After Exiting Masan and Vingroup, Korea’s SK Group Eyes Major Energy and Tech Investments in Central Vietnam

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South Korea’s second-largest conglomerate pivots from financial holdings to long-term strategic projects in Thanh Hoa and Nghe An, signaling renewed confidence in Vietnam’s green and digital economy.

HANOI — Following its recent divestments from Masan Group and Vingroup, South Korea’s SK Group — valued at $270 billion and ranked among the world’s top 100 conglomerates — is preparing a new wave of direct investments in clean energy and high-tech infrastructure projects in Vietnam’s central provinces of Thanh Hoa and Nghe An, according to a report by the Ministry of Finance submitted to Deputy Prime Minister Nguyen Chi Dung.

The report confirms that SK, one of Asia’s most powerful private energy investors, is now working closely with Vietnamese authorities to complete investment procedures for several large-scale proposals in the renewable energy and semiconductor sectors. The ministry described SK as a “strategic partner with global technological capacity” and said cooperation with local governments was already underway.

From Financial Investor to Strategic Partner

Over the past decade, SK Group has invested more than $3.5 billion in Vietnam, mainly through equity purchases and strategic partnerships with leading domestic companies. But in recent years, the conglomerate has shifted gears — reducing its financial holdings to about $650 million to refocus on long-term industrial investments aligned with Vietnam’s sustainable growth agenda.

That pivot follows several headline exits. In 2024, SK sold its entire $1 billion stake in Vingroup, ending what had been seen as a landmark Vietnam–Korea partnership in smart cities and manufacturing. In October 2025, SK Invest VINA II, a subsidiary of SK Group, divested 42.6 million shares of Masan Group (MSN) worth $127 million, closing a seven-year partnership. SK also recently exited Imexpharm, selling its stake to a Chinese investor.

Rather than signaling retreat, these exits mark a strategic reset. SK is now positioning itself to build direct, large-scale projects — in clean energy, LNG, battery production, advanced materials, and semiconductor technology — sectors that align with both Vietnam’s national priorities and SK’s global expertise.

Anchoring in Central Vietnam’s New Industrial Belt

Sources familiar with the matter said SK is evaluating multiple projects in Thanh Hoa and Nghe An, two provinces emerging as industrial hubs in the North-Central Coast corridor, home to deep-sea ports, new industrial parks, and growing renewable infrastructure. If realized, these projects could form an integrated energy–materials–manufacturing supply chain supporting Vietnam’s green industrial strategy from 2026 to 2035.

Global Expertise Meets Local Ambition

SK’s clean energy arm, SK Innovation, valued at $75 billion, is Asia-Pacific’s largest private energy company. Following its merger with SK E&S in late 2024, the group established a vertically integrated LNG value chain, importing more than 5 million tons of liquefied natural gas annually, alongside growing operations in battery technology, renewable power generation, and hydrogen.

This expertise could prove pivotal for Vietnam’s transition to cleaner power and digital infrastructure. “SK Group represents exactly the kind of strategic investor Vietnam needs — one with both capital and deep technological capacity,” said a senior official at the Ministry of Finance.

Vietnam’s Green Future, Korea’s Industrial Bridge

Vietnam’s government has prioritized attracting investors into renewable energy, digital transformation, and carbon neutrality, and SK is seen as a cornerstone partner in those efforts. The ministry’s active coordination underscores Hanoi’s view of SK as a long-term, high-impact partner rather than a short-term financial player.

If successfully executed, SK’s projects could accelerate Vietnam’s transformation into a regional clean-energy and semiconductor hub, while strengthening Korea’s industrial footprint in Southeast Asia.

With its proven global track record and strong alignment with Vietnam’s green growth agenda, SK Group’s next chapter in Vietnam may well mark the beginning of a deeper, more technologically integrated partnership between the two nations — one built not on capital flows, but on shared innovation.

Korean Tourist’s Mother Lost in Phu Quoc — Local Shop Owner Helps Find Her, Refuses $500 Reward

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When a Korean tourist’s elderly mother with memory loss went missing in the island city of Phu Quoc, panic quickly spread through the family. But thanks to the quick thinking and compassion of a local fruit shop owner, the story had a heartwarming ending.

On the evening of November 2, Hoàng Phương — who runs a small fruit shop on Tran Hung Dao Street — noticed a distressed Korean man rushing toward him. Unable to communicate directly due to the language barrier, the man used a translation app to explain that his mother had wandered off near Long Beach Mart and hadn’t returned.

Understanding the urgency, Phương immediately checked his shop’s security cameras. After scanning footage for about 20 minutes, he spotted an elderly woman with a walking stick passing by his store — the missing tourist’s mother.

Without hesitation, Phương jumped on his motorbike, taking the Korean tourist along as they searched the nearby streets. Familiar with the island’s layout, he navigated through several main roads, asking street vendors and shopkeepers for clues.

Two hours later, the pair found the elderly woman, exhausted but safe, walking alone about five kilometers away. The Korean man was overwhelmed with relief — nearly in tears — as he reunited with his mother.

Back at Phương’s shop, the man tried to give him 500 USD (around 13 million VND) as a token of gratitude, but the shop owner politely declined.

“Helping someone in trouble is just the right thing to do,” Phương said. “I wanted him to know that Vietnamese people are friendly and always willing to help visitors.”

The story quickly spread across Vietnamese social media, praised as a touching example of Vietnamese hospitality and kindness — values that continue to define the country’s tourism culture.

Phu Quoc has seen a surge in South Korean visitors in 2025, with more than 725,000 arrivals in the first half of the year, up nearly 40% year-on-year. Many travel with family, drawn by the island’s beaches, resorts, and relaxed pace of life — and now, stories like this one.

EuroCham: Vietnam Sustains Stable Recovery, Emerging as a Quality-Driven Investment Hub

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European business leaders cite rising confidence and strong policy execution as Vietnam outpaces regional peers in growth and resilience.

HANOI — Vietnam continues to stand out as one of Asia’s most resilient economies, maintaining a stable post-pandemic recovery despite global headwinds, according to the European Chamber of Commerce in Vietnam (EuroCham). In its latest assessment, EuroCham described Vietnam as a “rare bright spot” in a turbulent global landscape — a country now competing on quality and sustainability rather than low costs.

EuroCham Chairman Bruno Jaspaert said European business confidence in Vietnam has reached its highest level in three years, with 76% of executives willing to recommend the country as an investment destination. “Vietnam is no longer just a low-cost alternative — it’s evolving into a high-quality, sustainable manufacturing and innovation hub,” Jaspaert noted.

Global institutions are echoing that optimism. HSBC and Standard Chartered have both upgraded Vietnam’s 2025 GDP growth forecasts, while the IMF, World Bank, and Asian Development Bank also revised their projections upward. These agencies now expect Vietnam to achieve or even surpass its 8% growth target, citing solid fiscal capacity and flexible policy management as key strengths.

Jaspaert praised the Vietnamese government’s agility and adaptability in navigating global volatility, crediting recent progress in administrative reform, investment facilitation, and infrastructure development. He highlighted the simplification of visa and work permit procedures, which nearly half of surveyed European companies recognized as a significant improvement in the latest Business Confidence Index (BCI).

EuroCham also commended Vietnam’s long-term vision for sustainable growth, digital transformation, and trade facilitation, as well as its open dialogue with the private sector. “EuroCham is proud to be one of the Government’s closest partners in this process,” Jaspaert said, pointing to the September visit of EU Commissioner Maroš Šefčovič as a milestone in bilateral cooperation. The visit resulted in a joint commitment to establish working groups aimed at resolving structural bottlenecks and accelerating policy implementation.

According to Jaspaert, Vietnam’s economic management has entered a new phase — shifting from policy formulation to execution, with a focus on transparency, accountability, and measurable outcomes. While challenges remain — such as uneven local implementation and the need for clearer frameworks on renewable energy and land use — the country’s determination to improve is “undeniable.”

“As someone who has lived and worked in Vietnam for over eight years, I can say with confidence that the government’s openness and the Vietnamese people’s dynamism are what make this market truly unique,” Jaspaert said. “With 80% of European businesses optimistic about Vietnam’s five-year outlook, trust and partnership will continue to be the foundation of sustainable growth.”

Vietnam, once defined by its affordability, is now increasingly defined by its competitiveness, stability, and strategic importance — a shift that may well secure its position as Southeast Asia’s next high-value growth engine.

Why Hanoi’s Youth Are Flocking to “Pho Anh Hai at No.10 Dan Phuong” — The Viral Vietnamese Game Blurring Reality and Fiction

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Over the past week, the phrase “Pho Anh Hai” and the mysterious address “No.10 Dan Phuong” have exploded across Vietnamese social media. Young people in Hanoi are typing the address into Google Maps, calling food delivery apps, and even driving to the outskirts of the city — all to find a pho restaurant that isn’t real.

The frenzy was sparked by a new Vietnamese indie game titled “Brother Hai’s Pho Restaurant” (Tiệm phở của anh Hai), created by a small group of young local developers. Despite zero official marketing, the game has gone viral thanks to user-shared clips and memes on TikTok and Facebook.

Set in a rural village in Dan Phuong District, just outside Hanoi, the game lets players step into the role of Anh Hai, a humble noodle shop owner serving steaming bowls of pho to quirky customers. But as players soon discover, beneath the game’s cozy surface lies an unexpectedly surreal and mysterious storyline.

Part of the game’s charm comes from its remarkable realism. Every detail — from the pale green walls and plastic stools to the chili jars, metal spoons, and familiar “no parking” posters — captures the aesthetic of a quintessential Vietnamese street eatery. Even the walls feature flyers advertising “concrete drilling” services and anti-drug slogans, details that instantly resonate with anyone who’s walked through Vietnam’s neighborhoods.

The gameplay starts simply: serve pho, earn money, and keep customers happy. But strange events soon unfold — odd customer behavior, eerie background sounds, and plot twists that hint at something much deeper than a cooking simulation.

Beyond its virtual world, Brother Hai’s Pho Restaurant has spilled over into real life. Countless users have searched for the supposed “Pho Anh Hai – No.10 Dan Phuong” on delivery apps and maps, hoping to visit the location themselves. Some have even shared photos of real pho shops in Dan Phuong, confusing many into believing the place actually exists.

A recent report from a Vietnamese ride-hailing platform showed a surge in searches for both “Pho Anh Hai” and “Dan Phuong No.10,” not just for rides but also in food delivery requests.

Analysts say the phenomenon highlights how authentic local culture — even in its simplest forms, like a pho stall or an old street sign — can inspire powerful creative movements.

“It doesn’t rely on flashy graphics or complex gameplay,” one player commented. “It’s just so Vietnamese — nostalgic, a little weird, and full of heart.”

Vietnam’s Nationwide Crackdown Reveals Over 19,000 Students Riding Motorbikes Illegally to School

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Vietnam’s traffic police have launched a nationwide inspection targeting illegal vehicle use by students, uncovering more than 19,000 violations in just two hours on Monday morning.

At 8 a.m. on November 4, Major General Đỗ Thanh Bình, head of the Traffic Police Department under the Ministry of Public Security, ordered a synchronized inspection across schools nationwide to curb underage driving and improve traffic safety near campuses.

According to official reports, officers in 30 out of 34 provinces and cities (excluding several areas affected by flooding and storms) inspected 2,219 parking lots both inside and around schools. The operation revealed 19,406 students operating motorbikes without meeting legal requirements, including many who lacked driving licenses or proper safety gear.

Of these, 6,474 vehicles were parked inside school grounds, while 12,932 were found in nearby parking areas. Police also found nearly 9,800 cases where students wore substandard or uncertified helmets.

Authorities have since summoned over 24,000 parents to local police stations to notify them of the violations and to sign written pledges not to allow their children to drive illegally.

In Hanoi, 44 inspection teams comprising 131 traffic officers and local police conducted surprise checks at middle and high schools. Some students were seen trying to hide or move their motorbikes upon learning of the inspections. However, undercover officers recorded their actions and later tracked the vehicles to issue formal citations.

In one instance, a 14-year-old student admitted taking his father’s motorbike to school, promising not to repeat the offense. Another 13-year-old confessed to buying his own unregistered motorbike to get around — with his parents’ knowledge.

Authorities say these inspections will continue nationwide as part of a broader campaign to improve youth road safety and hold parents accountable for violations involving minors.

How Foreigners Exempt from Work Permits Can Secure Long-Term Residency in Vietnam

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Vietnam’s Temporary Residence Card offers a legal, convenient path for foreign executives, investors, and spouses to stay long-term.

HANOI — Foreigners who are exempt from Vietnam’s work permit requirements can still obtain a Temporary Residence Card (TRC) — a crucial document allowing long-term stay and re-entry without repeated visa renewals. However, applicants must first secure an official Certificate of Work Permit Exemption issued by Vietnamese authorities.

Under current regulations, foreign managers, chief representatives, branch directors, major investors in local enterprises, and foreigners married to Vietnamese citizens are among those eligible for this exemption. The TRC, typically valid from two to five years, aligns with the duration of the exemption certificate and serves as proof of legal residence for both business and personal purposes.

To apply, foreigners must present a valid passport (minimum 13 months), the correct visa type (LĐ or DN), and a Certificate of Work Permit Exemption, along with a completed TRC application form and supporting documents. Careful preparation is essential, as errors or incomplete paperwork can delay approval.

The TRC not only simplifies living and working arrangements in Vietnam but also enhances mobility for professionals seeking long-term business opportunities in one of Southeast Asia’s fastest-growing economies.

For assistance with TRC procedures and documentation, GBS – Global Business Services LLC provides professional support for foreign individuals and enterprises seeking to legalize their stay and operations in Vietnam.

Contact: info@gbs.com.vn
Website: www.gbs.com.vn

Market Insider Launches as Global Platform Redefining Financial Intelligence

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New London-based hub delivers real-time market clarity through AI-powered insights and human expertise.

LONDON — Market Insider officially debuted today as a next-generation global financial intelligence platform, promising to bridge the gap between traditional finance, emerging markets, and the fast-evolving world of digital assets. The platform aims to empower investors, business leaders, and policymakers with the clarity they need to navigate markets that move at the speed of algorithms.

Built for an interconnected global economy, Market Insider delivers real-time coverage across equities, commodities, crypto, gold, and macro policy — transforming complex financial developments into clear, actionable insights. “A single policy shift in Washington, a trade deal in Asia, or an innovation in Europe can reshape global capital flows overnight,” said a spokesperson for INSIDER LLC, the publisher behind the platform. “Our mission is simple: to make global markets make sense — in real time.”

The platform combines the rigor of human financial journalism with AI-driven analytics, offering faster, smarter context than traditional media outlets. By connecting deep data with sharp editorial analysis, Market Insider positions itself as a key source for cross-border investors seeking transparency and opportunity — particularly in high-growth regions like Asia and Europe.

Part of INSIDER LLC, a multimedia network founded in 2017, Market Insider joins a portfolio of leading business news portals including VietnamInsiders.com, AsiaInsiders.net, VietnamStar.net, TheGBM.com, CryptoInsider.asia, and VietnamJournal.net — all focused on connecting readers to actionable intelligence across continents.

As financial ecosystems evolve under the influence of AI, policy shifts, and new capital corridors, Market Insider positions itself not just as a news outlet — but as a global intelligence network redefining how financial information powers decision-making in the digital age.

For media inquiries:
editor@marketinsider.net
https://marketinsider.net

Chinese National Escapes from Da Nang Hospital While in Police Custody — Still Wearing Leg Shackles

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Police in Da Nang have recaptured a Chinese suspect who escaped from a hospital while receiving medical treatment — even though one of his legs was still shackled.

The man, identified as Li Shang Ze, 31, had been in temporary detention for his alleged involvement in a case of unlawful imprisonment. Early on November 2, while under police escort at Da Nang Hospital, Li managed to flee around 4:30 a.m., heading toward the Hải Phòng–Ông Ích Khiêm intersection.

Local authorities immediately launched an intensive manhunt, deploying police forces across nearby wards and reviewing security camera footage. Notices were also circulated through neighborhood Zalo groups to alert residents.

After several hours on the run, Li was tracked down and arrested in the Ngũ Hành Sơn District — about five kilometers from where he escaped.

Photos shared by local media showed the suspect still wearing one side of his leg shackle at the time of capture.

Police are now investigating how Li managed to escape custody and whether any security lapses occurred during his hospital stay.

Vietnam Rolls Out 5-Year Visa-Free for Global Elites

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Vietnam Insider – Vietnam just flung open a golden door to the world’s most coveted minds and wallets—issuing five-year, multiple-entry visa waivers to select foreigners whose influence can supercharge its $430 billion economy, from semiconductor pioneers to market-cap titans and cultural icons, in a calculated bid to outmaneuver regional rivals Singapore and Thailand for high-stakes talent and capital.

Decree 221, signed August 8, green-lights invitations from Vietnam’s top leaders or ministries for categories including Fortune Global 100 executives, award-winning scientists, digital-tech chief engineers, and athletes ranked in the world’s top 100 by FIFA or equivalent bodies. Each recipient receives a chip-based or e-card granting 90-day stays per visit, extendable, with the Ministry of Public Security holding revocation power—a streamlined gateway absent until now.

The playbook is explicit: lure the human and financial capital driving TSMC’s $600 billion valuation or NVIDIA’s AI empire into Hanoi’s nascent chip hubs, while cultural heavyweights amplify soft power akin to Dubai’s art-fueled rebrand. Last year Vietnam attracted $36 billion in FDI; this visa gambit targets the next leap, mirroring UAE’s 10-year Golden Visa that pulled $10 billion in real estate alone.

For global boards, the signal is unambiguous—Vietnam is open for elite business at warp speed. Contrarian investors should front-run the influx: load up on VinGroup bonds and Hanoi land parcels before the first wave of wafer-fab CEOs lands and the talent arbitrage gap closes for good.

Vietnam’s Banking Sector Braces for a New Capital-Raising Race Ahead of Basel III Implementation

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HANOI, Nov 3 (Vietnam Insider) — Vietnam’s banking industry is gearing up for a fresh wave of capital increases as Circular 14/2025, which lays the foundation for the country’s transition to Basel III standards, takes effect on September 15, 2025, signaling a major regulatory and structural shift in the financial system.

A new report from BSC Research suggests that lenders are entering a period of accelerated capital preparation to meet stricter capital adequacy requirements while sustaining credit growth that continues to outpace expectations.

By the end of the third quarter of 2025, Vietnam’s total outstanding credit had expanded 13.4% year-to-date, reaching over VND 17.7 quadrillion (USD 695 billion). Real estate loans alone surged 25.4% since January to more than VND 1.8 quadrillion (USD 71 billion) — accounting for a record 10.4% of total credit.

Monetary Easing Fuels Credit Expansion

The ongoing accommodative monetary environment and the recovery of the property market have strongly benefited banks with large exposure to real estate developers such as Techcombank (TCB), VPBank (VPB), SHB, and HDBank (HDB). VPBank stands out with an exceptional 29% individual credit growth so far this year and is expected to reach 35% by year-end — the highest in its history and across the sector.

However, as BSC notes, the net interest margin (NIM) — a critical profitability metric — continues to narrow amid rising funding costs. The interbank market remains tight, with more than VND 1 quadrillion injected through open-market operations in Q3 alone, and maturities extending up to 91 days, keeping interbank rates elevated. Meanwhile, CASA (current account savings account) deposits are no longer the cheap funding source they once were, forcing banks to raise lending rates to protect margins.

Strategic Shift: From Lending to Fee-Based Income

Facing pressure on traditional lending income, banks are turning aggressively toward non-interest revenue streams. A key trend is the creation of life insurance subsidiaries and cross-selling within financial ecosystems. After Techcombank Life (TCLife), VPBank has announced plans for its own insurance arm, while VIB is expected to follow.

BSC highlights that with Vietnam targeting 10% GDP growth in 2026 and per capita income of USD 5,400–5,500, the insurance market remains underpenetrated — but long-term success will depend on execution and governance.

Banks are also positioning for future growth in digital asset and gold trading platforms, though regulatory frameworks are still being refined. At least five brokerage firms within banking ecosystems — TCBS, VPBS, HDBS, SSI, and VIX — have established legal entities for these ventures. MBBank, which earlier signed an MOU with South Korea’s Dunamu (Upbit), has yet to see significant progress.

Basel III Triggers a New Capital Race

Circular 14/2025 officially ushers in Vietnam’s Basel III transition, replacing Basel II by January 2030. Between 2025 and 2030, banks must report under both standards. Several early adopters, including Vietcombank (VCB), TPBank (TPB), and VPBank, have already registered for early compliance.

Under Basel III, the minimum capital adequacy ratio (CAR) remains at 8%, with Tier 1 capital at 6% and core Tier 1 at 4.5%. However, the capital conservation buffer will gradually rise from 0.625% to 2.5% over the next four years, lifting the effective minimum CAR to 10.5%, plus a countercyclical buffer of up to 2.5%, at the discretion of the State Bank of Vietnam (SBV).

While Vietnam’s average CAR hovers around 12%, it remains well below the 19% average seen among ASEAN peers that have fully adopted Basel III. As a result, analysts expect a wave of capital-raising initiatives — through retained earnings, bond issuance, or foreign equity placements — as banks race to strengthen balance sheets.

BSC forecasts that institutions with strong foreign shareholder bases and room to lift foreign ownership limits (FOL) to 49% will hold a distinct competitive edge. The recently enacted Decree 245/2025, which prevents lowering FOL thresholds, further enhances the appeal of bank stocks to international investors.

Aligning with ASEAN Standards

In parallel, the SBV is revising Circular 22/2019 to align with Basel III by incorporating new risk management indicators such as NSFR (Net Stable Funding Ratio), LCR (Liquidity Coverage Ratio), and LEV (Leverage Ratio). This marks a crucial step toward transitioning from a credit quota regime to a market-based risk control mechanism, similar to models in Indonesia, Malaysia, Singapore, Thailand, and the Philippines.

According to BSC, this evolution will benefit banks with strong capital bases and diversified revenue ecosystems, positioning them as long-term leaders in the regional financial landscape.

The research firm maintains a positive outlook for the sector, forecasting pre-tax profit growth of 14.7% in 2025 and 17.6% in 2026. Top picks include MBBank (MBB), VPBank (VPB), and Techcombank (TCB) — banks characterized by dynamic ecosystems, robust cross-selling capabilities, high CAR buffers, and attractive valuations.

Ho Chi Minh City Tourism Accelerates Toward 10 Million Foreign Visitors as Post-Pandemic Boom Deepens

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HO CHI MINH CITY, Nov 3 (Vietnam Insider) — Vietnam’s southern metropolis is in the midst of a tourism surge, drawing nearly 6.6 million international visitors in the first ten months of 2025 — an 18% increase year-on-year — as the city eyes a full-year target of 10 million foreign arrivals and total tourism revenue of nearly USD 11.5 billion (VND 290 trillion).

The recovery underscores Ho Chi Minh City’s role as the nation’s economic and cultural gateway. October alone saw 705,000 international travelers and 3.9 million domestic tourists, reflecting both renewed global demand and stronger domestic mobility. Total receipts for the first ten months reached roughly USD 8.2 billion, up 22% from 2024, achieving 72% of the city’s annual revenue goal.

Industry analysts attribute the momentum to diversified tourism products, the return of long-haul markets from Europe and North America, and new travel behavior among post-pandemic consumers.

“This growth isn’t surprising — we’re entering Vietnam’s international high season from October through April,” said Tran Thi Bao Thu, Marketing Director at Vietluxtour. “Travelers from colder regions are escaping winter to seek warmth and culture in Southeast Asia, and Ho Chi Minh City ranks among their top choices.”

A Gateway City Redefining Its Role

Once viewed primarily as a transit point to the Mekong Delta or coastal resorts, Ho Chi Minh City is increasingly becoming a stand-alone destination. With its mix of colonial heritage, culinary diversity, and energetic nightlife, the city is now extending visitor stays and expenditure.

“Ho Chi Minh City benefits from its multi-layered appeal — aviation connectivity, nearby beaches, vibrant street food, and favorable weather,” said Pham Anh Vu of Viet Tourism. “It’s not just a hub; it’s an experience.”

This shift aligns with regional trends. Data from the ASEAN Secretariat and Vietnam’s National Tourism Administration show Vietnam leading Southeast Asia in post-pandemic tourism recovery through the first nine months of 2024, reinforcing the country’s rising status on the global travel map.

Ben Thanh Market is a large marketplace in central Ho Chi Minh City, Vietnam in District 1. The market is one of the earliest surviving structures in Saigon and an important symbol of Ho Chi Minh City, popular with tourists seeking local handicrafts, textiles, ao dai and souvenirs, as well as local cuisine.
Changing Traveler Profiles and Rising Standards

Beyond the headline numbers, the structure of demand is evolving. Tour operators report that European, American, Australian, and Northeast Asian travelers are less bound by seasonality and spending more on mid- to high-end services. Vietluxtour’s inbound volume is up 35% year-on-year, with most guests opting for three- to five-star hotels and bespoke cultural itineraries.

“Foreign visitors today are looking for authenticity, not just luxury,” Thu added. “They want tailored experiences, cultural immersion, and service quality that matches what they’re willing to pay.”

This trend is driving upgrades across the city’s hospitality sector — from hotel standards to staff training. Tour companies are investing heavily in service quality, language skills, and local cultural knowledge to stay competitive.

Experience-Driven Growth and the Rise of the Night Economy

Ho Chi Minh City’s tourism department has revised its targets upward for the final quarter, aiming for 10 million international and up to 50 million domestic visitors by year-end. To achieve this, operators are launching “experience-centric” and “night-time economy” products designed to keep travelers engaged after dark.

At Vietluxtour, preparations for the holiday high season began in the third quarter. The firm is intensifying quality inspections and staff retraining to meet rising international expectations. Meanwhile, Viet Tourism is expanding community-based tours that allow visitors to “live like a local” — exploring Saigon’s historic districts by vintage car or motorbike, dining at late-night food streets such as Vinh Khanh and Ho Thi Ky, and hearing the stories behind each dish.

Another growth driver is MICE tourism (Meetings, Incentives, Conferences, and Exhibitions), which targets corporate travelers with high spending power. The city’s increasing calendar of global business and cultural events is helping travel firms capture this lucrative segment.

Competing with Asia’s Tourism Powerhouses

To strengthen its international competitiveness, Ho Chi Minh City is betting on distinctive cultural experiences and a revitalized nightlife scene. Signature offerings such as Christmas River Festivals and Saigon dinner cruises are being promoted as part of a broader strategy to rival regional tourism magnets like Bangkok and Singapore.

As the city moves closer to its 10-million-visitor milestone, industry insiders say the challenge ahead is not only attracting tourists but also keeping them longer — and ensuring every stay in Saigon tells a story worth coming back for.

Vietnam Stocks Extend Sell-Off as VN-Index Sinks to One-Month Low

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Three-day losing streak wipes nearly 70 points off benchmark amid broad sell-off in banking, real estate, and brokerage shares.

Vietnam’s stock market began the week deep in the red as the VN-Index plunged nearly 23 points Monday, marking its third consecutive session of steep losses and dragging the benchmark down almost 70 points in total. Despite an early rebound attempt that briefly pushed the index up over 10 points, selling pressure quickly intensified in the final half hour of trading, sending the index tumbling to 1,617 points — its lowest level in more than a month.

The Ho Chi Minh City Stock Exchange was flooded with red, with 240 stocks declining and barely a third that number advancing. Large-cap shares suffered a similar fate: 23 of 30 blue-chip stocks closed lower, signaling a broad-based retreat across key sectors.

Brokerage firms were hit hardest as investors offloaded shares aggressively. The entire securities group finished below reference levels, with typical declines of 3–5%. VIX led the slump, hitting its floor price of VND 26,050 (USD 1.03) with a massive sell surplus of 13.5 million shares. Bank stocks also came under pressure, with SSB the lone gainer. STB dropped 5.8% to VND 52,300, while HDB, TCB, and VPB each fell more than 3.8%.

The real estate sector saw widespread liquidation, with several developers including DXG, DXS, NLG, CII, and HDC hitting their daily downside limits. Yet a few outliers bucked the trend — notably QCG, which surged to its ceiling price of VND 14,150 with strong buying volume exceeding 600,000 shares. Losses extended across other major industries, from fertilizers and oil & gas to aviation, steel, and seaports.

Despite the sell-off, market liquidity remained strong, with total trading value on the Ho Chi Minh exchange rising to VND 29 trillion (USD 1.15 billion), up nearly VND 2 trillion from Friday. FPT led in trading turnover at over VND 2.2 trillion, followed by VIX, SSI, SHB, and HPG. Foreign investors — who had dumped over VND 1 trillion in previous sessions — eased their selling, recording a net outflow of just VND 137 billion, while net buying in FPT reached roughly 2.4 million shares.

Analysts warn the short-term trend remains bearish, though technical indicators suggest a potential rebound once the VN-Index stabilizes above the 1,620-point threshold. Market strategists recommend investors avoid chasing short-term rallies fueled by large-cap momentum and instead consider selective, low-exposure entries (20–40% of portfolio allocation) in defensive sectors such as chemicals, oil & gas, or infrastructure-linked stocks poised to benefit from Vietnam’s public investment push.

The VN-Index’s sharp decline underscores how fragile investor sentiment remains amid regional volatility — but for contrarian investors, Vietnam’s correction could be the next quiet setup for a recovery trade.

SABECO đóng góp 1 tỷ đồng hỗ trợ khắc phục thiệt hại sau bão lũ cho người dân tại Nghệ An và Hà Tĩnh

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Tại điểm dừng chân thứ 8 của chuỗi “Hành Trình Di Sản”, Tổng Công ty Cổ phần Bia – Rượu – Nước Giải Khát Sài Gòn (SABECO) đã phối hợp cùng Ủy ban Mặt trận Tổ quốc Việt Nam (UB MTTQVN) trao tặng 1 tỷ đồng hỗ trợ trực tiếp cho người dân bị ảnh hưởng bởi bão lũ tại hai tỉnh Nghệ An và Hà Tĩnh. Hoạt động này nằm trong kế hoạch của SABECO nhằm chung tay hỗ trợ công tác khắc phục hậu quả thiên tai, đồng thời lan tỏa tinh thần đoàn kết và sẻ chia thông qua chiến dịch kỷ niệm 150 năm di sản.

Lễ trao tặng được tổ chức tại Nghệ An vào ngày 31/10, và tại Hà Tĩnh vào ngày 1/11, với tổng giá trị hỗ trợ 1 tỷ đồng, tương ứng 500 triệu đồng cho mỗi tỉnh. Đây là khoản hỗ trợ được trích từ 3 tỷ đồng do SABECO công bố vào ngày 16/10, và được trao bảng biểu trưng tại văn phòng UB TW MTTQVN vào ngày 24/10 vừa qua. Khoản hỗ trợ này sẽ được SABECO chuyển trực tiếp vào tài khoản tiếp nhận hỗ trợ của MTTQ tỉnh Nghệ An và tỉnh Hà Tĩnh theo sự thống nhất của UB TW MTTQVN, nhằm khắc phục thiệt hại sau bão, hỗ trợ sửa chữa hạ tầng thiết yếu, tái thiết nhà ở và giúp người dân địa phương ổn định đời sống sau bão.

Lãnh đạo SABECO gặp gỡ đại diện lãnh đạo tỉnh Nghệ An trong buổi trao tặng

Ông Hoàng Phú Hiền – Phó chủ tịch UBND tỉnh Nghệ An phát biểu tại buổi trao tặng: “Chúng tôi đánh giá cao các hoạt động mà SABECO đã và đang thực hiện trên địa bàn tỉnh Nghệ An trong thời gian qua, ngoài hoạt động sản xuất kinh doanh và đóng góp ngân sách cho tỉnh, còn có các chương trình cộng đồng ý nghĩa thông qua MTTQVN tỉnh Nghệ An. Thay mặt cho người dân tỉnh Nghệ An, chúng tôi rất trân trọng sự giúp đỡ của SABECO và cam kết trực tiếp trao sự hỗ trợ này một cách nhanh chóng đến với các gia đình bị thiệt hại. Chúng tôi hy vọng SABECO sẽ tiếp tục đồng hành và hỗ trợ cho đồng bào không chỉ riêng ở tỉnh Nghệ An mà còn trên khắp cả nước.”

Ông Nguyễn Thành Đồng, Ủy viên Ban Thường vụ Tỉnh ủy, Chủ tịch UBMTTQVN tỉnh Hà Tĩnh chia sẻ: ” Thời gian vừa qua, nhiều địa phương trong đó có Hà Tĩnh đã chịu thiệt hại nặng nề do bão. Chúng tôi bày tỏ lòng biết ơn sâu sắc đến tấm lòng và nghĩa cử cao đẹp của SABECO trong việc hỗ trợ khắc phục sau bão lũ cho bà con. Chúng tôi rất trân trọng khi SABECO luôn đồng hành không chỉ trong việc phát triển kinh tế xã hội, đóng góp vào ngân sách của tỉnh và tạo công ăn việc làm cho người lao động, mà còn luôn quan tâm, chăm sóc và hỗ trợ cho đời sống của người dân.”

Bên cạnh hỗ trợ tài chính cho cộng đồng địa phương, ban lãnh đạo SABECO cũng đã đến thăm các nhà máy, đơn vị đối tác tại Nghệ An và Hà Tĩnh, đồng thời gặp gỡ, động viên đội ngũ cán bộ, công nhân viên bị ảnh hưởng bởi bão lũ, qua đó khẳng định cam kết của công ty trong việc đồng hành và nâng cao chất lượng cuộc sống của người dân Việt Nam.

Ông Lester Tan, Tổng Giám đốc SABECO, chia sẻ: “Sự hỗ trợ này mang ý nghĩa đặc biệt đối với SABECO, bởi Nghệ An và Hà Tĩnh không chỉ là hai trong những địa phương chịu thiệt hại nặng nề nhất sau đợt bão lũ vừa qua, mà còn là nơi gắn bó với nhiều cán bộ, nhân viên, đối tác và các đơn vị thành viên lâu năm của chúng tôi. Các nhà máy và công ty tại hai tỉnh này đã góp phần quan trọng vào sự phát triển của SABECO tại khu vực miền Trung, và chúng tôi ý thức sâu sắc trách nhiệm của mình trong việc sẻ chia và đồng hành cùng người dân địa phương vượt qua giai đoạn khó khăn. Thông qua khoản đóng góp này, chúng tôi mong muốn mang đến sự hỗ trợ kịp thời và thiết thực cho những người bị ảnh hưởng bởi bão lũ, đồng thời thể hiện tinh thần đoàn kết và trách nhiệm xã hội của SABECO trong việc sát cánh cùng đội ngũ nhân viên và cộng đồng nơi doanh nghiệp hoạt động. SABECO sẽ tiếp tục đồng hành cùng Việt Nam trên hành trình phát triển, không chỉ bằng việc xây dựng doanh nghiệp bền vững, mà còn bằng những đóng góp tích cực nhằm nâng cao đời sống và mang lại sự thịnh vượng cho người dân.”

Khoản đóng góp này là một phần trong kế hoạch hợp tác của SABECO cùng Mặt trận Tổ quốc Việt Nam, nhằm khắc phục hậu quả thiên tai tại nhiều khu vực bị ảnh hưởng trên cả nước. Đây cũng là hoạt động thể hiện đúng tinh thần của chiến dịch “150 Năm Di Sản Vươn Cao” của SABECO, nhằm tôn vinh sự kiên cường, đoàn kết và sẻ chia của người dân Việt Nam.

Bên cạnh đó, chuỗi “Hành Trình Di Sản” với hình ảnh xe buýt hai tầng màu đỏ đặc trưng trong chiến dịch “150 Năm Di Sản Vươn Cao” tiếp tục lan tỏa tinh thần kết nối và sẻ chia tại Nghệ An thông qua các hoạt động gắn kết cộng đồng. Nổi bật trong đó là hoạt động “Bức Tường Gắn Kết”, nơi người dân có thể gửi gắm tình cảm và lời động viên đến địa phương, lực lượng tuyến đầu, các tình nguyện viên và người dân đang nỗ lực phục hồi cuộc sống sau bão lũ. Người tham gia cũng được khuyến khích chia sẻ hình ảnh và thông điệp trên mạng xã hội kèm hashtag “Cùng Việt Nam Kiên Cường”, nhằm lan tỏa tinh thần đồng cảm và đoàn kết trên khắp cả nước. Mỗi lời nhắn gửi là một mảnh ghép của tinh thần Việt Nam kiên cường, thể hiện niềm tin về sự đoàn kết vượt qua mọi khó khăn.

“Hành Trình Di Sản” được SABECO tổ chức như một hành trình gắn kết cộng đồng trên khắp Việt Nam, nhằm tôn vinh chặng đường 150 năm phát triển cùng ngành bia và khẳng định cam kết đồng hành cùng sự tiến bộ của đất nước. Mỗi điểm dừng của hành trình không chỉ mang đến cơ hội trải nghiệm di sản mà còn thể hiện tinh thần đoàn kết, cảm thông và sẻ chia – những giá trị cốt lõi mà SABECO luôn theo đuổi. Đến nay, “Hành Trình Di Sản” đã đi qua 8 trên 9 địa điểm gồm TP. Hồ Chí Minh, Cần Thơ, Vĩnh Long, Vũng Tàu, Đắk Lắk, Khánh Hòa, Bình Định, và Nghệ An. Điểm cuối của hành trình ý nghĩa này sẽ kết thúc tại thủ đô Hà Nội. 

Nghệ An và Hà Tĩnh là hai địa phương quan trọng trong hoạt động sản xuất kinh doanh của SABECO tại khu vực miền Trung. Nhiều năm qua, công ty đã trở thành một phần quen thuộc với người dân địa phương với sự hiện diện của Công ty CP Bia Sài Gòn – Hà Tĩnh, và Công ty CP Bia Sài Gòn Sông Lam, cũng là hai đơn vị đứng đầu trong danh sách các công ty nộp ngân sách lớn nhất ở Nghệ An và Hà Tĩnh. 

Đại diện lãnh đạo tỉnh Nghệ An tìm hiểu, trải nghiệm máy tái chế thuộc Hành Trình Di Sản của SABECO

Ngoài hoạt động sản xuất kinh doanh, SABECO còn góp phần nâng cao chất lượng sống của người dân qua dự án “Thắp Sáng Đường Quê” và “Thắp sáng đường biên” tại Nghệ An (gồm xã Tam Hợp, xã Bắc Lý, xã bản Na Loi) và Hà Tĩnh (gồm xã Hương Lâm, xã Hương Đỗ, xã Quang Thọ, và xã Kỳ Nam). Tuyến đường sử dụng đèn năng lượng mặt trời nhằm thúc đẩy việc sử dụng năng lượng tái tạo, cải thiện cơ sở hạ tầng kinh tế – xã hội ở khu vực nông thôn, đồng thời tăng cường an ninh trật tự, cải thiện điều kiện sinh hoạt cho cộng đồng dân cư vùng biên. Ngoài ra, công ty cũng thực hiện dự án “Nâng bước thể thao”, nâng cấp sân thể thao cộng đồng với mục tiêu khích lệ lối sống cân bằng và năng động, đồng thời mang đến cơ hội phát triển nền tảng thể thao trong cộng đồng.

Thông qua “Hành Trình Di Sản”, SABECO mong muốn không chỉ lan tỏa niềm tự hào về hành trình 150 năm di sản mà còn gửi gắm tinh thần đoàn kết, sẻ chia và kiên cường – nơi mà mỗi người dân Việt Nam cùng nhau viết tiếp hành trình “Di Sản Vươn Cao”.

Arctic Blast Freezes Northern Vietnam, Disrupting Travel and Threatening Crops

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HANOI, Nov 3 (Vietnam Insider) — Northern Vietnam has been hit by an abrupt Arctic-style cold front that sent temperatures plunging to near-freezing levels across several northern provinces — an unusually harsh start to the cool season that’s now disrupting tourism, agriculture, and transport in the region.

The powerful cold surge, driven by an intensified continental air mass sweeping south from China, has blanketed much of North and North Central Vietnam in rain and biting winds since late Sunday. On Monday morning, temperatures on Mau Son Peak in Lang Son fell to just 10°C (50°F), the lowest recorded so far this season. Mountainous tourist destinations such as Sa Pa, Pha Din, and Tam Dao also dipped below 12°C (54°F), catching many visitors and residents off guard.

In Hanoi, the normally mild capital, locals woke to persistent drizzle and a sharp chill, with morning readings hovering between 17°C and 19°C (63°F–66°F). The cold spell is expected to linger for several days, keeping daytime highs suppressed across northern and north-central provinces.

The National Center for Hydro-Meteorological Forecasting (NCHMF) warned that the cold front’s impact will not be confined to lower temperatures. Heavy rains are forecast to continue along the coast from Ha Tinh to Quang Ngai, raising the risk of flash floods, landslides, and urban inundation — particularly in low-lying areas and key industrial corridors. Coastal regions are also facing strong winds and rough seas, posing hazards to shipping and fishing operations.

For the agricultural heartlands of the Red River Delta and northern highlands, the bigger worry lies in prolonged exposure to cold and damp conditions. Meteorologists have cautioned that livestock and poultry could suffer severe stress, while crops and seedlings may see stunted growth or rot if the chill persists. Rural officials have urged farmers to prepare insulation for barns and limit outdoor grazing.

Despite the current freeze, relief is on the horizon. AccuWeather projects temperatures in Hanoi and surrounding provinces will gradually climb by 1–2°C per day starting midweek, reaching a more comfortable 23–28°C (73–82°F) by the weekend.

For expatriates, travelers, and businesses operating in northern Vietnam, the Arctic blast serves as a stark reminder of the country’s growing climate volatility — and the importance of building resilience into both infrastructure and supply chains as weather extremes become more frequent.

Vietnam Market Tipping Point: Can VN-Index Hold 1,600?

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Experts Warn of Deeper Pullback Driven by Blue-Chip Profit-Taking, Urging Investors to Shift Focus from Short-Term Gains to Preparing for the Next Growth Cycle.

The VN-Index is flashing clear signals of a sharp correction, with analysts forecasting a potential breach of the critical 1,600-point psychological support level as massive profit-taking pressure swamps market momentum. This pullback, heavily concentrated in heavyweight stocks like Vingroup (which single-handedly dragged the index down significantly), signals a necessary, albeit painful, rebalancing away from stocks that have already experienced meteoric gains. Global economic stability factors—including a positive US-China trade framework and expected Federal Reserve rate cuts—are currently being overshadowed by domestic portfolio adjustments and uncertainty surrounding major corporate Q3 earnings reports.

The Correction Catalysts: Vingroup and Foreign Selling

The primary driver of the recent volatility is the massive correction in Vingroup shares, which erased the majority of the group’s contribution to the index earlier in the month. Experts see this not as an outright negative, but as a healthy dispersion of capital, preventing over-concentration in a few mega-caps. However, the broader market faces systemic headwinds: relentless foreign net selling, which has persisted for 15 consecutive weeks totaling nearly 129 trillion VND, and a noticeable decline in trading liquidity, averaging only 37 trillion VND in October.

Nguyen Tan Phong from Pinetree forecasts a “20–30% correction” for high-fliers is normal, giving the VN-Index a real chance of testing support levels around 1,570 points. Technical analysis suggests that while the index remains above crucial medium-to-long-term indicators like the MA100 and MA200, the short-term mood remains bearish until the major index anchors stabilize.

Strategy: Conserve Capital for the Next Wave

The consensus among leading analysts is a pivot from aggressive trading to risk management and portfolio restructuring. Nguyen Tien Dung of MB Securities advises against averaging down on currently declining stocks, stressing that this is the time to preserve capital and position for the next cycle. He suggests a conservative portfolio allocation, maintaining an equity exposure of approximately 50%.

The expected rotation of capital is clear: funds are anticipated to move out of the recently overbought sectors and into previously overlooked segments that show attractive valuations and improving fundamentals. The MBS expert specifically flagged the banking sector (e.g., CTG, ACB) as a continuing pillar of support for the overall market structure. However, new opportunities for the coming cycle are emerging in sectors that have “lagged the market” but show strong underlying health, including technology/telecom (CTR, VGI), energy(HDG, POW), and oil & gas (GAS, PVD).

This consolidation phase is viewed by most experts as a necessary re-accumulation period following the market’s four-month ascent, not the start of a sustained bear trend. The crucial inflection point remains the 1,600–1,620 point area; a decisive break below this zone is considered a low-probability, high-impact negative scenario that could force a test of 1,550 points before the year closes. Investors must be disciplined now to capitalize when the market identifies its new leadership for the next growth phase.

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