Vietnam Insider

Andy Byron, former CEO of tech firm Astronomer and the subject of a viral Coldplay “kiss cam” moment earlier this year, has sold his New York residence for US$5.8 million.

A deed recorded on Nov. 18 by the city’s Department of Finance shows the Tribeca property was never publicly listed for sale. Records also indicate Byron remains married to his wife, Megan, with the couple’s current address registered in Massachusetts, according to Crain’s New York Business.

The condominium, purchased by the couple in 2022 for US$5.4 million, includes four bedrooms, three and a half bathrooms, an open kitchen, and a wine refrigerator, The New York Post reported.

Byron, 51, and Astronomer’s former HR director Kristin Cabot, 53, drew widespread attention in July when they were filmed embracing on a Coldplay “kiss cam.” The video quickly went viral, prompting Byron to resign from Astronomer, followed shortly by Cabot’s departure.

After the scandal, Megan, 50—described by the Daily Mail as “America’s most forgiving wife”—reverted to her maiden name, Kerrigan, on social media and moved out of the couple’s home in Northborough, Massachusetts.

In late September, Byron and Megan were seen together for the first time in months during relaxed outings near their coastal retreat in Maine, both still wearing wedding bands. A source close to Cabot told People that no affair took place, adding that the only “inappropriate” act was the hug captured at the concert.

A separate source close to Cabot told The New York Times that Byron had been separated from his wife and living apart at the time of the incident. The source also said Cabot and her husband, Andrew Cabot, 61, had been separated for several weeks before the concert. She later filed for divorce on Aug. 13 in Portsmouth, New Hampshire; both parties requested that the records remain sealed.

Vietnam has suffered severe and unusual natural disasters since the start of 2025, leaving 409 people dead or missing and causing economic losses estimated at more than VND85 trillion (US$3.4 billion), according to the Department of Dyke Management and Disaster Prevention.

Speaking at a forum on disaster forecasting and early warning on Nov. 25, officials said the country has endured a year of back-to-back storms, floods and extreme rainfall affecting wide areas.

Authorities report 727 injuries, more than 337,000 homes damaged or destroyed, and extensive losses to agriculture, including nearly 553,500 hectares of rice and crops and 376,800 hectares of other plantations inundated.

Vietnam has experienced 19 storms and tropical depressions in the East Sea this year, just one fewer than the record in 2017. Another system near the Philippines is likely to strengthen into the fifteenth storm of the year as it moves into the East Sea.

Extreme rainfall pushed 13 rivers in northern and central provinces past historic flood levels, inundating cities and low-lying areas from Hanoi and Bac Ninh to Thanh Hoa, Nghe An, Quang Tri, Hue, Da Nang, Gia Lai and Dak Lak.

Several regions suffered overlapping disasters including storms, successive floods, flash floods and landslides, especially in northern mountainous provinces and the central region, threatening dams, transport routes, infrastructure and lives.

The Nov. 16–20 floods in central Vietnam alone left 102 people dead or missing, submerged more than 200,900 homes, caused landslides at 119 locations, and damaged over 82,100 hectares of rice and crops. Initial losses are estimated at VND13.248 trillion.

Officials warn that central Vietnam faces further flood risks in the final months of 2025, with the current tropical depression near the Philippines expected to bring heavy rain to the south-central coast.

Authorities urged provinces to use periods of good weather to repair damage and prepare for the next wave of disasters.

The Ministry of Agriculture and Environment said upcoming work will focus on improving forecasting and early-warning systems, expanding rain-monitoring networks, and developing village-level risk maps. Provinces are instructed to relocate residents from high-risk zones and adjust farming practices to better adapt to natural conditions.

Vietnam will continue upgrading dykes, reservoirs and flood-control systems while enhancing communications, applying new technology and expanding international cooperation to strengthen long-term resilience as climate-related disasters become increasingly severe.

A Volvo S90 overturned on Hoang Dieu Street in Hanoi on Monday morning after the driver reportedly fell asleep at the wheel and veered into the center median.

The accident happened at around 9 a.m. on Nov. 25 as the vehicle, bearing license plate 30G-123.XX, was traveling in the direction of Phan Dinh Phung Street. Witnesses said the car suddenly swerved, struck the median strip, and flipped onto its roof.

Officers from Hanoi’s Traffic Police Division said initial findings indicate the driver nodded off while driving, causing him to lose control of the vehicle. No other cars were involved in the crash.

Police secured the scene and guided traffic around the overturned sedan while waiting for a tow truck to remove the vehicle. No information has been released about injuries.

Deputy Prime Minister Nguyen Hoa Binh says Vietnam will no longer allow non specialized universities to train in highly specific fields. Only medical universities will be permitted to train doctors, and universities without specialized expertise will not be allowed to award bachelor’s degrees in law.

Speaking at a National Assembly group discussion on Nov. 25 about national programs on healthcare, population, and education reform, Binh said Vietnam has long faced a recurring weakness: policies are sound, but implementation is inconsistent. He cited a lack of legal frameworks, inadequate resources, and weak execution as key reasons. The Politburo, he added, has ordered these issues to be resolved.

On education, the Deputy Prime Minister emphasized the goal of developing Vietnamese universities that can compete globally and improving soft skills while reducing rote learning.

He noted that many provinces rush to elevate colleges and vocational schools into universities, treating the number of universities as a benchmark for provincial achievement. This, he said, has resulted in institutions such as teacher training colleges, finance schools, and legal training centers being quickly restructured into universities without meeting proper standards.

According to Binh, the Politburo does not aim to create hundreds of universities but to establish clear criteria for internationally accredited institutions. Universities that do not meet the standards will be required to merge or dissolve. Criteria will include the number of professors, PhDs, and the fields of training each institution is qualified to provide.

He said the new policy will explicitly prohibit non specialized universities from offering certain programs. For example, only medical universities will be allowed to train doctors. Although more than 90 universities currently operate law faculties, non specialized schools will no longer be permitted to issue law degrees and may teach law only as a supporting subject.

He also highlighted concerns about postgraduate quality, particularly professors holding multiple part-time positions at numerous universities but rarely appearing on campus or engaging in real teaching.

Binh said the resolution aims to ensure graduates meet international standards and that Vietnam can build a high quality workforce, which he described as one of the country’s key strategic breakthroughs.

Hanoi is planning to offer a subsidy of up to VND5 million (US$190) to residents who replace gasoline motorbikes with electric models, according to a proposal to be voted on by the city council this week.

The incentive applies to permanent residents and those who have lived in the city for at least two years. Buyers of electric motorbikes priced at VND10 million (US$379) or more would receive a 20 percent subsidy, capped at VND5 million.

Support is higher for low income groups: up to VND20 million for poor households and VND15 million for near poor households. Each person may receive support for one vehicle until Jan. 1, 2031.

The proposed subsidy is significantly higher than the Department of Construction’s earlier recommendation in July, which capped support at VND3 million.

Hanoi also plans to reduce registration and number plate fees by 50 percent for residents switching to clean energy motorbikes. Buyers using installment plans would receive a 30 percent subsidy on loan interest for 12 months. Transport operators such as bus and taxi companies would receive full fee subsidies when transitioning to electric vehicles.

The city intends to require apartment complexes, commercial buildings, hospitals, and other public facilities to convert at least 15 percent of parking spaces into electric charging points. New buildings must allocate at least 30 percent.

Hanoi will begin banning gasoline motorbikes from downtown areas in July 2026 and plans to restrict most fossil fuel vehicles by 2030. The city currently has about 6.9 million motorbikes, and officials say gasoline powered models account for roughly 60 percent of local air pollution.

A Malaysian man who landed at Tan Son Nhat International Airport on Monday morning was found dead hours later on the Trung Luong Expressway, with no vehicles present at the scene.

Around 1 p.m., drivers traveling from Ho Chi Minh City toward the Mekong Delta spotted a body lying near the median strip as they passed My Loi Commune in Dong Thap Province. Motorists swerved into the next lane to avoid it and immediately notified police.

The victim was wearing trousers and a black long sleeve T shirt and had multiple head and facial injuries. One white sneaker was missing. No cars, motorbikes or other vehicles were found nearby.

Traffic slowed as investigators examined the scene, causing brief congestion.

Authorities identified the man as Aeron Lee Khei Chen, a Malaysian national. Police are reviewing camera footage from the expressway to determine what happened.

Prosecutors say a covert cross-border pipeline moved 546 kilograms of gold worth about VND1.208 trillion (US$45.8 million) from China into Vietnam, hiding one-kilogram bars in shoes, burning off identifying marks, and feeding the metal into Hanoi’s jewelry market in cut-up pieces.

According to an indictment released on Nov. 24, authorities have charged Tran Thi Hoan, the actual operator of the Hoan Hue gold shop in Lao Cai Province, along with former Thang Long Trading and Services Company director Pham Tuan Hai and six employees and associates for allegedly running the smuggling network.

Three executives from Vietnam Gold Company have also been charged in a related case involving major accounting violations. All 11 defendants will stand trial before the Hanoi People’s Court.

Investigators say Hoan capitalized on the large price gap between domestic and international gold and exploited weak border oversight in 2024. The indictment describes how a supplier known only as “Fat Lady” (Ba Beo) entered Vietnam in September, visited Hoan’s shop, and later offered 99.99 percent raw gold at prices below the domestic market.

Deals were conducted over WeChat. Couriers were allegedly paid VND250,000 (about US$10) per kilogram to move gold across the Lao Cai border gate.

To avoid detection, smugglers hid one-kilogram ingots in their shoes, taking advantage of screening that did not require footwear removal. After delivery, Hoan’s staff weighed and photographed the bars, then used heat torches to remove markings and cut the gold into smaller pieces.

Between Sept. 17 and Nov. 27, 2024, Hoan allegedly bought 97.3 kilograms of gold from this supplier, worth VND208 billion.

Prosecutors say the network expanded when Hoan partnered with Hai, who sourced gold from a Chinese seller named Chau and arranged additional smuggling routes. Couriers sometimes strapped gold around their waists to cross the border. When Hoan struggled to make payments, Hai and Hoan’s staff allegedly sold the gold directly in Hanoi, with Hai collecting the proceeds.

Authorities concluded that from Sept. 2 to Dec. 2, 2024, Hai smuggled 424 kilograms of gold worth VND943 billion into Vietnam. He initially denied involvement but later admitted to smuggling.

Forensic tests by the Ministry of Public Security found that jewelry seized from Hoan Hue, including rings, necklaces, and bracelets, had gold purity levels between 99.92 and 99.95 percent.

Hoan is accused of earning VND100 million from the scheme. Hai says he profited VND449 million, roughly VND1 million per kilogram, although prosecutors charged him based on smuggling volume, not profit.

In the related case, Vietnam Gold Company is accused of operating two accounting systems: Vacom for tax reporting and QLVang for actual transactions. Prosecutors say chairwoman Tran Nhu My and deputy director Phung Thi Thuyet recorded unreported gold trades and routed payments through bank accounts of 30 acquaintances.

As a result, the company allegedly earned VND4.243 trillion in 2023 but reported only VND646 billion for tax purposes. In the first half of 2024, it reportedly made VND5.726 trillion while declaring just VND332 billion. Investigators estimate the scheme caused more than VND5 billion in tax losses.

Pham Nhat Vuong has entered the top one hundred richest individuals in the world for the first time after Vingroup shares surged again on November 25.

Vingroup stock climbed for the seventh consecutive session to 246,400 dong, while Vinpearl and Vincom Retail also posted gains. The rise added about 1.4 billion dollars to Vuong’s net worth, lifting his total to 22.5 billion dollars and placing him at number one hundred on Forbes’ real time ranking, ahead of Tether co founder Giancarlo Devasini.

Forbes first listed Vuong as Vietnam’s inaugural billionaire in 2013 with assets of 1.5 billion dollars. His net worth has increased fifteen times over the past decade. This year, Vingroup shares have grown sixfold, pushing the group’s market capitalization to nearly 950 trillion dong, the highest on Vietnam’s stock market.

Vuong directly holds 389.9 million Vingroup shares, equal to 10.1 percent, while his family and private entities control about 65 percent of the group. He also owns nearly half of VinFast through two private companies.

Vingroup’s business network has expanded rapidly. In October, Vuong and his family launched new firms in steel, eldercare, and entertainment. Earlier this month, he founded VinSpace, a company focused on aircraft, spacecraft, satellite manufacturing, and air cargo equipment, holding a 71 percent stake.

According to its latest financial report, Vingroup’s total assets reached more than 1.08 quadrillion dong by the end of the third quarter, up 30 percent from the beginning of the year, making it the first private enterprise in Vietnam to reach this scale.

Vietnam has recorded one of its largest disaster relief mobilizations in recent years as more than one million donors contributed over two trillion dong to support families devastated by severe floods and landslides across the country.

The Vietnam Fatherland Front reported on November 25 that total registered contributions reached 2.088 trillion dong. More than one million individuals and close to sixty one thousand businesses donated through the national relief fund. Of this amount, 1.118 trillion dong has already been transferred directly to affected provinces. Another 970 billion dong was delivered through bank transfers or cash contributions to the central relief committee.

Officials pledged that all funds will reach the hardest hit communities as quickly as possible.

The floods have left entire villages isolated for days. In Dak Lak province, hundreds of households along the Ban Thach River remain surrounded by water more than a week after record breaking rainfall.

Since October, Fatherland Front offices in thirty four provinces have launched local campaigns and direct support programs, bringing total nationwide fundraising to more than 3.2 trillion dong. The central committee has already distributed nine rounds of aid, allocating 678 billion dong to twenty three provinces.

Gia Lai received 45 billion dong. Dak Lak received 40. Quang Tri received 55.5. Hue, Da Nang, and Nghe An each received between 40 and 40.5. Provinces with lighter damage received between 5 and 25 billion dong. In addition, organizations and local authorities distributed another 118.5 billion dong directly to affected communities. Vingroup, through its Thien Tam Foundation, has released more than 350 billion dong.

Ho Chi Minh City has also played a major role. As of November 25, the city had collected close to thirty nine thousand donations worth more than 288 billion dong in cash, food, medicine, and essential supplies. The city has already delivered more than 190 billion dong to disaster zones along with nearly three thousand tons of essential goods.

Under a directive from the central government, Ho Chi Minh City is supporting Khanh Hoa with 50 billion dong and delivering ten thousand life jackets, ten thousand medical kits, and more than two thousand four hundred tons of relief goods. On November 25, the city approved another 10 billion dong and five hundred tons of supplies for Dak Lak.

The scale of the disaster is severe. National disaster authorities report that storms and floods this year have caused 409 deaths and disappearances, injured 727 people, and destroyed or damaged more than 337 thousand homes. Hundreds of thousands of hectares of crops have been lost and livestock deaths have climbed into the millions.

From November 15 to 21, the south central region received extreme rainfall between 300 and 600 millimeters, with some stations recording more than 1,800 millimeters. Rivers in Phu Yen and Ninh Thuan exceeded historic flood levels. The week of flooding killed 102 people, inundated more than 200 thousand homes, and caused economic losses of more than 13.2 trillion dong.

Vietnam continues to face rising climate risks, and this year’s floods underline the growing pressure on infrastructure, agriculture, and vulnerable communities.