Seven Suspects Arrested in “Horrific” Robbery at Kim Hung Jewelry Store in California

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Authorities in San Jose, California, announced on October 3 that seven suspects have been arrested in connection with a violent daylight robbery at Kim Hung Jewelry, a Vietnamese-owned store that shocked the local community last month.

According to a statement cited by the Associated Press, the robbery occurred around 2:00 p.m. on September 5, when multiple suspects—at least one of them armed—stormed into the jewelry shop.

SUV crashes into storefront, chaos caught on camera

Surveillance footage from Kim Hung Jewelry shows the store owner standing behind a display counter as the rear of an SUV smashes through the glass window and front entrance. Within seconds, about 16 masked robbers, mostly dressed in black, rushed inside the shattered storefront.

One assailant used a hammer to smash display cases just inches from the owner. Another suspect pushed an elderly man to the ground as he tried to intervene. In mere moments, the showcases and shelves were stripped bare.

As the group fled, one robber was seen pointing a handgun at a staff member while another searched the employee’s pockets. The crew then escaped in several vehicles before police arrived, authorities said.

“The suspects fled the scene before officers could respond,” San Jose police confirmed.

Vietnamese shop owner hospitalized after stroke

Chris Moore, a local housing association board member, wrote on social platform X (formerly Twitter) that the 88-year-old owner of Kim Hung Jewelry suffered a stroke during the incident and was rushed to the hospital. He also sustained multiple cuts from shattered glass.

In response to Moore’s post, San Jose Mayor Matt Mahan condemned the crime as “horrific,” urging swift justice and stronger community protection.

Police arrest seven suspects, uncover drugs and weapons

As of October 3, San Jose police confirmed the arrest of seven suspects linked to the robbery:

  • Angel Herrera (21)

  • Toddisha Mayfield (31)

  • Zakhari Blue-Gordon (23)

  • Tom Donegan (19)

  • Jacques Samuel (18)

  • Cisco Lutu (18)

  • Amari Green (21)

During search operations tied to the arrests, investigators reportedly found evidence from the Kim Hung Jewelry robbery, along with a firearm, loaded magazine, ammunition, and a large quantity of suspected cocaine, according to KRON-TV.

A shocking attack on a long-standing Vietnamese business

The brutal robbery has sparked outrage and fear among Vietnamese-American business owners across California, many of whom say they feel increasingly vulnerable to organized thefts.

Authorities have not ruled out the possibility that the Kim Hung Jewelry attack is connected to other similar robberies in the Bay Area.

Mayor Mahan called the incident “deeply disturbing,” adding that the city “will continue to pursue justice for victims and ensure safety for all residents and business owners.”

Livestream Selling Helps Mountain Farmers in Tu Mo Rong Earn Beyond Expectations

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Thanks to livestream selling on social media, ethnic Xo Dang farmers in Tu Mo Rong commune (Quang Ngai Province, Vietnam) are earning stable incomes and transforming their livelihoods. The “online marketplace” model is becoming a powerful tool for economic growth in remote mountain regions.

From local markets to online streams

Every weekend, the traditional market in Tu Mo Rong buzzes with excitement. Among stalls filled with forest herbs, roots, bananas, and wild vegetables, a new scene stands out: ethnic villagers holding up smartphones and livestreaming their farm produce.

“In the past, I could only sell vegetables at the village market,” said Y Khuong, a Xo Dang woman from Ngoc Leng village, smiling as she adjusted her camera. “Now, with my phone and some guidance, I can show my products online and reach more customers. My income is much more stable.”

In Ty Tu village, Vi Van Chom was shy during his first livestream. But with hands-on training from local officials, he soon mastered how to take photos, film short videos, and introduce forest vegetables, bamboo shoots, and cassava to online buyers.

“At first it felt strange, but the results were unbelievable. Every time I go live, I get new orders,” Chom said proudly.

Community tech teams: “Digital guides” for ethnic farmers

Recognizing the potential of local specialties like forest ginseng, five-flavor berries, and wild bananas, Tu Mo Rong commune established a community digital technology team to bring e-commerce closer to ethnic households.

Officials don’t just teach digital skills — they join villagers at the markets, help set up livestream booths, demonstrate how to describe products clearly, and share posts across Facebook and Zalo groups to attract customers.

“At first, people were hesitant to appear on camera. We had to guide them step by step — how to hold the phone, how to talk, how to upload posts. But now they’re confident and eager to go live,” said Tran Thi Phuc, head of the commune’s Women’s Union.

Local leaders lead by example

Tu Mo Rong’s leaders are not just promoting digital tools — they’re using them. During the “Zero-VND Market” event on October 3, Commune Chairman Tran Quoc Huy and other officials joined villagers in a hands-on livestream training session combined with folk games to create a lively, community-driven atmosphere.

“We want our people to move beyond traditional markets and reach the wider online world,” said Chairman Tran Quoc Huy. “Digital livestreaming helps Tu Mo Rong’s produce find stable markets, improve incomes, and promote sustainable poverty reduction.”

A new chapter for Vietnam’s highland farmers

From traditional traders to confident digital sellers, the people of Tu Mo Rong are proving that technology can bridge the gap between mountain communities and global markets. Each livestream is not only a sales opportunity — it’s a story of empowerment, innovation, and cultural pride.

Ancient Halley’s Comet Debris to Light Up Vietnam’s Skies Tonight

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HANOI — Stargazers in Vietnam are in for a celestial treat as the Orionids meteor shower, originating from the ancient and famous Halley’s Comet, begins to grace the night sky starting this evening, October 2nd.

According to Space.com, this annual astronomical event allows observers to witness fragments of Halley’s Comet burning up as they enter Earth’s atmosphere, creating spectacular streaks of light.
When and How to Watch

The Orionids meteor shower will be visible in Vietnam’s skies from tonight through November 12th. The shower is renowned for producing bright, persistent trails that paint the night sky. This phenomenon occurs each year as the Earth passes through the dense trail of debris left behind by Halley’s Comet (official designation 1P/Halley).
While the shower starts now, the peak activity for 2025 is expected around October 20th and 21st. During this period, under ideal dark sky conditions, viewers can anticipate seeing 10 to 20 meteors per hour. However, some experts, including the American Meteor Society, predict the peak might occur slightly later, on the nights of October 22nd and 23rd.

Tips for the Best Viewing Experience

To make the most of the Orionids, it’s best to watch in the hours after midnight, especially during the peak dates. This year’s peak coincides with the new moon phase, meaning the sky will be naturally darker without interference from moonlight.

The meteors will appear to radiate from a point near the constellation Orion, which will be visible above the southeastern horizon in the early morning hours of mid-October.

For optimal viewing, experts recommend the following:

  • Don’t look directly at the radiant point. Instead, find a large, open patch of the night sky to see the longest and most spectacular meteor trails.
  • Allow your eyes to adjust. It takes about 30 minutes for your eyes to fully adapt to the darkness, which will help you spot more of the fainter meteors.
  • Check the weather. Clear skies are essential for a good meteor-watching session.

The Legacy of Halley’s Comet

Scientists often refer to the Orionids as the “legacy of Halley’s Comet.” The meteors are, in fact, dust particles shed by the comet during its previous passages around the sun.

The Orionids is the second meteor shower produced by Halley’s Comet each year, with the first being the Eta Aquarids in May. Halley’s Comet itself takes approximately 76 years to orbit the sun and is next expected to be visible from Earth in 2061. The release of these meteoroids into space is part of the natural process of a comet’s life, as all comets eventually disintegrate into clouds of meteoroids.

Is Foreign Selling After a Market Upgrade a Cause for Concern? Insights from Vietnam’s Path

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Hanoi – The anticipation surrounding a stock market upgrade—moving from Frontier to Emerging, or Emerging to Developed status—often fuels expectations of a significant surge in foreign capital. Global fund managers, particularly passive ones, typically allocate funds in line with major indices like MSCI or FTSE, making this hope understandable.

Yet, a closer look at market dynamics reveals a counter-intuitive pattern: in the initial phase following an upgrade announcement, foreign investors often show a tendency towards net selling. This can easily cause alarm among domestic investors. However, an analysis of market mechanisms and fund operations shows this phenomenon is often a predictable and explainable outcome.

Technical Factors Driving the Sell-Off

The primary causes of this temporary net selling are rooted in technical factors related to index restructuring:

Index Rebalancing and Transition: When a market exits the Frontier group, its stocks are removed from the Frontier index basket. Crucially, they are not immediately or fully integrated into the Emerging Market index. During this lag, funds tracking the Frontier index are forced to sell their holdings, while Emerging Market funds only begin their gradual buying process closer to the effective date of the upgrade. This temporary mismatch between supply and demand creates the short-term foreign selling pressure.

Change in Index Weighting: In the smaller Frontier group, a single country might command a significant weighting, sometimes as high as 20-30% of the index. When it transitions to the much larger Emerging Markets category, that weighting typically drops sharply to just 1-3%. This change necessitates certain funds to re-allocate their capital, selling shares to reduce their overall exposure and comply with the new index allocation rules. This reduces the expected influx of passive capital.

Profit Realization: The expectation of an upgrade often drives up stock prices before the official announcement. Foreign investors who bought into the market years ago at lower valuations often view the upgrade as an opportune moment to lock in profits and realize gains.

The Dynamics of Different Fund Types

Another key factor lies in the varying risk appetites of different fund categories, which are Frontier Market Funds: These funds typically accept higher risk for quicker returns. Following an upgrade, fund regulations often require them to divest from the market as it no longer fits their mandate, and Emerging Market Funds: These funds are generally larger, focus more on valuations, and favor long-term investment. Crucially, they tend to make substantial commitments only after the technical and institutional conditions of the upgrade are fully met.

The time delay between the mandated withdrawal of Frontier funds and the gradual, steady entry of Emerging Market funds creates the vacuum that results in temporary foreign net selling.

Historical Precedent Offers Reassurance

Historical examples demonstrate that this is a cyclical phenomenon, not a sign of lost confidence, such as Qatar and UAE (2014): When MSCI upgraded both markets from Frontier to Emerging, both experienced short-term net selling as Frontier-focused funds withdrew. However, the capital influx from Emerging Market funds soon followed, stabilizing the markets and fueling subsequent growth. Pakistan (2017): Anticipation drove a strong rally before the upgrade. Immediately after the official transition, selling pressure from Frontier funds caused a market correction. Nevertheless, capital from Emerging Market funds soon returned, solidifying Pakistan’s long-term appeal.

These historical patterns confirm that net selling post-upgrade is not a negative reflection of foreign investor sentiment but a mechanical adjustment—a consequence of index restructuring and the transition between two distinct categories of funds.

In summary, the initial foreign net selling after a market upgrade is a transient, structural step in the reclassification process. It is a confluence of technical index rebalancing, weighting adjustments, and the differential behavior of various fund groups. Investors are advised to maintain a long-term perspective and prepare for the more substantial and sustainable wave of foreign capital that is historically shown to enter the market over the medium to long term.

New Typhoon Enter the East Sea This Weekend — Here’s What You Should Know

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Hanoi, October 1, 2025 — Vietnam’s National Center for Hydro-Meteorological Forecasting (NCHMF) has warned that the East Sea (South China Sea) may face Typhoon No. 11 between October 4–6, with powerful winds and dangerous sea conditions expected.

As of 1:00 p.m. on October 1, a tropical depression was located east of Luzon Island in the Philippines, packing winds of up to 61 km/h (level 7), with gusts reaching level 9. Moving westward at around 15 km/h, the system is forecast to strengthen into a tropical storm and then a typhoon over the next two days.

By October 2, the depression is expected to intensify to level 8 with gusts up to level 10, continuing west-northwest at 15–20 km/h. On October 3, it could become a stronger storm (level 9, gusting level 11) as it tracks further west-northwest at speeds of 20–25 km/h, potentially entering the East Sea and gaining more strength.

Meteorologists predict that from October 3 onward, strong winds of 6–7 will sweep across the northeastern East Sea, with areas near the storm’s center experiencing winds at level 8 and gusts of level 10. Wave heights are expected to reach 2.5–4.5 meters, creating rough seas.

The most severe conditions are forecast between October 4–6, when the northern East Sea — including Vietnam’s Hoang Sa (Paracel) archipelago — could be hit by winds at level 10–11, with gusts up to level 14.

Authorities have warned that vessels operating in these areas face high risks from thunderstorms, squalls, strong winds, and rough seas. Fishermen and shipping operators have been urged to closely monitor weather updates and take precautions.

This development comes just days after Typhoon Bualoi brought deadly storms and flooding to several provinces in Vietnam, raising concerns about a challenging storm season ahead.

Motorbike Mechanics in Hanoi Dubbed “Kings of All Jobs” During Storm Season

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After days of torrential rain brought by Typhoon Bualoi’s circulation, motorbike repair shops in Hanoi have become some of the busiest places in the city—so busy, in fact, that locals are jokingly calling mechanics the “kings of all trades” this storm season.

At 6 a.m. on October 1, mechanic Nguyen Quyet opened his shop on Doi Can Street earlier than usual, fully aware of the hectic day ahead. “Yesterday’s rain lasted from morning until late afternoon, and many people only made it home late at night due to flooding. This morning, they rushed to get their bikes fixed in time for work,” he explained. By dawn, his phone was already ringing with customer calls, some as early as 5:30 a.m.

Flooding Leaves Hanoi Struggling

Heavy rains on September 30 left more than 80 flooded spots across Hanoi. By the morning of October 1, over 20 areas—including Duong Dinh Nghe, Hoa Bang, Phan Van Truong, Vo Chi Cong, Phuc Xa, and the Thang Long Boulevard underpass—remained waterlogged.

For motorbike owners, the floods meant a costly inconvenience. Quyet shared that minor water damage repairs, such as draining water, replacing spark plugs, and cleaning air filters, typically cost around VND 500,000–600,000 (USD 20–25). However, if riders attempted to restart their bikes with water inside the engine, it could lead to bent connecting rods or even broken pistons—pushing repair costs into the millions of dong (hundreds of U.S. dollars).

By midday, Quyet’s shop was still packed with bikes waiting their turn. The situation was mirrored across the capital, with some garages so overwhelmed that they temporarily stopped taking new customers.

“Good Business, But Only Seasonal”

While the surge in demand brings a significant boost in income—Quyet admitted that “a single rainy day’s earnings can equal half a month’s income in normal times”—he also acknowledged the challenges ahead.

Hanoi is preparing to ban gasoline-powered motorbikes within Ring Road No. 1 starting July 1, 2026, under Prime Ministerial Directive 20. This policy aims to reduce emissions and ease congestion, but it poses uncertainty for traditional mechanics like Quyet.

Electric bikes, which feature sealed engines without exhaust pipes or air intakes, are far less vulnerable to flood damage. Yet, their maintenance presents its own difficulties: spare parts are harder to source, and repairs often require specialized knowledge.

“Motorbike repair during storm season may seem like a golden job now,” Quyet said, “but the future will be very different.”

As climate change continues to intensify extreme weather, motorbike repair remains a resilient, if seasonal, business in Hanoi. But with Vietnam’s looming transition toward electric vehicles, the city’s mechanics may soon have to adapt—or risk being left behind.

 

VietinBank to Resume Cash Dividend Payout After Nearly Four Years, Allocating Over VND 2.4 Trillion in November

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Vietnam’s banking sector is seeing another major development in shareholder returns, as state-owned lender VietinBank (HoSE: CTG) has announced plans to distribute cash dividends for the first time in nearly four years.

According to a resolution recently approved by the bank’s Board of Directors, VietinBank will close its shareholder list on October 15, 2025, to pay a cash dividend of 4.5%, equivalent to VND 450 per share. The payment date is set for November 17, 2025.

With nearly 5.37 billion shares outstanding, the lender is expected to disburse over VND 2.4 trillion (approx. USD 94 million) to shareholders. The last time VietinBank made a cash dividend payment was at the end of 2021, when it distributed an 8% dividend.

The move follows Vietcombank’s (HoSE: VCB) recent announcement to pay a 4.5% cash dividend on October 24, 2025, reflecting a broader trend among Vietnam’s “Big 4” state-owned commercial banks (Vietcombank, VietinBank, BIDV, Agribank) to return more profits to shareholders.

Capital Increase Plan Through Stock Dividend

Beyond cash dividends, VietinBank is also pursuing a significant capital increase. The bank’s 2025 Annual General Meeting approved a plan to issue shares to existing shareholders, aimed at raising its charter capital from VND 53.7 trillion to VND 77.7 trillion—a 44.6% increase.

This will be carried out by issuing up to 2.4 billion new shares, funded by retained earnings from 2009–2016 and profits from 2021–2022. The specific issuance timeline will be determined by the Board of Directors, pending regulatory approval.

The return to cash dividend payouts underscores VietinBank’s improving profitability and capital buffer, signaling resilience in Vietnam’s banking sector despite macroeconomic headwinds. For international investors, this development highlights both dividend income opportunities and the potential for long-term capital appreciation as VietinBank strengthens its capital base.

Vietnamese stock market takes a breather after four-month surge

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Vietnam Insider – The Vietnamese stock market is currently navigating a period of sideways trading and consolidation, reflecting investor caution ahead of several significant information announcements. This pause comes after an extraordinary four-month rally that saw the VN-Index surge by approximately 37%.

September marked a month of fluctuation but without a clear trend, with the VN-Index closing down modestly by about 20 points (). This slight dip broke a notable four-month winning streak, which had previously added over 450 points to the index. The long ascent with only brief corrective phases has naturally led to profit-taking pressure near the 1,700-point peak.

Domestic Money Provides Crucial Support

Despite continued strong net-selling by foreign investors, the domestic cash flow has been the primary engine keeping the market resilient. The sustained low interest rate environment in Vietnam is a key factor supporting this influx of local capital into the stock market. However, overall investor sentiment remains cautious as they await major developments.

Eyes on FTSE Russell: A Potential Market Upgrade

The immediate focus for the market will be on FTSE Russell’s semi-annual market classification reviewresults, expected to be announced on October 8th (after the close of the US market on October 7th).

High Hopes for Upgrade: Market analysts widely believe there is a strong possibility that FTSE Russell will upgrade Vietnam from a Frontier Market to a Secondary Emerging Market.

Government Commitment: The Vietnamese government has been actively focused on implementing reforms to achieve this upgrade. Finance Minister Nguyen Van Thang recently highlighted “vigorous reforms and policies” enacted to create favorable conditions for foreign investment.

Analyst Confidence: Nguyen Duy Hung, Chairman of SSI, recently stated the upgrade has a “90% plus” probability of being announced in early October. Huang Bo, CEO of Guotai Junan Vietnam (IVS), echoed this optimism, calling it the “biggest opportunity ever” for an upgrade, which he predicts could attract billions of USD in foreign capital and provide a powerful long-term boost to the VN-Index.

While a successful upgrade is not considered a panacea, it is seen as a crucial step, with satisfying MSCI criteria remaining another key goal.

Upcoming Q3 Earnings Season

Beyond the upgrade narrative, the market is also preparing for the Q3 financial reporting season, with peak announcements expected toward the end of October. Early projections from brokerage houses and company estimates are starting to surface, promising another round of impactful information for the market.

Brokerage firms themselves are anticipated to report a strong earnings season, particularly due to robust proprietary trading activities. Furthermore, key sectors such as banking, real estate, construction, steel, and retail are widely projected by various brokerages to show significant year-over-year growth.

Outlook: Optimism with a Call for Prudence

The impending flow of information—particularly the FTSE Russell decision and the Q3 earnings reports—is generally expected to have a positive impact on the Vietnamese stock market.

While optimism is high, investors are advised against complacency. Official confirmation on all fronts is still pending. The current period of consolidation could be a healthy break, and investors should remain vigilant to avoid short-term volatility causing them to miss out on attractive long-term opportunities.

Tornado Devastates Ninh Bình, Killing Nine and Leaving Dozens Injured

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NINH BÌNH, Vietnam — A powerful tornado struck multiple communes in Ninh Bình Province before dawn on September 29, leaving at least nine people dead, 18 injured, and hundreds of homes damaged or destroyed.

In Phú Bình village, Nguyễn Minh Đức, 29, recalled being lifted from his bed by the violent winds. His grandparents were buried under collapsed walls but survived with broken bones. Others were less fortunate: two elderly residents were killed when their home caved in.

Entire neighborhoods were left in ruins. Roofs were torn away, concrete walls leveled, and water tanks, vehicles, and furniture scattered hundreds of meters. “It felt like a bomb went off,” said Hoàng Thị Hường, 58, who survived by sheltering in a corner as her roof was ripped off.

Authorities reported 11 homes collapsed, 126 unroofed, five schools and a health station damaged, along with temples and markets. Families are now clearing debris, some borrowing money to repair homes while others shelter with neighbors.

Meteorologists said the twister was fueled by unstable weather patterns as Typhoon Bualoi’s circulation collided with lingering remnants of another storm and a northern cold front. The same system triggered tornadoes in Hưng Yên, Hải Phòng, and Quảng Ninh, causing additional deaths and injuries.

“We just want a roof and a bed so my sick wife has somewhere proper to rest,” said 82-year-old Nguyễn Văn Thủ, whose house was destroyed.

Billionaire Thao’s Ecosystem Enters Vietnam’s Crypto Exchange Race with Trillion Capital Target

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A new major contender, backed by the ecosystem of Vietnamese billionaire Nguyen Thi Phuong Thao, has officially entered the race to establish a formal digital asset exchange in Vietnam. This move immediately follows a significant fundraising plan by an affiliated securities firm, signaling an aggressive push into the newly opening regulated crypto market.

HDEX Established with Massive Capital Ambitions

On September 25, 2025, HD Digital Asset Exchange JSC (HDEX) was officially established with an initial charter capital of billion. The company is strategically headquartered in Ho Chi Minh City.

The shareholder structure of HDEX reveals its roots deep within the billionaire’s corporate network: HD Securities (HDBS), an affiliate of HDBank, holds a stake. The remaining is held by Galaxy Pay Co., Ltd. and Galaxy Technology Services JSC.

These two Galaxy entities are members of Galaxy Holdings (Galaxy Digital Holdings Co., Ltd.), the digital technology group under Sovico Group. Notably, Galaxy Holdings was initially led by Ms. Nguyen Thi Phuong Thao herself until July 4, 2025, when Mr. Huynh Kim Tuoc—a specialist with over years of experience in digital transformation and technology, and who helped lay the groundwork for Google and YouTube in Vietnam—was appointed Chairman and CEO. Mr. Tuoc also chairs the Board of Directors at HDEX.

Securities Arm Signals Trillion Capitalization Plan

The formation of HDEX comes just days after HDBS announced an ambitious plan to seek shareholder approval for raising over trillion by offering more than million shares to existing shareholders.

Crucially, the capital utilization plan earmarks approximately trillion to be invested into a digital asset exchange company—strongly indicating HDEX. This company is projected to ultimately raise its charter capital to a massive trillion ( million).

This substantial capital target is directly linked to recent regulatory developments.

Regulatory Framework Drives Institutional Entry

The timing of this investment rush is propelled by a new legal framework. Resolution 05/2025/NQ-CP, issued by the Government on September 9, 2025, permits the pilot implementation of a digital asset market in Vietnam.

This resolution sets strict requirements for operating an exchange, including: A minimum charter capital of trillion. At least of the capital must be held by a minimum of two institutions, such as banks, securities companies, fund managers, or insurance firms.

This mandate explains the necessity for HDEX’s massive capital increase plan and the strategic involvement of affiliated financial institutions like HDBS and HDBank.

The Race to Formalize Crypto Trading

The Sovico/HDBank ecosystem is not alone. Vietnam’s digital asset exchange market is attracting major financial players, signaling a nationwide effort to transition crypto trading from informal, international platforms to a regulated, domestic financial market.

Other prominent names entering the fray include CAEX, backed by VPBankS, VIXEX, backed by VIX Securities, TCEX, linked to TCBS and MB Bank’s cooperation with Korea’s Dunamu (operator of the Upbit exchange).

The participation of these major institutions is a bullish sign for the formal integration of digital assets into Vietnam’s financial system. According to Chainalysis, crypto inflows to Vietnam reached over billion between June 2024 and July 2025. VinaCapital estimates that approximately million Vietnamese own crypto assets, though most currently trade on international platforms. This institutional push aims to capture and regulate that immense volume domestically.

ADB Lifts Vietnam’s GDP Growth Forecast to 6.7% for 2024 Amid Strong Exports and FDI

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The Asian Development Bank (ADB) has raised its forecast for Vietnam’s economic growth this year to 6.7%, citing buoyant exports and robust Foreign Direct Investment (FDI) despite the counter-tariffs imposed by the US. This new projection, announced on September 30, represents a 0.4 percentage point increasefrom the ADB’s figure two months prior.

Drivers of Optimism

Mr. Nguyen Ba Hung, an ADB economic expert, noted that the upgrade is based on several positive economic factors in the early months of the year. Both export activity and foreign investment have continued to climb, even with the influence of US tariffs. Mr. Hung highlighted Vietnam’s strong competitive advantage, observing that its tariff exposure is “not significantly worse than regional trade partners.” This optimistic outlook is shared by others: UOB Bank recently lifted its 2024 GDP forecast to 7.5%, and the World Bank (WB)projects full-year growth could reach 6.6%. The Vietnamese government has set a higher national target of 8.3-8.5% GDP growth for the year.

Trade and Investment Performance

Vietnam’s trade and investment figures through August have been strong. Exports surged by 14.8%, totaling around $306 billion. The US market saw the most substantial growth, up 26.4% year-on-year, while China and Japan also recorded increases. Concurrently, FDI disbursement—capital actually deployed—remained vigorous, growing 8.8% year-on-year to $15.4 billion. An ADB representative stressed this is the highest eight-month disbursement level in five years, demonstrating the confidence of existing foreign firms. However, a slight caution emerged as newly registered FDI capital fell by 8.1%, which the expert attributes to the “hesitation” of new investors due to global trade uncertainty.

Near-Term Challenges and Policy Focus

The ADB anticipates that growth will moderate in the remaining months of the year as exports start to absorb the impact of the new US counter-tariffs, effective since early August at a 20% rate on certain Vietnamese goods. The vigorous export growth in the first eight months was partly driven by a temporary surge as companies accelerated production to pre-empt the new tariffs. This slowdown is also reflected in the Purchasing Managers’ Index (PMI), which returned to the 50-point balance mark in August after July’s positive growth, suggesting a plateau in future orders.

Despite this near-term cooling, the ADB forecasts the economy will remain robust into 2025-2026, supported by expansionary fiscal and monetary policies. Mr. Shantanu Chakraborty, ADB Country Director for Vietnam, emphasized that better coordination between fiscal and monetary policy is key to avoiding undue pressure on monetary tools and safeguarding macro-financial stability. The bank also noted high credit growth—18%through August against a full-year target of 16%—which, while fueling growth, poses a potential macro risk if short-term credit is disproportionately directed toward non-productive assets like gold or stocks. The ADB’s long-term recommendations focus on comprehensive legal reforms to address climate change and enhance private sector competitiveness, alongside modernizing the tax system and promoting digital transformation. For 2026, the ADB projects economic growth at 6% with inflation at 3.8%.

Foreign Investors Extend Selling Streak, Dump Nearly $16 Million in Real Estate Stock on Mixed VN-Index Close

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Hanoi, Vietnam – September 30, 2025 – The final trading session of September 2025 saw the Vietnam stock market trade in a narrow, indecisive range, with the benchmark VN-Index closing down slightly by nearly 5 points to settle at 1,661.7 points. Total matching order value on the Ho Chi Minh Stock Exchange (HoSE) reached approximately 29.155 trillion VND.

Persistent Net Selling by Foreign Bloc. Foreign investors continued their net selling trend, booking a substantial net outflow of 1.268 trillion VND (approximately $51.5 million) across the entire market.

HoSE: Heavy Selling Dominates

On the HoSE, the foreign bloc was a net seller to the tune of approximately 1.280 trillion VND.

The selling pressure was most concentrated in the real estate sector, with stock KDH (Khang Dien House Trading and Investment) being the hardest hit, recording a massive net sell value of 382 billion VND (around $15.5 million).

Other major stocks also faced significant selling HPG (Hoa Phat Group) was net sold by 172 billion VND and FPT, SSI, and VHM all saw net selling in the range of 103 to 121 billion VND each.

Selective Buying Focus

Despite the overall selling, foreign investors selectively purchased several key stocks, such as CII (Ho Chi Minh City Infrastructure Investment) and SHB (Saigon-Hanoi Commercial Joint Stock Bank) led the net buying across the market with values of 90 billion VND and 82 billion VND, respectively. Other banking and infrastructure-related stocks such as TCB, LPB, and TAL also attracted net buying, with values ranging from 56 billion VND to 75 billion VND.

Other Exchanges See Mixed Flows

HNX: Small Net Inflow

On the Hanoi Stock Exchange (HNX), foreign investors recorded a small net buying total of just over 18 billion VND. CEO and MBS were the primary targets, with net purchases of 25-45 billion VND. However, IDC saw significant net selling of 42 billion VND, followed by PVS with 23 billion VND in net sales.

UPCOM: Marginal Net Outflow

The UPCOM market registered a marginal net selling of 6 billion VND. ACV (Airports Corporation of Vietnam) was the main stock sold, with a net value of 20 billion VND. On the buy side, VEA and DDV saw small net purchases ranging from 3-6 billion VND.

Hanoi Commuters Struggle for Hours Amid Heavy Rain and Flooding

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Torrential rain from Tropical Storm No. 10 brought severe flooding and traffic paralysis to Hanoi on the morning of September 30, forcing many residents to abandon vehicles or spend hours inching their way to work and school.

Some commuters reported journeys taking up to three hours. Hải Anh, 28, left early from Thanh Xuân District for her office in Cầu Giấy but still endured gridlock. “Normally it takes me 45 minutes. Today it was nearly three hours,” she said, describing vehicles at a standstill along Phạm Hùng Street as thousands converged from major arteries.

Flooded roads left many stranded. Đức, 35, said his motorbike stalled in deep water near Mỹ Đình Stadium. “I had to push it for 400 meters. With no repair shop in sight, I gave up and went home,” he said.

Parents also struggled to get children to school. Nguyễn Trang, 30, attempted to take her son to class but was forced to turn back after her motorbike stalled in heavy rain. “We were soaked through, and cars created waves that nearly knocked us off,” she recalled.

By 7 a.m., major intersections such as Trôi–Lai Xá in Hoài Đức District were submerged, with vehicles turning back in long lines. Residents said flooding was the worst they had seen in more than a decade.

Hanoi Drainage Company reported rainfall of up to 198 mm in some districts within 24 hours. Pumping stations across the city, including Yên Sở, Cầu Bươu, and Đồng Bông, have been operating at full capacity to ease water levels, though conditions remain severe in several neighborhoods.

China Sentences 16 to Death Over Myanmar-Based Fraud and Murder Ring

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A court in Wenzhou, Zhejiang Province, on September 29 sentenced 16 people to death for their roles in a notorious Myanmar-based criminal network accused of online fraud, drug trafficking, prostitution, and multiple murders.

According to state broadcaster CCTV, prosecutors found that since 2015, the Ming family syndicate had exploited its influence in Myanmar’s Kokang region to establish scam compounds and coordinate large-scale criminal operations. The group was accused of running online fraud schemes, drug deals, illegal casinos, and sex trafficking rings.

The court said the syndicate used violence to control its operations, killing at least 14 people — including 10 who tried to escape or disobey orders. In one case in October 2023, gunfire erupted at a scam compound as gang members attempted to prevent victims from being repatriated to China.

Authorities revealed the group drew more than 10 billion yuan (US$1.4 billion) in financial backing from armed “sponsors.” While 16 received death sentences — five with a two-year reprieve — another 23 defendants were handed prison terms ranging from five years to life.

The verdict comes as China steps up cross-border cooperation with Southeast Asian countries to dismantle such scam hubs. Thousands of people have been repatriated from Myanmar in recent months.

The UN Office on Drugs and Crime has warned that cyber-fraud networks, many led by Chinese nationals, are generating tens of billions of dollars annually and are expanding beyond Southeast Asia to Africa, Latin America, the Middle East, Europe, and the Pacific. An estimated hundreds of thousands of people are trapped working in these compounds worldwide.

Landslide in Sa Pa Sweeps Car Off Mountain Road

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A landslide triggered by heavy rain in Sa Pa (Lào Cai Province) on September 29 sent a car tumbling down a mountainside, though the driver escaped unharmed.

At around 5:08 p.m., a section of road leading to Cát Cát village suddenly gave way, with rocks and soil crashing down onto the roadway. Dashcam footage from a following vehicle captured the moment a black car was struck and pushed off the road, sliding down the slope.

Local authorities confirmed the incident. “Fortunately, the driver is safe,” said Phan Đăng Toàn, chairman of Sa Pa Ward People’s Committee.

The car sustained significant damage after being swept downhill.

The incident comes as northern Vietnam continues to experience widespread heavy rain and thunderstorms from Tropical Storm No. 10. The National Center for Hydro-Meteorological Forecasting has warned of heightened risks of flash floods and landslides in provinces including Lào Cai, Sơn La, Phú Thọ, and Thanh Hóa, with rainfall in some areas exceeding 250mm.

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