The Child Mothers of the Philippines

Advertisements

At six months pregnant, Clara, 14, has never seen a doctor and knows little about the health of her unborn baby.

She lives in Baseco, a crowded district in the heart of Manila facing Manila Bay, home to more than 64,000 people. Houses here are built from scraps of concrete, wood, and rusted tin sheets, vulnerable to flooding and disease. Clara, who hopes to give birth to a baby boy, says her school never offered sex education.

“If I had learned more about reproductive health,” she says softly, “maybe I wouldn’t be pregnant at such a young age.”

Clara’s story is far from unique. It lies at the center of a national debate in the deeply Catholic Philippines, where religion shapes every aspect of life. The issue of whether schools should provide sex education has divided lawmakers, health experts, and church leaders — even as the number of girls aged 10 to 14 becoming pregnant continues to rise at an alarming rate.

The Philippines now has one of the highest rates of teenage pregnancy in Asia. According to the Commission on Population and Development, while pregnancies among 15–19-year-olds have slightly declined, cases among girls aged 14 and younger have surged by 38% in just four years — from about 2,400 in 2019 to over 3,300 in 2023.

Authorities have long called it a “national social emergency.” Yet more than a decade of legislative debate has produced little progress. The Prevention of Adolescent Pregnancy Bill, first introduced in 2010, remains stalled amid strong opposition from conservative religious groups. The latest version — which seeks to mandate Comprehensive Sexuality Education (CSE) and ease access to contraceptives — still faces an uncertain future.

Under current law, minors under 18 must have parental consent to purchase or use contraceptives — a restriction many experts describe as one of the biggest barriers.

“Whether we like it or not, the data clearly show that adolescents are sexually active,” said Senator Risa Hontiveros, the bill’s principal author. “This law is essential to help them protect themselves.”

But such views clash with the country’s moral foundations. In the Philippines, where 80% of the population is Catholic, sex outside marriage remains taboo, and abortion is illegal in all cases, including rape or incest.

The consequences of this cultural and political deadlock fall hardest on children.

“Most teenagers I meet have almost no understanding of reproductive health,” said Dr. Irene Marie Rubio of Manila’s Jose Fabella Memorial Hospital. “Some don’t even know that sex can lead to pregnancy.”

One of them is Jude, 15, who dropped out of school at eight months pregnant and moved in with her 21-year-old boyfriend.

“He was the first person to teach me about sex,” she said.

A USAID-funded study found that, on average, there is a seven-year age gap between young mothers and their partners in the Philippines — often reflecting power imbalances and lack of consent.

“Girls under 16 are three times more likely to die from pregnancy-related complications than adult women,” warned Dr. Junice Melgar, executive director of the NGO Likhaan. “Their bodies aren’t ready — and psychologically, neither are they. Stigma makes them afraid to seek help.”

While lawmakers argue, groups like Likhaan are stepping in. Volunteers visit poor communities to teach teenagers about sex and consent, train parents to talk to their children, and distribute condoms to young men.

For Clara, those efforts have come too late. She is due in three months, hoping to give birth at a hospital — with only her mother by her side. Her dream of returning to school still lingers but fades under the weight of motherhood.

“I just hope one day I can finish high school,” Clara said quietly. “And that my child will have a better chance than I did. That’s my only wish.”

Mù Cang Chải Stays Quiet as Tourists Cancel Trips, Some “Rent Entire Fields” for Photos

Advertisements

Lào Cai, Vietnam – During what should be the peak of the golden rice season, Mù Cang Chải remains unusually quiet as many visitors canceled their tours earlier this week over fears of landslides and bad weather following Typhoon No.10.

On the morning of October 4, traffic on National Highway 32 through Khau Phạ Pass reopened after a landslide on October 1. Local authorities in Tủ Lệ Commune confirmed that motorbikes, cars, small trucks (under 2.5 tons), and 16-seat passenger vans can now travel through the area.

Visitors to Mù Cang Chải can once again take the route via National Highway 32 through Tủ Lệ and Khau Phạ Pass, instead of detouring through the Hà Nội–Lào Cai Expressway and Lai Châu’s Ô Quy Hồ Pass as in previous days.

“The road has reopened and the weather’s been sunny for several days,” said Lê Xuân Dương, Head of Mù Cang Chải’s Cultural Office. “However, tourist numbers remain low because people are still worried about the aftermath of the storm.”

According to local tour guides, only a few hundred tourists are in Mù Cang Chải this weekend. Even famous spots like Đồi Mâm Xôi (Round Tray Hill) and Đồi Móng Ngựa (Horseshoe Hill) — normally packed during harvest season — are nearly empty.

Thu Uyên, a local tourism operator, said all her weekend bookings, including accommodations and transport, were canceled.

“If not for the storm, we could have welcomed tens of thousands of tourists,” she said.

For those who did make the trip, the rare tranquility has been a blessing. Lê Nhàn, a visitor from Hanoi, decided to set off early on October 4 after hearing the road was open.

“I started at 4 a.m. and arrived around 11 a.m.,” she said. “I was planning to come two weeks ago but canceled due to rain. Now the weather is perfect, and it’s so peaceful — I practically have the fields all to myself!”

She described the drive between Văn Chấn and Mù Cang Chải as “devastating but passable,” with clear skies and sunshine greeting her on arrival.

Similarly, Ngọc Vũ, another visitor from Hanoi, traveled via the Nội Bài–Lào Cai Expressway and Lai Châu route on October 3.

“We were both brave and lucky to go at the last minute,” he said. “It’s surreal — golden fields, perfect weather, and almost no tourists. It’s the best photo trip I’ve ever had.”

By the evening of October 3, local transport operators had resumed selling tickets for limousine vans and buses to Mù Cang Chải. Trips depart from Hanoi at 5 a.m. and return from Mù Cang Chải at 1 p.m.

Still, Ngọc Vũ advised travelers to stay alert:

“If you can’t make it by Saturday, it’s better to postpone. Another storm could hit Sunday night, bringing rain and road damage. Safety comes first.”

Currently, the terraced fields are golden across areas such as Đồi Mâm Xôi, Đồi Móng Ngựa, Kim Nọi, and Lao Chải, though some villages like Háng Đăng Dê have already started harvesting.

“Locals are hurrying to harvest while the weather’s still good,” said Mùa A Giàng, a local guide. “If it rains again, the crops could be ruined.”

Harvesting will continue into next week, and in many tourist areas, the golden fields will remain through late October — giving visitors another chance to enjoy the breathtaking mùa vàng (golden season).

The New Life of “Hope” — The Nigerian Boy From a Photo That Shocked the World

Advertisements

The haunting photo of a starving, abandoned Nigerian boy drinking water from a stranger’s hand once broke the hearts of millions around the world. Today, that same boy — now named Hope — is healthy, full of life, and dreaming of becoming an artist.

The photo that changed everything

In 2016, a Danish aid worker, Anja Ringgren Loven, was captured on camera kneeling beside a two-year-old boy, naked and skeletal, gently helping him drink water from a bottle. The image quickly went viral, symbolizing both human cruelty and compassion.

Later investigations revealed the child had been abandoned on the streets of Akwa Ibom State, southern Nigeria, after villagers accused him of being a “witch” who brought misfortune to his community. When rescued, the boy weighed barely 3 kilograms (about 6.6 pounds) and was near death.

“I thought he would die that day,” Anja recalled. “But then, a miracle happened.”

From despair to hope

Anja, 47, is the founder of Land of Hope, a charity that rescues children accused of witchcraft in Nigeria. After emergency treatment for severe malnutrition, the boy was taken to her shelter, where more than 80 other abandoned children live and study.

She named him Hope — a name that perfectly reflected the spirit of his second chance at life.

Today, Hope is 11 years old, strong, and thriving. Although he is hearing-impaired, he communicates fluently through writing and sign language. His teachers lovingly call him the “Little Picasso” thanks to his remarkable talent for painting and his passion for art.

In late August, Hope graduated from primary school as one of the top-performing students in his class.

“Hope is not only intelligent but also a gifted artist, a great dancer, and a kind soul with a wonderful sense of humor,” Anja shared proudly on social media.

Growing up with hope

Now living happily at the Land of Hope center, Hope spends his days painting, studying, and playing with friends.

“He’s strong, independent, and surrounded by love,” Anja said. “I’m incredibly proud of the person he’s becoming. He truly lives up to his name — Hope.”

Fighting superstition to save children

The Land of Hope foundation works to end superstition and child abuse rooted in the belief in witchcraft — a major cause of child abandonment, torture, and murder in Nigeria.

The organization runs educational campaigns in rural communities to raise awareness about poverty, fear, and lack of education, which often lead to dangerous superstitions.

“It’s impossible to understand how a two-year-old child could ever be seen as a threat,” Anja said.

From tragedy to inspiration

What began as a heartbreaking image of suffering has become a global symbol of resilience, compassion, and the power of hope.

Eight years after his rescue, the once frail, abandoned boy is now thriving — a living reminder that even the smallest act of kindness can change a life forever.

Three Family Members Found Dead in Dong Nai: Victims Shot in the Head

Advertisements

Authorities in Dong Nai Province, Vietnam, have confirmed that the three victims found dead at a local agricultural business were shot in the head, following forensic examinations that revealed fatal gunshot wounds.

Shocking murder at a family-owned business

According to sources from the Dong Nai Provincial Police, the victims — a husband, wife, and their young granddaughter — were discovered on the morning of October 3 at the Thien Hanh agricultural purchasing agency in Hamlet 6, Dak Nhau Commune.

The deceased were identified as:

  • Mr. D.D.Th. (47) – the owner of the agency,

  • Mrs. C.H.H. (48) – his wife, and

  • Miss D.T.T. (11) – the couple’s granddaughter.

The scene was found in disarray, with clear signs of struggle and disturbance, according to police reports.

“All three victims died from gunshot wounds to the head,” the forensic report confirmed.

Security footage captures armed suspect

Video from the family’s home security cameras captured a masked man wearing a helmet and face covering, holding what appeared to be a long firearm, entering the victims’ yard around the estimated time of the attack.

Authorities are analyzing the footage and pursuing several investigative leads to identify and apprehend the suspect.

Senior police officials personally lead investigation

Recognizing the case’s grave and shocking nature, Major General Nguyen Duc Hai, Director of Dong Nai Police, immediately assigned two deputy directors — Colonel Le Manh Hung, Head of the Criminal Investigation Department, and Colonel Lam Van Long — to the scene to direct the investigation on site.

The case has also been reported to the Ministry of Public Security, with the Criminal Police Department and the Institute of Forensic Science deploying specialized teams to support local authorities in collecting evidence and tracking the killer.

Public urged to assist with information

Police have called on residents in the area to remain vigilant and report any suspicious individuals or information that could assist in identifying the suspect.

“This is an extremely serious case that has deeply disturbed the community,” a police spokesperson said. “We are deploying all available resources to bring the perpetrator to justice as soon as possible.”

Investigation ongoing

As of October 4, forensic teams continue to examine the scene while police units work around the clock, coordinating with national agencies to track down the armed suspect responsible for the triple homicide in Dong Nai.

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

Advertisements

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

Advertisements

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

Advertisements


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

Advertisements

 

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

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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%.

Exit mobile version