Vietnam Rolls Out the Red Carpet for Global Business Leaders, Billionaires, and High-Net-Worth Travelers

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Vietnam Insider – Vietnam is stepping up its efforts to attract the world’s wealthiest and most influential travelers—including billionaires, top executives, and business delegations—through new visa-exemption policies and upgraded tourism infrastructure. The government’s move signals a bold strategy to elevate the country’s tourism industry while fostering investment and international engagement.

Under Decree 221, Vietnam now grants visa exemptions of up to five years for six special categories, including foreign politicians, experts, scientists, chief engineers, high-quality digital technology personnel, and executives from the top 100 global corporations.

This initiative is viewed as a key step in boosting MICE tourism (Meetings, Incentives, Conferences, and Exhibitions). According to Ms. Lam Thi Thuan, Business Director at PYS Travel, the policy allows senior corporate delegations to easily combine business travel with luxury leisure and market research trips in Vietnam.

“This targeted visa exemption will enhance Vietnam’s appeal to high-end travelers, opening doors to major events, upscale experiences, and investment exploration,” Thuan said. “It also encourages local travel businesses to raise service standards to meet the expectations of this premium customer segment.”

Mr. Pham Van Bay, Deputy Director of Vietravel Hanoi, affirmed that the new visa rules not only simplify procedures but also reflect Vietnam’s proactive stance in welcoming high-quality international visitors—especially those with significant spending capacity and interest in extended stays.

Bay cited impressive growth figures: in the first seven months of 2025, Vietnam welcomed over 12 million international arrivals, up nearly 23% year-on-year. Particularly notable was a 38% increase in affluent European visitors in July alone.

Wealthy travelers also significantly outspend the average tourist, with European visitors spending between USD 1,700 to 2,200 per trip—about 1.5 to 2 times more than other markets. These guests often stay 10 to 14 nights, seek authentic cultural and culinary experiences, and are likely to return if their first visit is positive.

Mr. Nguyen Cong Hoan, Head of Communications at the Vietnam Tourism Association, emphasized that beyond visa facilitation, top business leaders and billionaires should be viewed as inspirational ambassadors who can help Vietnam reach global audiences.

He referenced the March 2024 visit by billionaire Bill Gates to Da Nang, which received widespread international media coverage. “When global icons choose Vietnam, it validates our destination’s charm—peaceful, safe, rich in natural beauty, and culinary delights,” Hoan noted.

Tourism businesses are already taking action. PYS Travel is aggressively expanding its luxury MICE offerings, refining its tour infrastructure, transportation, and guide services to meet the needs of wealthy travelers and corporate delegations.

Vietravel is developing bespoke high-end travel packages tailored to long-stay cultural tourism, luxury resorts, and business networking. They are also enhancing digital marketing campaigns targeting travelers from the 12 countries recently granted visa-free entry under Resolution 229.

However, as noted by representatives from Vietfood Travel, the shift toward elite tourism also demands increased security measures, world-class infrastructure, and seamless service chains to ensure satisfaction and safety for billionaires, millionaires, and global executives.

Despite the progress, experts such as Mr. Hoan, Ms. Thuan, and Mr. Dat voiced concerns over Vietnam’s weak tourism promotion abroad. While countries like South Korea and Thailand boast 30+ overseas tourism offices, Vietnam still lacks even one, particularly in markets with high-net-worth travelers. Limited investment and bureaucratic constraints remain significant barriers.

Vietnam’s dual strategy of easing entry procedures and upgrading premium tourism experiences represents a powerful opportunity to attract global elites. If supported by proactive promotion, robust infrastructure, and world-class service delivery, the country stands to secure its place as a preferred destination for the world’s most discerning travelers—and investors.

Vietnamese Authorities Seize 200kg Frozen Tiger Carcass Hidden in Passenger Bus Compartment

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Vietnam Insider – A frozen tiger carcass weighing approximately 200 kilograms was discovered concealed in a custom-built secret compartment on the roof of a passenger bus traveling from Laos to Son Giang commune (formerly part of Huong Son district, Ha Tinh province).

On August 13, the Ha Tinh Provincial Police’s Investigation Department announced the criminal prosecution and temporary detention of three men from Nghe An province: Chu Van Lam (36), Nguyen Trong Hung (46), and Ngo Sy Bac (38). The trio faces charges of violating wildlife protection regulations under Article 244, Clause 2 of Vietnam’s Penal Code, which prohibits the trafficking of endangered, precious, and rare animal species.

On July 26, law enforcement officers stopped a Laos-registered bus passing through Son Giang commune and uncovered a hidden compartment measuring 3 to 4 square meters in area and 30 to 40 centimeters in height. Inside, they found a frozen tiger carcass weighing around 200 kg along with a complete tiger skeleton.

Authorities confirmed that the animal belonged to Group IB of Vietnam’s endangered species list—classified as a critically endangered wild species whose hunting, trading, or commercial exploitation is strictly prohibited under Vietnamese law.

Lam, Hung, and Bac were reportedly assistant drivers for the Sau Hoa passenger transport company. They are accused of concealing the tiger body and bones inside the bus’s roof compartment to smuggle them from Laos into Vietnam.

The bust highlights an ongoing challenge faced by conservation and enforcement agencies in central Vietnam. According to authorities, illegal trafficking and processing of wild animals—including tigers and monkeys—continues to occur covertly in rural areas of Ha Tinh and Nghe An provinces. These animals are often used to produce traditional medicinal products such as animal glue, which is sold at high prices on the black market.

A single tael (approximately 37.5 grams) of tiger glue can fetch up to VND 18 million (around USD 700), while monkey glue sells for VND 400,000 to 500,000 (USD 15–20) per tael. Despite increased enforcement efforts, the high profitability of these products continues to drive demand and illegal poaching.

Vietnam has made significant commitments to wildlife conservation and has strengthened its laws on the protection of endangered species. However, incidents like this underscore the ongoing need for stricter monitoring and international cooperation to combat cross-border wildlife trafficking.

Jens Lottner Reappointed as CEO of Techcombank for 2025–2030 Term

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Vietnam Insider – Techcombank’s Board of Directors has officially reappointed Dr. Jens Lottner as Chief Executive Officer for a second consecutive term, covering the period from 2025 to 2030. The reappointment became effective on August 18, 2025, following approval by the State Bank of Vietnam under Official Dispatch No. 6605 dated July 30.

This decision reflects Techcombank’s continued confidence in Dr. Lottner’s leadership and its commitment to long-term strategic consistency. Under his stewardship, the bank has achieved notable milestones in its transformation journey, affirming his reputation as one of the region’s top banking executives.

Dr. Lottner brings over 30 years of global experience in banking and finance, having held senior roles at prestigious institutions including McKinsey & Company, Boston Consulting Group, and Siam Commercial Bank (Thailand). With more than two-thirds of his career spent in Asia, he has developed a deep understanding of regional markets.

Since assuming the role of CEO at Techcombank in 2020, Dr. Lottner has been instrumental in leading the bank’s digital transformation. During his first term, he positioned Techcombank as a technology-driven financial powerhouse, paving the way for the bank to become one of the most innovative financial institutions in Southeast Asia.

Sharing his thoughts on the reappointment, Dr. Lottner stated: “I am honored to continue leading Techcombank during this next phase of transformation. With the ambitious goals we’ve set, there is certainly pressure—but with the strategic vision, unwavering support from the Board, and the collective determination of our team, I am confident we will reach new heights and grow alongside Vietnam’s rise in the global economy.”

Under Dr. Lottner’s leadership, Techcombank has delivered exceptional business performance. In 2024, the bank reported a pre-tax profit of VND 27.5 trillion, up 20.3% year-on-year. Total operating income reached VND 47 trillion, growing 17.3% from 2023. The current account savings account (CASA) ratio climbed to 40.9%, with CASA balances hitting a record VND 231 trillion.

In Q2 2025, the bank continued this momentum, posting a record quarterly pre-tax profit of VND 7.9 trillion. Its Brand Equity Index (BEI) surged over 60% in 2024, placing Techcombank as the most recognized bank brand in Vietnam. The bank also earned a Net Promoter Score (NPS) of 91, ranking it second industry-wide in customer engagement.

The success of Techcombank’s digital and data-driven strategy has been widely recognized. FiinRatings upgraded the bank’s credit rating from “A+” to “AA–” with a “Stable” outlook in 2024. The Ho Chi Minh City Stock Exchange (HOSE) also included Techcombank in the top 20 companies in the Vietnam Sustainability Index (VNSI), highlighting the bank’s commitment to sustainable development.

In addition to digital innovation, Techcombank has emphasized talent development. Its Overseas Talent Roadshow—launched in 2022—has brought Vietnamese professionals from countries like Singapore, the UK, France, the U.S., and Australia back to contribute to the bank’s mission. These high-caliber recruits bring international experience that enhances Techcombank’s competitive edge.

The bank’s customer-first ecosystem approach, built on seamless integration and enhanced user experience, earned Techcombank several accolades. It was named “Best Bank in Vietnam” by Global Finance and FinanceAsia for two consecutive years (2024–2025), and “Best Bank for Corporate Governance in Vietnam” by The Asian Banker.

At The Asian Banker Global Leadership Awards 2025 held in July, Dr. Jens Lottner was honored as “Best Banking CEO in Vietnam for 2022–2025.” This prestigious award affirms his transformative leadership and the impact he has made since joining Techcombank in 2020.

As Techcombank concludes its 5-year growth strategy in 2025, the bank is poised to enter a new chapter of innovation and expansion. Dr. Lottner’s reappointment comes at a pivotal time, as the bank prepares to deepen its commitment to digital banking and customer-centric financial services.

With strong board support and a solid foundation built over 32 years, Dr. Lottner expressed confidence that Techcombank will continue delivering cutting-edge, integrated financial solutions to Vietnamese individuals and businesses—contributing to the broader prosperity of the nation.

Vietnam Grants 45-Day Visa-Free Entry to Citizens of 12 Countries

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Vietnam Expands Visa-Free Entry to 12 European Countries in Major Tourism Push

Hanoi, Vietnam – Vietnam has announced a significant expansion of its visa waiver program, granting citizens from 12 European countries visa-free entry for stays of up to 45 days, regardless of passport type. The new policy, outlined in Government Resolution No. 229 dated August 8, 2025, will take effect from August 15, 2025, to August 14, 2028 as part of the country’s Tourism Promotion and Development Program.

The countries covered under the new exemption are Belgium, Bulgaria, Croatia, the Czech Republic, Hungary, Luxembourg, the Netherlands, Poland, Romania, Slovakia, Slovenia, and Switzerland.

This move replaces the earlier Government Resolution No. 11, issued in January 2025, which granted exemptions only to citizens of Poland, the Czech Republic, and Switzerland. That resolution will be invalidated when the new program begins.

In addition, on August 8, the government issued Decree No. 221, introducing a limited-term visa waiver scheme for foreign nationals in specially designated categories whose presence is considered beneficial to Vietnam’s socio-economic development.

The decision comes amid robust growth in Vietnam’s tourism sector. In the first seven months of 2025, the country welcomed more than 12.2 million international visitors, a nearly 23% increase year-on-year. Notably, even in July — typically a low season — visitor arrivals matched the peak levels recorded in 2019, underscoring Vietnam’s rising appeal as a year-round destination.

By extending visa-free access and targeting high-value markets, Vietnam aims to strengthen its competitive edge in the global tourism industry and sustain its post-pandemic recovery momentum.

Why Vietnam’s FDI Inflows Are at Their Highest Level in Five Years

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Vietnam attracted nearly USD 24.1 billion in registered foreign direct investment (FDI) during the first seven months of this year, with USD 13.6 billion in disbursed capital — up 8.4% year-on-year and the highest level for this period in the past five years, according to data from the General Statistics Office under the Ministry of Finance.

Singapore Leads, Malaysia and Sweden Make Strong Gains

Singapore remained Vietnam’s top foreign investor among 74 countries and territories, with USD 2.84 billion in registered capital, accounting for 28.3% of the total. Notably, Malaysia and Sweden recorded exceptional growth. Malaysia’s surge came from an additional USD 1.12 billion in capital for the Yen So Park project in Hanoi, while Sweden invested USD 1 billion in a new polyester recycling and textile waste-to-pellet processing complex in Binh Dinh Province.

Investor Confidence Defies Global Slowdown

Nguyen Van Toan, Vice Chairman of the Vietnam Association of Foreign Invested Enterprises, noted that while global trade headwinds typically dampen FDI flows, Vietnam stands out as a rare bright spot. International investors are encouraged by reforms such as plans to upgrade Vietnam’s stock market classification, administrative streamlining, and support for private-sector growth.

“FDI inflows are not just short-term capital shifts — they reflect long-term confidence in Vietnam’s sustainable development potential,” Toan said. The European Chamber of Commerce in Vietnam (EuroCham) reported in its Q2 Business Confidence Index that nearly three-quarters of European businesses would recommend Vietnam as an investment destination.

EuroCham Chairman Bruno Jaspaert affirmed that European enterprises remain optimistic, bolstered by next-generation free trade agreements, particularly the EU-Vietnam Free Trade Agreement (EVFTA). August 1 marked five years since the EVFTA took effect, generating nearly USD 300 billion in bilateral trade and enhancing Vietnam’s appeal to European investors.

A Competitive Strategy Amid Shifting Supply Chains

The Ministry of Finance highlighted that global supply chain realignment and U.S.-China strategic competition have positioned Vietnam as a rising manufacturing hub in Asia. The renewable energy sector, where Vietnam ranks second among the world’s top 10 developing economies for the 2015–2022 period, has attracted over USD 106.8 billion in FDI.

Strategic partnerships with the U.S., EU, Australia, Singapore, and others, alongside the development of eco-industrial and low-carbon zones, are reinforcing investor trust.

Challenges and the Path Ahead

Despite the achievements, Vietnam still faces challenges in maximizing FDI benefits. The Ministry of Finance pointed to cumbersome administrative procedures, limited technology transfer, uneven workforce quality, and a lack of large-scale, industry-leading projects. Supporting industries remain underdeveloped, industrial infrastructure is uneven, and high-quality land supply is concentrated in major cities.

To address these gaps, Vietnam is shifting its FDI strategy from offering pure incentives to enhancing the overall investment climate. Plans include upgrading industrial park and economic zone infrastructure, ensuring stable power supply, expanding clean land availability, and developing a highly skilled workforce.

Sophie Dao, Senior Partner & Lawyer at GBS – Global Business Services, commented: “Vietnam’s ability to attract record-high FDI in the current global climate speaks volumes about its economic resilience and strategic positioning. The combination of trade liberalization, infrastructure investment, and a commitment to administrative reform sends a strong signal to the global business community. At GBS, we see growing interest from clients across multiple sectors — from manufacturing and renewable energy to high-tech and logistics — who view Vietnam not just as a low-cost production base, but as a long-term growth partner in Asia.”

Man Poses as Gold Buyer, Snatches Jewelry, and Is Captured in Ho Chi Minh City

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(Vietnam Insider) – A man who pretended to shop for gold jewelry before snatching it and attempting to flee was apprehended by quick-thinking staff and local residents in Ho Chi Minh City.

On the afternoon of August 11, police in Dong Hoa Ward took statements from a male suspect accused of staging a purchase to steal gold.

Footage provided by witnesses shows that around 2:00 p.m. on August 11, the man rode a motorbike to the K.T.V.6 gold shop on Tran Hung Dao Street, Dong Hoa Ward (formerly part of Di An City, Binh Duong Province). He asked to see gold bracelets.

While a male shop attendant showed him two pieces, the suspect slipped one bracelet onto his wrist, pocketed the other, and ran to his motorbike to escape.

The shop attendant immediately chased after him, grabbing onto the vehicle. The suspect lost control, veered onto the opposite sidewalk, and fell. Hearing the commotion, nearby residents rushed in to help restrain the man and recover the stolen jewelry.

The suspect was handed over to Dong Hoa Ward police for questioning. He initially identified himself as B., 25, from Ca Mau Province, and admitted to the theft.

Vietnam to consider extending afternoon trading hours for stock market from Q1 2026

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Vietnam’s stock market may soon see longer trading hours, as the exchange is studying a proposal to extend afternoon sessions starting in the first quarter of 2026 — a move expected to boost liquidity and align with global market practices.

The idea of extending trading hours is not new. Two years ago, a senior expert at KB Securities Vietnam suggested pushing the close to 4:00 p.m., with the goal of increasing daily liquidity to VND 30 trillion (USD 1.18 billion) per session.

Foreign Fund Performance Surges on Banking and Brokerage Bets

The announcement comes as Finnish investment fund Pyn Elite reported a 13.2% return in July 2025 — its strongest monthly performance in nearly five years, since April 2020. The VN-Index climbed 9.2% in the same month, closing above the 1,500-point mark.

The fund’s gains were driven by its heavy weighting in the banking sector and its decision to double holdings in two brokerage stocks — VIX and SHS — which surged 114% and 78% in July, respectively.

Pyn Elite noted: “The Stock Exchange has raised the issue of extending afternoon trading hours from Q1 2026 and introducing a central counterparty (CCP) system in Q1 2027. These will be major steps toward enabling intraday trading. The State Securities Commission believes Vietnam could achieve emerging market (EM) status this autumn, as FTSE has given positive feedback on recent market reforms.”

Why Trading Hours Matter for Liquidity

When KB Securities first floated the proposal in 2023, the VN-Index was hovering around 1,150 points amid expectations of supportive policies — such as interest rate cuts, public investment disbursements, and measures to ease stress in the bond and real estate markets. At that time, billion-dollar trading sessions were rare, limiting Vietnam’s ability to attract large-scale capital inflows.

The KB expert emphasized that beyond macroeconomic conditions and corporate earnings growth, session length directly impacts market liquidity — especially after the T+2.5 settlement cycle was introduced on August 29, 2022.

“Retail investors tend to trade quickly and often finish by 10:30 a.m., which is also when the market’s momentum typically dips. In contrast, large institutional flows are more active in the afternoon, especially after 2:00 p.m.,” he said.

Back then, average daily liquidity stood at around VND 20 trillion per session. Despite the shorter duration, afternoon trading — just 1 hour 45 minutes compared to 2 hours 30 minutes in the morning — often accounted for 1.5 to 2 times the value of the morning session.

“In a T+2.5 environment, most large players prefer to trade in the afternoon, when newly settled shares hit accounts. This is when the ‘big battles’ happen and when institutional investors can better manage risk,” the expert added.

As of August 11, 2025, the VN-Index closed near 1,597 points. Average daily liquidity on HoSE over the past two weeks has ranged between VND 40–60 trillion per session, signaling robust participation from both domestic and foreign investors.

Vietnam Poised to Join First-Wave Launch of iPhone 17 on September 19

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Vietnam Insider – Vietnam may be included in Apple’s first-wave rollout of the iPhone 17, alongside major markets such as the United States and Singapore, with sales potentially starting on September 19.

Representatives from several major retail chains revealed that Apple has asked them to prepare for two possible launch scenarios: a second-wave release as in previous years, or an immediate first-wave release right after the global launch event. “No final decision has been made yet, but preparations for a first-wave sale have gained significant attention in recent days,” said one retail representative.

According to Germany’s iPhone Ticker, local carriers have been informed that Apple will unveil its next-generation iPhone on Tuesday, September 9. Technology news outlet Apple Insider also reported that Apple is unlikely to hold its event on September 11, the anniversary of the 2001 terrorist attacks in the United States. Based on Apple’s usual schedule—launching on a Tuesday and starting sales the following Friday—the iPhone 17 could hit shelves on September 19, which could also be the release date in Vietnam.

Traditionally, first-wave iPhone sales are limited to countries with official physical Apple Stores, while Vietnam only has an Apple Store Online. However, industry insiders believe this is not a strict requirement, noting that Vietnam’s strong sales growth in recent years could prompt Apple to give the market first-wave status starting with the iPhone 17.

In 2023 and 2024, the iPhone 15 and 16 were launched in Vietnam just one week after their global release, encouraging more consumers to wait for official products rather than buying hand-carried imports. Vietnam has also been one of the fastest-growing early-stage iPhone markets, with launch-day revenues exceeding VND 1 trillion (approximately USD 40 million) thanks to earlier official distribution.

According to renowned TF Securities analyst Ming-Chi Kuo, this may be the last year Apple launches all iPhone models at once. For 2025, Apple is expected to introduce four variants: iPhone 17, 17 Pro, 17 Pro Max, and the ultra-thin iPhone 17 Air. Starting next year, Apple may split releases into two phases—launching the iPhone 18 Pro, 18 Pro Max, and 18 Air in September 2026, with the standard iPhone 18 and the more affordable iPhone 18e arriving in early 2027.

Similarly, in fall 2027, Apple is rumored to debut the iPhone 19 Pro, 19 Pro Max, 19 Air, and its first foldable device, the iPhone Fold, with the standard iPhone 19 scheduled for early 2028.

Design leaks suggest the iPhone 17 Pro and Pro Max will feature a redesigned aluminum chassis and a revamped rear camera module—replacing the square bump with a horizontal rectangular strip spanning the device’s width, similar to the Google Pixel 9 Pro. This larger housing will maintain the triangular triple-camera arrangement on the left, while the LED flash, microphone, and LiDAR sensor move to a vertical layout on the right. Upgrades are expected to include the new A19 Pro chip, 12 GB of RAM, a 48-megapixel telephoto lens, and a front camera boosted to 24 megapixels—double that of the previous generation.

Vietnam’s Stock Market Hits All-Time High Amid Strong Policy Support and Surging Capital Inflows

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Vietnam’s stock market has reached unprecedented heights, fueled by a series of supportive policies from the Government and regulatory agencies.

These initiatives are creating fresh momentum and raising expectations for a new growth cycle, with the goal of attracting high-quality domestic and foreign capital to support business expansion and economic development.

Historic Market Milestone

At the close of trading on August 8, the VN-Index reached a historic peak of 1,584 points—the highest level since the market’s inception. Meanwhile, the VN30 Index climbed to 1,729 points. Compared to the start of 2025, these indices have surged more than 25% and 30%, respectively, from early 2024 levels.

Other key indices also posted record highs: the HNX-Index hit 272.4 points and the UpCoM Index reached 108.6 points, up 19% and 14% year-to-date. This marks the highest point in the 25-year history of Vietnam’s stock market.

On the same day, the Ho Chi Minh Stock Exchange (HOSE) recorded a market capitalization of VND 6.84 quadrillion, up over 30%—equivalent to VND 1.6 quadrillion (nearly USD 62 billion)—since the beginning of 2025. The total market capitalization of all listed shares reached approximately VND 8.2 quadrillion, or nearly 71% of Vietnam’s GDP as of July 2025, the highest ratio in history and six times higher than a decade ago.

Leading Sectors Drive Growth

This surge in market capitalization has been driven in part by robust growth in leading stocks, including those from the Vingroup ecosystem (VIC, VHM, VRE, VEF), GELEX Group (GEX, GEE), major banks (VPB, SHB, TCB, CTG, BID, HDB, EIB), and securities firms (SSI, VND, SHS, VCI, VIX).

Liquidity has soared, with billion-dollar trading sessions becoming increasingly common. In recent days, total market turnover has frequently exceeded USD 2 billion per session. Two record-breaking sessions were recorded: July 29 saw a combined trading value of VND 79 trillion across all three exchanges, followed by August 5 with an all-time high of VND 86 trillion. The average daily trading value across the three bourses reached VND 39.45 trillion in July 2025.

Capital Inflows Reach Unprecedented Levels

The scale of capital inflows into Vietnam’s equity market is unmatched in its history. Strong investor appetite—focused on listed companies with solid business performance and robust balance sheets—has propelled the market’s steady and sustainable rise.

Gerald Toledano, a representative of FTSE Russell under the London Stock Exchange Group, noted that Vietnam’s market liquidity is “highly impressive,” ranking first in ASEAN and surpassing both Thailand and Singapore.

Rising Investor Participation

According to the Vietnam Securities Depository and Clearing Corporation (VSDC), 226,153 new domestic securities accounts were opened in July alone. By the end of the month, the total number of accounts nationwide reached 10.447 million, equivalent to around 10.4% of the population—achieving the 2025 target ahead of schedule and setting sights on 11 million accounts by 2030.

MSB – Banking Stock Gains Momentum Ahead of 20% Stock Dividend Record Date

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Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has emerged as one of the most closely watched bank stocks on the Vietnamese market, following the release of its robust first-half 2025 financial results and its upcoming 20% stock dividend distribution. The share price has recently climbed to VND 15,400, approaching target levels previously set by several brokerage firms.

Stock Dividend Plan and Impact on Charter Capital

The State Bank of Vietnam has approved MSB to issue up to 520 million shares to pay a 20% stock dividend, based on distributable profits.

Once completed, the bank’s charter capital will rise from VND 26 trillion to VND 31.2 trillion, strengthening its capital base to support higher credit growth and further investment in technology and service innovation.

The distribution is expected to be finalized in the fourth quarter of 2025.

First-Half 2025 Performance – A Solid Growth Foundation
  • Pre-tax profit: VND 3.173 trillion, underscoring steady growth across core business segments.
  • Credit growth: +13.39% year-to-date, reaching over VND 200.7 trillion, outperforming the sector average of 9.9%.
  • Net interest income: VND 5.089 trillion (+8% YoY), with a net interest margin (NIM) of 3.45%.
  • Fee-based income: VND 909 billion (+36% YoY), driven by payment services, trade finance, and digital banking.
  • Total assets: VND 341.3 trillion (+7% YTD), achieving 97% of the full-year target of VND 350 trillion.
  • Customer deposits: VND 174.43 trillion (+13% YTD), with the CASA ratio at 26.78%.
  • Asset quality: Non-performing loan (NPL) ratio at 1.86% (slightly lower than Q1), and capital adequacy ratio (CAR) at 12.28%.
Valuation and Investment Outlook

Previously, brokerages such as VCBS recommended a BUY rating with a target price of VND 14,300 per share, implying a 23% upside at the time. With the current market price at VND 15,400, the stock has surpassed short-term targets and is edging closer to higher valuations suggested by other analysts, such as DSC (~VND 16,100).

MSB’s P/B ratio remains around 0.9x, well below the banking sector average of 1.6x, indicating further upside potential if positive earnings momentum continues.

Long-Term Strategy and Growth Drivers

Diversified revenue streams: The bank is expanding in digital banking, payment services, and wealth management, alongside plans to acquire a securities company and establish an asset management firm.

Strong capital and risk management: Key prudential ratios remain healthy, enabling sustainable credit expansion.

Short-term catalysts: The progress of the 20% stock dividend distribution and Q3 2025 results are expected to bolster market sentiment.

With first-half profits of VND 3.173 trillion, above-average credit growth, attractive valuations, and a 20% stock dividend policy, MSB offers a compelling investment case.

However, given the recent rapid share price increase, investors should carefully consider entry points and prioritize accumulation strategies ahead of the record date to maximize returns while managing risk.

Foreigner Assaults Vietnamese Traffic Police Officer in Nha Trang

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Nha Trang, Vietnam – Authorities in Khanh Hoa Province are investigating an incident in which a Russian man allegedly assaulted a Vietnamese traffic police officer while the officer was mediating a minor road accident in the coastal city of Nha Trang on Thursday morning.

According to local police, the altercation occurred at approximately 6:30 a.m. at the intersection of Tran Phu and Tue Tinh Streets. Traffic police had been dispatched to the scene following reports of a collision involving a motorbike driven by the Russian national and another motorbike.

Lieutenant Colonel Ngo Tung Giang, who arrived to handle the case, found the two parties engaged in a heated dispute. While attempting to mediate, Giang was unexpectedly punched in the mouth by the Russian man, resulting in facial injuries and bleeding.

Police reported that the foreign national exhibited signs of alcohol consumption and was confirmed to be under the influence at the time of the incident. The man was immediately restrained and taken to the local police station before being transferred to the Nha Trang Ward police division for further investigation.

Authorities have stated that the case will be handled in accordance with Vietnamese law. The assault on an officer performing official duties is considered a serious offense in Vietnam, carrying potential criminal charges and legal consequences.

This incident underscores Vietnam’s strict stance on public order and the conduct of foreign visitors, particularly in tourist destinations such as Nha Trang, which attracts a significant number of international travelers each year.

Foreign Motorcyclist Killed in Multi-Vehicle Collision on Hanoi’s Nhat Tan Bridge

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A foreign man riding a large-displacement motorcycle was killed instantly in the early hours of August 8 following a multi-vehicle crash involving two cars on Nhat Tan Bridge.

The Hanoi Traffic Police Division (Team No. 15) confirmed they are working with relevant authorities to investigate the cause of the accident.

According to initial reports, the collision occurred at approximately 4:30 a.m. on Nhat Tan Bridge, in the direction from downtown Hanoi toward Noi Bai International Airport. The accident involved two cars and a high-powered motorcycle.

The motorcyclist died at the scene. All vehicles sustained damage, with the motorcycle severely deformed from the impact.

Authorities confirmed that the victim was a foreign national, but his identity has not yet been released. The exact cause of the crash is still under investigation.

Prudential 3 năm liền dẫn đầu số lượng MDRT tại Việt Nam: Hành trình xây dựng sự yên tâm vững bền vì khách hàng

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Giữ vững vị trí dẫn đầu về số lượng thành viên MDRT(*) – Million Dollar Round Table tại Việt Nam trong 3 năm liên tiếp, Prudential cho thấy sự nhất quán trong chiến lược đầu tư vào chất lượng đội ngũ tư vấn viên, tập trung xây dựng lực lượng tư vấn viên tinh hoa, vì sứ mệnh mang yên tâm trọn vẹn đến mỗi gia đình Việt.

MDRT – Chuẩn mực nghề nghiệp toàn cầu, vì sự yên tâm của khách hàng

Trong bối cảnh kinh tế xã hội đầy biến động, niềm tin của khách hàng vào bảo hiểm nhân thọ không chỉ xuất phát từ sản phẩm chất lượng, mà còn đến từ sự đồng hành của những người tư vấn viên tận tâm, có chuyên môn cao và đạo đức nghề nghiệp vững vàng. Đó là những người giúp khách hàng hiểu rõ nhu cầu, hoạch định kế hoạch tài chính và đưa ra quyết định phù hợp.

Tư vấn viên chính là người đại diện cho cam kết thương hiệu và là cầu nối quan trọng với khách hàng. Chính vì vậy, Prudential luôn kiên định với mục tiêu phát triển chất lượng tư vấn viên, từng bước xây dựng lực lượng tinh hoa dựa trên năng lực chuyên môn, đạo đức nghề nghiệp và tư duy Lấy khách hàng làm trọng tâm, và mang lại sự yên tâm tối đa cho khách hàng.

Chính vì vậy, việc đạt danh hiệu MDRT – biểu tượng toàn cầu của sự xuất sắc trong ngành tài chính bảo hiểm không chỉ là thành tích cá nhân của tư vấn viên, mà còn là biểu tượng cho cam kết đồng hành bền vững, mang đến sự thấu hiểu, tận tâm cùng khách hàng – từ buổi gặp gỡ đầu tiên đến hành trình đồng hành trong những cột mốc cuộc sống của khách hàng. Đây là cách Prudential gìn giữ niềm tin khách hàng và biến mỗi điểm chạm trở thành khoảnh khắc đáng giá.

Và hành trình không dừng lại ở MDRT – Prudential tiếp tục tạo điều kiện để các thành viên vươn đến những nấc thang cao hơn như COT (Court of the Table), TOT (Top of the Table) thông qua các chương trình học thuật chuyên biệt, huấn luyện đào tạo theo tiêu chuẩn quốc tế nhằm trang bị cho tư vấn viên các kiến thức chuyên sâu, kỹ năng giao tiếp, tài chính và phân tích nhu cầu khách hàng.

Để xây dựng đội ngũ tư vấn viên chuyên môn cao, Prudential đã tập trung xây dựng chiến lược phát triển và đào tạo bài bản.

Với thành tích 3 năm liên tiếp đứng đầu về số lượng MDRT tại thị trường Việt Nam, Prudential liên tiếp nằm trong nhóm dẫn đầu khu vực châu Á về số lượng thành viên MDRT. Thành tích này không chỉ là sự công nhận của thị trường quốc tế, mà còn là minh chứng cho hành trình phát triển đội ngũ tư vấn viên tinh hoa một cách bài bản, bền vững, từ đó mang đến nhiều giá trị hơn cho khách hàng.

Prudential không chỉ phát triển tư vấn viên tinh hoa gắn với danh hiệu MDRT, doanh nghiệp còn xây dựng một hệ sinh thái phát triển lực lượng tư vấn viên toàn diện. Điều này thể hiện trong quá trình tuyển chọn tư vấn viên khắt khe, đào tạo theo chuẩn mực quốc tế và huấn luyện toàn diện về kiến thức, kỹ năng và tư duy phục vụ khách hàng, thông qua chuỗi hoạt động huấn luyện “Nhà Luyện Kim”, chương trình gắn kết “MDRT – Đẳng cấp tinh hoa” hay hội nghị thường niên Prudential MDRT Châu Á hàng năm.

Các tư vấn viên tinh hoa của Prudential tại Hội nghị Thường niên Prudential MDRT Châu Á – Bangkok, Thái Lan vào tháng 07.2025

Đặc biệt, Prudential còn là đối tác tài trợ cao cấp toàn cầu của Hiệp Hội MDRT. Qua đó, tư vấn viên Prudential được tiếp cận trực tiếp với tài nguyên đào tạo quốc tế, và cơ hội phát triển vượt trội, hiểu rõ trách nhiệm nghề nghiệp và lan tỏa giá trị tích cực và nhân văn của ngành bảo hiểm.

Sự yên tâm của khách hàng là kim chỉ nam

Tất cả những hoạt động đều bắt nguồn từ một nguyên tắc cốt lõi vì sự yên tâm của khách hàng. Và đó cũng là điểm đến chung của mọi tư vấn viên MDRT tại Prudential — không phải là doanh số, mà là niềm tin và sự đồng hành dài lâu cùng khách hàng. Mỗi sự tư vấn, mỗi cuộc gặp gỡ, mỗi hợp đồng ký kết đều là minh chứng cho sự thấu hiểu và trách nhiệm.

Prudential tổ chức các chương trình chia sẻ kinh nghiệm, sự kiện vinh danh hằng năm nhằm thúc đẩy tinh thần tư vấn viên MDRT

“Chúng tôi xem việc phát triển đội ngũ MDRT không chỉ là thành tích, mà là một phần quan trọng trong sứ mệnh xây dựng sự yên tâm cho khách hàng. Tư vấn viên MDRT và lực lượng tư vấn viên Prudential nói chung, sẽ luôn lắng nghe sâu sắc nhu cầu của khách hàng, tư vấn minh bạch nhằm giúp khách hàng yên tâm lựa chọn, yên tâm đồng hành và yên tâm về tương lai tài chính của họ” – Ông Cyrus Hsu – Phó Tổng Giám Đốc Kênh Đại Lý Prudential Việt Nam chia sẻ.

Trong thời gian tới, Prudential chia sẻ doanh nghiệp vẫn sẽ tiếp tục kiên định với chiến lược phát triển con người, không ngừng nâng cao năng lực và chuẩn mực nghề nghiệp của đội ngũ tư vấn viên – những người mang theo sứ mệnh “Mang yên tâm trọn vẹn đến mỗi gia đình Việt”.

(*) MDRT (Million Dollar Round Table), Hiệp hội các chuyên gia tài chính hàng đầu®, là một hiệp hội toàn cầu, độc lập của các chuyên gia bảo hiểm nhân thọ và dịch vụ tài chính hàng đầu thế giới đến từ 85 quốc gia và vùng lãnh thổ và hơn 700 công ty. Các thành viên MDRT thể hiện kiến thức chuyên môn đặc biệt, hành vi đạo đức nghiêm ngặt và dịch vụ khách hàng xuất sắc. Tư cách thành viên MDRT được công nhận trên toàn thế giới là tiêu chuẩn xuất sắc trong lĩnh vực bảo hiểm nhân thọ và dịch vụ tài chính. Để biết thêm thông tin, vui lòng truy cập https://mdrt.org/.

Surprise Court Ruling in Case of Man Who Attacked Security Guard on Nguyen Hue Walking Street Over Dog Dispute

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A case that once shocked the public ended with an unexpected twist in court today, as charges were dropped against a man who assaulted a security guard on Nguyen Hue Walking Street during an altercation over his dog.

Viral Incident Ends With Case Dismissed

The People’s Court of District 1, Ho Chi Minh City, held a first-instance trial for Tuong Chi Huy (26), who had been charged with “Intentionally Causing Injury” under Article 134 of Vietnam’s Penal Code.

The case gained widespread attention earlier this year after Huy allegedly attacked a security guard, drawing blood, during an argument sparked by his dog running freely in a public area.

Altercation Sparked by Dog Control Dispute

According to court records, around 8:45 AM on February 27, Huy and his American girlfriend were walking their dog on Nguyen Hue Walking Street. When the unleashed dog began running around, Mr. N.X.C. (58), a security guard on duty, reminded them to follow public space regulations. He reportedly used a plastic baton to strike the dog in an attempt to control it.

This led to a heated confrontation between Huy’s girlfriend and the guard. Huy then shoved the guard. In response, Mr. C. picked up a metal rod to intimidate Huy, who then grabbed the rod and struck the guard on the head, causing a 4% injury according to medical assessment.

Victim Withdraws Legal Complaint, Case Dropped

At the trial, Mr. C. informed the court that Huy’s family and lawyer had apologized and compensated him with 100 million VND (~$3,900 USD) for emotional and physical damages. He voluntarily submitted a formal request to withdraw his criminal complaint prior to the hearing.

The court confirmed that the crime falls under a category that requires a victim’s request to prosecute. With Mr. C.’s formal withdrawal and affirmation in court that he acted of his own free will, the judge panel found no grounds for further prosecution.

As a result, the court dismissed the criminal case and released Tuong Chi Huy.

14-Year-Old Girl Beaten by Group of Women in Public Street Attack in Can Tho

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Authorities in Can Tho are investigating a shocking incident where a 14-year-old girl was violently attacked by a group of adult women in broad daylight. The assault was caught on video and quickly went viral on social media.

Viral Video Shows Brutal Group Beating

A 36-second clip circulating online shows five women surrounding the young girl, taking turns hitting her with hands, feet, and even a motorcycle helmet. Despite the victim’s desperate cries and pleas for mercy, the group continued their assault.

The incident reportedly occurred on the afternoon of August 6 in Tran De Commune, Can Tho City. The victim has been identified as N., 14 years old, a resident of the local area.

Possible Cause: Verbal Dispute

According to the girl’s mother, the attackers are neighbors, and the altercation may have stemmed from a verbal disagreement between her daughter and the women involved. She expressed outrage over the violent response to what may have been a minor conflict.

Local Authorities Take Action

On the morning of August 7, officials in Tran De Commune confirmed they were aware of the incident. The commune leadership has ordered an urgent investigation and requested police to verify the identities of those involved and determine appropriate legal action.

In the meantime, local authorities have sent representatives to visit the victim’s family and arranged for medical examination and support for the girl.

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