Ho Chi Minh City Police Urgently Arrest 3 Youths for Snatching “Cô Hồn” Offerings

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Ho Chi Minh City – Police have urgently arrested three young men for stealing offering tables during the “cúng cô hồn” ritual, an act that authorities say constitutes robbery of property.

Three Teenagers Arrested

On September 15, the Criminal Police Department of Ho Chi Minh City confirmed the urgent arrest of:

  • Mai Anh Kiệt (18, resident of Bảy Hiền Ward)

  • Nguyễn Tuấn Hùng (17, resident of Bảy Hiền Ward)

  • Hà Kim Bảo (17, resident of Tân Hòa Ward)

The three are under investigation for property snatching. Another minor, T.Q.Đ. (15), is also being investigated.

The Incident at PNJ Store

Around 4 p.m. on September 6, staff at the PNJ jewelry store on Âu Cơ Street, Tân Hòa Ward, set up an offering table for the traditional cúng cô hồn ritual. The table displayed fruits, candies, roasted chicken, xôi, chè, and 200,000 VND in cash.

Just minutes later, a group of youths on motorbikes stopped in front of the store. One jumped off, forcefully snatched the metal table, causing offerings to scatter across the road, before fleeing with his accomplices.

Although the 200,000 VND was recovered by staff, the stainless steel table — considered store property — was taken.

Series of Thefts Across the District

During police questioning, the suspects admitted to multiple thefts on the same day. Earlier, they had gathered in an alley and planned to steal offering tables from local households during the cô hồn ritual.

They later joined another group of around 10 youths, also roaming to steal offerings. Throughout the day, they managed to snatch several stainless steel tables, fruits, and candies from homes and temples in District 11.

The stolen tables were hidden near a local checkpoint before police tracked them down.

Public Security Concerns

Authorities emphasized that such acts are not harmless pranks but criminal offenses that threaten public order.

“Taking advantage of the cô hồn ritual to steal offerings is a violation of the law and can lead to criminal prosecution,” Ho Chi Minh City police said.

They urged citizens to remain vigilant, report suspicious activities, and prevent youths from being lured into crimes disguised as “ritual traditions.”

Hanoi Surpasses Bangkok to Rank as Asia’s Second-Best Street Food City

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Hanoi has officially beaten Bangkok to claim the title of Asia’s second-best street food city, according to a recent ranking by Time Out.

The magazine praised Vietnam’s capital as a culinary treasure trove, where visitors can discover hidden gems tucked away in narrow alleys, up winding staircases, and on bustling street corners.

A Culinary Wonderland in the Old Quarter

Foodies are encouraged to join the long lines at Banh Mi 25 in Hanoi’s Old Quarter for its famous barbecue pork bánh mì, or venture into tucked-away spaces for a steaming bowl of northern-style pho. Among the city’s many specialties, humble yet flavorful dishes like boiled snails also stand out as must-try experiences.

Why Hanoi Stands Out

According to Time Out, the ranking considered key factors including:

  • Affordability – delicious meals at wallet-friendly prices.
  • Accessibility – ease of finding authentic eats across the city.
  • Dish quality – fresh ingredients and flavors rooted in tradition.

These qualities helped Hanoi rise above Bangkok, long celebrated for its street food culture, in this year’s ranking.

A Growing Global Recognition

Hanoi’s vibrant street food scene is increasingly earning global recognition, reflecting the city’s unique blend of tradition and innovation. For travelers and locals alike, it’s not just about the food—it’s about the experience of savoring dishes that capture the spirit of Vietnam.

Vietnam Among World’s Fastest-Growing Travel Destinations With 21% Surge

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Vietnam has emerged as one of the world’s fastest-growing tourism destinations, recording a remarkable 21% growth in the first half of 2025 — a rate matched only by Japan — while global tourism expanded by just 5%, according to the United Nations Tourism Organization (UN Tourism).

Strong rebound in international travel

UN Tourism reported that nearly 690 million international tourist arrivals were recorded worldwide in the first six months of 2025, an increase of 33 million compared to the same period in 2024. Despite regional variations, the figures highlight a robust recovery of global travel.

UN Tourism Secretary-General Zurab Pololikashvili emphasized that “despite global challenges, international tourism continues to demonstrate resilience and growth momentum.”

For Vietnam, the surge in visitors and revenue has significantly contributed to local economies, jobs, and livelihoods. At the same time, it underscores the need for sustainable and inclusive development, with greater collaboration among local stakeholders.

Vietnam outpaces regional peers

Among major destinations, Vietnam and Japan each grew 21%, followed by Morocco (+19%), South Korea (+15%), Mexico and the Netherlands (+7%), and Malaysia and Indonesia (+9%). France and Spain — the world’s top destinations — grew by 5%, while Hong Kong (+7%) remains below pre-pandemic levels.

Earlier UN Tourism data also ranked Vietnam as the 6th fastest-growing destination in Q1 2025, with a 30% year-on-year rise in international arrivals. Vietnam also placed 2nd globally in recovery compared with 2019 levels (+34%) and 4th in tourism revenue growth (+29% vs. 2024).

According to Vietnam’s General Statistics Office, the country welcomed over 6 million foreign visitors in Q1 alone — the highest quarterly figure in its history. The Vietnam National Administration of Tourism (VNAT) noted that this performance makes Vietnam a “bright spot” in Asia-Pacific, where many countries are still struggling to recover from the pandemic.

Policy support and industry efforts

Vietnam’s growth is credited to the tourism sector’s coordinated efforts, ranging from policy development to creative promotional campaigns and diverse product offerings. The government has also introduced supportive measures, including more open visa policies to attract high-spending international travelers.

Global tourism trends

Globally, Africa recorded the strongest growth (+12%), led by North Africa (+14%) and Sub-Saharan Africa (+11%). Asia-Pacific saw an 11% rise, reaching 92% of pre-pandemic levels, with Northeast Asia surging 20% year-on-year (though still 8% below 2019). Europe welcomed nearly 340 million arrivals (+4% vs. 2024 and +7% vs. 2019), with Central and Eastern Europe rising 9%.

The International Air Transport Association (IATA) reported that both international passenger traffic and airline capacity grew 7% year-on-year. Hotel occupancy worldwide reached 69% in June, nearly matching last year’s 70%.

Tourism revenue also climbed in many destinations in early 2025: Japan (+18%), the UK (+13% through March), France (+9%), Spain (+8%), and Turkey (+8%).

Inflation remains a challenge

Despite positive growth, UN Tourism’s September survey highlighted persistent challenges such as high transport and accommodation costs. “Tourism inflation” is projected to ease from 8% in 2024 to 6.8% in 2025, but remains above pre-pandemic averages (3.1%) and global inflation levels (4.3%). This may prompt travelers to tighten budgets, opt for closer destinations, shorten trips, or cut expenses.

Vietnam’s Prime Minister Orders Urgent Review of Monetary, Gold, and Stock Markets

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Vietnam Insider | September 11, 2025 | Prime Minister Pham Minh Chinh has issued a directive calling for urgent reports and proposed solutions on the management and oversight of Vietnam’s monetary, gold, and stock markets amid growing concerns about macroeconomic stability and market fluctuations.

The directive, issued under Official Telegram No. 161/CĐ-TTg on September 11 and signed by Deputy Prime Minister Ho Duc Phoc, requires key ministries and regulators to provide detailed assessments of current market conditions and propose appropriate management strategies.

Central Bank Tasked with Reporting on Currency, Gold, and Real Estate Credit

The Governor of the State Bank of Vietnam (SBV) has been directed to submit a comprehensive report by September 14, 2025, detailing the implementation of monetary policy. The report must include updates on Exchange rates; Gold prices; Interest rates and Credit flows into the real estate sector

In addition to these updates, the SBV is expected to put forward policy recommendations to help stabilize and better manage the monetary and gold markets. Following the submission, Deputy Prime Minister Phoc will convene a high-level meeting with SBV leadership and representatives from relevant ministries and agencies.

Ministry of Finance to Report on Stock and Bond Markets

Meanwhile, the Ministry of Finance has been tasked with reporting on the stock market, including equities, derivatives, and bonds, by September 15, 2025. The Ministry is also expected to propose specific regulatory and operational measures to address any emerging risks or inefficiencies.

A follow-up meeting will be held with the Minister of Finance, relevant Deputy Ministers, and other key government bodies to review the findings and coordinate next steps.

Coordinated Oversight to Address Market Volatility

The directive underscores the government’s concern over market volatility and its potential impact on economic stability, especially amid global financial uncertainties, exchange rate pressures, and speculative activity in the gold market.

By calling for synchronized monitoring and proactive policy coordination between the central bank and financial regulators, the government aims to safeguard investor confidence, ensure liquidity across markets, and maintain a stable macroeconomic environment.

Vietnam Insider will continue to monitor developments and provide updates on policy actions and market responses in the coming days.

Europe Holds Interest Rates Steady Amid Global Trade Uncertainty

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Vietnam Insider | September 11, 2025 – The European Central Bank (ECB) has decided to keep its benchmark interest rate unchanged at 2% for the second consecutive time, reflecting cautious sentiment in the face of global economic uncertainty—particularly surrounding U.S. import tariffs.

Following its policy meeting on September 11, the ECB stated that inflation across the eurozone remains close to its 2% target, with little change in the outlook. “The Governing Council’s assessment of the inflation outlook is largely unchanged,” the ECB noted, signaling that its decision aligned with investor expectations.

The current rate was set in June 2025 after eight consecutive rate cuts since mid-2024, as the ECB sought to stimulate growth amid tepid economic performance. However, the central bank is now adopting a data-dependent approach, emphasizing flexibility and refraining from forward guidance on future rate moves.

Economic Headwinds from U.S. Tariffs

The ECB’s cautious stance comes as the eurozone faces mounting uncertainty from trade tensions with the United States. Although the European Union (EU) recently signed a trade agreement with the U.S. that included a reciprocal 15% tariff framework, unresolved disputes—such as levies on wine and spirits—continue to create friction.

Investor concerns were further heightened after U.S. President Donald Trump threatened retaliation against the EU for a €3.45 billion ($3.7 billion) antitrust fine imposed on Google. Washington’s aggressive trade posture has fueled volatility in transatlantic economic relations, putting pressure on both investment and exports.

The U.S. remains the EU’s largest trade and investment partner, with European exports to the U.S. totaling €503 billion ($590 billion) in 2024. Yet, despite this strong economic linkage, growth in the eurozone has been sluggish. In Q2 2025, the euro area’s GDP grew by only 0.1%, down significantly from 0.6% in Q1.

Lagarde: Growth Pressures Will Ease in 2026

At the post-meeting press conference, ECB President Christine Lagarde acknowledged that the inflation outlook remains uncertain amid a volatile global trade environment. She pointed to several headwinds—including high import tariffs, a strengthening euro, and intensified global competition—that may continue to constrain the bloc’s economic growth through the end of the year.

However, Lagarde remained cautiously optimistic, forecasting that the negative impacts from these challenges are expected to subside in 2026.

Outlook

With inflation stable but growth fragile, the ECB is likely to maintain a wait-and-see approach in the coming months. Investors will be closely watching upcoming data and policy shifts, particularly any escalation in U.S.-EU trade tensions or changes in the global interest rate landscape.

As Europe navigates this uncertain path, the central bank’s commitment to data-driven decision-making may offer some reassurance—but significant risks to growth and investor sentiment remain.

Stay updated with Vietnam Insider for more insights on global economic trends and their impact on Vietnam and the ASEAN region.

Northern Vietnam Braces for First Cold Air Masses by Late September

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HANOI — Northern Vietnam could begin to feel the first signs of seasonal cold air by the end of September, though meteorologists caution that the early surges will be weak and unstable, bringing little immediate change in temperatures.

The National Center for Hydro-Meteorological Forecasting reported on September 11 that between now and October 10, the number of tropical storms and depressions forming over the East Sea (South China Sea) is expected to remain in line with long-term averages. Typically, this means about two to three systems may form, with one likely making landfall in Vietnam. These storms could impact the mainland, especially coastal provinces.

Widespread heavy rain is forecast in the Red River Delta and across provinces stretching from Thanh Hóa to Quảng Ngãi. Meanwhile, southern Vietnam and other parts of central Vietnam will continue to see frequent showers and thunderstorms, with occasional days of heavy downpours.

Nationwide, the risk of dangerous weather events such as thunderstorms, whirlwinds, hail, lightning, and strong gusts remains elevated through the forecast period.

According to meteorologists, cold air masses are expected to arrive in northern provinces by late September. However, the intensity will be relatively weak and unstable at first, meaning significant drops in temperature are unlikely in the short term.

Some localized heatwaves may still occur in the northern midlands, the Red River Delta, and areas from Thanh Hóa to Huế during the early part of the forecast period.

Looking further ahead, from now until the end of November, central Vietnam could receive 10–30% more rainfall than average. Should storms or tropical depressions coincide with easterly winds and incoming cold air, meteorologists warn of the possibility of extremely heavy rainfall — raising concerns over potential historic flooding events in the central region.

Vietnam’s National Credit Agency Breached: Hackers Claim Data on Nearly Entire Population

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HANOI — Vietnam has become the latest country to face a sweeping data breach that could impact most of its population. Hacker group ShinyHunters claims to have exfiltrated more than 160 million records from the Credit Institute of Vietnam (CIC), the state-run agency responsible for managing national credit information.

A Breach on a National Scale

While past global breaches have made headlines for their size — from Facebook’s 2019 incident affecting 553 million users to Ecuador’s 2019 database leak that exposed nearly the entire country — Vietnam now finds itself in a similar position.

CIC, which operates under the State Bank of Vietnam, plays a critical role in collecting, storing, and analyzing credit data on both individuals and organizations. It provides credit ratings, helps mitigate financial risks, and delivers official credit information services nationwide.

ShinyHunters boasted on Telegram that Vietnam was “owned within 24 hours.” They later listed the data for sale on a dark web forum, posting samples allegedly showing sensitive personal and financial records, including:

  • General personal identifiers (PII)
  • Credit payment histories and risk analyses
  • Encrypted credit card data (requiring decryption)
  • Military and government ID numbers
  • Tax IDs and income statements
  • Debt obligations

The dataset, according to ShinyHunters, spans historical records as well, which could explain why the number of entries — more than 160 million — exceeds Vietnam’s current population of approximately 102 million.

How the Hack Happened

Speaking to cybersecurity monitoring site DataBreaches.net, ShinyHunters claimed they targeted CIC due to the vast scale of its database, estimated at more than 3 billion records across all tables. They said they exploited an “n-day vulnerability” in software that was already at its end of life, meaning no security patch was available.

When asked whether extortion or ransom demands were made, ShinyHunters said no attempt was pursued, as they assumed CIC would not respond. Instead, the data was put up for direct sale.

Who Is Behind It?

The breach has been attributed directly to ShinyHunters. The group clarified it was not linked to other well-known cyber collectives such as Scattered Spider or Lapsus$, despite years of speculation about overlaps.

Why This Matters

If confirmed, the CIC breach would represent one of the most severe cybersecurity incidents in Southeast Asia. By potentially exposing the financial and personal data of nearly every Vietnamese citizen, it threatens not only individual privacy but also financial stability and national security.

As the situation unfolds, regulators, banks, and individuals alike are being urged to strengthen security measures and prepare for possible misuse of leaked data.

Credit Institute of Vietnam Data Breach: What We Know So Far

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HANOI — A massive data breach at the Credit Institute of Vietnam (CIC) is sending shockwaves through the country’s financial system, with early reports suggesting the personal and financial records of millions may have been exposed. The breach first surfaced on darknet forums in early September, raising urgent concerns over identity theft, fraud, and even national security.

1. How the Breach Was Discovered

Monitoring group Kaduu first detected the breach on September 8, 2025, during routine scans of Breachsta.rs, a notorious darknet marketplace for stolen data. The post was allegedly made by the hacker collective ShinyHunters, long known for high-profile financial and identity theft operations across Asia and beyond.

2. What Hackers Claim to Have Stolen

According to ShinyHunters, the compromised database includes:

  • Personally Identifiable Information (PII) such as names, addresses, and ID numbers
  • Credit payment histories and risk analyses
  • Encrypted credit card data (requiring decryption of the FDE algorithm)
  • Military and government ID records
  • Tax identification numbers
  • Income statements and outstanding debt reports

The hackers are reportedly offering the data for $175,000.

Sales listing on a hacking forum. Image: DataBreaches.net.
3. Why This Case Is Different

Unlike typical leaks that expose partial records, the CIC breach involves complete financial profiles—a combination of personal IDs, income data, debt reports, and credit histories. Cybersecurity analysts warn this represents “the financial DNA of an entire nation,” with potentially devastating long-term consequences.

4. Risks to Individuals and Institutions

Experts highlight several immediate risks:

  • Identity theft: Criminals can impersonate victims using leaked IDs and tax records.
  • Financial fraud: Once decrypted, credit card data could be exploited for large-scale fraud.
  • Credit manipulation: Exposed income and debt information could be used to alter financial reputations.
  • National security threats: The exposure of military and government IDs poses systemic risks.
5. How Widespread Is the Impact?

While the full scope remains unclear, analysts at DataBreaches.net warn that most Vietnamese citizens with credit histories could be affected, given CIC’s central role in credit reporting nationwide. This makes it one of the most serious cybersecurity incidents in Southeast Asia in recent years.

6. Expert Commentary

Independent specialists emphasize that this is not just a financial issue but a systemic one. “This breach is a turning point,” said one cybersecurity analyst. “We are not just looking at stolen bank cards; this is about long-term trust in Vietnam’s financial infrastructure.”

7. What You Can Do Right Now

Authorities and cybersecurity experts urge Vietnamese citizens to take immediate precautions:

  • Change passwords for all online banking and financial accounts
  • Enable two-factor authentication wherever possible
  • Monitor accounts for unusual activity and request credit monitoring services
  • Stay alert for phishing calls or emails posing as banks or regulators
  • Contact banks to review recent card transactions
  • Consider reissuing government IDs if leaks are confirmed
  • Temporarily freeze your credit report to prevent fraudulent use
Why This Breach Matters

The Credit Institute of Vietnam breach is more than a data leak—it strikes at the heart of financial trust and national security. With stolen records being marketed for a relatively modest sum on darknet forums, the threat is not only immediate but could persist for years as data circulates across underground markets.

For regulators, financial institutions, and individuals, the message is clear: vigilance and rapid response are essential to minimize the fallout of one of the most dangerous cyber incidents ever reported in Vietnam.

Vietnam Issues Cybersecurity Warning After Data Breach at National Credit Information Center

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HANOI — The Vietnam Computer Emergency Response Team (VNCERT) has confirmed a cybersecurity incident at the National Credit Information Center (CIC), with initial findings indicating signs of a criminal attack aimed at stealing personal data. Authorities say urgent containment measures have already been deployed.

According to VNCERT, the breach was first reported on September 10. Early investigations revealed evidence of unauthorized access and data compromise. The Cybersecurity and High-Tech Crime Prevention Department immediately directed VNCERT to coordinate with major information security providers including Viettel, VNPT, and NCS, along with CIC and relevant units under the State Bank of Vietnam. Joint technical and operational measures have been launched to contain the threat, verify the scope, and secure the system. Evidence related to the breach is also being collected for legal action.

Preliminary results suggest that cybercriminals infiltrated CIC systems with the intent of stealing sensitive personal data. The exact scale of the compromised data is still under assessment.

Sales listing on a hacking forum. Image: DataBreaches.net.

VNCERT has issued a strict warning, urging organizations and individuals not to download, share, exploit, or use any leaked data. Violators will face legal consequences under Vietnamese law.

The agency further advised government agencies, businesses, and especially financial institutions and banks to review their systems and comply with the newly issued national standard TCVN 14423:2025 on cybersecurity for critical information infrastructure. Citizens are also urged to remain vigilant against potential misuse of stolen data, including scams, malware distribution, and fraudulent asset appropriation.

This breach highlights growing risks in Vietnam’s financial and digital infrastructure, underscoring the importance of robust cybersecurity standards and coordinated response mechanisms.

Trump Ally Charlie Kirk Shot Dead During Speech at Utah Valley University

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Utah, USA – Conservative activist Charlie Kirk, a key ally of President Donald Trump, was shot dead while delivering a speech at Utah Valley University on September 10. The shocking incident has sparked nationwide grief and renewed concerns about political violence in the United States.

Shooting at Utah Valley University

Gunfire erupted at around 12:20 p.m. local time (11:20 p.m. Hanoi time) as Kirk, 31, addressed an audience of nearly 3,000 people at the university campus in Orem, Utah. Witnesses reported that Kirk suddenly clutched his neck before collapsing.

Video clips shared online captured the chaotic moment of the shooting, as the crowd screamed and rushed for safety. Authorities believe the shooter may have fired from a rooftop. The suspect remains at large.

“This is a dark day for our state and a painful moment for our nation,” Utah Governor Spencer Cox said, calling the attack a politically motivated assassination.

Trump Mourns “Legendary” Ally

President Donald Trump confirmed Kirk’s death on social media, calling him “great, even legendary” and praising his deep connection with America’s youth.

“No one understood and connected with young Americans better than Charlie. He was loved and admired by so many, especially by me,” Trump wrote, announcing flags across the U.S. would be flown at half-staff until September 14.

Witness Accounts of Chaos

Former Utah Congressman Jason Chaffetz, who was present, described the moments before the attack.

“Kirk was answering a question about mass shootings when the gunfire erupted. He collapsed immediately. People screamed and ran,” Chaffetz told Fox News.

Another attendee, Sophie Anderson, 45, recalled: “He was shot in the neck, and there was blood everywhere. It was horrifying.”

Who Was Charlie Kirk?

  • Founder of Turning Point USA, America’s largest conservative youth organization.

  • Host of the popular Charlie Kirk Show podcast and frequent Fox News contributor.

  • Amassed over 5.3 million followers on X (Twitter).

  • Played a critical role in mobilizing young voters for Trump’s 2024 presidential comeback.

Kirk’s sudden death is seen as a major blow to the conservative movement and to Trump’s support base among young voters.

A Nation in Shock

Law enforcement agencies have sealed off the scene and are questioning potential suspects. Meanwhile, political leaders and commentators across the spectrum are calling for calm as investigations continue.

The Utah Valley University shooting is expected to reignite debates about gun violence, political extremism, and security at public events in the U.S.

Vietnam to Launch Online Gold Exchange, Allows Private Imports for First Time in a Decade

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Vietnam Insider – Vietnam will open an online gold exchange and, starting next month, permit private companies to import gold for the first time in over ten years. The measures are designed to cool soaring domestic gold prices and bring the market closer in line with global trends.

According to the State Bank of Vietnam (SBV), the central bank is studying international models as it works on launching the exchange. Authorities are also considering whether gold could be traded through the Mercantile Exchange of Vietnam or at a planned international financial center, Deputy Governor Pham Quang Dung said.

The government’s new decree, effective October 10, ends the SBV’s monopoly on gold bullion production and allows qualified firms to import gold under annual quotas. Economists say this could help stabilize supply, narrow the gap with international prices, and improve market transparency.

Gold remains a popular investment and store of value in Vietnam, but domestic prices have surged 60% since the start of the year and remain about 23% higher than global benchmarks. Previous attempts by the central bank to ease pressure through auctions and bank sales have had limited success.

Economist Vo Tri Thanh noted that while imports could ease prices, they may also add pressure on Vietnam’s foreign exchange reserves: “The more gold you import, the larger the outflow of U.S. dollars.”

In parallel, the central bank said it will strengthen oversight of gold trading firms to combat speculation, money laundering, and illegal cross-border flows. The announcement comes as authorities prosecute a former CEO of Saigon Jewellery, a state contractor for bullion production, on charges of embezzlement and abuse of power.

How to Plan a Complete Vietnam Trip for Under $500

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Vietnam has become one of Asia’s most affordable and rewarding destinations, especially for Indian travelers and other budget-conscious tourists. With its stunning landscapes, vibrant street food culture, and rich history, the country offers an immersive holiday experience that doesn’t have to cost more than $500 for a six- to seven-day trip—if you plan wisely.

Managing the Biggest Costs: Flights and Visa

Airfare is the largest expense. Round-trip flights from India to Vietnam typically range between $215 and $265 when booked in advance. Low-cost carriers like VietJet Air, AirAsia, and IndiGo frequently offer competitive fares, often via Bangkok, Kuala Lumpur, or Singapore.

The visa process is also simple and affordable. Indian travelers can apply online for an e-visa at about $25, with processing times of 3–5 working days.

Tip: Book flights two to three months ahead and use tools like Skyscanner or Google Flights to track price drops.

Choosing the Right Itinerary

To avoid extra travel costs, focus on one region instead of trying to see the entire country in a single trip. Two popular options are:

  • North Vietnam: Hanoi and Ha Long Bay, combining history, culture, and dramatic landscapes.
  • South Vietnam: Ho Chi Minh City and the Mekong Delta, blending vibrant city life with rustic riverside charm.

Covering both regions in one budget trip adds significant internal travel costs, so it’s better to explore deeply in one area.

Foreign tourist in Vietnam. Photo: @clumsy_charly & @backofthebiketours
Affordable Accommodation

Vietnam offers excellent value for accommodations. Clean and comfortable hostels start around $6–8 per night, while budget hotels and guesthouses typically range from $14–22 per night. For six nights, expect to spend $72–96 in total.

Eating on a Budget

Vietnam is a food lover’s paradise, and eating well on a budget is easy. Street food staples like pho (noodle soup), banh mi(baguette sandwich), and spring rolls usually cost $1–2.50 per meal. Daily meals can be managed for about $7 if you stick to local eateries.

Must-try dishes include Hanoi’s famous egg coffee, Da Nang’s fresh seafood, and Ho Chi Minh City’s smoky street-side barbeques.

Getting Around
  • Within cities: Ride-hailing apps like Grab are inexpensive, with most rides costing $1–2.
  • Between cities: Sleeper buses and trains are an affordable adventure, priced at $18–24 for routes like Hanoi–Da Nang.
  • Day tours: Shared group tours to Ha Long Bay or the Mekong Delta cost around $24–30, including transport and meals.
Attractions That Won’t Break the Bank

Vietnam’s cultural sites and museums charge modest fees, usually $1–4. Highlights include:

  • Hoan Kiem Lake and Hanoi Old Quarter – free to explore
  • Cu Chi Tunnels (Ho Chi Minh City) – about $5
  • Ha Long Bay day cruise – from $24
  • War Remnants Museum (Ho Chi Minh City) – about $3
Sample Budget (6 Nights/7 Days)
  • Flights: $240
  • Visa: $25
  • Stay: $85
  • Food: $48
  • Transport & Tours: $60
  • Miscellaneous (shopping, extras): $24
    Total: ≈ $480
Tips for Staying on Budget
  • Travel during shoulder seasons (March–April or September–October) to avoid peak prices.
  • Carry U.S. dollars for currency exchange, which generally yields better rates than Indian rupees.
  • Skip luxury cruises and resorts; opt for shared tours and hostels.
  • Pre-book tours online to lock in discounts.
  • Bring essentials like a power bank, basic medicines, and a reusable water bottle to avoid extra costs.
FAQs
  • Is Vietnam cheaper than Thailand? Yes—Vietnam is generally more affordable for food, accommodation, and sightseeing.
    How many days are enough? Six to seven days are ideal for exploring one region, while a full-country trip requires 12–14 days.
    Is vegetarian food available? Yes, though somewhat limited. Look for “chay” restaurants that specialize in vegetarian cuisine.
    Do I need to book a package tour? Not at all. Independent travel is easy, thanks to budget airlines, online booking platforms, and apps like Grab.

With thoughtful planning, a week-long Vietnam trip can be enjoyed for under $500, covering flights, stay, food, transport, and attractions. From the bustling streets of Hanoi to the serene waters of Ha Long Bay, Vietnam offers priceless experiences—without the price tag.

U.S. Import Tariffs Could Push Nearly One Million More Americans Into Poverty

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Vietnam Insider — A new study by Yale University warns that President Donald Trump’s import tariff policies could drive nearly one million additional Americans into poverty by 2026.

On September 9, The Budget Lab, a research center at Yale, released a report estimating that Trump’s tariff plan would increase the U.S. poverty population by about 875,000 people within two years, including approximately 375,000 children.

The findings are based on the Official Poverty Measure (OPM) — the long-standing benchmark of the U.S. Census Bureau, which evaluates poverty using pre-tax income. According to researchers, the impact of higher import taxes and consumer prices will fall disproportionately on low-income households, as they spend a larger share of their earnings on essential goods. This makes them more vulnerable to price shocks.

Economists also note that poorer households tend to purchase more imported goods — the very products most affected by tariffs. Official U.S. data released on September 9 showed nearly 36 million Americans were living in poverty by the end of last year.

“Import tariffs are essentially taxes on American families because they target goods and services, not income,” explained John Ricco, Policy Research Director at The Budget Lab. The center projects that the U.S. poverty rate could rise from 10.4% to 10.7% as a result of tariff policies.

Responding to the report, White House spokesperson Taylor Rogers told CNN that Trump’s first-term economic agenda “helped families grow wealthier while reducing income inequality.” He argued that in a second term, a combination of domestic tax cuts, import tariffs, and increased investment would “end the economic disaster caused under Joe Biden.”

Rogers also pointed to fresh government data showing that U.S. inflation is cooling, claiming tariffs have not raised prices “as so-called experts predicted.” The Producer Price Index (PPI) unexpectedly fell 0.1% in August. However, Barclays economists cautioned that the headline PPI data “masked underlying strength” and warned that “inflation remains persistent.”

On average, U.S. tariffs on imported products now stand at 17.4% — the highest level since 1935, according to The Budget Lab.

Trump’s tariff policies also face legal headwinds. After unfavorable rulings from the U.S. Court of International Trade in Manhattan and the federal appeals court in Washington, the government has appealed to the Supreme Court. On September 9, the Court agreed to hear the case.

If the tariffs are ultimately deemed unlawful, roughly 70% of Trump’s announced trade measures this year could be struck down. Still, analysts and even Trump administration officials suggest the president will look for alternative ways to preserve them.

The Dark Side of Crypto: Common Scams Every Investor Should Watch Out For

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The cryptocurrency market has emerged as one of the most dynamic investment frontiers, offering both immense opportunities and significant risks. Alongside legitimate projects and innovations, a growing number of scams are targeting investors worldwide.

Understanding how these scams work is the first step in protecting your assets.

Exploiting Investor Emotions

Volatility is a hallmark of the crypto market, and scammers exploit it skillfully. Many schemes feed on fear of missing out (FOMO), urging investors to “act now” before prices skyrocket. Others manipulate fear of loss, pushing investors into rash decisions. When urgency overrides rational thinking, fraudsters gain the upper hand.

Phishing: Fake Emails and Websites

Phishing remains one of the most common tricks in the digital asset space. Fraudsters send emails that appear to be from trusted exchanges or wallet providers, often embedding links to convincing fake websites. Once investors input their credentials or seed phrases, criminals gain full access to their wallets. Even experienced traders can be deceived by the sophistication of these imitations.

“Ghost” Projects and False Promises

Another widespread scam is the creation of fake investment projects—complete with professional-looking websites, whitepapers, and social media campaigns. These so-called startups promise revolutionary technology and extraordinary returns. In reality, they are designed to siphon funds before disappearing, leaving investors with worthless tokens or nothing at all.

How to Stay Protected

Practical steps can help investors minimize risk:

  • Verify before you trust: Always double-check URLs, email domains, and official project details.
  • Do your own research: Go beyond promotional material; seek independent, credible analysis.
  • Question unrealistic returns: Any promise of guaranteed profit should be treated as a warning sign.
  • Protect your keys: Never share private keys or recovery phrases under any circumstances.

The promise of cryptocurrency comes with undeniable risks. While the market offers legitimate opportunities, it also attracts bad actors seeking to exploit investor enthusiasm. By staying informed, verifying sources, and exercising caution, investors can avoid costly traps and focus on real, value-driven opportunities in this rapidly evolving space.

Blue-Chip Stocks Help Vietnam’s Market Rebound After Sharp Morning Losses

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(Vietnam Insider) – Vietnam’s stock market staged a late-session recovery on September 11, with the VN-Index climbing 10 points after a steep morning decline. Gains in key large-cap stocks—particularly VIC, VHM, and LPB—provided the backbone for the turnaround, while MWG, FPT, and STB also reversed course to support the rally.

Market Reversal in Afternoon Session

The VN-Index began the afternoon still in negative territory, slipping further below its reference level. However, momentum improved after 2 p.m., lifting the benchmark index above water and eventually closing the session up by around 10 points.

Blue-chip strength was critical: Vingroup (VIC), Vinhomes (VHM), and LienVietPostBank (LPB) held firm in positive territory with steady liquidity. Meanwhile, Mobile World (MWG), FPT, and Sacombank (STB) bounced back from losses, giving the index further support.

Despite the rebound, the overall market picture remained fragile—described as “green shell, red core”—with more than 200 stocks still declining on the HoSE.

Morning Session Dragged by Heavy Selling

Earlier in the day, the VN-Index plunged below the 1,640-point mark during the opening auction (ATO) and slid further as selling pressure spread across sectors. The benchmark ended the morning at 1,629.5 points, down nearly 14 points from the previous session.

  • Decliners dominated: 261 stocks fell (73% of listings), while only 75 advanced.
  • Notable outliers: Eight mid- and small-cap stocks hit their ceiling prices.
  • Sector performance: Only real estate, chemicals, retail, and technology recorded gains, with Vingroup and Vinhomes providing the strongest cushion.
Banking and Securities Under Pressure

The banking and securities sectors led the morning downturn:

  • Securities: VIX slumped 5.3% with over VND 1 trillion in trading value. SSI dropped nearly 3% but led the market in liquidity at over VND 2.3 trillion. Other brokers—VND, HCM, FTS, VDS, CTS—fell 2–3.9%.
  • Banking: VPB dropped 3.5%, while SHB, ACB, CTG, EIB, HDB, and MSB all shed more than 2%. Only LPB and KLB managed to hold gains across the sector.
Liquidity and Foreign Flow

Liquidity surged: HoSE turnover reached nearly VND 19.9 trillion in the morning, 1.5 times higher than the same period yesterday.

Foreign investors net sold: roughly VND 1.23 trillion, with SSI facing nearly VND 398 billion in outflows. MSB and SHB also saw heavy net selling above VND 100 billion each.

Analyst Outlook

In a morning note, VPBank Securities (VPBankS) commented that the previous day’s rebound was largely technical and dependent on blue-chip support. The VN-Index remains below its 20-day moving average (MA20), with liquidity still weaker than the 20-session average—signaling insufficient demand to confirm a sustained recovery.

VPBankS expects the index to fluctuate between 1,625 and 1,655 points in the near term, with performance diverging across sectors. The firm advises investors to avoid chasing rallies and instead consider short-term T+ trades (buying and selling quickly) in stocks that hold above MA20 or show reversal signals at technical support levels.

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