Vietnam Insider - Page 65 of 1521

Pilot Error Suspected in the Air Crash That Killed 179: Wrong Engine Shut Down After Bird Strike

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A Jeju Air pilot is suspected of mistakenly shutting down the less damaged engine following a bird strike during a landing attempt at Muan Airport, South Korea, in late December last year — a critical error that may have led to the country’s deadliest aviation disaster, resulting in 179 fatalities.

Investigation Reveals Critical Misjudgment

According to a Reuters report on July 21 citing sources close to the investigation, a multinational probe led by South Korean authorities has uncovered “clear evidence” indicating that the pilot turned off the aircraft’s left engine — which was less damaged — instead of the right engine, which had sustained more severe impact from the bird strike.

Data recovered from the cockpit voice recorder, onboard computer systems, and engine control switches found in the wreckage supports this conclusion. A source familiar with the matter stated, “The investigation team has robust data and evidence, and this conclusion will not change,” speaking on condition of anonymity due to the confidential status of the preliminary report.

Further analysis by South Korean government officials of the two engines recovered from the crash site confirmed that neither engine showed signs of malfunction prior to the bird strike that preceded the crash.

Deadliest Aviation Tragedy in South Korea’s History

The fatal crash occurred on December 29, 2024, at Muan International Airport, involving a Jeju Air Boeing 737-800. The aircraft was carrying 179 passengers and crew members — all of whom perished, except for two surviving flight attendants. It is now considered the deadliest aviation accident to ever occur on South Korean soil.

At a press briefing with victims’ families last weekend, investigators reported that the right engine had sustained more damage due to the bird strike compared to the left engine. They also revealed indirect evidence suggesting the pilot shut down the less damaged left engine during the emergency response.

These findings were reported by major Korean news outlets, including MBN and Yonhap News Agency. However, the Korean Aviation and Railway Accident Investigation Board (ARAIB), which is leading the inquiry, has declined to comment. Aircraft manufacturer Boeing also refused to respond, while CFM International — the joint venture between GE (U.S.) and Safran (France) that manufactured the engines — has yet to issue a statement.

Jeju Air has stated it is fully cooperating with ARAIB and is awaiting the official release of the investigation results.

Growing Tensions and Delayed Report Release

According to international aviation regulations, a final accident report is typically published within one year of the incident. A preliminary report issued in January noted the presence of bird remains in both engines but did not detail the extent of damage to each.

On July 19, ARAIB abruptly canceled a planned media briefing to provide an updated report following objections from victims’ families. Legal representatives argued that the draft report appeared to place disproportionate blame on the pilot without fully investigating other contributing factors.

Runway Collision and Explosion Worsened Casualties

The Jeju Air aircraft reportedly landed belly-first on the runway before skidding off and striking a concrete barrier housing navigation equipment. The collision triggered a fire and partial explosion, compounding the tragedy.

Both the victims’ families and Jeju Air’s pilots’ union have demanded that investigators also examine the role of the barrier in the unusually high death toll. The union accused ARAIB of “misleading the public” by downplaying damage to the left engine, despite evidence of bird remains in both engines. It also criticized the agency for failing to address the potential accountability of airport authorities or aviation regulators.

Representatives for the victims’ families expressed concern that some language in the draft report may be misinterpreted as conclusive, reiterating that all aspects of the crash must be thoroughly examined before any official report is released.

Vietnam Proposes 20% Annual Capital Gains Tax on Stock Sales

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Vietnam’s Ministry of Finance has proposed a 20% annual capital gains tax on individual residents who earn income from securities trading, marking a potential shift in how capital market profits are taxed in the country.

Key Changes Proposed in the Draft Personal Income Tax Law

Under the draft of a revised Personal Income Tax Law, the Ministry of Finance is seeking to reform how taxes are calculated on the transfer of securities and capital. Specifically, it proposes that resident individuals who sell securities would be subject to a 20% tax on their annual taxable income from capital gains. This taxable income would be calculated as the selling price minus the purchase price and any related, reasonable costs incurred during the taxable year.

In cases where the purchase price and associated costs cannot be determined, a flat tax of 0.1% on the gross sale value would apply on a per-transaction basis.

For capital transfers (non-securities), the ministry also proposes a 20% tax on each transaction’s capital gain. If the original cost and expenses are unverifiable, a flat 2% tax on the transaction value would apply.

Current Tax Structure and the Need for Reform

Under the existing Personal Income Tax Law No. 04/2007, effective since 2009, Vietnam has allowed two methods of taxing securities transactions. The primary method requires individuals to pay a provisional tax of 0.1% on each transaction’s sale price during the year. At year-end, they may reconcile their annual income and claim a refund or make additional payments based on actual gains, subtracting provisional tax already paid.

If the cost basis and related expenses are unverifiable, the flat 0.1% tax on each sale applies without the need for end-of-year reconciliation.

However, since 2013, Law No. 71/2014 introduced a unified system that levies a 0.1% tax on the transfer value of each transaction, regardless of whether the trade results in a gain or loss. This blanket approach has drawn criticism from investors and tax experts, many of whom argue it unfairly taxes loss-making transactions. Industry stakeholders have repeatedly called for a more equitable system that taxes only realized profits.

Global Tax Practices Inform Proposed Reforms

According to the Ministry of Finance, the proposed revisions are informed by international practices and lessons learned from Vietnam’s tax administration over the years. The ministry notes that most countries tax capital gains from securities and equity transfers, though the methods vary widely.

Some jurisdictions tax a percentage of the transfer value, while others apply tax only to net gains. Some countries also distinguish between listed and unlisted securities when applying tax rates.

For example, Indonesia applies a 0.1% withholding tax on revenue from listed share transactions. The Philippines imposes a 0.6% tax on the total value of securities transactions. Japan levies a fixed 20.3% capital gains tax on certain securities such as stocks, bonds, and warrants. China applies a 20% tax on income from unlisted securities, while Thailand treats capital gains as part of general taxable income and applies the personal income tax rate accordingly.

The proposed changes signal a shift in Vietnam’s approach to taxing capital market activity, potentially making the system more aligned with international norms. If adopted, the move could have significant implications for both retail investors and institutional market participants.

The Ministry of Finance is expected to continue collecting feedback before finalizing the revised tax law for submission to the National Assembly.

Vietnamese Police Successfully Defuse Hostage Crisis Using Psychological Tactics

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Phu Tho, Vietnam – In a tense overnight standoff, Major General Nguyen Minh Tuan, Director of the Phu Tho Provincial Police Department, personally led a hostage rescue operation, employing psychological tactics to persuade an armed man to release his victim unharmed.

Authorities confirmed on July 21 that 33-year-old Mai Duc Giang is currently in criminal detention while under investigation for unlawful detention and other related offenses. The incident, which unfolded on the night of July 20, stemmed from a personal dispute involving Giang and the victim.

According to the Phu Tho Police, Giang chased a taxi operated by driver Cuong and carrying passenger Thu Trang—both residents of Tram Than commune. The pursuit ended near the Ngoc Thap Bridge on the Ho Chi Minh Highway in Hien Quan commune, where Giang forcibly approached the vehicle. He then smashed the taxi window with a metal rod before attacking the driver with a knife, causing injuries.

Giang subsequently entered the vehicle, held the knife to Trang’s throat, cut her hair, and physically assaulted her, causing her to panic. By 11:00 p.m., he remained barricaded inside the taxi, holding her hostage at knifepoint.

Upon receiving an emergency alert from the Criminal Police Division, Major General Tuan and the Deputy Police Chief arrived at the scene to take command. Despite police presence, the suspect continued to scream, issue threats, and brandish weapons while refusing to surrender.

Recognizing the escalating danger, Major General Tuan approached the suspect directly and began a psychological intervention. Police also brought Giang’s parents and child to the scene in an effort to appeal to his emotions and encourage a peaceful resolution. Meanwhile, a tactical unit stood ready to intervene if the suspect became violent.

After more than three hours of high-stakes negotiation, at approximately 2:30 a.m. on July 21, authorities safely subdued Giang and rescued the hostage without any fatalities or serious injuries.

The investigation is ongoing, with authorities working to clarify all aspects of the case.

EMS Manufacturing in Vietnam Gains Global Momentum with Turnkey PCB Assembly Solutions

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As global supply chains continue to diversify beyond China, EMS manufacturing in Vietnam is emerging as a strategic alternative for international electronics brands seeking scalability, cost-efficiency, and resilience. From turnkey PCB assembly to box-build integration, Vietnam is rapidly climbing the value chain in high-tech manufacturing — backed by strong foreign direct investment (FDI), competitive labor costs, and a growing ecosystem of local component suppliers.

Vietnam’s Emerging Role in EMS Manufacturing

Over the past decade, Vietnam has quietly but steadily transformed its industrial base. Initially known for textile, garment, and basic assembly operations, the country is now attracting attention for its sophisticated Electronics Manufacturing Services (EMS) sector. This shift reflects Vietnam’s growing capability to support not only labor-intensive production, but also technically complex products and value-added services.

Major manufacturing zones such as Ho Chi Minh City, Bac Ninh, and Da Nang now host modern EMS factories that serve a wide range of global clients. These facilities are capable of supporting full product life cycles — from design for manufacturability (DFM) and prototype development, to high-volume PCB assembly and final product integration.

The Vietnamese government has played an active role by developing high-tech industrial parks and offering incentives for semiconductor-related investment. Recent policy roadmaps aim to boost R&D capacity, develop skilled engineering talent, and integrate local firms into global value chains.

For a real-world look inside one of Vietnam’s most advanced electronics factories, watch our exclusive factory tour video below. You’ll explore how turnkey PCB assembly lines operate — from high-speed SMT machines to full box-build systems — and hear insights from the factory director on Vietnam’s evolving role in EMS manufacturing.

Turnkey PCB Assembly Services Gain Traction in Vietnam

A standout feature of Vietnam’s EMS landscape is the increasing adoption of turnkey PCB assembly services. Under this model, EMS providers take full responsibility for the production process — sourcing all components, manufacturing the printed circuit boards (PCBs), and completing the final assembly and functional testing.

This model provides OEMs and startups alike with several key advantages:

Streamlined procurement and logistics, reducing the complexity of managing multiple suppliers
Faster time to market, especially for New Product Introduction (NPI) and iterative prototyping
Greater quality control, thanks to centralized production and traceable component sourcing
Cost savings through economies of scale and local vendor partnerships

Factories offering turnkey PCBA services in Vietnam are increasingly automated, with SMT lines capable of placing 0201-size components, AOI (Automated Optical Inspection), X-ray inspection, and in-circuit testing (ICT). In many facilities, MES (Manufacturing Execution Systems) are used to track process parameters in real time, enhancing transparency and compliance for international customers.

FDI Growth and Supply Chain Diversification Fuel Vietnam’s EMS Sector

Vietnam’s emergence in the EMS sector coincides with a broader strategic shift in global manufacturing. Rising costs in China, geopolitical uncertainty, and a renewed focus on supply chain resilience have prompted multinational companies to adopt a “China Plus One” strategy — and Vietnam is at the top of the list.

Foreign direct investment (FDI) in Vietnam’s electronics manufacturing sector has surged, with industry giants such as Foxconn, Pegatron, Jabil, and Amkor establishing or expanding operations. These investments not only bring advanced production capacity, but also contribute to skill development and technology transfer across the Vietnamese supply chain.

Mid-sized OEMs and contract manufacturers from Europe and North America are also setting up sourcing offices or collaborating with local EMS partners for flexible, scalable production. Turnkey PCBA in Vietnam allows them to avoid upfront capital expenditures while maintaining control over quality and IP protection.

Importantly, local sourcing capabilities have grown significantly. Many EMS companies can now procure up to 60–70% of standard components locally or from neighboring countries such as Thailand and Malaysia. This contributes to shorter lead times and reduced exposure to global supply shocks.

Key Sectors Benefiting from EMS and PCBA Manufacturing in Vietnam

Vietnam’s EMS factories serve a broad range of industries, with demand growing most rapidly in the following sectors:

Telecommunications and IoT: Vietnam supports the assembly of routers, smart meters, gateway devices, and 5G infrastructure equipment.
Medical Devices: With strict regulatory requirements, Vietnam’s EMS providers are increasingly capable of producing low-volume, high-complexity boards with full traceability and testing.
Automotive Electronics: As EV production expands across Asia, PCB assemblies for battery management systems, infotainment units, and ECUs are in high demand.
Consumer Electronics: Vietnam’s stable infrastructure, low-cost labor, and improving logistics make it ideal for manufacturing smart wearables, headphones, and connected home devices.

Vietnamese EMS firms are also moving upstream — offering design support, software integration, and supply chain management services that traditionally fell outside their scope.

Future Outlook for EMS and Electronics Manufacturing in Vietnam

With the global EMS market expected to surpass USD 800 billion by 2030, Vietnam is positioned to capture a meaningful share. The country’s advantage lies not only in cost but in its flexibility, political stability, growing talent pool, and improving local supplier network.

Challenges remain — including infrastructure gaps in inland regions, limited availability of certain high-end ICs, and the need for deeper R&D investment. However, with public-private partnerships and increased collaboration between global OEMs and Vietnamese firms, the country is well on its way to becoming a regional high-tech manufacturing hub.

As sustainability and ESG compliance become essential across the electronics industry, many EMS factories in Vietnam are also pursuing ISO 14001, RoHS, and REACH certifications. Some have even adopted green manufacturing initiatives such as solar-powered production lines and zero-waste targets.

Conclusion

Vietnam’s position in the global EMS and turnkey PCB assembly value chain is no longer a secondary option — it is a strategic driver of competitive advantage. From prototype development to high-volume production, international OEMs are discovering that Vietnam offers a rare combination of quality, cost-efficiency, speed, and long-term scalability.

As the country continues to integrate into the global semiconductor and electronics ecosystem, those who invest early in Vietnam’s EMS landscape stand to gain not only from operational savings, but also from strategic resilience in a fast-changing manufacturing world.

Vietnam’s OEM Manufacturing Landscape in 2026 : Tips for Sourcing your Own Product

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As global supply chains continue to diversify, OEM manufacturing in Vietnam has emerged as a powerful solution for companies seeking custom, cost-effective, and export-ready production. Once known mainly for textiles and low-value assembly, Vietnam is now establishing itself as a rising hub for Original Equipment Manufacturing (OEM) across sectors like electrical systems, industrial machinery, green technology, and consumer electronics.

Vietnam’s Manufacturing Landscape: Unlocking the OEM Opportunity

In the first half of 2025, the manufacturing and processing sector grew by 10 percent, reflecting the country’s transition from basic assembly work to higher-volume production with improved technical capabilities. During the same period, exports rose by 14.4 percent, with processed industrial goods accounting for more than 88 percent of total export value. This indicates Vietnam’s increasing ability to deliver value-added and customized products for international markets.

Vietnam and the United States may recently have reached a trade agreement that sets the average export tariff on Vietnamese goods entering the US at 20 percent, a rate lower than that of many other countries in the region. This development strengthens Vietnam’s position in OEM manufacturing, particularly as the US remains its largest export destination.

In this video, we visit an OEM factory in Binh Duong that specializes in producing electrical panels and sheet metal parts for export. Watch to discover the production capabilities of OEM factories in Vietnam and understand why the country is becoming a competitive hub for custom manufacturing.

What Makes Vietnam Attractive for OEM Manufacturing?

Competitive Labor Costs

According to the 2025 report by World Population Review, Vietnam’s minimum wage is approximately 0.76 dollars per hour, while in China it stands at 1.27 dollars per hour — a difference of about 40 percent. This wage gap offers a significant cost advantage for manufacturers, especially in labor-intensive sectors like textiles, electronics, and OEM production.

MovetoAsia sourcing agency team visiting one Vietnam garments factory

Recent surveys also show that Vietnamese factory workers earn an average of 250 to 400 dollars per month, making Vietnam one of the most cost-effective options in the region for both manufacturing and back-office outsourcing. This affordability, combined with an increasingly skilled workforce, continues to attract international buyers seeking efficient and scalable production.

End-to-End Value Chain Capabilities

Modern factories in Vietnam offer more than just low-cost labor — they deliver end-to-end value chain capabilities. From product design, prototyping, and engineering support to sheet metal fabrication, enclosure production, wiring, final assembly, and functional testing, many Vietnamese manufacturers can manage the entire OEM process in-house. This integrated approach reduces lead times, minimizes risks in coordination, and ensures consistent product quality — making Vietnam a highly attractive destination for brands seeking scalable and efficient OEM solutions.

Flexible Order Quantities

Vietnamese OEM manufacturers are known for their flexibility in both order quantities and customization. Whether you’re placing a small pilot order, a mid-sized batch, or scaling up to mass production, many factories can adjust accordingly. This adaptability makes Vietnam an ideal choice for startups testing new products, niche brands offering multiple product variations, and established companies seeking responsive and reliable manufacturing partners.

Key OEM Manufacturing Sectors in Vietnam

Vietnam’s OEM manufacturing strength is supported by several globally integrated industries. In textiles and garments, the country remains a leading exporter, producing for major international brands such as Nike, Adidas, and H&M.

The furniture sector continues to perform strongly, supplying well-known brands like IKEA and Ashley Furniture. Vietnamese manufacturers in this space offer competitive capabilities in both large-scale production and customized design work, making them ideal OEM partners.

Electronics is also an increasingly important OEM sector, with factories in provinces like Bac Ninh and Bac Giang producing components and sub-assemblies for major global supply chains. These manufacturing clusters support international clients through services such as PCB production, wiring systems, and control modules.

Challenges for OEM Manufacturing in Vietnam

Vietnam’s manufacturing ecosystem includes a wide range of factories. While larger factories often follow structured quality systems, smaller ones may lack standardized QC processes or trained staff. This makes quality control a key concern, especially when working with lower tier suppliers.

In several sectors, particularly textiles, Vietnamese manufacturers rely heavily on raw materials imported from countries like China. This dependence can lead to supply chain disruptions, longer lead times, and price volatility, especially during global trade tensions or logistical bottlenecks.

Infrastructure is another key limitation. Vietnam’s transport and logistics systems, while improving, still fall behind China’s in terms of efficiency and capacity. Factories located outside major industrial hubs may face issues such as limited warehouse space, slower cargo movement, and higher transportation costs, all of which can affect production timelines and delivery schedules.

Vietnam’s OEM Future

Vietnam is no longer just a low-cost alternative. It is steadily becoming a full-service OEM manufacturing hub across key sectors like textiles, furniture, electronics, and industrial components. With competitive labor costs, flexible production capabilities, and increasing export performance, the country offers strong appeal for global brands seeking scalable and customized manufacturing solutions.

Looking ahead, Vietnam is poised to move further up the value chain. As infrastructure improves and investments in technology and workforce training accelerate, the country has the potential to support more advanced and high-value OEM projects. For companies planning their next manufacturing strategy, Vietnam is not only relevant today but increasingly strategic for the future.

Day in the Life of a Prop Firm Trader: What to Expect

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Ever wondered what it’s really like to be a prop firm trader? Maybe you’ve scrolled through those “pass the challenge” screenshots or joined a Discord to ask about Funding Rock funding solutions, only to realize nobody’s sharing what a normal Tuesday actually feels like. If you’re considering the leap—or you’re just curious about the behind-the-scenes reality—here’s a brutally honest look at the daily routine, the ups and downs, and what you can expect if you decide to trade with a prop firm.

The Morning: Checking the Rules (and Your Nerves)

For most prop firm traders, the day starts earlier than you’d expect. Forget rolling out of bed at noon—by 7 or 8 a.m., you’re usually at your desk, coffee in hand, scanning your firm’s dashboard for overnight emails or any sudden rule changes. (Yes, that happens more often than you’d think, especially if you’re using prop firms known for active rule adjustments.)

First step? Check your funded account’s metrics. Are you within your daily drawdown limit? Did you accidentally let a trade slip past a major news event? You’d be surprised how many traders have lost their funding because they missed a “no trading during NFP” warning in the morning update.

Pre-Market Rituals: Analysis Over Hype

Forget the hype videos. A real day-in-the-life means running your own technical analysis, reviewing news calendars, and prepping your watchlist. Prop firm traders need to be on top of market volatility—not just chasing signals. The best in the game keep meticulous journals, jotting down possible setups, target zones, and (most importantly) risk management plans.

Here’s the twist: you’re always trading with someone else’s money. That means every position, lot size, and stop-loss gets double-checked. It’s not just about hunting profits; it’s about staying funded.

The Trading Session: Focus, Discipline, and (Sometimes) Boredom

Once the session opens, it’s all about patience. Most prop firms (whether you’re with FTMO, Funding Rock, or another) are strict about rules: don’t overleverage, don’t overtrade, and don’t get cute with banned strategies. Some days, the best trade is no trade at all.

Realistically, a lot of time is spent waiting for your setup. No matter what those Instagram reels show, real prop traders aren’t glued to the screen pulling the trigger every five minutes. You might only place one or two high-quality trades in a day—if any.

And yes, the psychological side is real. Every decision has a weight to it. More than a few traders will admit their heart rate jumps when they size up on a big opportunity. Some cope with quick walks, some meditate, some just clutch that second coffee for dear life.

Midday Check-In: Reviewing and Resetting

After a morning of trading (or sitting on your hands), it’s time to check results—and emotions. The best prop firm traders pause to review what went well, what got missed, and whether any trades got a little too emotional. If you’re under a daily loss limit, this is when you decide: step back, or risk losing your funded status by forcing a comeback.

This break is also prime time for hopping into a prop firm community chat or Discord. These groups are goldmines for tips, commiseration, and accountability. Don’t underestimate the value of a quick vent with traders who get it.

Afternoon: More Analysis, Sometimes More Waiting

Depending on your strategy and your prop firm’s rules, the afternoon could mean watching another market open, or simply stepping away. Many funded traders set a hard stop-time (no “revenge trading” after lunch!), while others look for secondary setups.

The biggest lesson? Boredom is part of the gig. Prop firm trading isn’t constant action. The best traders know how to manage downtime—whether it’s tweaking journals, reviewing old trades, or just getting some fresh air.

End of Day: Journaling, Reflection, and Resetting

A real day-in-the-life ends not with wild celebrations, but with journaling. You log every trade, review every decision, and set a plan for tomorrow. Some prop firms actually require this step as part of ongoing evaluations. You’ll also double-check your metrics—did you stay inside the risk rules, avoid prohibited trades, and follow your plan?

This reflection is where growth happens. Most prop traders will tell you: the difference between surviving and thriving is all about discipline, routine, and the willingness to learn from every single day—win or lose.

Final Thoughts: Is Prop Trading the Right Lifestyle for You?

If you’re still reading, you probably sense it already—being a prop firm trader isn’t just about big payouts and wild success stories. It’s about structure, self-control, and a willingness to learn every single day. It can be repetitive, stressful, and (at times) boring, but it can also be one of the most challenging and rewarding ways to level up as a trader.

So if you’re eyeing Funding Rock funding solutions or any of the top forex prop firms, ask yourself: do you thrive on discipline? Are you cool with waiting for the right setup, and okay with strict rules? If so, prop trading might just be your next big move.

Vietnam Records Lowest Birth Rate in History Amid Rapid Aging and Gender Imbalance

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Vietnam is facing an unprecedented demographic shift as the country grapples with its lowest fertility rate on record, a worsening gender imbalance at birth, and the rapid aging of its population—challenges that threaten long-term sustainable development, according to Minister of Health Đào Hồng Lan. Mà

Speaking at an event marking World Population Day on July 11, Minister Lan emphasized that Vietnam’s total fertility rate (TFR) has fallen to its lowest historical level and is projected to continue declining in the years ahead. Citing data from the April 2024 population survey, she said the TFR dropped from 2.01 children per woman in 2022 to 1.96 in 2023 and 1.91 in 2024.

Demographic Challenges Intensify

In addition to declining birth rates, Vietnam is aging at a pace that exceeds many countries with similar income levels. In 2024, the average life expectancy in Vietnam reached 74.7 years. However, the number of healthy life years remains at just 65, highlighting a significant period in which many elderly citizens live with illness or disability.

Health and living conditions in remote and ethnic minority areas remain limited, while adolescent pregnancy continues to be a concern, particularly in the Central Highlands and Northern mountainous regions, where early and consanguineous marriages are still reported.

Severe Gender Imbalance at Birth

The issue of gender imbalance at birth, though under partial control, remains serious. The male-to-female birth ratio stood at 110.5 boys per 100 girls in 2009, rising to 111.5 in 2019, and reaching 111.4 in 2024. This imbalance is expected to have a long-term impact on Vietnam’s population structure. Projections by the General Statistics Office indicate that if the trend continues, Vietnam could face a surplus of 1.5 million men aged 15–49 by 2034—a number that could rise to 1.8 million by 2059.

Vietnam’s Human Development Index (HDI) ranking remains relatively low globally, placing 93rd among 193 countries and territories.

Policy Response and Proposed Legislation

To address these mounting demographic challenges, the Ministry of Health is drafting a new Population Law and a national program for health, population, and development for the 2026–2035 period.

The proposed legislation outlines key policy measures, including extended maternity leave, financial incentives or gifts for childbirth, and prenatal and newborn health screenings. Families with two daughters would be eligible for special benefits, including access to affordable housing and other support programs tailored to Vietnam’s evolving socio-economic conditions.

The draft law also includes targeted strategies to address gender imbalance at birth, with flexible implementation at both local and national levels. In parallel, the ministry is working to expand infrastructure and human resources for elderly care, offering scholarships and tuition support for students specializing in geriatric medicine at public medical universities.

The Ministry of Justice is scheduled to review the draft Population Law today. If approved, it will be submitted to the government and then to the National Assembly for consideration during its 10th session in October 2025.

American Tourist Dies in Motorbike Accident on Vietnam’s Son Tra Peninsula

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A 28-year-old American tourist died early Friday morning after losing control of his motorbike while descending a mountain pass on the scenic Son Tra Peninsula in Da Nang.

The accident occurred shortly after 5 a.m. on Hoang Sa Street, below the Bai Bac summit area in Son Tra Ward. Local residents out for morning exercise discovered the man lying motionless near a fallen motorbike and immediately alerted authorities.

Emergency rescue teams, including eight firefighters and rescue personnel, were dispatched to the scene along with paramedics. However, the man was pronounced dead upon their arrival.

Photos from the scene show the manual Honda motorbike had plunged into a roadside storm drain. The victim’s body was found nearby, next to a roadside barrier. Identification documents confirmed his American nationality. He was temporarily residing at an apartment in An Hai Ward, local police said.

Authorities have completed an on-site investigation and recovered the motorbike. The body has been transferred to a local mortuary while awaiting notification and arrival of next of kin. Preliminary findings suggest the tourist lost control of the vehicle and died in a self-inflicted accident.

The Hoang Sa coastal road is popular among tourists for its breathtaking views, with lush mountains on one side and the East Sea on the other. However, it is also considered treacherous due to its steep gradients, sharp turns, and limited visibility—conditions made even more hazardous by rain, slippery surfaces, and sheer cliffside drops.

Authorities continue to investigate the incident and urge caution for travelers exploring the area by motorbike.

Foreign Investors Return to Asian Equities, But Tariff Uncertainty Casts a Shadow

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Asian equity markets attracted net foreign inflows for a second consecutive month in June, supported by optimism over potential U.S. interest rate cuts and a weaker dollar. However, growing concerns over escalating U.S. tariff threats limited the momentum.

According to LSEG data, foreign investors bought a net $6.02 billion worth of equities across seven major Asian markets—Taiwan, South Korea, India, Thailand, Indonesia, Vietnam, and the Philippines—in June. While still positive, this marked a decline from $10.65 billion in May.

The MSCI Asia ex-Japan Index rose 5.33% in June, posting its strongest monthly gain since September 2024 and outperforming the MSCI World Index, which advanced 4.36%.

Investor appetite for AI-related technologies continued to drive foreign investment, particularly in Taiwan and South Korea, which recorded net inflows of $3.22 billion and $2.01 billion, respectively. Strong performance by U.S. chipmakers Nvidia and Broadcom further fueled confidence in Asia’s tech-heavy markets.

India also remained a favored destination, with foreign investors purchasing $1.69 billion in local stocks—the third straight month of net inflows.

Conversely, markets in Indonesia, Thailand, Vietnam, and the Philippines saw net outflows totaling over $900 million in June, as investors remained wary of economic headwinds and geopolitical risks.

Despite the positive momentum, uncertainty around U.S. trade policy continues to weigh on sentiment. The U.S President Donald Trump recently delayed a major tariff decision to August 1, while simultaneously escalating tensions by announcing steep duties on key imports—including a 50% tariff on copper and increased levies on exports from Japan and South Korea.

Analysts warn that further tariff hikes could dampen the region’s investment outlook, though some, including Goldman Sachs, believe that final tariff decisions may serve as a “clearing event” for markets—even if the imposed rates exceed expectations.

Trump Escalates Trade Tensions with 35% Tariff on Canada, Signals Broader Global Tariff Strategy

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In a sharp escalation of trade tensions, U.S. President Donald Trump announced on Thursday that the United States will impose a 35% tariff on Canadian imports starting August 1, marking a significant increase from the current 25%.

The move is part of a broader plan to introduce blanket tariffs of 15% to 20% on most other U.S. trading partners.

Trump conveyed the new tariff policy in a letter addressed to Canadian Prime Minister Mark Carney, warning that any retaliatory measures by Canada could trigger further increases. An exemption under the existing United States-Mexico-Canada Agreement (USMCA) is expected to remain in place, along with a 10% tariff cap on energy and fertilizer—though final decisions on these items are still pending, according to a U.S. official.

The letter also linked the tariff decision to non-trade issues, including the flow of fentanyl across the northern border. Trump suggested that cooperation from Canada in curbing fentanyl could influence the tariff terms.

Carney responded publicly via social media, reaffirming Canada’s commitment to protecting its workers and continuing dialogue with the U.S. government. He also noted that Canada had made significant progress in efforts to stem fentanyl trafficking and pledged further cooperation.

The tariff hike deals a blow to Prime Minister Carney, who had prioritized securing a new trade and security agreement with the United States by July 21. Canada, the second-largest U.S. trading partner after Mexico, exported $412.7 billion to the U.S. last year while importing $349.4 billion.

Trump’s tariff campaign is not limited to Canada. New duties have already been levied on Japan, South Korea, and copper imports, and the European Union could be next. Investors reacted with concern as markets in Asia dipped, anticipating potential fallout if tensions mirror those of the 2018–2019 U.S.-China trade war.

Trump’s aggressive tariff stance is prompting global leaders to seek diplomatic engagement. Myanmar’s military junta reportedly requested a reduction in its current 40% U.S. tariff rate and expressed willingness to send a delegation to Washington. Meanwhile, the Philippine president is scheduled to meet Trump this month in Washington to discuss the 20% duty on Philippine goods.

In a separate interview, Trump signaled that formal letters to each country may not be necessary, asserting that blanket tariffs of 15% to 20% will soon apply to “all remaining countries.”

As global markets brace for further disruption, the outcome of these negotiations and potential retaliatory measures from affected nations will be closely watched by investors, diplomats, and businesses alike.

Northern Vietnam Faces Extended Torrential Rains as Record-Breaking Wet Season Sparks Flooding and Landslide Fears

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Northern Vietnam is bracing for another wave of heavy rainfall, extending over four days, as meteorological conditions driven by a low-pressure trough and active cyclonic circulation intensify across the region. According to the National Center for Hydro-Meteorological Forecasting, this extended bout of rain is expected to significantly impact both urban centers and remote mountainous areas, compounding concerns over flooding, landslides, and infrastructure disruptions.

The latest development follows an already historically wet June in the northern provinces, with rainfall totals shattering decades-old records. This anomalous weather pattern underscores growing climate volatility in the region and poses mounting challenges for disaster preparedness, urban planning, and economic continuity.

Rainfall began intensifying earlier this week, with localized amounts ranging from 30 to 70 millimeters. However, forecasts warn that some areas could receive over 150 millimeters within a single event, with short-term rainfall exceeding 100 millimeters in just three hours. From Thursday onwards, precipitation is expected to blanket the entire northern region, with cumulative totals likely reaching between 70 to 150 millimeters across broad areas.

In extreme cases, 24-hour rainfall could exceed 300 millimeters, while isolated downpours may deliver over 150 millimeters in just three hours—posing acute risks to drainage systems, transportation networks, and hillside communities.

As a silver lining, the rain is projected to bring relief from the intense heatwave that has gripped northern Vietnam. In Hanoi, where temperatures peaked at 38 degrees Celsius on Tuesday, forecasts from AccuWeather anticipate a gradual cooling trend, with highs falling to 26–31 degrees Celsius by Saturday.

The meteorological agency has issued warnings about potential flooding in low-lying urban districts, industrial zones, and rural plains. Small rivers and streams may experience sudden surges, heightening the risk of flash floods, while landslides remain a serious threat in mountainous and sloped regions already weakened by weeks of saturation.

Floodwaters have already been reported in Thai Nguyen, Bac Ninh, and Son La provinces. Landslides have disrupted traffic and logistics on key provincial and national highways, illustrating the immediate economic and logistical consequences of the ongoing weather patterns. These disruptions are likely to strain provincial disaster response capabilities and may further affect agricultural output and rural livelihoods.

Weather specialists and climate analysts note that Vietnam’s northern regions are witnessing a shift in seasonal norms. In June alone, Hanoi and surrounding provinces recorded 20 days of rain—far above the historical average. This includes record-setting totals in several provinces: Thai Nguyen received 994 millimeters, surpassing its 1979 record; Son La reached 379 millimeters, beating a 1995 high; Lang Son registered 442 millimeters, eclipsing its 1978 benchmark; and Bac Giang tallied 562 millimeters, breaking a record from 1986.

Such anomalies raise questions about the increasing frequency of extreme weather events and their implications for long-term infrastructure planning and water resource management. Experts argue for stronger investment in resilient infrastructure and climate-adaptive urban development, particularly in flood-prone and rapidly urbanizing areas.

While the upcoming rainstorm is forecast to ease the region’s extreme heat, the short-term risks it brings are substantial. Provincial authorities are on alert, with emergency response plans activated in areas most at risk. However, continued rainfall and saturated terrain mean that even minor weather fluctuations could result in significant hazards.

Looking ahead, Vietnam’s northern provinces may face prolonged meteorological instability as climate patterns continue to diverge from historical norms. For international observers, investors, and policymakers, these developments underscore the urgency of integrating climate resilience into Vietnam’s growth model—especially as the country deepens its role in global manufacturing and trade networks.

Vietnam Charts New Course Amid U.S. Tariffs: Diversification and Quality Overhaul at the Forefront

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Vietnam is preparing to implement a series of strategic measures to mitigate the impact of newly imposed U.S. tariffs, signaling a broader shift in the country’s export and trade policy. Deputy Minister of Industry and Trade Phan Thi Thang announced the government’s intention to improve product quality and diversify export destinations in response to evolving global trade dynamics.

The announcement came during an investment conference held in Hanoi on Wednesday, following the recent trade agreement with the United States that imposes a 20% tariff on Vietnamese exports and a steeper 40% levy on transshipped goods originating from third countries.

The Ministry of Industry and Trade is now actively collaborating with domestic enterprises to implement targeted reforms. The focus lies not only on raising product standards to meet global expectations but also on tapping into a broader network of free trade agreements (FTAs) that Vietnam has signed in recent years.

“With 16 free trade agreements in place, Vietnam is expanding its export markets to reduce reliance on the U.S. market,” Thang stated at the conference. These agreements include major trade pacts such as the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and the EVFTA (EU–Vietnam Free Trade Agreement), positioning Vietnam as a critical node in global supply chains.

The U.S. tariffs present both a challenge and an opportunity for Vietnam. While immediate impacts may strain export growth to its largest bilateral trade partner, the situation could act as a catalyst for long-term economic transformation. Improving product quality is expected to boost competitiveness, while export diversification will reduce vulnerability to external shocks.

The country’s continued reliance on the U.S. for trade growth had raised concerns among policymakers, especially in light of rising protectionism and ongoing geopolitical tensions. Vietnam’s strategic pivot indicates a proactive approach in future-proofing its export-driven economy.

Analysts suggest that Vietnam’s emphasis on quality enhancement and trade diversification aligns with broader trends among emerging markets facing similar tariff pressures. By leveraging its FTAs, Vietnam could unlock new growth opportunities in regions such as Europe, Northeast Asia, and intra-ASEAN markets.

Moreover, the move may spur innovation and higher value-added manufacturing in Vietnam, moving the economy away from basic assembly and toward more sophisticated production ecosystems.

Vietnam’s economic performance remains robust, with GDP growth accelerating to 7.96% in the second quarter of 2025, up from 6.93% in the first quarter. However, meeting the full-year target of at least 8% remains a significant challenge. Prime Minister Pham Minh Chinh acknowledged the difficulty, calling the growth target a “big challenge” at a government meeting held the same day.

The confluence of domestic reforms, external pressures, and strategic trade positioning will likely define Vietnam’s economic trajectory in the coming months. As the country rebalances its trade dependencies and strengthens its industrial capacity, the coming years may mark a pivotal shift in Vietnam’s role in the global economy.

Vietnam’s Stock Market Eyes 1,500-Point Milestone Amid Surging Investor Confidence and Economic Momentum

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Vietnam’s stock market is experiencing a resurgence, with the VN-Index surpassing 1,400 points for the first time in over three years.

On July 8, the benchmark index advanced by more than 13 points, buoyed by renewed investor confidence and strong trading liquidity, which exceeded VND 28 trillion (approximately USD 1.1 billion). The rally is viewed as part of a broader market recovery following a brief correction in April.

According to Mr. Trần Hoàng Sơn, Chief Market Strategist at VPBank Securities (VPBankS), the VN-Index is on track to reach a new range of 1,500–1,550 points in the second half of the year. However, he cautioned that the market may first experience a technical correction when it approaches resistance levels between 1,430 and 1,450 points.

Mr. Sơn noted that Vietnam’s equity market is nearing a critical period of assessment for an upgrade to emerging market status—an ambition long pursued by policymakers and investors alike. The country’s performance, he argued, is beginning to mirror that of more developed emerging markets, driven by improving liquidity, investor sentiment, and macroeconomic indicators.

Investor confidence has rebounded rapidly, as evidenced by the sharp recovery in trading volumes and a milestone achievement: over 10 million trading accounts have now been registered in Vietnam. Corporate earnings are also expected to align with favorable monetary and fiscal policies, with profit growth projected at 15–16% this year. Key sectors such as banking, securities, real estate, and steel are forecasted to continue their recovery momentum.

Mr. Sơn further emphasized the potential influx of foreign capital through upcoming initial public offerings (IPOs). Vietnam may see as much as USD 47.5 billion in IPO deals across financial services, consumer goods, and information technology by the end of this year and early next. Historical precedents such as Vinamilk’s divestment in 2017–2018 support the view that IPO activity can significantly stimulate market performance.

Speaking at the same event, Dr. Nguyễn Xuân Thành, Senior Lecturer at Fulbright University Vietnam’s School of Public Policy and Management, pointed out that the Vietnamese market has responded positively to recent macroeconomic indicators. In his view, much of the optimism also stems from successful trade negotiations, which have helped ease tariff-related concerns.

He highlighted two main drivers of macroeconomic strength in the first half of 2025. First, despite elevated global tariffs, Vietnam’s export sector recorded robust growth, underpinned by manufacturing resilience. Second, public investment has accelerated and is expected to maintain strong momentum over the next three to four years.

Market watchers are closely following Vietnam’s push for an upgrade from frontier to emerging market status, a move that could attract an estimated USD 3–7 billion in both passive and active capital flows. While some expect the upgrade to be announced as early as September, others anticipate a decision by March next year, citing technical issues related to settlement processes and the new KRX trading system that still need refinement.

Should the upgrade materialize and capital be deployed swiftly, it would likely deliver a powerful boost to Vietnam’s capital markets and position the country more prominently on the global investment map.

Prudential chinh phục loạt giải thưởng nổi bật nửa đầu năm 2025

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Công ty TNHH Bảo hiểm Nhân thọ Prudential Việt Nam (“Prudential”) vừa chinh phục bộ đôi giải thưởng tại Insurance Asia Awards 2025 khi được vinh danh tại hai hạng mục giải thưởng: “Sản phẩm bảo hiểm mới của năm” và “Sáng kiến đào tạo & phát triển của năm”. Đồng thời, trước đó Prudential cũng tiếp tục nằm ở vị trí thứ 2 trong Top 10 Công ty Bảo hiểm Nhân thọ uy tín năm 2025 do Vietnam Report công bố.

Giải thưởng “Sản phẩm bảo hiểm mới của năm” được trao cho sản phẩm bảo hiểm Liên kết chung PRU – Bảo Vệ Tối Đa (PRU-Max Protect) – sản phẩm mới nhất của Prudential được chính thức ra mắt vào tháng 5/2025. Sản phẩm được đánh giá cao nhờ thiết kế tối đa hóa giá trị bảo vệ trên mỗi đồng phí cho người tham gia, đồng thời tích hợp khả năng tích lũy tài chính bền vững với lãi suất cam kết và các khoản thưởng hấp dẫn.

Giải thưởng “Sáng kiến đào tạo & phát triển của năm” ghi nhận thành công của chương trình Phát triển năng lực quản lý doanh nghiệp dành cho Giám đốc văn phòng Tổng đại lý – một sáng kiến chiến lược nhằm nâng cao năng lực điều hành, tài chính và quản trị nhân sự cho đội ngũ lãnh đạo Kênh Đại lý, qua đó minh chứng rõ nét cho việc từ lâu Prudential đã được xem là “cái nôi” của đào tạo bảo hiểm nhân thọ, luôn tiên phong trong việc xây dựng các mô hình hoạt động một cách bài bản và toàn diện.

Các Giám đốc văn phòng tổng đại lý Prudentail chụp hình tại lễ tốt nghiệp

Đại diện Prudential tại lễ trao giải ông Lương Thế Vinh, Giám đốc Sản phẩm tại Prudential Việt Nam chia sẻ tại sự kiện nhận giải: ”Những sự công nhận này không chỉ tôn vinh cam kết của chúng tôi đối với sự đổi mới liên tục mà còn truyền cảm hứng cho chúng tôi tiếp tục thiết kế các giải pháp bảo vệ tài chính tiên tiến nhằm đáp ứng nhu cầu ngày càng phát triển của các gia đình Việt Nam song song với việc không ngừng mang đến các sáng kiến đào tạo để nâng cao chất lượng mạng lưới phân phối của mình”.

Bên cạnh hai giải thưởng quốc tế, Prudential tiếp tục được Vietnam Report vinh danh trong Top 10 Công ty Bảo hiểm Nhân thọ uy tín năm 2025. Bảng xếp hạng này dựa trên các tiêu chí về năng lực tài chính, uy tín truyền thông và mức độ hài lòng của khách hàng. Đây là năm thứ 9 liên tiếp Prudential giữ vững vị trí trong bảng xếp hạng, không chỉ phản ánh sự tin tưởng của khách hàng dành cho Prudential mà còn khẳng định vị thế tiên phong của công ty trong ngành bảo hiểm nhân thọ tại Việt Nam.

Ngày 7/7/2025 vừa qua, Prudential thông báo ông Kevin Joong Kwon đã chính thức đảm nhận vai trò Tổng Giám đốc, sau khi được Bộ Tài Chính chấp thuận. Việc bổ nhiệm ông Kwon nhấn mạnh cam kết phát triển lâu dài và bền vững tại thị trường Việt Nam của Tập đoàn Prudential, đồng thời khẳng định vai trò là đối tác đáng tin cậy cho các gia đình Việt.

Fatal Paragliding Accident on Son Tra Peninsula Raises Concerns Over Adventure Tourism Safety in Vietnam

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Adventure tourism has been gaining popularity in Vietnam, with activities such as paragliding, zip-lining, and trekking drawing both domestic and international thrill-seekers. Among the most scenic destinations is the Son Tra Peninsula in Da Nang, known for its lush mountains, coastal cliffs, and panoramic views.

Since mid-2023, Da Nang authorities have allowed paragliding on a pilot basis in the area, aiming to diversify the city’s tourism offerings and attract more high-spending visitors. However, a tragic accident this week has brought renewed scrutiny to safety standards in this growing niche of Vietnam’s tourism sector.

On the evening of July 8, a 36-year-old man temporarily residing in Ho Chi Minh City died in a paragliding accident near the foot of Son Tra Mountain in Da Nang. According to initial reports, the victim, identified only as Mr. T., was participating in a tandem paragliding flight with a pilot when the duo encountered a technical failure shortly after takeoff. The paraglider crashed into a coastal area at the base of the mountain, near the shoreline.

Emergency rescue teams were dispatched promptly upon receiving the alert and recovered the victim’s body from the crash site. Local authorities confirmed the fatality on the morning of July 9 and stated that a formal investigation into the cause of the incident is now underway.

Officials from the Son Tra Ward People’s Committee told Vietnam Insider that more information will be made available after the relevant agencies complete their inquiries. In the meantime, all involved parties are cooperating to determine whether the flight met operational and safety regulations.

A corner‎ at Son tra peninsula @ Bojan Mirovic‎

The accident has cast a shadow over Da Nang’s efforts to promote adventure tourism as part of its broader economic development strategy. In June 2023, the Da Nang People’s Committee officially approved a pilot program for non-motorized paragliding activities on Son Tra Peninsula. By May 2024, the Department of Culture, Sports, and Tourism had identified five licensed service providers that met Vietnam’s safety requirements for operating paragliding flights in the area.

While these steps were intended to ensure proper oversight, the recent incident raises questions about the robustness of safety compliance, pilot training, and emergency preparedness. Tourism industry insiders are now calling for a comprehensive review of existing guidelines and better enforcement mechanisms.

A representative from a Vietnam-based adventure sports consultancy told Vietnam Insider that while paragliding can be conducted safely, it requires strict adherence to weather assessments, equipment checks, and professional pilot certification. “This tragedy underscores the critical need for transparency in safety protocols and more public reporting on pilot qualifications and operator compliance,” the expert said. “Vietnam’s adventure tourism sector has immense potential, but one accident can severely damage public trust and deter future travelers.”

As investigations proceed, the incident may prompt Da Nang and other provincial governments to tighten regulations on extreme sports and reassess the criteria for pilot programs in high-risk activities. For Vietnam, which is positioning itself as a rising destination for experience-based tourism, maintaining international standards for safety will be crucial not just for preventing future tragedies, but also for safeguarding the long-term credibility of its tourism industry.

The Son Tra accident serves as a somber reminder that rapid tourism development must be matched by equally rigorous attention to safety, professionalism, and accountability.