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Do Foreign Investors Need an Investment Registration Certificate (IRC) When Investing in Vietnam?

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As Vietnam continues to emerge as a leading destination for foreign capital in Southeast Asia, many international investors are asking: Do I need an Investment Registration Certificate (IRC) to invest in Vietnam? If so, what are the procedures and legal requirements?

Let’s break down the legal framework based on Vietnam’s Law on Investment 2020 and related regulations to clarify when and how foreign investors must obtain an IRC.

What is an Investment Registration Certificate (IRC)?

According to Clause 11, Article 3 of the Law on Investment 2020, an IRC is a legal document (in physical or electronic form) that records the registration details of an investor regarding their investment project in Vietnam.

Who Needs an IRC in Vietnam?

Under Point a, Clause 1, Article 37 of the Law on Investment 2020, foreign investors are required to obtain an IRC for their investment projects in Vietnam. This also applies to economic organizations with foreign ownership as defined in Clause 1, Article 23 of the same law.

However, not all forms of investment require an IRC. The following cases do not require an IRC:

Investments made by domestic investors
Investments made by foreign-invested companies that already meet local ownership and control conditions (Clause 2, Article 23)
Foreign investors contributing capital, purchasing shares, or acquiring capital contributions in local companies

Therefore, if a foreign investor establishes a new company or project in Vietnam (outside of share acquisitions), they must apply for an IRC before proceeding.

IRC Application Procedures for Foreign Investors

According to Clause 4, Article 37 of the Law on Investment and Article 36 of Decree 31/2021/NĐ-CP, here’s how the process works for projects not subject to prior approval from the government:

1. Prepare and Submit the Application Dossier

Investors must submit 01 application dossier to the relevant Department of Planning and Investment (DPI) of the province or city where the project is located. The dossier must include the information specified in Article 33 of the Law on Investment 2020.

For projects spanning multiple provinces, investors should submit the application to the DPI of the province where the head office or project site is based.

2. In Case of Existing Projects

If the project has already begun operations, the application dossier must include a report on the implementation statusinstead of a new investment proposal.

3. Assessment and Issuance of IRC

The investment registration authority will issue the IRC within 15 working days from the date of receiving a valid dossier, provided the following conditions are met:

The project is not in a prohibited sector as defined in Article 6 of the Law on Investment 2020
The project location is valid (supported by land-use rights or lease agreement)
The project aligns with applicable national or local planning regulations
The investment meets minimum capital per land unit and employment requirements (if applicable)

The project complies with market access conditions for foreign investors, as outlined in Vietnam’s WTO commitments and domestic laws

Investment Implementation Principles

As per Article 42 of the Law on Investment 2020, investors must adhere to the following principles during project implementation:

For projects requiring prior approval, investors may only begin implementation after receiving approval
For projects requiring an IRC, the investor must obtain the certificate before commencing operations

Investors are responsible for complying with all relevant laws and regulations, including those related to land use, environmental protection, construction, labor, fire safety, and other specialized legislation

Legal Compliance is Key to Successful Market Entry

For most foreign direct investment (FDI) projects in Vietnam, obtaining an IRC is a mandatory legal step. Understanding the distinctions between various investment forms and following the correct procedures can help investors avoid delays and ensure full legal compliance.

At GBS, we have extensive experience guiding international clients through Vietnam’s investment licensing framework—from setting up new companies to handling mergers and acquisitions.

If you’re planning to invest in Vietnam, seek legal advice early. Proper structuring and licensing will save time, reduce risk, and accelerate your market entry.

Contact

GBS – Global Business Services LLG
info@gbs.com.vn | http://www.gbs.com.vn | Tel: +84903189033
Legal & Business Services for Investors in Vietnam since 2002

Vietnamese Man Kills Wife’s Lover After Discovering Affair

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Authorities in northern Vietnam have arrested a man for allegedly killing his wife’s lover after discovering the extramarital affair and failing to convince her to return home.

On June 23, the Lào Cai Provincial Police announced the emergency detention of Chảo Duần Chình, a 43-year-old resident of Ngũ Chỉ Sơn commune in Sa Pa town, for investigation on suspicion of murder.

According to police reports, at approximately 4:30 p.m. on June 22, officers from the Lào Cai Provincial Criminal Police Division received a report from local police in Tả Phời commune (Lào Cai City) about a suspected homicide in the village of Séo Tả 2. The victim was identified as Chảo Xuẩn S., a 50-year-old man from Thanh Bình commune, also in Sa Pa.

Upon receiving the alert, provincial police leaders directed rapid deployment of investigators to the scene, where they launched an on-site investigation, combed the area, and quickly identified a suspect.

By around 7:00 p.m. the same day, police successfully apprehended Chảo Duần Chình.

Initial investigations revealed that in August 2024, Chình discovered that his wife, Ms. M., 44, had entered into a romantic relationship with Mr. S. and moved in with him in Bản Kim village, Thanh Bình commune.

Chình reportedly made efforts to persuade his wife to return home, but she refused.

On the afternoon of June 22, upon learning that Mr. S. was in Séo Tả 2 village (Tả Phời commune, Lào Cai City), Chình traveled there by motorbike, pursued the man, and struck him on the head with a wooden stick, killing him instantly.

After the fatal attack, Chình fled the scene but was soon captured by local authorities during his attempted escape.

The case is currently under further investigation by Lào Cai Provincial Police.

“Vietnam is Calling”: The Viral Trend Putting Vietnam on the Global Travel Map

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A vibrant new social media trend is capturing the hearts of global travelers and setting the internet abuzz—especially on TikTok—with the catchy phrase “Vietnam is calling” flashing across energetic, upbeat soundtracks.

Just type the hashtag #VietnamIsCalling and you’ll be greeted with countless videos capturing the excitement of international tourists as they pack their bags, wave their passports, roll their suitcases through airports, and embark on adventures across Vietnam.

This movement is more than just a fleeting online trend—it’s become a powerful travel inspiration. From popular travel vloggers to thrill-seeking Gen Z explorers across Europe and Asia, people are catching on in a big way: by booking trips to Vietnam.

From Hashtag to Travel Trend

The “…is calling” format first gained traction in 2024 with variations like “Japan is calling” and “Italy is calling,” typically accompanying airport departure montages. But it was “Vietnam is calling” that truly exploded in mid-2025—right in time for the summer travel peak.

The phrase “Vietnam is calling and I must go” appears to be inspired by naturalist John Muir’s famous quote: “The mountains are calling and I must go.” Today’s travelers have transformed that call to adventure into a personal mantra—when Vietnam calls, they’re ready to go.

What sets this trend apart is its authenticity. No filters, no staged backdrops, no artificial effects—just real travel footage, from booking flights and airport goodbyes to slurping street noodles, trekking scenic landscapes, and diving into local culture. It’s raw, relatable, and compelling.

International TikTok creators have joined the movement, sharing check-ins from Hà Giang’s mountains, cycling tours in Hội An, paddleboarding on the Hàn River, and morning workouts in Đà Nẵng. These videos don’t just rack up millions of views—they radiate positivity and spread a contagious love for Vietnam.

Why Vietnam? A Blend of Nature, Culture, and Affordability

Vietnam’s magnetic appeal lies in its perfect blend of rich culture, stunning nature, and affordability. It offers bucket-list experiences at accessible prices—from cloud-hunting in Sa Pa, cruising through Tràng An’s limestone landscapes, and exploring the Old Quarter of Hanoi to sunbathing on the beaches of Đà Nẵng, Hội An, or immersing in the wild beauty of Phú Quốc and Côn Đảo.

And let’s not forget the food: crispy bánh mì, aromatic phở, home-style rice dishes, and iconic street eats. Many visitors admit to falling in love with Vietnamese cuisine at first bite.

Vietnamese culture reveals itself at every corner—through ancient temples, time-honored festivals, and the ever-warm smiles of locals. It’s a land that feels both refreshingly new and comfortingly familiar, a place that draws travelers back time and again.

From Social Media Power to Strategic Promotion

The “Vietnam is calling” wave didn’t appear by chance—it’s the result of well-orchestrated tourism marketing campaigns. One key milestone was the #HelloVietnam initiative launched in late 2023, a collaboration between TikTok Vietnam and local tourism authorities. Nearly 60 content creators from around the world were invited on a 7-day trip across Vietnam, capturing their journeys from Hạ Long Bay and Sơn Đoòng Cave to Đà Nẵng, Hội An, and Ho Chi Minh City.

Through their personal lenses, Vietnam emerged as vibrant, inviting, and full of character. Once shared online, their videos sparked interest on a massive scale, laying the groundwork for the “Vietnam is calling” phenomenon to flourish.

According to travel platforms, over 60% of Asia-Pacific travelers choose destinations based on social media recommendations. Even more striking, 79% book tours or hotels after watching an inspirational video on TikTok, Instagram, or Facebook. In Vietnam, that figure climbs even higher—with over 90% of young travelers saying viral videos or “check-in” hotspots influence their travel choices.

A Digital Bridge to the World

These numbers underscore the rising importance of digital content in tourism—and the power of community in spreading the word. When authentic experiences are captured and shared from a personal perspective, they resonate globally and reshape how the world sees Vietnam.

“Vietnam is calling” is a prime example of how social media trends, when harnessed properly, can become powerful tools for national tourism promotion. It’s more than a catchy phrase—it’s an invitation from a country that’s embracing the digital age while honoring its traditions.

With every short video and every new journey, Vietnam is being redrawn in the minds of travelers worldwide—as a destination that’s genuine, vibrant, and unforgettable. More than just a trend, “Vietnam is calling” is becoming a cultural bridge, connecting global citizens to the soul of Vietnam through shared memories, real adventures, and stories that stay with you long after the trip ends.

Why Trump Organization Eyes Vietnam for Ambitious Mega-Projects?

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Vietnam Insider — The Trump Organization is making bold moves in Vietnam, with plans for a series of high-profile real estate developments that could reshape parts of the country’s economic landscape — and possibly influence U.S.–Vietnam trade relations.

At the heart of the plans is a proposed Trump Tower in Thu Thiem, a prime yet long-underdeveloped area along the Saigon River in Ho Chi Minh City. Once dotted with makeshift homes and wandering water buffalo, Thu Thiem is now earmarked for transformation into a central business district. The $1 billion, 60-story tower is still pending approval, but insiders suggest construction could begin as early as next year.

The proposal follows a May site visit by Eric Trump, the executive vice president of the Trump Organization and son of former U.S. President Donald Trump. While no formal government endorsement has been announced, the Trump Organization’s growing presence in Vietnam signals ambitions well beyond a single skyscraper.

Expanding North: Golf, Resorts, and Politics

During his visit, Eric Trump also broke ground on a $1.5 billion golf, resort, and residential complex in Hung Yen province — notably the home region of Vietnamese Communist Party General Secretary To Lam. The project, named Trump International Hung Yen, is being developed in partnership with Vietnamese real estate giant Kinh Bac City Development Holding Corporation.

Eric Trump praised Kinh Bac as a “world-class partner,” declaring the upcoming projects would be “the envy of all of Asia.”

This growing real estate footprint coincides with sensitive geopolitical timing. As the U.S. threatens to impose a 46% tariff on Vietnamese goods — citing trade imbalances and alleged Chinese transshipment — the Trump family’s deepening investment ties in Vietnam have raised eyebrows. While the Hung Yen golf deal predates both the tariff proposal and Donald Trump’s 2024 re-election, it may now serve as a symbolic gesture of goodwill amid tense negotiations.

Trade Diplomacy Meets Real Estate Strategy

Vietnam exported $142.4 billion worth of goods to the U.S. in 2024, equivalent to nearly 30% of its GDP. The stakes in avoiding punitive tariffs are high — prompting some analysts to suggest that Vietnam’s enthusiastic cooperation with the Trump family could be part of a broader diplomatic strategy.

“There is a high possibility that Vietnam and the United States can achieve a trade deal in the coming weeks,” said Nguyen Hong Hai, a political science lecturer at VinUniversity. “This fast-tracked cooperation may be seen by President Trump as a strong signal of partnership.”

Gregory Poling, Director of the Southeast Asia Program at CSIS in Washington, was more cautious. “It would require a remarkable degree of dissonance to say the timing is purely coincidental,” he noted.

Local Optimism Meets Uneasy Realities

In Thu Thiem, the news of a potential Trump Tower has sparked cautious optimism among some residents and vendors.

“It will add value to the area and create jobs,” said Que Anh, a street food seller in Thu Thiem. “But I worry we won’t be able to stay once rich people and big buildings come in.”

The area has undergone rapid — and often painful — transformation since the 1990s. Over 10,000 residents have been displaced for redevelopment, leaving a patchwork of luxury condos and vacant lots. Local observers note that real estate speculation continues to outpace affordable housing supply.

Tan Huynh, Managing Partner of Ho Chi Minh City-based firm THKeymaker, said Vietnam’s heavy dependence on property and foreign capital creates systemic risks. “The message is clear: if you have the right connections, the rules don’t apply,” he warned.

Behind the Curtain: Trump’s Local Partner

Kinh Bac City, the Trump Organization’s Vietnamese partner, is led by Dang Thanh Tam, a prominent figure in business and political circles. His sister, Dang Thi Hoang Yen (aka Maya Dangelas), a U.S. citizen, has also been linked to American property deals and previously faced regulatory challenges in Vietnam.

In February, Hoang Yen’s Tan Tao Corporation was delisted from the Ho Chi Minh City Stock Exchange over disclosure violations. She later filed legal claims against the Vietnamese government, alleging forced asset liquidation after a debt default.

Despite such controversies, the Trump Organization appears confident in its local partner. “If they were not well-established in Vietnam’s economy, Trump would not have chosen them,” said Nguyen Hong Hai.

Symbolism or Substance?

While many in Vietnam’s business community are intrigued by the high-profile deals, some question the long-term economic value of such projects.

“These aren’t power plants or factories,” said Poling. “A Trump-branded high-rise or golf course doesn’t drive industrial growth.”

But for others, the symbolic impact may be just as significant.

“Trump’s name has power,” said one local vendor outside a luxury apartment complex in Thu Thiem. “It puts Vietnam on the map in a new way.”

Whether these developments result in a “Trump bump” for Vietnam’s economy — or simply underscore deeper issues of inequality and crony capitalism — remains to be seen. For now, the city watches and waits.

Vietnam Lawmakers to Vote on Landmark International Financial Centre Proposal This Week

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Vietnam Insider — Vietnam’s National Assembly is expected to vote on a groundbreaking resolution to establish an International Financial Centre (IFC) on June 27, the final working day of its 9th session. The proposal marks a major step in Vietnam’s ambition to become a key player in global finance.

Presenting the draft resolution earlier this month, Finance Minister Nguyen Van Thang emphasized Vietnam’s strong economic fundamentals, robust growth, and macroeconomic stability as critical assets in attracting global financial flows.

According to the Finance Ministry, the proposed IFC will serve as a hub to connect Vietnam with global capital markets, attract foreign financial institutions, and capitalize on shifting international investment trends. It also aims to elevate Vietnam’s financial ecosystem by developing high-end financial services, fostering innovation, and advancing workforce quality in finance and fintech.

Key Highlights of the Proposal

Strategic Objectives: The IFC is designed to support Vietnam’s national development goals, focusing on three strategic breakthroughs: infrastructure, human capital, and institutional reform. It will also nurture traditional and emerging growth drivers, including digital finance and green investment.

Policy Innovations: The proposal outlines 13 special policy areas, covering foreign exchange operations, capital market development, taxation, immigration and labor policies for experts and investors, land and environmental regulations, and regulatory sandboxes for fintech and innovation.

Incentives for Investors: Specific mechanisms will be introduced to attract strategic investors, streamline customs and distribution channels, and ensure favorable employment and welfare conditions. Administrative procedures will be simplified to ensure efficient operations.

Dual Locations: The IFC is set to operate across two major economic centers: Ho Chi Minh City and Da Nang, with tailored strategies reflecting each city’s economic characteristics and strategic role.

Legislative Oversight and Recommendations

In its supervisory report, the National Assembly’s Economic and Finance Committee stressed the importance of aligning the IFC framework with the Constitution and the Communist Party’s key directives. It called for bold, forward-thinking policies that avoid overlapping with existing mechanisms and emphasized learning from international best practices while avoiding previously observed pitfalls.

The Committee also recommended: Clearly defining the relationship between the two IFC locations. Establishing an effective state governance model across both sites. Designing location-specific policy toolkits tailored to each city’s comparative advantages.

If passed, the resolution would lay the legal foundation for Vietnam to create a globally competitive, innovation-driven financial hub—enhancing its role in the international financial system and contributing to long-term, sustainable economic growth.

U.S. strikes Iranian nuclear sites, Trump announced

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In a dramatic escalation, President Donald Trump revealed that the U.S., alongside Israel, launched precision airstrikes targeting three key Iranian nuclear facilities—Fordow, Natanz, and Isfahan—central to Iran’s nuclear program.

“We have completed our very successful attacks. All planes are now outside of Iran’s airspace,” Trump posted on Truth Social, signaling the operation’s success.

The strikes, executed with B-2 stealth bombers equipped with “bunker-busting” bombs, aim to cripple Iran’s nuclear ambitions amid heightened tensions. Trump called for renewed diplomacy but faces backlash from some U.S. lawmakers demanding greater oversight of military actions. Iran’s Supreme Leader, Ayatollah Ali Khamenei, vowed resilience, warning of potential retaliation against U.S. forces in the region.

Trump will address the nation at 10 p.m. ET (9 a.m. Vietnam time) today, June 22, to provide further details. The operation, briefed to top GOP leaders in Congress, risks further inflaming the volatile Middle East conflict.

Vietnam Airlines Named Among Asia’s Safest Airlines for 2025

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HANOI, June 21, 2025 — Vietnam Airlines has been recognized as one of the safest full-service carriers in Asia for 2025, according to the latest rankings published by Time Out Asia.

The national flag carrier joins an elite group of regional airlines that have earned international praise for their commitment to safety, reliability, and modernized operations.

The annual report highlights top-performing airlines across Asia as the aviation industry continues to regain momentum following the global pandemic. In the full-service category, Vietnam Airlines stood alongside major names such as Cathay Pacific, All Nippon Airways (ANA), Japan Airlines (JAL), Korean Air, and Taiwan’s EVA Air.

Vietnam Airlines’ inclusion in this prestigious list reflects its continuous investment in fleet renewal, pilot training, and international-standard maintenance procedures. With a growing modern fleet that includes Boeing 787 Dreamliners and Airbus A350s, the airline has demonstrated strong operational performance while maintaining stringent safety protocols.

In the low-cost category, VietJet Air—Vietnam’s leading budget airline—was also recognized, reaffirming Vietnam’s rising position in the regional aviation landscape. The carrier joins other prominent names such as AirAsia, IndiGo, Cebu Pacific, and ZipAir in setting new safety benchmarks for budget travel.

According to Time Out Asia, “From high-tech aircraft to rigorous safety culture, Asia’s aviation leaders show that safety isn’t just a checklist—it’s a commitment.”

As air travel demand continues to grow, this recognition serves as a vote of confidence for passengers flying with Vietnamese carriers both regionally and globally.

Source: Time Out Asia, 2025

U.S. Deploys Aircraft Carriers and Stealth Fighters in Massive Military Buildup: Is Iran in the Crosshairs?

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The United States appears to be preparing for one of its largest military buildups in the Middle East in decades, as tensions between Israel and Iran escalate rapidly.

USS George Washington Heads Toward Middle East

According to military intelligence outlet Avia Pro, sources within the Pentagon confirmed on June 20 that the U.S. may soon redeploy the USS George Washington (CVN-73)—a nuclear-powered aircraft carrier currently stationed in the Pacific near Japan—to the Middle East.

At the same time, eight F-22 Raptor stealth fighters, part of a 22-jet fleet, have been deployed to the region, underscoring Washington’s increasingly serious posture as the Israel–Iran conflict intensifies.

If the carrier is deployed, this would mark the first time in modern history that four U.S. aircraft carriers operate simultaneously in a single region—a signal of high readiness for a broader confrontation.

Strategic Assets Converging on Gulf and Eastern Mediterranean

U.S. media reports suggest the USS George Washington, equipped with dozens of advanced fighter jets and cutting-edge command systems, could soon arrive in either the Persian Gulf or Eastern Mediterranean.

In parallel, U.S. military transport aircraft and support assets have also been mobilized. On June 19, a C-5M Super Galaxy—one of the largest military cargo planes in the world—departed from Aviano Air Base in Italy and landed in Saudi Arabia, according to Flightradar24.

The U.S. Air Force has not disclosed the mission details, but stated the aircraft was “transporting equipment and personnel for the Department of Defense.”

Wider Regional Reinforcements Underway

Since late last week, the U.S. has significantly increased its military footprint across the region, as speculation grows about possible joint operations with Israel in response to Iran’s growing influence and recent provocations.

Key deployments include additional squadrons of F/A-18 fighter jets, the USS Porter destroyer, reinforcements to U.S. bases in Kuwait and Bahrain, more than 30 aerial refueling tankers and an array of support aircraft repositioned to the Eastern Mediterranean

Meanwhile, the USS Gerald R. Ford, the U.S. Navy’s most advanced aircraft carrier, has left the East Coast for the Middle East. The USS Carl Vinson is already operating in the Arabian Sea, while the USS Nimitz is en route from the Indo-Pacific to the U.S. Central Command (CENTCOM) region, which covers the Middle East.

The combined presence of these carriers could provide the White House with multiple strategic options amid deliberations over expanding America’s military role in the region.

Preemptive Strike on Iran Under Consideration

According to sources cited by Bloomberg, U.S. military leaders are actively preparing for a potential strike on Iranian targets, possibly as early as this coming weekend. Final decisions will depend on developments on the ground and authorization from President Biden.

U.S. Secretary of Defense Pete Hegseth confirmed that additional “capabilities” are being deployed to bolster regional defense posture in anticipation of further escalation.

Implications for Global Stability and Markets

This unprecedented level of military mobilization has wide-ranging implications for:

• Global energy security: Oil prices are already climbing amid fears of disruption in the Gulf.
• Defense and aerospace markets: Stocks in related sectors are likely to see heightened volatility.
• Investor risk sentiment: A broader conflict could trigger capital flight to safe-haven assets like gold and U.S. Treasury bonds.

As the situation evolves, foreign investors and multinational businesses with operations in the region are urged to closely monitor developments, assess potential supply chain vulnerabilities, and prepare for heightened geopolitical risk.

Ho Chi Minh City Named Top Choice for One-Night Stay in Vietnam: Agoda

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If you only have one night to spend in Vietnam, make it Ho Chi Minh City. According to travel booking platform Agoda, the southern metropolis is the most popular destination for a one-night stay in Vietnam, based on data from the first five months of 2025.

Agoda describes the city as “a vibrant metropolis that never sleeps,” ideal for a quick recharge. Whether it’s rooftop cocktails overlooking the skyline, sizzling street food adventures, or a whirlwind night on bustling Bùi Viện Street, Ho Chi Minh City packs high-energy charm into every hour.

The city’s dynamic mix of colonial-era architecture, war history, thriving café culture, and lively nightlife makes it perfect for travelers seeking to make the most of a short stop. Agoda recommends staying in District 1 or District 3, which offer easy access to key landmarks like the Notre-Dame Cathedral, Ben Thanh Market, and the War Remnants Museum.

Coming in second on Agoda’s list is Da Nang, a coastal gem where travelers can enjoy golden beaches, iconic bridges, and vibrant café scenes—even in just 24 hours. The city offers a seamless blend of seaside relaxation and urban appeal.

Hanoi, the capital, ranked third. Agoda suggests exploring the lantern-lit streets of the Old Quarter, slurping a hot bowl of pho, or catching a performance at the historic Hanoi Opera House—all within a single day.

Just a few hours’ drive from Ho Chi Minh City, Vung Tau secured fourth place. This seaside town is favored for quick getaways, where visitors can walk along the beach at sunset, feast on fresh seafood, and soak in the laid-back vibe.

Rounding out the top five is Da Lat, a cool-climate retreat in the Central Highlands known for pine forests, flower gardens, and misty hills. While it’s often a haven for slow travelers, Da Lat still offers a refreshing escape for those on tighter schedules.

So whether you’re after neon-lit energy or mist-covered tranquility, Vietnam has the perfect overnight stop for every kind of traveler.

Vietnam Moves Toward Circular Economy with New Plastic Waste Reduction Initiative Backed by Norway

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In a major step toward tackling plastic pollution and promoting a circular economy, Vietnam is considering the adoption of a Deposit Return Scheme (DRS) — a system that incentivizes the return of recyclable beverage containers — with support from the Norwegian Embassy in Vietnam and Innovation Norway.

Unveiled during a launch event in Hanoi on June 16, the Scoping Study for a Nationwide DRS in Vietnam outlines how a well-designed scheme could significantly reduce plastic waste, support green job creation, and contribute to Vietnam’s net-zero emissions goal by 2050.

“A Deposit Return Scheme could be a game-changer for Vietnam,” said H.E. Hilde Solbakken, Norwegian Ambassador to Vietnam. “It offers not only environmental benefits but also socio-economic opportunities by stimulating a new recycling industry.”

A Proven Model with Local Potential

Globally, DRS systems have proven successful in over 40 jurisdictions, achieving high recycling rates and reducing the volume of waste entering landfills and natural ecosystems. However, no Southeast Asian country has yet implemented a national DRS for single-use beverage containers—making Vietnam a potential trailblazer in the region.

The study emphasizes that Vietnam will require a DRS tailored to its unique conditions, including beverage market dynamics and existing waste management infrastructure. The report includes detailed technical specifications and policy recommendations to ensure the model’s practicality and effectiveness.

If implemented effectively, the system could: Divert 77,000 tons of packaging waste from landfills annually; Cut 265,000 tons of CO₂e emissions; Create around 6,400 formal jobs and 9,600 freelance employment opportunities in the waste sector

Alignment with National and Global Environmental Goals

The proposed DRS aligns with Vietnam’s Extended Producer Responsibility (EPR) policy and the 2020 Law on Environmental Protection. It also supports the country’s National Action Plan on Marine Plastic Litter Management, which aims to reduce marine plastic waste by 75% by 2030.

“For Norway, clean and healthy oceans are a national priority and a global responsibility,” noted Ambassador Solbakken. “As a maritime nation, we have committed over $200 million to tackle marine litter and microplastics, with Vietnam as a key partner in these efforts.”
The Ambassador emphasized that DRS operationalizes the “polluter pays” principle under EPR, ensuring that private companies are held accountable for the lifecycle of their products. In Norway, Producer Responsibility Organizations (PROs) are mandated to manage EPR and DRS frameworks, setting a model of public-private collaboration.

A Call for Private Sector Engagement

Ambassador Solbakken underscored the critical role of the private sector in making DRS and broader EPR initiatives effective:

“Experience shows that mandatory schemes with ambitious targets drive private sector innovation and maximize system efficiency. We look forward to supporting Vietnam as it explores such policy innovations and transitions toward a greener, more circular economy.”

Vietnam’s efforts to adopt a Deposit Return Scheme signal not only a commitment to environmental sustainability but also a promising opportunity for investors and stakeholders in the green economy to participate in shaping a cleaner, more resilient future for the region.

Vietnam: The Promised Land for Entrepreneurs – Insights from Guillaume Rondan on VTV

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From a simple stopover to a destination of choice, Vietnam is establishing itself as a land of promise for international project leaders. With its dynamic economy, high quality of life, and business-friendly environment, the country is attracting a new generation of entrepreneurs from all over the world.

Why Global Entrepreneurs Are Turning to Vietnam

In this video, international entrepreneurs share how they came to Vietnam and chose to stay and build their businesses here. Industry experts also offer insights into why the country is increasingly seen as a “promised land” for startups and global businesses.

Thanks to its fast-growing economy, stable political landscape, affordable living costs, and modern urban lifestyle, Vietnam has become a natural choice for those looking to balance business development with lifestyle goals. After traveling across Europe and Asia, many international entrepreneurs have discovered in Vietnam not just a place to launch their business—but a place to settle and grow.

In neighborhoods like Thao Dien—set along the banks of the Saigon River in Ho Chi Minh City—a Belgian entrepreneur arrived here and opened a restaurant just three weeks later, inspired by the welcoming community and the unique rhythm of life in Vietnam. With a growing support network and an environment that encourages creativity and ambition, Vietnam offers more than just opportunity—it offers a true sense of belonging.

A meeting between the founder of MoveToAsia and a Belgian entrepreneur at Satsuma Thao Dien

Simplified Procedures: Vietnam Eases the Way for Foreign Entrepreneurs

Vietnam is becoming an increasingly attractive destination—not only for launching new ventures but also for building long-term lives. In the first quarter of 2025 alone, total registered foreign investment surged by 34.7% year-on-year, a clear sign that Vietnam is gaining traction among both major corporations and small business owners looking for a strategic base in Asia.

Vietnam continues to strengthen its position as a manufacturing hub by offering attractive government incentives and simplified procedures for investors. One key measure is the 100% import duty exemption on machinery, equipment, and materials used to create fixed assets in manufacturing projects—helping reduce upfront capital costs for factory setup. On June 14, 2025, Vietnam’s National Assembly passed an amended Corporate Income Tax Law, introducing preferential tax rates of 10%, 15%, and 17% for qualifying manufacturing sectors. These incentives are part of Vietnam’s broader strategy to attract large-scale, value-added production and reduce reliance on imported inputs.

To navigate the relocation process, many turn to companies like MoveToAsia, which help simplify critical steps such as business registration and visa applications. At the forefront of this support network is Guillaume Rondan, founder of MoveToAsia, who has guided many expat entrepreneurs through their transition to Vietnam. He highlights several reasons why Vietnam stands out: strong economic growth, regulatory clarity, and the ability to start a business without a local partner.

>> Related article: Vietnam as a Key Player in the China Plus One Strategy

Global Integration: New Opportunities for Entrepreneurs

As Vietnam becomes more connected to the global economy, international entrepreneurs are finding more opportunities to grow their businesses. Thanks to its participation in over a dozen Free Trade Agreements (FTAs), the country is lowering trade barriers, aligning with global standards, and opening doors to major markets in Europe and the Americas.

Vietnam’s open trade policies are not only boosting exports, but also attracting entrepreneurs who want to build businesses that can compete on a global scale. With affordable production costs and access to preferential trade terms, Vietnam offers a strong foundation for companies looking to expand beyond borders.

Vietnam’s growing role on the world stage is also supported by stronger diplomatic relationships. In May 2025, the official visit of French President Emmanuel Macron led to the signing of 14 new cooperation agreements, showing just how committed Vietnam is to being a key business partner internationally. These developments send a clear message to global investors: Vietnam is open for business, globally connected, and ready to lead in regional trade.

A Supportive Ecosystem for Entrepreneurial Growth

Beyond economic indicators, many expats are drawn to Vietnam by its distinctive quality of life—something not easily measured, but deeply felt. The country boasts a rich cultural heritage that blends tradition with modernity, a globally celebrated food scene that turns everyday meals into memorable experiences, and a tropical climate that offers year-round warmth and vibrancy. Add to this the genuine hospitality of the Vietnamese people and a more relaxed, less pressured lifestyle compared to other major business hubs in Asia, and it’s easy to see why Vietnam stands out.

These lifestyle advantages, paired with tangible business benefits—such as an open and fast-growing economy, low barriers to entry, and increasing support for foreign-led ventures—create a uniquely fertile ground for entrepreneurship. For global founders seeking both opportunity and a better quality of life, Vietnam is fast becoming a destination of choice.

Final Thought: A Promising Future for Entrepreneurs in Vietnam

Vietnam is becoming more than just a place to visit—it’s quickly turning into a global center for startups and innovation. With government support, growing international ties, and an energetic lifestyle, Vietnam is creating the right conditions to attract and support foreign entrepreneurs.

For founders around the world, Vietnam offers not only immediate opportunities but also long-term strategic advantages. Those who establish themselves here today are well-positioned to take advantage of Vietnam’s current growth and tap into global markets.

Global business leaders to convene in Vietnam port city of Hai Phong for key APEC event

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Hai Phong City, a rising economic hub in Northern Vietnam, is set to host the 3rd Meeting of the APEC Business Advisory Council (ABAC III) and a series of high-level business events from July 15–18, 2025.

This milestone event will welcome approximately 250 international and Vietnamese delegates, including senior executives from global corporations, trade and investment promotion agencies, and business leaders from the 21 APEC member economies.

The gathering serves as a critical step in Vietnam’s roadmap to assume the role of APEC and ABAC Chair in 2027.

A Strategic Gateway for Engagement and Investment

According to Mr. Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) and Chairman of ABAC Vietnam, the meeting presents a unique opportunity for Vietnamese enterprises to engage directly with regional economic leaders, discuss development strategies, and propose policy recommendations on trade liberalization, investment facilitation, digital transformation, and sustainable growth.

“This year’s ABAC theme, Bridge. Business. Beyond., embodies the spirit of connection and forward-looking cooperation. Vietnam aims to play a pivotal role as a bridge between APEC economies in this process,” Mr. Cong emphasized.

Hai Phong – Poised to Host the Region’s Business Elite

Hai Phong has completed all logistical, security, and communications preparations to host the ABAC meeting. More than just an international forum, the event also serves as a prime opportunity to showcase Hai Phong’s strategic potential to global and domestic investors.

As part of the broader program, several investment and diplomatic promotion activities are planned. The highlight will be the Hai Phong Trade and Investment Promotion Conference on the afternoon of July 15, held at the Hai Phong Conference and Performing Arts Center, with an expected attendance of 700 distinguished guests.

An accompanying exhibition on Hai Phong’s economic achievements and flagship products will be held at the Pullman Hotel from July 15 to 18, featuring key sectors such as industrial manufacturing, high-tech agriculture, logistics, port services, and tourism.

Shaping Policy Recommendations for APEC Leaders

ABAC III is one of four major annual meetings of the APEC Business Advisory Council. The outcomes and policy recommendations discussed during this session will be submitted to APEC Leaders for consideration at the 2025 APEC Summit.

Following the Hai Phong meeting, ABAC IV and the APEC CEO Summit 2025 are scheduled to take place in South Korea in October, ahead of the APEC Economic Leaders’ Meeting.

Israel Strikes Deep into Tehran – Hezbollah Declares War – Russia Warns of “New Chernobyl”

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The Middle East is on the brink of historic escalation as Israel launches a bold wave of airstrikes deep into Iranian territory, prompting fierce warnings from Hezbollah and a chilling nuclear alert from Russia. A new geopolitical axis—Iran–Hezbollah–Russia—is rapidly forming, signaling the most dangerous regional escalation since World War II.

✈️ Tehran Under Attack: Israeli Air Force Bombs Capital

In the early hours of June 20, explosions rocked Tehran as Israeli warplanes struck the Lavizan district, home to several top-secret Iranian military installations. This marks Israel’s first direct strike into the heart of Iran’s military command in years.

Separately, a Revolutionary Guard base in East Azerbaijan province was hit by drones, resulting in multiple casualties.

Analysts confirm this is no longer a tit-for-tat exchange—it’s a coordinated campaign targeting the core of Iran’s defense infrastructure.

Hezbollah: “We Will Not Stand Aside”

Following the attacks, Hezbollah’s deputy leader, Naim Qassem, issued a fiery statement:

“The U.S. President’s threats to strike Iran’s Supreme Leader are not just provocative—they’re a declaration of war on the entire Middle East. Hezbollah will not remain neutral and will respond appropriately to any act of aggression.”
This declaration raises the specter of a new front opening in northern Israel, where Hezbollah holds significant power along the Lebanon border.

☢️ Russia Issues Nuclear Warning: “A New Chernobyl Is Possible”

In a stark and unprecedented warning, Russia’s Security Council Deputy Chair Dmitry Medvedev stated:

“Israeli strikes on Iran’s nuclear facilities risk triggering a large-scale nuclear catastrophe—potentially another Chernobyl, this time in the Middle East.”
Beyond a humanitarian alert, Medvedev’s message hinted that Russia may intervene directly if regional stability—or Russian interests in the Caucasus—are threatened.

Global Fallout: Oil, Markets, and Financial Panic

Oil prices have spiked sharply amid fears of supply disruption across the Gulf region.

Stock markets worldwide have begun to wobble, pricing in the risk of full-scale war.

Gold and safe-haven assets are seeing surging inflows, as investors brace for a prolonged crisis—not just a short-term flare-up.

Two Scenarios Lie Ahead

Full-Scale War: If Israel targets Iran’s nuclear infrastructure and Tehran retaliates with ballistic missiles, a direct U.S.–Iran conflict could erupt—dragging in Hezbollah, Russia, and other regional proxies.

️ Negotiation Amid Chaos: A tactical ceasefire could still be brokered—possibly by China or Turkey—but only if Israel halts before crossing Iran’s red lines.

Conclusion: The Proxy War Era May Be Over

The Middle East is no longer a simmering flashpoint—it’s now the epicenter of a looming global conflict.

With nuclear warnings, expanding alliances, and open declarations of war, the boundary between proxy warfare and direct confrontation between nuclear powers is vanishing. The world must prepare—not just diplomatically, but economically and militarily—for the worst-case scenario.

Tourist Scammed and Intimidated on Bùi Viện Walking Street in Ho Chi Minh City: A Cautionary Tale for Visitors

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Ho Chi Minh City — Bùi Viện Walking Street, known as the “Backpacker Street” of Saigon, is one of the most vibrant nightlife hubs in Vietnam.

Lined with neon-lit bars, pubs, street food stalls, and live music venues, it attracts thousands of international tourists each week looking to soak up the city’s buzzing atmosphere. But behind the glittering lights, some troubling incidents have raised concerns among travelers and locals alike.

One recent case has drawn attention for its boldness and coordination. A foreign traveler — a Mexican national and language tutor — found himself scammed and intimidated during a seemingly ordinary visit to a pub in the Bùi Viện area.

According to a friend of the victim, the tourist sat alone at what appeared to be a typical busy bar, consuming just two beers without seeking any additional services. During his visit, four women briefly entered, greeted him casually, and left — with no further engagement. However, events took a sharp turn shortly thereafter.

The pub staff suddenly presented a bill totaling 4 million VND (approximately $160 USD) for unspecified drinks or services. When the man rightfully refused to pay for what he hadn’t ordered, three men — described as tattooed individuals posing as security guards — appeared and pressured him into paying. Fearing for his safety, the traveler reluctantly complied.

“I believe this was a coordinated scam,” the friend commented. “What’s even more upsetting is that he’s from a tougher area of Mexico and is usually extremely street-smart. He let his guard down in Vietnam, thinking it was a safe, orderly society.”

While the victim was not physically harmed, the experience left him shaken and deeply disappointed. He had admired Vietnam’s hospitality and public safety, and the incident challenged those impressions.

Although Bùi Viện remains a major attraction in Ho Chi Minh City, travelers are reminded to exercise caution — especially when entering unfamiliar venues or dealing with unclear pricing. Incidents like this, though not widespread, reflect the risks that can exist in even the most tourist-friendly neighborhoods.

Vietnam Insider has reached out to local authorities for comment on this incident and broader safety measures in Bùi Viện, and we will update the story as more information becomes available.

Here’s Why Foreign CEO Amazed by Vietnam’s Motorbike Taxi Culture

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A recent visit to Vietnam by Arun Prabhudesai, Founder and CEO of India-based Armoks Media, has sparked widespread discussion on social media about the contrast between Vietnam’s thriving motorbike taxi services and the regulatory crackdown on similar services in parts of India.

During his trip, Prabhudesai was struck by the overwhelming number of two-wheelers navigating Vietnam’s urban streets. He shared his observations in a post on X (formerly Twitter), comparing Vietnam’s open embrace of motorbike taxis to the restrictive environment in his home country, particularly the ban on ride-hailing bikes in Karnataka.

“Just landed in Vietnam, checked into the hotel, and I’m absolutely stunned by the number of two-wheelers on the roads,” he wrote. “Vietnam is truly the land of two-wheelers. You can easily explore the city with services like GrabBike. Meanwhile, in India, bike taxis like Rapido are banned in several states. Why is that? Aren’t bike taxis a more affordable and accessible option for Indian consumers?”

Accompanying his post was a video showcasing the bustling streets of Vietnam filled with motorbikes. The post quickly gained traction, igniting a spirited debate.

Mixed Reactions Online

Some users supported Prabhudesai’s viewpoint. One shared: “I had a similar experience when I visited Vietnam last December. I asked my tour guide why there were so many bikes, and he explained that high car prices force many people to rely on two-wheelers.”

Others, however, raised concerns about safety and infrastructure. One user noted, “At least in Vietnam, people follow traffic lanes and laws. In India, it’s not like that. So bike taxis become very dangerous, especially with the way they are driven.”

Another commenter described a troubling experience: “Bike taxis in India are unsafe. I don’t support banning them entirely, but rules like speed limits need to be enforced. Once, I asked a driver to slow down—he was going 85 km/h in the city. In response, he deliberately dropped to 18-20 km/h to mock me.”

A different perspective pointed to the recklessness of some drivers: “They’re a threat. Many riders rush to grab the next ride, using their phones while navigating traffic, especially toward the end of trips. Cars are slightly better because they’re at least stable when stationary—but still not ideal.”

Several users emphasized India’s lack of suitable infrastructure. “I don’t think Vietnam’s motorbike taxi culture is comparable to Rapido or Uber Moto in India,” one user wrote. “Our roads aren’t designed for it, most drivers are undertrained, and it’s far too risky. Convenience shouldn’t come at the cost of lives.”

Karnataka’s Ban on Bike Taxis

On June 16, 2025, the state of Karnataka officially suspended all motorbike taxi services following a Supreme Court ruling that upheld the government’s initial ban. The directive requires all service providers to halt operations until new regulatory guidelines are introduced.

In response, major platforms like Rapido and Uber have removed the bike taxi option from their apps within the state, effectively suspending the service for millions of potential users.

As India debates the future of tech-enabled mobility, Prabhudesai’s Vietnam experience serves as a powerful comparison—and a potential roadmap for what could be possible with the right policies and infrastructure in place.