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KBC to Raise Nearly VND 6 Trillion to Support Strategic Partnership with The Trump Organization

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Kinh Bac City Development Holding Corporation (HOSE: KBC), chaired by prominent Vietnamese businessman Mr. Dang Thanh Tam, has approved a private placement plan to issue 250 million common shares at a price of VND 23,900 per share. The move is expected to raise nearly VND 6 trillion (approximately USD 235 million).

The offering price was determined at 80% of the average closing price over the 30 trading sessions prior to April 1, 2025, rounded for simplicity. The shares will be restricted from trading for 12 months after issuance, except for transfers between professional securities investors or in accordance with legal rulings.

The targeted buyers for the placement are exclusively professional investors, including a number of major institutional names. A preliminary list includes Dragon Capital’s DC Developing Markets Strategies PLC, Prudential Vietnam Life Insurance, SGI Fund, VPBank Securities, Samsung Vietnam Securities, Vietnam Enterprise Investments, and Amersham Industries Limited. Additionally, four high-net-worth individual investors are expected to acquire between 35 and 39 million shares each.

Use of Proceeds: Debt Restructuring and Project Investment

According to KBC’s capital utilization plan, the proceeds from this issuance will primarily support debt restructuring and working capital needs. The company intends to restructure up to VND 6.09 trillion in liabilities in 2025.

This includes: VND 4.428 trillion for principal and interest payments owed by Saigon – Bac Giang Industrial Park JSC. VND 1.462 trillion for debts held by Saigon – Hai Phong Industrial Park JSC. Over VND 105 billion to settle loans from VietinBank. VND 160 billion to supplement working capital.

Strategic Partnership with The Trump Organization

Notably, this capital raise aligns with KBC’s commitment to an ambitious urban and tourism development project in Hung Yen province, where it plans to contribute approximately VND 5.968 trillion (USD 235 million).

In April, Mr. Dang Thanh Tam signed a board resolution approving KBC’s participation in the investment proposal and its role as an investor in the Khoai Chau Urban, Eco-Tourism, and Golf Complex project. The total capital for this project is estimated at USD 1.5 billion.

The project, to be developed by KBC’s subsidiary — Hung Yen Investment and Development Group JSC — is part of a strategic cooperation with The Trump Organization, the real estate empire of former U.S. President Donald Trump and his family.

Set to become the first Trump-branded development in Vietnam, the project will carry the name Trump International Hung Yen, marking a significant milestone in both U.S.–Vietnam business collaboration and KBC’s international expansion ambitions.

KBC will present this initiative, along with other key strategic matters and transactions with its Hung Yen subsidiary, to shareholders during its upcoming 2025 Annual General Meeting, expected to take place later this month.

Vietnam’s Clam Exports Surge as One Country Ramps Up Purchases by 381%

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Vietnam’s clam industry, a high-value segment of its mollusk exports, is experiencing a surge in global demand—most notably with an unexpected spike in imports from China.

According to the latest data from Vietnam Customs, the country’s clam export value reached over USD 37 million in the first four months of 2025, marking a 44% increase compared to the same period in 2024.

Strong export growth was recorded across both traditional and emerging markets, with the European Union (EU)remaining Vietnam’s largest clam importer. Italy led the pack with USD 10 million in imports as of May 15, 2025—a year-on-year increase of 39%. Spain followed with nearly USD 9 million, maintaining stable demand compared to last year. The United States and South Korea also posted encouraging import growth.

Vietnam’s ability to meet stringent international standards is helping drive this success. Several major clam farming regions—including Ben Tre (certified by the Marine Stewardship Council – MSC), Tien Giang, Tra Vinh, Nam Dinh, and Ninh Binh (certified by the Aquaculture Stewardship Council – ASC)—have obtained sustainability certifications. These certifications are seen as a “passport” to penetrate demanding markets such as the EU, U.S., Japan, and Australia, which require traceability from farm to finished product to ensure food safety and origin transparency.

The standout story, however, is China, where clam imports from Vietnam soared by 381%, making it the third-largestimporting market with a total value exceeding USD 8 million. This dramatic increase allowed China to surpass several traditional buyers.

Conversely, some established markets experienced a decline. The Netherlands saw a sharp 56% drop, while Japandecreased by 38%, reflecting shifting consumer preferences or intensified competition in those regions. The UK and Singapore also reported declines.

As of the end of May 2025, Vietnamese clams had reached 49 international markets, with a wide range of export products including IQF frozen boiled clam meat, half-shell boiled clams, and whole clams. With certified sustainable farming areas and significant market potential, Vietnam’s clam sector is expected to maintain strong growth in the coming months.

However, challenges remain. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the industry faces declining seed quality and unsustainable farming practices. Overharvesting of juvenile clams and poor broodstock management are threatening the natural clam population. Furthermore, increased farming density in some areas has disrupted zoning plans and led to environmental degradation, affecting the consistency and quality of raw material supply.

VASEP emphasizes that for Vietnam’s mollusk industry to grow sustainably, strategic support is needed, including access to investment, credit, and technical assistance for producers and processors. In addition, ensuring price stability, profitability for farmers, and developing specialized farming zones that meet strict safety and quality standards will be crucial for the long-term success of the sector.

VN-Index Surges Past 1,350 Points as Techcombank Leads Market Rally

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On June 19, Vietnam’s benchmark VN-Index broke through the 1,350-point mark, closing at 1,352.04 points, its highest level in recent months. Despite the index’s upward movement, market sentiment remained mixed, with gains concentrated in a few large-cap stocks, while many investors saw little improvement in their portfolios.

Across investor forums and online communities, the market was described as being in a state of “green on the outside, red on the inside,” reflecting the disparity between the index performance and broader market breadth. On the Ho Chi Minh Stock Exchange (HoSE), 162 stocks declined, while only 139 stocks advanced.

Techcombank (TCB) took center stage, emerging as the strongest performer in the VN30 group. TCB shares surged 3.66%, the highest gain among blue chips, with trading volume exceeding 23.2 million shares—making it the most positively impactful stock on the VN-Index for the session.

Following TCB was GVR, rising 3.1% to VND 29,900 per share. Other VN30 gainers posted more modest increases under 1.5%, including VIC, SSI, GAS, LPB, PLX, and CTG.

On the flip side, BVH and SHB were the biggest laggards in the VN30 basket, each falling over 1.1%. Despite the decline, SHB, associated with businessman Do Quang Hien, maintained strong liquidity, trading over 51.3 million sharesduring the session.

The market also witnessed a few rare ceiling hits, with four stocks on HoSE reaching their daily price limit: PHR, DGW, LDG, and LGL. Notably, LDG Investment JSC shares hit the ceiling for the third consecutive session, though the stock’s price remains low, closing at just VND 2,640 per share—often referred to as “iced tea price” in local investor slang.

Meanwhile, foreign investors recorded a net sell-off of nearly VND 966 billion, focusing on major tickers such as FPT, VHM, and STB. Buying activity was relatively subdued, with modest net inflows seen in DGW, GVR, SSI, and NVL.

Could the U.S. Strike Iran? “The Bullet Is in the Chamber”

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As the cycle of drone and missile attacks between Tel Aviv and Tehran escalates in both intensity and scale, the United States is making increasingly notable military moves in the region—raising the stakes in a volatile situation.

To reinforce the Sixth Fleet currently operating in the Arabian Gulf and the waters off East Africa, the U.S. Navy has redeployed the USS Nimitz aircraft carrier from the Seventh Fleet. Simultaneously, American air force, navy, special forces, and marine units stationed at key bases in Iraq, Bahrain, and Oman have been mobilized.

While some sources have suggested that the U.S. military may be withdrawing troops to reduce exposure to potential Iranian missile strikes, The Wall Street Journal, citing sources close to the White House, reported on June 18, 2025, that President Donald Trump has secretly approved a plan to strike Iran.

Publicly, President Trump has signaled that his patience is wearing thin. Several Western media outlets have also reported that the U.S. is considering deploying the 13-ton GBU-57 Massive Ordnance Penetrator (MOP) to target Iran’s underground Fordow nuclear facility.

To deliver this “bunker buster,” the U.S. has the stealth-capable B-2 Spirit bomber at its disposal. In addition, KC-135 and KC-46 aerial refueling aircraft have been deployed to the Middle East—likely in preparation to support long-range missions involving the B-2s.

While headlines may focus on a possible evacuation of U.S. personnel, military analysts point to a more strategic shift: American forces in the Middle East and beyond appear to be transitioning into a high-alert combat-ready posture, with reinforcements in both manpower and advanced weaponry.

Following Iran’s firm rejection of negotiations with Israel and its dismissal of Western ultimatums to resume nuclear talks, President Trump remarked, “Anything is possible,” adding, “We have plans for every scenario.”

So, what lies behind these heightened military maneuvers? What are Washington’s true objectives—and what operational strategies might the U.S. employ in response to the evolving regional crisis?

Vietnam’s Reunification Express Named One of the World’s Most Breathtaking Rail Journeys by Lonely Planet

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Vietnam’s legendary north-south railway — the Reunification Express — has been hailed by Lonely Planet as one of the 24 most incredible train journeys in the world, earning its place as one of Southeast Asia’s most beloved rail experiences.

Stretching over 1,700 kilometers between the country’s twin economic and cultural powerhouses, Hanoi and Ho Chi Minh City, the railway offers travelers an unforgettable way to explore Vietnam’s soul. Winding through vibrant cities, lush dragonfruit fields, misty mountains, and stunning coastline, the Reunification Express is more than a train ride — it’s a cinematic voyage through the heart of the nation.

“There is no more atmospheric way to haul into Vietnam’s twin metropolises as this train rattles through historic cities and swooshes beside spectacular coastlines,” Lonely Planet wrote, highlighting its immersive cultural and scenic appeal.

Key highlights along the route include Hue, Vietnam’s poetic former imperial capital; Da Nang, a dynamic coastal city with golden beaches; Hoi An, a UNESCO-listed ancient town famed for lantern-lit streets and timeless charm

This accolade places Vietnam alongside world-renowned train journeys such as: The California Zephyr (USA); The Beijing-to-Lhasa Express (China); The TranzAlpine (New Zealand); The Caledonian Sleeper (UK); The Hokkaidō Shinkansen (Japan).

As Vietnam’s tourism sector continues to rise on the global stage, the Reunification Express stands out not just as a mode of transport, but as an emblem of the country’s heritage, resilience, and natural beauty — a must for every discerning traveler.

Vietnam Unveils $7B Ho Chi Minh City International Financial Hub to Attract Global Investors

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Ho Chi Minh City (HCMC), Vietnam’s economic powerhouse, is accelerating plans to establish a world-class international financial center spanning 783 hectares across both sides of the Saigon River — a transformative project aimed at positioning Vietnam as a leading financial destination in Asia.

The initial phase, covering nine prime hectares in the heart of Thu Thiem, will feature the headquarters of key regulatory and supervisory bodies, laying the groundwork for a robust, transparent, and investor-friendly ecosystem. This first stage, expected to be completed within 2–3 years, will require an estimated VND16 trillion (approx. $630 million)— with VND2 trillion contributed by the government and the remainder open to private and institutional investors.

Related: Here’s how to set-up a foreign invested company in Vietnam

The proposal is currently under government review, with operations slated to begin as early as 2025. By 2030, the full hub will offer a wide spectrum of sophisticated financial services, including banking, capital markets, fund and asset management, and cutting-edge fintech platforms, supported by sandbox mechanisms for innovation and derivatives trading.

In parallel, HCMC is developing a forward-looking human capital strategy to attract global talent. In 2025, five specialized training programs will launch, while city officials continue benchmarking best practices from international financial centers in the U.K., Hong Kong, China, and Kazakhstan.

This ambitious project aligns with Vietnam’s broader vision of a dual-hub model, complementing HCMC’s financial ecosystem with a parallel development in Da Nang, creating new opportunities for international capital, technology, and talent.

Investors seeking early-mover advantage in Asia’s next financial frontier are invited to explore partnership opportunities now.

New Investment Opportunity in Vietnam: 100% Acquisition of Licensed Technology & Media Company with Social Network Service License

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HANOI, Vietnam – A rare opportunity has emerged for investors looking to establish or expand their digital footprint in Vietnam’s fast-growing tech and media landscape. A legally licensed and fully operational Vietnamese technology company is now open for 100% equity acquisition.

Founded in 2017, the company is active across several high-potential sectors, including:

Online portal services
Computer programming and software development
Advertising (digital and traditional)
Trade promotion and business matchmaking

Key Asset: Licensed Social Network Service

The company holds a Social Network Service License issued by the Ministry of Information and Communications of Vietnam—a critical and highly regulated requirement for digital and online community operations in the country. This positions the business as a compliant, ready-to-scale platform for investors looking to tap into Vietnam’s booming digital economy.

Additional Highlights:

Legally registered and fully compliant with tax and regulatory obligations
Charter capital of VND 50,000,000 (approx. USD 2,000)
Transparent corporate structure and complete financial records available for due diligence

This is an ideal acquisition for media groups, digital marketing firms, technology startups, or foreign investors aiming to enter Vietnam’s tightly regulated social media and content space through an established and licensed entity.

Price and transaction terms will be discussed privately with serious buyers.

For inquiries and further information, please contact: Mr. Dung Duong | Email: dung.duong@gbs.com.vn | Mobile: +84383001977

Hanoi Taxi Driver Arrested for Extorting Ethnic Minority Passenger with Inflated Fare

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Hanoi police have arrested a taxi driver accused of extorting VND4.2 million (approximately US$160) from a young ethnic Hmong man for a 30-kilometer ride—an amount nearly ten times higher than the typical fare.

Authorities confirmed on Tuesday that Thai Ngoc Anh, 32, a resident of Thanh Xuan District, is under investigation for alleged extortion. Several other individuals allegedly involved in the incident, which occurred last Friday, have also been detained for questioning.

According to police reports, the victim, Giang Ho, 25, from Muong Khuong District in Lao Cai Province, and his 32-year-old aunt, Cu Mua, were attempting to return home after receiving medical treatment in Hanoi. At approximately 2 p.m., the pair used a ride-hailing service to travel from the National Children’s Hospital to My Dinh Bus Station, only to discover that their bus had already departed.

They were then approached by two motorbike taxi drivers who offered to help them catch the bus at its next stop along Pham Hung Street. After riding for roughly one kilometer, the drivers informed the passengers that the bus had already entered the expressway, suggesting they switch to a taxi to reach it.

The victims paid the motorbike drivers VND700,000 (US$26.83), which they were told included the cost of the forthcoming taxi ride. However, after traveling approximately 30 kilometers, taxi driver Thai Ngoc Anh dropped them near the Noi Bai – Lao Cai Expressway and demanded an additional VND4.2 million.

When Mr. Ho objected and requested the taxi driver’s phone number to verify the charge with the motorbike drivers, Anh allegedly threatened to drive them back to My Dinh Station unless they paid in full. Mr. Ho was forced to borrow the money from relatives in order to avoid further confrontation.

After exiting the vehicle, Mr. Ho and his aunt attempted to reach the expressway on foot, where they encountered a passing driver who offered them a free ride to catch their bus. That driver recorded the story and later shared it on social media, drawing significant public attention.

Based on standard taxi fare rates in Hanoi—typically VND10,000 to VND12,000 for the first one to two kilometers and VND11,000 to VND15,000 for each subsequent kilometer—a 30-kilometer trip should not exceed VND400,000 (US$15.30).

The case has sparked strong public outcry over the exploitation of vulnerable passengers and highlights the need for stricter oversight and regulation of informal transportation services.

Hanoi authorities say the investigation is ongoing.

Danang International Fireworks Festival: UK and Portugal Set for Dazzling Duel on June 21

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DANANG, Vietnam – The fourth night of the Danang International Fireworks Festival (DIFF 2025) promises a breathtaking spectacle as two of Europe’s most accomplished fireworks teams—Portugal’s Macedos Pirotecnia and the UK’s Pyrotex Fireworx—prepare to light up the Han River with world-class pyrotechnics on June 21 at 8:00 PM.

Themed “For a Sustainable Future,” this evening’s showdown will be a fusion of artistry, innovation, and emotional storytelling through light and sound, continuing a festival that has already brought record crowds and vibrant energy to the coastal city.

Portugal’s Debut: A Green Message in a Sky Full of Light

Making its first-ever appearance at DIFF, Macedos Pirotecnia brings nearly a century of experience to the stage. Known across Europe for their precision and poetic displays, the Portuguese team’s entry—titled “Symphony of Light for a Green Future”—blends traditional craftsmanship with modern techniques.

Spectators can expect mesmerizing effects including volcanic bursts, comet tails, and cascading waterfalls of light. According to the team’s representative, the choreography is built around “dynamic transitions and emotional crescendos” designed to reflect the grandeur of nature and the urgency of protecting the planet.

Macedos Pirotecnia has earned international acclaim with awards from Monaco, Russia, France, Czech Republic, Poland, and most recently, second place at the 2024 Philippines International PyroMusical Competition.

The UK Returns with an Emotional Rollercoaster of 8,000 Fireworks

Representing the United Kingdom, Pyrotex Fireworx is no stranger to global success, having claimed top honors in major competitions across Canada, Mexico, France, and Italy. This year, they bring to Danang a compelling performance titled “Waves of Emotion.”

Featuring nearly 8,000 individually customized fireworks, the show promises a powerful sensory experience, with a blend of modern lighting effects, dynamic tempo, and a uniquely composed musical soundtrack.

“We want to take the audience on an emotional journey,” shared a spokesperson from Pyrotex Fireworx. “There will be moments of joy, of introspection—perhaps even tears. This year’s display is our most ambitious yet.”

Their presentation aims to highlight the deep connection between humans, nature, and community, echoing the night’s theme of sustainability.

Beyond Fireworks: A Night of Music and Magic

In addition to the explosive visual showdown, the audience will enjoy a rich cultural program featuring performances by Vietnamese artists including Đông Hùng, Lâm Bảo Ngọc, and Tố My, adding a local flavor to the evening’s international flair.

DIFF 2025, which began on May 31 and runs through July 12, has become one of Southeast Asia’s most anticipated cultural events. Held every weekend, the festival has brought a wave of visitors and festive spirit to Danang’s bustling riverfront.

Following the June 21 competition, two more nights remain: South Korea vs. Italy on June 28, and the Grand Finale on July 12.

With excitement mounting and the Han River as its glittering stage, DIFF 2025 continues to showcase Danang as a beacon of creativity, culture, and community spirit.

Vietnam’s Housing Market Remains Resilient Amid Tariff Concerns and Surging Demand

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Ho Chi Minh City, June 18, 2025 – Vietnam’s housing market, while facing short-term headwinds from potential U.S. tariffs, continues to demonstrate strong underlying momentum, supported by robust economic fundamentals, rising middle-class demand, and sustained investor confidence.

In the first quarter of 2025, Vietnam’s real estate sector saw dynamic activity. Major developers such as Vinhomesreported outstanding sales performance. Within just four days of its March launch, 90% of the first-phase units at Vinhomes Wonder City, a premium low-rise residential development on the western edge of Hanoi, were sold. Priced at under half the cost of similar offerings in central Hanoi, the project attracted intense market interest, driving both rental prices and investor speculation in the surrounding area.

Market enthusiasm was also reflected in the company’s share price, which surged over 13% between March and mid-April, bucking the broader Ho Chi Minh City stock market trend, which declined by nearly 8% during the same period.

However, the announcement by U.S. President Donald Trump in early April of a new 46% tariff on Vietnamese exports—later revised to a temporary 10% blanket tariff—introduced a layer of uncertainty to the broader economic outlook, including the property sector. With Vietnam’s economy heavily reliant on U.S. trade—nearly 30% of exports are U.S.-bound—the housing market has entered a “wait-and-see” phase, according to analysts.

Long-Term Fundamentals Remain Strong

Despite near-term caution, market experts agree that Vietnam’s real estate outlook remains fundamentally sound. In 2024, the country posted GDP growth exceeding 7%, the highest in Southeast Asia. The World Bank recently raised its 2025 growth forecast for Vietnam to 6.8%, citing strong economic momentum and advising the country to leverage fiscal space to prepare for external uncertainties.

In Hanoi, new condo supply tripled in 2024 to nearly 40,000 units, with sales reaching over 70% and prices rising by 24% year-on-year, according to CBRE. The positive trend continued into 2025, with Savills reporting a 5% quarter-on-quarter increase in the first quarter.

In contrast, Ho Chi Minh City experienced a drop in new residential launches, and sales of landed properties fell 50%compared to 2023. Yet, infrastructure projects such as the completion of the city’s first metro line are expected to revive demand. Market activity in Q1 was dampened by the Lunar New Year holiday but still outpaced the same quarter last year.

“Right now, it’s a cautious environment,” said Alex Crane, Managing Director at Knight Frank Vietnam. “Large deals are being reassessed, capital expenditures are on hold, and all assumptions are under review—especially with tariff negotiations still underway between the U.S. and Vietnamese governments.”

Structural Drivers and Wealth Expansion Fuel Growth

Vietnam’s property market remains underpinned by structural advantages: a young, growing population of over 100 million, increasing urbanization, and a fast-expanding middle class—now accounting for around 30 million people, or 30% of the population.

Rising housing prices, however, have sparked concerns over affordability. According to the Ministry of Construction, average apartment prices in Hanoi rose 58% in 2023 alone. Savills warned that affordable housing is becoming increasingly inaccessible, with secondary cities now being viewed as a potential solution for mid-income buyers.

While affordability is a pressing issue, another notable trend is the growth of Vietnam’s ultra-high-net-worth population. Between 2023 and 2028, the number of individuals with over USD 30 million in investible assets is expected to rise by 30%, the fastest rate in mainland Southeast Asia outside Malaysia. By 2028, Vietnam is projected to host nearly 1,000 individuals in this wealth bracket, fueling demand for ultra-luxury residences.

Projects like JW Marriott’s Grand Marina Saigon, which launched its second 46-storey tower in February with unit prices starting at USD 14,000 per square meter, are setting new benchmarks for Vietnam’s luxury property market.

Outlook: Risks Acknowledged, Resilience Expected

Analysts acknowledge that trade uncertainty and a fragile global environment may disrupt short-term investment confidence. Potential impacts on supply chains, leasing volume forecasts, and lending policy remain closely watched. However, a weakening U.S. dollar, lower borrowing costs, and declining interest rates are expected to cushion the effects.

“Vietnam entered 2025 with remarkable momentum,” said Matthew Powell, Director of Savills Hanoi. “While tariffs present a real risk, the housing sector remains anchored by long-term fundamentals. If macro conditions remain relatively stable, the market may bend—but is unlikely to break.”

With Vietnam aiming to achieve upper-middle-income status—defined by the World Bank as per capita income above USD 4,515—before the end of the decade, the property sector is poised to benefit from deeper capital formation, infrastructure upgrades, and sustained urban migration.

For now, Vietnam’s real estate market stands at a crossroads, balancing immediate geopolitical uncertainties with promising long-term growth potential.

Vietnam Airport Security Officer Assists Foreign Traveler in Recovering Lost Backpack

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Hanoi, June 18, 2025 – A Chinese passenger was reunited with his backpack containing valuable personal belongings, thanks to the swift and dedicated efforts of a security officer at Noi Bai International Airport.

According to airport authorities, Lai Jian Syun had arrived in Hanoi from Guangzhou on Tuesday evening and taken a taxi into the city. Upon reaching his destination, he realized he had accidentally left his backpack in the vehicle. Without any identifying information about the taxi—such as the license plate or driver details—Lai promptly returned to the airport at approximately 11:45 p.m. to seek assistance.

At Terminal 2, Lai approached on-duty security officer Kieu Huy Hung, who listened attentively despite the language barrier, using translation tools to understand the situation. The missing backpack reportedly contained a laptop, personal items, and 100,000 Chinese yuan (approx. $13,900).

Although initial CCTV footage did not reveal the taxi’s license plate, Hung coordinated with airport authorities and relevant partners to trace the vehicle. By 12:30 a.m. the following morning, the taxi driver returned to the terminal and safely delivered the missing backpack, which was then returned to Lai.

Expressing his appreciation, Lai later sent an email to the airport’s passenger service quality department, commending the professionalism and dedication of Officer Hung and the airport staff.

This incident underscores Noi Bai International Airport’s commitment to passenger support and service excellence, particularly in emergency situations involving international travelers.

Vietnam Emerges as Strategic Market for U.S. Soybean Exports

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Ho Chi Minh City, June 18, 2025 – Vietnam is increasingly solidifying its position as a key market for U.S. soybeans, with trade volumes and strategic cooperation expanding steadily, officials confirmed during a ceremony on Wednesday marking 30 years of partnership between the U.S. Soybean Export Council (USSEC) and Vietnam.

As part of the event, USSEC and the Partnership for Sustainable Agriculture in Vietnam signed a memorandum of understanding (MoU) aimed at deepening bilateral trade, strengthening cooperation, and enhancing access for Vietnamese importers to U.S. soybean products.

According to data from Vietnam’s General Department of Customs, the U.S. exported more than 414,000 metric tons of soybeans to Vietnam in the first quarter of 2025, valued at over USD 186 million—representing a 47% increase in volume and 19% increase in value compared to the same period last year. In 2024, Vietnam imported over 2.2 million metric tons of soybeans worth nearly USD 1.1 billion, and that figure is expected to grow further in 2025.

Rising Demand from Vietnam’s Agri-Food Sector

Vietnam’s rising soybean imports are driven by surging demand in the livestock and aquaculture feed industries, as the country remains the world’s sixth-largest pork producer and fourth-largest seafood exporter. The country also faces increased demand from its rapidly growing pet food sector, which USSEC forecasts will double in size by 2028.

“Vietnam’s strong development in the food and feed sectors has made it one of our most valued partners in the region,” said Timothy Loh, USSEC’s Regional Director for Southeast Asia and Oceania. “Our collaboration is built on mutual trust and a shared commitment to long-term growth.”

Complementary Trade Relations

Addressing the event, Nguyen Do Anh Tuan, Director General of the International Cooperation Department under the Ministry of Agriculture and Rural Development, emphasized that agricultural trade between Vietnam and the U.S. is complementary, not competitive.

He cautioned against trade interventions such as retaliatory tariffs, which he said would harm both parties: “If the U.S. imposes high tariffs on Vietnamese agricultural exports, it could also face difficulties selling its products to Vietnam.”

From 2016 to 2024, agricultural trade between the two nations grew at an average annual rate of 10%. In 2024, the U.S. exported USD 3.4 billion worth of crops and livestock products to Vietnam, while Vietnam exported USD 2.8 billion of similar goods to the U.S., resulting in a U.S. trade surplus in this sector.

Notably, Vietnam imposes zero import tariffs on U.S. soybeans and soybean meal, supporting trade growth. Despite being an agricultural nation, Vietnam cultivates soybeans on only 20,000 hectares, far below domestic consumption needs—making imports vital.

Future Outlook and Challenges

USSEC highlighted several factors expected to support continued momentum in U.S. soybean exports to Vietnam, including the expansion of the feed manufacturing industry, the establishment of local crushing facilities, and liberalized trade policies.

However, challenges remain. Vietnam continues to struggle with high feed production costs and dependency on imported raw materials. To address these challenges and expand bilateral trade, Minister of Agriculture and Rural Development Do Duc Duy led a delegation to the U.S. in early June, where agricultural import agreements worth nearly USD 3 billion were signed.

With robust trade ties, strategic alignment, and mutual economic benefits, Vietnam is poised to remain a critical partner for U.S. soybean producers in the years ahead.

Reported by Vietnam Insider News Desk

FiinRatings Assigns First-Time Credit Rating of “A” with Stable Outlook to MSB

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Hanoi, June 18 – FiinRatings has assigned an inaugural long-term credit rating of “A” with a Stable Outlook to Vietnam Maritime Commercial Joint Stock Bank (MSB), citing its strong business foundation, robust capital buffers, sound profitability, appropriate risk profile, and healthy liquidity position.

According to FiinRatings, the rating reflects expectations that MSB’s credit profile will remain stable over the next 12–24 months, supported by consistent performance and prudent risk management. The bank has demonstrated solid credit fundamentals, outperforming industry averages in capital adequacy and profitability, while maintaining access to diverse funding sources and managing asset quality effectively.

Business Position: Expanding Market Share and Diversified Revenue Streams

FiinRatings rated MSB’s business profile as “Adequate,” recognizing its stable operating capabilities, increasingly diversified income structure, and expanding customer base. Between 2020 and 2024, the bank gained a competitive edge in the small- and medium-sized enterprise (SME) lending segment, helping it grow market share and strengthen its presence among mid-sized private banks.

In 2024, MSB achieved a credit growth rate of 18.3%, surpassing the industry average of 15.1%. FiinRatings forecasts this growth momentum will continue, projecting credit growth of 19.5% for 2025–2026. A key strength in MSB’s income structure is its robust non-interest income, with foreign exchange trading accounting for 27% of non-interest revenue in 2024.

Capital and Profitability: Strong Buffers and Sustainable Earnings

MSB’s capital and profitability were both assessed as “Good.” The bank’s Capital Adequacy Ratio (CAR) stood at 12.4% as of December 31, 2024, higher than the industry median of 11.9%. FiinRatings expects MSB to maintain its CAR in the 12–13% range, supported by a strong Tier-1 capital base.

Despite a declining interest rate environment since 2022, MSB has sustained above-average profitability. In 2024, the bank posted a Net Interest Margin (NIM) of 3.7% and Return on Assets (ROA) of 1.9%, outperforming sector norms consistently over the past five years.

Risk Profile: Prudent Credit Management and Improved Asset Quality

MSB’s risk profile was rated “Adequate,” reflecting effective risk governance, particularly in managing non-performing loans. FiinRatings noted that MSB has strengthened its credit control practices and is expected to continue reducing the ratio of problematic assets to total customer loans.

Liquidity and Funding: Diversified Sources, Strong CASA

The bank’s liquidity and funding profile also received an “Adequate” rating. MSB has secured VND 6,500 billion in long-term funding (5 to 9-year terms) from international financial institutions as of Q1 2025, aimed at financing green and sustainable credit initiatives.

Its cost of capital remains low at 3.3%, and its Current Account Savings Account (CASA) ratio reached 26.4% at the end of 2024, significantly above the industry median of 12.2%, reinforcing its competitive position among top private banks in Vietnam.

Outlook: Pathway to Potential Upgrade

FiinRatings indicated that if MSB continues to enhance its business position by growing customer deposits, expanding its loan portfolio, boosting capital buffers, and sustaining above-average profitability, it could be considered for a rating upgrade in the future.

The “A” rating with a Stable Outlook affirms MSB’s strong financial position and commitment to sustainable growth. The bank is focused on developing retail and SME lending, expanding innovative financial products, and delivering long-term value to partners, shareholders, and customers.

Reported by Vietnam Insider News Desk

Vietnam Stock Market Ends Winning Streak as Investors Take Profits in Banks and Real Estate

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Ho Chi Minh City, June 18 – Vietnam’s benchmark VN-Index slipped into negative territory on Tuesday, snapping a strong two-day rally as investors locked in gains from banking and real estate stocks.

After climbing near a three-year high in the previous sessions, the VN-Index struggled to stay in the green throughout the day, oscillating around the reference level. The index ultimately closed just shy of 1,347 points, down by less than one point.

Analysts noted that the session reflected emerging short-term correction risks but emphasized that the overall upward trend remains intact. Market breadth, however, leaned bearish with 184 declining stocks far outnumbering 108 gainers.

Banking stocks led the market’s retreat, with six out of the ten stocks exerting the most negative pressure on the index belonging to the financial sector. Key decliners included VCB, VPB, BID, LPB, CTG, and EIB, each shedding between 1% and 1.7%. In contrast, STB and TCB offered some support, rising 2.6% and 1.2% respectively.

The real estate sector also saw widespread pullbacks, particularly among small-cap stocks such as SCR, KHG, QCG, and HDG—all down more than 1%. However, several mid- and large-cap stocks like VHH, NVL, and KDH managed to hold onto their gains.

The oil and gas sector showed signs of divergence after last week’s volatility. While PLX, POW, and PVT ended below their reference prices, GAS, OIL, PVD, and BSR stayed in the green despite growing selling pressure.

Notably, five stocks on the Ho Chi Minh Stock Exchange hit their daily upper limit without any sell orders by market close, including BCG and TCD—two stocks linked to Bamboo Capital Group.

Total market liquidity reached VND 20 trillion, about VND 700 billion lower than the previous session. No stock surpassed the VND 1 trillion trading mark. Steel giant HPG led trading activity with VND 850 billion in matched orders, followed by banking stocks MBB, SHB, STB, and TCB.

Foreign investors turned net sellers, offloading VND 272 billion after four consecutive sessions of net buying. They bought VND 2.068 trillion and sold VND 2.339 trillion, with selling pressure concentrated on STB, FPT, and HHS.

Market observers suggest that for the VN-Index to confirm a medium-term uptrend, it must convincingly break through the 1,350-point threshold with a surge in trading volume. While a new bullish wave may take time to materialize, the ongoing rotation of capital among key sectors—banking, real estate, and energy—is creating tactical opportunities for risk-tolerant investors.

Experts from Saigon – Hanoi Securities (SHS) advise investors to focus on valuations and second-quarter earnings results to guide investment decisions in the current environment.

Reported by Vietnam Insider News Desk

Vietjet Places Landmark Order for 100 New Airbus Aircraft at Paris Airshow 2025

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Paris, June 17 – Vietnamese low-cost carrier Vietjet and Airbus have officially announced a major order of 100 new A321neo aircraft, along with 50 additional purchase options, during the 2025 Paris Airshow held at Le Bourget.

The signing ceremony marks another milestone in Vietjet’s aggressive fleet expansion strategy and follows last month’s agreement to acquire 20 additional A330neo wide-body aircraft, bringing the airline’s total A330neo orders to 40. The deal underscores Vietjet’s ambitions to expand operations across high-demand routes in Asia-Pacific and prepare for long-haul services to Europe.

The A321neo, the largest member of Airbus’ best-selling A320neo family, features new-generation engines and Sharklet wingtips that enable a 20% reduction in fuel consumption and CO₂ emissions, along with a 50% decrease in noise footprint. The aircraft offers a spacious, modern cabin for enhanced passenger comfort and can operate on up to 50% sustainable aviation fuel (SAF). Airbus aims to make the aircraft fully SAF-capable by 2030.

Speaking at the signing, Vietjet Chairwoman Nguyen Thi Phuong Thao expressed confidence that the partnership would support Vietnam’s vision of becoming a regional aviation hub. “Today’s agreement is more than a commercial deal—it marks a new chapter in Vietjet’s journey towards global expansion and sustainable development of the aviation ecosystem,” she said, highlighting plans to advance Vietnam’s capabilities in passenger transport, MRO services, logistics, training, research, and aerospace infrastructure.

Benoit de Saint-Exupéry, Executive Vice President of Commercial Aircraft Sales at Airbus, praised the long-standing partnership with Vietjet. “This latest order for the A321neo, following the recent A330neo commitment, will allow Vietjet to operate more efficiently across a broader range of routes. With a fully Airbus fleet, Vietjet also benefits from the high technical commonality of our newest-generation aircraft,” he said.

Currently, Vietjet operates a fleet of over 120 Airbus aircraft and has placed cumulative orders exceeding 400 jets. The airline continues to rapidly expand its network and fleet in partnership with Airbus to meet growing passenger demand and advance its vision of a modern, sustainable aviation future.