Vietnam Insider - Page 74 of 1519

TCBS becomes Vietnam’s largest securities firm by charter capital after raising VND 1.4 trillion in private share sale

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Hanoi, June 11 – Techcom Securities JSC (TCBS), a subsidiary of Techcombank, has successfully completed a private placement of nearly 119 million shares, raising close to VND 1.4 trillion (approx. USD 55 million). The offering was priced at VND 11,585 per share and attracted 25 professional investors, including Chairman Nguyen Xuan Minh, who alone acquired over 106 million shares. Following the transaction, Mr. Minh’s stake increased to more than 168 million shares, equivalent to 8.09% of TCBS’s charter capital.

The offering was highly selective, aimed at top-level executives, key personnel with strategic value, and long-term partners who have made significant contributions to the company. Eligible employees were also required to have received a minimum A2 performance rating in the assessment year. Strategic investors and key partners were nominated by the Board Chairman.

According to TCBS, the share sale aimed to recognize and retain valuable management personnel, employees, and strategic partners.

Of the nearly VND 1.4 trillion raised, TCBS plans to allocate around VND 895 billion for proprietary trading in stocks and bonds, capitalizing on favorable market valuations to maintain high returns. Another VND 482 billion will be directed toward expanding brokerage services, margin lending, and settlement financing.

All shares issued in this private placement will be subject to a one-year lock-up period. Upon completion of the transaction, TCBS’s charter capital has increased from approximately VND 19.6 trillion to nearly VND 20.8 trillion, making it the securities firm with the highest charter capital in Vietnam. TCBS also leads the industry in shareholder equity.

As of Q1 2025, TCBS reported total outstanding margin loans and cash advances of about VND 30.5 trillion—also the highest among Vietnamese securities companies.

For 2025, TCBS has set ambitious business targets: revenue is projected to grow 22% to VND 9.3 trillion, while pre-tax profit is expected to rise 20% to VND 5.77 trillion. In the first quarter alone, TCBS recorded pre-tax profit of approximately VND 1.31 trillion, fulfilling 23% of its full-year profit target.

In a related development, Mr. Ho Hung Anh, Chairman of Techcombank, recently confirmed that TCBS is preparing for an initial public offering (IPO) by the end of 2025. The company is reportedly in talks with one to two major institutional investors. However, the IPO timeline remains dependent on broader financial market conditions and Vietnam’s progress in upgrading its stock market classification.

Thai Conglomerate SCG Completes Full Acquisition of Leading Vietnamese Plastics Brand

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Thailand’s SCG Packaging Public Company Limited (SCGP), a subsidiary of the industrial giant SCG Group, has officially acquired 100% ownership of Duy Tân Plastics Manufacturing Corporation, one of Vietnam’s top rigid plastic packaging manufacturers.

The final 30% stake was purchased through SCGP Rigid Packaging Solutions Pte. Ltd. (SCGPRPS), a wholly owned subsidiary of SCGP, according to an official filing with the Stock Exchange of Thailand (SET) on June 9. The value of the latest transaction is VND 2,825 billion, bringing the total valuation of Duy Tân Plastics to over VND 9,400 billion.

Related: M&A consulting services in Vietnam

Previously, in February 2021, SCGP acquired a 70% stake in Duy Tân for VND 6,400 billion. With this most recent deal, SCGP now fully owns Duy Tân, marking a significant milestone in its long-term expansion strategy in Vietnam.

Strategic Investment in High-Quality, High-Margin Products

Duy Tân is recognized as a market leader in rigid plastic packaging, known for its premium-quality branded products and high-profit margins. SCGP emphasized that full ownership will enable the company to further integrate its packaging solutions, improve operational efficiency, and better serve the growing Vietnamese market.

Despite the high-profile nature of the deal, SCGP noted that the acquisition accounts for only 1.98% of its total consolidated assets as of March 31, 2025.

In 2024, Duy Tân Plastics recorded Revenue: VND 5,381 billion. Net Profit After Tax: VND 578 billion. Total Assets: VND 4,627 billion

Founder Trần Duy Hy has retained ownership of the recycled plastics segment, including two subsidiaries – Duy Tân Recycling Plastics and Plascene, along with 18 other affiliated companies.

SCG’s Growing Footprint in Vietnam

SCG has been operating in Vietnam since 1992, and has actively pursued an M&A-driven strategy to expand its local presence. Today, SCG operates 27 subsidiaries in Vietnam, employing over 16,000 staff and offering a diverse range of premium products and services.

Its notable investments include 55% stake in Binh Minh Plastics via The Nawaplastic Industries (Saraburi) Co., Ltd. Acquisition of 80% of Tin Thanh Plastic Packaging JSC (Batico) in 2015. 94.11% of Bien Hoa Packaging (Sovi) through SCG Solutions Pte. Ltd. in 2020. 70% of Starprint Vietnam in late 2023 for VND 676.8 billion (approx. USD 27.8 million). 100% of StarCement (VCM) – owner of Song Gianh Cement Plant – for USD 156 million in 2017

Vietnam – SCG’s Second Largest Market

In SCG’s Q1 2025 financial report, the group announced global revenue of THB 124.4 billion, a 0.1% year-over-year increase but down 5% from Q4 2024. Thailand remains SCG’s largest market, contributing THB 70.1 billion (56%), followed by Vietnam at 8%, equivalent to approximately THB 9.95 billion (over VND 6,800 billion). Other key markets include Indonesia (7%), China (4%), and Cambodia (2%).

SCG’s aggressive investment strategy highlights Vietnam’s growing significance as a core market in its regional expansion plans.

Mekolor: “We Are Not Bluffing” About $100 Billion Investment Proposal

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“We’re ready to prove we have $100 billion in hand. The funds will be disbursed continuously to ensure the project’s implementation,” said Mr. Vo Xuan Truong, Chairman of Mekolor Joint Stock Company, during a press briefing with Vietnamese media on June 9.

“Some may accuse me of bluffing or claiming phantom capital, but I speak as a representative of an alliance involving a U.S. entity and am bound by international law. This is not the kind of statement one makes lightly. Bluffing at a national level could easily land someone in legal trouble,” Mr. Truong added.

Mr. Truong’s Mekolor alliance, in cooperation with U.S.-based company Great USA, recently submitted an official proposal to Prime Minister Pham Minh Chinh, seeking to invest in the North-South High-Speed Railway Project.

According to the proposal, the investment would be made directly using the alliance’s own capital—specifically, $100 billion in cash.

The statement came amid reports from Vietnamese media showing Mekolor’s registered headquarters on Ly Tu Trong Street in Ninh Kieu District, Can Tho City, appearing shuttered and locked. Photos depicted what looked like a typical residential property. “Several locals living nearby said they had never heard of Mekolor Joint Stock Company,” local outlets noted.

Further scrutiny revealed that Mekolor has a registered charter capital of just VND 1 billion (approximately $39,000).

Despite skepticism, the Mekolor–Great USA alliance claims it can complete the high-speed rail project within five years of receiving the green light from the government. It also proposes a 49-year investment recovery period.

The alliance promises transparent fare pricing regulated jointly with the state, independently audited financials, and even offers free tickets for all passengers during the first six months of operation.

Mekolor is registered in Vietnam as a joint stock company specializing in trade promotion and business matchmaking.

Little information has been released about Great USA. A website of the same name describes it as a U.S. firm involved in commercial evaluation and business consulting.

Previously, Vietnamese conglomerates Vingroup’s VinSpeed (founded by billionaire Pham Nhat Vuong) and Thaco (Truong Hai Auto Corporation) also submitted proposals to invest in the same railway project.

VinSpeed committed to delivering the project within five years, contingent on partial state funding, interest rate support, and land use rights along the rail corridor. Thaco proposed a seven-year completion timeline, seeking government guarantees for loans and interest subsidies over a 30-year term.

Vietjet offers 0 VND tickets for international travelers to celebrate increased flights between Ho Chi Minh City and Hong Kong

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In an exciting move to boost travel and tourism between Vietnam and Hong Kong, Vietjet has announced a major promotion featuring thousands of 0 VND airline tickets (excluding taxes and fees) for international travelers — including readers of Vietnam Insider.

Starting June 26, 2025, Vietjet will officially double its round-trip flights between Ho Chi Minh City and Hong Kong, increasing frequency to 14 flights per week. To mark this expansion, the airline is launching a “Golden Week” promotion, offering zero-fare tickets across all routes connecting Vietnam and Hong Kong.

How to Claim the Free Tickets:

Booking window: From 12:00 PM (GMT+7) on June 9 to 11:00 PM on June 15, 2025
Travel period: From August 11, 2025 to March 28, 2026
Where to book: http://www.vietjetair.com or Vietjet Air mobile app

Note: Taxes and fees apply. Terms and conditions follow Vietjet’s promotional policy.

As part of this initiative, Vietjet will also participate in the ITE Hong Kong 2025 – International Travel Expo, held from June 12 to 15, 2025 at booth M119. Attendees can meet Vietjet representatives, explore Vietnam’s top destinations, and receive exclusive promotional codes for up to 100% off airfare (excluding taxes and fees), along with attractive giveaways.

This offer is an excellent opportunity for international travelers to experience Vietjet’s expanding network and explore Vietnam’s vibrant culture, beautiful landscapes, and dynamic cities.

Don’t miss out on this chance to fly for free and discover Asia with Vietjet!

How Gen Y tourists can explore Vietnam’s coastal city of Da Nang

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If you’re a Gen Y traveler (born between 1981 and 1996) looking for your next perfect getaway, Vietnam’s Da Nang should be high on your list. With the ideal blend of sea, mountains, rich history, and vibrant culture, this coastal city offers everything Millennials love: relaxation, Instagrammable spots, local flavor, and immersive experiences. Lifestyle Asia recently highlighted Da Nang as a dream destination for Gen Y—and here’s how you can explore it like a savvy traveler.

Stay by the Sea: Beachfront Hotels and Ocean Breezes

For the ultimate Da Nang experience, book a hotel just steps from the sand—like the Hilton Garden Inn Da Nang, located only 50 meters from My Khe Beach. This location gives you the best of both worlds: a modern city vibe and charming local flair, from basket boats bobbing on the sea to vendors selling fresh bánh mì along the streets.

Choose a room with a sea view to enjoy the gentle breeze and watch locals go about their beachside routines. Don’t miss sunset hour—viewed from the hotel’s infinity pool, it’s the kind of magic that makes a trip unforgettable.

Savor the Local Flavors: Da Nang’s Culinary Delights

Vietnamese cuisine is a major draw, and Da Nang does not disappoint. Resorts and hotels offer delicious Vietnamese dishes, but don’t stop there—step outside and explore the nearby eateries lining the streets. From savory mì Quảng to spicy bún chả cá, Gen Y foodies will love the balance of fresh herbs, rich flavors, and healthy ingredients.

Prefer international bites? No problem. Da Nang’s dining scene also serves up solid European and Asian options. And when in doubt, just hail a ride on Grab and let your taste buds lead the way.

There is good food and everything you need in Danang @ Bryan William Myers

Café Culture: Where Conversations Brew

Da Nang’s café culture is chill and authentic. You’ll find street cafés dotted with tiny tables and stools, where locals sip slowly and chat for hours. Order a coconut milk coffee (cà phê sữa dừa) for something uniquely Vietnamese—and undeniably addictive.

Just be cautious: this stuff is strong. Skip your evening dose if you’re planning on sleeping before sunrise!

Must-Visit Side Trips: Hội An & Bà Nà Hills

No trip to Da Nang is complete without visiting Hội An, the charming ancient town just 45 minutes away. Arrive in the early afternoon to explore museums, shop for handmade souvenirs, or cycle through artisan villages. As night falls, board a lantern-lit boat on the river—it’s like stepping into a real-life Disney movie.

Then, cool off at Bà Nà Hills, a mountaintop resort famous for its Golden Bridge held by giant stone hands. With its refreshing air and European-style architecture, it’s a visual feast—and a goldmine for your Instagram grid.

Walk the Shore, Swim the Sea: Simple Pleasures

Don’t underestimate the joy of a morning walk under the palm-lined promenade or an afternoon swim in the clear blue waters. My Khe Beach is clean, quiet, and stretches for miles—offering a Miami-like vibe, but with fewer crowds and a distinctly Vietnamese rhythm of life.

Final Tip: Da Nang is more than just a stopover—it’s a mood. It’s the breeze from the East Sea, the burst of flavor in a roadside dish, and the twinkle of lanterns drifting down a river. For Gen Y tourists seeking both soul and scenery, Da Nang delivers an unforgettable coastal escape.

Pack your bags, bring your camera, and come ready to chill, explore, and indulge—Gen Y style.

Vietnam Stock Market Recovers After Four-Day Decline, Foreign Investors Return

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Vietnam’s stock market ended its four-session losing streak today as the VN-Index rebounded nearly 6 points, closing at 1,316. Strong bottom-fishing sentiment and a surge in foreign inflows helped lift the market, with total liquidity on the Ho Chi Minh Stock Exchange (HoSE) exceeding VND 18.4 trillion.

The VN-Index stayed in positive territory throughout the session, at one point rising over 13 points before slightly retreating toward the close. Large-cap stocks led the rally, with the VN30 basket contributing more than VND 8.2 trillion to the total market turnover.

Foreign investors were a key driver of the rebound, making net purchases worth over VND 340 billion (approximately USD 13.3 million). They bought nearly VND 2,500 billion worth of shares and sold around VND 2,160 billion, ending their four-session selling streak. VIX was the most heavily accumulated stock by foreign funds, with a net volume of 7.6 million shares.

Sector Highlights:

Vingroup-affiliated stocks led the positive momentum: VHM jumped 2.7% to VND 72,600; VRE surged 3.7% to VND 26,500; VIC edged up 0.3%

Fertilizer stocks saw broad-based gains: DGC rose 3.6% to VND 91,300; DPM, DCM, BFC also posted gains between 1–3%

Banking sector was mixed: Positive movers included STB, TCB, OCB, MSB (each up over 1%); Others like EIB, CTG, SSB, MBB, BID ended below reference prices

Real estate stocks showed divergence: Gains for SCR, QCG, DXG, NLG; Declines of over 1.5% for small caps HQC, HPX, AGG, KHG

Oil & gas sector came under strong selling pressure: Key stocks GAS, PLX, BSR dropped 0.4%–1%; Only PVT held steady in green

Liquidity Update: No stocks recorded a liquidity breakout.; HPG topped the trading value chart at VND 780 billion; Followed by SHB, VHM, MWG, and STB (each with VND 650–700 billion in trading value)

The rebound, driven largely by foreign investors and bargain hunters, suggests cautious optimism is returning to Vietnam’s stock market after a period of correction. However, sector divergence and continued volatility in oil & gas reflect ongoing market uncertainty.

How Vietnam Emerges as a Prime Destination for Global Ultra-Wealthy Investors

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Vietnam Insider – As global markets continue to face economic and geopolitical turbulence, high-net-worth individuals (HNWIs) are becoming more selective in where they choose to invest and reside. Vietnam, with its strategic location, economic momentum, and improving quality of life, is increasingly seen as a rising star among emerging destinations for global wealth.

A Global Reallocation of Wealth

Traditional wealth magnets like New York, London, Paris, and Tokyo still attract elite investors, but newer investment hubs — including Dubai, Abu Dhabi, Singapore, Milan, and Sardinia — are gaining ground. These locations offer flexible golden visa programs and thriving, high-quality living environments.

The UAE, for example, grants 10-year residencies to foreign investors contributing at least $550,000. This initiative has driven luxury real estate prices in Dubai up 6.8% in 2024, with premium office space jumping 7% in the last quarter alone. Similarly, Italy’s flat-tax regime (€200,000 annually on global income) has sparked surging demand for luxury properties in Milan and Sardinia, where international buyers now account for 80% of the market.

At a corporate level, multinational firms are shifting operations in response to a growing need for skilled labor and reliable energy — especially in high-tech sectors like AI, chip production, and data infrastructure. As businesses re-evaluate supply chains and human capital ecosystems, investment destinations that offer integrated, stable environments are emerging as frontrunners.

“Location decisions today are driven not only by incentives or tax regimes, but increasingly by livability and lifestyle,” noted Paul Tostevin, Head of Global Research at Savills.

Vietnam: An Emerging Magnet for Global Wealth

According to Vietnam’s Ministry of Finance, foreign direct investment (FDI) into the country reached nearly $18.4 billion in the first five months of 2025, a 51.2% increase year-over-year. This robust growth underlines growing international confidence in Vietnam as both an investment hub and a lifestyle destination. Manufacturing remains the backbone, attracting $10.4 billion (56.6% of total FDI). Real estate surged with $4.99 billion, more than double last year’s figure. Science and technology drew $1.02 billion, while retail and wholesale sectors secured $596.8 million.

Sophie Dao, Senior Partner at GBS – a leading legal and business advisory firm for foreign investors in Vietnam – praised the country’s trajectory:

“Vietnam is now firmly on the radar of global investors. The growth in FDI, particularly in real estate and high-tech sectors, is a clear indication that Vietnam is no longer just an emerging market — it’s a serious contender for long-term investment and residence.” She added: “From a legal perspective, we’ve seen significant efforts by the Vietnamese government to simplify procedures, improve transparency, and create a more business-friendly environment. This makes Vietnam increasingly attractive not only to corporations but also to the global elite seeking stable, strategic, and lifestyle-enhancing destinations.”

A Call for Policy Innovation

To compete more effectively with regional peers, experts suggest Vietnam should accelerate the rollout of tailored investor visa and residency programs. These initiatives would enhance its appeal to global HNWIs seeking not just returns, but also safety, prestige, and quality of life.

Equally important is the creation of international-standard living ecosystems—world-class healthcare, education, wellness, and personalized services. According to Matthew Powell, Director of Savills Hanoi:

“When affluent individuals experience world-class service and quality, they often return — and they bring others with them.” Sophie Dao echoed this sentiment: “A sophisticated lifestyle offering is not a luxury—it’s a necessity for attracting the world’s best. Vietnam has the potential to become a hub for both global business and refined living, but this requires proactive policymaking and ecosystem-building.”

Seizing the Window of Opportunity

As the global redistribution of wealth accelerates, Vietnam finds itself in a favorable position. With natural beauty, a fast-growing economy, and improving legal and infrastructure frameworks, the country is poised to become not only a place to invest, but also to live, build, and thrive.

“The world is watching,” said Sophie Dao. “Vietnam’s time is now.”

For more insights on Vietnam’s investment landscape and legal advisory services for foreign investors, follow Vietnam Insider and GBS.

Vietnam Deports 15 Chinese Nationals for Illegal Entry Amid Rising Concerns Over Border Security

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Vietnam Insider – Authorities in Vietnam have deported 15 Chinese nationals who were found to have entered the country illegally, underscoring ongoing challenges related to unauthorized cross-border movements.

According to Ninh Thuan police, the group was intercepted while traveling along National Highway 1A in Thuan Bac District. Upon inspection, all 15 individuals confessed to having illegally crossed into Vietnamese territory without proper documentation or entry clearance.

Following standard legal procedures, the provincial police issued administrative penalty decisions against the individuals. Eleven of them, along with two minors under the age of 16, were deported and handed over to Chinese authorities via the Huu Nghi International Border Gate in Lang Son Province, located in northern Vietnam. The remaining two were deported through Cam Ranh International Airport in Khanh Hoa Province in the south-central region.

Vietnam has faced increasing instances of illegal entry in recent years, particularly along its northern border, where cross-border movement remains complex due to both geographical and economic factors. Many foreign nationals, especially from neighboring countries, attempt to enter Vietnam in search of employment opportunities or as a transit point to third countries.

Authorities have acknowledged the multifaceted nature of the issue, which often involves organized smuggling networks, fake travel documents, and cooperation between human traffickers. Illegal entries not only pose legal and security concerns but also raise public health risks—an issue that was especially heightened during the COVID-19 pandemic.

Vietnamese law stipulates strict measures against unauthorized border crossings, including administrative fines, deportation, and, in some cases, criminal charges against organizers or repeat offenders. Border control agencies continue to strengthen surveillance, particularly in border provinces such as Lang Son, Quang Ninh, and Lao Cai, to deter future violations.

The incident highlights the ongoing efforts by Vietnamese authorities to uphold national sovereignty and maintain legal migration channels while addressing the root causes of irregular migration in coordination with neighboring countries.

What Vietnamese Tourism Must Do to Keep Foreign Visitors Coming Back?

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Vietnam has all the ingredients of a world-class travel destination: breathtaking landscapes, a rich cultural heritage, warm-hearted people, and a cuisine celebrated worldwide. Yet, despite growing international arrivals, the country still struggles with one key question: How do we make them return?

The answer lies not in how many hotel rooms are built or how many tourists are counted at the gate, but in how deeply those visitors connect with the soul of Vietnam.

Move Beyond the Numbers

Vietnamese tourism, particularly in hotspots like Quang Ninh and Ha Long Bay, has long focused on growth metrics—visitor counts, boat trips, or cruise packages sold. But these figures reveal little about the true success of a destination. The real indicators of a thriving tourism industry are the length of stay, visitor spending, and most importantly, the desire to return.

Chasing volume without value has led to the rise of mass-market experiences—floating cruise cities, loud entertainment shows, and overcrowded attractions. These not only harm the environment but also dilute the authenticity that travelers seek.

Know Your Guests: What Western Tourists Really Want

Visitors from Europe and America aren’t coming to Vietnam for neon-lit beach parties or seafood buffets. They are in search of slowness, depth, and genuine cultural connection. They long to walk through ancient fishing villages, not sanitized tourist replicas. They want to paddle quietly through sea caves, greet local fishermen at dawn, sketch the horizon in peaceful coves, and hear real life stories—not scripted presentations.

This kind of tourism isn’t flashy. It’s human. And it’s unforgettable.

Shift the Mindset: Tourists Are Travelers, Not Numbers

Vietnam needs a more thoughtful, human-centered approach to tourism development. That means moving away from one-size-fits-all tour packages and towards personalized, emotionally engaging experiences. Visitors should be treated as travelers—individuals on a journey to understand, feel, and connect—not as headcount in a marketing report.

Reclaim the Story of Each Place

Take Ha Long Bay, for example. It’s not just about karst cliffs and calm waters. It is also the historical site of the ancient Van Don trading port, home to unique geological formations and coastal communities rich in tradition. Yet, these stories are often lost amid commercial overdevelopment and uniform tour designs.

Each Vietnamese locality must be empowered to tell its own story—through architecture, cuisine, craft, and daily life. Copy-paste tourism models strip places of their identity. Instead, destinations should showcase what makes them uniquely Vietnamese.

Build an Ecosystem, Not Just a Service

Tourism is more than organizing tours—it is an economic industry with vast export potential. But to fulfill this promise, Vietnam needs more than enthusiastic operators. It needs:

Destination managers with long-term, sustainable vision
A national strategy linking branding to real visitor experiences
Professional tourism personnel trained in storytelling, service, and sustainability

More critically, businesses must not walk this path alone. They need:

Government support in infrastructure, digitalization, and public-private coordination
Streamlined visa and immigration processes
Transparent tax refund systems and modern duty-free zones

Offer Meaningful, Intelligent Products

To keep visitors coming back, Vietnam must develop differentiated tourism products that blend nature, culture, and people into immersive journeys. Activities like dawn yoga on a hidden beach, cooking with village grandmothers, stargazing from mountain lodges, or joining a fishing trip in a local coracle may seem simple—but they are the experiences that touch hearts and build loyalty.

A Call for Strategic Identity

Tourism is not just about drawing in new visitors; it’s about earning their return. For that, Vietnam must stop being everything to everyone and instead become something deeply meaningful to those who visit.

Only then can Vietnamese tourism achieve not only high rankings, but a lasting place in the hearts—and future itineraries—of travelers from around the world.

Vietnam Aims to Speed Up Work Permit Process Amid Surge in Foreign Workers Without Permits

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The Vietnamese government is drafting a new decree that could significantly reduce work permit processing times for foreign professionals—from the current 36 days down to just 10. This move comes as the country faces a growing number of foreigners working without valid permits.

According to official data, Vietnam had nearly 162,000 foreign workers by the end of 2024, but more than 12,000 were working without a work permit. This issue has raised concerns among both employers and regulators, especially as Vietnam looks to attract more global talent for its fast-developing sectors like semiconductors, AI, and digital transformation.

Under the proposed changes, foreign experts working in key areas—such as technology, finance, science, and innovation—may be eligible for a work permit with only a university degree, even without prior work experience. This could make it easier for younger professionals and those from non-traditional backgrounds to work legally in Vietnam.

Permits could also be granted based on validations from the Ministry of Education and Training or the Ministry of Science and Technology, and in exceptional cases, the government may bypass regular procedures entirely with special approval.

Employers Back the Reform—but Seek Clarity

The initiative has been well-received by foreign companies operating in Vietnam. Manpower Vietnam, a leading HR firm, said the reform could help reduce project delays caused by administrative bottlenecks.

However, the company emphasized the need for clearer guidelines. For example, it remains unclear whether applicants must have degrees specifically related to their job titles or how to handle qualifications from internationally renowned institutions that don’t use the term “university”—such as King’s College London.

There’s also a call for more flexibility in recognizing work experience, especially in innovation and digital management roles where many professionals have unconventional career paths.

Urgent Need for Skilled Expats

Companies like LITEON Vietnam highlight that domestic talent in high-tech fields is still developing. “Vietnam needs foreign professionals to support training, knowledge transfer, and global integration,” said HR Manager Henry Chien. “Simplifying visa and work permit procedures is critical.”

Foreign workers in Vietnam mainly come from China (31%), South Korea (18%), and Japan (9.5%), according to the Ministry of Home Affairs.

As Vietnam moves to tighten labor compliance while maintaining an open stance for skilled expats, the proposed reforms could offer much-needed relief for both foreign professionals and their employers.

Why Thailand Ramps Up Promotions to Attract Vietnamese Tourists?

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Thailand is stepping up efforts to woo Vietnamese travelers through targeted campaigns and exclusive promotions, as the country seeks to strengthen its position as a favorite destination for outbound Vietnamese tourists.

In 2024, nearly one million Vietnamese visitors (984,200) traveled to Thailand, making Vietnam the 11th-largest international source market. The figure accounts for 2.77% of all international arrivals, highlighting Vietnam’s growing significance in Thailand’s tourism landscape.

At the Thailand Travel Mart Plus 2025—the country’s premier B2B travel trade event held in Chiang Mai from June 4 to 6—Tourism Authority of Thailand (TAT) Deputy Governor Siripakorn Cheawsamoot outlined new strategies to appeal to Vietnamese travelers. These include close partnerships with travel agencies, online platforms, airlines, and service providers to deliver personalized experiences for different market segments.

The key focus is on quality and sustainable tourism, targeting high-potential Vietnamese visitor groups such as leisure tourists, families, health and wellness seekers, eco-conscious travelers, and sports fans.

To enhance travel experiences and increase bookings, TAT has rolled out special incentives tailored for the Vietnamese market. These include discounts, shopping vouchers, souvenirs, and access to unique cultural and nature-based activities.

“With outbound travel on the rise in Vietnam, we aim to make every visit to Thailand feel like a new journey,” a TAT spokesperson shared. “Our goal is for Vietnamese tourists to see Thailand as a second home, offering fresh and meaningful experiences each time.”

Among the highlighted attractions for Vietnamese tourists are Thailand’s iconic festivals and seasonal destinations:

Songkran Festival (Thai New Year) – Celebrated throughout April with nationwide water festivities
Yi Peng Lantern Festival in Chiang Mai – A magical light display held in November
Loy Krathong in Sukhothai and Ayutthaya – Featuring floating lanterns and cultural performances
Wildflower seasons – Cherry blossoms and sunflowers in Chiang Mai, Phetchabun, Loei, and Mae Hong Son
Major international events – Including the MotoGP, Wonderfruit, EDC Festival, and Big Mountain Music Festival

Vietnamese sports fans will also have the opportunity to support their athletes at the 33rd Southeast Asian Games, taking place from December 9 to 20 in Bangkok, Chonburi, and Songkhla.

In addition, December will feature two signature events: the Amazing Thailand Marathon Bangkok and the Vijit Chao Phraya 2025 light and art festival, offering yet more reasons to visit.

Held under the theme “Amazing Thailand: Your Stories Never End,” the Thailand Travel Mart Plus 2025 attracted more than 450 Thai tourism businesses and over 12,000 pre-scheduled B2B meetings. The event reinforces Thailand’s commitment to offering not just travel, but stories that resonate long after the trip ends.

Vietnam Proposes Scholarships for Geriatrics as Population Rapidly Ages

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Vietnam Insider — As Vietnam faces one of the fastest demographic transitions in Asia, a new Population Bill proposes a range of policies to strengthen elderly healthcare, including offering scholarships and tuition support for those studying geriatrics.

The draft legislation, now open for public feedback until June 12, responds to the country’s shifting demographics. Vietnam currently has around 14.2 million citizens aged 60 and above—a figure projected to reach 18 million by 2030. By 2038, the country is expected to officially enter its aging population phase.

This demographic shift presents complex challenges, particularly in healthcare. Although Vietnam boasts a relatively high life expectancy of 74.7 years, the Ministry of Health reports that elderly citizens spend an average of 14 years in poor health, often battling chronic, non-communicable diseases such as hypertension, diabetes, cardiovascular conditions, and dementia.

These conditions require ongoing treatment and place increasing pressure on the public health insurance system and state finances.

Despite a national network of over 1,300 public hospitals—more than 100 of which have dedicated geriatric departments—Vietnam has fewer than 1,800 healthcare professionals trained in geriatrics. Le Thanh Dung, Director of the Ministry of Health’s Population Department, warned that this shortfall in specialized personnel and long-term care services poses a serious challenge.

To address this, the proposed bill outlines several initiatives, including:

Scholarships and tuition subsidies for students pursuing geriatrics;
Specialized training programs in elderly care;
Community-based training initiatives for healthcare workers; and
Incentives for organizations and individuals to provide grants and scholarships.

In addition, the government plans to fully subsidize health insurance for the estimated 5% of elderly people currently without coverage.

Vietnam is not alone in confronting the implications of an aging society. Japan has implemented policies such as raising the retirement age to 65 and encouraging senior employment. The country also promotes childbirth and invests in technology-driven eldercare. Meanwhile, South Korea supports those aged 65 and above with subsidized public transport, routine health screenings, and at-home care services.

Vietnam has taken initial steps, such as gradually increasing the retirement age (to 62 for men and 60 for women starting in 2021) and offering free public transportation for seniors aged 60 and older.

However, Dung emphasizes that these are only interim solutions. He advocates for a comprehensive legal framework to institutionalize social welfare policies for the elderly, cautioning that the narrow window between population growth and aging—combined with constrained financial resources—demands urgent and systemic reforms.

“To mitigate the economic impact of an aging population and avoid labor shortages, we must implement concrete policies that ensure employment opportunities and financial security for our senior citizens,” he stated.

12 Simple Truths to Live Better From Age 18 to 55

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In today’s fast-paced world, we often chase success, recognition, or security without pausing to reflect on the choices that shape our lives.

Whether you’re just starting out in adulthood or navigating midlife challenges, these 12 timeless insights serve as a compass for living smarter, healthier, and more peacefully.

Health is your real wealth: No matter your goals, good health is the foundation. Protect it early with sleep, movement, and nutrition. Your future self will thank you.
Time moves fast—don’t waste it proving things to others: Live for purpose, not validation. Approval fades, but fulfillment lasts.
Skills pay more than degrees: Education is important, but continuous skill-building pays dividends. Stay curious, adaptable, and hungry to learn.
Friends come and go—family is forever: Nurture the relationships that matter. True connections, especially with loved ones, are rare and irreplaceable.
Save money when you don’t need it: The best time to build a financial cushion is when you’re stable. Emergency savings and smart investing can buy freedom later.
Choose peace over drama: Your energy is limited—don’t waste it on negativity. Let go of what doesn’t serve you.
Habits matter more than motivation: Motivation fades, but daily habits create lasting change. Focus on consistency over intensity.
The world owes you nothing—work for what you want: Success isn’t handed out. It’s built with effort, resilience, and patience.
Learn to say no—it’s a superpower: Boundaries protect your time and mental health. Saying no to what doesn’t align gives space for what does.
Mental health is just as important as physical health: Take care of your mind. Seek help when needed, rest when exhausted, and protect your peace.
Nobody is thinking about you as much as you think: Let go of overthinking and self-doubt. Most people are too busy with their own lives.
Never stop growing—age doesn’t mean stop evolving: Whether you’re 25 or 55, life is about growth. Stay open to new experiences, ideas, and self-discovery.

Vietjet’s Founding Shareholder Proposes Investment in Ho Chi Minh City’s Metro Line 4

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Sovico Group, the founding shareholder of Vietjet Air, has submitted a proposal to the Ho Chi Minh City People’s Committee to invest in the city’s fourth metro line, signaling growing private-sector interest in Vietnam’s urban transit infrastructure.

The proposed Line 4 would span from Dong Thanh in Hoc Mon District to Hiep Phuoc Industrial Park in Nha Be District, playing a vital role in improving connectivity across southern districts and supporting the city’s industrial development zones.

Sovico Group, a diversified conglomerate with assets exceeding VND187 trillion (US$7.18 billion) and a workforce of more than 40,000 employees, plans to leverage its financial strength to support both research and development for the project. The group has a strong presence in sectors including finance, aviation (through Vietjet Air), real estate, and technology, and is also a major shareholder in Vietnam’s private lender HDBank.

This marks the second major private-sector interest in Ho Chi Minh City’s metro development this year. Earlier, Vingroup—Vietnam’s largest private enterprise—proposed funding another line stretching 48.5 km from District 7 to the coastal district of Can Gio.

Ho Chi Minh City’s metro ambitions are taking shape after years of slow progress. Its first metro line, connecting the central Ben Thanh Market to Suoi Tien Theme Park in Thu Duc City, finally opened in December 2024 after more than a decade under construction.

Vietnam’s commercial hub aims to complete 10 metro routes spanning over 510 km by 2045, forming the backbone of a modern, green, and efficient public transportation network to serve its rapidly growing population and urban economy.

The U.S. spends over $1 Billion to become Vietnam’s largest importer in this category. Here’s what we know so far

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Vietnam Insider – Vietnam’s auto parts and transport equipment sector is rapidly becoming a global export force, with the United States, Japan, and South Korea emerging as top buyers.

According to preliminary data from Vietnam’s General Department of Customs, exports of transport vehicles and components reached over USD 1.4 billion in May 2025, marking a 5% increase month-over-month. Cumulatively, the first five months of 2025 brought in USD 6.7 billion, up 8.6% compared to the same period last year.

The United States is currently Vietnam’s largest importer in this category, with import value exceeding USD 1.37 billion, reflecting an 8.4% increase year-on-year. Japan follows closely with over USD 1.32 billion in imports, a 14.1% rise, while South Korea ranks third at nearly USD 700 million, up 2% compared to the same period in 2024.

Vietnam has emerged as the third-largest exporter of automotive wiring harnesses globally, trailing only China and India, according to experts from the United Nations Industrial Development Organization (UNIDO). This success is attributed to the global shift in manufacturing away from China to more agile Southeast Asian markets like Vietnam, where companies are increasingly integrating into the global automotive supply chain.

In recent years, Vietnam’s auto parts export sector has consistently achieved double-digit growth, fueled by its capacity to meet large-scale production demands. Vietnamese enterprises are gaining ground in specialized components, especially automotive electrical wiring, which is now being exported to major automotive hubs including Japan, the U.S., the EU, and Thailand.

Despite these gains, new challenges are emerging. As of May 3, 2025, the U.S. Trade Representative (USTR) has implemented a 25% import tariff on 332 categories of auto parts, encompassing mechanical, electronic, transmission, and control system components. This follows the Trump administration’s re-imposition of tariffs on finished vehicles in April, part of broader efforts to protect domestic manufacturing and reduce trade deficits.

Economists suggest that for Vietnam to sustain momentum, the country must invest more aggressively in production technology, digital transformation, and quality control. Expanding FDI partnerships and accelerating the development of specialized industrial zones with modern logistics infrastructure will be key to attracting high-profile investors from countries like Japan, Germany, the U.S., and South Korea.

Looking ahead, 2025 is poised to be a breakthrough year for Vietnam’s auto parts exports. According to the Ministry of Industry and Trade, the country is strategically positioning itself for the next generation of vehicles—including electric vehicles (EVs), hybrids, and green energy-powered cars. By 2030, Vietnam aims to achieve USD 14 billion in exports of vehicles and parts, with a long-term target of USD 36 billion by 2045.

As Vietnam continues to rise as a strategic link in the global automotive supply chain, its “emerging goldmine” of high-value auto parts is gaining the attention of the world’s top economies.