Vietnam’s First MINISO FRIENDS Store Opens in Ho Chi Minh City, Bringing a World of Popular IPs

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On April 25, as it marks its 10th anniversary in the Vietnam market, MINISO opened Vietnam’s first MINISO FRIENDS store at Van Hanh Mall in Ho Chi Minh City. The newly renovated store features an immersive, IPdriven environment, introducing an upgraded retail experience centered on popular IPs. As MINISO’s most advanced store format in Vietnam, MINISO FRIENDS reflects the brand’s continuous evolution in store concepts and consumer experiences.

Located on the 3rd floor of Van Hanh Mall, the newly renovated MINISO FRIENDS store is designed around strong character visuals and IPled merchandising. The space is organized into dedicated IP zones spanning collectibles, blind boxes, and plush toys, as well as beauty products and everyday accessories. Characterled installations featuring Stitch, Winnie the Pooh, and Gift Bear—alongside dedicated YOYO displays—bring IP storytelling into the physical space, creating a highly photofriendly and immersive retail environment that encourages exploration and engagement.

As a newly introduced format, MINISO FRIENDS is built around IPled retail experiences, featuring a higher concentration of IP products and immersive instore scenarios that encourage offline exploration. At Van Hanh Mall, the store brings together a wide range of globally popular IPs, with IP products accounting for approximately 70% of the overall assortment, while also serving as a key launch destination for new and trending IP toy offerings in Vietnam.

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Highlights include fanfavorite collaborations such as Sanrio, Chiikawa, and the proprietary IP YOYO, with firstrelease products including the YOYO Fly with the Wind Series, Sanrio SEAexclusive Hello Kitty Leopard collection, and Chiikawa Sakura Season Collection. In addition, globally recognized IPs making their Vietnam debut—such as Star Wars and Luo Xiaohei—further expand the store’s diversified IP lineup, bringing both established and newly launched IP experiences together in one space.

A highlight of the store opening was the appearance of influential popular singer Quân A.P, alongside a series of fanfocused activities. Throughout the day, Gift Bear mascot performances created interactive moments with strong audience participation. Visitors were also invited to take 、part in the “Exchange YOUR Blind Box” event, centered on the limited Sanrio Forest Animal Series vinyl plush blind boxes. The activity showcased MINISO’s diverse IP-driven interactive experiences and sparked strong enthusiasm among hundreds of fans.

As MINISO marks its 10th anniversary in the Vietnam market, the launch of MINISO FRIENDS reflects the brand’s continued development and evolution at the local level. Since opening its first store in Vietnam in 2016, MINISO has steadily expanded its presence across the country, with stores located in key commercial districts and landmarks such as the Landmark 81 area, Vincom Times City, Hoan Kiem Lake, and Nha Trang Center, reaching more than 30 major cities including Ho Chi Minh City, Hanoi, Da Nang, Hai Phong, and Nha Trang.

Over the past decade, MINISO has continued to bring globally popular as well as proprietary IP products to consumers through IPdriven retail scenarios, creating enjoyable and accessible shopping experiences for a broad consumer base. Looking ahead, MINISO will continue developing its IPfocused retail formats while expanding its capabilities as a leading IP operation  platform, delivering immersive instore experiences and making a wider range of IP content accessible to consumers across Southeast Asia and global markets.

Masan Surges 101% Profit as Vietnam Consumption Booms

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Retail and consumer arms drive earnings spike, with $17B IPO ambitions signaling Vietnam’s next growth wave

Vietnam’s consumer economy is accelerating—and investors are starting to take notice. Masan Group has delivered a breakout first quarter in 2026, underscoring a broader shift in Southeast Asia’s consumption story that could reshape regional capital flows and IPO pipelines.

The Ho Chi Minh City–listed conglomerate reported net revenue of VND 24.0 trillion (≈$940 million), up 27% year-on-year, while gross profit climbed 28% to VND 7.9 trillion. More strikingly, post-tax profit doubled to nearly VND 2.0 trillion, marking a 101% surge compared to the same period last year. The earnings inflection was largely fueled by strong momentum in its consumer-facing businesses—an increasingly dominant pillar of Vietnam’s domestic growth narrative.

A key driver behind this performance lies in Masan’s expanding ecosystem across retail and consumer goods. Its affiliated companies contributed VND 1.34 trillion in profits, up 13%, reflecting improving operational leverage and stronger consumption demand. This aligns with a broader macro trend: Vietnam’s rising middle class is spending more on modern retail, branded goods, and convenience—areas where Masan has aggressively positioned itself.

Equally important for investors is the company’s balance sheet and cash flow transformation. As of March 31, Masan’s total assets reached VND 130.7 trillion, while operating cash flow swung sharply positive to VND 3.47 trillion, a significant turnaround from negative territory a year earlier. This shift signals not just growth, but improving financial quality—an essential factor for institutional capital assessing emerging market plays.

Looking ahead, Masan is preparing for a new phase of value unlocking through potential IPOs. Its retail arm, WinCommerce, is being positioned for a future valuation of up to $10 billion, supported by projected 30% growth and $5 billion in revenue. Meanwhile, Masan Consumer is targeting a valuation of $7.2 billion. If executed successfully, these listings could become landmark deals—not just for Vietnam, but for Southeast Asia’s consumer sector.

For global investors, Masan’s trajectory offers a compelling signal: Vietnam is no longer just a manufacturing hub—it is rapidly evolving into a consumption-driven economy with scalable, IPO-ready champions. The question now is not whether capital will flow into Vietnam’s consumer story—but whether investors are early enough to capture its next breakout cycle.

Visa Delays, Security Fears and Soaring Costs Threaten International Attendance at 2026 World Cup in US

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The 2026 FIFA World Cup may be set to become the biggest tournament in football history, but for many international fans, the United States is proving to be the hardest host country to reach.

Complicated visa procedures, strict immigration checks, security concerns, and extremely high travel costs are causing many overseas supporters to cancel plans or avoid U.S.-hosted matches altogether, raising concerns for FIFA and the American tourism industry ahead of the tournament.

The expanded World Cup, co-hosted by the United States, Canada, and Mexico, is expected to attract around 40 million visitors and break the 1994 tournament record of 3.5 million tickets sold.

However, many fans say getting into the U.S. is becoming the biggest challenge.

Steve Schwarzbach, a German supporter who has attended every World Cup since 2006, said he plans to skip the U.S. matches despite already holding US$1,600 worth of tickets for the quarterfinals and semifinals.

Speaking to CNN, he said concerns over Immigration and Customs Enforcement raids, social media screening, and the possibility of extra scrutiny due to his mixed German-Korean heritage pushed him to abandon the trip.

“I felt safer in South Africa and Brazil,” he said, noting those countries had strong visible security despite reputations for higher crime.

He is not alone.

A Dutch online petition calling for the national team to withdraw from the tournament has reportedly gathered 174,000 signatures, while a Facebook boycott group has attracted more than 25,000 members.

Former FIFA president Sepp Blatter and leaders from German club St. Pauli have also expressed support for boycotts.

Visa access remains one of the biggest barriers.

For fans from countries such as India and Colombia, U.S. visa interview wait times reportedly range from 400 to 700 days, making World Cup travel planning nearly impossible unless they already hold valid visas or passport exemptions.

New entry security measures are adding further hesitation.

Some travelers are concerned about expanded border checks involving biometric data requests and social media reviews, with privacy concerns becoming a major issue for younger international visitors.

Omar Hassan, a software developer based in Montreal, said he is reselling his tickets for matches in Boston and New York after travel complications affected plans with his cousin from Tanzania, a country facing stricter U.S. entry restrictions.

Other fans are simply choosing different host countries.

English supporter Peter Holmes said he selected matches in Mexico instead of the United States, citing security concerns after a recent federal agent shooting in Minneapolis.

Still, not everyone is backing away.

Arjun Modhwadiam, a Canadian of Tanzanian descent, has already spent US$1,300 on tickets and booked flights and hotels for matches in Kansas.

He said his Canadian passport and low-profile online presence make him confident he will enter without problems, adding that the U.S. has too much financial interest in the tournament to mishandle visitors.

“I don’t think the U.S. government would be that stupid,” he told CNN.

Meanwhile, the hotel industry is watching closely.

Hotels in Dallas, Miami, and San Francisco have reportedly started lowering rates to attract bookings, while Houston saw June bookings rise 30%, though around 85% of those were domestic travelers rather than international guests.

Travel costs are another major obstacle.

Because matches are spread across the U.S., Canada, and Mexico—with most games taking place in the U.S.—fans often face expensive domestic flights between cities thousands of kilometers apart. Traveling between host cities such as Seattle and Miami can involve distances of more than 5,000 kilometers.

Ticket prices themselves are also drawing criticism.

According to reports from AP and Al Jazeera, seats for the U.S. opening match against Paraguay on June 12 in California were listed between US$1,940 and US$4,105. Tickets for the final were priced at US$10,990, while semifinal tickets in Texas and Atlanta exceeded US$11,000 in some sections.

FIFA recently released new ticket blocks through its official platform, but slower sales for major matches suggest many fans are struggling to justify the cost.

For a tournament designed to unite global football supporters, many fear the 2026 World Cup risks becoming one of the least accessible for international fans—especially in the country hosting most of the games.

Vietnam Becomes Top Travel Choice for Australians as Searches Surge in 2026

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Vietnam is quickly becoming one of the most sought-after destinations for Australian travelers, with rising search demand, stronger flight connectivity, and growing international recognition positioning the country as a leading tourism hotspot in Asia for 2026.

According to Australian travel platform Escape, Vietnam is emerging as a serious alternative to traditional European holidays, as rising costs and geopolitical uncertainty push travelers to look for safer, more affordable destinations closer to home.

With Europe becoming increasingly expensive and instability in the Middle East affecting travel confidence, many Australians are shifting their attention toward Asia, where Vietnam stands out for its accessibility, value for money, and diverse travel experiences.

The numbers reflect that momentum.

In the first quarter of 2026, Vietnam welcomed 6.76 million international visitors, up 12.4% year on year. Australia ranked among Vietnam’s top 10 largest source markets for inbound tourism, alongside major markets such as Mainland China, South Korea, the United States, and Japan.

Travel experts say Vietnam’s appeal lies in its rare combination of natural beauty, cultural depth, vibrant street food, and competitive pricing.

From beach destinations and historic cities to luxury resorts and affordable wellness travel, the country offers experiences that appeal to both budget-conscious tourists and high-spending international visitors.

Direct flights of less than 10 hours from Australia also make Vietnam significantly more convenient than long-haul European routes.

Airlines including Vietnam Airlines, Qantas, and VietJet Air now operate direct services connecting Sydney, Melbourne, Brisbane, and Perth with major Vietnamese gateways such as Hanoi and Ho Chi Minh City.

Search data is showing even stronger signals.

According to Travel Agent Finder, Vietnam entered the top 10 most searched international destinations for Australian travelers for the first time in March 2026, highlighting its rapidly rising profile on the global tourism map.

Beach destinations are leading much of that demand.

Travel platform Expedia reported that accommodation searches for Nha Trang and Da Nang rose by 65% year on year, making them two of Asia’s fastest-trending coastal destinations. Phu Quoc followed with a 45% increase, outperforming several well-known beach markets in Indonesia and Thailand.

Sarah King of Expedia said Nha Trang is often seen as Vietnam’s “beach resort capital,” thanks to its long coastline, year-round sunshine, and relaxed atmosphere—qualities many Australian travelers traditionally seek in Mediterranean-style holidays.

Beyond beaches, affordability remains one of Vietnam’s strongest competitive advantages.

Visitors can enjoy high-quality local cuisine, accommodation, transport, and wellness services at prices that remain significantly lower than many comparable international destinations.

Singapore’s The Straits Times has also highlighted Vietnam as one of Southeast Asia’s leading tourism destinations, pointing to strong social media engagement and sustained international visitor growth.

Younger travelers in particular are being drawn by Vietnam’s street culture, food scene, and accessible lifestyle experiences.

Global hotel groups are responding to that demand.

Major brands such as Meliá Hotels International and Hilton Hotels & Resorts are expanding across Vietnam, while new large-scale resort developments are underway in destinations including Phu Quoc and Vung Tau.

The expansion reflects growing confidence that Vietnam is no longer just an emerging tourism market, but one of Asia’s most competitive long-term travel destinations.

As international travel patterns continue to shift in 2026, Vietnam is increasingly becoming the first choice—not the backup plan—for Australian tourists looking for their next overseas holiday.

Da Nang Police Verify Viral Clip of Foreigner Allegedly Attacking Driver After Road Collision

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Authorities in Da Nang are investigating a viral video showing a foreign man allegedly attacking a local driver following a traffic collision on one of the city’s busiest coastal roads.

The incident, which took place on Vo Nguyen Giap Street in front of a beachfront hotel in An Hai Ward, quickly spread across Vietnamese social media, drawing widespread criticism and raising concerns about public behavior in one of Vietnam’s top international tourism hubs.

According to An Hai Ward Police, officers received reports from local residents and the car driver involved has also formally reported the incident.

Initial information suggests the foreign man was riding a motorbike when it collided with a seven-seater car traveling in the same direction.

Following the impact, both the man and the woman riding with him reportedly fell onto the road.

Video footage circulating online shows that after getting up, both individuals appeared visibly upset and were seen kicking the side of the car.

When the driver stepped out to speak, the foreign man allegedly rushed forward, repeatedly pushing and swinging his arms at him in what witnesses described as a physical attack.

The confrontation lasted only a short time but drew immediate attention from bystanders in the crowded beachside area, where traffic and tourist activity remain heavy throughout the day.

After the clip was posted online, public reaction was swift.

Many social media users criticized the foreign man’s behavior, saying violence should never be used regardless of who caused the accident. Others pointed out that Da Nang, as one of Vietnam’s leading tourism destinations, depends heavily on maintaining an image of safety, civility, and respect in public spaces.

Some viewers also noted that the motorcyclist shown in the video did not appear to be wearing a helmet, which is required under Vietnamese traffic law.

The incident gained further attention after Luke Deakin, the well-known backpacker who walked from England to Vietnam, reposted the clip on his personal page with the caption: “Violence is never the answer.”

His comment helped push the story to a wider international audience, with many agreeing that aggressive behavior following road incidents only escalates already dangerous situations.

Police have not yet released details regarding fault in the original collision, and authorities say the case is still under investigation.

Officials are expected to review both the traffic accident and the alleged assault before determining further legal action.

As the video continues to circulate, the case has sparked a broader conversation about road rage, tourist behavior, and the importance of respecting local laws and public conduct standards in Vietnam.

Antarctic Wallet Expands to Vietnam: a New Gateway to Fast and Secure Crypto Payments

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Antarctic Wallet has officially launched in Vietnam, continuing its expansion across Southeast Asia and bringing a simple, fast, and secure way to use crypto in everyday life.

Antarctic Wallet is built for daily use, addressing the most demanded financial operations – swift currency transfers and payments. In just a few steps, the product helps users solve common problems with sending crypto and making QR code payments.

The platform already has more than 460,000 users across the CIS and Asia, having successfully processed more than 10 million transactions to date. It is designed to be fast and reliable, with QR payments that take just seconds – whether one is paying online or in person.

Antarctic Wallet operates under a VASP license, supporting its focus on compliance and transparent crypto services.

The product is built with a strong focus on speed and security, making crypto payments feel as easy as using cash or a regular banking app. Getting started is simple. Users can download the app from the App Store or Google Play, or use the Telegram bot @antarctic_wallet_bot. After signing in, they can top up their balance using USDT and TON. To make a payment, users simply scan a QR code and confirm the transaction, while the purchase is completed in the local currency.

Vietnam is a key market for Antarctic Wallet, with a fast-growing digital economy and a large number of freelancers, gamers, and cross-border users. The wallet is designed for people who need fast and flexible payments, from in-store purchases and digital products to cross-border transfers to family and friends.

Antarctic Wallet also plans to roll out Visa cards for global payments soon, giving users even more ways to spend their crypto.

With its launch in Vietnam, Antarctic Wallet continues to move toward a simple idea: making crypto payments fast, secure, and part of everyday life.

 

About Antarctic 

Antarctic Wallet is the first fully legal and VASP-licensed crypto wallet designed for simple real-life payments.

Contact Antarctic

info@antarcticwallet.com

Vietnam Earnings Surge 43%, But Market Lags

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Strong corporate profits signal upside as global uncertainty keeps investors on the sidelines

VIETNAM INSIDER – While global investors remain fixated on geopolitical tensions and macro volatility, Vietnam’s corporate sector is quietly delivering one of the strongest earnings rebounds in Southeast Asia—creating what could be a mispriced opportunity in an increasingly competitive emerging market landscape.

Early data from PYN Elite Fund shows that 238 listed Vietnamese companies have reported first-quarter 2026 results, posting an average profit growth of 43%. Although this sample represents just 17% of total market capitalization, the momentum is clear: Vietnam’s earnings cycle is accelerating, even as market sentiment struggles to catch up.

The divergence becomes more striking at the top end of the market. The fund’s five largest holdings—accounting for nearly half its portfolio—delivered an average profit growth of 54%, prompting multiple brokerages to upgrade ratings and raise target prices. Yet equity valuations have not fully repriced, suggesting a widening gap between fundamentals and market behavior.

Sector performance reinforces the narrative of a broad-based recovery. In banking, Sacombank reported quarterly pre-tax profit of around €130 million, stabilizing after a volatile 2025 and signaling that its long-running restructuring process is nearing completion. In industrials, Hoa Phat Group shocked the market with a 171% profit surge, underscoring a powerful cyclical rebound in steel demand and operational efficiency. Retail and consumption also remain resilient, with Mobile World Investment Corporation posting an 81% earnings jump, reflecting improving domestic demand.

Meanwhile, Vietnam’s structural growth engines continue to deliver steady expansion. FPT Corporation reported a 14% increase in quarterly profit, backed by a strengthening global order book in IT services. In aviation, Vietnam Airlines saw profit rise about 10%, benefiting from shifting travel demand linked to Middle East tensions—though rising fuel costs are expected to pressure margins in the near term.

Despite this earnings strength, Vietnam’s stock market remains subdued. VN-Index has only edged higher this year, while PYN Elite’s NAV has slightly declined, reflecting cautious investor positioning. Market attention has largely gravitated toward geopolitical risks—particularly the Iran conflict—and heavy trading in Vingroup-related stocks, which dominate index movements. As a result, the broader earnings recovery has yet to translate into a sustained market rally.

This disconnect highlights a familiar but critical dynamic in emerging markets: sentiment often lags fundamentals. For long-term investors, however, that lag is precisely where opportunity is created. If geopolitical pressures ease and liquidity returns, Vietnam’s current earnings trajectory could act as a powerful catalyst for re-rating—raising a key question for global capital: is this hesitation a warning sign, or the early stage of the next breakout cycle?

Foreign Tourist Returns to Pay After Bakery Owner in HCMC Lets Him “Buy Now, Pay Later”

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A small act of trust at a bakery in Ho Chi Minh City has captured widespread attention online after a foreign customer returned the next day to pay for his order—and bought even more.

The story, shared by bakery owner Pham Anh Thai, quickly gained thousands of reactions on Vietnamese social media, with many praising the gesture as a simple but powerful example of hospitality and customer service in Vietnam.

The incident happened around 8:50 p.m. on April 25, just before closing time at Thai’s bakery in Saigon Ward, Ho Chi Minh City.

A foreign customer entered the shop and selected several desserts, including tiramisu, brownies, and mango mousse cake, with a total bill of around VND200,000 (about US$8).

When it came time to pay, the customer realized he had no cash and only carried a bank card. The bakery, however, did not yet have card payment facilities.

Embarrassed, the customer appeared ready to leave without the cakes.

Instead of turning him away, Thai made an unexpected decision.

He told the customer to take the cakes home and return another day to pay.

The visitor was visibly surprised by the offer, thanked the owner, and left with the order.

The next day, staff told Thai the customer had not returned, and he briefly wondered whether the man might have been a tourist who had already left Vietnam.

But just before closing time that evening, the customer came back.

Not only did he pay the full bill from the previous day, but he also purchased more cakes, bringing the total to around VND500,000.

During their conversation, the customer learned Thai was the owner and praised the business in English, calling it an “amazing shop,” clearly impressed by the experience.

Speaking to local media, Thai said this was not the first time his bakery had allowed customers to pay later.

At a previous location on Mac Dinh Chi Street, the shop had handled similar situations for customers who forgot to bring cash.

“In every case, customers always came back to pay,” he said. “Many of them even became regular customers afterward.”

After Thai shared the story online, many users said the real value was not the money, but the trust behind the decision.

Commenters noted that flexible and thoughtful service helps businesses build stronger customer loyalty, especially in a city like Ho Chi Minh City where international visitors increasingly shape the local service economy.

One social media user wrote that this kind of kindness creates a positive image of Vietnam for foreign guests and reflects the human side of doing business.

At a time when digital payments dominate and transactions often feel purely transactional, the story stood out for something simpler: trust still works.

For one bakery in Ho Chi Minh City, a VND200,000 risk turned into a loyal customer—and a reminder that good service often starts with believing people will do the right thing.

Ho Chi Minh City, Hanoi Ranked Among World’s 5 Fastest-Growing Cities by 2035

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Vietnam is gaining stronger global attention as both Ho Chi Minh City and Hanoi have been ranked among the world’s five fastest-growing cities through 2035, according to the latest Growth Hubs Index by global property consultancy Savills.

Ho Chi Minh City secured the No. 2 position worldwide, while Hanoi ranked fifth, placing both Vietnamese megacities ahead of many established urban centers and reinforcing Vietnam’s rising role in Asia’s economic transformation.

The ranking, which assessed 245 cities globally, identifies future “growth hubs” expected to lead economic expansion over the next decade. Savills highlighted Asia as the main driver of global urban growth, supported by rapid urbanization, young populations, and major shifts in global manufacturing supply chains.

For Vietnam, the results signal more than just strong GDP growth. They reflect the country’s growing importance as an investment destination for multinational companies, manufacturers, and global capital looking for alternatives in Asia.

According to Chris Marriott, CEO of Savills Southeast Asia, the region’s youthful population is creating strong momentum for long-term economic expansion.

A growing labor force, rising consumer demand, and faster urbanization are increasing pressure and opportunity across real estate sectors, from industrial parks and logistics hubs to residential towers and mixed-use developments.

At the same time, the “China + 1” strategy continues to accelerate the relocation of manufacturing operations to Southeast Asia, with Vietnam emerging as one of the strongest beneficiaries.

As companies diversify production beyond China, Vietnam has attracted a steady flow of foreign direct investment, particularly into manufacturing. That capital is creating major spillover effects in real estate markets, especially in Ho Chi Minh City and Hanoi, which remain the country’s largest centers for infrastructure, labor, and consumer demand.

Neil MacGregor, CEO of Savills Vietnam, said the country has all the fundamentals needed to sustain high growth, including infrastructure development, foreign investment, and rising domestic demand.

However, Savills warned that rapid expansion alone does not guarantee long-term competitiveness.

Cities must also prove resilience.

That includes strong economic fundamentals, technology ecosystems, ESG standards, quality of life, and the ability to execute development strategies effectively. In this area, established global leaders such as New York, Tokyo, London, and Seoul continue to lead by balancing growth with livability and long-term planning.

For Vietnam, infrastructure remains the most critical foundation.

The country currently has around 234 major infrastructure projects underway, representing an estimated VND3.4 quadrillion, or roughly US$129 billion, in total investment.

Major projects including Long Thanh International Airport, metro systems in Hanoi and Ho Chi Minh City, and more than 380 kilometers of newly operational North–South Expressway sections are helping create new economic corridors across the country.

These projects are not only improving transport connections but also reshaping urban development patterns.

Areas surrounding both Hanoi and Ho Chi Minh City are emerging as new investment zones, while industrial real estate is benefiting directly from the rise of integrated manufacturing and logistics ecosystems.

At the same time, so-called “soft infrastructure” is becoming increasingly important.

Factors such as education, healthcare, environmental quality, and overall living standards are playing a bigger role in decisions made by businesses and highly skilled workers choosing where to invest and relocate.

As Asia continues to become the center of global growth, Vietnam is pushing for double-digit economic expansion backed by infrastructure spending and strong FDI inflows.

But experts say the real challenge will be execution.

Project timelines, legal reforms, financing conditions, and administrative efficiency will ultimately determine whether Vietnam can convert its growth potential into sustainable long-term competitiveness.

With strong macroeconomic stability, continued urbanization, and resilient foreign investment, both Ho Chi Minh City and Hanoi appear well positioned to remain among Asia’s most important growth stories in the decade ahead.

Hanoi’s Old Quarter Emerges as Vietnam’s Ultimate Food Capital

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Hanoi’s Old Quarter is once again proving why it remains the heart of Vietnam’s culinary identity, as global recognition for the capital’s street food scene continues to rise.

From steaming bowls of pho served on low plastic stools to Michelin-recognized restaurants redefining local cuisine, the district offers a rare mix of tradition and modern dining that few cities in Asia can match. Last year, British magazine Time Out ranked Hanoi as the second-best street food city in Asia, placing it ahead of both Singapore and Bangkok.

For international visitors, the Old Quarter is more than a tourist destination. It is where Vietnam’s food culture has been built, preserved, and constantly reinvented for more than 1,000 years.

As night falls, the transformation begins.

Daytime shopkeepers close their storefronts, while street vendors wheel out metal carts, plastic stools, and giant pots of simmering broth. Pavements become open-air kitchens, and narrow streets fill with diners waiting for fresh noodles, grilled meats, and late-night snacks.

Michelin Guide describes the experience as something that feels almost untouched by time, where the rhythm of daily life looks much the same as it did decades ago.

According to food historian Trinh Khanh Linh, the Old Quarter has existed since around the year 1000 and has always served as Hanoi’s main trading center.

“People came here from across Vietnam and from other countries, including many Chinese migrants in the 17th century,” Linh explained.

That history is still reflected in the street names. Hang Bac was once known for silversmiths, Thuoc Bac for traditional medicine, Hang Thiec for metalworkers, and Hang Chieu for woven mats.

Today, many of those same streets are known less for trade and more for food.

Cookbook author Andrea Nguyen told Michelin Guide that much of Hanoi’s culinary history is hidden in these names. Streets such as Hang Khoai, once associated with root vegetables, naturally became places where vendors sold boiled sweet potatoes, cassava, and taro.

As trade expanded, food followed.

Competition among vendors helped shape some of Vietnam’s most iconic dishes. Chinese culinary influence introduced noodles, which later became central to northern Vietnamese cuisine. French colonial rule in the late 19th century added another layer, bringing new ingredients and cooking techniques.

Pho became the clearest result of that cultural blending.

Widely considered Vietnam’s national dish, pho combines Chinese noodle traditions, local herbs and broth techniques, and French influence through beef-based stock preparation.

Chef Charles Degrendele of Michelin-selected Le Beaulieu said Vietnam adapted French cuisine to local tastes rather than simply copying it.

Opened in 1901, Le Beaulieu became one of Hanoi’s earliest fine dining institutions and helped shape the city’s evolving restaurant scene. Degrendele noted that over the past century, many Vietnamese and international chefs trained there before opening restaurants of their own.

For much of the 20th century, dining out in Hanoi usually meant choosing between street food and hotel restaurants, with few options in between.

That began to change in the 1990s as Vietnam opened its economy and private restaurants started expanding rapidly.

The Old Quarter led that shift.

Long Nguyen, who grew up around his family’s Michelin-selected restaurant Hanoi Garden, said restaurants were still rare outside hotels during that period. His strongest memories are of simple breakfasts on cold Hanoi mornings, sitting on wooden benches in the street.

For him, those everyday meals define Vietnamese cuisine more than luxury dining ever could.

Many Old Quarter eateries have now served the same neighborhoods for more than 30 years, often using recipes that remain unchanged. Their reputation depends entirely on local trust, where residents return only if quality stays consistent.

Chef Truong Quang Dung of Chapter restaurant believes that same foundation allows younger chefs to innovate without losing authenticity.

Using local ingredients such as corn and eel, he creates refined dishes designed for international diners while keeping traditional Vietnamese flavors at the center.

He said the Old Quarter remains a demanding place where only good food survives.

“The residents here are proud of their food,” he said. “For those seeking authenticity, this is where it can be found.”

That balance between preservation and reinvention is helping Hanoi strengthen its global food reputation.

With Michelin recognition, rising international tourism, and a street food culture still rooted in daily life, Hanoi’s Old Quarter continues to stand out as Vietnam’s most important culinary destination—and one of Asia’s most compelling places to eat.

SABECO duy trì chi trả cổ tức 50% hai năm liên tiếp, khẳng định cam kết tạo giá trị dài hạn

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Tại Đại hội đồng Cổ đông Thường niên 2026, Tổng Công ty Cổ phần Bia – Rượu – Nước giải khát Sài Gòn (SABECO) đã công bố kết quả kinh doanh vững vàng của năm 2025. Đây là thành quả có được nhờ kỷ luật trong quản trị nguồn vốn cùng nỗ lực bền bỉ trong củng cố hiệu quả vận hành, giúp công ty bảo vệ các hoạt động cốt lõi và thành công vượt qua những thách thức của ngành. 

Trong năm tài chính 2025, SABECO ghi nhận doanh thu thuần đạt 25.888 tỷ đồng, lợi nhuận sau thuế đạt 4.573 tỷ đồng, tăng khoảng 2% so với năm trước. Đáng chú ý, chỉ trong quý 4/2025, lợi nhuận sau thuế đạt gần 1.119 tỷ đồng, tăng 13% so với cùng kỳ. Tính đến ngày 31/12/2025, tổng tài sản doanh nghiệp đạt 32.597 tỷ đồng, với hệ số thanh toán hiện hành 2,49 lần, cho thấy khả năng thanh khoản và kỷ luật tài chính vững mạnh.

Với nền tảng tài chính ổn định, Hội đồng Quản trị đề xuất mức chi trả cổ tức tổng cộng tương đương 50% vốn điều lệ cho năm 2025. Đây là năm thứ hai liên tiếp SABECO duy trì mức chi trả này, thể hiện cam kết nhất quán trong việc mang lại giá trị bền vững cho nhà đầu tư.

Ông Tan Teck Chuan Lester, Tổng Giám đốc SABECO, chia sẻ: “Năm 2025 đòi hỏi SABECO cần sắc bén hơn trong thực thi, tập trung vào những cải thiện mang tính cấu trúc và sâu sắc hơn trên toàn hệ thống. Trong bối cảnh thị trường chịu tác động từ nhu cầu suy yếu và cạnh tranh gia tăng, phản ứng của chúng tôi không chỉ nhằm đảm bảo kết quả tài chính mà còn nâng cấp năng lực trên cả phương diện thương mại, vận hành và số hóa.”

Ông Tan Teck Chuan Lester, Tổng Giám đốc SABECO chia sẻ tại Đại hội đồng Cổ đông Thường niên 2026 của SABECO

Những bước tiến trong hoạt động vận hành năm 2025

Trong năm 2025, chiến lược triển khai của SABECO tập trung vào việc củng cố các năng lực cốt lõi và nâng cao năng lực cạnh tranh trên ba trọng tâm:

  • Nâng cao hiệu quả thương mại và năng lực phân phối: SABECO đã cải thiện hiệu quả phân phối, tăng cường năng lực thực thi tại điểm bán và mở rộng độ phủ thị trường trong suốt năm 2025. Tỷ lệ giao hàng trực tiếp đạt 89% trên toàn quốc, giúp nâng cao khả năng kiểm soát chi phí, tốc độ phản hồi và tính minh bạch của dữ liệu. Việc ứng dụng các công cụ số hóa đã tiếp tục củng cố năng lực thương mại thông qua khâu lập kế hoạch tối ưu hơn, ra quyết định nhanh chóng hơn và nâng cao năng suất thực địa.
  • Tối ưu danh mục sản phẩm và đẩy mạnh giá trị thương hiệu: SABECO tiếp tục cải thiện danh mục sản phẩm và củng cố định vị thương hiệu với việc ra mắt thành công dòng sản phẩm Bia Saigon Chill dạng lon 250ml. Động thái này không chỉ tạo đà tăng trưởng mạnh mẽ trên thị trường, mà còn thúc đẩy chiến lược cao cấp hóa, gia tăng tỷ trọng phân khúc cao cấp. Các chiến dịch kích hoạt thương hiệu tại địa phương cùng chương trình tương tác với nhiều thế hệ khách hàng đã góp phần củng cố giá trị thương hiệu, đồng thời duy trì kỷ luật về giá. 
  • Thúc đẩy hiệu quả vận hành và chuỗi cung ứng: SABECO tiếp tục duy trì kiểm soát tiêu chuẩn sản xuất và chuẩn hóa trên toàn hệ thống nhà máy, qua đó nâng cao độ tin cậy của tài sản và minh bạch hóa chi phí. Đồng thời, việc hoàn thiện quy hoạch tổng thể hệ thống kho bãi toàn quốc cùng các sáng kiến chuẩn hóa quy trình giao hàng đã giúp giảm khoảng 5% chi phí trên mỗi lít bia và cải thiện rõ rệt chất lượng dịch vụ.

SABECO chia sẻ về những bước tiến trong hoạt động vận hành năm 2025

Bên cạnh đó, SABECO cũng củng cố năng lực cạnh tranh dài hạn thông qua quá trình chuyển đổi số, thực thi các sáng kiến ESG và nâng cao năng lực quản trị doanh nghiệp. Việc đầu tư vào công nghệ đã làm tăng tính linh hoạt và thúc đẩy văn hóa ra quyết định dựa trên nền tảng dữ liệu. Trong khi đó, những nỗ lực về phát triển bền vững đã giúp tối ưu hóa hiệu quả sử dụng tài nguyên, điển hình là việc cải thiện tỷ lệ tiêu hao nước và tái sử dụng 100% chai thủy tinh.

Duy trì động lực phát triển trong năm 2026

Bước sang năm 2026, SABECO tiếp tục lạc quan về bức tranh tăng trưởng của Việt Nam nhờ vào nhu cầu nội địa phục hồi và đà phát triển kinh tế tiếp diễn. Chiến lược phát triển của SABECO tập trung vào bốn trọng tâm, bao gồm:

  1. Tăng trưởng dựa trên chất lượng và hiệu quả thay vì mở rộng sản lượng: Tiếp tục tập trung vào việc bảo vệ biên lợi nhuận, cải thiện cơ cấu lợi nhuận, đồng thời ưu tiên tính hiệu quả và kỷ luật thực thi hơn là chiến lược tăng trưởng chỉ dựa trên sản lượng.
  2. Thúc đẩy cao cấp hóa danh mục sản phẩm và nâng tầm thương hiệu: Nhằm đáp ứng nhu cầu ngày càng khắt khe và tinh tế của người tiêu dùng, công ty sẽ củng cố danh mục sản phẩm hướng tới các phân khúc có giá trị cao hơn, nâng tầm trải nghiệm khách hàng và củng cố vị thế thương hiệu. Theo định hướng này, SABECO sẽ ra mắt phiên bản lon giới hạn 333 Pilsner Cheers Pack dung tích 250ml vào tháng 5 tới. Với thiết kế hiện đại, nhỏ gọn và tiện lợi, Cheers Pack kế thừa hương vị bia êm cực êm của 333 Pilsner – một dòng sản phẩm kết hợp hài hòa giữa di sản của thương hiệu bia huyền thoại và công nghệ ủ bia xuất sắc. Phiên bản lon 250ml được nghiên cứu và phát triển phù hợp với nhịp sống năng động hiện đại, mang đến sự sảng khoái trong từng ngụm bia. Đây là lựa chọn phù hợp cho những dịp gặp gỡ cùng đồng nghiệp và bạn bè, góp phần mang đến những cuộc vui nhẹ nhàng, thoải mái và thêm gắn kết.
  3. Đẩy mạnh chuyển đổi số và vận hành dựa trên dữ liệu: Ứng dụng sâu rộng các công cụ kỹ thuật số, trí tuệ nhân tạo (AI) và phân tích dữ liệu; song song với việc mở rộng kênh thương mại điện tử và thương mại hiện đại nhằm nâng cao năng lực ra quyết định và hiệu suất vận hành.
  4. Tăng cường quản trị và tích hợp ESG: Tiếp tục nâng cao các chuẩn mực quản trị tiệm cận hơn với tiêu chuẩn quốc tế, đồng thời thúc đẩy các cam kết ESG trong suốt các ưu tiên về môi trường, xã hội và vận hành.

Cùng với đó, SABECO sẽ tiếp tục tối ưu chuỗi cung ứng, đầu tư vào nghiên cứu và phát triển, củng cố vị thế tại thị trường nội địa và từng bước mở rộng ra thị trường quốc tế.

Nhận định về triển vọng năm 2026, ông Koh Poh Tiong, Chủ tịch Hội đồng Quản trị SABECO, cho biết “Trong bối cảnh môi trường kinh doanh cạnh tranh cao và chịu ảnh hưởng từ các yếu tố toàn cầu, SABECO tin tưởng vào khả năng vượt qua thách thức và cam kết đầu tư vào các cơ hội tăng trưởng dài hạn nhằm mang lại giá trị bền vững cho cổ đông, khách hàng và cộng đồng.”

Các cổ đông bỏ phiếu biểu quyết tại Đại hội đồng Cổ đông Thường niên 2026

Dựa trên các định hướng này, SABECO sẽ không ngừng củng cố vị thế trên thị trường thông qua năng lực thực thi kỷ luật, các quyết định đầu tư có chọn lọc và nền tảng vận hành vững chắc. Từ đó, công ty tiếp tục hiện thực hóa mục tiêu kiến tạo giá trị bền vững, dài hạn cho các cổ đông, khách hàng và cộng đồng.

Ho Chi Minh City’s brand in a mega-region era

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Ho Chi Minh City, 23 April 2026

Ho Chi Minh City’s expanded scale after the merger with two provinces brings new opportunities but also calls for a clearer and more convincing brand identity for both local and international audiences.

In 2025, Ho Chi Minh City crossed a historic threshold. With the merger of Binh Duong and Ba Ria – Vung Tau, the city is no longer just a metropolis. It has become a multi-polar mega-region, combining finance, industry, logistics, innovation, culture, and marine economy.

On paper, the change was clear and decisive. Ho Chi Minh City now stretches across more than 6,700 square kilometres, is home to over 14 million people, and accounts for almost a quarter of Vietnam’s GDP. In economic and logistical terms, it has become the largest urban entity the country has ever known.

According to Associate Professor Giannina Warren, Senior Program Manager for Professional Communication at RMIT University Vietnam, administrative mergers are often treated as technical exercises: redraw boundaries, restructure agencies, and integrate budgets. But cities are not only defined by maps and statistics.

“They are also defined by how people understand them and live, work and play in them. They are not only governed systems; they are perceived systems. People – residents, investors, students, visitors – make decisions based on how a place feels, what it stands for, and whether its story makes sense to them,” she said.

Ho Chi Minh City now stretches across more than 6,700 square kilometres and is home to over 14 million people. (Photo: Pexels)

For decades, Ho Chi Minh City has been easy to describe. It was Vietnam’s commercial heart, a dense and energetic place known for opportunity, openness and relentless movement. Bình Dương was recognised as an industrial engine, while Ba Ria – Vung Tau was associated with ports, energy and the sea.

After the merger, these identities did not disappear – they were simply placed under one name. That creates enormous potential, but it also raises a fundamental question: what, exactly, is Ho Chi Minh City now?

“When cities grow in size and complexity, their identity does not automatically grow with them,” Associate Professor Warren said. “In fact, without careful attention, it often becomes less clear. Bigger cities can become harder to explain, harder to remember, and harder to trust – especially for people who do not live there.”

In recent years, Ho Chi Minh City’s public image has relied heavily on tourism-led messaging, with familiar language about vibrancy, energy, and dynamism. These ideas are not wrong, but they are no longer sufficient. A city that aims to position itself as a regional logistics hub, an international financial centre, a destination for global talent and a centre for higher education needs a deeper, more coherent story.

The 2025 merger intensifies this challenge. “When a city tries to stand for too many things at once – industry, finance, tourism, innovation, culture – without a clear organising idea, its identity can start to feel diluted. Scale alone does not create meaning,” Associate Professor Warren said.

According to Dr Bui Quoc Liem, a lecturer in Professional Communication at RMIT Vietnam, the diversity of function requires a different way of thinking about city identity. Rather than one slogan trying to describe everything, HCMC now needs a brand architecture: a shared overarching story that allows different areas to express distinct roles, while still belonging to one coherent identity. 

This shared narrative should explain how the different parts belong to the same urban system and contribute to a common future. Without this, peripheral areas risk feeling like add-ons rather than integral parts of the city, and the city risks communicating conflicting messages to the outside world.

Associate Professor Giannina Warren (left) and Dr Bui Quoc Liem (Photo: RMIT)

Dr Liem also stressed that this is where city branding is often misunderstood. It is easy to assume that branding is about logos, taglines, or advertising. In reality, especially in the context of a merger, branding is closer to strategic coordination. 

“A clear narrative helps different parts of the city – and different government departments – move in the same direction. It shapes how infrastructure priorities are explained, how investment strategies are framed, how talent is attracted, and how the city speaks to the world. The city’s brand becomes the compass for its development, instead of just a decoration,” he said.

The city leaders have already recognised this connection. Ho Chi Minh City has begun work on a long-term branding strategy aligned with its socio-economic vision for 2030 and 2045. Crucially, there is growing acknowledgement that a brand cannot exist in isolation. A city that presents itself as open must reduce administrative friction. A city that aspires to be liveable must invest seriously in transport and public services. A city that aims to become a financial centre must demonstrate credibility, consistency, and governance capacity.

The RMIT experts believe that the cost of not addressing this moment is not dramatic or immediate, but it is real. Without a clear narrative, communication becomes fragmented. Residents in newly merged areas may struggle to see themselves as part of the city’s story. International partners may find the city impressive, but difficult to access. Opportunities to position Ho Chi Minh City as Southeast Asia’s next major mega-region may quietly slip away.

The administrative transition has already happened. The question now is whether the city can tell its new story clearly enough for others to understand it – and for its own residents to believe in it. The challenge ahead is not to invent something artificial, but to articulate clearly what already exists: a city-region that connects industry with innovation, ports with finance, culture with opportunity, and local energy with global ambition.

Singapore Wins Vietnam’s Micro-Holiday Travel Boom

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Short-haul trips surge as Vietnamese tourists chase high-impact, time-efficient international getaways

As global travel rebounds with a sharper focus on time efficiency, Vietnamese tourists are driving a surge in “micro-holidays”—short, high-impact international trips—and Singapore is emerging as a clear winner. With long public holidays approaching, demand is shifting toward destinations that offer seamless access, dense experiences, and minimal travel friction—turning short-haul hubs into strategic tourism hotspots across Southeast Asia.

Data from Traveloka shows that searches for flights and accommodations by Vietnamese travelers have jumped roughly 30% ahead of the Reunification Day and Labor Day holiday period. Meanwhile, insights from Agoda confirm Singapore’s position among the top five most searched international destinations. The appeal is structural: a flight time of under three hours from Hanoi or Ho Chi Minh City, combined with world-class infrastructure, allows travelers to compress a full-spectrum travel experience into just a few days.

At the heart of Singapore’s appeal is its ability to deliver a “city-in-a-day” experience. Marina Bay exemplifies this model, where iconic landmarks such as Marina Bay Sands, ArtScience Museum, and Gardens by the Bay are concentrated within walking distance. By day, the district blends green urban spaces with cutting-edge architecture; by night, it transforms into a high-density entertainment zone, anchored by the Spectra light and water show—an immersive 15-minute spectacle that encapsulates the city’s tech-driven tourism strategy.

Beyond the skyline, Sentosa Island extends the experience into a multi-layered leisure ecosystem just 30 minutes from the city center. Visitors can move seamlessly between adrenaline-driven attractions like Universal Studios Singapore and quieter, restorative spaces such as the Singapore Oceanarium. The island’s integrated design allows tourists to transition from theme park excitement to beachfront relaxation at Siloso Beach, finishing with panoramic views from SkyHelix Sentosa—all within a single day.

Back in the urban core, riverside districts like Clarke Quay and Boat Quay offer a contrasting layer of cultural immersion and nightlife. Traditional bumboat cruises along the Singapore River provide a slower, reflective perspective of the city’s transformation, while the surrounding dining and entertainment venues cater to a global palate—bridging heritage with contemporary urban energy.

Singapore’s sustained popularity among Vietnamese travelers reflects a broader shift in global tourism behavior: travelers are optimizing for experience density rather than trip duration. In an era where time is increasingly scarce, destinations that can compress diverse, high-quality experiences into a short window are gaining a structural advantage. The question for regional tourism markets is no longer how to attract visitors—but how to redesign experiences for a world where a “perfect trip” may only last three days.

FPT Q1 Profit Beats, Global Tech Demand Rebounds

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Vietnam’s IT leader posts solid growth as overseas contracts recover and AI-driven services gain traction

As global tech spending shows early signs of stabilization, FPT Corporation has delivered a steady first-quarter performance—offering investors a timely signal that demand for outsourcing and digital transformation services is rebounding despite ongoing macro uncertainty.

In preliminary results for Q1 2026, the Vietnamese technology giant reported revenue of VND 12.4 trillion (up 9% year-on-year) and net profit after minority interests of VND 2.5 trillion (up 14%). Pre-tax profit rose even faster at 16%, broadly in line with market expectations and reinforcing FPT’s reputation as one of Southeast Asia’s most resilient tech exporters.

The company’s IT segment remained the primary growth engine, accounting for nearly 90% of total revenue and close to 60% of pre-tax profit. Overseas IT services—FPT’s core export business—grew more modestly, with revenue up 10% and profit up 6%, reflecting lingering effects from slower contract signings in mid-2025. However, a notable turnaround is emerging: newly signed orders reached VND 13.6 trillion, up 22% year-on-year, with March alone accelerating by an estimated 27%. This suggests that global clients are gradually resuming technology spending, even as geopolitical and economic risks persist.

Japan continues to anchor FPT’s international growth, with revenue from the market rising 19%, outperforming other regions. Europe posted a striking 44% surge, while the Americas saw modest growth of 4% and Asia-Pacific declined 10%, highlighting uneven recovery patterns across global markets. Meanwhile, digital transformation services—particularly in AI, data analytics, and cybersecurity—generated VND 4.2 trillion in revenue, up 18%, underscoring the company’s strategic pivot toward higher-value, future-facing technologies.

Domestically, FPT also delivered strong double-digit growth, with IT revenue rising 14% and pre-tax profit expanding fourfold. The improvement was driven by a higher contribution from software and services—segments with stronger margins—along with expanding demand from both private enterprises and the public sector. Beyond technology, FPT’s education and investment segments posted a 24% increase in pre-tax profit, supported by solid earnings from affiliated companies.

For global investors, FPT’s performance offers more than just a snapshot of one company—it reflects Vietnam’s broader emergence as a digital services hub in Southeast Asia, increasingly positioned alongside India and Eastern Europe in the global outsourcing landscape. The rebound in new orders, particularly in high-growth areas like AI and cybersecurity, suggests that the next phase of tech spending may favor agile, cost-efficient players like FPT.

The critical question now is whether this recovery can accelerate in the second half of 2026. If global enterprises continue to unlock budgets for digital transformation, FPT—and Vietnam’s tech sector more broadly—could be entering a new growth cycle that reshapes the competitive map of global IT services.

Vietnam’s Richest Man Doubles Down on EVs: “We Will Never Make Gas Cars Again”

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Vietnam’s push into electric mobility just became more definitive.

At Vingroup’s 2026 annual shareholder meeting, billionaire Pham Nhat Vuong delivered a clear message to investors and the market. VinFast will not return to gasoline vehicles under any circumstances, even as some global automakers reconsider hybrid strategies.

For international observers, this signals one of the most aggressive all electric commitments by a major emerging market automaker.

A Firm Strategic Bet on Electric Vehicles

Responding to shareholder questions about whether VinFast might produce hybrid or gasoline cars, Vuong rejected the idea outright.

Instead, the company will:

  • Continue developing new electric vehicle models
  • Focus on extending driving range to address charging concerns
  • Expand its global footprint across Asia and beyond

The stance comes at a time when parts of the global auto industry are slowing EV transitions and reintroducing hybrid options.

VinFast is taking the opposite approach.

High Growth, High Cost Transition

The company’s financials reflect the scale of its ambition.

  • 2025 revenue reached over VND 90 trillion, up 139 percent year on year
  • Net losses exceeded VND 97 trillion
  • Accumulated losses have surpassed VND 170 trillion

Despite these losses, VinFast has become the largest car brand in Vietnam, capturing around 36 percent market share.

This highlights a familiar pattern in the EV industry, where rapid expansion and heavy upfront investment often precede profitability.

Global Expansion Targets

VinFast is aiming for significant scale in 2026:

  • Deliver 300,000 electric cars globally
  • Sell between 1 and 1.5 million electric motorbikes
  • Expand into Southeast Asia and India

The company is positioning itself not just as a domestic leader, but as a regional EV player.

Flexible Battery Strategy

Rather than fully vertically integrating battery production, VinFast is adopting a hybrid approach.

The company plans to:

  • Source batteries from external suppliers
  • Partner with technology firms
  • Maintain partial in house production

This strategy is designed to reduce capital intensity while maintaining flexibility and cost competitiveness.

Beyond Cars: Building an EV Ecosystem

VinFast’s strategy extends beyond manufacturing.

Its sister company Green SM, an electric ride hailing platform, has already become the market leader in Vietnam’s four wheel ride hailing segment.

  • Holds over 50 percent market share by transaction value
  • Expanding into services such as delivery and logistics
  • Preparing for a potential IPO in the near future

Together, these moves suggest a broader ecosystem play, integrating vehicles, services, and infrastructure.

Why This Matters

VinFast’s refusal to return to gasoline vehicles sets it apart from many global competitors.

For investors and industry watchers, it raises key questions:

  • Can a pure EV strategy succeed in emerging markets
  • How quickly can profitability follow scale
  • Will Vietnam become a serious player in the global EV supply chain

Bottom Line

VinFast is making a clear, high risk bet on an all electric future.

By ruling out any return to gasoline vehicles, Pham Nhat Vuong is signaling long term commitment over short term flexibility. The outcome will shape not only the company’s trajectory, but also Vietnam’s position in the global auto industry.

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