Ho Chi Minh City’s iconic Bùi Viện backpacker street, the beating heart of the city’s nightlife, just witnessed a chaotic showdown! A young man has been nabbed by police for allegedly smashing a beer bottle over a foreign tourist’s head during a heated brawl, and the story is as wild as a Saturday night in District 1!
On Monday, HCMC’s Investigation Police Agency announced the urgent detention of Trần Gia Huy, a 19-year-old from Ninh Thuận province, for stirring up trouble in a public place. The drama unfolded at 8:20 p.m. last Saturday, May 17, right in the neon-lit chaos of Bùi Viện, where backpackers and locals mingle over cold beers and pulsing music.
Here’s the scoop: A South African tourist, A.K.N. (born 1987), was kicking back at the lively N.L. bar when things got spicy. A heated argument broke out with a bar staffer, D.H., a 27-year-old from Sóc Trăng province. The bar’s owner, F.J., a 29-year-old German national, jumped into the fray, and what started as a war of words turned into a full-on physical clash. As fists flew, Huy, D.H., and another staffer allegedly ganged up on the tourist, with Huy delivering a shocking blow to A.K.N.’s head using a beer bottle!
The Phạm Ngũ Lão Ward police swooped in like superheroes, rounding up everyone involved and hauling them to the station for a serious chat. The incident has sent ripples through Bùi Viện’s vibrant scene, a place where travelers from across the globe come to soak up Vietnam’s electric nightlife.
So, what’s next? The police are digging deeper, and Huy’s facing charges for causing public disorder. This brawl is a reminder that even in HCMC’s fun-loving backpacker hub, things can get heated faster than a bowl of phở fresh off the stove. Stay safe out there, readers—keep the good vibes flowing, and let’s keep Bùi Viện the welcoming party spot we all love!
Ready to dive into the vibrant chaos and timeless charm of Hanoi? Whether it’s your first visit or a nostalgic return, Vietnam Insider has curated the ultimate list of experiences to make your trip unforgettable. Let’s explore the capital’s beating heart!
Get Lost in the Old Quarter’s Magic
Step into a whirlwind of narrow streets buzzing with motorbikes, colorful shops, and sizzling street food stalls. Every corner of Hanoi’s Old Quarter tells a story—perfect for adventurers craving authentic vibes. Pro tip: Bargain with a smile at the local markets!
Heritage House in Old Quarter of Hanoi, Vietnam
Savor Egg Coffee in a Secret Café
Hanoi’s iconic egg coffee is a creamy, dreamy must-try. Skip the usual spots and hunt for a hidden café tucked down an alley for that cozy, local feel. One sip, and you’ll be hooked!
Egg coffee, a must-try unique in Vietnam
Find Serenity at Hoan Kiem Lake & Ngoc Son Temple
Stroll around the tranquil Hoan Kiem Lake as the sun rises or sets, casting a golden glow over the water. Cross the red bridge to Ngoc Son Temple, a charming gem steeped in legend. It’s Hanoi’s perfect blend of peace and beauty.
Be Mesmerized by a Water Puppet Show
Dive into Vietnam’s cultural soul with a water puppet performance at Thang Long Water Puppet Theatre. This ancient art form, with puppets dancing on water, is a quirky, unforgettable spectacle!
Water Puppet Show in Hanoi
Step Back in Time at the Temple of Literature
Wander through Vietnam’s first university, a serene oasis of ancient architecture and lush courtyards. The Temple of Literature is a love letter to Hanoi’s rich history—perfect for history buffs and photo lovers alike.
Vietnam’s Hanoi attractions: Temple of Literature
Catch the Thrill of Hanoi Train Street
Sip coffee inches from a roaring train at Hanoi’s famous Train Street. Check train schedules, grab a seat at a café, and feel the adrenaline as the locomotive zooms past. It’s a bucket-list moment!
Hanoi Train Street
Embark on a Street Food Adventure
Hanoi’s food scene is legendary—think steaming bowls of pho, juicy bun cha, crispy banh mi, and sticky rice treats. Join a guided street food tour or go rogue through the Old Quarter’s bustling stalls. Your taste buds will thank you!
Hanoi Street Food
Pay Respects at Ho Chi Minh Mausoleum
Visit the resting place of Vietnam’s revered leader, Ho Chi Minh. This iconic site offers a deep dive into the nation’s history and a chance to reflect on its past. Arrive early to beat the crowds!
Ba Dinh Square @ Ho Chi Minh Mausoleum Hanoi
Cruise the Streets on a Cyclo
Hop on a traditional cyclo for a leisurely ride through Hanoi’s lively streets. Let the city’s energy wash over you as your driver pedals past historic landmarks and vibrant markets. It’s the ultimate laid-back adventure.
Foreign tourist traveling in Hanoi by Cyclos
Chase Sunsets at West Lake
Unwind at Hanoi’s largest lake, where golden sunsets paint the sky. Grab a drink at a trendy lakeside café or simply soak in the serene views. It’s the perfect spot to wrap up your Hanoi journey.
The West Lake in Hanoi. Credit: Olivier Ochanine
Ready to Fall in Love with Hanoi?
From chaotic streets to tranquil lakes, Hanoi is a city that captures your heart at every turn. Which experience are you most excited to try? Share your Hanoi adventures with Vietnam Insider, and let’s keep the travel inspo flowing!
Vietnam’s mattress manufacturing industry has matured rapidly over the past decade, reaching 65.75 million US$ in revenue in 2024, transitioning from a low-cost production destination to a high-value, technology-driven export hub. As global demand for customized, ergonomic, and sustainable sleep products accelerates, mattress factories in Vietnam are responding by investing in advanced machinery, automation, and process optimization. These improvements are enabling Vietnamese manufacturers to deliver greater product variety, higher quality, and faster turnaround times to meet international standards.
Automated Quilting and Fabric Cutting: Enhancing Design Precision
In this video, we will explore Vietnam’s advanced mattress production process—from spring coil manufacturing to memory foam customization—designed to improve sleep quality and ease back pain.
The first major area of advancement is found in quilting and fabric cutting technologies. Modern Vietnamese factories are utilizing computer-controlled quilting machines that enable complex stitching patterns, uniform fabric tension, and aesthetic flexibility. This not only reduces production errors but also allows for the creation of visually distinctive and durable mattress covers.
At the same time, CNC cutting machines are streamlining the preparation of foam, latex, and textile components. These systems offer millimeter-level precision, which is essential for high-quality mattress construction, particularly for clients requiring specific firmness zones, multi-layer structures, or non-standard sizes. Digital templates also allow for quick reconfiguration, facilitating efficient small-batch production and product customization.
Pocket Spring Coil Systems: Innovation in Support and Comfort
Another area where Vietnam is excelling is in pocket spring mattress manufacturing. This system, where individual coils are wrapped in fabric sleeves and operate independently, has become the gold standard in mid-to-premium mattress categories. Vietnamese factories now house automated pocket coil assembly lines that handle coiling, encasing, and bonding at scale.
Factories have fully integrated this process into their production flow, enabling them to offer customized spring firmness levels, zoned support, and hybrid models that combine coils with latex or foam. The integration of spring coil production on-site means greater flexibility for private label buyers, faster lead times, and the ability to prototype and test variations quickly.
Spring tension testing, thermal tempering, and compression simulations are also becoming standard quality control procedures, allowing Vietnamese factories to deliver products that match the durability and ergonomic standards required by European and North American buyers.
Latex and Memory Foam Innovation: Meeting Market Expectations
Vietnam is among the world’s leading producers of natural latex, giving its mattress manufacturers a unique sourcing advantage. Latex derived from local rubber plantations is processed using automated molding and foaming systems, ensuring consistency in firmness, density, and breathability. These systems have also enabled the development of multi-zone latex cores, perforated designs for airflow, and even botanical-infused mattresses aimed at health-conscious consumers.
On the synthetic side, memory foam production has seen remarkable progress. Vietnamese factories now produce cooling gel-infused memory foam, charcoal-infused layers, and high-resilience foam blends tailored to meet the needs of diverse consumer groups. These innovations directly respond to the global shift toward healthier, more supportive sleep environments and cater to buyers in retail, hospitality, and e-commerce.
By combining advanced foam pouring technologies with temperature control and curing stations, manufacturers ensure repeatability and compliance with international safety certifications such as CertiPUR-US and OEKO-TEX.
Private Label and Customization: Enabling Agile Manufacturing for Global Buyers
Customization is now a defining feature of OEM mattress manufacturers in Vietnam. Supported by digital planning tools and ERP systems, mattress factories can collaborate with buyers to design everything from the internal structure to branding and packaging. Buyers can select foam densities, coil configurations, quilt patterns, and even the type of packaging—such as vacuum-sealed rolled-up mattresses in a box for easier shipping and storage.
This flexibility is particularly attractive to DTC mattress startups and mid-sized retailers looking for an agile manufacturing partner. With full private label capabilities, factories are producing mattresses that are not only tailored for niche markets but also ready for international distribution with barcoded packaging, instruction manuals, and customized labeling in multiple languages.
Additionally, the ability to consolidate shipments and comply with MOQ (Minimum Order Quantity) thresholds makes Vietnam a competitive solution for brands of all sizes.
To maintain their global reputation, Vietnamese mattress suppliers have embraced integrated quality control systems throughout the production line. Automated inspection units, pressure sensors, and visual detection tools are employed to identify stitching errors, foam inconsistencies, or spring misalignment before packaging.
Further, many factories are using RFID tracking systems to monitor raw materials, production batches, and finished goods. This ensures traceability and helps importers maintain regulatory compliance with their home markets.
The combination of ISO-certified processes, product testing laboratories, and export-ready packaging has significantly improved the perception of Vietnam mattress exports—helping local manufacturers to move up the value chain.
Final Thought: Vietnam’s Competitive Advantage in Global Mattress Sourcing
Vietnam’s mattress industry is no longer defined by low-cost labor but by technological agility, customization capacity, and export readiness. With access to natural latex, skilled labor, and increasingly automated production lines, Vietnam provides an ideal manufacturing base for global buyers seeking high-quality, cost-effective sleep products.
The shift toward smart mattress manufacturing has enabled Vietnamese factories to meet evolving consumer expectations and support private label programs across North America, Europe, and Australia. As supply chains continue to diversify beyond China, Vietnam’s well-integrated approach to mattress innovation, quality control, and logistics positions it as a strategic sourcing destination in the global sleep product industry.
A global controversy is reigniting over one of the most iconic war photographs in history: the Napalm Girl image from the Vietnam War.
For decades, Nick Ut—Vietnamese-American photojournalist for the Associated Press (AP)—has been credited as the man behind the lens. But now, both AP and World Press Photo (WPP) have raised serious questions: Was he actually the photographer? Or has the world been misled for over 50 years?
Two key issues are driving the renewed suspicion: the type of camera used and Ut’s physical location at the time the napalm bombing occurred.
In a recent report, AP acknowledged uncertainty about whether Nick Ut had a Pentax camera with him on that day in 1972. That’s critical—because Pentax is now believed to be the most likely camera used to capture the historic shot, even though AP admits it’s still not 100% conclusive.
Adding to the controversy is an ongoing investigation that casts doubt on Nick Ut’s position at the scene, raising concerns about whether he was in the right place to take the photograph at all.
While AP officially maintains Nick Ut as the photographer—citing a lack of definitive proof to the contrary—it also leaves the door open: the true author could be someone else.
Even more startling, World Press Photo announced on May 16 that it will no longer credit Nick Ut as the author of the image, choosing instead to publish the photo without naming a photographer.
Meanwhile, a new film The Stringer and multiple interviews—including one with the BBC—suggest Nguyễn Thành Nghệ, a lesser-known Vietnamese journalist, may actually be the man behind the lens.
In a country racing toward modernization, few headlines stir public imagination like the promise of a $61 billion high-speed railway linking Hanoi and Ho Chi Minh City. Recently, such a proposal emerged—not from the government, but from a private Vietnamese company stepping into the spotlight with an audacious claim: to outpace the national plan and reshape Vietnam’s transport future.
But as Cuong Dang, former CEO of Forbes Vietnam, argues in this provocative analysis, beneath the grand vision lies a calculated distraction. This isn’t a story about infrastructure. It’s a story about power, pressure, and the lengths a troubled conglomerate will go to regain control of its narrative.
What looks like a bold leap for Vietnam may in fact be a strategic smokescreen—one designed to stall scrutiny, sway public sentiment, and buy time amid a deepening financial storm.
“Vietnam’s $61B Railway Fantasy Is a Corporate Smoke Bomb
A few weeks ago, a Vietnamese private company proposed a $61 billion high-speed railway connecting Hanoi and Ho Chi Minh City — a massive project that would supposedly leap ahead of the government’s own national plan.
On paper, it sounds like ambition on overdrive.
In reality, it looks a lot more like a corporate smoke bomb — a strategic distraction wrapped in nationalism.
Let’s be clear: this is not about building trains.
It’s about buying time, freezing scrutiny, and resetting power in the middle of mounting financial pressure.
The company behind the proposal is tied to a conglomerate that’s overleveraged, overstretched, and increasingly under fire. Its flagship EV business has posted billion-dollar losses. Its stock has tanked. Its vision of becoming “Vietnam’s Tesla” is quietly unraveling.
And when that kind of narrative breaks down, there are two options:
Shrink quietly. Or go nuclear with spectacle.
This is spectacle. The kind that makes ministries hesitate, media pivot, and creditors back off — at least temporarily.
By positioning itself as the private savior of Vietnam’s rail future, the company regains:
Relevance it was losing.
Leverage it desperately needs.
And symbolic protection — because who wants to be the official who shuts down a $61B “nation-building” project?
It’s a play we’ve seen in other markets: Use scale and patriotism to stall pressure, delay accountability, and reposition the narrative.
The strategy is risky. If the state leans in too far — subsidizing land, soft loans, or credibility — it risks signaling that Vietnam rewards hype over discipline. But if it publicly dismisses the proposal, it looks like it’s turning its back on ambition.
The better path is clear: test it. Scrutinize it.
Don’t fall for the flag-waving. Don’t ignore it either.
Vietnam’s next era will be defined not just by what gets built — but by how power gets framed, and who gets to define “national interest.”
Because sometimes, a $61 billion proposal isn’t a leap forward.
Binh Duong province, a rising star in Vietnam’s real estate market, has recorded a staggering 700% increase in land listing prices over the past 10 years, according to data from Q1/2025.
This makes it the highest growth rate among key southern provinces neighboring Ho Chi Minh City, including Dong Nai, Long An, and Ba Ria – Vung Tau.
Speaking at the recent “Binh Duong Real Estate Outlook” forum, Associate Professor Dr. Tran Dinh Thien, former Director of the Vietnam Institute of Economics, highlighted that despite global uncertainties, Vietnam continues to offer investment opportunities—particularly in real estate. He emphasized that Binh Duong reflects the strength of Vietnam’s macroeconomic foundation, citing robust public investment, infrastructure development, and a solid industrial base.
Strategically located just 30 km northeast of Ho Chi Minh City, Binh Duong ranks among the top three provinces in GDP and boasts the highest average income in the country. With future plans to integrate administratively with HCMC and Ba Ria – Vung Tau, Binh Duong is set to become part of a mega-urban cluster, further enhancing its appeal.
But with such dramatic price increases, is now the right time for foreign investors to enter the market—or is the risk too high?
Sophie Dao, Senior Partner at GBS, advises foreign investors to proceed with caution. “Understanding Vietnam’s legal framework is essential to avoid hidden risks in real estate transactions. We guide investors through due diligence, regulatory compliance, and risk mitigation strategies,” she shared.
Ho Chi Minh City, Vietnam — The Trump Organization is setting its sights on Ho Chi Minh City as the next frontier in its Vietnam expansion plans, following the recent green light for a massive US$1.5 billion urban development project in Hưng Yên Province.
In a move that underscores the group’s growing ambitions in Vietnam’s booming real estate sector, representatives of the Trump Organization are scheduled for two high-level meetings with Ho Chi Minh City leadership this week. The meetings are expected to lay the groundwork for the construction of a landmark Trump Tower in the city’s Thủ Thiêm urban area.
According to the official agenda of the HCM City People’s Committee, Vice Chairman Võ Văn Hoan will meet Charles James Boyd Bowman, Director of the Trump International Hưng Yên project, on May 19. This will be followed by a second session on May 22, during which Eric Trump — Executive Vice President of the Trump Organization and son of former U.S. President Donald Trump — will engage directly with city officials.
Sources familiar with the meetings suggest that the Trump Organization will conduct site surveys and present a preliminary vision for the Trump Tower project in Thủ Thiêm, an area often referred to as the “new financial center” of Ho Chi Minh City.
The renewed interest in Vietnam follows the Trump Organization’s successful approval for a sprawling mixed-use complex in Hưng Yên, just outside Hanoi. That project, spanning more than 990 hectares, will feature a luxury golf resort, high-end residences, and eco-conscious hospitality infrastructure. The development is expected to accommodate nearly 30,000 residents and is slated to break ground in Q2 of 2025, with completion targeted for 2029.
The estimated total investment for the Hưng Yên development reaches approximately VNĐ39.8 trillion (US$1.53 billion), which also covers land compensation and resettlement costs.
A Trump Tower in Ho Chi Minh City — if realized — would mark one of the most high-profile foreign-led real estate projects in southern Vietnam, reflecting both investor confidence in the market and the Trump brand’s continued pursuit of global expansion.
More updates on the proposed project are expected to be released following the meetings this week. Stay tuned to Vietnam Insider for the latest developments.
Buckle up, Vietnam Insider readers—Covid-19 is making a subtle comeback in Hanoi and Ho Chi Minh City (HCMC)!
Last week, both cities saw a slight uptick in cases, but don’t hit the panic button just yet—no major outbreaks are on the horizon. Health officials are urging everyone to mask up in public spaces and stay vigilant to keep this sneaky virus at bay.
Here’s the lowdown on what’s happening and how you can protect yourself in true Vietnamese spirit!
Hanoi and HCMC: A Slight Surge, But No Alarm Bells
Hanoi’s Center for Disease Control (CDC) dropped some fresh stats on May 19, revealing 23 new cases last week—1.5 times higher than the total cases since January 2025. So far this year, the capital has clocked 37 cases, a massive drop from 637 in the same period last year. Meanwhile, HCMC reported 51 cases since January, with six popping up last week alone, up by 10 from the previous four-week average. The good news? Compared to 2024, HCMC’s infections are down 83%, and no one’s needed breathing support.
Nationwide, Vietnam’s seen a gentle rise, averaging about 20 cases weekly over the past three weeks, with a total of 148 cases across 27 provinces and cities in 2025. Places like Hai Phong, Nghe An, Bac Ninh, and Binh Duong are also on the list, but no severe cases or deaths have been reported. Phew!
Asia’s Covid Comeback: What’s Driving It?
Vietnam’s not alone in this. Across Asia, countries like Singapore, Hong Kong, China, Malaysia, and Thailand are seeing Covid cases climb. Thailand’s been hit hard, with 71,067 infections and 19 deaths from January to mid-May, including two big outbreaks after the Songkran festival. Experts are pointing fingers at the Omicron XEC variant, a speedy new strain first spotted in Germany in June 2024. Born from a mix of two Omicron subvariants (KS.1.1 and KP.3.3), XEC’s mutations make it a fast-spreading troublemaker.
Why the surge? Blame fading community immunity, holiday crowds (we’re looking at you, April 30 and May 1!), and these sneaky new variants. But Vietnam’s ready to fight back with its trademark resilience.
People wear protective masks to protect themselves against coronavirus while driving along Long Bien bridge in Hanoi, Vietnam. REUTERS/Kham
Stay Smart, Stay Safe: What You Can Do
No outbreaks doesn’t mean no action! The Ministry of Health is sounding the alarm: with holiday travel and bustling markets, cases could creep up. Here’s how you can keep Covid at arm’s length:
Mask up like a pro: Rock that face mask in crowded spots, on buses, or at clinics—it’s your superhero cape against germs!
Wash, rinse, repeat: Scrub those hands with soap or sanitizer to keep viruses on the run.
Skip the big gatherings: Keep meetups small to avoid unwanted viral guests.
Stay active and eat well: Boost your body’s defenses with exercise and nutritious phở-fueled meals.
Feeling off? Get checked!: Fever, cough, or shortness of breath? Head to a clinic ASAP for a check-up.
Back from a hotspot?: Monitor your health closely to protect your loved ones and community.
Vietnam’s Covid Journey: From Pandemic to Manageable Foe
Since Covid-19 crashed the global party in 2020, Vietnam has faced over 11.6 million cases, ranking 13th out of 231 countries. The nation mourned 43,000 lives lost, but that’s just 0.4% of cases—a testament to Vietnam’s fierce fight. In October 2023, the government downgraded Covid from a “dangerous” Group A disease to a more manageable Group B, like the flu, signaling confidence in handling it.
Let’s Keep Vietnam Vibrant and Virus-Free!
Hanoi and HCMC are buzzing with life, and a few extra Covid cases won’t dim their shine. By masking up, staying healthy, and keeping an eye out, we can all help keep Vietnam’s streets, markets, and coffee shops safe and lively. So, dear readers, let’s channel that Vietnamese grit, protect our communities, and show Covid who’s boss!
(Vietnam Insider) Imagine zipping through the vibrant streets of Vietnam’s Ho Chi Minh City (HCMC) on a sleek, eco-friendly electric motorbike! Last Saturday, the city administration dropped an exciting bombshell at a high-energy meeting: a game-changing proposal to convert all 400,000 motorbikes used by ride-hailing services into electric motorbikes.
This ambitious move is set to revolutionize how Vietnamese commuters and delivery drivers navigate the bustling metropolis, and it’s got everyone talking!
HCMC, a pulsating hub for ride-hailing giants like Grab, Xanh SM, and Be, as well as delivery champs like ShopeeFood, Ahamove, J&T, Viettel Post, and VNPost, relies heavily on two-wheelers to keep the city’s pulse racing. While Xanh SM, backed by powerhouse Vingroup, has already gone all-in on electric motorbikes, other players let their driver-partners choose between gasoline and electric rides. But change is coming, and it’s electric!
City officials aren’t just dreaming big—they’re doing the groundwork. Teams have been hitting the streets, conducting on-site surveys to map out what’s needed, from rest stops to cutting-edge charging stations for these green machines. After gathering expert insights, a detailed roadmap is slated to drop in July 2025, promising to light the way for this electrifying transformation.
But that’s not all! HCMC is doubling down on its green vision with a vehicle emissions control program, set to roll out in Q4 2025. This plan isn’t just for motorbikes—it’s a full-on eco-overhaul targeting taxis, buses, and even public agency vehicles. Expect juicy incentives, conversion plans, and even a buy-back scheme to swap out old gas-guzzlers for shiny new electric motorbikes. By 2030, fossil fuel vehicles could face restrictions as the city races toward a cleaner, greener future.
The stakes are higher now that HCMC’s borders have expanded to include Binh Duong and Ba Ria – Vung Tau provinces, following a massive administrative shake-up reducing Vietnam’s provinces from 63 to 34. The Department of Construction is working overtime to assess the impacts and ensure this green revolution is feasible across the newly enlarged city.
At the meeting, Vingroup’s vice chairwoman, Le Thi Thu Thuy, stole the spotlight with a passionate call to action: ban gasoline vehicles, champion electric motorbikes, support conversions, and supercharge the charging network. City chairman Nguyen Van Duoc couldn’t agree more, declaring the green transition a “global trend and a pressing need” that will fuel sustainable growth and create a new vibe for HCMC.
To steer this bold vision, the city is forming a dedicated green transition committee, kicking off with a consultative group to keep the momentum going. With HCMC leading the charge, Vietnam is poised to become a trailblazer in eco-friendly transport. So, dear readers, buckle up—HCMC’s electric future is about to spark a revolution, and you won’t want to miss it!
Hanoi, May 14 — Vietnam’s Ministry of Health has confirmed a slight uptick in COVID-19 cases over the past three weeks, with an average of 20 new infections per week reported nationwide.
As of early May, 148 cases have been recorded across 27 provinces and cities since the beginning of 2025. No fatalities or widespread transmission have been reported.
While the situation in Vietnam remains under control, officials are urging the public to remain cautious as neighboring countries like Thailand experience a surge in infections linked to the fast-spreading Omicron subvariant XBB.1.16.
Thailand has reported over 53,600 cases this year, with Bangkok being the hardest hit. However, global health experts emphasize that most cases exhibit only mild symptoms and no new global alert has been issued by the World Health Organization (WHO).
The Ministry of Health advises the public to remain vigilant and adopt standard preventive measures:
Wear face masks in crowded public areas
Avoid large gatherings
Practice regular hand hygiene
Monitor health and seek testing when experiencing symptoms
Authorities reaffirm that Vietnam’s current outbreak shows no signs of severity. However, proactive surveillance and close coordination with WHO will continue to ensure effective response measures are in place.
Hanoi, May 2025 – Vietnam has taken a major step forward in modernizing its financial system with the introduction of Decree 94/2025/ND-CP, which officially launches a two-year pilot program for peer-to-peer (P2P) lending platforms. This new policy not only supports financial inclusion and innovation but also opens promising investment opportunities for foreign fintech players seeking entry into one of Southeast Asia’s most dynamic emerging markets.
Starting July 1, 2025, licensed fintech companies in Vietnam will be permitted to operate legally within a regulatory “sandbox” environment—an official space where new models can be tested under the supervision of the State Bank of Vietnam. This move brings P2P lending out of legal ambiguity and into a structured ecosystem that balances innovation with consumer protection.
A Landmark Opportunity for Fintech Investors
The P2P lending model, which allows individuals to lend and borrow directly through digital platforms without the involvement of traditional banks, has already taken root informally in Vietnam. However, with no prior legal framework, many platforms operated in a gray area—raising concerns over transparency, interest rates, and user protection.
Now, with clear rules and oversight, the sector is being brought into the mainstream. For international investors, particularly those with fintech experience, this marks a unique window of opportunity.
“Vietnam’s sandbox model is a smart, forward-looking strategy,” said Sophie Dao, Senior Partner at GBS – Global Business Services LLC, a leading consultancy supporting foreign investors in Vietnam. “It shows that the government is committed to nurturing innovation while still ensuring trust and transparency. We are already seeing significant interest from overseas clients eager to enter this space.”
Sophie Dao, Senior Partner at GBS
Sophie Dao added that GBS is well-positioned to guide foreign fintech firms through the regulatory, licensing, and business setup processes, including company registration, legal compliance, and partnership facilitation.
Aligning With Global Trends, But With Vietnamese Values
As countries around the world grapple with how to regulate the fast-moving world of fintech, Vietnam’s model stands out for its balance between openness and control. Only a limited number of vetted companies will be allowed into the sandbox, and they must adhere to strict standards regarding data reporting, user protection, and risk management.
“Vietnam isn’t rushing into deregulation,” Dao noted. “It’s learning from global best practices and tailoring a model that fits local conditions. That’s what makes it so attractive for long-term investors.”
The new decree also ensures that P2P platforms address one of Vietnam’s long-standing challenges: access to credit. Millions of small business owners, informal workers, and rural entrepreneurs are currently underserved by traditional banking channels. With P2P lending, individuals can now access loans quickly and digitally, while lenders have new avenues to invest directly in the country’s grassroots economy.
Building a Transparent, Inclusive Financial Future
Decree 94/2025 signals a larger shift in Vietnam’s financial strategy—toward a more inclusive, tech-driven system that embraces change while mitigating risk. It introduces formal oversight for platforms that were once unregulated, creating a safer environment for both lenders and borrowers.
The policy has also been well received by regional analysts and domestic fintech leaders, who see it as an essential step to level the playing field and eliminate predatory or deceptive practices.
For investors, it’s more than a regulatory update—it’s an invitation to be part of a new financial chapter in Vietnam’s development.
GBS: Your Trusted Partner in Vietnam’s Fintech Revolution
With over two decades of experience in legal and business consulting for foreign investors, GBS stands ready to support international players looking to explore Vietnam’s newly opened P2P lending space. From initial market entry to regulatory compliance and ongoing operations, GBS offers comprehensive end-to-end support.
“Foreign investors shouldn’t see this as a short-term play,” Sophie Dao emphasized. “Vietnam is laying the groundwork for a digital economy that will thrive in the next decade—and fintech will be at its core. Those who come early, with the right local guidance, will be in a strong position to lead.”
As Vietnam takes careful, deliberate steps into the future of finance, the world is watching. And for those ready to act, the door is now open.
For consultation on entering Vietnam’s fintech sector, contact GBS at www.gbs.com.vn or reach out to Sophie Dao and her team directly.
(Vietnam Insider) – Bangkok, Thailand – May 2025 – Thailand, once the undisputed tourism powerhouse of Southeast Asia, is now facing a steep decline in international visitor numbers, forcing the government and industry stakeholders to reassess and revise their expectations for 2025.
According to data released by the Tourism Authority of Thailand (TAT), international arrivals dropped by 0.2% in the first four months of the year compared to the same period in 2024. In response, TAT has scaled back its initial goal of attracting 40 million foreign tourists this year, despite maintaining ambitions for revenue growth.
China No Longer a Stronghold
China, historically Thailand’s largest source of international visitors—accounting for 25% pre-pandemic—has seen a drastic decline. Visitor numbers from China fell by 30% in the past four months. Air travel between the two countries dropped by 25%, while flights from China to Japan and South Korea surged by 43% and 28% respectively, highlighting a shift in Chinese travelers’ preferences.
Chai Iamsiri, CEO of Thai Airways, attributed the sluggish recovery to the Chinese government’s continued emphasis on domestic tourism. The airline now operates just 35 weekly flights to China, compared to 80 before COVID-19.
TAT offices in China have also noted a worsening perception of Thailand among Chinese tourists due to high-profile incidents including kidnappings, natural disasters, and negative media coverage. These concerns have been echoed by Indian travel agents, raising alarms about broader regional reputational risks.
Losing Ground in the Region
Thailand’s regional competitors are capitalizing on the situation. In 2024, Japan surpassed Thailand in attracting Chinese tourists, hosting 6.9 million compared to Thailand’s 6.7 million. In Q1 2025, Vietnam welcomed 1.5 million Chinese visitors—outpacing Thailand and strengthening its position as a rising tourism contender.
The Federation of Thai Industries (FTI) warns that a continued downturn in tourism could trigger broader economic impacts. The U.S. government’s threat of a 36% tariff on Thai exports adds further pressure.
Tourism Industry Sounds the Alarm
Industry leaders are urging the government to move beyond marketing campaigns and address core issues like safety, pricing, and service quality. “Tourism generates trillions of baht, but the sector’s budget allocation doesn’t reflect its importance,” said Tassapon Bijleveld, Executive Chairman of Asia Aviation.
Panit Kannasut, owner of a popular Bangkok restaurant, revealed that revenues have dropped 20% since mid-March. Domestic patrons now account for 70% of her customers, with fewer foreign tourists dining out—despite it being peak season.
“Thai tourists are also cutting back on spending,” she noted. “We should stop relying solely on Chinese tourists and explore opportunities in the Southeast Asian market. The key is attracting high-quality travelers willing to spend, rather than just aiming for high numbers.”
The Road Ahead: Challenges and Opportunities
While the government has introduced initiatives like digital immigration cards to combat cross-border crime and unlicensed accommodations, experts argue these are piecemeal solutions. Thanet Supornsahasrungsi, Chairman of the Chonburi Tourism Association, stressed the need for comprehensive safety measures and diversified marketing strategies, particularly targeting travelers from Malaysia and Southeast Asia.
Analysts from KGI Securities, Maybank, and BofA have all downgraded their forecasts for Thailand’s international tourist arrivals in 2025, estimating 35–37 million visitors—well below the 40 million target.
As the peak travel season approaches, Thailand’s tourism industry finds itself at a crossroads. Bold policy interventions, improved safety, and a focus on traveler experience—not just marketing—may be essential for Thailand to regain its footing in the increasingly competitive tourism landscape of Asia.
Reported by Vietnam Insider, based on information from VnExpress and Bangkok Post
A whole life financial planning solution offering long-term protection and wealth accumulation with flexible and diverse benefits
Hanoi, 12 May 2025 – Prudential Vietnam Assurance Private Ltd. (“Prudential”) has launched a new universal life insurance product, PRU-Bảo Vệ Tối Đa (PRU-Max Protect) – Max protection value for each premium, designed to meet customer needs for long-term protection and flexible wealth accumulation options. The first product introduced by Prudential after the new Insurance Business Law took effect, PRU-Bảo Vệ Tối Đa has a maximum protection cover of 80 times the annualised target premium. In addition, the account value is maintained early in life of policy with competitive breakeven year (policy account value equals total premiums paid), guaranteed interest rates, and attractive bonuses.
Mr. Conor M. O’Neill, Chief Financial Officer of Prudential Vietnam, shared: “We are committed to being the most trusted partner and protector for our customers by flexibly meeting their needs at every significant milestone in their lives. We endeavour to be an insurer which demonstrates best practice in designing products and supports the building of confidence of Vietnamese customers in long term savings, protection, and investments.”
Amid broader inflationary pressures across the Asia-Pacific region, medical costs in Vietnam are projected to increase by 11.2 per cent in 2025, exceeding the global average of 10.4 per cent, highlighting the urgent need for sustainable protection. In response, PRU-Bảo Vệ Tối Đa is innovatively designed for customers to enjoy optimal protection benefits and sustainable financial accumulation. By participating in PRU-Bảo Vệ Tối Đa, customers can flexibly switch between the Basic Plan, which balances protection and saving, and the Advance Plan, which maximises financial protection, as their needs change, while the main product premium remains the same.
Addressing the customers’ expectations for wealth accumulation, the Policy Account Value is boosted with attractive bonuses: Loyalty bonus, awarded on the 10th and 15th Anniversary Date and every five years thereafter; Retention bonus, awarded on the 20th Anniversary Date and every five years thereafter. Moreover, the PRU-Bảo Vệ Tối Đa offers customers a sustainable financial accumulation with a guaranteed crediting rate throughout the policy period. In all cases, the actual investment rate will not be lower than the minimum guaranteed interest rate published by Prudential, ensuring a competitive market rate. The Universal Life Fund is managed by Eastspring Investments Vietnam, fund management company with the largest assets under management in the Vietnamese market, supported by a team of professional and experienced investment experts.
In addition to the above outstanding features of the product, PRU-Bảo Vệ Tối Đa also offers customers proactiveness through various flexible policy entitlements, including the ability to:
Actively increase the Policy Account Value up to five times the Annual Target Premium for the outstanding accumulation goals
Proactively increase the sum assured without medical underwriting at important milestones of life, such as marriage, childbirth/adoption, or when their child starts primary school, secondary school, high school, or university
Proactively change the sum assured and add/terminate rider(s) according to customer protection needs at each stage of life
Proactively withdraw money from the Policy Account Value according to financial needs
Customers can also add riders with reasonable costs, broad coverage and high protection benefits to enhance protection and healthcare benefits for themselves and their families.
For more details on the benefits of the PRU-Bảo Vệ Tối Đa universal life insurance product, please refer to the respective Insurance Product Terms and Conditions and receive product consultation here.
May 14 – (Vietnam Insider) – A recent report has revealed staggering data on global efforts to combat the illegal ivory trade, with Vietnam ranking among the top countries for ivory seizures between 1990 and 2024, alongside Kenya, China, and Hong Kong.
Over the 34-year period, Kenya led the world in ivory seizures, with more than 130,000 kilograms confiscated—an amount valued at up to $390 million on the black market. China followed with 106,068 kg, while Hong Kong and Vietnam recorded 75,706 kg and 71,255 kg, respectively.
These figures highlight not only the sheer scale of the illicit ivory trade but also the ongoing challenges in enforcing bans and protecting endangered elephant populations.
A Lucrative Black Market
Despite the global ban on international ivory trade under the Convention on International Trade in Endangered Species (CITES), demand persists—fueled by a thriving black market where prices range from $1,000 to $3,000 per kilogram, depending on quality and region.
The immense profit potential makes smuggling a high-reward, high-risk activity, particularly in regions with weak law enforcement, porous borders, and rampant corruption.
Vietnam’s Role: Transit Point and Market Pressure
Vietnam’s position as both a transit hub and consumer market has placed it in the spotlight. While the country has strengthened its wildlife protection laws in recent years, large-scale ivory trafficking continues to pass through its ports, often en route to China or domestic black markets.
The volume of seizures in Vietnam reflects both increased enforcement efforts and the country’s central role in regional trafficking networks, despite national and international bans.
As Vietnam continues to integrate with the global economy and enhance its environmental credentials, it faces growing international pressure to strengthen wildlife protection and play a leading role in ending the ivory trade once and for all.
Trafficking Hotspots and Systemic Challenges
Hong Kong and Singapore continue to serve as major transshipment hubs due to their strategic locations and high shipping volumes, while countries like Mozambique and Nigeria—both major sources of poached ivory—struggle with systemic enforcement barriers and limited resources.
Even with domestic ivory bans now in place in key markets like China and Hong Kong, well-funded trafficking networks remain active and agile, often adapting quickly to enforcement changes and exploiting legal loopholes.
The Call for Coordinated Global Action
This alarming data serves as a stark reminder of the urgent need for coordinated international action. Conservation experts are calling for:
Stronger enforcement mechanisms and cross-border cooperation
Tougher penalties for traffickers
Greater investment in anti-poaching technology
Demand reduction campaigns to change consumer behavior
Efforts to combat the illegal ivory trade must also address the root causes, including poverty, corruption, and weak governance in source countries.
A Shared Responsibility
The fight against wildlife crime is not one that any country can tackle alone. The illegal ivory trade remains a multi-billion-dollar global enterprise, threatening not just elephants but also regional security and rule of law.
As Vietnam continues to integrate with the global economy and enhance its environmental credentials, it faces growing international pressure to strengthen wildlife protection and play a leading role in ending the ivory trade once and for all.
Vietnam Insider will continue to follow developments on wildlife trafficking and environmental enforcement in Vietnam and across Southeast Asia.
Hanoi, May 14 – After several days of intense sunshine, northern Vietnam—including Hanoi—is set to experience a wave of rain and thunderstorms, with conditions expected to be most active during late afternoons and evenings over the next 10 days. Meanwhile, central and southern parts of the country continue to see a mix of scattered showers and rising temperatures, with localized weather risks in mountainous regions.
Northern Vietnam: Rain Returns with Storm Warnings
Starting today, May 14, scattered showers and thunderstorms will return to the Northwest and Northeast, with rainfall amounts ranging between 10–20mm, and some areas receiving more than 50mm. The showers will intensify between May 15–18, particularly in low-lying and mountainous areas, increasing the risk of localized flooding, landslides, and hail.
In Hanoi, daytime highs today are expected to reach 31–33°C, followed by scattered evening storms. The next three days (May 15–17) will see frequent rain and thunderstorms, bringing daytime highs down to 30°C. However, from May 18–19, the capital will heat up again with temperatures climbing back to 33°C, before turning dry and increasingly hot between May 20–23, with highs reaching 34°C.
Central Vietnam: A Mixed Pattern of Heat and Rain
From Thanh Hoa to Hue, daytime weather will remain mostly sunny, while evening thunderstorms are expected to be scattered, with temperatures peaking at 29–32°C.
In Da Nang and provinces down to Binh Thuan, scattered showers are forecast for the late afternoon and evening, particularly in northern coastal areas on May 16. Temperatures will hover between 31–34°C, with a heightened risk of thunderstorms bringing lightning, hail, and gusty winds.
Central Highlands and Southern Vietnam: Wet Afternoons Continue
The Central Highlands and Southern Vietnam will continue to experience their typical afternoon and evening thunderstorms over the next 10 days. In provinces such as Gia Lai and Dak Nong, rainfall totals have already topped 60mm in isolated areas this week. Heavy rain is forecast to persist, particularly from May 16–18, bringing risks of flooding, landslides, and subsidence, especially in the districts of Chư Păh, Chư Prông, Mang Yang, and Pleiku.
In the South, including Ho Chi Minh City, daily highs will range from 32–35°C, with scattered thunderstorms likely in the evenings. Notably, Hóc Môn recorded 68.4mm of rain overnight.
National Outlook: Stay Alert for Storms and Heat
May 15–18: Widespread thunderstorms expected in North and North Central Vietnam, especially at night.
May 19–20: Onset of heatwave conditions in North Central and Central Vietnam.
May 20–23: Hanoi and the North transition into a dry, sunny pattern with rising heat.
Throughout the South and Highlands: Continued pattern of humid mornings, scattered showers, and evening thunderstorms.
Safety Advisory
The National Center for Hydro-Meteorological Forecasting advises residents in storm-prone areas to:
Avoid outdoor activities during thunderstorms
Secure power lines and electrical devices
Avoid sheltering under tall trees during lightning
Watch for road flooding, fallen debris, and landslides in mountainous areas
Vietnam Insider will continue to monitor and provide updates on severe weather alerts throughout the country. Stay safe, stay informed, and plan your travels accordingly.
