Vietnam Insider – A new U.S. entry ban on nationals from 12 countries, issued by U.S President Donald Trump, officially takes effect today, June 9.
Under the executive order, citizens from Afghanistan, Myanmar, Chad, the Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen are now prohibited from entering the United States.
In addition, entry restrictions have been partially imposed on citizens from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela.
President Trump stated that the countries facing the strictest bans were identified as either having a “significant presence of terrorist elements,” failing to cooperate on visa security matters, lacking the ability to verify the identities of visa applicants, maintaining inadequate criminal records systems, or exhibiting high rates of visa overstay violations in the U.S.
Trump cited a recent incident in Boulder, Colorado, where an Egyptian national threw a Molotov cocktail at pro-Israel demonstrators, as an example of why the new restrictions are necessary. However, Egypt was not included in the list of banned countries.
The ban is part of Trump’s broader immigration policy agenda, reminiscent of his controversial 2017 travel ban targeting citizens from seven Muslim-majority countries during his first term.
The move has sparked backlash from both foreign officials and affected communities. Chad’s President, Mahamat Idriss Déby Itno, announced a reciprocal response by suspending visa issuance for U.S. citizens.
“Chad may not have planes to offer or billions of dollars to invest, but we have dignity and pride,” Déby posted on Facebook, in an apparent reference to countries like Qatar, which recently gifted a luxury aircraft to the U.S. and pledged major investments.
Meanwhile, former Afghan employees of U.S. government-backed projects have expressed deep concern, fearing they may be forced to return to Afghanistan where they risk Taliban retaliation.
The policy has also drawn criticism from Democratic lawmakers in the U.S. Representative Ro Khanna denounced the measure on social media, calling it “draconian and unconstitutional,” and affirming that “people have the right to seek asylum.”
Analysts suggest that, beyond national security concerns, the travel ban may also serve other political purposes—such as fulfilling campaign promises or leveraging diplomatic pressure in pursuit of economic, military, or trade agreements.
Vietnam is steadily rising in the global manufacturing value chain, shifting from traditional low-cost assembly to technology-driven, vertically integrated production. A prime example of this transformation is THACO Industries, a key sub-holding of THACO Group, operating out of Chu Lai – Quang Nam Economic Zone in central Vietnam.
Originally known for assembling vehicles, THACO has evolved into one of the country’s most advanced auto components manufacturing companies. It is now positioning itself as a credible supplier to international OEMs by investing in R&D, high-tech machinery, and closed-loop production systems.
A Vertically Integrated Manufacturing Model Backed by Scale
THACO Industries spans a vast 320-hectare facility, developed through an investment of $1 billion USD. This site supports centralized production across multiple sectors—mechanical engineering, supporting industries, and automotive components—with each unit operating semi-independently but under a unified industrial group.
The company’s vertically integrated ecosystem enables it to manage every phase of the production lifecycle: from product design and mold creation to mechanical processing, assembly, and delivery. Facilities include a mechanical center, automotive component production lines, plastic injection molding, glass tempering for automotive glass, wiring and cable harness lines, and trailer manufacturing. This level of integration reduces dependency on subcontractors and ensures consistency across quality, lead times, and compliance requirements.
In this video, we explore THACO’s advanced production lines, in-house R&D, and OEM manufacturing capabilities—offering a rare glimpse into one of Vietnam’s most sophisticated industrial hubs.
R&D Investment and Machinery Specialization
A core pillar of THACO’s strategy is its R&D Center, which underlines the company’s ambitions to be more than a contract manufacturer. The center supports prototyping, mold development, and engineering services in alignment with international standards. These services allow for localization of designs, faster time-to-market, and customization for export markets.
On the shop floor, THACO operates twelve fiber laser cutting machines, five-face CNC milling systems, and over one hundred robotic welding arms as part of its Mechanical Center. Additional infrastructure includes a shot blasting booth, ED coating, powder coating, and a conveyor-based final assembly line.
The Automotive Component Manufacturing Plant is equally equipped with advanced tools, including stamping machines with capacities ranging from 500 to 6,300 tons, high-tonnage plastic injection machines of 3,200 and 2,000 tons, and ten automotive painting robots. One standout capability is its investment in a 3D glass tempering furnace, showing THACO’s capability in manufacturing safety-certified automotive glass.
Production Capacity and Product Diversification
Credit in Thaco Industries : Guillaume Rondan, CEO of MoveToAsia
THACO Industries demonstrates considerable scalability in output and product variety. Each year, the company processes 300,000 tons of steel and manufactures approximately 500,000 mechanical products. It produces 2,000 mold sets annually and up to 12 million plastic injection parts, serving both industrial and automotive sectors.
In addition, the company manufactures 30,000 semi-trailers and 800,000 vehicle body frames and components. It has a production capacity of 450,000 automotive glass sets annually, along with 60,000 car seat units and 300,000 seat covers. The plant also produces 1.5 million gear shift covers, reflecting its capacity to serve a broad range of component needs at high volumes. >> Related article:Inside a Vietnam Mattress Factory: Enhanced Quality Through Technology
Serving Global OEMs and Multi-Sector Demand
THACO Industries has positioned itself as a trusted supplier to several high-profile OEMs. Its components are integrated into the supply chains of KIA, Mazda, Peugeot, Toyota, Ford, Hyundai, Isuzu, and Piaggio. These partnerships demonstrate THACO’s credibility and alignment with international quality and design expectations.
Beyond automotive, THACO serves a variety of industries with its mechanical parts and systems. These include agriculture, construction, furniture, electronics, and industrial plastics. The company’s export products range from chassis frames and automotive body parts to fuel tanks, trailers, seat assemblies, and structural components. Its global market presence includes North America, Japan, South Korea, Australia, and several ASEAN nations.
Digital Transformation and Global Standard Compliance
THACO has invested significantly in digital infrastructure to enhance its operational efficiency and transparency. Its deployment of ERP (Enterprise Resource Planning), MES (Manufacturing Execution System), and SCADA (Supervisory Control and Data Acquisition) platforms allows for real-time monitoring, predictive maintenance, and data integration across departments. These technologies are critical for foreign clients who demand supply chain visibility and traceability.
In terms of compliance, THACO meets a wide range of international certification standards. These include ISO 9001 for quality management, ISO 14001 for environmental management, ISO 14067 for carbon footprint control, and ISO 45001 for occupational health and safety. For the automotive sector, the company is certified under IATF 16949 and ECE R43 for automotive glass. In addition, THACO complies with REACH, RoHS, and CE marking requirements for products exported to Europe.
The company’s quality control processes are further reinforced by in-house testing systems. Equipment includes hardness testers, ultrasonic weld point inspection machines, optical emission spectrometers, and flammability test units. Other tools include tensile and compression machines, seat frame testers, and abrasion testing instruments—ensuring that each component adheres to stringent quality benchmarks before reaching the client.
Credit in Thaco Industries : Guillaume Rondan, CEO of MoveToAsia
Rather than simply being a supplier with excess capacity, THACO represents a high-potential strategic partner for foreign OEMs exploring alternatives to China. Its end-to-end production model, coupled with international certifications and capacity for customization, positions it as a viable player for complex component manufacturing and product localization.
THACO’s selectiveness in choosing its clients reflects its commitment to long-term, high-quality partnerships. Rather than operating as a mass-market subcontractor, the company engages with buyers who are aligned on quality expectations, forecasting discipline, and a shared vision for growth. This approach not only ensures reliability and consistency across projects but also fosters mutual investment—laying the foundation for durable, trust-based collaboration with foreign OEMs.
Final Thought: A Future-Ready Manufacturing Platform
THACO Industries illustrates Vietnam’s emergence as a serious destination for value-added manufacturing. Its combination of infrastructure, R&D, vertical integration, and international compliance places it in a unique position to support OEMs looking for high-quality, scalable suppliers outside of traditional hubs.
As the global supply chain continues to rebalance, THACO represents a manufacturing platform capable of serving both regional and global markets. For companies interested in sourcing automotive components or building partnerships with an established automotive manufacturing plant in Southeast Asia, THACO is one of Vietnam’s most credible candidates for long-term collaboration.
Hanoi, June 6 — AEON Financial Services Co., Ltd. (N) has issued an official notice revealing accounting irregularities related to its acquisition of Post and Telecommunication Finance Company (PTF) in Vietnam, a transaction previously conducted with Southeast Asia Commercial Joint Stock Bank (SeABank).
According to the announcement, AEON Financial Services signed a share transfer agreement with SeABank in October 2023 to acquire 100% of PTF’s equity.
“However, we discovered significant discrepancies between the disclosed accounting information prior to the contract and the actual financials,” AEON Financial Services stated. “As a result, we have officially notified SeABank and requested that the agreement be declared null and void.”
The acquisition was finalized on February 3, 2024, with PTF becoming a consolidated subsidiary of AEON Financial Services. However, during the Post-Merger Integration (PMI) process, AEON identified inappropriate accounting transactions that had occurred prior to the deal’s completion.
In response, AEON Financial Services promptly launched an investigation with support from local legal counsel. On June 6, 2025, the company formally submitted a request to invalidate the share transfer agreement with SeABank.
As of now, SeABank has not issued any official response regarding the matter.
Previously, it was announced that AEON Financial Services had agreed to acquire PTF for VND 4.3 trillion (approx. USD 180 million) through a 100% share transfer agreement signed on October 20, 2023. The deal was approved by the State Bank of Vietnam (SBV) on December 30, 2024.
According to SeABank, the divestment was part of a strategic roadmap approved by its General Meeting of Shareholders, aimed at restructuring capital sources, strengthening financial capacity, expanding scale, investing in technology, and promoting business growth.
In addition to the share transfer, SeABank and AEON Financial Services also signed a memorandum of understanding on strategic cooperation to deepen their partnership and leverage their respective strengths, with the shared goal of contributing to the development of Vietnam’s financial market.
Currently, PTF has a charter capital of VND 1.55 trillion, employs nearly 2,000 people, and serves close to 200,000 customers across 30 provinces and cities in Vietnam.
Source: Doanh Nghiệp & Kinh Doanh | Edited by Vietnam Insider
Border guards in Lao Cai Province have arrested a Chinese national for allegedly smuggling and attempting to circulate counterfeit currency at the Lao Cai International Border Gate.
On June 5, Lieutenant Colonel Vu Tran Minh Dat, Chief of the Border Post at the Lao Cai International Border Gate, confirmed that his unit had officially launched a criminal investigation into the offense of “Possession, Transportation, and Circulation of Counterfeit Currency” under Vietnamese law. One suspect, a Chinese citizen, has been taken into custody.
The arrest followed a joint operation on May 29 involving the Lao Cai International Border Gate Border Post, the Drug and Crime Prevention Division of the Lao Cai Border Guard Command, and Lao Cai International Customs. The suspect, identified as Bai Dung, an ethnic Han Chinese born in 1990 and a resident of Yan’an City, Shaanxi Province (China), was apprehended after exhibiting suspicious behavior while entering Vietnam using a valid passport.
Shortly after crossing the border, Bai Dung went to an area in front of Sapaly Hotel in Lao Cai City, where he exchanged 2,000 counterfeit Chinese yuan for 7 million Vietnamese dong, and then attempted to exchange an additional 3,000 yuan for more than 10 million dong at a neighboring stall.
Authorities quickly detected the counterfeit nature of the Chinese currency and took the suspect and related evidence into custody for further investigation.
During interrogation, Bai Dung admitted he was fully aware the currency was fake but entered Vietnam under the guise of tourism to intentionally circulate the counterfeit notes. Upon arrest, authorities found him in possession of over 18,000 Chinese yuan in 100-yuan denominations—of which 185 notes were counterfeit and only two were genuine.
The Lao Cai Provincial Forensic Department and Agribank’s local branch have confirmed the counterfeit status of the seized notes. Based on these findings, investigators determined there were grounds to prosecute for offenses under Clause 3, Article 207 of Vietnam’s Penal Code, which pertains to the possession, transportation, and circulation of counterfeit money.
As a result, the Lao Cai International Border Gate Border Post has formally initiated legal proceedings and transferred the case to the appropriate authorities for prosecution.
The Ministry of Education and Training (MOET) of Vietnam has officially authorized three foreign educational accreditation organizations to conduct operations and quality assurance assessments within the country.
The decision, signed by Deputy Minister Hoang Minh Son on June 16, marks the first time that international quality assurance agencies have been granted recognition to evaluate and accredit higher education institutions and programs in Vietnam.
The approved agencies are FIBAA, AQAS, and ASIIN, all based in Germany. Each has been granted a five-year license to operate in Vietnam.
FIBAA (Foundation for International Business Administration Accreditation) is authorized to assess and accredit Vietnamese higher education institutions and programs in fields such as law, business and management, and social and behavioral sciences. Currently, nine undergraduate and graduate programs at Vietnamese universities have been accredited by FIBAA.
ASIIN (Accreditation Agency for Degree Programs in Engineering, Informatics, Natural Sciences and Mathematics) is approved to conduct evaluations and accreditation for programs in natural sciences, engineering, mathematics and statistics, computer science and IT, as well as educational sciences and teacher training.
AQAS (Agency for Quality Assurance through Accreditation of Study Programs) is authorized to evaluate and accredit higher education institutions and academic programs in accordance with Vietnamese regulations across various disciplines.
This development reflects Vietnam’s commitment to enhancing international cooperation and aligning its higher education quality standards with global best practices.
The once-close alliance between two of America’s most influential figures— President Donald Trump and tech billionaire Elon Musk—has rapidly deteriorated into an escalating war of words with potentially far-reaching consequences.
When Power and Wealth Collide
What happens when one of the world’s most powerful political leaders and one of its wealthiest entrepreneurs clash publicly? The unfolding drama between Donald Trump and Elon Musk offers an answer—one marked by high-stakes threats, political intrigue, and market turmoil.
Their relationship, previously built on mutual respect and political cooperation, has taken a sharp turn. Trump recently took to his social media platform Truth Social to suggest terminating billions of dollars in government contracts and subsidies benefiting Musk’s companies, especially SpaceX.
“The easiest way to save billions in the federal budget is to cut subsidies and contracts to Elon,” Trump wrote in a pointed post.
The impact was immediate. Tesla shares plunged 14% on June 5, highlighting the real-world ramifications of the feud.
Musk Strikes Back
But this was no one-sided attack. Musk fired back strongly—calling for Trump’s impeachment, daring him to follow through on budget cuts, and threatening to accelerate efforts to phase out NASA’s reliance on SpaceX’s Dragon spacecraft, a critical link to the International Space Station.
Moreover, with vast financial resources, Musk hinted he could support political candidates poised to challenge the Republican Party in the upcoming midterm elections.
Later on June 5, Musk dropped a bombshell, vaguely implying—without providing evidence—that Trump might have ties to undisclosed documents involving the late convicted sex offender Jeffrey Epstein.
White House Responds
Trump’s press secretary, Karoline Leavitt, dismissed Musk’s actions as a “disappointing spectacle,” suggesting the tech mogul was frustrated because Trump’s “Big and Beautiful” legislative proposal did not include provisions favoring his business interests.
What started as quiet tension a week earlier exploded into open conflict on June 4 and peaked the following day, coinciding with German Chancellor Friedrich Merz’s state visit to Washington.
Trump appeared caught off guard by Musk’s opposition to his proposed legislation. The former president denied allegations that he owed his 2020 electoral performance to Musk’s financial support and accused the billionaire of turning against him over potential Republican plans to reduce electric vehicle subsidies—an essential factor for Tesla’s business.
Musk responded via X (formerly Twitter), stating that he cared little about subsidies and was more concerned about reducing the U.S. national debt, which he sees as a major existential threat.
A Rapidly Unraveling Alliance
The Trump-Musk partnership once seemed unshakable. Musk had even been given special government status as a “special employee,” overseeing the White House Office of Government Efficiency (DOGE), which spearheaded major budget cuts and agency closures during Trump’s first 100 days in office.
Just last week, Musk ended his 130-day tenure in that role. Their parting was, at the time, marked by a celebratory exchange in the Oval Office, complete with symbolic “golden keys to the White House”—a nod to future collaboration.
That door now seems firmly closed.
“Elon and I used to have a great relationship,” Trump remarked, his emphasis on “used to” underscoring the rupture.
What Comes Next?
With Musk’s deep pockets and influence, observers are asking how this fallout might shape the 2026 midterm elections. He has the means to support candidates and causes that could shift the political landscape—potentially to the detriment of Trump and the Republican Party.
In response, Trump may double down by targeting Musk’s remaining allies in government or further disrupting his business ventures.
Democrats, for now, are watching from the sidelines. While they have not openly embraced Musk—despite his past support—they recognize the strategic value of his opposition to Trump.
“This is a zero-sum game. Anything Musk does that helps the Democrats inherently hurts the Republicans,” said Democratic strategist Liam Kerr in an interview with Politico.
While the ultimate outcome remains unclear, one thing is certain: this political feud between two of America’s most prominent figures is far from over—and it’s bound to keep shaking up Washington in the weeks and months ahead.
Reporting by Vietnam Insider, based on sources including BBC and Politico.
Authorities in Vietnam have detained a 37-year-old man after he allegedly threatened to kill his girlfriend with knives following her refusal to accompany him to a motel.
Nguyen Chi Minh, a resident of Phu Hoa District in Phu Yen Province, was taken into emergency custody by local police on charges of issuing death threats, according to a statement from the Phu Yen Provincial Police Investigation Agency.
The incident reportedly occurred on the evening of May 28, during a karaoke outing where Minh and his girlfriend, identified as Ms. H., had a heated argument. Minh insisted that she go to a motel with him, but when she refused, the confrontation escalated. Minh threw a wet towel in her face, prompting Ms. H. to slap him in response.
Angered, Minh returned home, armed himself with two knives, and came back to the karaoke venue to threaten Ms. H.‘s life. However, the establishment’s staff intervened and prevented a possible attack.
Over the following days, Minh continued to send threatening messages and phone calls to both Ms. H. and her family, prompting her to block his number out of fear for her safety. On June 4, Minh allegedly arrived at her residence on a motorbike, carrying the two knives, but only encountered her sister. Ms. H. later reported the threats to police.
Phu Yen police confirmed that Minh tested positive for methamphetamine and described his behavior as “extremely dangerous.” He is now under urgent detention while the investigation continues.
This incident has raised broader concerns in Vietnam about gender-based violence and the need for stronger protection measures for women facing domestic or relationship-related threats.
Vietnam Insider – Not all toxic relationships are loud, violent, or dramatic. Sometimes, they creep in quietly—disguised as love, concern, or care—while slowly eroding your self-worth and peace of mind.
For many people, especially in cultures that value endurance and sacrifice, recognizing a toxic relationship can be difficult. But the signs are often there—subtle, persistent, and emotionally draining.
Here are 10 red flags that may indicate you’re in a toxic relationship, and what they might mean for your emotional well-being.
1. You feel emotionally drained after spending time with them: Instead of feeling calm or energized, you’re left exhausted after every encounter. Being with them feels like a performance, not a partnership.
2. You’re no longer yourself around them: You modify your words, hide your feelings, or suppress parts of your identity just to avoid upsetting them. Over time, you lose touch with who you really are.
3. You feel guilty even when you’ve done nothing wrong: They manipulate situations so that you’re always the one apologizing. You internalize blame, constantly questioning if you’re good enough.
4. You walk on eggshells when speaking to them: You overthink every word or reaction out of fear it might be misinterpreted or trigger their anger. Communication becomes more about avoidance than connection.
5. They manipulate your emotions (gaslighting): They deny things they’ve done, twist the truth, or make you question your reality. You’re left feeling confused, anxious, and unsure of your own perceptions.
6. They control you under the guise of “care”: From dictating what you wear to who you talk to, their concern turns into control. Slowly, your personal freedom is stripped away.
7. They make you feel dependent or unworthy without them: Instead of empowering you, they reinforce the belief that you’re too weak to leave, or that no one else will love you.
8. You constantly sacrifice your needs to keep the peace: You compromise over and over again, but your sacrifices are never acknowledged—let alone reciprocated. It’s always expected, never appreciated.
9. You fear losing them—even though they’re the ones hurting you: You stay not because of joy, but because you’re afraid of being alone, starting over, or the pain of separation.
10. When you think of the future, you feel anxious or hopeless: Instead of feeling inspired, your shared future feels like a dead-end—filled with fear, confusion, and uncertainty
What Should You Do If This Feels Familiar?
If these signs resonate with you, it’s important to pause. Not to assign blame or shame, but to ask yourself: “Am I honoring my feelings, boundaries, and values in this relationship?”
Relationships are meant to uplift, support, and inspire. If a connection leaves you feeling small, anxious, or broken, it might be time to reassess—not just the relationship, but also what you truly deserve.
You are not alone, and support is available. Whether through trusted friends, a therapist, or support communities, reaching out is a powerful first step toward healing and reclaiming your voice.
For more stories and insights about life, relationships, and emotional wellness in Vietnam, follow Vietnam Insider.
Recent court ruling in Da Nang sets an important precedent for labor rights protection
A Vietnamese court recently ruled in favor of a worker whose employment was wrongfully terminated, ordering the employer to pay significant compensation. The case is a powerful reminder for all foreign workers in Vietnam: knowing your rights under local labor laws is essential to protect yourself and ensure fair treatment.
The Case: A Wake-Up Call for Employees and Employers
On May 27, the People’s Court of Son Tra District in Da Nang heard a labor dispute between a local company, Hoang Viet Quan Co., Ltd., and Ms. H.T.N., a Vietnamese worker whose employment was unilaterally terminated.
The company had signed a labor contract with Ms. N. on August 7, 2024, and later terminated the contract on November 29, citing underperformance. However, the court found that the termination did not comply with Vietnamese labor law and ordered the company to compensate the employee.
The compensation package included Six months’ salary; Social, health, and unemployment insurance contributions for the period the employee was unable to work; An additional two months’ salary as stated in the labor contract
The total compensation amounted to over VND 36.8 million (approx. USD 1,450), which the company is required to pay upon the court decision taking effect.
Key Takeaways for Foreign Workers in Vietnam
According to Sophie Dao, Lawyer and Senior Partner at GBS – Global Business Services, a firm specializing in supporting foreign investors and professionals in Vietnam:
“This case reinforces that Vietnam’s labor laws are designed to protect all workers—local and foreign—against unfair treatment or unilateral contract termination. But you must know your rights to enforce them.”
Here’s what every foreign professional working in Vietnam should keep in mind:
1. Ensure You Have a Written Labor Contract
Your contract should clearly define job scope, salary, working hours, benefits, and termination clauses.
It must comply with Vietnam’s Labor Code and be registered with the relevant authorities if required.
2. Termination Must Follow Due Process
Employers must justify termination with valid reasons, follow warning protocols, and respect notice periods (typically 30–45 days).
Unlawful termination can lead to court-mandated compensation of up to 2 months’ salary, back pay, and insurance contributions.
3. Social Insurance and Work Permit Are Your Rights
Foreign workers are entitled to health insurance, social insurance, and unemployment insurance, depending on their residency status and work permit.
Make sure your employer registers your work permit and pays into the insurance system.
4. Seek Legal Assistance When in Doubt
If you face unfair treatment, contract violations, or illegal termination, seek help from a legal advisor, your embassy, or local labor federations.
Vietnam’s courts are increasingly siding with employees in cases of labor rights violations.
Final Thought
While Vietnam offers growing opportunities for international talent in sectors like manufacturing, fintech, and semiconductors, protecting your rights starts with knowledge and preparation. Whether you’re signing your first contract or facing an employment dispute, don’t hesitate to ask questions or seek legal advice.
For foreign workers looking to better understand their employment rights in Vietnam, GBS provides legal advisory and dispute resolution support. You can contact them at info@gbs.com.vn for confidential consultations.
HANOI, June 5 — Vietnam is poised to become more competitive in attracting global expertise, as the Ministry of Home Affairs has proposed a groundbreaking policy to shorten the work permit issuance time for foreign workers from up to 36 days down to just 10.
The move, currently under review by the Ministry of Justice, is part of a broader national strategy to draw in high-level professionals in key sectors such as semiconductors, artificial intelligence (AI), and digital transformation.
If approved, the new policy will streamline administrative procedures, enhance workforce flexibility, and directly support foreign-invested enterprises looking to mobilize talent quickly for time-sensitive projects.
Commenting on the proposal, Sophie Dao, Lawyer and Senior Partner at GBS – Global Business Services, welcomed the reform:
“This is a significant and much-needed improvement. Reducing permit processing time shows that Vietnam is serious about building an innovation-driven economy and supporting global investors. At GBS, we believe this reform will substantially lower entry barriers for high-caliber professionals and offer our clients faster, smoother market entry.”
The draft decree also introduces broader eligibility criteria. Foreigners with only a university degree may now qualify as experts without requiring work experience—especially in prioritized fields such as finance, science, technology, and innovation—provided their credentials align with Vietnam’s national development goals or intergovernmental agreements.
Additionally, the proposal empowers key ministries such as the Ministry of Education and Training, and the Ministry of Science and Technology, to directly endorse experts for permit eligibility. A special clause also enables the government to make exceptions for unique or urgent cases based on recommendations from the Ministry of Home Affairs.
Vietnamese and foreign businesses alike have expressed strong support for the changes. HR leaders from major electronics manufacturers like LITEON Vietnam emphasized the importance of foreign experts in helping upskill local staff and ensure timely project implementation in fast-moving sectors.
The proposed reforms come as Vietnam continues to position itself as a regional hub for advanced manufacturing and digital innovation. By the end of 2024, nearly 162,000 foreign nationals are expected to be working in Vietnam, with over 149,000 requiring work permits.
As Ms. Sophie Dao added:
“Vietnam is sending a clear message: we are open, we are ready, and we welcome global expertise. This is an exciting time for foreign professionals and investors looking to be part of Vietnam’s next growth chapter.”
For more information or support on work permits and market entry in Vietnam, contact GBS at www.gbs.com.vn.
In today’s hyper-distracted, content-saturated world, getting ahead isn’t about having the most ideas or the loudest voice. It’s about clarity, execution, and the ability to build what others only dream about.
While most chase trends or vanity metrics, the top 1% focus on three unshakable pillars: Mindset, Skill Stacking, and Monetization.
Here’s a breakdown of how to systematically rise above 99% of people — not with fluff, but with focused, revenue-driving action.
1. Mindset: Operate in Builder Mode
The right mindset is the foundation for everything. Without it, no strategy or tool will help you succeed.
Clarity = Cashflow: If you can’t explain what you do in a single line, you’re not ready. Clarity kills confusion and opens the door to momentum.
Velocity > Vision: Ideas are cheap. What matters is how fast you can test, ship, and iterate. Don’t get stuck overthinking — progress loves action.
Block the Noise: No Slack. No email. No scrolling before 11 a.m. Create a distraction-free window to build, think, and ship what matters.
2. Skill Stacking: Learn What Pays
To become irreplaceable and valuable, stack skills that compound and create leverage in the market.
Storytelling Sells: Information isn’t enough. You need to turn attention into belief — and belief into buying. Learn to sell through stories.
Offer Architecture: It’s not about landing pages. It’s about structuring your offer like a real business: pricing, positioning, and product-market fit.
Technical Fluency: You don’t have to code, but you must understand systems — payments, automation, integrations — to scale effectively.
3. Monetization: Systems Over Hustle
Don’t just work hard. Work smart. Build monetization systems that remove friction and convert attention into income.
Fix Your Payment Flow: Most leave 12% on the table by not optimizing payment infrastructure. Use BNPL (Buy Now, Pay Later), saved cards, and retries.
Sell the Result: People don’t want your coaching or product — they want the outcome it delivers. Sell transformation, not features.
Leverage Buy Now, Pay Later: If your offer is $2K+, let customers finance it. Most high-ticket products are won at checkout, not during the pitch.
Execution Habits That Set You Apart
To apply the above effectively, cultivate habits that support performance and eliminate waste:
Build Before You Scroll: No notifications. No dopamine loops. Wake up, lock in, and build the one thing that drives revenue.
Treat Speed Like a Skill: Speed isn’t recklessness — it’s efficiency. Launch fast, learn in motion, and adjust as you grow.
Track Cash, Not Content: Vanity metrics like likes and follows don’t matter if they don’t lead to revenue. Measure results, not noise.
Final Thought
Getting ahead of 99% of people isn’t about luck or hustle. It’s about building with intention. Start with clarity, move with speed, and focus on what actually pays. Stack valuable skills, remove distractions, and design monetization systems that scale.
When you live in builder mode — not consumer mode — you don’t just compete. You lead.
Vietnam has officially scrapped its decades-old two-child policy in a bold attempt to reverse declining birth rates and confront the looming economic challenges of an aging population.
The National Assembly passed amendments this week removing restrictions that previously limited families to one or two children, state media reported. The decision marks a significant shift in population policy for the Southeast Asian nation, which is now grappling with fertility rates falling below replacement level.
Vietnam joins a growing list of Asian countries—including Japan, South Korea, and China—facing sharp demographic decline. However, unlike its wealthier peers, Vietnam is still a developing economy, making the implications of a shrinking and aging workforce even more pressing.
From Population Boom to Birth Slump
Vietnam introduced its two-child limit in 1988 amid concerns about population pressures as the country transitioned from decades of war to economic reform. The policy helped curb explosive growth, with the population rising from about 62 million in the late 1980s to just over 100 million in 2023.
But in recent years, birth rates have steadily declined—from 2.11 children per woman in 2021 to just 1.91 in 2024—despite relatively high levels compared to regional counterparts like Japan and South Korea. The fall reflects broader lifestyle and economic trends, including urbanization, rising living costs, and shifting attitudes toward family life.
“I want to give my son the best possible education and future,” said Nguyen Thu Linh, a 37-year-old marketing manager in Hanoi. “But with today’s pressures, having a second child feels overwhelming—financially and emotionally.”
A Race Against Demographic Time
Vietnam’s so-called “golden population” period—when the working-age population outweighs the dependent population—began in 2007 and is expected to end around 2039. By 2042, the labor force is projected to peak, and by 2054, the total population could begin to shrink.
Economists warn that without a younger generation to support its aging citizens, Vietnam’s economic momentum could slow dramatically. “This policy reversal is crucial,” said one demographer. “But the challenge now lies in encouraging young families to have more children.”
Gender Imbalance and Cultural Pressures Persist
Compounding Vietnam’s demographic woes is a persistent gender imbalance. Cultural preferences for sons have led to skewed sex ratios, despite legal bans on sex-selective abortions and pre-birth gender disclosure. Authorities are now considering tripling penalties for those who attempt to select a baby’s gender to discourage the practice.
Lessons from Across Asia
Vietnam’s shift mirrors policy rollbacks in China, which relaxed its one-child policy to allow two children in 2016 and three in 2021—though with limited impact on birth rates. Japan, meanwhile, reported its 16th straight year of declining births in 2024, hitting a record low of 686,061 newborns. The country’s fertility rate has now fallen to 1.15, and experts forecast Japan’s population could decline to 87 million by 2070, with 40% over the age of 65.
As policymakers across Asia scramble to avert demographic collapse, Vietnam’s decision to abandon its two-child policy marks a pivotal moment. However, experts warn that changing policies is only the first step—addressing the economic burdens and cultural shifts discouraging larger families will be vital to reversing the trend.
The United States and Vietnam are set to hold a new round of trade negotiations by the end of next week, according to Vietnam’s Ministry of Industry and Trade. The announcement comes as both nations face growing pressure to reach a compromise before the potential reinstatement of steep U.S. tariffs on Vietnamese exports in early July.
This will mark the third round of bilateral trade talks, although specific dates and the venue have not yet been disclosed. The talks follow Vietnam’s formal response to a comprehensive list of trade-related requests from Washington, which include efforts to reduce Vietnam’s dependence on Chinese-sourced materials and components.
The ministry’s statement was released after a high-level meeting in Paris on Wednesday between Vietnamese Trade Minister Nguyen Hong Dien and U.S. Trade Representative Jamieson Greer. Both sides reportedly agreed to accelerate technical negotiations and “maximize efforts” to secure meaningful progress during the upcoming discussions.
Vietnam reiterated its “determination and goodwill” in addressing the pending trade issues but did not provide details on the specific concessions it may be willing to offer.
U.S. negotiators are pressing for results ahead of a self-imposed July deadline, after which a temporary pause on reciprocal tariffs—impacting 46% of Vietnamese exports—may be lifted. These tariffs were introduced as part of a broader realignment of trade policy under the Trump administration, aimed at countering unfair trade practices and supply chain dependencies.
The U.S. has also urged Vietnam to clamp down on illegal transshipment activities, where goods from China are rerouted through Vietnam to evade American tariffs. In response, Hanoi has launched investigations and enforcement actions and has signaled openness to importing more U.S. products, including agricultural goods, aircraft, and energy—although no major purchase agreements have been finalized.
Vietnam remains highly reliant on the U.S. as its top export destination, while also depending on imports of raw materials and components from China for its export-driven manufacturing sector.
The upcoming talks are seen as pivotal to maintaining stable trade relations between the two countries, particularly amid a shifting global trade landscape and tightening U.S. trade scrutiny in Asia.
Vietjet, Vietnam’s leading low-cost airline, has announced the appointment of a former German Vice Chancellor to its Board of Directors, marking a bold move in its ongoing international expansion strategy.
Philipp Rösler – the newly appointed board member, aged 52, is of Vietnamese origin and will serve a term until 2027. Born in Soc Trang Province in Vietnam’s Mekong Delta, he was adopted and raised in Germany, where he pursued a career in medicine before transitioning to politics.
His distinguished political career includes roles as Germany’s Minister of Health (2009) and Vice Chancellor (2011), where he simultaneously held posts as Minister of Economics and Technology and Minister of Health. After retiring from politics in 2014, he held senior positions at major German corporations, including Siemens, Deutsche Bank, and Lufthansa.
Prior to his appointment at Vietjet, he served as an independent director at another airline since 2023, offering strategic guidance on expanding international partnerships, particularly in Europe and the Asia-Pacific.
Vietjet also announced changes to its board structure, with Donal Boylan, Luu Duc Khanh, Chu Viet Cuong, and Nguyen Thanh Hung stepping down from the board to take on roles in the airline’s newly established Founding Council.
At the company’s annual general meeting last week, Chairwoman Nguyen Thi Phuong Thao, Vietnam’s richest woman, unveiled ambitious plans to expand the airline’s global footprint. This includes the launch of new international routes and a major fleet expansion—doubling its wide-body aircraft to 40, under a recently signed agreement with Airbus.
The appointment of the former German Vice Chancellor underscores Vietjet’s commitment to strengthening its international leadership and boosting global investor confidence as it accelerates its global growth.
Vietnamese police have arrested a South Korean national wanted by Interpol in connection with a multimillion-dollar international investment fraud ring.
The suspect, Hong Sangwoo, 38, was taken into custody in Lam Dong Province, home to the popular tourist city of Da Lat, under an international arrest warrant issued by Interpol in September 2024.
According to Interpol, Hong was a key member of a sophisticated scam syndicate based in Cambodia. He was allegedly responsible for recruiting, training, and managing South Korean operatives, while also serving as a Korean-Chinese translator within the criminal network.
The syndicate impersonated British asset management firm Janus Henderson Group, luring victims—mostly in South Korea—via the popular messaging app KakaoTalk. Victims were invited into fake investment chat rooms and convinced to install a fraudulent stock trading app, promised with “high returns and absolute safety.”
Hong Sangwoo at a police station in Lam Dong Province, home to Da Lat City. Photo by Le Tien
Authorities estimate that the scheme defrauded investors of approximately 7 billion Korean won (US$5.2 million).
Hong had been on the run and was believed to be hiding in Vietnam. Based on intelligence shared by Interpol, Vietnamese authorities successfully located and arrested him this week.
The arrest highlights Vietnam’s growing cooperation in international law enforcement and its commitment to cracking down on transnational financial crimes. Extradition proceedings are currently underway.
