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

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

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

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

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

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

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

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

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

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

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

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

Beyond Fireworks: A Night of Music and Magic

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

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

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

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

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

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

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

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

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

Long-Term Fundamentals Remain Strong

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

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

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

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

Structural Drivers and Wealth Expansion Fuel Growth

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

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

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

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

Outlook: Risks Acknowledged, Resilience Expected

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

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

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

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

Vietnam Airport Security Officer Assists Foreign Traveler in Recovering Lost Backpack

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

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

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

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

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

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

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

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

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

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

Rising Demand from Vietnam’s Agri-Food Sector

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

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

Complementary Trade Relations

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

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

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

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

Future Outlook and Challenges

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

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

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

Reported by Vietnam Insider News Desk

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

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

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

Business Position: Expanding Market Share and Diversified Revenue Streams

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

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

Capital and Profitability: Strong Buffers and Sustainable Earnings

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

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

Risk Profile: Prudent Credit Management and Improved Asset Quality

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

Liquidity and Funding: Diversified Sources, Strong CASA

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

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

Outlook: Pathway to Potential Upgrade

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

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

Reported by Vietnam Insider News Desk

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

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

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

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

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

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

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

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

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

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

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

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

Reported by Vietnam Insider News Desk

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

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

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

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

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

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

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

Vietnam’s Hanoi and Ho Chi Minh City Airports Rank Among Southeast Asia’s Busiest in 2025

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Vietnam continues to solidify its position as a key aviation and tourism hub in Southeast Asia, with Tan Son Nhat International Airport in Ho Chi Minh City and Noi Bai International Airport in Hanoi both making the list of the region’s busiest airports in 2025.

Ho Chi Minh City handled 2.24 million passengers, while Hanoi welcomed 1.78 million, reflecting the country’s accelerating economic growth and rising international tourism appeal.

Leading the region, Singapore’s Changi Airport reclaimed its top position with a remarkable 3.59 million passengers, reaffirming its status as Southeast Asia’s premier aviation gateway and global transit hub.

Southeast Asia’s Busiest Airports in 2025

Kuala Lumpur International Airport (KLIA) followed with 3.23 million travelers, just ahead of Jakarta’s Soekarno-Hatta International Airport, which saw 3.14 million passengers. Thailand’s Suvarnabhumi Airport ranked fourth with 3.11 million, continuing to serve as a vital node in Bangkok’s dual-airport system alongside Don Mueang Airport, which ranked ninth with 1.65 million.

The Philippines’ Ninoy Aquino International Airport in Manila claimed the fifth spot with 2.78 million passengers, reflecting ongoing growth in air travel despite infrastructure limitations.

Indonesia stood out with three airports in the top ten: Jakarta (3.14M), Denpasar–Bali Ngurah Rai (1.31M), and Makassar Sultan Hasanuddin (979K), underscoring the importance of air travel across the archipelagic nation.

Vietnam’s strong performance in 2025 highlights the continued expansion of its aviation sector and reinforces its growing importance in Southeast Asia’s travel and logistics landscape.

Trump Demands Iran’s Unconditional Surrender; Iran’s Supreme Leader Vows Ruthless Retaliation

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The U.S. President Donald Trump has issued a stark warning to Iran, demanding its “unconditional surrender” amid escalating conflict between Iran and Israel.

In a post on June 17, Trump declared that “Iran must cease all hostile activities and surrender unconditionally to the strength and demands of the civilized world. Our patience is not unlimited.”

The remarks come as Israeli-Iranian aerial hostilities enter their sixth consecutive day.

Taking to his social media platform, Truth Social, Trump added: “We know exactly where Iran’s Supreme Leader is hiding. We won’t strike—for now. But our patience is wearing thin. Surrender unconditionally.”

In response, Iran’s Supreme Leader Ayatollah Ali Khamenei took to X (formerly Twitter) with a fiery rebuttal. He wrote: “With the help of Allah and a coming victory, Iran will defeat Israel. The war has begun. We will retaliate against Israel without mercy.”

The exchange marks a sharp escalation in rhetoric between the two long-time adversaries and reflects the increasing volatility of the Middle East amid deepening regional conflict.

Unilever to Expand Investment in Vietnam with $104.5 Million Capital Injection

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Unilever Vietnam is set to increase its investment capital to VND2.7 trillion (approximately USD 104.5 million) for the expansion of its manufacturing facility in Ho Chi Minh City, according to a recent environmental impact assessment report.

Located in the Northwest Cu Chi Industrial Park, the 11-hectare factory will undergo significant upgrades, including the installation of a new production line with an annual capacity of 14,000 tons of liquid sorbitol—a critical raw material used in the company’s oral care brands such as P/S, Close Up, and Pepsodent.

Related: Here’s how to invest into Vietnam as foreigners

The strategic expansion aims to enhance Unilever’s supply chain resilience by securing a stable, in-house source of sorbitol and reducing dependence on external suppliers. Unilever confirmed that the sorbitol produced will be used exclusively for internal manufacturing and not for commercial sale. The factory’s total annual toothpaste output is expected to remain steady at 60,000 tons.

The development schedule includes facility renovations from April to December 2025, equipment installation from October 2025 to February 2026, followed by trial operations through April 2026. The upgraded facility is expected to be fully operational by April 2026.

This capital increase underscores Unilever’s long-term commitment to Vietnam and highlights the country’s strategic role in the company’s regional production network.

What to Know About Vietnam Cycle Expo 2025

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The Vietnam Cycle Expo 2025, one of the country’s largest international exhibitions for bicycles, electric bikes, electric motorcycles, motorbikes, and related accessories, is set to take place in Ho Chi Minh City from August 14 to 16, according to the Vietnam News Agency.

The expo will host more than 400 booths showcasing innovative products from leading Vietnamese and international manufacturers. Attendees can expect to see cutting-edge designs, enhanced product quality, and the latest in sustainable and “green” transportation technologies.

Beyond the product displays, the event will also serve as a forum for industry professionals to discuss emerging trends in eco-friendly mobility and offer a platform for new brands to make their debut.

Vietnam Cycle Expo 2025 will be held in conjunction with the Vietnam Sport Show 2025, an international exhibition focused on sports, fitness, and outdoor entertainment. Together, the two events will feature over 500 booths and are expected to attract more than 20,000 visitors over the three-day program.

This combined event offers a unique opportunity for business networking, market exploration, and consumer engagement across the cycling and sports industries.

How to leave Israel via safe routes

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The Vietnamese Embassy in Israel has urged Vietnamese nationals to “proactively prepare and seek ways to leave Israel via land routes,” and has launched an online registration form to support those wishing to evacuate.

In a statement issued on June 17, the embassy said: “In light of the current situation and to ensure the safety of Vietnamese citizens in Israel, the Embassy of Vietnam advises citizens to actively prepare and explore ways to exit Israel via land border crossings—particularly toward Jordan or Egypt—when security conditions allow.”

To facilitate assistance, the embassy has opened an online registration form for those intending to return to Vietnam or travel to a third country. The deadline to register is 3:00 p.m. local time (7:00 p.m. Hanoi time).

The embassy will compile a list of registrants and coordinate with relevant authorities to develop appropriate support plans based on the needs of different groups and depending on the evolving security situation.

The embassy also advised Vietnamese citizens in Israel to strictly comply with local security regulations, stay fully prepared with essential supplies in case of emergency evacuation or temporary shelter, especially if their homes are damaged and uninhabitable. Citizens are encouraged to maintain regular contact with the embassy.

The notice warned that the risk of casualties and property damage in Israel may increase due to recent missile attacks from Iran, with central and northern regions remaining high-risk areas.

As of March 2025, there are approximately 700 Vietnamese nationals residing in Israel.

Meanwhile, in Iran, Ambassador Nguyen Luong Ngoc confirmed that the Vietnamese community remains safe, mentally stable, and in frequent contact with the embassy. There are currently 38 Vietnamese citizens in Iran, including embassy staff, local residents, and short-term visitors. The embassy in Iran is also working closely with Vietnamese authorities, local agencies, and relevant countries to implement necessary citizen protection measures, including evacuation plans if required.

Emergency Contacts:

In Israel:

Mr. Tran Van Giooc, First Secretary
Phone: +972-555-025-616 | Email: giooctv.mofa@gmail.com

Ms. Nguyen Thuy Anh, Second Secretary
Phone: +972-52-727-4248 | Email: anhnguyen.mofavn@gmail.com

Ms. Nguyen Bich Thuy, First Secretary
Phone: +972-50-878-3373 | Email: thuynb.mofa@gmail.com

In Iran:

Vietnamese Embassy Hotline in Iran: +98-933-965-8252 or +98-991-205-7570

How the Middle East Conflict Could Impact Vietnam’s Stock Market

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Experts say any potential market downturn would likely be short-lived, while oil and gas stocks may benefit in the near term.

As geopolitical tensions between Israel and Iran escalate, concerns are mounting over the potential impact on global financial markets, including Vietnam’s stock exchange. Yet, experts suggest the effects may be limited and short-term—particularly if the conflict remains contained within the region.

Geopolitical Tensions Aren’t the Only Market Driver

On June 17, Israel launched a large-scale airstrike on Iran, prompting an emergency national security meeting called by U.S. President Donald Trump. While dramatic, such developments may not have a lasting impact on stock markets, according to Nguyen Viet Duc, Head of Digital Sales at VPBank Securities (VPBankS).

Drawing from historical data, Duc noted that most geopolitical conflicts over the past 50 years have caused market volatility lasting only one or two sessions—unless they escalated significantly or involved direct U.S. military action.

“If the conflict remains regional, the primary impact would likely be seen in oil prices, not in global equity markets,” Duc said. In contrast, when the U.S. becomes directly involved, such as after the 9/11 attacks or the Gulf War in 1992, markets tend to see a deeper correction of 10–11%, with recoveries taking up to 70 days.

Currently, global markets seem to be pricing in a scenario where the conflict is contained within the Middle East and the U.S. stays on the sidelines. Oil prices remain around $70 per barrel—lower than the 2024 average. Duc added that as long as prices stay within the $70–$80 range, the overall impact should be manageable.

More notably, he emphasized that major downturns in stock markets tend to stem from macroeconomic factors, such as the 2008 global financial crisis or Vietnam’s 2022 bond market turmoil, rather than from armed conflicts.

Capital Flows and Market Sentiment

Analysts at Agriseco Securities echoed this view, pointing out that short-term risk aversion could lead to capital outflows—both direct and indirect—from financial markets located in or near the conflict zone.

Heightened geopolitical risks may also lead global investors to be more cautious with high-risk assets. If the conflict disrupts global supply chains and drives up energy prices, inflation could rise, potentially delaying interest rate cuts from major central banks like the U.S. Federal Reserve or the European Central Bank. Such developments could trigger negative reactions in global markets, indirectly affecting Vietnam’s bourse.

Still, historical data shows that both the Dow Jones and Vietnam’s VN-Index have typically rebounded within 10–20 sessions following geopolitical shocks.

Oil and Gas Stocks Surge Amid Conflict

From late last week into early this week, oil and gas stocks on the HoSE and HNX exchanges have seen a flurry of activity. Some tickers even hit the daily ceiling two sessions in a row.

According to Duc, the rally in energy stocks was anticipated. “Even before the conflict began, we had identified oil and gas as an attractive sector based on solid earnings, low valuations, and strong cash flow. This momentum only accelerated once geopolitical risks surfaced.”

Agriseco forecasts that the stock market may experience short-term declines due to rising concerns over the conflict’s escalation. However, markets are expected to stabilize and resume their upward trend shortly thereafter. The initial drop, they suggest, could present a buying opportunity for long-term investors targeting fundamentally strong companies with growth potential.

Why Vietnam’s Market May Remain Resilient

Vietnam’s stock market is relatively insulated from the Israel-Iran conflict. Trade and investment ties with the Middle East remain minimal, and there is virtually no direct exposure to either Israel or Iran.

Moreover, in a world increasingly wary of geopolitical instability, Vietnam’s reputation for political stability may position it as a safe haven for investors and global manufacturers looking to diversify supply chains away from high-risk regions.

Two Foreign Nationals Tricked by “Easy Job, High Pay” Scam Found Lost in Vietnam

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While patrolling along National Highway 1A, traffic police in Ha Tinh Province discovered two young foreign men walking in a disoriented and exhausted state. The individuals later confessed they had been deceived into entering Vietnam illegally with false promises of lucrative and easy jobs in a third country.

On June 16, the Traffic Police Division of Ha Tinh Provincial Police reported that two Chinese nationals had been found walking barefoot along National Highway 1A. According to their statements, they had been misled into illegally crossing into Vietnam through the Lang Son border gate, en route to another country, under the guise of employment opportunities offering “light work and high salaries.”

The incident occurred on June 13, during a routine patrol in Ky Tho Commune, Ky Anh District. Officers noticed two young men walking against traffic on the highway. They were dressed only in shorts, without shoes, and appeared visibly fatigued and lost.

Police identified the two individuals as Zhang Zhenglong (born in 2005) and Li Miao (born in 2006), both Chinese nationals. The pair claimed they had been lured by a group of fellow Chinese into crossing the border illegally, hoping to reach another country for better job prospects.

After entering Vietnam, the two managed to escape from their handlers while passing through Ha Tinh and began walking in search of help.

The patrol team provided them with food and water before handing them over to local authorities in Ky Tho Commune and the Ha Tinh Provincial Immigration Department. The case is now under further investigation and will be handled in accordance with Vietnamese law.

Vietnam’s Ministry of Industry and Trade Proposes Import Tax on Low-Value Foreign Goods Sold via E-commerce Platforms

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Vietnam’s Ministry of Industry and Trade has proposed the imposition of import taxes on low-value goods—under VND 1 million (approx. USD 40)—sold through cross-border e-commerce platforms. The move aims to curb the influx of cheap, low-quality foreign products and safeguard domestic production.

The proposal was submitted as feedback to a draft decree by the Ministry of Finance, which currently recommends exempting import tax on e-commerce orders valued at VND 1 million or less. Under this draft, individuals and organizations would also be subject to an annual tax-exempt cap of VND 48 million (approx. USD 1,900).

However, the Ministry of Industry and Trade opposed this exemption, arguing that allowing duty-free entry for such goods undermines local producers and risks market saturation with substandard imports. The Ministry noted that several countries in the region—such as Thailand, Indonesia, Singapore, and Malaysia—have tightened tax regulations and technical inspections on low-value cross-border e-commerce imports for similar reasons.

“This approach helps prevent the widespread presence of cheap, poor-quality foreign products and ensures a level playing field for domestic manufacturers,” the Ministry stated. It also highlighted that major economies, including the United States, are adopting reciprocal tax measures to revive local industries.

Foreign Sellers Gaining Ground on Vietnamese E-commerce Platforms

According to e-commerce analytics platform Metric, foreign sellers now account for nearly 11% of total storefronts on Shopee Vietnam, offering products at an average price of VND 43,682 (less than USD 2) with a wide variety of models and styles.

Despite these concerns, the Ministry of Finance maintained in its explanatory notes that e-commerce transactions typically involve low-volume, personal-use items, making licensing and regulatory compliance impractical. The ministry emphasized that the proposed VND 48 million annual threshold would already discourage mass tax-free imports while allowing Vietnam’s cross-border e-commerce to grow in alignment with global trends.

However, the Vietnam Chamber of Commerce and Industry (VCCI) has also voiced opposition, stating that the VND 1 million threshold for tax exemption could perpetuate tax policy imbalances and put local manufacturers at a disadvantage.

VCCI cited data showing that most cross-border e-commerce orders fall below the VND 1 million mark. In 2024 alone, more than 324 million imported products were sold on Shopee, generating VND 14.2 trillion in revenue. This translates to an average product value of just VND 43,682, meaning the majority of these imports would remain untaxed under the current draft.

Moreover, VCCI pointed out that while domestic manufacturers must pay import duties on raw materials, tax-free treatment of competing finished goods from abroad creates a significant disparity, giving foreign sellers a competitive edge.

As Vietnam’s e-commerce sector continues to boom, the policy debate over tax fairness and the protection of local industries is gaining urgency.