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Vietnam Stock Market Pauses Rally as Key Sectors Retreat; Foreign Investors Continue to Sell

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HCMC – May 29, 2025 – After four consecutive days of gains, Vietnam’s stock market lost steam today as selling pressure emerged across several major sectors, ending the VN-Index’s rally despite only a slight pullback in price.

The benchmark VN-Index, representing the Ho Chi Minh City Stock Exchange (HOSE), edged down to close at 1,341 points — a marginal drop from the previous session, but enough to snap its four-session winning streak that had lifted the index to its highest level in three years.

Market breadth remained relatively balanced, with 163 stocks advancing and 162 declining. However, among large-cap stocks, the tone was decisively negative: only 8 gained while 21 fell, signaling weakness at the top end of the market.

Banking, Steel, and Oil Lead the Decline

The banking sector, a major market pillar, saw broad losses. VietinBank (CTG) dropped 1.6% to VND 38,900, while SHB, SSB, HDB, and VIB all declined between 0.8% and 1.1%. A few names bucked the trend — notably Eximbank (EIB), which surged 5.3% to VND 22,900, and Techcombank (TCB), which rose 1% to VND 30,800.

Steel and oil & gas stocks — which had rallied strongly in recent sessions — also came under pressure from profit-taking. PetroVietnam Oil (OIL) led losses with a 2.8% drop to VND 10,300. Heavyweights PLX, BSR, and PVD each declined more than 1%.

Other cyclical sectors such as fertilizers, securities, and port logistics also slipped below their reference prices, though the corrections generally stayed under 2%.

Real Estate Shines as Market Support

In contrast, real estate provided critical support to the market. The sector was mostly positive, with only two small-cap stocks (NBB and KHG) in the red. Property developer Novaland (NVL) hit its ceiling price of VND 13,950 and closed with a buy-side surplus of over 4.8 million shares. HDC, CEO, AGG, and NLG each posted gains exceeding 3.5%.

Meanwhile, stocks associated with Vingroup Group remained resilient. While VIC held flat at VND 97,000, other group-linked shares sustained their upward momentum.

Trading Volume Softens; Foreign Investors Extend Selling Streak

Total market liquidity reached VND 20.89 trillion (approximately USD 820 million), down by around VND 1.5 trillion from the previous session. SHB led in matching order value at VND 1.06 trillion — the only stock to surpass the VND 1 trillion mark — far ahead of others such as NVL, VPB, and GEX.

Foreign investors continued to offload Vietnamese equities, extending their net selling streak to a fifth straight session. They sold a net VND 256 billion (USD 10 million) today, bringing total outflows for the week to significant levels. Key targets of foreign selling included banking giants CTG, SHB, and VPB.

While today’s session marked a pause in the VN-Index’s upward march, the overall market sentiment remains cautiously optimistic. Investors are advised to monitor sector rotations closely, especially the resilience in real estate and the evolving trend in foreign capital flows — which could influence short-term volatility.

For foreign investors eyeing Vietnam, the market remains fundamentally strong but sensitive to shifts in sector momentum and profit-taking behavior at multi-year highs.

Foreign Man Sentenced to Death for Brutally Killing Father in Ho Chi Minh City

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A tragic case of domestic turmoil turned deadly in Ho Chi Minh City, where a South Korean man has been sentenced to death for the cold-blooded murder of his own father.

The shocking incident unfolded in March 2024, when Lim Young Kwon, a South Korean national residing in Vietnam, killed his father—who had flown in from Seoul to offer guidance amid rising tensions in the family.

According to the indictment, Lim lived with his Vietnamese wife, M., and their two children in an apartment in Tan Phu Ward, District 7. On March 10, after a heated argument, Lim physically assaulted his wife and killed the family dog in a fit of rage. Distressed, M. fled the apartment with their children and contacted her father-in-law, Lim J., in South Korea.

Concerned about his son’s violent behavior, the elder Lim traveled to Ho Chi Minh City three days later, hoping to de-escalate the situation. He stayed at the couple’s apartment and tried to counsel his son over beers that evening.

Related: Korean woman killed in Vietnam robbery

But what began as a concerned father’s visit soon spiraled into a night of horror.

Later that night, after the two men had gone to bed in separate rooms, Lim Young Kwon—brooding over his father’s criticism—snapped. Convinced that his father had taken his wife’s side, he went to the kitchen, armed himself with a knife and a pair of scissors, and entered the bedroom where his father was sleeping.

What followed was a gruesome attack. Lim sat on his father and stabbed him repeatedly until the older man died from his injuries.

After the killing, Lim turned the knife on himself, slashing his hands and wrists before discarding the weapons off the balcony. He then left the apartment and collapsed on a grassy area within the apartment complex.

The next morning, security guards discovered Lim unconscious and covered in blood. After alerting local authorities, they entered the apartment with M., only to find the door unlocked and Lim J. dead inside.

Lim was immediately hospitalized and later taken into custody. After a trial that drew significant public attention, he was sentenced to death by a Vietnamese court.

The case has sent shockwaves through both the local and international communities, serving as a grim reminder of how unresolved domestic conflict can lead to unimaginable tragedy.

Frustration Grows Among Foreigners Over Vietnam’s Visa and Work Permit Barriers

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Seasoned logistics expert left waiting over six months for Vietnam entry due to rigid rules, says EuroCham

A senior logistics expert with 25 years of industry experience was forced to wait more than half a year to enter Vietnam—because his university degree was in biology, not logistics. This striking case, revealed by EuroCham, has sparked renewed concern over Vietnam’s current visa and work permit policies, particularly among foreign professionals and multinational companies.

In a formal submission to the Ministry of Home Affairs on Monday, the European Chamber of Commerce in Vietnam (EuroCham) raised serious objections to key aspects of the draft decree that aims to replace Decree 152—the regulation governing work permits for foreigners.

At the heart of the issue is Vietnam’s strict requirement that foreign experts hold formal academic qualifications relevant to their job title, even in rapidly evolving sectors such as artificial intelligence, semiconductors, and digital transformation. EuroCham argues that this outdated standard disregards real-world expertise and hampers Vietnam’s competitiveness.

“The insistence on academic degrees in fields where they didn’t even exist a decade ago is unrealistic,” said EuroCham Chairman Bruno Jaspaert. “Forcing companies to spend over six months navigating red tape just to bring in a seasoned professional undermines business efficiency and innovation.”

The concern was echoed by EuroCham Vice-Chair Nguyen Hai Minh, who highlighted a global trend where professionals often study one subject but build their careers in another. “In today’s interdisciplinary world, experience should count as much as education,” Minh emphasized during a recent policy panel.

These remarks came at a high-level dialogue co-hosted by EuroCham and the Korean Chamber of Commerce on May 16 in Ho Chi Minh City—the only public consultation so far where foreign business representatives could engage directly with government officials on this issue.

The new draft decree is expected to be submitted to the Vietnamese government by May 31, 2025. While authorities have pledged to cut administrative procedures by at least 30 percent under the Prime Minister’s reform directive, concerns remain about whether the most pressing issues raised by the international community will be addressed.

One of EuroCham’s key recommendations is to allow technical professionals with at least five years of relevant experience to apply for work permits without being required to present diplomas or formal certifications. The chamber also called for removing burdensome requirements such as company charters, and urged greater clarity around exemptions for short-term assignments and intra-corporate transferees.

Despite government assurances that the experience-versus-degree requirement is under review, many foreign investors remain skeptical. With Vietnam aiming to attract high-quality foreign talent and investment, especially in high-tech sectors, many argue that its visa and labor policies must become more aligned with global best practices.

“The intention to streamline is welcome,” said Jaspaert. “But unless these policies become truly practical and business-friendly, Vietnam risks losing out in the global competition for talent.”

Elon Musk’s X Platform Sues Eight Vietnamese for Alleged Large-Scale Click Fraud

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A lawsuit filed by Elon Musk’s social media platform, X (formerly Twitter), has ignited global attention after accusing eight individuals in Hanoi, Vietnam, of running a sophisticated click fraud scheme to exploit the platform’s revenue-sharing program.

According to The Independent, the lawsuit—recently submitted to U.S. authorities—alleges that the group operated a coordinated network of fake accounts designed to manipulate X’s monetization system. This program, championed by Musk, enables users to earn money based on engagement with their posts.

The accused allegedly exploited technical loopholes by using stolen identities to create numerous fake accounts and deployed automation software to generate AI-created content. These accounts would then interact with one another to simulate viral engagement, effectively bypassing X’s content moderation algorithms.

The individuals named in the lawsuit include Le Dinh Chung, Nguyen Nhu Duc, Do Viet Khanh, Nguyen Viet Kieu, Do Xuan Long, Do Minh Thang, Nguyen Ngoc Thanh, and Phan Ngoc Tuan. They are accused of orchestrating an organized operation to game the system for financial gain.

Le Dinh Chung, Nguyen Nhu Duc, Do Viet Khanh, Nguyen Viet Kieu, Do Xuan Long, Do Minh Thang, Nguyen Ngoc Thanh, and Phan Ngoc Tuan

X’s legal filing reveals that profits from this fraudulent activity were funneled through at least 125 U.S.-based bank accounts opened under false identities. Funds were then transferred to Vietnam via nine domestic banks, in over 1,700 transactions using real names.

Beyond manipulating the platform’s payment system, the group is also accused of commercializing their fraud techniques. They reportedly sold software, automation tools, and even online courses teaching others how to replicate the scam. Some of their YouTube tutorial videos featured X and Twitter logos, raising concerns about brand infringement.

“Automating interactions among accounts within a controlled network mirrors the way financial fraudsters fabricate trades to collect bogus commissions,” the lawsuit stated, emphasizing the complexity of the scheme.

X traced the operation using data from third-party payment platforms like PingPong and Payoneer, which helped link digital footprints to real-world identities and addresses.

This case highlights growing concerns about the vulnerability of online monetization platforms to fraud, especially when technical manipulation can be executed with just lines of code. While X has yet to issue an official statement, experts view this legal action as a potential first step in Elon Musk’s broader crackdown on abuse and exploitation of the platform’s revenue features.

Prudential và sáng kiến nhằm nâng cao nhận thức, năng lực ứng phó với biến đổi khí hậu

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Sáng ngày 27 tháng 5 năm 2025, tại trường Tiểu học Trần Văn Ơn, huyện Núi Thành, tỉnh Quảng Nam, sự kiện tổng kết chương trình “Tăng cường sức khỏe chủ động” đã diễn ra thành công với sự tham dự của hơn 500 học sinh, đội ngũ giáo viên, phụ huynh cùng đại diện Ban giám hiệu 50 trường tham gia dự án, Sở Giáo dục và Đào tạo tỉnh Quảng Nam, Phòng Giáo dục và Đào tạo Tam Kỳ, Núi Thành và Thăng Bình. Sự kiện còn có sự tham gia của các đơn vị tổ chức gồm Công ty TNHH Bảo hiểm Nhân thọ Prudential Việt Nam (Prudential), Quỹ Prudence và đối tác Trung tâm Tuổi trẻ Thành đạt Junior Achievement Vietnam (JA Vietnam).

Từ tháng 12/2024, chương trình “Tăng cường sức khỏe chủ động” được triển khai tại 50 nhà trường trên địa bàn thành phố Tam Kỳ, huyện Núi Thành và Thăng Bình tỉnh Quảng Nam. Với mục tiêu giảm thiểu các vấn đề sức khỏe gây ra bởi biến đổi khí hậu, chương trình dự kiến nâng cao kiến thức và kỹ năng của học sinh, giáo viên, phụ huynh thông qua chuỗi hoạt động đa dạng. Chương trình hướng đến xây dựng một hệ sinh thái chăm sóc sức khỏe chủ động với sự tham gia đồng hành của cả nhà trường – gia đình – học sinh. Trong đó, nhà trường đóng vai trò trung tâm – là cầu nối để duy trì và lan tỏa những tác động tích cực một cách bền vững tại cộng đồng địa phương.

Các em học sinh chụp hình kỷ niệm tại sự kiện

Ông Conor Martin O’Neill, Phó tổng giám đốc Tài chính Prudential Việt Nam chia sẻ:”Tại Prudential, chúng tôi tin rằng việc hỗ trợ sức khỏe cộng đồng, đặc biệt là cho thế hệ trẻ là một khoản đầu tư vào tương lai tươi sáng hơn. Dự án này không chỉ dừng lại ở việc nâng cao nhận thức trong các trường học; nó còn phản ánh cam kết lâu dài của chúng tôi trong việc xây dựng các cộng đồng khỏe mạnh và bền vững hơn tại Việt Nam”

Sự kiện tổng kết không chỉ đánh dấu thành quả sau một năm triển khai, mà còn là sân chơi bổ ích giúp học sinh thể hiện kiến thức và kỹ năng thông qua các hoạt động vận động, trò chơi trí tuệ và thử thách sáng tạo.

Một học sinh tiểu học tại tỉnh Quảng Nam chia sẻ: “Con rất vui khi được học những kiến thức mới. Hôm nay con được học về sức khỏe cộng đồng, con thích các bạn nhân vật hoạt hình và những câu chuyện trong sách rất hay và thú vị. Sau khi học xong, con sẽ trồng thật nhiều cây xanh, tuyên truyền bảo vệ rừng và không xả rác”

Tại sự kiện tổng kết, 50 sáng kiến tiêu biểu trong cuộc thi “Sáng kiến chăm sóc sức khỏe chủ động” đã được vinh danh, với tổng giá trị giải thưởng gần 500 triệu đồng. Trong đó, ba giải Bền vững – giải thưởng cao nhất đã được trao cho Trường Tiểu học Trần Quốc Toản, Đinh Bộ Lĩnh và Lương Thế Vinh. Thông qua việc tìm kiếm những ý tưởng sáng tạo, khả thi và có tính ứng dụng cao, cuộc thi góp phần hỗ trợ các nhà trường hoàn thiện và từng bước nhân rộng mô hình chăm sóc sức khỏe tại môi trường học đường. Đồng thời, cuộc thi cũng hướng đến việc lan tỏa tinh thần chăm sóc sức khỏe và nâng cao năng lực ứng phó với biến đổi khí hậu, góp phần xây dựng một cộng đồng khỏe mạnh và bền vững hơn.

Sau một năm triển khai, chương trình “Tăng cường sức khỏe chủ động” đã tiếp cận và giáo dục hơn 15.000 học sinh, 576 giáo viên và 561 phụ huynh thông qua các hoạt động giảng dạy, hội thảo phụ huynh và thăm khám sức khỏe.

Về Prudential Việt Nam

Công ty TNHH Bảo hiểm Nhân thọ Prudential Việt Nam (“Prudential Việt Nam”) là thành viên thuộc Tập đoàn Prudential plc, tập đoàn cung cấp các giải pháp bảo hiểm nhân thọ, sức khỏe và quản lý tài sản tại 24 thị trường trên khắp Châu Á và Châu Phi. Sứ mệnh của Prudential là trở thành người bạn đồng hành và người bảo vệ đáng tin cậy nhất cho các thế hệ hôm nay và mai sau, thông qua việc cung cấp các giải pháp tài chính và sức khỏe đơn giản và dễ tiếp cận.

Tính đến hết tháng 12 năm 2024, Prudential có số vốn điều lệ 7.698 tỷ đồng và kinh doanh tất cả các nghiệp vụ bảo hiểm nhân thọ, phục vụ hàng triệu khách hàng Việt Nam. Công ty hiện đang vận hành một mạng lưới phân phối, văn phòng rộng khắp với hơn 250 văn phòng và trung tâm chăm sóc khách hàng trên toàn quốc, cũng như thiết lập quan hệ hợp tác với 7 đối tác ngân hàng.
Với cam kết mạnh mẽ trong đổi mới, chuyển đổi số và lấy khách hàng làm trọng tâm, Prudential Việt Nam không ngừng thúc đẩy tăng trưởng bền vững, nâng cao kiến thức tài chính thông qua chương trình giáo dục tài chính độc quyền, Cha-Ching, đồng thời mang đến các giải pháp bảo hiểm nhân thọ đa dạng cho khách hàng.

Về JA Việt Nam
JA Việt Nam là một trong số 115 quốc gia thành viên trong JA Worldwide và một trong 18 thành viên của JA Asia Pacific (JA Châu Á Thái Bình Dương). Tôn chỉ và sứ mệnh của JA Vietnam là trang bị không chỉ kiến thức mà còn truyền cảm hứng cho thế hệ trẻ dám chủ động theo đuổi ước mơ để đạt được thành công trong nền kinh tế toàn cầu.

Exciting Opportunity: Top Multi-Industry Giant Sets Sights on Vietnam’s Fund Management Sector

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Hey there, Vietnam Insider readers!

Buckle up for some big news in the financial world. A powerhouse conglomerate with nearly 30 years of dominating industries like finance, real estate, energy, and investment is ready to shake things up in Vietnam’s asset management scene. This multi-industry titan is on the hunt to acquire a licensed fund management company right here in Vietnam, and it’s got its eyes set on a game-changing partnership!

With a rock-solid reputation both in Vietnam and globally, this group is diving deeper into financial services and wants a stellar fund management company to join its journey. But they’re not looking for just anyone—here’s what they’re after:

Rock-Solid Compliance: The company must hold all valid licenses from Vietnamese authorities and be squeaky clean with local laws and regulations.
Majority Ownership: They’re seeking at least a 70% equity stake transfer—ready to make a bold move!
Transparency and Trust: The ideal partner boasts strong financial performance, spotless corporate governance, and zero drama—no disputes or litigation with shareholders, clients, or partners.

This isn’t just a deal; it’s a chance to join forces with a conglomerate that means business. Expect professional, swift, and super-confidential discussions to seal the right partnership.

Got a lead or a company that fits the bill? Don’t wait—this is your moment to connect with a major player! Reach out to Dung Duong, the PIC at email: dungdn@rox.vn or his LinkedIn

Vietnam’s financial future is looking brighter, and this could be the start of something huge. Let’s make waves together—submit your proposals and join the ride!

Vietnam Cracks Down on Illegal Currency Exchange to Curb Dollarization

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Ho Chi Minh City, May 28, 2025 – Vietnam Insider – In a renewed effort to stabilize its currency and reinforce regulatory control, the State Bank of Vietnam (SBV) Branch in Region 2 has issued a strong directive targeting illegal foreign exchange activities in Ho Chi Minh City.

The move comes amid growing concerns over unregulated currency trading that threatens Vietnam’s anti-dollarization agenda.

Under the new directive, foreign exchange agents are strictly limited to buying and selling foreign currencies in cash—and only with licensed credit institutions. All other transactions outside this framework are considered illegal and subject to severe penalties.

Tightened Oversight and Market Discipline

To reinforce compliance, the SBV has rolled out two official dispatches urging all licensed credit institutions and authorized exchange agents to enhance oversight and tighten internal controls.

Each foreign exchange desk must now meet a set of operational standards, including:

Displaying official signage with the name of the authorized agent and credit institution
Clearly listing exchange rates
Being equipped with proper communication devices (telephone, fax)
Maintaining records for transparency and audit readiness

Licensed institutions are expected to conduct regular and surprise inspections, ensuring agents are operating strictly within the legal framework.

No Room for Unauthorized Transactions

The SBV reiterated that foreign exchange agents may only purchase cash from individuals and resell it to approved institutions. Any form of unauthorized trading—particularly with unlicensed parties or in the informal market—is strictly banned.

Economic entities operating as agents must also adhere to stringent infrastructure and equipment requirements, fully comply with information disclosure rules, and support inspections by regulatory bodies.

Educating the Public, Protecting the Market

As part of this regulatory push, foreign exchange agents are also responsible for educating the public and tourists—guiding them to transact only at licensed locations to avoid legal and financial risks.

The directive further encourages agents to regularly update their operational manuals and implement tighter security protocols to safeguard their operations.

Why It Matters

This move signals Vietnam’s determination to curb dollarization and strengthen control over its foreign exchange market, ensuring transparency and economic stability. For foreign visitors and expats in Vietnam, it’s a clear reminder to avoid black-market currency exchanges and use only officially sanctioned agents for all money-changing needs.

The crackdown not only supports monetary policy goals but also aligns Vietnam’s financial practices with international standards—making the market safer and more predictable for everyone involved.

Hungarian President Begins Historic Visit to Vietnam Amid Strengthening Ties

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Hanoi, May 28, 2025 – Vietnam Insider – Hungarian President Sulyok Tamás and his spouse arrived in Hanoi on the evening of May 27, beginning an official visit to Vietnam that underscores the growing strength of the Vietnam–Hungary Comprehensive Partnership.

Welcomed at Noi Bai International Airport by Vietnam’s Minister of Education and Training Nguyen Kim Son, Deputy Foreign Minister Le Anh Tuan, and Vietnamese Ambassador to Hungary Bui Le Thai, the visit comes at a momentous time as the two countries celebrate 75 years of diplomatic relations (1950–2025).

Ambassador Thai emphasized that the visit is not only a symbolic gesture but also a strategic opportunity to deepen cooperation between the two nations. “It reflects the strong political will of both countries to enhance their comprehensive partnership, established in 2018,” he noted.

Hungarian Ambassador to Vietnam Tibor Baloghdi echoed this sentiment, highlighting the enduring friendship built on mutual respect and support. “Hungary has long stood by Vietnam’s side in various sectors, and today, our two countries are important partners,” he said.

President Tamás’s visit is widely seen as a milestone that reaffirms high-level diplomatic commitment and opens new avenues for collaboration in education, trade, and technology.

His arrival is part of a broader trend of increased diplomatic engagement with Vietnam, as world leaders continue to recognize the country’s rising regional and global influence.

Biggest Gambling Nations in Asia Revealed

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In a comprehensive ranking of Asian countries with the highest number of casinos, the Philippines has emerged as the leading gambling destination in the region, boasting a total of 79 casinos across the archipelago.

This positions the country ahead of other major players like Cambodia and Macau, according to data from the World Casino Directory.

Southeast Asia Leads the Pack

The Philippines’ dominance reflects the nation’s well-developed gambling infrastructure, bolstered by both local and international tourism. Integrated casino resorts such as Okada Manila, Solaire Resort & Casino, and City of Dreams have turned Manila into a regional gaming hub.

Following closely behind, Cambodia holds second place with 48 casinos, many of which are strategically located near its borders with Thailand and Vietnam to attract foreign gamblers. Macau, China, long considered Asia’s gambling capital, surprisingly ranks third with 47 casinos, a figure that underscores its focus on high-revenue, luxury gambling rather than volume.

Vietnam rounds out the top four with 40 casinos, reflecting the country’s ongoing liberalization of gambling regulations aimed at drawing more foreign investment and tourists.

Emerging and Established Players

Other significant markets include:

South Korea (32 casinos), which maintains strict limitations on local participation,
Japan (27), a relatively new entrant that legalized integrated resorts in recent years,
India (21), where gambling is regulated at the state level with growing interest in Goa and Sikkim.

Even smaller nations such as Nepal (12 casinos) and Kazakhstan (11) have carved out a place in Asia’s gaming landscape, primarily attracting gamblers from neighboring regions.

The Bottom Tier

On the other end of the spectrum, East Timor features just one casino, while Armenia and Lebanon have two each. Despite their limited infrastructure, these countries reflect the broadening interest in casino gaming across Asia.

The rise of casino development across Asia, especially in Southeast Asia, signals a booming industry responding to rising middle-class incomes, relaxed regulations, and increasing tourism. While Macau remains iconic for high-stakes gambling, countries like the Philippines and Cambodia are setting new benchmarks in terms of accessibility and volume.

As gambling regulations continue to evolve, the regional race to attract both players and investors is far from over. The Philippines’ leading position in the number of casinos sets a strong precedent—and one that other nations may soon follow.

Vietjet Seals $2 Billion Deal for 20 Airbus A330neo Aircraft During French President’s Visit to Vietnam

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HANOI — May 27, 2025 — Vietnam’s leading low-cost airline Vietjet has inked a landmark agreement with Airbus for the purchase of 20 new-generation A330-900 aircraft, doubling its widebody orders with the European aircraft manufacturer. The deal was signed in Hanoi under the witness of Vietnamese State President Luong Cuong and French President Emmanuel Macron during his official visit to Vietnam.

The agreement marks a significant milestone in Vietjet’s decade-long strategy to expand its international network, particularly across the Asia-Pacific region and into Europe. The contract was formalized by Vietjet Chairwoman Nguyen Thi Phuong Thao and Wouter van Wersch, President of Airbus International.

“These modern Airbus aircraft, with greater efficiency and reduced fuel consumption, will be instrumental in powering our long-term growth and expanding Vietjet’s global flight network,” said Thao. “This investment also symbolizes Vietjet’s commitment to sustainable aviation and to strengthening economic and technological ties between Vietnam and France.”

Related: Bikini airline Launches Direct Flights from Hanoi to Xi’an and Chengdu

The A330-900, part of the Airbus A330neo family, is equipped with Rolls-Royce Trent 7000 engines and can fly up to 13,300 kilometers non-stop. Its Airspace cabin design delivers enhanced comfort with more space, improved lighting, and advanced in-flight entertainment systems. The aircraft is certified to operate with up to 50% sustainable aviation fuel (SAF), with Airbus targeting 100% SAF capability by 2030.

Vietjet currently operates 115 all-Airbus aircraft, including 108 A320 Family single-aisle jets and seven A330-300 widebodies. With this new order, the airline’s A330neo fleet will grow to 40 aircraft, complementing its existing order of 96 A320neo Family aircraft.

Wouter van Wersch praised Vietjet’s rapid growth and its role in redefining low-cost air travel. “Vietjet has become one of the world’s fastest-growing airlines by offering affordable fares and warm Vietnamese hospitality. We’re proud they’ve chosen the A330neo to further their success.”

The carrier has already deployed A330 widebodies on routes to Australia, India, and Kazakhstan. The new aircraft will enhance Vietjet’s ability to meet growing passenger demand on long-haul routes and reinforce its position as a key player in the global aviation landscape.

This deal not only underscores Vietjet’s ambitions but also reinforces France and Vietnam’s deepening partnership in aviation and trade amid shifting global economic dynamics.

Insider Views: Why Tourists Say Vietnam Captures Hearts While Thailand Perfects the Experience

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As Southeast Asia’s top two tourist hotspots, Vietnam and Thailand are often compared by international travelers—and in 2024, the numbers show a stark difference. Thailand welcomed 35.6 million visitors, more than double Vietnam’s 17.6 million.

Yet for many travelers, the story is more nuanced than just numbers. While Thailand impresses with polished service and convenience, Vietnam wins hearts with authenticity, warmth, and cultural depth.

Thailand: A Well-Oiled Tourism Machine

Travelers frequently commend Thailand for its seamless tourism experience. British traveler Alejandro Campbell, whose viral video contrasted the two nations, highlighted Thailand’s deep integration of tourism into its national economy. With English-speaking guides, structured tours, and aggressive marketing campaigns like “Amazing Thailand” and “Land of Smiles,” the country leaves a strong impression of professionalism.

Dutch tourist Nathalie Linden, who has visited both countries, agrees that Thailand feels easier for travelers, especially in places like Phuket, which cater specifically to international visitors. “Tourism in Thailand had a head start,” she notes, crediting its globally recognized branding and infrastructure.

Indeed, Thailand’s tourism revenues reached $60 billion in 2019, according to the World Bank, a testament to its systematic approach. With Bangkok’s BTS Skytrain handling 1.5 million passengers daily, its urban transport infrastructure gives it another edge, particularly when compared to Vietnam’s congested cities.

Vietnam: A Journey into Sincerity and Culture

Yet for all of Thailand’s convenience, it is Vietnam’s authenticity that travelers often remember most vividly. Linden recounts getting lost in the Mekong Delta, only to be helped by a kind local couple—one of many such stories of generosity. In Sa Pa, she was mesmerized by motorbike rides through terraced rice fields and the rich cultural textures of village life. At Fansipan, hotel staff went above and beyond to assist her family.

Australian traveler Grant Wilson, who has lived in both countries, says Vietnam’s charm lies in its human connection. “In Vietnam, staying at a homestay often means sharing meals with the host family. It’s not about business—it’s about bonding.”

Campbell recalls being invited for an impromptu chat by a Da Lat café owner. “There was no pressure, no awkwardness. He just wanted to practice English,” he says. These unscripted, heartfelt interactions, he adds, set Vietnam apart. “Thailand is a resort. Vietnam is real life—full of energy.”

From sipping iced tea on plastic stools in Saigon to being greeted with waves while riding past villages, many tourists say they feel like a part of the community in Vietnam—not just spectators.

The Challenges Vietnam Must Overcome

Despite its emotional appeal, Vietnam faces significant hurdles. Tourists commonly cite environmental issues like plastic waste and water pollution, especially in the Mekong Delta. Infrastructure is also a challenge—public transport is limited, and cities like Hanoi suffer from extreme congestion, recently ranking among the world’s top 20 most traffic-clogged cities in the 2024 TomTom Index.

Visa complexity further dampens Vietnam’s competitiveness. Unlike Thailand, which offers 30-day visa-free access to citizens of 60 countries, Vietnam’s more cumbersome processes deter spontaneous travel and undermine its potential as a regional travel hub.

Uncontrolled coastal development and overcrowded tourist sites, from Hoi An to Ha Long Bay, have also sparked concern among repeat visitors. Moreover, nightlife in Vietnam remains relatively underdeveloped for foreign tourists compared to Thailand’s vibrant entertainment scenes.

A Country in Transition

Still, change is underway. Vietnam is showing growing awareness of sustainability. Some hotels have begun cutting down on plastic use, and destinations like Ninh Binh and Hoi An are working on preserving natural beauty and cultural heritage. Events like the Da Nang Fireworks Festival signal Vietnam’s increasing readiness for global tourism.

Wilson believes Vietnam is evolving without losing its soul. “There’s room for improvement, but it’s catching up fast—and in a way that keeps its authenticity intact.”

Conclusion

For travelers, Thailand may offer the smoother ride, but Vietnam delivers the unforgettable journey. It’s a destination where kindness is spontaneous, stories unfold naturally, and cultural experiences feel deeply rooted. While Thailand markets itself as the “land of smiles,” Vietnam quietly earns a place in visitors’ hearts—one sincere moment at a time.

France and Vietnam Sign $10 Billion Deal Package Amid Geopolitical and Trade Tensions

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Hanoi, May 27 – France and Vietnam signed a landmark series of agreements worth over $10 billion on Monday, marking a significant deepening of ties between the two nations. The pacts, covering aviation, defence, infrastructure, space technology, and healthcare, were unveiled during French President Emmanuel Macron’s first official visit to Vietnam – the first by a French president in nearly a decade.

The visit comes at a crucial moment, as global trade tensions mount following U.S. President Donald Trump’s threats to impose 50% tariffs on European Union goods starting June 1 — now delayed to July 9. Meanwhile, Vietnam, highly dependent on exports and facing its own pressure from Washington to increase imports from the U.S., is striving to strike a balance between economic necessity and strategic diversification.

Major Contracts and Strategic Cooperation

President Macron confirmed the signing of contracts worth 9 billion euros (approximately $10.25 billion), including the purchase of 20 Airbus A330neo wide-body aircraft by VietJet, cooperation on nuclear energy and space exploration, as well as key agreements in rail and maritime transport, and the supply of Sanofi vaccines. In total, 14 deals were signed, with more expected to be announced during the second day of the visit.

A notable highlight was the deepening of defence ties. Macron emphasized a “reinforced defence cooperation,” while Vietnam’s President Luong Cuong elaborated on new initiatives in cybersecurity, counter-terrorism, strategic intelligence sharing, and joint defence industry development. Airbus Defence and Space also signed a declaration of intent for a future satellite project to replace Vietnam’s current earth-observation satellite, originally launched in 2013.

In maritime transport, French shipping giant CMA CGM announced a $600 million joint venture with Saigon Newport to construct a deepwater container terminal in northern Vietnam by 2028, underscoring France’s strategic interest in Vietnam’s growing logistics and trade infrastructure.

Geopolitics and Diplomatic Symbolism

Macron’s Southeast Asia tour, which includes stops in Indonesia and Singapore, aims to reaffirm France’s engagement in the Indo-Pacific region. Speaking in Hanoi, he reiterated France’s commitment to freedom of navigation in the South China Sea — a critical issue for Vietnam in its ongoing territorial disputes with China.

France, which once ruled Vietnam as a colony until its defeat at Dien Bien Phu in 1954, has seen a gradual warming of diplomatic and economic ties. The relationship was officially upgraded to Vietnam’s highest diplomatic tier in 2023.

While symbolic moments — including a light-hearted incident involving First Lady Brigitte Macron on arrival — attracted attention online, the visit’s substantive outcomes signal a calculated and strategic pivot by both nations. France is asserting its global influence amid strained EU-U.S. trade relations, while Vietnam is leveraging international partnerships to navigate complex economic and geopolitical challenges.

As European leaders quietly caution Hanoi against overconcessions to Washington, the Airbus deal is viewed as a strategic counterbalance to recent Vietnamese overtures to Boeing, which may include the purchase of up to 250 American aircraft.

Conclusion

President Macron’s Hanoi visit cements a new chapter in Franco-Vietnamese relations, aligning economic cooperation with broader geopolitical aims. With multi-sector agreements and strengthened defence ties, both nations are positioning themselves to thrive in a shifting global landscape marked by trade realignments and strategic recalibrations.

More announcements are expected on Tuesday, as Macron continues his tour with a visit to a Hanoi university before heading to Jakarta.

As a foreign visitor, what do you love most about Hanoi?

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As international arrivals to Hanoi surged in the first five months of 2025, foreign tourists are showing a clear preference for immersive and culturally rich experiences in Vietnam’s capital city.

According to the Hanoi Department of Tourism, more than 3.16 million international visitors came to the city between January and May 2025 — a 20.2% increase over the same period last year. The majority of these travelers were drawn to heritage-rich attractions, traditional cuisine, craft villages, and vibrant night-time experiences.

Cultural Heritage and Local Life Top the List

Foreign tourists, particularly from key markets such as Japan, South Korea, China, France, and the United States, are highly impressed by Hanoi’s ability to balance historical depth with modern vibrancy. Popular activities include exploring the city’s iconic heritage sites, strolling through age-old villages known for traditional crafts, sampling authentic Vietnamese dishes, and engaging in after-dark cultural performances.

“These are the core ‘touchpoints’ that create lasting impressions on visitors,” said officials from the Department of Tourism. “They’re not just sightseeing — they’re experiencing.”
Night Experiences on the Rise

One trend drawing increasing interest is Hanoi’s nightlife tourism, especially in areas like Hoan Kiem and Tay Ho districts. From night markets and lakeside cafés to traditional water puppet shows and folk music performances, visitors are keen to see how the city transforms after sundown.

Tourists have also praised the sense of safety and community hospitality, often remarking on the warm, helpful nature of locals and the ease of exploring Hanoi on foot — even at night.

Strategic Vision for Tourism Growth

In the second half of 2025, Hanoi’s tourism authorities are focusing on five core strategies: Improving governance and regulations; Developing diverse and high-quality tourism products; Expanding promotion and marketing abroad; Accelerating digital transformation; Creating a safe, civilized travel environment

Key initiatives include promoting ethnic cultural experiences, expanding agricultural and community-based tourism, boosting health and wellness offerings, and developing the MICE (Meetings, Incentives, Conferences, and Exhibitions) segment.

Efforts to digitize the visitor experience are also underway. These include smart tourism apps, digital destination maps, and virtual reality tours, designed to enhance visitor engagement and improve tourism management.

Regional Linkages and Global Outreach

To strengthen its tourism appeal, Hanoi is forming product chains with other provinces, promoting spiritual and cultural tours through routes such as Hanoi–Ha Nam–Ninh Binh and adventure experiences along Hanoi–Lao Cai–Lai Chau.

International marketing will be ramped up through promotional campaigns in France, Italy, Switzerland, and participation in global tourism fairs, including:

ITB Asia 2025 (Singapore)
IMEX Frankfurt 2025 (Germany)
Tourism Expo Japan 2025 (Aichi)
Top Resa 2025 (France)
European Handicrafts & Gifts Expo 2025

A Positive Outlook for the Year Ahead

In May alone, Hanoi welcomed 2.72 million visitors, including 500,000 international arrivals (up 25% YoY). Total tourism revenue for the month hit VND 10.54 trillion (~USD 415 million), a 19% increase from the same period in 2024.

With strong momentum and a forward-thinking development strategy, Hanoi is well-positioned to solidify its status as a leading tourism hub in Southeast Asia — one that offers a sustainable, modern, yet culturally distinctive experience for travelers from around the world.

Vietnam Named Among World’s Best Retirement Destinations

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HANOI — May 26, 2025 — Vietnam has been ranked among the world’s most ideal and safest countries for retirees, according to the latest report by International Living, a leading publication that specializes in global retirement and lifestyle guidance for expats.

As more retirees seek a peaceful lifestyle, affordable living, and a welcoming environment abroad, Vietnam has emerged as a top contender — even surpassing the United States in certain key areas.

“We only recommend places where our on-the-ground contributors genuinely feel safe in their day-to-day lives,” said Jennifer Stevens, Editor-in-Chief of International Living. “Safety is no longer a luxury — it’s a baseline requirement.”

That sentiment is echoed by Sharyn Nielsen, an Australian expat who relocated to Ho Chi Minh City with her husband.

“We feel safer here than we did back home,” she shared. “We’ve never been robbed or felt threatened since arriving in Vietnam. Walking in the park at night — something unthinkable in many Western cities — is completely normal here.”

Sharyn also highlighted the friendliness of the local community, recalling an instance when a stranger at a café advised her to put her phone away to avoid petty theft — a gesture she interpreted as protective rather than intrusive.

Why Vietnam Stands Out for Retirees

In addition to its strong safety record, Vietnam offers a combination of factors that make it especially attractive for foreign retirees:

Low cost of living, especially compared to Western countries
Improving healthcare infrastructure and access to private medical services
Rich culinary scene with healthy and diverse local cuisine
A growing, vibrant expat community, particularly in cities like Da Nang, Hoi An, Ho Chi Minh City, and Hanoi

Whether retirees are looking for a bustling urban lifestyle or a tranquil coastal retreat, Vietnam provides a range of living options that suit different preferences and budgets.

Ranked Among Global Favorites

The International Living report also highlights other retirement-friendly countries such as Portugal, Malaysia, Ireland, Spain, Italy, Greece, Costa Rica, Uruguay, and Bali (Indonesia) — all of which scored higher than the United States in the Global Peace Index, a key indicator of safety and stability.

Vietnam’s consistent rise on such global rankings reflects its growing appeal not just as a travel destination but as a long-term haven for retirees seeking security, affordability, and cultural richness.

As Southeast Asia continues to open its doors to international retirees, Vietnam is proving itself to be not just an affordable choice — but a smart one.

Two Vietnamese Police Officers Stripped of People’s Police Title for Drug Use

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Two commune-level police officers in Vietnam’s south-central Binh Dinh Province have been officially dismissed and stripped of their People’s Police title after testing positive for illegal drug use during a surprise inspection.

According to sources from Dan Tri newspaper, the Binh Dinh Provincial Police Department issued disciplinary decisions against the two officers, citing violations of both national law and internal police regulations.

One officer was stationed at Canh Hien Commune Police, and the other was serving at Canh Hoa Commune Police, both located in Van Canh District.
The disciplinary action follows a random drug test carried out by authorities as part of a broader internal campaign aimed at preventing and cracking down on drug abuse within the People’s Public Security Forces.

Provincial police authorities emphasized that the Ministry of Public Security has strict policies in place for detecting and addressing drug-related offenses among law enforcement personnel. Any confirmed instance of illegal drug use is met with immediate disciplinary measures, including expulsion from the force.

In addition to professional consequences, party disciplinary action is also underway. A senior official from the Van Canh District Party Committee confirmed receipt of the official notice from the provincial police and stated: “The Party Committee is currently implementing disciplinary procedures in accordance with Party regulations for the two Party members involved.”

This incident highlights the Vietnamese government’s ongoing commitment to upholding strict standards of conduct within the police force, particularly amid rising public concern over drug-related crimes and the integrity of law enforcement personnel.