Vietnam Insider - Page 84 of 1523

Vietnam Cracks Down on Illegal Currency Exchange to Curb Dollarization

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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

Advertisements

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?

Advertisements

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

Advertisements

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

Advertisements

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.

Vietnam Reports 641 COVID-19 Cases So Far in 2025, Health Officials Monitor Emerging Variants

Advertisements

HANOI — May 26, 2025 — Vietnam has recorded 641 confirmed COVID-19 cases across 39 provinces and cities since the beginning of 2025, with no fatalities reported, according to the Ministry of Health.

The highest number of cases was recorded in Hanoi (153 cases), followed by Hai Phong (138), Ho Chi Minh City (80), and Quang Ninh (46). The majority of other provinces reported fewer than 20 infections each. Although no concentrated outbreaks have been detected, health authorities have noted a slight uptick in cases over the past three weeks, especially among children hospitalized in Hanoi and neighboring areas, Dan Tri newspaper reported.

COVID-19 Trends in Asia and New Variant Surveillance

The Ministry of Health, in collaboration with the World Health Organization (WHO) and national health institutions, held a meeting on May 23 to assess the regional COVID-19 situation. While many countries in Asia — including China, Hong Kong, Singapore, and Thailand — have reported rising case numbers and hospital admissions, experts say the situation remains under control, with hospital capacity stable.

Globally, the dominant COVID-19 variant shifted in March 2025, with LP.8.1 replacing XEC. However, LP.8.1 has recently declined, while a newer strain, NB.1.8.1, is gaining attention. Identified in early 2025, this variant has shown increased transmissibility and was responsible for 10.7% of global sequencing cases by mid-May. It has been detected in 23 countries, including the U.S., UK, Australia, Japan, South Korea, and Vietnam.

In Vietnam, the NB.1.8.1 variant accounted for the majority of sequenced cases at Ho Chi Minh City’s Hospital for Tropical Diseases and Oxford University Clinical Research Unit (OUCRU) in mid-May. However, no evidence currently suggests that this or other circulating variants cause more severe illness.

Vietnam Prepares for Possible Case Increase

With the summer season approaching, the Ministry of Health warns of a potential rise in infections due to increased travel, gatherings at tourist hotspots, and crowded public spaces. While most current cases are mild, officials are urging continued vigilance.

“COVID-19 remains an endemic disease globally,” a Health Ministry spokesperson said. “We do not rule out the possibility of a further increase in infections in Vietnam in the coming weeks. However, the likelihood of a rise in severe cases is low given the nature of current variants.”

The WHO also confirmed that there are no new global alerts for COVID-19 at this time but emphasized that SARS-CoV-2 continues to evolve in unpredictable ways.

Vietnam Insider will continue to monitor COVID-19 developments closely and provide timely updates for our readers in Vietnam and abroad.

Ho Chi Minh City Unveils Bold Plan to Convert 400,000 Gasoline Motorbikes to Electric Motorbikes

Advertisements

In a major push toward sustainable urban development, Ho Chi Minh City is rolling out an ambitious roadmap to transition 400,000 gasoline-powered motorbikes to Electric Motorbikes, targeting app-based drivers and delivery riders at the heart of the initiative.

Under the proposed scheme, the city aims to offer a suite of financial and policy incentives — including low-interest loans, old bike buybacks, and VAT refunds per electric ride — to encourage drivers to make the switch to greener alternatives.

A Green Shift for Gig Workers

The initiative, led by the Ho Chi Minh City Institute for Development Studies (HIDS), is expected to launch with a detailed roadmap in July. It specifically focuses on the high-activity group of ride-hailing and delivery drivers who significantly contribute to urban emissions due to their long daily distances and peak-hour operations.

According to HIDS director Le Thanh Hai, the transition plan is designed to reduce costs for drivers and make electric motorbikes a financially viable alternative. “If drivers use their fuel savings to finance their new electric vehicles, they won’t need to make any upfront investment,” he said.
A survey of over 400 drivers revealed that they drive an average of 80–120 km per day, spending about VND 70,000–100,000 daily on gasoline — which increases by 20–40% during traffic-heavy periods. In contrast, electric motorbikes cost only around VND 20,000 per day to operate, potentially saving drivers VND 1–2 million per month.

Financing the Transition

To bridge the gap, the city is working with CEP Microfinance and several commercial banks to offer 24–30 month loan packages with repayment amounts equal to fuel savings. In addition, under Resolution 198, the city will subsidize at least 2% of loan interest rates. For instance, if a commercial loan carries an 8% rate, drivers will only pay 6%, with the remainder covered by the city budget.

Moreover, the city has proposed to the central government a range of tax and fee waivers:

VAT and registration fee exemptions for first-time electric motorbikes buyers (approx. VND 3 million per electric motorbikes)
VAT refunds for each electric ride completed — for example, VND 6,400 back on an 80,000-ride

Retiring Old Vehicles & Boosting Industry

The plan also addresses aging, non-compliant gasoline bikes, offering a buyback policy for those with high emissions or costly maintenance. Recycling businesses participating in this program will also be eligible for loan support.

To ensure a competitive, non-monopolistic market, manufacturers and electric motorbikes distributors will receive interest subsidies in exchange for reduced retail prices, allowing drivers to select from a range of quality, affordable vehicles.

Infrastructure & Support Systems

Ho Chi Minh City will also invest in essential electric motorbikes infrastructure — charging stations, rest stops, and battery-swapping services — with a strong preference for renewable energy sources. Investors in this green infrastructure will also be eligible for preferential loans.

To minimize credit risks, HIDS has proposed that the Credit Guarantee Fund partner with local authorities to help track bad debt and ensure repayment compliance.

A Step Toward Carbon Goals

According to Le Trung Tinh, Chairman of the HCMC Passenger Transport Association, the initiative is a logical step for a megacity battling high traffic emissions. Transitioning the most active segment of riders could make a significant dent in air pollution.

Companies like VinFast, through its Xanh SM ecosystem, have already deployed electric motorbikes in several provinces, creating favorable conditions for a rapid transition. Meanwhile, ride-hailing firm Be Group has taken the lead in adoption, with electric motorbikes now accounting for 10% of its 500,000-partner fleet.

Be Group is also offering purchase incentives such as:

4% discount on VinFast Feliz S
VND 3 million discount per vehicle
30% off battery-swap fees in the first year with Selex electric motorbikes

Still, companies stress the need for more support in infrastructure, software, and battery costs to ensure a smooth and sustainable rollout.

Looking Ahead

Alongside motorbikes, Ho Chi Minh City has also set a goal for 100% of its buses to run on green energy by 2030. Currently, 31% of the city’s 2,200 buses already use electric or CNG power.
This motorbike electrification campaign is a key part of HCMC’s broader Emissions Control Plan, contributing to Vietnam’s commitment to reduce greenhouse gas emissions by 9% by 2030. The city is also exploring the possibility of selling carbon credits under this initiative.

“Crypto Queen” Behind $300M Scam Busted in Bangkok After Global Manhunt

Advertisements

A dramatic international manhunt has come to an end as Thai police arrested Ngo Thi Theu, a 30-year-old Vietnamese national accused of orchestrating one of Southeast Asia’s largest crypto scams, defrauding investors of over US$300 million.

Known as “Madam Ngo”, Theu was taken into custody by Thailand’s Crime Suppression Division (CSD) on Friday at a hotel in Bangkok’s upscale Klong Tan Nuea area, following an Interpol Red Notice and a warrant issued by Hanoi authorities.

According to Vietnamese police, Theu played a central role in a sprawling transnational criminal network that tricked over 2,600 victims with promises of high returns from bogus cryptocurrency and foreign exchange investment schemes. Victims were lured with monthly profit projections of 20–30%, often endorsed by celebrities and social media influencers to boost credibility.

But the polished front hid a pyramid-style fraud. Seminars were held. Testimonies were staged. And early investors were even paid small amounts to build trust. Yet once larger investments were made, victims were ghosted — their messages unanswered, their money vanished.

Thai media outlet Khaosod reported that the network was helmed by a Turkish national and supported by 35 Vietnamese accomplices, operating through over 44 fraudulent call centers spread across Vietnam — from Hanoi and Ho Chi Minh City to Da Nang and Hoi An — and even into Phnom Penh, Cambodia. More than 1,000 staff are believed to have been involved.
Even while on the run, Theu allegedly continued to profit, receiving funds through “mule accounts” in Vietnam. These were funneled to Thai-based operatives and withdrawn in cash — typically in discreet transactions of around 1 million baht (approx. US$30,800) to avoid triggering bank alerts.

Now in Thai custody, Theu is awaiting extradition to Vietnam, where authorities are preparing to press serious criminal charges. Her arrest marks a major win in the region’s ongoing battle against crypto fraud — and a chilling reminder of how easily trust can be exploited in the digital age.

Positive Signals: U.S. Poised to Announce Major Trade Deals with Asian Partners

Advertisements

Washington, May 24, 2025 – Vietnam Insider – The United States is making significant progress in trade negotiations with several Asian countries and is expected to announce major trade agreements in the coming weeks, according to U.S. Treasury Secretary Scott Bessent.

In an interview with Bloomberg on May 23, Secretary Bessent expressed confidence that Washington will finalize several key trade deals before the 90-day tariff suspension period expires. “I feel that in the next few weeks, we will announce some major agreements. These deals are moving quickly,” he stated.

While Bessent did not name specific countries, he highlighted that India and several Asian nations have submitted “very interesting proposals” and are engaging in negotiations in good faith. He emphasized that many of America’s key trading partners in Asia are actively working toward constructive outcomes.

The momentum in the Asia-Pacific region offers a sharp contrast to the sluggish progress in talks with the European Union. Bessent pointed out the EU’s collective decision-making structure as a challenge, noting that “the EU has 27 countries but is represented by one group in Brussels,” which sometimes leads to internal disconnects during negotiations.

Despite recent threats by President Donald Trump to impose 50% tariffs on EU goods starting June 1, Secretary Bessent framed the statement as a strategic move intended to accelerate discussions in Brussels. “I hope this lights a fire under the EU,” he said.

Bessent, who has been tasked with leading trade negotiations with Asian countries, has remained optimistic about the direction of talks across the region. Meanwhile, Commerce Secretary Howard Lutnick is spearheading efforts with European counterparts.

As global trade continues to face uncertainty, the United States’ progress with Asian partners stands out as a promising development — one that could pave the way for deeper economic cooperation and mutual growth in the months ahead.

Cold Air Mass to Bring Cooler Weather and Heavy Rain to Northern Vietnam

Advertisements

Vietnam Insider — A cold air mass is currently moving southward from northern regions and is expected to impact parts of northern Vietnam starting tomorrow, May 24, according to the National Center for Hydro-Meteorological Forecasting.

The forecast indicates that the cold front will first affect the Northeastern region (Đông Bắc Bộ) on May 24, before spreading to North Central Vietnam (Bắc Trung Bộ) and parts of the Northwestern region (Tây Bắc Bộ) from May 25, as it intensifies.

As the cold air pushes southward, winds in inland areas will shift to a northeasterly direction at level 2–3, with coastal areas experiencing slightly stronger winds at level 3.

This weather change will bring a refreshing coolness to the North. Temperatures across most of the Northern region will drop, with lows ranging between 21–23°C. In mountainous areas, the mercury may fall below 20°C.

In the capital city of Hanoi, residents can expect pleasant, cooler conditions, with minimum temperatures forecasted at 22–24°C.

Accompanying the cold air will be widespread rainfall. From the night of May 23 through to the night of May 24, the Northern and North Central regions are likely to experience moderate to heavy rain, with some areas facing very heavy downpours and thunderstorms.

Authorities are advising people to stay alert for potential flash floods, landslides in mountainous areas, and localized flooding in low-lying zones.

For the latest updates, stay tuned to official weather bulletins from the National Center for Hydro-Meteorological Forecasting.

Na Tenh Pass: The Hidden Scenic Route in Cao Bang, Vietnam

Advertisements

Nestled within the mountainous province of Cao Bang in northern Vietnam, Na Tenh Pass is an under-the-radar gem for travelers and adventure seekers. Located just 15 kilometers from the famed Khau Cốc Chà Pass, Na Tênh charms with its gentle curves, verdant landscapes, and peaceful rural atmosphere — a striking contrast to the more dramatic and daunting mountain passes of the region.

A Serpentine Beauty with 20 Gentle Bend

While Cao Bang is well-known for iconic passes like the 15-level Khau Cốc Chà and the seven-tiered Ma Phuc, Na Tênh remains relatively unknown even among seasoned travelers. Found along the route from Hà Giang to Cao Bang, this mountain pass lies within Can Nong commune (Ha Quang district), bordering Xuan Truong commune (Bao Lac district).

Na Tênh boasts 20 smooth, flowing curves, weaving through rolling hills and mountain valleys like a silken ribbon. Unlike Khau Cốc Chà’s dramatic, stair-like switchbacks that cling vertically to the mountain cliffs, Na Tênh’s slopes are more forgiving — ideal for both motorcyclists and cyclists looking for a scenic and less demanding ride.

A Discovery off the Beaten Path

For adventurer Le Thanh Binh, a 29-year-old traveler from Hanoi, the discovery of Na Tênh Pass was a fortunate accident. While planning a motorbike trip through Cao Bang in late September, he spotted the snaking road on a digital map. Drawn by its elegant curves and lack of crowds, he decided to make it a highlight of his trip.

“The curves were wide and manageable, without any sharp or dangerous bends. Compared to Khau Cốc Chà, Na Tênh is much easier to ride,” Binh shared.

Nature’s Masterpiece

The charm of Na Tênh lies not only in its road design but also in its surroundings. Terraced rice fields, lush maize plantations, and tranquil mountain villages frame the pass, creating a picturesque tableau on every turn. From nearly every point along the way, travelers are rewarded with panoramic views of Cao Bang’s untouched beauty.

Between September and October, the landscape transforms into a painter’s palette of gold and green as rice fields ripen for harvest. Meanwhile, the summer months from May to July see the pass flanked by vibrant green cornfields — an ideal time for those seeking a refreshing countryside retreat.

A Cyclist’s Delight

Na Tênh Pass has also caught the attention of cycling enthusiasts like Truong Ngoc Quyen, a 27-year-old from Ho Chi Minh City. On a recent trip, he completed a scenic bike route that connected Khau Cốc Chà Pass, Xuan Truong Valley, and Na Tênh Pass.

Having conquered some of Vietnam’s most legendary mountain passes — including Ma Pi Leng, O Quy Ho, and Khau Pha — Quyen was struck by Na Tênh’s peaceful vibe. “Instead of sheer cliffs and rocky walls, you ride alongside green rice paddies, small villages, and local homes. It feels very intimate and soothing,” he said.

Though the descent is more effortless than the climb, Quyen advises caution: “You’re making 20 consecutive turns, so it’s important to stay focused. Avoid rainy days, as the road can be slippery.”

A Twin Adventure

For those making the journey, Na Tênh Pass pairs perfectly with a ride through Khau Cốc Chà. Though short at only 2.5 kilometers, Khau Cốc Chà is one of the most treacherous mountain passes in Vietnam, with 15 dramatic levels and 14 hairpin turns. Once a narrow trail, the road was widened and paved between 2009 and 2011, but it remains a magnet for thrill-seeking bikers and photographers alike.

Together, Na Tênh and Khau Cốc Chà offer a stunning blend of adrenaline and serenity — making them a must-visit duo for those seeking the lesser-known wonders of Vietnam’s northern highlands.