President Xi Jinping pays state visit to Vietnam

Advertisements

At noon local time on April 14, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and President Xi Jinping, arrived in Hanoi on a special plane to pay a state visit to Vietnam at the invitation of To Lam, general secretary of the Central Committee of the Communist Party of Vietnam (CPV), and Luong Cuong, president of the Socialist Republic of Vietnam. In a written speech at the airport, Xi sent his sincere greetings to the Vietnamese people and said he looked forward to taking this visit as an opportunity to break a new blueprint for building a community of destiny between China and Vietnam with the Vietnamese side.

On the afternoon of the 14th, President Xi Jinping held talks with General Secretary of the Central Committee of the Communist Party of Vietnam (CPC) To Lam at the CPC Central Committee’s residence, proposing to enhance strategic strength, jointly oppose unilateral hegemony, safeguard the global free trade system and the stability of the industrial chain supply chain and put forward a six-point initiative on deepening the construction of the China-Vietnam community of destiny, including enhancing a higher level of strategic mutual trust, constructing a stronger security barrier, expanding a higher quality of mutually beneficial cooperation, tying up a wider range of public opinions, and strengthening the relationship between China and Vietnam. After the talks, the general secretaries of the two parties witnessed the display of 45 bilateral cooperation texts signed by China and Vietnam, covering areas such as connectivity, artificial intelligence, customs inspection and quarantine, trade in agricultural products, culture and sports, people’s livelihoods, human resource development, and media. The two sides issued the Joint Declaration of the People’s Republic of China and the Socialist Republic of Vietnam on Continuously Deepening the Comprehensive Strategic Partnership and Accelerating the Construction of the China-Vietnam Community of Destiny of Strategic Significance.

That evening, President Xi Jinping met with Vietnamese Prime Minister Pham Minh Chinh,and the Chairman of the National Assembly of Vietnam Tran Thanh Man. At the meeting with Prime Minister Pham Minh Chinh, President Xi affirmed Vietnam’s progress in political and social stability, achievements in renovation and upgrading of its international status, stressing that the two sides should strengthen strategic collaboration, deepen comprehensive strategic cooperation, serve their respective modernization processes, and make the fruits of building a community of destiny between China and Vietnam better benefit the people of the two countries. During his meeting with President Tran Thanh Man, President Xi Jinping pointed out that both China and Vietnam are at a critical period of development and revitalization, and should strengthen their road and system confidence, enhance unity and cooperation, and continue to deepen the construction of the strategically important China-Vietnam community of destiny.The two sides agreed to take the 75th anniversary of diplomatic relations and the China-Vietnam Year of People-to-People Exchanges as an opportunity to carry forward the “red gene” , enhance the friendship between the two countries’ people, especially the young generation, and push forward China-Vietnam relations to a stable and far-reaching future.

General Secretary of the Communist Party of Vietnam (CPC) Central Committee To Lam said that General Secretary Xi Jinping’s visit has given strong impetus to the development of China-Vietnam relations, and that Vietnam is ready to work with the Chinese side to implement global development initiatives, global security initiatives, and jointly defend international justice. Vietnamese Prime Minister Pham Minh Chinh said Vietnam-China cooperation will bring more benefits to the two peoples and help regional peace and stability. National Assembly Chairman Tran Thanh Man emphasized that Vietnam-China friendship and cooperation is the common aspiration of the two peoples, and the Vietnamese side is willing to strengthen exchanges between legislatures to guarantee the results of cooperation.

China Orders Airlines to Halt Boeing Deliveries Amid Escalating Trade Tensions

Advertisements

As trade tensions with the United States continue to escalate, Beijing has issued a directive requiring Chinese airlines to suspend all new deliveries of Boeing aircraft.

According to Bloomberg, citing sources reported by Reuters on April 15, the Chinese government has ordered domestic airlines to stop purchasing aircraft equipment and components from U.S. companies. This move is seen as a direct response to Washington’s recent decision to impose a sweeping 145% tariff on Chinese goods. In retaliation, China announced its own 125% tariff on U.S. imports over the weekend.

The new tariffs could significantly inflate the cost of manufacturing aviation parts and aircraft in the U.S., making Boeing deliveries increasingly unviable for Chinese carriers. The Chinese government is reportedly exploring financial support measures for airlines leasing Boeing aircraft, which now face a surge in operational costs.

Industry data from Aviation Flights Group shows that around 10 Boeing 737 aircraft are scheduled for delivery to Chinese airlines, including China Southern Airlines, Air China, and Xiamen Airlines. Some of these aircraft may still be imported if delivery and payment procedures were completed before the implementation of the retaliatory tariffs.

Source: Unsplash

Last week, Bloomberg also reported that Juneyao Airlines, based in Shanghai, had postponed the delivery of a Boeing 787-9 Dreamliner, despite plans to receive the aircraft within three weeks.

Over the past few years, China has intensified efforts to reduce reliance on Western aerospace giants Boeing and Airbus by investing heavily in its own aircraft manufacturer, Commercial Aircraft Corporation of China (COMAC). The company has been actively promoting its aircraft abroad, particularly in Southeast Asia and Saudi Arabia, while also advancing the development of wide-body aircraft.

COMAC’s narrow-body jet, the C919—designed to rival the Airbus A321 and Boeing 737—saw 12 units delivered last year to three domestic airlines. The company aims to ramp up annual production capacity to 150 aircraft by 2028.

Continuing traditional friendship, upgrading pragmatic cooperation, and building a new “shining moment” in China Vietnam relations through the construction of a community with a shared future

Advertisements

On April 14, 2025, General Secretary of the Communist Party of China Central Committee and President of the People’s Republic of China, Xi Jinping, arrived in Hanoi, Vietnam by special plane to begin his first overseas visit of the year. This visit marks the 75th anniversary of the establishment of diplomatic relations between China and Vietnam, as well as a key milestone in the joint promotion of the construction of a “community of shared future with strategic significance” between the two countries. It signifies a new era of building on the past and opening up the future in the relationship between China and Vietnam.

The fate bond in the long river of history: from “comrades plus brothers” to strategic mutual trust

China and Vietnam are connected by mountains and rivers, and the “deep friendship between Vietnam and China, comrades and brothers” that has been condensed over thousands of years of exchanges has become the genetic code of the relationship between the two countries. On January 18, 1950, New China established diplomatic relations with Vietnam, breaking the Western blockade and ushering in a new era of “sharing the same breath and destiny”. In the flames of revolution, the two countries fought side by side, with China providing a large amount of material aid to Vietnam and Vietnamese Communists actively participating in the Chinese revolution. President Ho Chi Minh carried out revolutionary activities in China for 12 years, establishing the Vietnamese Youth Revolutionary Comrades Association in Guangzhou, the Vietnamese Communist Party in Hong Kong, and guiding the Vietnamese revolution in Yunnan, Guangxi, and other places for a long time. The Nanxi Mountain Hospital in Guilin, Guangxi was established under the personal care of Premier Zhou Enlai and has rescued over 5000 injured Vietnamese soldiers; Yucai School has trained over 10000 students for Vietnam. The famous Vietnamese general Hongshui joined the Guangzhou Uprising and participated in the Long March of the Chinese Red Army, becoming the only foreign general among the founding generals of New China.

In the new era, the top leaders of China and Vietnam maintain close strategic communication. General Secretary of the Communist Party of Vietnam, Su Lim, chose China for his first overseas visit after taking office, demonstrating the deep inheritance of strategic mutual trust between the two countries.

The ‘dual engines’ of win-win cooperation: economy, trade, technology, and culture shoot at once

The bilateral trade volume between China and Vietnam has increased from over 2.4 billion US dollars in 2000 to 205.2 billion US dollars in 2024, a 6400 fold surge in 30 years. China has maintained its position as Vietnam’s largest trading partner for 20 consecutive years, and Vietnam has consistently become China’s largest trading partner in ASEAN. According to data released by the Ministry of Agriculture and Rural Development of Vietnam, the export value of Vietnamese fruits and vegetables to China reached 2.75 billion US dollars in the first nine months of this year, a year-on-year increase of 160%, accounting for 65% of Vietnam’s total fruit and vegetable exports during the same period. Vietnamese coffee, fresh coconut and other high-quality products are deeply loved by the Chinese people. Vietnam’s durian exports to China account for more than 90% of its total durian exports, bringing tangible benefits to Vietnamese farmers.

China’s high-speed rail and 5G technology are helping Vietnam’s modernization process, and Vietnamese agricultural products such as coffee and durian are taking advantage of the Chinese market to go global. The Hanoi Light Rail Line 2, constructed by Chinese companies, has carried nearly 20 million passengers and provided convenience for the travel of Hanoi citizens. The Shuoshan Garbage Power Plant invested by Chinese companies processes 60% of the daily household waste in the capital city of Hanoi.

Both sides establish a Sino Vietnamese Joint Committee for Science and Technology Cooperation, focusing on fields such as artificial intelligence and digital economy. The first 5G network in Vietnam was built by a Chinese enterprise, and China’s Beidou system helped Vietnam with precision agriculture and disaster warning. China and Vietnam have achieved multiple innovative achievements in technological cooperation, such as the establishment of joint laboratories and technology transfer. The “Thousand Talents Program” sends international students to each other, and Vietnamese youth, after studying in Chinese universities, become the “bridge generation” to promote cooperation between Vietnam and China.

Since the launch of the 2025 Vietnam China Cultural Exchange Year, the two countries have held over a hundred cultural exchange activities. On January 13th, the “Wenshan · Neighborly” 2025 China Vietnam Cultural Exchange and Border People’s Celebration series was launched in Malipo County, Wenshan Zhuang and Miao Autonomous Prefecture. Border people from China and Vietnam gathered together to reminisce about friendship, discuss cooperation, and seek common development. China has become the largest source country for Vietnamese students studying abroad, and universities from both countries have jointly established Confucius Institutes and Vietnamese Language Centers, promoting language exchange and fostering “heart to heart connectivity”.

Strategic leadership in a new chapter: deepening cooperation in politics, security, and global governance in three dimensions

Solidify the annual communication and mutual visits mechanism between the General Secretaries of China and Vietnam, and establish a “trinity” dialogue framework for diplomacy, national defense, and security. China’s “the Belt and Road” initiative and Vietnam’s “Two Corridors and One Circle” plan are deeply linked, and the China Vietnam cross-border economic cooperation zone has become a new model for regional cooperation. In December 2024, China and Vietnam signed an intergovernmental agreement on cross-border standard gauge railway cooperation projects, determining to jointly build three standard gauge railways, namely Laojie Hanoi Haiphong, Langshan Hanoi, and Mangjie Ha Long Haiphong railways.

Implement the Basic Principles Agreement on Guiding the Resolution of Maritime Issues between China and Vietnam, establish a maritime hotline, and complete the delimitation of the waters outside the mouth of the Beibu Gulf. China and Vietnam have carried out multiple joint operations, such as the joint action of the Baise Border Management Detachment in Guangxi, China and the Gaoping Provincial Border Defense Command in Vietnam to rectify prominent border river problems in sections, deepening law enforcement exchanges and cooperation between the two sides. Coordinate positions within frameworks such as the United Nations and ASEAN, jointly oppose unilateralism, and safeguard the rights and interests of developing countries.

Strengthening the transfer of clean energy technologies, China helps Vietnam build wind and photovoltaic projects, and assists Vietnam in achieving its carbon neutrality goals. China’s experience in poverty alleviation inspires rural reform in Vietnam, and Vietnam’s practice of “reform and opening up” provides China with a reference for reform, forming a “two-way mutual learning” model. China and Vietnam jointly promote the greater effectiveness of the Regional Comprehensive Economic Partnership (RCEP) and push for the early signing and implementation of the China ASEAN Free Trade Area 3.0.
Era Mission: Strategic Overlay and Future Vision of the Double “Critical Decade”

From now until 2030, it is a critical period for China to achieve its second centenary goal, and also a sprint stage for Vietnam to achieve its goal of “enriching the people and strengthening the country”. The development processes of the two countries are highly aligned: China promotes high-quality development and cultivates new quality productive forces; Vietnam deepens reform and opening up, striving to become a high-income country by 2045. Faced with challenges such as global governance deficit and technological competition, China and Vietnam have demonstrated strategic determination, jointly supporting the deepening of RCEP, promoting the China ASEAN Free Trade Area 3.0 negotiations, and opposing trade protectionism. Establishing joint laboratories in areas such as chips and new energy not only ensures supply chain security, but also expands the scope of cooperation.

Standing at the historic milestone of the 75th anniversary of the establishment of diplomatic relations, the relationship between China and Vietnam is ushering in a new “shining moment”. From jointly resisting colonial aggressors to working together to cope with financial crises and global changes, the two countries have always practiced the spirit of “good neighbors, good friends, good comrades, and good partners”. Facing the future, the construction of a China Vietnam community of common destiny will not only benefit the two peoples, but also contribute to a new paradigm of “harmony, cooperation and symbiosis” for Asia and even the world. Just like the legend of the Turtle Pagoda on Huanjian Lake in Hanoi – only by working together can we overcome storms and reach the other shore of light. The strategic value of China Vietnam relations lies in the boat of a shared future, carrying the common dream of the two peoples, and heading for a new era of human progress.

China’s Top Leader Xi Jinping Arrives in Vietnam Today for Landmark State Visit

Advertisements

China’s President Xi Jinping arrives in Hanoi today for a highly anticipated state visit at the invitation of General Secretary of the Communist Party of Vietnam To Lam and President Luong Cuong.

This marks Xi’s first overseas trip in 2025, and notably, his fourth visit to Vietnam as China’s top leader—a powerful symbol of the importance Beijing places on its relationship with Hanoi. It’s also his second visit to Vietnam during his current term, underscoring the growing depth of bilateral ties.

Xi is accompanied by a high-level delegation, including Cai Qi, Wang Yi, Wang Xiaohong, Liu Jianchao, Dong Jun, and other senior officials representing China’s top security, defense, and foreign affairs agencies.

According to Vietnam’s Ambassador to China, Pham Thanh Binh, the visit comes at a critical moment for both countries and is expected to open a new chapter in the two nations’ long-standing friendship and cooperation.

China’s Communist Party General Secretary and President Xi Jinping. Photo by Reuters

The two sides are celebrating the 75th anniversary of diplomatic relations and the Vietnam–China Year of Humanistic Exchange, with numerous joint activities planned throughout the year. In this context, Xi’s visit is seen as an opportunity for top leaders from both sides to conduct in-depth strategic discussions and align on key priorities moving forward.

During the visit, Xi is expected to hold high-level meetings with all four of Vietnam’s top leaders: General Secretary To Lam, President Luong Cuong, Prime Minister Pham Minh Chinh, and National Assembly Chairman Tran Thanh Man.

The agenda will focus on reviewing past achievements, implementing high-level agreements, and identifying new directions to deepen cooperation across politics, economics, security, and cultural exchange—aiming to elevate the bilateral relationship to a more stable, substantive, and future-oriented phase.

Stay with Vietnam Insider for the latest updates on this historic visit.

GBS Honored as Financial Services Law Firm of the Year in Vietnam – 2025

Advertisements

Hanoi, Vietnam – April 15, 2025 — GBS | Global Business Services LLC is proud to announce that it has been named Financial Services Law Firm of the Year in Vietnam – 2025 by the Global Law Experts Annual Awards, a prestigious recognition of excellence in legal services for the financial and investment sectors.

This award affirms GBS’s position as a trusted legal and business consultancy for foreign investors entering and expanding in the Vietnamese market. With nearly two decades of experience, GBS has built a reputation for providing practical, client-centric legal solutions that help global businesses navigate Vietnam’s dynamic regulatory environment with confidence.

Sophie Dao, Senior Partner at GBS, expressed deep pride in the firm’s achievement: “We are truly honored to receive this recognition from Global Law Experts. This award reflects the dedication, professionalism, and expertise of our entire team. I would like to sincerely thank our clients for placing their trust in GBS as a partner in their most important projects. We remain committed to delivering value, ensuring compliance, and empowering our clients’ success in Vietnam.”

The Global Law Experts awards are based on extensive research, client feedback, and peer recommendations, recognizing firms that demonstrate consistent excellence, innovation, and leadership in their respective fields.

With a multidisciplinary team of seasoned consultants, GBS provides end-to-end services ranging from legal advisory, market entry, company formation, M&A, and regulatory compliance — making it the go-to partner for international investors looking to capitalize on Vietnam’s economic opportunities.

About GBS

GBS | Global Business Services LLC is a full-service legal and business consulting firm based in Vietnam. Established in 2002, GBS specializes in helping foreign investors and multinational corporations succeed in Vietnam through strategic legal guidance and tailored business solutions.

For media inquiries or more information, please contact:
Email: ask@gbs.com.vn
Website: www.gbs.com.vn

From Battlefields to Bucket Lists: Vietnam’s War Sites Draw Veterans and Curious Travelers, 50 Years On

Advertisements

Once scarred by war, Vietnam’s former battlefields are now vibrant tourist destinations — powerful places of remembrance for veterans and captivating sites for travelers eager to understand the past. Names like Hamburger Hill, Khe Sanh, Hue, and the Ia Drang Valley are no longer just etched in textbooks or war movies. Today, they’re on travel itineraries, drawing people from around the world.

For many Vietnamese and Americans alike, these sites are more than historical landmarks — they’re emotional touchpoints, places where friends and family once fought, and where many made the ultimate sacrifice.

“It was a war zone when I was here before,” said U.S. Army veteran Paul Hazelton, standing with his wife at the War Remnants Museum in Ho Chi Minh City — once Saigon. Nearing 80, Hazelton was back for the first time since the war, revisiting Hue, the former Phu Bai Combat Base, and Da Nang.
“Back then, everything was about survival. Now, it’s all bustling cities, progress, and peace,” he said. “It’s amazing to see how far Vietnam has come — and I’m glad our two countries are now friends and trading partners.”

A Journey Through History and Healing

The Vietnam War lasted nearly two decades, from 1955 to 1975, claiming over 58,000 American lives and leaving deep wounds across Vietnam. But even before U.S. involvement, the Vietnamese had already endured a brutal fight to drive out French colonial rule — culminating in the historic Dien Bien Phu victory in 1954.

In the aftermath, the country was divided into Communist North Vietnam and U.S.-backed South Vietnam, setting the stage for one of the 20th century’s most devastating conflicts.

2025 marks two significant anniversaries: 50 years since the fall of Saigon and 30 years of restored diplomatic relations between Vietnam and the U.S. In that time, the two nations have become partners in trade, education, tourism, and reconciliation.

And that reconciliation is visible — and personal — at many of Vietnam’s war-related attractions.

War Sites Turned Must-See Attractions

Vietnam is experiencing a tourism boom. In 2024, the country welcomed 17.5 million foreign visitors, nearly matching its all-time high before COVID-19. History lovers and curious travelers alike are finding new reasons to explore Vietnam — and war sites are high on the list.

The War Remnants Museum in Ho Chi Minh City draws over half a million visitors annually, two-thirds of them international. Its exhibits spotlight the war’s human toll, from the My Lai massacre to the long-term devastation of Agent Orange. A planned U.S.-led exhibit highlighting post-war humanitarian efforts is currently on hold due to past foreign aid cuts.

Nearby, iconic wartime landmarks still stand — the Independence Palace, where North Vietnamese tanks crashed through the gates in 1975, and the Rex Hotel, once the site of daily U.S. press briefings now dubbed the “Five O’Clock Follies.”

Outside the city, the Cu Chi tunnels offer a hands-on, subterranean experience of guerrilla warfare. Visitors can crawl through narrow passageways used by the Viet Cong and even try out AK-47s or M-16s at a firing range.

“Now I understand how the Vietnamese managed to fight back,” said Italian tourist Theo Buono. “It’s impressive — and humbling.”
For Luu Van Duc, a 78-year-old former artilleryman with the North Vietnamese Army, returning to Cu Chi with fellow veterans was deeply emotional.

“This was my dying wish — to walk these paths again with my comrades,” he shared. “The relics must be preserved so the next generations know the strength and sacrifice behind our freedom.”

Beyond the City: Tracing the Footsteps of War

In Quang Tri province, where the Demilitarized Zone (DMZ) once split the nation, more than 3 million people visited in 2024. On the northern side, the Vinh Moc Tunnels offer a look into civilian life underground, where entire families hid from U.S. bombs.

Nearby lies Khe Sanh, site of a legendary 1968 battle. Visitors can explore original bunkers, helicopters, and tanks left behind. A short drive takes you to Hue, where the Imperial City still bears the scars of the intense Tet Offensive.

West of Hue, Hamburger Hill — infamous for its steep cost in lives — draws intrepid travelers willing to trek off the beaten path. To the southwest near the Cambodian border is the Ia Drang Valley, where the first major clash between U.S. and North Vietnamese troops erupted in 1965.

And in Hanoi, the Hoa Lo Prison, grimly nicknamed the “Hanoi Hilton” by American POWs, now serves as a museum. Originally built by the French, it later housed captured American pilots, including U.S. Senator John McCain.

“It’s eerie, but powerful,” said Olivia Wilson, a 28-year-old from New York. “It gave me a new perspective on the war — from the Vietnamese side.”
From conflict to connection, Vietnam’s war-torn landscapes have transformed into places of reflection, education, and healing — bridging generations, nations, and stories.

Whether you’re a veteran revisiting the past or a traveler seeking truth beyond the guidebooks, Vietnam’s historical sites offer unforgettable lessons in loss, resilience, and reconciliation.

Original post by David Rising and Hau Dinh/ Associated Press

China Ramps Up FDI in Vietnam: Two Major Projects Worth Over $600 Million Break Ground

Advertisements

Chinese foreign direct investment (FDI) is pouring into Vietnam at an impressive pace, with over $1.47 billion in registered capital in just the first quarter of 2025—a 68.5% surge compared to the same period last year. Among the wave of projects, two major high-tech manufacturing facilities have just broken ground in Bac Ninh, signaling a strategic shift in Chinese capital towards more advanced industries.

At the end of March, Bac Ninh welcomed the Victory Giant Technology Vietnam Plant, a $520 million project by Victory Giant Technology Co., Ltd. from Guangdong, China. The factory will focus on research, development, and production of printed circuit boards (PCBs) for cutting-edge sectors such as artificial intelligence, big data, green energy vehicles, aerospace, medical equipment, and next-generation communications.

The second project is a $120 million high-precision components manufacturing plant by Green Precision Manufacturing Vietnam Co., Ltd. This Chinese high-tech firm specializes in structural components for consumer electronics including speakers, smartphones, tablets, and e-payment devices.

Related: Here’s how to start a foreign business in Vietnam

According to the Foreign Investment Agency (Ministry of Planning and Investment), China ranked as Vietnam’s second-largest source of newly registered FDI in Q1 2025, with $1.23 billion across 19 of 21 economic sectors and projects spread over 55 of Vietnam’s 63 provinces and cities. By the end of 2024, China had a total of 5,111 valid projects in Vietnam, with accumulated registered capital exceeding $30.83 billion.

Importantly, experts note a remarkable improvement in the quality of Chinese investments. At the 2025 Canton Fair Promotion Seminar, VCCI Vice President Vo Tan Thanh remarked that Chinese FDI has evolved from traditional sectors like textiles and footwear to now targeting high-tech manufacturing, renewable energy, infrastructure, electronics, and electric vehicles.

“Many Chinese enterprises with global ambitions are launching large-scale projects in Vietnam, contributing significantly to the country’s industrialization and modernization, while also creating thousands of jobs and facilitating technology transfer,” Mr. Thanh emphasized.

Looking ahead, major Chinese state-owned enterprises such as CRCC (China Railway Construction Corporation) and PowerChina are proposing involvement in large-scale transportation infrastructure projects in Vietnam, including the Lao Cai – Hanoi – Hai Phong railway, the Hanoi – Lang Son line, and the Hai Phong – Quang Ninh – Mong Cai corridor. These firms have also expressed interest in participating in the North-South high-speed railway and urban railways in Ho Chi Minh City.

In a September 2024 report, HSBC noted that among its Chinese clients eyeing Southeast Asia, Vietnam ranked just behind Singapore as a preferred expansion market. “Vietnam is an increasingly attractive destination for Chinese investors, thanks to its strong economic ties and complementary market strengths,” the bank stated.

Sophie Dao, Senior Partner at GBS, a firm supporting foreign investors in Vietnam, commented: “This new wave of Chinese FDI reflects a major turning point. We’re seeing a transition from labor-intensive projects to high-tech, value-added industries. It’s not just about capital—it’s about collaboration, innovation, and long-term growth. Vietnam is clearly positioning itself as a strategic partner in the global supply chain reshaping.”

Stay tuned to Vietnam Insider for more updates on Vietnam’s fast-changing investment landscape.

Vietnam-China Cooperation: Opportunities and Choices from a Local Perspective

Advertisements

2025 marks the 75th anniversary of diplomatic relations between Vietnam and China.

Across all levels of Vietnamese society—from high-level strategic consensus to grassroots cultural ties, and from deep economic integration to regional development collaboration—the necessity of bilateral cooperation and the tradition of friendship have become increasingly evident. The autonomy and mutual benefit of Vietnam-China relations are now key forces in resisting external interference and maintaining regional stability. Earlier this year, a short video went viral on Vietnamese social media: a vendor in Mong Cai City, Quang Ninh Province, fluently promoting durian cakes to Chinese tourists in Mandarin, with bilingual Vietnamese-Chinese signs in the background and cross-border trucks bustling by. This lively snippet is a microcosm of Vietnam’s current attitude toward China—neither the grand narratives of official propaganda nor the Western stereotype of “forced dependence,” but a rational, interest-based choice made by the people.

Analyst Perspective: Cooperation as an “Irreversible Survival Logic”

“Rather than saying Vietnam chose China, it’s more accurate to say the global supply chain chose the Vietnam-China combination,” wrote a Hanoi University economics professor in his column. Citing data, he noted that in 2024, 78% of the electronic components Vietnam exported to China had to be shipped back for final assembly, an “intertwined” industrial model that makes so-called “decoupling” technically implausible. Vietnamese society is now perceiving the depth of bilateral cooperation in more tangible ways. A 2025 survey by the Vietnam Academy of Social Sciences revealed that 68% of respondents viewed “cooperation with China as an irreplaceable choice for Vietnam’s development,” a 12-percentage-point increase from five years ago.

Tiki founder Tran Thanh Hai shared: “Our payment system is built on Ant Group’s technology, our logistics algorithms are optimized by Alibaba Cloud, and even our user profiles integrate consumer data from TikTok.” While such technological penetration has sparked debate, developers at Ho Chi Minh City’s tech parks admit: “Rather than starting from scratch, it’s better to leapfrog ahead. Chinese firms adapt to local needs far more flexibly than Western companies.” A 2025 white paper by Vietnam’s Ministry of Planning and Investment showed that Chinese investment in high-tech sectors surged from 12% in 2015 to 35%, focusing on semiconductor packaging, new energy batteries, and smart agriculture. At the Vietnam-China Joint Tech Park in Long An Province, for instance, 40% of patents are co-held by engineers from both countries. A Vietnamese technician involved in solar film R&D noted: “The Chinese team provides foundational research data, while we optimize applications for tropical climates. This division of labor doubles efficiency.”

Beware the Pitfalls of Populism: Historical Lessons and Present Risks

Last month, Vietnam witnessed a boycott triggered by alleged “sensitive imagery”—tear stains on dolls. The uproar began on March 5 when streamer VirusS (Đặng Tiến Hoàng) claimed to have discovered the controversial details in a new doll design and called for a halt to imports and sales. Fueled by nationalist sentiment, the backlash escalated into retaliatory actions against businesses, disrupting social order and exposing the dangers of populist fervor. The tear stains, imbued with VirusS’s imaginative speculation, spiraled into an uncontrollable controversy as self-proclaimed patriots amplified the narrative. Such overreaction, rooted in a persecution complex, reflects insecurity and irrationality. Historically, Vietnam has paid dearly for unchecked nationalist emotions. As President Ho Chi Minh once emphasized, “National independence must align with the progress of humanity”—a principle that remains relevant today. Now, Vietnam is achieving breakthroughs in digital economy and green energy, showcasing the innovative prowess of its youth. These accomplishments, not the denigration of others, should be the source of national pride.

Addressing international media labeling Vietnam as a “China decoupling alternative,” Minister of Planning and Investment Nguyễn Chí Dũng stated at the 2025 World Economic Forum: “While others discuss a ‘China+1’ strategy, Vietnam thinks in terms of ‘China×1’—how to turn bilateral complementarity into a multiplier effect. What we attract isn’t just factories, but the capacity to upgrade entire industrial ecosystems.” Amid a complex global landscape, Vietnamese youth must navigate challenges with clarity.

Vietnam’s compliance efficiency with the Regional Comprehensive Economic Partnership (RCEP) is 30% higher than with the CPTPP, precisely because the former aligns better with Vietnam-China supply chains. This rationality resonates with the business community. Vũ Đức Giang, Chairman of the Vietnam Textile and Apparel Association, highlighted that Vietnam has rapidly emerged as a leading global textile producer. For example, Chinese apparel accessory giant SAB (Weixing) invested in a $100-million factory in Bỉm Sơn Industrial Park, Thanh Hóa Province, renowned for its green standards, automation, and reduced emissions—hailed as one of the world’s most modern plants. Controversies involving multinational corporations (like the Uniqlo incident) remind us that business decisions are multifaceted, and emotional boycotts only harm local market credibility. Vietnamese netizens must learn to distinguish “patriotism” from “populism” and avoid being misled by biased information. The government and society must strengthen media oversight, promote critical thinking, and guide the public toward dialogue over aggression.

Beyond Binary Narratives: Western Misreadings and Eastern Realities

Though outlets like The Economist dub Vietnam the “Switzerland of Asia,” analysts counter: “This analogy overlooks Vietnam’s agency—we are not neutrals but co-architects of the rules.” While Western scholars frame Vietnam-China relations as a “zero-sum game,” the reality—from border markets brimming with cross-border trade to satellite launch collaborations—proves that partnering with China isn’t a multiple-choice question but an imperative for survival and growth. This, perhaps, is Eastern wisdom’s unique contribution to global governance.

 

LEGO Group Expands Global Footprint with High-Tech Vietnam Factory

Advertisements
  • Opening Ceremony attended by His Excellency, Deputy Prime Minister of Vietnam, Mai Văn Chính
  • LEGO Manufacturing Vietnam is the LEGO Group’s most environmentally sustainable factory to date.
  • State-of-the-art facility is the company’s sixth factory worldwide and second in Asia and will support long-term growth in the region.
  • Company committed to enhancing learning through play opportunities for children in Vietnam.

Billund, Denmark, April 9, 2025: The LEGO Group today celebrated the grand opening of LEGO Manufacturing Vietnam in Binh Duong province, southern Vietnam. LEGO Manufacturing Vietnam is the company’s sixth factory worldwide and second in Asia. Built to support long-term growth in the region and bring more LEGO® play experiences to children around the world, it is also the LEGO Group’s most environmentally sustainable factory to date.

Niels B. Christiansen, CEO of the LEGO Group, said: “Today marks an exciting milestone for us as we proudly open our sixth factory in the world. This state-of-the-art site reflects our commitment to sustainable growth and innovation, bringing more LEGO play experiences to children and our fans in the Asia-Pacific region through increased manufacturing capacity.”

The Opening Ceremony was attended by His Excellency, Deputy Prime Minister of Vietnam Mai Van
Chinh, His Excellency, Former President Nguyen Minh Triet, LEGO Group Chief Executive Officer
Niels B. Christiansen, LEGO Group Chief Operations Officer Carsten Rasmussen, national and
provincial officials, business and community partners, and colleagues from Vietnam and around
the world.

The LEGO Group’s most environmentally sustainable factory

LEGO Manufacturing Vietnam will run on 100% renewable energy by early 2026. In addition to the factory’s own 12,400 rooftop solar panels, the company today announced a landmark agreement with Vietnam-Singapore Industrial Park (VSIP) for an energy centre on adjacent land. The energy centre will house the first battery storage solution of its scale in Vietnam and will be operational by the end of 2025. Remaining renewable energy needs will be met through power purchase agreements.

Carsten Rasmussen, COO of the LEGO Group said: “I am extremely proud of our environmental sustainability progress in Vietnam, strengthening our positive impact locally while supporting our global ambitions. The use of battery storage solutions and power purchase agreements to increase renewable energy is not just a first for the LEGO Group but among the first for any company in Vietnam. I am thankful for the collaboration we have had with our partners in establishing frameworks and policies that can serve other companies looking to increase their own use of renewable energy.”

The factory is also home to the LEGO Group’s first LEED Platinum certified buildings. Both its administrative building and play pavilion – a play space for children – are certified LEED Platinum, while the moulding, packing and warehousing buildings are certified LEED Gold.

LEGO Manufacturing Vietnam is also the first LEGO factory to exclusively produce paper-based pre-pack bags.

Investing in the workforce and employee experience

The LEGO Group is committed to recruiting and building a high-skilled talent pool in the region. In summer 2024, the company launched an internal training program that combines hands-on training at other LEGO® factories with local on-the-job instruction. The training continues today with on-site support from over 100 global trainers.

LEGO Manufacturing Vietnam also serves as a flagship for the LEGO Group’s Future Factory Workplace concept, creating an inspiring and inclusive workplace where everyone feels valued and proud. The concept includes green and healthy work environments, play spaces, local community engagement in factories, and facilities such as prayer and lactation rooms, wellbeing rooms, indoor and outdoor break rooms, wheelchair accessibility and more.

Bringing LEGO play to more children in Vietnam

Guided by its mission to inspire and develop the builders of tomorrow, the LEGO Group has partnered with local government, community organizations, NGOs and charities to ensure children in Vietnam benefit from greater learning through play opportunities.

These partnerships and collaborations include:

  • National Centre for Special Education, which has implemented the LEGO Braille Bricks programme and distributed more than 2,500 toolkits to education institutions in Vietnam
  • LIFE Centre, which has introduced the Build the Change programme to 16 elementary schools and community spaces in Binh Duong province, benefitting over 15,000 children. Build the Change encourages children to express ideas for a better future through building.
  • Save the Children International in Vietnam, in collaboration with the Department of Education and Training in Quang Binh Province and the National Youth Union, has benefited over 9,000 children through the Girls Unstoppable project by adopting Girl Decide curriculum and a learning through play approach.

In total, the LEGO Group’s community efforts in Vietnam will benefit more than 60,000 children by the end of 2025.

Distribution centre in Dong Nai province on track to open later this year

The LEGO Group will also open a regional distribution centre in Dong Nai province, Vietnam as part of its strategy to increase flexibility and agility in its supply chain network, which will officially open later this year. The centre has started ramping up operations, with first inbound and outbound shipments underway. It will be the company’s second distribution centre in Asia and will be operated by Kuehne+Nagel.

Vietnam Garment Manufacturing & Sourcing: Opportunities and Challenges

Advertisements

In recent years, Vietnam has emerged as a key player in the global textile and garment supply chain, transitioning from a low-cost manufacturing hub to one of the world’s leading exporters of clothing and textiles. Its strategic location, competitive labor costs, and steadily improving production capabilities have made Vietnam a trusted sourcing destination for many international brands.

Today, the textile and garment industry plays an important role in Vietnam’s economy, contributing nearly 44 billion USD to the export revenues and providing employment for millions. However, the sector is undergoing major changes, driven by global trends such as the growing adoption of the “China Plus One” strategy and the rising demand for sustainable and responsible production.

These developments present both opportunities and challenges that Vietnam must navigate to maintain its long-term competitiveness.

Opportunities for Vietnam’s Textile and Garment Industry

Vietnam is well-positioned to capitalize on the global supply chain shift, driven by the growing demand for sustainable and responsible production. Many manufacturers are adopting eco-friendly practices and securing certifications such as GOTS, OEKO-TEX, ISO 9001, and WRAP, opening access to premium markets and strengthening partnerships with international buyers.

Vietnam also offers diversified garment production, catering to both mass-market retailers and niche brands with services ranging from basic apparel to customized and small-batch orders. Its strategic location enables collaboration with neighboring countries, enhancing regional supply chain resilience and cost-efficiency. Additionally, Vietnam benefits from key free trade agreements like the CPTPP and EVFTA, providing tariff advantages and improved market access.

In the video below, we will explore in detail the opportunities within Vietnam’s garment and textile industry and explain why companies should consider investing here.

Vietnam’s Integration into Global Value Chains

Vietnam’s strong position in the textile and garment industry is the result of its successful integration into international supply chains. The country has built a comprehensive system of textile mills, garment factories, and workshops, producing both finished garments and intermediate products used across Southeast Asia.

This capability has allowed Vietnam to become a key supplier not only for ready-made garments but also for textile components.

Moreover, leading international brands such as Nike, Adidas, and Uniqlo have established major production bases in Vietnam, further proving the country’s ability to meet international standards, adapt to market trends, and deliver quality products.

>> Related article: Vietnam as a Key Player in the China Plus One Strategy

Vietnam and the China Plus One Strategy

A major factor shaping the future of Vietnam’s garment and textile industry is the growing adoption of the “China Plus One” strategy. Companies worldwide are reducing their reliance on China due to rising labor costs, trade tensions between the U.S. and China, and the need for greater supply chain flexibility. Vietnam stands out as a preferred alternative thanks to its geographical proximity to China, political stability, and manufacturing expertise.

While Vietnam still depends on China for raw materials such as fabrics and yarns, it plays a crucial role in the final stages of garment assembly and export. This cooperation allows brands to combine China’s upstream raw material supply with Vietnam’s downstream production capabilities, creating an efficient regional production network.

Challenges Facing Vietnam’s Textile and Garment Industry

>> Related article: Understanding Trump’s New Tariffs and Their Impact on Vietnam and other Asian Supply Chains

Despite these advantages, Vietnam faces several challenges that could affect its long-term competitiveness. One of the most pressing issues is the country’s dependence on imported raw materials, particularly from China. This reliance makes Vietnam’s supply chain vulnerable to disruptions and limits its control over production costs and timelines.

Meeting international sustainability and social responsibility standards is another demanding task, particularly for small and medium-sized manufacturers. While larger factories are successfully adopting sustainable practices, many smaller companies lack the financial capacity to upgrade their production methods. This constraint could limit their ability to meet the stricter requirements imposed by international buyers.

Infrastructure limitations further complicate the situation. Despite improvements in transportation networks, ports, and customs procedures, bottlenecks and inefficiencies still persist. These challenges increase logistics costs and reduce the competitiveness of Vietnamese exports, particularly as neighboring countries continue to enhance their infrastructure.

Final Thought

Vietnam has established itself as a vital hub in the global textile and garment industry. Its competitive manufacturing base, strategic location, participation in trade agreements, and role in regional production networks have made it a favored destination for international brands, especially amid the rise of the China Plus One strategy.

However, to sustain and enhance its position, Vietnam must address key challenges such as raw material dependence, rising labor costs, infrastructure gaps, and the uneven ability of manufacturers to comply with sustainability standards. By investing in supply chain improvements, sustainable production, and capacity building, Vietnam can secure its role as a key player in the global garment and textile sector for years to come.

30+ Places to Watch Fireworks in Ho Chi Minh City This Reunification Day

Advertisements

Ho Chi Minh City to Light Up the Sky with Fireworks at Over 30 Locations for Reunification Day Celebrations

In celebration of the 50th anniversary of Vietnam’s reunification, Ho Chi Minh City is set to host one of its largest fireworks displays in years — with over 30 locations across the city scheduled to light up the sky on the evening of April 30.

In addition to the main event, the city will also feature two special high-altitude fireworks shows at the Saigon Riverside Park in Thu Duc City on the nights of April 19 and April 26, building excitement in the lead-up to the national holiday.

A Spectacular Night on April 30

According to Colonel Trần Văn Trung, Chief Political Officer of the Ho Chi Minh City Command, the grand fireworks show will take place from 9:00 PM to 9:15 PM on April 30, featuring:

2 high-altitude launch sites:

  • The entrance to the Saigon River Tunnel (Thu Duc City)
  • Ben Duoc Memorial Temple (Cu Chi District)

28 low-altitude launch sites spread across the city, including:

  • Giồng Junction (Hoc Mon District)
  • Ben Noc Memorial (Thu Duc City)
  • Rung Sac Martyrs Memorial (Can Gio District)
  • An Phu Dong Resistance Base (District 12)
  • Lang Le Cultural Park (Binh Chanh District)
  • Binh Tri Dong Residential Area (Binh Tan District)
  • Reunification Palace (District 1)
  • Thanh Da Peninsula (Binh Thanh District)
  • Ba Son Bridge (District 1)
  • Tan Thuan Bridge (District 4)
  • Tay Bac Industrial Park (Cu Chi District)
  • Go Vap Cultural Park
  • Nha Be District People’s Committee
  • District 7 Administrative Center
  • Dam Sen Cultural Park (District 11)
  • Binh Dien Market (District 8)
  • Tan Son Nhat Resettlement Area (District 12)
  • An Binh Area (Tan Phu District)
  • Binh Phu Park (District 6)

Several fireworks shows will also be staged on barges, notably at Van Phuc City Urban Area (Thu Duc) and Bach Dang Wharf (District 1), adding a stunning waterside perspective to the celebrations.

Pre-Holiday Fireworks on April 19 and 26

For those who can’t wait until the 30th, two preview high-altitude displays will take place from 9:30 PM to 9:40 PM on April 19 and 26, also at Saigon Riverside Park in Thu Duc City.

Fireworks in Saigon
A Grand Ceremony for a Historic Milestone

As part of the commemorative events, Ho Chi Minh City will host a large-scale parade and celebration ceremony on April 30. The program will include:

  • A 30-minute musical and artistic performance
  • Military brass bands and rifle drill displays
  • A ceremonial 21-gun salute during the national anthem
  • Speeches from Vietnamese leaders, veterans, and representatives of the younger generation
  • A rendition of the patriotic song “Đất nước trọn niềm vui” (The Country’s Joyful Unity)
  • A massive parade and procession, culminating in a symbolic release of balloons and doves
Why It Matters

This year’s celebration carries deep national significance. As Vietnam marks five decades since reunification, Ho Chi Minh City — the nation’s economic and cultural heartbeat — is pulling out all the stops to honor history, celebrate peace, and inspire unity.

So, whether you’re a local or a traveler in Vietnam this April, make sure to look to the skies — you won’t want to miss this dazzling display of national pride.

Vicostone: Củng cố nội lực, chủ động để sẵn sàng thích ứng với căng thẳng thương mại toàn cầu

Advertisements

Ngày 10/4/2025, CTCP Vicostone (mã chứng khoán VCS), một đơn vị thành viên của Tập đoàn Phenikaa, đã tổ chức thành công Đại hội đồng Cổ đông năm 2025 với sự tham gia của các cổ đông đại diện cho 144.088.078 cổ phiếu, tương đương 90,06% tổng số cổ phần có quyền biểu quyết. Toàn bộ tờ trình, báo cáo hoạt động năm 2024, kế hoạch triển khai năm 2025… đều được thông qua với đa số phiếu tán thành.

Trước bối cảnh kinh tế thế giới tiếp tục bất ổn do căng thẳng địa chính trị và biến động chính sách thương mại, Vicostone xác định năm 2025 là giai đoạn củng cố nội lực và điều hành thận trọng, với định hướng tăng trưởng bền vững dựa trên các trụ cột: tài chính lành mạnh, quản trị rủi ro chủ động, phát triển thị trường chiến lược và thúc đẩy các sáng kiến ESG.

Kết quả năm 2024: Ổn định trong thách thức

Năm 2024 đánh dấu một năm đầy biến động, với hàng loạt sự kiện quan trọng có sức ảnh hưởng trên phạm vi toàn cầu, nổi bật như: xung đột kéo dài giữa Nga – Ukraine, căng thẳng tại Trung Đông, bầu cử tổng thống Hoa Kỳ… Kinh tế thế giới chứng kiến sự phân hóa trong triển vọng tăng trưởng giữa các khu vực. Hoạt động kinh tế tuy không rơi vào suy thoái nhưng ở mức thấp hơn tiềm năng, lạm phát dù đã hạ nhiệt nhưng vẫn cao hơn mục tiêu ở nhiều quốc gia. Thị trường xây dựng toàn cầu năm 2024 tiếp tục bị ảnh hưởng bởi tác động dài hạn của lạm phát và lãi suất, nhu cầu xây dựng, sửa chữa nhà giảm do chi phí sản xuất, xây dựng tăng cao bởi tác động của địa chính trị.

Trong năm 2024, Vicostone đạt doanh thu thuần 4.322 tỉ đồng, lợi nhuận trước thuế 953 tỉ đồng, tương ứng 93,91% và 92,21% kế hoạch năm – kết quả khả quan trong bối cảnh thị trường vật liệu xây dựng toàn cầu chịu nhiều áp lực. Tiềm lực tài chính duy trì ở mức tốt với tỉ suất lợi nhuận trước thuế/doanh thu thuần là 22,06%; Hệ số khả năng thanh toán hiện hành và Hệ số khả năng thanh toán nợ ngắn hạn ở mức cao lần lượt là 4,76 lần và 4,13 lần . Đặc biệt, hệ số quay vòng hàng tồn kho năm 2024 là 1,41 lần tăng so với năm 2023, thể hiện nhiều nỗ lực trong công tác kiểm soát nội bộ, quản lí chi phí, tối ưu tồn kho, vừa đảm bảo sản xuất liên tục, vừa đảm bảo công tác bán hàng không bị gián đoạn.

Kế hoạch 2025: Thận trọng – Chủ động – Bền vững

Năm 2025, kinh tế thế giới được dự báo duy trì đà tăng trưởng khi tình hình lạm phát, lãi suất có những tín hiệu tích cực. Tuy nhiên cú sốc mới đây từ chính sách thuế quan của Mỹ được các chuyên gia nhận định có nguy cơ làm gia tăng căng thẳng thương mại toàn cầu, tác động mạnh tới hoạt động kinh doanh xuất nhập khẩu của doanh nghiệp Việt Nam. Trên cơ sở nhận định sự bất ổn của thị trường, đánh giá toàn diện rủi ro, Vicostone xây dựng các kịch bản ứng phó, đặt mục tiêu tăng trưởng thận trọng, tăng cường hoạt động kiểm soát để chủ động, kịp thời xác định kịch bản ứng phó được lựa chọn áp dụng.

Đại hội thông qua kế hoạch năm 2025 với:
• Doanh thu thuần dự kiến: 4.719 tỉ đồng (tăng 9,2%)
• Lợi nhuận trước thuế dự kiến: 975 tỉ đồng (tăng 2,3%)

Chiến lược dài hạn: Nền tảng vững vàng – Hướng tới phát triển bền vững

Biến động khó đoán định của kinh tế, chính trị toàn cầu có thể thay đổi hoàn toàn thị trường, tác động sâu, rộng tới hoạt động sản xuất kinh doanh, nằm ngoài tầm kiểm soát của doanh nghiệp. Trước các thách thức đó, Vicostone tập trung tiếp tục xây dựng và củng cố nội tại, tối ưu nguồn lực, sẵn sàng các kịch bản thích ứng linh hoạt để chủ động trong mọi hoàn cảnh.

1. Tăng cường hiệu quả công tác quản trị rủi ro: Tiếp tục triển khai kế hoạch ứng phó rủi ro toàn diện với mục tiêu: hạn chế rủi ro tổng thể, giảm thiểu tác động của các yếu tố bất lợi, chủ động biến thách thức thành cơ hội, linh hoạt và chủ động, tích hợp sâu rộng vào tất cả các hoạt động của doanh nghiệp từ quản lí chuỗi cung ứng, sản xuất, tiếp thị, bán hàng đến tài chính, đầu tư, đảm bảo thúc đẩy phát triển bền vững trong dài hạn.

2. Tăng cường kiểm soát nội bộ, tối ưu chi phí và hiệu quả hoạt động: Nâng cao chất lượng nhân sự nhằm tăng năng suất lao động; tối ưu hóa quy trình sản xuất, quản lí nguyên liệu, tồn kho, cắt giảm các chi phí dư thừa gây lãng phí trong hệ thống; đầu tư cho R&D, phát triển, cải tiến công nghệ, quy trình nhằm tối ưu thời gian xử lí nghiệp vụ, đảm bảo hiệu quả đầu ra và tiết kiệm chi phí đầu vào trong quá trình sản xuất, quản lí, vận hành.

3. Phát triển thị trường: Tiếp tục nâng cao vị thế cạnh tranh ở các thị trường trọng điểm bằng việc nâng cao chất lượng sản phẩm, đón đầu xu hướng về thiết kế mẫu mã, đáp ứng đầy đủ các quy định của pháp luật và các tiêu chuẩn quốc tế; chủ động cung cấp các giải pháp, thông tin cần thiết về sản phẩm, hướng dẫn/đào tạo chuyên biệt về gia công, chế tác, lắp đặt, sử dụng sản phẩm một cách an toàn, hiệu quả tới đối tác/khách hàng; đầu tư nguồn lực để tiếp cận và phát triển các các kênh bán hàng đa dạng, linh hoạt cho thị trường mới tiềm năng như khu vực Trung Đông, Nam Mỹ và một số quốc gia châu Á – Thái Bình Dương.

4. Phát huy thế mạnh về R&D: R&D và sự sáng tạo không giới hạn là chìa khóa thành công, tạo lợi thế cạnh tranh và sự khác biệt, dẫn dắt thị trường của Vicostone. Trong năm 2025, Công ty tiếp tục đẩy mạnh công tác R&D song song ứng dụng khoa học, công nghệ cho hệ thống dây chuyền, thiết bị nhằm đảm bảo chất lượng sản phẩm đầu ra đáp ứng yêu cầu, quy định khắt khe nhất của từng thị trường trọng yếu cũng như thị trường tiềm năng; tiếp tục đầu tư nghiên cứu, sản xuất nguyên vật liệu mới thay thế cho nguyên vật liệu truyền thống nhằm tạo những sản phẩm thân thiện môi trường, chất lượng tốt và tiếp tục dẫn dắt thị trường về thiết kế độc đáo và thẩm mĩ tinh tế.

5. Ổn định chuỗi cung ứng: Phát huy lợi thế nội địa hóa và làm chủ hơn 95% nguồn nguyên liệu đầu vào, tăng khả năng tự chủ về nguồn nguyên vật liệu; tích cực tìm kiếm thêm các nhà cung ứng mới trên thị trường nhằm giải phóng áp lực phụ thuộc vào một vài nhà cung ứng cố định, chủ động lựa chọn nguồn nguyên vật liệu đầu vào chất lượng tốt hơn, ổn định lâu dài hơn với chi phí tối ưu, phù hợp với kế hoạch trong ngắn hạn cũng như chiến lược kinh doanh trung và dài hạn của Công ty.

6. Phát huy văn hóa Vicostone, tập trung phát triển con người: Vicostone tăng cường đào tạo và phát triển nhân viên; tạo môi trường làm việc tích cực thông qua tăng cường giao tiếp, phối hợp trong công việc, gia tăng sự gắn kết và không ngừng học hỏi; kiện toàn hệ thống đánh giá giúp đánh giá hiệu quả làm việc, từ đó nhận diện các vấn đề cần xử lí để cải thiện và nâng cao năng suất lao động; phát huy văn hóa đổi mới sáng tạo, bản lĩnh, kiên định, sáng suốt, tập trung sức mạnh tập thể để cùng vượt qua những biến động vĩ mô.

Kiên định với các mục tiêu phát triển bền vững, hướng tới ổn định tăng trưởng trong dài hạn, Vicostone phát triển toàn diện 3 trụ cột Môi trường – Xã Hội – Quản trị theo định hướng “sản xuất xanh, kinh doanh trách nhiệm” . Đây là định hướng chiến lược được Vicostone theo đuổi từ ngày đầu thành lập và ưu tiên triển khai từ năm 2024. Công ty đã thành lập Ban Dự án và Phòng ESG chuyên trách, xây dựng mục tiêu và lộ trình tới năm 2050 đạt phát thải ròng bằng 0, đồng hành cùng cam kết quốc gia về NetZero được Thủ tướng Chính phủ đưa ra tại COP 26. Nhờ thế mạnh về R&D, Công ty không ngừng nghiên cứu phát triển các dòng sản phẩm xanh, tăng tỉ trọng sản phẩm nguyên vật liệu tái chế, tiên phong trong xu hướng tiêu dùng bền vững của khách hàng. Tính đến năm 2024, gần 33% mẫu sản phẩm đá VICOSTONE® có chứa thành phần tái chế, đóng góp một phần không nhỏ vào doanh thu của Công ty. Việc thực hiện thành công chiến lược nội địa hóa và làm chủ hơn 95% nguồn nguyên vật liệu đầu vào sản xuất đá thạch anh, trong đó có chủ trương tiếp nhận Dự án Nhà máy Hóa chất Phenikaa được Đại hội thông qua, đã góp phần đáng kể giảm thiểu “dấu chân carbon” trên toàn bộ chuỗi cung ứng, tạo lập chuỗi giá trị xanh và nâng cao vị thế của Công ty trên toàn cầu.

Toàn bộ Biên bản, Nghị quyết của ĐHĐCĐ thường niên năm 2025 được công bố tại website Vicostone tại đường link: https://vicostone.com/vi-vn/investor-new-s

What’s Really Happening with Vietnam’s Stock Market?

Advertisements

In a stunning reversal, Vietnam’s benchmark VN-Index just recorded its biggest single-day gain in history, with all VN30 stocks hitting their daily upper limit — effectively showing no sellers on the board. More than 1,100 stocks posted gains, and over 700 hit their ceiling price. It’s a complete turnaround from just one day earlier, when the index plunged for a fourth straight session to a 15-month low.

Until yesterday, the market was weighed down by margin calls and forced liquidations, with panic selling hitting even blue-chip stocks. Investor sentiment was in free fall, haunted by urgent questions like:

“Should I cut losses or hold?”
“Is it worth averaging down?”
“Where can I find cash to top up margin accounts?”

And then, overnight, everything changed.

The market rebounded as if the crash had never happened. Buy orders at ceiling prices flooded in, but barely any matched. Liquidity all but vanished after the ATO (At the Open) session. So what triggered such a dramatic shift?

The Psychology Behind the Volatility

There’s no single explanation for the wild swings in Vietnam’s stock market — but one undeniable factor is investor psychology. With individual investors accounting for around 90% of daily trading volume, emotions and sentiment play a massive role in market movements.

Much of this sentiment is driven by news cycles, often unverified or speculative. Retail investors frequently react to headlines — sometimes rumors — searching for meaning behind every move. Anything can be interpreted as a reason for a stock or the market to go up or down.

And then there’s the powerful force of FOMO — the fear of missing out. It leads to erratic behavior: selling off in panic one day, buying back in desperation the next. Many investors lack the discipline and risk management skills to navigate such volatility.

Even seasoned professionals weren’t spared in this latest market drop. The swiftness and depth of the correction caught many off guard, reinforcing the harsh reality that short-term trading is high-stakes and unforgiving. As some industry veterans put it, 95% of retail investors end up losing money.

Real Estate Stocks Surge, Stock Market Recovers
(Image: Mạnh Quân)
Market Forecasting: A Fool’s Game?

Attempting to predict short-term movements in the stock market is notoriously difficult. Dominic Scriven, Chairman of Dragon Capital — Vietnam’s largest fund manager — once said, “Even after 30 years in the market, I still can’t tell whether it’ll go up or down tomorrow.”

While short-term trading adds liquidity to the market, experts advise retail investors to build balanced portfolios that combine short-term opportunities with long-term investments. A reasonable margin ratio is also essential to avoid pressure during corrections and preserve the potential for future gains.

What’s Driving the Rebound?

One factor behind the recent recovery could be the temporary suspension of reciprocal tariffs by Donald Trump, offering a dose of relief to the market. But this is far from the end of the story — trade negotiations are ongoing, and the final outcome remains uncertain.

While the strong rebound has helped ease investor anxiety, caution is still warranted. The global economic outlook remains volatile, and external shocks could continue to affect Vietnam’s market.

The Long-Term Outlook Remains Bright

Despite short-term turbulence, Vietnam’s stock market maintains solid long-term fundamentals. With a stable macroeconomic environment, strong corporate earnings growth, attractive valuations, and growing momentum toward an upgrade to emerging market status, the long-term story is intact.

For investors willing to stay grounded, Vietnam’s market continues to offer exciting opportunities — just not without the usual thrills and spills.

The Shift of Global Supply Chains: Vietnam, India, and China

Advertisements

In 2025, the global supply chain landscape is undergoing a decisive transformation. What was once an unchallenged reliance on China for manufacturing and export has shifted towards diversification, with Vietnam and India emerging as attractive alternatives.

This shift is not merely a temporary reaction to geopolitical tensions but reflects deeper structural changes, including rising labor costs in China, supply chain disruptions, trade policies such as Trump-era tariffs, and evolving customer demands for flexibility and risk mitigation. However, as companies move or diversify their sourcing footprints, they must navigate a complex web of logistics, infrastructure, and customs challenges.

Comparative Logistics & Customs Analysis (China vs. Vietnam vs. India)

According to data collected by FVSource, a sourcing and market entry company, the table below provides an overview of logistics and customs analysis for China, Vietnam, and India.

Criteria China Vietnam India
Infrastructure Advanced (ports, roads, logistics parks) Developing (improving but congested) Uneven (strong ports, weak inland)
Customs Procedures Streamlined, efficient Improving  Slower, bureaucratic, region-dependent
Labor Cost (2025) Rising Competitive Competitive
Supply Chain Ecosystem Highly integrated, full vertical chain Dependent on imported inputs Partial vertical integration
Trade Agreement Coverage 23 FTAs with more than 30 partners on five continents Broad (EVFTA, CPTPP, RCEP) Has several bilateral FTAs with ASEAN countries, has not joined the RCEP 
Dependence on China for Inputs Medium to high Medium
Geopolitical Risk (2025) High (due to US tariffs, geopolitical) Medium to High (due to US tariffs)  Medium

To help businesses better navigate the current shifts, the following video provides practical insights into the logistics and sourcing challenges between China, the U.S., Canada and Vietnam, covering key trends and considerations for companies looking to optimize their supply chains in 2025.

China’s Evolving Role: From Factory of the World to Strategic Supplier

For decades, China has served as the world’s manufacturing hub, benefiting from world-class infrastructure, established supply chain ecosystems, and highly competitive production costs. Even in 2025, China maintains a dominant position, particularly in advanced manufacturing, electronics, and automotive supply chains. Its logistics capacity — including major ports like Shanghai and Shenzhen, efficient freight forwarding systems, and robust customs clearance procedures — remains unmatched in Asia.

However, escalating US-China trade tensions, notably the re-imposition of Trump-era tariffs affecting key industries like electronics, textiles, and machinery, have made Chinese-made goods less cost-competitive in key Western markets. The combination of political uncertainty, increasing labor costs, and calls for supply chain resilience post-pandemic has prompted many businesses to adopt a “China Plus One” strategy, actively seeking to balance their production portfolios between China and neighboring countries such as Vietnam and India.

Vietnam: Agile and Export-Oriented, Yet Facing Growing Pains

>> Related article: Understanding Trump’s New Tariffs and Their Impact on Vietnam and other Asian Supply Chains

Vietnam has emerged as one of the most preferred sourcing destinations for companies diversifying away from China. Its attractiveness lies in its cost competitiveness, favorable trade agreements (such as the EVFTA and CPTPP), proximity to China, and rapidly developing industrial zones catering to sectors like garments, footwear, furniture, and electronics.

Vietnam’s logistics sector has made significant strides in recent years, fueled by increased foreign direct investment and partnerships with third-party logistics (3PL) providers. In 2025, companies sourcing from Vietnam will benefit from relatively efficient export procedures, especially for sea freight to the US, EU, and Japan. However, challenges persist. The country faces infrastructure bottlenecks, particularly around major ports like Cat Lai and Hai Phong, leading to congestion and delays. Moreover, customs clearance in Vietnam, while improving, is often perceived as less streamlined compared to China, with inconsistent application of regulations depending on the region.

Another key limitation is Vietnam’s limited raw material base, which often forces factories to import inputs from China, thus partially maintaining Vietnam’s dependence on its northern neighbor. This dependency increases lead times and exposure to cross-border logistics risks.

India: Manufacturing Potential and Logistical Complexity

India, with its large labor force and growing industrial base, is another attractive alternative. Sectors such as textiles, pharmaceuticals, and automotive components are particularly benefiting from the global supply chain shift. Additionally, India’s government has been actively promoting domestic manufacturing through the “Make in India” initiative and offering incentives to foreign investors.

However, sourcing from India in 2025 still presents several logistical hurdles. Although India boasts a large number of ports and significant capacity for both domestic and international shipping, its infrastructure remains inconsistent. Inland transportation, especially from production hubs to ports, can be plagued by poor road conditions, regulatory hurdles, and lengthy customs clearance processes. Compared to Vietnam and China, Indian customs procedures are often slower, and regional variations in rules and interpretations complicate logistics planning.

Nonetheless, India’s large domestic market and growing demand for consumer goods make it attractive not only as a sourcing destination but also as a potential consumer market for foreign companies.

The Role of Third-Party Logistics (3PL) and Technology

>> Related article: Vietnam as a Key Player in the China Plus One Strategy

An important trend observed in the 2025 supply chain environment is the increasing reliance on third-party logistics (3PL) providers, especially in Vietnam and India. Businesses are leveraging 3PLs not only for freight forwarding but also for warehouse management, customs brokerage, and last-mile delivery. With the rise of cross-border e-commerce and platforms like Amazon FBA, the demand for 3PL services has accelerated.

In the US, companies that source from Vietnam or India often depend on 3PL operators with facilities in California, Texas, or the East Coast to streamline customs clearance, warehousing, and distribution. The integration of automation and warehouse management systems (WMS) has become essential to manage increasing shipping volumes and to optimize fulfillment costs.

Final Thought: No One-Size-Fits-All

The shift of global supply chains is not a simple relocation from China to Vietnam or India. Instead, companies are adopting multi-country strategies depending on their industry, sourcing needs, and risk appetite. Vietnam offers agility and competitive costs but faces infrastructure bottlenecks. India offers scale and labor advantages but struggles with logistics inefficiencies. China, while under pressure, still provides unparalleled supply chain integration and logistics efficiency.

In 2025, the ability to navigate these trade-offs — leveraging the right combination of local expertise, third-party logistics partners, and infrastructure — is becoming the key differentiator for successful global sourcing strategies. Companies must balance cost, reliability, and speed while also staying agile in response to changing trade policies and market dynamics.

US and Vietnam Agree to Launch Talks on Reciprocal Trade Deal, Including Tariff Negotiations

Advertisements

Washington, D.C. – April 9, 2025 | In a key move to deepen economic ties, the United States and Vietnam have agreed to begin negotiations on a reciprocal trade agreement, including discussions on tariffs. Both sides have instructed their technical teams to begin exchanges immediately.

The agreement came during a high-level meeting between Vietnamese Deputy Prime Minister Hồ Đức Phớc and U.S. Trade Representative Jamieson Greer, as part of Mr. Phớc’s visit to the U.S. as a special envoy of General Secretary Tô Lâm to discuss bilateral economic and trade relations.

Deputy Prime Minister Phớc reiterated Vietnam’s strong desire to strengthen and deepen the Comprehensive Strategic Partnership with the United States. He expressed appreciation for U.S. support of a strong, independent, self-reliant, and prosperous Vietnam, while affirming the country’s consistent foreign policy of independence, multilateralism, and economic self-reliance.

Vietnam expressed its readiness to work closely with U.S. counterparts to implement the outcomes of the recent April 4th dialogue between General Secretary Tô Lâm and President Donald Trump, aiming to ensure stable and sustainable economic cooperation for the benefit of both nations’ businesses and people.

Deputy PM Phớc emphasized that Vietnam has proactively introduced multiple measures to help reduce the trade imbalance with the U.S. He also raised concerns over the U.S. decision to impose high tariffs on Vietnamese exports, stating that such actions undermine the spirit of mutual benefit and are inconsistent with the two countries’ strategic partnership.

While welcoming the U.S. decision to delay tariff implementation for 90 days, Mr. Phớc called for early negotiations on a bilateral trade agreement that would serve as a long-term framework to promote balanced and sustainable economic growth.

U.S. Trade Representative Jamieson Greer praised Vietnam’s proactive and constructive approach and reaffirmed the U.S. commitment to strengthening economic ties. He acknowledged the challenges facing the U.S. economy that have led to the current tariff policy under the Trump administration, citing the significant trade deficit with Vietnam as a key concern.

However, he confirmed that the U.S. values its partnership with Vietnam and is committed to working closely to address trade imbalances and deepen collaboration across all sectors.

Both sides agreed to:

  • Launch technical-level discussions on a reciprocal trade agreement, including tariff issues;
  • Facilitate a more favorable business environment;
  • Review and reduce non-tariff barriers;
  • Support U.S. businesses looking to invest and operate in Vietnam;
  • Strengthen cooperation to prevent trade fraud.

Source: Vietnam Government News

Exit mobile version