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

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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?

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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

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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

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

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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

Breaking: Trump Delays Tariffs for 90 Days, Hikes China Tariffs to 125% — Dow Jones Soars Over 2,500 Points

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In a surprise move, U.S. President Donald Trump announced a 90-day delay on tariffs for several countries, sparking a massive rally on Wall Street.

In a post on Truth Social on April 9, Trump said:

“Given that over 75 countries have reached out to negotiate and have not retaliated against the U.S., I am announcing a 90-day pause on tariffs. During this period, reciprocal tariffs will be reduced to 10%.”

He added that the decision takes effect immediately.

However, Trump also dropped a bombshell in the same post: the U.S. will raise tariffs on Chinese imports to a staggering 125%, in response to Beijing’s retaliatory move of imposing 84% tariffs on American goods.

The market reacted swiftly and positively.

The Dow Jones Industrial Average surged 2,544 points, or 6.8%, marking its biggest one-day gain since 2020.

The S&P 500 jumped 7.8%, while the Nasdaq Composite skyrocketed by nearly 10%.

Philippine Airlines to Launch Direct Flights to Vietnam’s Coastal Gem, Đà Nẵng, Starting Very Soon

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Philippine Airlines (PAL) has announced the launch of direct flights between Manila and Đà Nẵng, Vietnam’s dynamic central coastal city, starting July 1, 2025.

Often dubbed the “Miami of Vietnam,” Đà Nẵng is known for its modern cityscape, vibrant food scene, and stunning natural beauty. Nestled between the azure waters of the East Sea and the lush Annamite Mountains, the city serves as both a bustling urban center and a gateway to some of Vietnam’s most treasured cultural and historical sites.

“PAL is committed to offering greater connectivity and promoting tourism and commerce between our capital city and the central Vietnamese heartland,” said PAL President and COO Stanley Ng.

According to the airline, Đà Nẵng is “a lively coastal city situated close to renowned landmarks like the Marble Mountains and the Golden Bridge,” the latter famous for its massive stone hands that appear to lift the bridge into the sky.

The city also offers convenient access to UNESCO World Heritage sites, including the lantern-lit streets of Hoi An Ancient Town, the spiritual ruins of My Son Sanctuary, and the imperial grandeur of Hue.

In addition to its cultural richness, Đà Nẵng is home to popular attractions like My Khe Beach, Son Tra Peninsula, Dragon Bridge, and the charming Tran Phu Street, making it a perfect blend of relaxation, adventure, and discovery.

The Manila–Đà Nẵng route will be served by Airbus A321 aircraft, each accommodating 199 passengers. Flights will operate three times a week — Tuesdays, Thursdays, and Saturdays — from Ninoy Aquino International Airport (NAIA).

With this new route, PAL is tapping into the growing demand for travel between the Philippines and Vietnam, offering travelers more options to explore the cultural richness and natural beauty of Southeast Asia.

Prudential chi trả đến hơn 14.300 tỷ đồng bồi thường và trả tiền bảo hiểm năm 2024

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Năm 2024, Prudential Việt Nam duy trì nền tảng tài chính ổn định, tập trung vào chất lượng kênh phân phối, đầu tư nâng tầm trải nghiệm khách hàng và phát triển nguồn nhân lực.

Công ty TNHH Bảo hiểm Nhân thọ Prudential Việt Nam (“Prudential Việt Nam”) công bố báo cáo tài chính thường niên 2024. Kết thúc năm tài chính 2024, Prudential Việt Nam ghi nhận những kết quả nổi bật như sau:

Tổng tài sản đạt 189.051 tỷ đồng, tăng 7%.
Tổng tài sản đầu tư đạt 168.258 tỷ đồng, tăng 10,3%. Trong đó, tổng giá trị đóng góp vào
nền kinh tế thông qua kênh đầu tư vào trái phiếu Chính phủ đạt 73.122 tỷ đồng.
Năm 2024 tiếp tục là một năm đầu tư hiệu quả với doanh thu từ hoạt động đầu tư đạt
11.927 tỷ đồng, tăng 12%. Trong đó, doanh thu đến từ danh mục tài sản đầu tư của quỹ
liên kết đơn vị đạt 3.468 tỷ đồng. Toàn bộ doanh thu này là một phần quyền lợi của các
khách hàng tham gia sản phẩm bảo hiểm liên kết đơn vị.
Tổng doanh thu từ hoạt động kinh doanh bảo hiểm đạt 23.251 tỷ đồng. Trong đó, doanh
thu quy năm của hợp đồng khai thác mới đạt 3.043 tỷ đồng.
Lợi nhuận trước thuế đạt 3.339 tỷ đồng.
Tổng chi bồi thường và trả tiền bảo hiểm đạt 14.304 tỷ đồng, tăng 8,6%.

Ông Conor Martin O’Neill – Phó Tổng Giám đốc Tài chính Prudential Việt Nam cho biết: “Năm 2024, Prudential Việt Nam đã đạt được những bước tiến vững chắc trong việc củng cố năng lực vận hành và nâng cao trải nghiệm khách hàng, giữa bối cảnh thị trường có nhiều thay đổi. Dù những biến động kinh tế có ảnh hưởng đến thói quen và quyết định lập kế hoạch tài chính của khách hàng, nhưng nhu cầu được bảo vệ và tích lũy tài chính dài hạn vẫn rất mạnh mẽ tại Việt Nam.

“Prudential Việt Nam đang tập trung vào việc thúc đẩy chất lượng bán, bên cạnh đảm bảo rằng các sản phẩm của chúng tôi không chỉ đáp ứng nhu cầu của khách hàng mà còn phù hợp với các quy định mới của Luật kinh doanh bảo hiểm. Chúng tôi đang chuẩn bị ra mắt thị trường các giải pháp bảo hiểm nhân thọ mới và cam kết lấy khách hàng làm trọng tâm luôn là nền tảng vững chắc cho chúng tôi khi phát triển những giải pháp này.”

“Ngoài ra, trong năm 2024, chương trình giáo dục tài chính tiêu biểu Cha-Ching của chúng tôi đã tiếp cận hơn 32.000 học sinh Việt Nam, nâng tổng số học sinh trong các trường học tham gia Cha-Ching từ trước tới nay lên hơn 111.000 em. Đây là một đóng góp thiết thực vào việc xây dựng một thế hệ tương lai có hiểu biết tài chính vững vàng hơn.”

“Với biên thanh khoản cao ở mức 193%, Prudential Việt Nam có vị thế vững chắc để thực hiện các cam kết chi trả quyền lợi bảo hiểm, đảm bảo an toàn tài chính cho khách hàng. Thông qua đổi mới liên tục và định hướng tăng trưởng bền vững, chúng tôi cam kết đồng hành cùng khách hàng của mình trong hành trình lập kế hoạch bảo vệ cho những thành quả tài chính mà họ và gia đình đã dày công tạo dựng.”

Năm 2024, với nhiều quy định của Luật Kinh doanh Bảo hiểm chính thức được triển khai, Prudential Việt Nam tiếp tục lấy khách hàng làm kim chỉ nam trong hoạt động kinh doanh.

Nhờ ứng dụng công nghệ, trong năm qua, 87% các hồ sơ yêu cầu giải quyết quyền lợi bảo hiểm ở Prudential được nộp trực tuyến (e-claim) qua trang Zalo chính thức và cổng thông tin khách hàng PRUOnline.

Prudential Việt Nam tiếp tục cam kết đầu tư vào các đổi mới dựa trên nền tảng công nghệ, bao gồm việc ứng dụng trí tuệ nhân tạo (AI) để tối ưu hóa hoạt động và nâng cao hiệu quả dịch vụ, cụ thể:

Quy trình ‘Kiểm tra độc lập’ được ra đời, nhằm xác thực thông tin cá nhân và nhu cầu của khách hàng khi tham gia bảo hiểm.
“Công cụ tính phí bảo hiểm” chính thức được ra mắt nhằm giúp khách hàng tiềm năng lựa chọn các giải pháp bảo vệ phù hợp với khả năng tài chính của họ.
Quy trình “Ghi âm giọng nói” trong quá trình tư vấn cho 100% khách hàng mới, được tích hợp công nghệ trí tuệ nhân tạo (AI tạo sinh) để đảm bảo giải pháp bảo vệ phù hợp với nhu cầu thực tế của khách hàng.

Năm 2024, Prudential Việt Nam tiếp tục triển khai nhiều sáng kiến nâng cao năng lực của đội ngũ nhân sự thông qua việc nuôi dưỡng văn hóa hiệu suất cao. Các chương trình học tập và phát triển năng lực trọng tâm đạt 5.160 giờ đào tạo cho hơn 1.500 nhân viên. Sáng kiến “Ngày phát triển” được triển khai với 7.980 giờ tự học. Số lượng giờ tự học trực tuyến trên nền tảng Udemy đạt 4.567 giờ.

Về kết quả kinh doanh của Tập đoàn, Prudential đã đạt được những bước tiến trong việc thực hiện chiến lược cải thiện khả năng vận hành và thúc đẩy tăng trưởng trong năm 2024. Tập đoàn Prudential ghi nhận lợi nhuận từ hoạt động khai thác mới tăng 11% và tạo ra 2.642 triệu USD thặng dư phân bổ từ hoạt động kinh doanh như kỳ vọng đã đề ra. Trong năm 2025 và hướng tới năm 2026, Prudential đặt mục tiêu tiếp tục phát triển năng lực, khẳng định vị thế vững mạnh để tăng trưởng vượt bậc. Nhìn xa hơn, dựa trên trọng tâm phát triển kinh doanh mới chất lượng, đồng thời quản lý hiệu quả danh mục hợp đồng hiện hành và cải thiện các biến số hoạt động, Prudential vững tin hoàn thành các mục tiêu tài chính và chiến lược vào năm 2027 cũng như tạo ra giá trị bền vững cho các cổ đông và các bên liên quan tại các thị trường châu Á và châu Phi.

What Does the U.S. Reciprocal Tax Mean for Vietnam?

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At exactly midnight on April 9 (Washington time), the United States officially rolled out its new reciprocal tax policy, slapping tariffs ranging from 11% to 50% on dozens of trading partners — and Vietnam is among the most heavily impacted.

Under the announcement made by the U.S. government on April 2, Vietnamese goods are now subject to a steep 46% tariff, sparking immediate concern across business and policy circles. Experts warn that while the full impact will take time to materialize, this move could significantly affect Vietnam’s export-driven economy in the short term.

Vietnam Responds Swiftly

In response, Vietnam has wasted no time. Authorities are actively assessing the policy’s impact and formulating countermeasures. Key export businesses have convened emergency meetings to brainstorm solutions and prepare for potential disruptions.

At the heart of these discussions is the need to leverage existing frameworks — such as the Trade and Investment Framework Agreement (TIFA) and the Bilateral Trade Agreement (BTA) — to strengthen dialogue and cooperation with the U.S. There’s also a strategic push to expand imports of select American products that align with Vietnam’s market demand, as a gesture of goodwill and economic balancing.

Turning Challenge into Opportunity

While the tariffs undoubtedly pose a challenge, economic experts say this could also be a wake-up call for Vietnam to re-examine its global trade position and economic resilience.

“This is a moment for Vietnam to truly understand the strength of its economy,” said one industry analyst. “High tariffs can hurt, but they also push us to diversify export markets, innovate in domestic production, and reduce over-reliance on any single trade partner.”

The Road Ahead

Vietnam’s proactive response suggests that it is not approaching the issue passively. From diplomatic negotiations to trade strategy recalibrations, the country is aiming to turn this setback into a springboard for long-term economic transformation.

As the U.S.-Vietnam trade relationship enters a new phase, all eyes will be on how both governments navigate these tensions — and whether diplomacy and economic cooperation can once again prevail.

Vietnam’s Deputy Prime Minister to Meet U.S. Treasury Secretary Amid Reciprocal Tariff Tensions

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Vietnam’s Deputy Prime Minister Hồ Đức Phớc is currently on an official trip to the United States to negotiate issues related to newly imposed reciprocal tariffs, with a key meeting scheduled with U.S. Treasury Secretary Scott Bessent.

As of April 9, the U.S. has implemented a new round of tariffs targeting major trading partners — and Vietnam faces one of the steepest rates at 46%. Vietnam is currently the fourth-largest trading partner of the U.S., with a reported trade deficit of $123.5 billion last year, according to U.S. data. However, Vietnam’s Ministry of Industry and Trade estimates the gap at around $119 billion.

According to sources from VnExpress, Deputy PM Phớc is expected to meet with Secretary Bessent on April 10 (Vietnam time). Reuters has also reported that he will hold discussions with top executives from major U.S. companies, including Boeing, SpaceX, and Apple.

A highlight of the Deputy PM’s trip is his planned attendance at a signing ceremony between Vietnamese airline Vietjet and global investment firm KKR. Just last week, Reuters reported that Vietjet is preparing to secure a $200 million financing deal with KKR to expand its aircraft fleet.

The visit comes amid growing speculation that Vietnam could be among the first to reach a trade agreement with the U.S. under the current tariff regime. Aniket Shah, an analyst at U.S. investment bank Jefferies, recently identified Vietnam — along with the UK, Japan, India, and Cambodia — as among the five nations “most likely to strike a deal quickly.”

Shah’s analysis is based on five key factors: the relationship between each government and the Trump administration, the volume of U.S. imports they receive, the role of U.S. exports in their GDP, the current tariff gap, and overall economic resilience.

In response to the tariffs, the Vietnamese government has been actively seeking solutions to minimize their impact. Hanoi has formally requested that Washington delay the implementation of the new tariffs by at least 45 days to allow time for negotiations, transition, and preparation.

In a notable diplomatic move last week, General Secretary Tô Lâm held a phone call with former President Donald Trump, expressing Vietnam’s willingness to reduce tariffs to zero on U.S. imports — and urging the U.S. to do the same for Vietnamese goods.

Further signaling its commitment to easing trade tensions, Vietnam recently issued Decree 73, which reduces MFN (Most Favored Nation) tariffs on 16 product groups — 13 of which are seen as advantageous to U.S. exporters.

During an April 8 hearing before the U.S. Senate Finance Committee, U.S. Trade Representative Jamieson Greer acknowledged Vietnam’s move to lower tariffs on American cherries, apples, and almonds — products that are especially significant to Western U.S. states.

As Vietnam ramps up diplomatic and trade efforts, all eyes are on Washington to see whether this new round of negotiations will ease tensions and foster renewed economic cooperation between the two nations.

Global Sourcing Fair Vietnam 2025: Key Opportunities for Buyers

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As Vietnam cements its position as a premier manufacturing hub, international buyers are increasingly turning to the country for high-quality products, cost-effective production, and flexible sourcing solutions. With its competitive labor costs, skilled craftsmanship, and strong export capabilities, Vietnam offers an ideal destination for businesses looking to diversify their supply chains and seize market opportunities.

To facilitate this growing demand, Global Sourcing Fair Vietnam 2025 will connect buyers with over 500+ top-tier Vietnamese and Asian manufacturers, ensuring a seamless and effective sourcing experience. The event is set to take place from 24–26 April, 2025, at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, Vietnam. It will feature a dedicated 1:1 Business Matching Program, fostering valuable connections between buyers and verified suppliers in the Home & Gifts, Fashion & Accessories, and Electronics & Home Appliances sectors.

Unlocking Valuable Subsidy with the Hosted Buyer Program

To simplify sourcing in a competitive market, Global Sourcing Fair Vietnam offers the Hosted Buyer Program, facilitating pre-scheduled meetings between qualified buyers and top suppliers. With financial incentives, the program ensures efficient, rewarding negotiations.

As part of the Hosted Buyer Program, participants can receive a travel subsidy:

For Strategic Buyers:

Receive a $60 travel subsidy when you complete 6–9 meetings
Receive a $120 travel subsidy when you complete 12–18 meetings

For VIP buyers with higher subsidies

Receive a $140 travel subsidy when you complete 6–9 meetings
Receive a $280 travel subsidy when you complete 12–18 meetings

Each 15-minute meeting maximizes efficiency and high-value connections. Subsidies are granted upon completing scheduled meetings at the show.

Enhancing the Business Experience with More Benefits

VIP buyers in the Hosted Buyer Program also benefit from the Customized Business Matching Service with pre-arranged daily meetings with verified manufacturers. Beyond the showroom floor, VIP buyers gain access to VIP Networking & Hospitality — from exclusive sightseeing tours to entry to the Drink & Chill Lounge — fostering valuable business connections.

Maximize Business Opportunities with Referral Bonuses

Buyers who invite qualified industry peers to the program not only expand their professional network but also earn a $40 referral bonus, while their referred contacts receive the same Hosted Buyer benefits.

Testimonials from Business Matching Participants

Why Asian Buyers Should Source from Vietnam?

Vietnam is emerging as a top global manufacturing hub, offering competitive pricing, skilled labor, and export-ready production capabilities. With low MOQs (Minimum Order Quantities), Vietnam is an ideal sourcing destination for businesses looking to test new products and scale efficiently.

At Global Sourcing Fair Vietnam 2025, buyers will have direct access to 30,000+ export-ready products, engage with leading Vietnamese suppliers, and gain firsthand market insights—ensuring a strategic sourcing advantage.

Join the Business Matching Program Today!

Register now: https://bitly.li/Q1ko

For buyers looking to optimize their sourcing process and connect with Vietnam’s top manufacturers, the Business Matching Program at Global Sourcing Fair Vietnam 2025 is a must-attend opportunity.

Date: April 24–26, 2025
Venue: Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, Vietnam
Contact: gsvietnam@globalsources.com

Vietnam Among Top 5 Countries Likely to Strike a Trade Deal with Trump First

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In the wake of renewed tariff tensions, investment bank Jefferies Group has identified five countries most likely to ink a trade deal with the U.S. under a potential second Trump administration — and Vietnam is on that shortlist.

According to Aniket Shah, Jefferies’ Head of Sustainability, Transformation, and Washington Strategy, the UK, Japan, Vietnam, India, and Cambodia are best positioned to negotiate early trade agreements with President Donald Trump, should he return to the White House.

These predictions come as U.S. stock markets continue to react to Trump’s “reciprocal tariff” agenda. On Wednesday, the S&P 500 slipped 1.6%, while the Nasdaq Composite and Dow Jones dropped more than 2% and 0.8%, respectively.

Trump has signaled willingness to renegotiate tariffs, and Jefferies believes several U.S.-linked companies could stand to gain significantly if trade deals materialize. The five countries were selected based on multiple criteria, including:

Their political ties to Trump
The volume of U.S. imports they receive
U.S. exports’ contribution to their GDP
Current tariff disparities
Overall economic resilience

The newly announced tariffs are steep: 10% on the UK, 24% on Japan, 46% on Vietnam, 26% on India, and 49% on Cambodia.

Winners to Watch: Nike, Boeing, Amazon

Among companies likely to benefit from potential deals, Nike stands out. With close manufacturing ties to Vietnam and Cambodia, the sneaker and apparel giant has been hit hard by Trump’s tariff rhetoric. Nike shares have dropped nearly 18% in the past week. Yet, there’s optimism ahead — the company is projected to produce about 50% of its footwear and 28% of its apparel in Vietnam by 2024, and last year, 15% of its apparel was made in Cambodia.

Analyst Randal Konik maintains a bullish outlook on Nike, issuing a “buy” rating with a $115 price target — implying a potential 116% upside from its April 8 closing price. Of the 40 analysts tracking Nike, half rate it a strong buy or buy, according to LSEG.

Boeing could also see upside, especially from deals with the UK, Japan, and India — key markets for its international aircraft orders. Over two-thirds of Boeing’s deliveries in the past decade have gone to customers outside the U.S.

Tech titan Amazon is another potential beneficiary, particularly from trade deals with the UK and Japan, where it maintains strong market footprints.

Vietnam’s Moment?

Vietnam’s inclusion in this high-stakes list is especially noteworthy. As one of the fastest-growing manufacturing hubs in Asia and a critical link in global supply chains, Vietnam could be poised for even deeper economic integration with the U.S. if a deal is reached.

With geopolitical shifts accelerating and global markets watching closely, the road to new trade alignments may be shorter than expected — and Vietnam is well in the race.

Southeast Asia’s Rising Stars Shine in the Asia-Pacific Best Cities Ranking for 2025

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The Asia-Pacific region continues to redefine global urban excellence, and the 2025 “Asia-Pacific’s 100 Best Cities” ranking by Resonance Consultancy places Southeast Asia firmly in the spotlight. With a dynamic mix of cultural richness, economic vitality, and rapid urban transformation, the region’s cities are gaining increasing recognition on the world stage.

Singapore Leads the Pack

At the pinnacle of the list is Singapore, cementing its role as a global city-state known for innovation, efficiency, and world-class infrastructure. Its top ranking underscores the city’s sustained appeal as a place to live, work, and invest.

Vietnam Makes Its Mark

Vietnam emerges as one of the most notable success stories in the 2025 ranking. Hanoi and Ho Chi Minh City both secure strong positions within the top 100, signaling the country’s rapid urban and economic development. Hanoi, the historic capital, and Ho Chi Minh City, the southern commercial hub, each received a “★” symbol, suggesting special recognition—potentially for standout performance across certain criteria such as cultural vitality, livability, or investment potential.

Adding to Vietnam’s representation is Da Nang, the coastal city increasingly known for its livability, tourism, and growing tech scene. The presence of three Vietnamese cities in the ranking reflects the country’s rising regional influence and growing attractiveness to both domestic and international audiences.

Regional Powerhouses and Hidden Gems

Southeast Asia’s diversity is well-represented in the top 100. Bangkok and Kuala Lumpur maintain their positions as key urban centers, both landing in the top 10 thanks to their robust infrastructure and global connectivity.

Elsewhere, cities like Jakarta, Penang, Johor Bahru, and Phnom Penh highlight the region’s broad spectrum of urban development. Even lesser-known cities such as Ipoh in Malaysia, Cebu and Davao City in the Philippines, and Bandung in Indonesia are gaining international attention, pointing to the growing economic and cultural significance of secondary cities.

A Testament to Urban Transformation

This year’s rankings not only reflect present-day performance but also hint at future potential. Southeast Asian cities are increasingly being seen as dynamic environments for talent, tourism, and innovation. They offer compelling alternatives to traditional global powerhouses, particularly for investors, digital nomads, and travelers seeking fresh opportunities.

While Singapore continues to set the benchmark, the growing visibility of other cities across Southeast Asia signals a shift in the region’s urban narrative—from a few dominant players to a mosaic of rising stars.

Looking Ahead

As urbanization accelerates and regional cooperation strengthens, Southeast Asia’s cities are poised for even greater prominence in the years to come. The 2025 “Asia-Pacific’s 100 Best Cities” ranking is more than just a list—it’s a snapshot of a region on the rise.

Vietnam to Boost U.S. Imports, Including Defense Equipment, Amid Rising Trade Tensions

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Vietnam has pledged to increase its purchases of American goods—including defense and security products—as part of efforts to address its growing trade surplus with the United States and ease tensions following the recent U.S. tariff announcement.

In a statement released late Monday, Prime Minister Pham Minh Chinh said that Vietnam has formally requested a 45-day delay in the imposition of new U.S. tariffs to allow time for negotiations aimed at ensuring balanced and sustainable trade, the Reuters reported.

At a cabinet meeting, the Prime Minister also said that Hanoi is pushing for accelerated deliveries of commercial aircraft ordered from American manufacturers, including Boeing, as part of efforts to narrow the trade gap. In 2023, Vietnam recorded a trade surplus of over $123 billion with the United States, its largest export market.

The U.S. recently announced a new tariff of 46% on certain Vietnamese goods, prompting concerns over the future of bilateral trade. The proposed delay in implementing the tariffs would give both sides time to resolve outstanding issues.

The Vietnamese government emphasized its willingness to cooperate with the U.S. to address Washington’s trade concerns. These include allegations of goods being transshipped from China to evade tariffs, the dumping of seafood and other products, and intellectual property violations.

White House trade adviser Peter Navarro on Monday highlighted Vietnam as a top concern after China, saying it faces multiple cases under investigation by the U.S. Department of Commerce. “They engage in intellectual property theft,” Navarro said in an interview with CNBC.

In response, Prime Minister Chinh said Vietnam will review relevant policies—including its monetary policy, exchange rate mechanisms, and non-tariff barriers—and strengthen efforts to ensure transparent origin labeling on exports.

Following a meeting of its tariff task force on Tuesday, the Vietnamese government announced it is also considering adjustments to the current bilateral trade agreement with the U.S. These updates may include enhanced provisions on taxation and intellectual property protection.

The trade tensions have already impacted investor sentiment. Since the tariff announcement on April 2, Vietnam’s benchmark VN-Index has declined nearly 14%, including a sharp 6.26% drop in early trading on Tuesday to 1,135 points.

Despite current challenges, both sides appear open to negotiation. On Friday, former U.S. President Donald Trump and Vietnamese President To Lam held a phone call described as “very productive,” during which they agreed to discuss a potential resolution to remove the tariffs.

Since the U.S. lifted its arms embargo on Vietnam in 2016, American defense exports have remained limited, primarily consisting of coastguard vessels and training aircraft. However, sources told Reuters that discussions have taken place regarding potential sales of Lockheed Martin C-130 Hercules military transport aircraft to Hanoi.

As Vietnam deepens its strategic and economic ties with the U.S., its approach to navigating trade pressures while modernizing its defense capabilities will be closely watched in the region and beyond.

Vietnam Tops the List of Most Affordable Countries to Live, Survey Finds

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Vietnam continues to shine as a top destination for budget-conscious expatriates around the world.

According to the 2024 Expat Insider survey by InterNations, Vietnam has once again secured the top spot as the most affordable country for expatriates—marking the fourth consecutive year it has claimed this title. The survey, which is one of the most comprehensive global studies of life abroad, assesses key factors including cost of living, financial satisfaction, and comfort with income levels.

An impressive 86% of expats in Vietnam reported satisfaction with their financial situation—well above the global average—demonstrating that life in Vietnam offers not only affordability but also financial stability for foreigners living and working here.

Beyond the financial perks, Vietnam’s vibrant culture, world-renowned cuisine, and welcoming communities add to its charm. From bustling cities like Hanoi and Ho Chi Minh City to peaceful beach towns and mountainous retreats, Vietnam offers a wide range of lifestyle options at a fraction of the cost of many Western countries.

A Glimpse at the Other Budget-Friendly Countries

Trailing Vietnam in the affordability rankings is Colombia, which landed in second place. The South American country is beloved for its diverse landscapes, rich heritage, and growing economy. Many expatriates report enjoying both a high quality of life and financial freedom there.

In third place is Indonesia, where beautiful islands, affordable housing, and vibrant local culture make it an ideal destination for expats seeking a tropical and economical lifestyle. The Philippines, ranked fifth, also stands out with its low cost of living, warm hospitality, and stunning coastal destinations, making it a favorite among retirees and digital nomads alike.

Other Countries in the Top 10

Rounding out the Top 10 Most Affordable Countries to Live in 2024 are:

India – Offering a vast cultural landscape and extremely low living costs.
Mexico – Loved for its warm climate, coastlines, and lively local culture.
Thailand – Known for its expat-friendly cities, street food, and healthcare system.
Brazil – With its festive atmosphere and affordable urban living.
China – Where expats benefit from affordable transport, housing, and food.

As cost of living becomes a growing concern for people across the globe, these countries stand out for offering more than just savings. They provide opportunities for a balanced, enriched, and enjoyable lifestyle—and Vietnam continues to lead the way.

Southeast Asian Countries with the Most Public Holidays: Indonesia Tops the List

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Southeast Asia is known for its rich cultural diversity and vibrant celebrations, and this is reflected in the number of public holidays each country observes. In 2024, Indonesia leads all ASEAN nations with the highest number of public holidays—a remarkable 27 days off, allowing citizens to celebrate an array of religious, national, and cultural events throughout the year.

Indonesia’s holiday calendar is shaped by the country’s pluralistic society. Major observances include Eid al-Fitr, Eid al-Adha, Nyepi (Balinese Day of Silence), Vesak (Buddha’s Birthday), Christmas, and Independence Day, among others. These holidays represent the nation’s diverse faiths and cultural traditions.

Cambodia follows closely with 22 public holidays, often steeped in Buddhist traditions and royal commemorations. Myanmar takes third place with 19 national holidays, also heavily influenced by religious and historical events.

In the middle range, both the Philippines and Thailand offer 18 national holidays each, reflecting a blend of religious and national observances. Brunei Darussalam and Malaysia come next, with 16 holidays apiece, marking Islamic festivals and royal milestones.

Vietnam grants its citizens 15 public holidays, covering events such as Tết (Lunar New Year) and National Day. Singapore, a global hub with a multicultural population, has 11 holidays, while Laos records the fewest in the region, with just 9 official days off in 2024.

These differences illustrate the unique cultural and religious makeups of each country and how they influence public life. For travelers and businesses alike, understanding each nation’s holiday calendar is essential for planning ahead and embracing the region’s festive spirit.