Online travel scams: Vietnam National Tourism Administration speaks out

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Providing information about registered tourism service businesses so that people and tourists can know and book services is one of the contents that the Vietnam National Tourism Administration recommends localities to implement to avoid fraud.

Recently, the Vietnam National Administration of Tourism sent a document to the Department of Culture, Sports and Tourism and the Department of Tourism of provinces and cities on preventing, stopping and handling fraudulent activities of appropriating assets on cyberspace in the tourism sector.

Tourism Department recommends

The document of the Vietnam National Administration of Tourism clearly stated that recently, the situation of fraud and property appropriation in the tourism sector, especially online booking fraud, has been increasing. This has negatively affected the image of the tourism industry, causing public outrage.

The document also cites fraudulent forms such as creating fake websites and fanpages of reputable tourism service businesses with tricks of discounts, fake promotions and requests for deposits in advance…

To prevent, stop and handle fraudulent activities of appropriating assets using high technology in cyberspace, the Vietnam National Administration of Tourism has proposed many contents to localities in the tourism sector.

First of all, strengthen propaganda to businesses and people about new forms of fraud; advise people to carefully research information of tourism service providers and payment transactions.

Or you should only book services on official websites and fanpages in places provided by local tourism management agencies…

“Provide information on registered tourism service businesses in the area so that people and tourists can know and book services.

At the same time, coordinate to fully update information on local tourism service providers to the database system of the Vietnam National Administration of Tourism for widespread and official announcement nationwide,” the document emphasized.

In addition, tourism service businesses need to provide information on official websites, fanpages, and social networking platforms to local tourism departments to enhance the identification of official fanpages and websites.

Particularly for petitions reflecting on tourism, local tourism management agencies need to promptly receive and resolve petitions; strengthen inspection and handle violations; and not spread or take advantage of false information about tourism service businesses to attract tourists’ attention.

Source: tuoitre.vn

Dugong Spotted Swimming Near the Shore in Con Dao

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In recent days, social networks have been sharing video clips of dugongs appearing on the coast of Con Dao with quite clear images. The image of dugongs swimming in the blue water makes Con Dao even more beautiful.

Close-up of dugongs in Con Dao – Photo: PHAM TAN HUY
According to records, at least two video clips showing dugongs (also known as sea cows) appearing in Con Dao have been posted on social networks in recent days.

A 30-second clip of a dugong in Ben Dam Bay, Con Dao. Nguyen Phung Hung, a resident of the island, said he had this clip thanks to many people sharing it with each other, so he posted it on his personal page . He guessed that the person who filmed the clip might be a canoe driver who picks up and drops off tourists.

Notably, there is another video filmed quite professionally with a flycam by Mr. Pham Tan Huy – an employee of the Con Dao District Cultural Information Center .

Mr. Huy said that at around 2:00 p.m. on February 17, while flying a flycam to make a report about the banyan tree changing leaves on Ton Duc Thang Street – the center of Con Dao, he discovered a large animal swimming close to the shore (in the area of ​​Con Son Bay). At first he thought it was a fish, but then he realized it was a dugong, so he let the flycam fly for quite a long distance.

After that, Mr. Huy posted this video clip on social networks and it was shared by many fanpages and social networks.

People often call dugongs “duck fish” and explain that this species bends down to the seabed to eat seagrass and seaweed – their main food source.

There are about 12 dugongs regularly appearing in Con Dao.

According to the latest scientific research published in 2024, in the waters of Con Dao, there are about 12 dugongs that regularly appear and feed on the seagrass beds. In the waters of Con Dao, there are hundreds of hectares of seagrass, so dugongs mainly feed in Con Son Bay, Six Senses Beach and Bay Canh Island.

The frequency of seeing dugongs living and foraging in Con Dao is highest in June and September every year. In Vietnam, in addition to the waters of Con Dao, dugongs are also found in Phu Quoc .

Source: tuoitre.

Woman Fined 7.5 Million VND for Spreading False Rumors About Being Sedated at Night

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The girl who posted false information about being drugged in the middle of the night in Da Nang has just been administratively punished.

On February 20, the Internal Political Security Department of Da Nang Police summoned Ms. HKL (21 years old, residing in Lien Chieu District, Da Nang) to announce the decision to impose an administrative penalty for the act of providing false information .

HKL is the girl who posted false information “hitchhiking was drugged” late last night.

Previously, on February 17, on his personal Facebook page, HKL posted an article titled “Warning corner: tonight, I was drugged terribly on Vo Van Kiet Street, Da Nang”.

Along with the title, the article also describes the events that took place according to the subjective feelings of the individual, and at the same time contains many arguments and inferences that cause confusion in public opinion.

The post quickly attracted more than 11,000 likes, 10,000 comments and 28,000 shares.

After receiving the information, Da Nang Police units stepped in to clarify the matter. In a short time, the police worked with the young man mentioned in the false story that HKL wrote on his personal Facebook. Thereby, it was determined that the story of “being drugged” as HKL posted was completely false.

Based on the records, documents and evidence collected, the police determined that HKL’s actions violated Decree 15 of the Government on regulations on administrative sanctions for violations in the fields of post, telecommunications, radio frequencies, information technology and electronic transactions.

The authorities decided to fine HKL 7.5 million VND for administrative violations.

Source: tuoitre.

Pi Trading Frenzy: Betting on the Dream of a Life-Changing Fortune?

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Pi Network, a cryptocurrency project launched in 2019 by a group of researchers from Stanford University (USA), has attracted special attention with the promise of free mining on smartphones.

Cryptocurrency has long been a global phenomenon, changing the way people look at finance, investing, and economic value.

On February 20, when Pi Network officially entered the Open Network phase of Mainnet , the user community once again sparked heated debates about the potential of Pi as well as the role of cryptocurrency in the future.

So, what perspective is reasonable when assessing the confidence and prospects of Pi Network in particular and cryptocurrencies in general?

Pi Network: Trust from simplicity and accessibility

What makes Pi Network attractive is its simplicity and popularity. Unlike Bitcoin or Ethereum, which require powerful hardware and consume a lot of energy, Pi Network allows users to “mine” Pi coins simply by checking in daily on the mobile app.

With over 60 million users globally and 12 million people having completed KYC by mid-2024, Pi Network has built a large community, especially in countries like Vietnam, Korea, and China.

This ease has fueled the belief that cryptocurrencies are no longer a “playground” reserved for the tech world, but can become a financial tool for everyone.

With cryptocurrencies in general, the future remains a big question mark

Blockchain technology is increasingly being applied in many areas, from finance to supply chains, but global acceptance depends on regulation and public trust.

In Vietnam, where cryptocurrency is not yet legally recognized, participating in Pi Network or any other project requires sobriety and understanding to avoid legal and financial risks.

Pi Network and cryptocurrencies are two sides of a larger trend: the shift to a digital economy . The belief in Pi Network comes from its accessibility and ambitious vision, while the potential of cryptocurrencies lies in their ability to change the way we transact and store value.

However, there needs to be a balance between hope and reality.

For participants, instead of blindly betting on the dream of “changing your life”, consider this as an opportunity to learn about blockchain and new financial markets . In the world of cryptocurrencies, knowledge and caution are always the key to turning trust into real value.

Next is the acumen. For some savvy and acumen investors, the optimistic psychological FOMO is a life-changing opportunity and also a lucrative bait for them.

They can surf Pi through exchanges or buy black market OTC to make a profit on the difference.

However, buying OTC at a reasonable price must be based on general knowledge of finance, crypto, knowing how to consider the potential of the community, considering the total supply of the project, the potential of listing prices, applying technology and utilities to the coin to be able to make a reasonable buying and selling decision, not simply “strong belief to change your life”.

Source: tuoitre.vn

Vietnam boosts car exports

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Information from automobile manufacturing, assembling and exporting enterprises in Vietnam shows that they are actively expanding the international market, not only serving domestic demand but also aiming for export.

According to a representative of Thaco Group , since the beginning of 2025, Thaco Auto has successfully exported a series of products abroad. Specifically, 120 Kia Frontier K2500 trucks have been brought to the Middle East market, marking an important step in conquering an area with strict quality standards.

In addition, 400 Kia New Carnival body kits continue to be exported to India, while 45 Peugeot Django 150cc motorbikes have arrived in Cambodia. All of these products are manufactured at the Thaco Auto complex in Chu Lai, Quang Nam.

Hyundai Thanh Cong (TC Motor) is also boosting exports. Mr. Nguyen Anh Tuan, Chairman of TC Motor, said that after successfully exporting hundreds of Hyundai Palisade cars to Thailand in 2024, the company plans to boost exports of some car models to international markets in 2025.

The presence of passenger cars produced in Vietnam in Thailand, a country famous as the leading automobile manufacturing center in Southeast Asia, is not only an important step forward but also considered a spectacular “comeback” in the Vietnamese automobile industry.

Meanwhile, VinFast, the automobile brand of billionaire Pham Nhat Vuong, also continues to expand its scope of operations, with plans to launch the VF3 left-hand drive version in Indonesia, not to mention a number of other markets.

According to experts, automobile export not only brings benefits to businesses but also makes an important contribution to the economy, promoting the development of supporting industries.

This helps improve the quality of domestic cars, optimize production costs, and at the same time bring consumers better quality products at more reasonable prices.

Source: tuoitre.vn

International newspapers say Vietnam is leading in tourism recovery after the pandemic, what should the tourism industry do this year?

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Recently, Tempo newspaper (Indonesia) reported that Vietnam has the fastest tourism recovery rate after the COVID-19 pandemic in Southeast Asia. To continue to improve its position and expect to welcome 22-23 million international tourists in 2025, what should the tourism industry do?

According to the General Statistics Office, in 2024, Vietnam will welcome nearly 17.6 million international visitors, a 98% recovery compared to the record level in 2019, the pre-pandemic period. This impressive figure has surpassed other famous destinations such as Thailand, Singapore, and Indonesia.

Vietnam’s tourism industry aims to welcome 22-23 million international visitors by 2025, achieving total tourism revenue of 45-50 billion USD. In order for Vietnam to affirm its position as a leading regional tourism center and attractive destination, according to experts, the tourism industry “has a lot of work to do”.

Green Travel

According to Ms. Huynh Phan Phuong Hoang – Deputy General Director of Vietravel, in order for Vietnam’s tourism industry to continue its development momentum in 2025, to achieve an average growth rate of 10-12% per year, and to create 2 million more jobs in the tourism industry, Vietnam’s tourism industry needs to implement a number of development orientations.

“Develop sustainable and environmentally friendly tourism, increase the application of green tourism models, renewable energy and green technology in the tourism industry.

Next is to digitize the national tourism data system, apply AI and Big Data to personalize customer experience. Develop online tourism platforms, support information, booking, payment and automatic tour guidance.

Expanding potential international tourism markets is also necessary, such as Northeast Asia, Europe, North America and India; developing high-quality tourism such as resort tourism, health care tourism , MICE tourism,” Ms. Hoang listed the key tasks.

In addition, improving tourism infrastructure and services, supporting tourism businesses and tourism startups, strengthening international cooperation and regional connectivity; developing community tourism and enhancing local cultural identity – these are the things that Ms. Hoang needs to focus on to link with the Vietnamese tourism brand.

From the perspective of a business operating in three tourism markets: domestic, outbound and inbound, Ms. Tran Thi Bao Thu, representative of Vietluxtour, shared that businesses need to choose product quality as a sustainable competitive advantage, promoting online marketing strategies to markets and customer segments.

Increase international tourists’ experience at Vietnam destinations longer than other countries in Indochina inter-route programs; invest in R&D activities to continuously innovate tourism products…

Taking advantage of digital platforms, promoting the country’s image

To be an attractive, safe and friendly destination that always welcomes international tourists, according to a tourism expert, Vietnam will explode with three new tourism trends to attract visitors, which are green tourism, night tourism and heritage tourism.

However, this person believes that nowadays “everything is on digital platforms”, so it is necessary to rely on this platform to promote the country’s image.

“International tourists now often search for information and book services through websites and fanpages, so investing in online advertising targeting specific markets will help Vietnamese tourism compete effectively,” he said.

In addition, Vietnam’s tourism human resources need to be “upgraded”: well-trained, foreign language and communication skills; professional capacity in all aspects to international standards.

Recovery thanks to liberal visa policy

Behind Vietnam in terms of recovery rate after the COVID-19 pandemic, Indonesia’s Tempo newspaper said Malaysia is in second place with a recovery rate of 94%, Thailand 88%, Singapore 86%, Indonesia 86% and the Philippines 72%.

Vietnam tourism recovers strongly after COVID-9 pandemic thanks to open visa policy.

Source: tuoitre.vn

Vietnamese Embassy in Mexico supports 11 citizens kidnapped in Chihuahua state

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After being rescued, 11 Vietnamese citizens are currently staying at the immigration station in Villahermosa city, Tabasco state.

Regarding the recent rescue of 49 people, including 11 Vietnamese, by Mexican police who were kidnapped in Chihuahua state, near the US border, on February 20, the Vietnamese Embassy in Mexico contacted local authorities and learned that these 11 Vietnamese citizens are currently staying at the immigration station in Villahermosa city, Tabasco state (nearly 800km from the Mexican capital).

Immediately after receiving the information, the Vietnamese Ministry of Foreign Affairs directed the Vietnamese Embassy in Mexico to visit and provide appropriate support to the citizens. Currently, the health of the Vietnamese citizens is stable.

The Vietnamese Embassy in Mexico is continuing to work closely with local authorities to closely monitor the situation and be ready to take necessary citizen protection measures.

As reported by Tuoi Tre Online , previously police in Juarez city, Mexico announced that they had rescued 49 migrants, including 11 Vietnamese, who were kidnapped and held for ransom while trying to cross the border into the US.

Police also arrested three men accused of holding 49 migrants against their will in a house in the Colonia Hidalgo area, threatening them with an M-1 Carbine rifle.

“Migrants are kidnapped as soon as they reach the border and contact someone who can help them cross into the United States. Once detained, these groups demand more money from them,” said Luis Aguirre, chief of the Chihuahua State Police Office.

The accused kidnappers were taken by police to Cereso Prison No. 3 on February 16.

Source: tuoitre.vn

Vietnam’s Electric and Hybrid Vehicle Market Accelerates

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Vietnam’s electric and hybrid vehicle market is experiencing rapid growth, with industry experts forecasting a 25-30% increase by 2025.

By the end of this year, electric and hybrid vehicles are expected to account for 15-20% of total passenger car sales, driven by models from VinFast, Toyota, Honda, Hyundai, Kia, BYD, and MG. The most dynamic segments include small electric cars, affordable EVs, and mid-range hybrids.

According to the Oto.com.vn Market Research Department, key factors fueling this growth include government incentives, expanding EV charging infrastructure, new model launches, and rising consumer awareness. In 2024, Vietnam saw a sharp rise in green car sales, with 97,000 electric and hybrid vehicles sold, representing over 22% of new passenger car sales. VinFast dominated the market with 87,000 EVs, followed by Toyota (5,350 hybrid cars), Suzuki (2,515), and Honda (1,905).

The Vietnamese government is actively promoting EV adoption as part of its commitment to carbon neutrality by 2050. Incentives include a 0% registration fee for battery electric vehicles (BEVs) until February 2025, followed by a 50% reduction compared to gasoline and diesel cars until February 2027.

Major enterprises, including VinFast, V-Green, Petrolimex, PV Power, and EVN, are expanding the country’s EV charging network, addressing a key barrier to adoption. Consumer interest is also surging, as seen in the launch of VinFast’s mini SUV VF3 in May 2024, which attracted nearly 27,700 deposits in just 66 hours and generated over 30,000 Google searches. Additionally, Chinese electric car brands are entering the market, increasing competition and accessibility.

To achieve the ambitious 25-30% market share goal, continued government support, investment in infrastructure, and further research and development will be essential. Plans to subsidize electricity prices for EV charging stations are among the measures being considered to accelerate Vietnam’s transition to green mobility.

Global Interest in Vietnamese Tourism Surges

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International interest in Vietnamese tourism is on the rise, with global searches for accommodations in Vietnam increasing significantly, according to the Tourism Information Technology Centre under the Vietnam National Authority of Tourism (VNAT).

From late November to January, searches grew by 15-30% year-over-year, with the momentum continuing into February, reaching a 30-50% increase. The United States led in search volume, followed by Australia, India, Japan, South Korea, Singapore, the UK, Canada, Germany, and Malaysia.

Top destinations searched by international travelers include Ho Chi Minh City, Hanoi, Danang, Phu Quoc, Nha Trang, Hoi An, Da Lat, Phan Thiet, Hue, and Vung Tau.

Vietnam welcomed nearly 2.1 million foreign visitors in January, marking a 36.9% year-over-year increase. The country aims to attract 22-23 million international tourists and 120-130 million domestic travelers in 2024.

As part of its tourism stimulus program for 2025, the Vietnamese government has introduced a visa exemption policy for citizens of Poland, the Czech Republic, and Switzerland. The policy will be in effect from March 1 to December 31, 2025.

Golden Gate Acquires The Coffee House Amid Vietnam’s Challenging F&B Market

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Golden Gate Group, the powerhouse behind Kichi Kichi, Gogi House, and Manwah, has reportedly acquired The Coffee House from Seedcom, signaling a major shift in Vietnam’s competitive food and beverage (F&B) industry.

Acquisition Details Remain Unconfirmed

According to Deal Street Asia, Golden Gate Trading and Service Joint Stock Company has taken over The Coffee House, although Seedcom has yet to make an official statement regarding the transaction. A VnExpress source revealed that the deal was finalized in December 2023.

At the same time, Golden Gate’s board of directors held an extraordinary meeting, deciding to cancel its planned 53% cash dividend payout for 2023 to redirect financial resources toward large-scale domestic and international expansion projects for the 2024-2025 period. The company sees this as a strategic move to reinforce its long-term growth.

Golden Gate Faces Profit Decline Amid Expansion Plans

Golden Gate has also closed several underperforming branches following a sluggish year in 2023. Its audited financial report shows that revenue dropped nearly 10% to VND 6.29 trillion, while after-tax profit plummeted to VND 139 billion, just one-fifth of the previous year’s figure. Excluding the pandemic period (2020-2021), this marks the company’s lowest profit since 2017.

Despite the downturn, Golden Gate remains committed to aggressive expansion, leveraging its strong brand portfolio to navigate market challenges.

The Coffee House Struggles Amid Market Shifts

Once a leading coffee chain in Vietnam, The Coffee House has seen a significant decline in performance. According to Vietdata, its market share in 2023 fell to nearly the 2021 level of 2.02%, while revenue dropped 11% to approximately VND 700 billion. The chain also recorded negative after-tax profits in both 2022 and 2023, with losses in the hundreds of billions of VND.

The Coffee House has undergone major store closures, reducing its footprint to just 93 locations—over 50 fewer than at the end of 2023. Most of the closures occurred in Ho Chi Minh City, Hanoi, and neighboring provinces, while the chain completely withdrew from Da Nang and Can Tho.

CEO Ngo Nguyen Kha previously acknowledged that customer behavior has shifted, making previous strategies less effective. The Coffee House was once a pioneer in offering stylish café spaces, high-speed WiFi, and a comfortable atmosphere for freelancers and students. However, instead of focusing on physical stores, the company pivoted toward digital ordering, with its app accounting for 50% of daily transactions by mid-2024, reaching 1.8 million downloads.

Vietnam’s F&B Market Faces Intensifying Competition

The struggles of The Coffee House reflect broader challenges in Vietnam’s F&B sector. According to iPOS, Vietnam had around 304,700 F&B outlets in early 2024, but the number has declined by 3.9%, with at least 30,000 stores shutting down due to intense competition and changing consumer habits.

iPOS CEO Vu Thanh Hung noted that despite the continued expansion of the industry, consumer spending growth has not kept pace with the rapid proliferation of F&B businesses since the pandemic. Even well-established brands with strong customer loyalty are feeling the pressure of economic fluctuations.

Expert Insight: A Strategic Move for Golden Gate

Sophie Dao, Senior Partner at GBS, a firm advising foreign investors in Vietnam, views Golden Gate’s acquisition of The Coffee House as a calculated strategic move. “Vietnam’s F&B landscape is evolving rapidly, and only brands that adapt to changing consumer behaviors will thrive. Golden Gate’s investment in The Coffee House could revitalize the brand by integrating operational efficiencies and leveraging its existing expertise in foodservice management,” she said. “With its experience in scaling restaurant chains, Golden Gate has the potential to reposition The Coffee House as a stronger player in the market.”

Looking Ahead: Can Golden Gate Turn The Coffee House Around?

With the Vietnamese coffee market becoming increasingly competitive, Golden Gate’s acquisition signals a potential turnaround for The Coffee House. However, success will depend on whether the company can reinvent the brand, optimize operations, and align with shifting consumer trends.

Chinese Investors Lead Vietnam’s New FDI Projects Amid Strong January Growth

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Vietnam’s foreign direct investment (FDI) landscape saw a strong start in January 2025, with newly registered capital surging by 48.6% year-on-year, marking the highest growth rate for January since 2021, despite the Lunar New Year holiday. According to the latest report from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, China emerged as the leading investor in new projects and capital commitments, reinforcing its growing presence in Vietnam’s economy.

China Takes the Lead in FDI Inflows

While the number of new FDI projects declined slightly (down 6.6% on-year) to 280, the total newly registered capital reached nearly $1.29 billion, despite a 43.6% drop in value compared to the same period last year. China accounted for 30.1% of newly registered projects and 29.54% of total capital, solidifying its role as Vietnam’s top investment partner.

Notably, Chinese investments have shifted towards high-tech and green industries, moving beyond traditional sectors such as textiles, footwear, and household goods. Vietnam Association of Foreign Invested Enterprises Vice Chairman Nguyen Van Toan emphasized that new Chinese projects now focus on high-tech manufacturing, electronic components, green energy, electric vehicles, and e-commerce, reflecting Vietnam’s increasing appeal as a destination for advanced industries.

Major Chinese Corporations Investing in Vietnam

Several global-scale Chinese corporations have committed to setting up manufacturing facilities in Vietnam, including BYD, Radian, Brotex, and Quanta Computer. Key suppliers to multinational giants like Apple and Samsung—such as Goertek and Foxconn—have also expanded operations in Vietnam after evaluating other markets.

Nguyen Thi Hong Chuyen, Deputy General Director of industrial park developer Capella Land, highlighted that Chinese investors now demand higher standards for their projects.

“They require synchronized and modern infrastructure, multimodal transport connections, and access to large land areas for rapid deployment,” Chuyen said. “They are prioritizing energy-efficient solutions and expect quick, on-time handovers of industrial spaces, which aligns with their aggressive expansion strategies.”

For large-scale Chinese investments, land rental costs are no longer the key deciding factor. Instead, investors focus on contract negotiations to ensure high-quality project execution, reflecting their long-term commitment to Vietnam’s industrial sector.

The solar power farm in Ninh Thuan province.
Green Energy and Infrastructure Projects Gain Momentum

Vietnam’s renewable energy and infrastructure sectors are also attracting significant Chinese investment. In late 2024, China Huadian Corporation and Energy China Group announced expansion plans in clean energy and electricity distribution. Huadian has invested $2.8 billion in Vietnam so far, including Duyen Hai 2—the company’s first foreign onshore wind power project. It aims to expand in wind power, hydropower, energy storage, and efficiency solutions, urging the Vietnamese government to accelerate green energy policies. Energy China Group, which is overseeing 16 projects worth $2.2 billion in Vietnam, is keen to develop liquefied natural gas (LNG) power plants, offshore wind farms, and transport projects, provided Vietnam implements a stable electricity pricing mechanism.

Meanwhile, Chinese infrastructure giants such as China Pacific Construction Group and Susun Construction Group led a delegation of 18 major enterprises to Vietnam in December 2024, exploring cooperation opportunities in key projects. China Pacific Construction has been invited to participate in strategic initiatives such as: The Tu Lien Bridge in Hanoi; The expansion of Hanoi’s metro system; A high-speed rail link connecting Tan Son Nhat and Long Thanh international airports; Cross-border rail and highway projects between Vietnam and China

Expert Insights: A Positive Outlook for Vietnam’s FDI Growth

Sophie Dao, Senior Partner at GBS, a consulting firm supporting foreign investors in Vietnam, views this surge in Chinese investment as a sign of confidence in Vietnam’s long-term economic prospects. “Vietnam has positioned itself as a premier destination for high-tech and green investments. The government’s commitment to infrastructure development and business-friendly policies continues to attract top-tier investors,” she said. “Chinese corporations, known for their large-scale, fast-moving projects, see Vietnam as a strategic gateway for global expansion. This trend signals Vietnam’s growing role as a high-value manufacturing hub in Asia.”

With strong commitments from Chinese investors and Vietnam’s pro-investment policies, 2025 is set to be a transformative year for FDI, particularly in technology, renewable energy, and infrastructure.

Vietnam Approves $8.37 Billion High-Speed Railway Project Connecting to China

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The Vietnamese National Assembly has officially approved the investment plan for the Lao Cai – Hanoi – Hai Phong railway project, a large-scale infrastructure initiative aimed at enhancing regional connectivity and economic development.

The project, with a total investment of VND 203,231 billion (approximately USD 8.37 billion), is expected to be completed no later than 2030.

High Approval Rate for a Strategic Infrastructure Project

During the 9th extraordinary session on February 19, the National Assembly voted overwhelmingly in favor of the resolution, with 455 out of 459 deputies (95.19%) supporting the investment policy. The approval reflects the strong consensus on the project’s importance in boosting Vietnam’s transportation network and strengthening economic ties with China and global trade routes.

A Modern Railway for International and Domestic Transport

The resolution underscores the development of a modern, high-capacity, and synchronized railway system designed to meet both domestic and international transportation demands. The railway will serve as a critical link in Vietnam’s trade corridor with China, fostering economic growth and industrial expansion.

Project Scope and Specifications

The 390.9 km railway will stretch from the Vietnam-China border in Lao Cai to Lach Huyen Port in Hai Phong, passing through nine provinces and major cities: Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Hanoi, Bac Ninh, Hung Yen, Hai Duong, and Hai Phong. Additional branch lines spanning 27.9 km will also be constructed.

The railway will be a single-track system with a 1,435 mm gauge, designed for both passenger and cargo transportation. The operational speeds are planned as follows: 160 km/h for the main line (Lao Cai – Hai Phong); 120 km/h through Hanoi’s city hub; 80 km/h for other sections

Investment and Land Use
  • Funding: The project will be state-funded, using allocations from Vietnam’s medium-term public investment plan and other legal financial sources.
  • Land Acquisition: The railway will require approximately 2,632 hectares, including:
    • 716 hectares of rice fields (709 hectares designated for two or more crops)
    • 878 hectares of forestry land
    • 1,038 hectares of other land types
  • Resettlement: An estimated 19,136 residents will be relocated as part of the project.
Adopting Modern Railway Technology

The railway will be developed using electrification and modern railway technology, ensuring efficiency, safety, and environmental sustainability. The project’s land acquisition plan accommodates future expansion, allowing for a double-track upgrade along the Lao Cai – Hai Phong main line, while maintaining a single-track system for other sections.

A Key Step Toward Vietnam’s Infrastructure Transformation

The approval of the Lao Cai – Hanoi – Hai Phong railway marks a milestone in Vietnam’s transportation infrastructure development, enhancing regional connectivity, trade competitiveness, and economic integration with China. With a targeted completion date of 2030, the project is set to become a key driver of sustainable growth and industrial expansion in northern Vietnam.

Vietnam’s Healthcare and Education Sectors Poised for M&A Surge in 2025

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Vietnam’s mergers and acquisitions (M&A) landscape is poised for significant growth in 2025, particularly in the healthcare and education sectors.

This surge is driven by increasing demand for high-quality services and favorable government policies.

Healthcare Sector

The healthcare industry in Vietnam is experiencing robust expansion, propelled by a rising middle class and heightened health awareness. Notably, in January 2024, Thomson Medical Group acquired FV Hospital in Ho Chi Minh City for $381.4 million, marking Southeast Asia’s largest healthcare merger since 2020. This acquisition underscores the sector’s attractiveness to foreign investors. Private hospitals and specialty clinics, such as ophthalmology and oncology centers, are anticipated to be primary drivers of M&A activity in 2025.

Sophie Dao, Senior Partner at GBS, noted: “Vietnam’s healthcare sector remains one of the most promising investment destinations in Southeast Asia. The growing demand for high-quality medical services, coupled with government incentives for private investment, makes this a golden era for M&A in healthcare. Investors are particularly interested in specialty clinics, digital health solutions, and private hospitals that cater to Vietnam’s expanding middle-class population.”

M&A in Vietnam
Education Sector

Vietnam’s education sector is also witnessing dynamic changes. The government’s encouragement of foreign investment, including the removal of capital limits for educational institutions, is set to attract more international investors. The M&A landscape in this sector is expected to be vibrant, with strategic partnerships and investments enhancing the quality and infrastructure of higher education and vocational training.

According to Sophie Dao, “Education is a long-term, stable investment sector, and Vietnam’s open policies make it highly attractive to foreign investors. With the demand for private and international-standard education on the rise, we are seeing a wave of foreign capital flowing into universities, K-12 schools, and vocational training institutions. Investors are also keen on EdTech and blended learning models, which will reshape the future of education in Vietnam.”

Expert Insights

Industry experts highlight the positive trajectory of Vietnam’s M&A market. At the 2024 Vietnam M&A Forum, professionals discussed the macroeconomic context, policy changes, and global trends influencing Vietnam’s M&A activities. The consensus indicates a favorable environment for both local and foreign investors, particularly in the healthcare and education sectors.

In summary, Vietnam’s M&A activities in healthcare and education are set to flourish in 2025, driven by strong demand, strategic investments, and supportive government policies. As Sophie Dao puts it, “Vietnam is at a turning point where M&A will play a crucial role in accelerating the transformation of key industries. Investors who act now will have the advantage of positioning themselves early in these high-growth sectors.”

Trump Suggests Early Elections in Ukraine Due to Zelensky’s Low Approval Rating

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US President Donald Trump stated that Ukraine might need to hold early elections as President Volodymyr Zelensky is losing public support.

According to RT, Trump remarked on February 18 that Zelensky is currently “unpopular” and suggested that Ukraine may require new elections. Speaking to reporters, he claimed, “The leader in Ukraine, I hate to say this, but he has a 4% approval rating.”

Trump’s comments came just hours after Russian and US negotiators met in Riyadh to discuss potential resolutions for the ongoing conflict in Ukraine. This meeting marked the first direct discussions between the two nations since President Joe Biden suspended most diplomatic contacts with Moscow in 2022.

Russian President Vladimir Putin has asserted that Zelensky is no longer a legitimate leader, as his five-year term expired in May 2024 without elections being held due to martial law. Ukrainian officials, however, maintain that holding elections amid the ongoing conflict with Russia is not feasible.

Ukrainian President Volodymyr Zelenskyy

Zelensky initially enjoyed a 90% approval rating in the early months of the Russia-Ukraine conflict in 2022. However, recent battlefield losses and economic difficulties have led to a decline in public support, now estimated at around 50%.

A poll conducted by Ukrainian political sociology firm Socis last month indicated that only 40% of Ukrainians currently trust Zelensky.

Meanwhile, Kremlin spokesperson Dmitry Peskov stated on February 18 that President Putin is willing to negotiate with Zelensky, provided that the question of his “still-controversial legitimacy” is resolved.

Vietnam’s Economy Projected to Exceed $500 Billion in 2025

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The National Assembly has raised Vietnam’s GDP growth target for 2025 to over 8%, up from the previous 6.5-7% range, positioning the economy to surpass the $500 billion mark.

This decision, approved by nearly 97% of delegates on February 19, aims to accelerate economic growth and advance Vietnam toward high-income status by 2045.

Economic Growth and Projections

With an expected GDP exceeding $500 billion, the economy will grow by $24 billion compared to last year. GDP per capita is projected to reach approximately $5,000, while the inflation target has been adjusted to 4.5-5%. If these projections hold, Vietnam’s economy could rank 31st-33rd globally by size.

To achieve this ambitious growth rate, the National Assembly has outlined strategic priorities, including institutional reforms, accelerating infrastructure projects, and optimizing public investment capital flows.

Key Infrastructure Initiatives

Major infrastructure projects set for completion in 2025 include Long Thanh International Airport, Lach Huyen Regional Port, and the expansion of Tan Son Nhat and Noi Bai terminals. Additionally, construction will begin on Da Nang’s Lien Chieu Port. The government is also tasked with implementing financial centers in Ho Chi Minh City and Da Nang, as well as developing free trade and border economic zones.

Public investment will play a significant role, with approximately VND 84.3 trillion ($3.4 billion) allocated from budget savings and increased revenue to expedite highway and coastal road projects. Budget efficiency measures will also include reducing regular expenditures by 10% and redirecting funds toward the Lao Cai – Hanoi – Hai Phong railway.

Fiscal and Investment Policies

If necessary, the fiscal deficit may be adjusted to 4-4.5% of GDP (from 3.8%) to secure additional resources for development. The nation’s public, government, and foreign debts may reach or exceed the warning threshold of 5% of GDP.

The National Assembly emphasized the need for a transparent and robust policy framework to ensure accountability and efficiency in public administration while fostering a dynamic environment for officials who take initiative in economic development.

Boosting Private Sector Investment

With an 8% GDP growth target, the private sector is expected to contribute around $96 billion out of the total $174 billion in social investment. However, private investment growth, averaging 7-9% per year, has recently slowed. To counter this, the government is directed to introduce favorable policies to support large-scale private enterprises while state-owned enterprises focus on major projects that drive socio-economic connectivity.

Additionally, regulatory reforms are needed to unlock the potential of key markets, including finance, securities, real estate, and science and technology. Immediate solutions must address current bottlenecks and create a more conducive environment for investors.

New Economic Drivers: Digital and Green Economy

Vietnam’s growth still relies on traditional drivers such as investment, consumption, and exports. In 2025, public investment is set at nearly VND 890 trillion ($35 billion), and total retail sales of goods and consumer services are expected to grow by at least 12%.

However, the government is urged to develop new growth engines, including the digital economy, green economy, and emerging technologies like AI, semiconductors, and big data. Policy frameworks must encourage innovation while ensuring scientists have the autonomy to drive breakthroughs. International-standard training programs for high-quality human resources will also be a priority to meet future labor market demands.

Strengthening Vietnam’s Role in Global Supply Chains

The government will implement measures to encourage foreign-invested enterprises (FDI) to transfer technology and increase the use of Vietnamese products, components, and services. These efforts will enhance local enterprises’ participation in global value chains, contributing to long-term economic resilience.

With the new GDP target and strategic reforms, Vietnam is positioning itself for robust growth and sustainable development, ensuring its economic competitiveness on the global stage.

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