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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.”

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.

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.

Chinese AI app DeepSeek had been suspended in South Korea

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South Korea Suspends New Downloads of Chinese AI App DeepSeek Over Data Privacy Concerns

South Korea’s data protection authority announced on Monday that new downloads of the Chinese AI app DeepSeek have been suspended after the company admitted to failing to fully comply with the country’s personal data protection regulations.

The Personal Information Protection Commission (PIPC) stated in a media briefing that the app’s service will be restored once necessary improvements are made to align with South Korea’s privacy laws.

The suspension, which took effect on Saturday, only applies to new downloads of DeepSeek, while its web-based service remains accessible in the country.

According to the PIPC, DeepSeek recently appointed legal representatives in South Korea and acknowledged partial non-compliance with local data protection laws.

This action follows similar regulatory scrutiny in Italy, where the country’s data protection authority, Garante, ordered DeepSeek last month to block its chatbot due to unresolved concerns about its privacy policy.

DeepSeek has yet to issue a statement in response to the suspension.

When asked about previous attempts by South Korean authorities to restrict the app, a spokesperson for China’s Foreign Ministry emphasized during a February 6 briefing that Beijing prioritizes data privacy and security and upholds it in accordance with the law.

The spokesperson further stated that the Chinese government does not instruct companies or individuals to collect or store data in violation of legal requirements.

The suspension marks another challenge for DeepSeek as it faces growing international scrutiny over its handling of personal data.

Faithful Dog Protects Missing 5-Year-Old Boy Overnight in Northern Vietnam

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A heartwarming story of a loyal dog staying by the side of a five-year-old boy who went missing overnight in Hung Yen Province, northern Vietnam, has gone viral on social media.

Luu Duc Thuan, Secretary of the Party Committee and Chairman of the People’s Council of Luu Xa Commune, confirmed the incident to Tuoi Tre (Youth) newspaper, stating that the dog remained with the boy throughout his ordeal.

According to Thuan, the boy, who lives with his family in a rented house in Ngoc Long Commune, wandered out at around 1:00 a.m. last Friday, accompanied by the family’s dog.

Together, they walked several kilometers from Ngoc Long Commune to Luu Xa Commune, where they eventually entered a local resident’s garden.

The following morning, local villagers discovered the child and immediately took him to the commune’s administrative office, notifying the police.

Authorities quickly responded by arranging medical checks for the boy, providing him with warm clothing, and making loudspeaker announcements to locate his family.

A Father’s Faith in His Dog

Do Van Bang, the 43-year-old father of the boy, told Tuoi Tre on Sunday that he remained hopeful because their dog had not returned home.

“I believed that as long as the dog was with my son, he was safe,” Bang said.

Thankfully, his instincts proved right, and his son was found unharmed.

The dog, a well-built canine weighing around 40 kilograms, has been part of the family for several months. Bang received him from a close friend in Van Lam District, and since then, he and his son have been inseparable.

“From the first day I brought the dog home, I pointed at my son and told him, ‘This is your owner, and you must protect him,’” Bang recalled.

“I never imagined he would truly do so one day.”

A Night of Fear and a Touching Reunion

When Bang and his wife realized their son was missing, panic set in. They searched frantically but found no trace of him.

Hours later, news came that their child had been found – safely nestled in the embrace of his faithful companion.

“People told me the dog was holding my son when they found him,” Bang said.

“The dog even followed him to the commune’s office and refused to leave his side.”

Many people have since praised the dog’s intelligence, with some asking Bang about his training methods.

“But honestly, we don’t train him at all. We just feed him the same food we eat,” Bang admitted.

A Special Bond That Cannot Be Sold

Bang and his wife, who run a scrap metal business in Ngoc Long Commune, are deeply grateful for what their dog has done.

Their son, their only child, has hyperactivity disorder, and this was the first time he had ever wandered off in the middle of the night.

The family is now focused on helping him recover and ensuring his safety in the future.

Since the story spread online, many people have offered to buy the dog. However, Bang and his wife have firmly refused.

“No amount of money could make us sell him,” Bang said.

“He’s family.”

Northern Vietnam to Experience Continued Rain and Cold Weather

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The National Center for Hydro-Meteorological Forecasting predicts that from now until the end of the week, Hanoi and many areas in the North will continue to experience cold weather, light rain, and fog.

Due to the influence of a cold air mass, the Northern and North Central regions are expected to see scattered rain and drizzle tonight and in the early hours of February 18, accompanied by chilly temperatures.

A weak cold air front is forecasted to arrive on the night of February 18-19, bringing light rain, drizzle, and widespread fog across the region. From February 18 onward, many areas in the North and North Central regions will turn cold, with some mountainous areas experiencing severe cold conditions. Meanwhile, the Central Central region will see scattered rain and showers starting February 19.

The humid weather currently affecting Hanoi and several northern provinces is expected to persist until the end of the week. Additionally, another strengthening cold air wave is anticipated around February 22-23, reinforcing the chilly conditions in the North.

New cases of COVID-19 are registered in Hanoi

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Hanoi Records One New Covid-19 Case, Updates on Infectious Disease Trends

Hanoi has reported one new case of Covid-19 in Cầu Giấy, bringing the total number of cases recorded in the city this year to three, according to the Hanoi Center for Disease Control (CDC). This marks a significant decrease compared to the same period in 2024, when 318 cases were recorded.

Hand, Foot, and Mouth Disease Sees Sharp Increase

Between February 7 and February 14, Hanoi recorded 32 cases of hand, foot, and mouth disease, an increase of 22 cases from the previous week (10 cases). No deaths have been reported. The districts with the highest number of cases include: Sóc Sơn: 7 cases; Hà Đông: 5 cases; Nam Từ Liêm: 4 cases

Since the beginning of 2025, Hanoi has documented a total of 96 cases, up from 70 cases in the same period last year. The infections have been sporadic across 23 districts, and no outbreaks have been detected.

Measles Cases Remain High

During the same period, Hanoi recorded 114 new cases of measles, with no reported deaths—matching the previous week’s numbers. The cumulative total for 2025 now stands at 441 cases across all 30 districts, reflecting a sharp increase from the same period in 2024, when no cases were recorded.

The age distribution of measles cases is as follows:

• Under 6 months: 47 cases (10.7%)

• 6–8 months: 56 cases (12.7%)

• 9–11 months: 45 cases (10.2%)

• 1–5 years old: 110 cases (24.9%)

• 6–10 years old: 74 cases (16.8%)

• Over 10 years old: 109 cases (24.7%)

Hanoi CDC warns that measles cases remain high, mainly affecting individuals who have not been vaccinated or are not fully immunized. The agency expects new cases to continue in the coming weeks.

Dengue Fever Cases Decline

Hanoi recorded 12 cases of dengue fever this past week, a slight decrease from the previous week’s 13 cases. No deaths have been reported.

The total number of dengue cases in 2025 stands at 149, significantly lower than the 432 cases reported in the same period in 2024. Infections have been recorded sporadically across 26 districts, and no new outbreaks have been detected. Only one outbreak was recorded earlier this year.

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Vietnam Targets 23 Million International Visitors in 2025

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Vietnam is setting an ambitious goal to attract 22–23 million international visitors this year, reinforcing its commitment to tourism as a key driver of economic growth.

Strong Recovery Amid Challenges

Despite lingering effects of the COVID-19 pandemic and natural disasters, Vietnam’s tourism sector has made a remarkable comeback. The country welcomed 17.5 million foreign visitors in 2024, recovering 98% of pre-pandemic levels—surpassing regional peers like Thailand (88%) and Singapore (86%).

This progress is impressive, but experts warn against complacency, especially given economic challenges and recent severe flooding. Nevertheless, the Vietnam National Authority of Tourism (VNAT) reported that Vietnam had the highest tourism recovery rate in Southeast Asia.

The leap from 12.6 million international visitors in 2023 to 17.5 million in 2024 solidified Vietnam’s position as the region’s third most-visited country, surpassing Singapore (16.5 million) and trailing only Thailand (35 million) and Malaysia (24.5 million).

Domestically, around 110 million travelers contributed an estimated VND 840 trillion (USD 33.34 billion) in tourism revenue last year.

A New Era for Vietnamese Tourism

A recent Agoda survey highlights Vietnam’s growing appeal. Phu Quoc saw accommodation searches surge 266% year-over-year, while visitor arrivals from South Korea rose 94%, and Taiwan (China) jumped 123%.

VNAT Director Nguyen Trung Khanh described this as a turning point, marking a “new era” for the tourism industry. Policy reforms in August 2023 played a crucial role, including:

Extending visa-free stays for citizens of 13 countries from 15 to 45 days.
Expanding e-visa access to all nationalities at 13 airports, 13 seaports, and 16 land borders.
Extending e-visa validity from 30 to 90 days with multiple entry options.

Promotional campaigns in 2024 focused on key markets, while infrastructure upgrades improved the visitor experience. Vietnam has also expanded its tourism offerings, emphasizing beach destinations, eco-tourism, cultural experiences, culinary tourism, and MICE (meetings, incentives, conferences, and exhibitions). A major highlight was the arrival of 4,500 Indian visitors for a MICE event in August 2024.

Indochine cruise ship on Mekong river. Credit: Saigontourist

Staying Competitive in the Global Market

While Vietnam’s growth is promising, competition remains fierce. Malaysia welcomed 28 million international visitors in 2023, significantly outpacing Vietnam’s 17.5 million in 2024. Thailand, with 36 million visitors last year, continues to set the benchmark.

To match Thailand’s tourism-to-population ratio, Vietnam—home to over 100 million people—would need to attract around 50 million foreign visitors annually.

In January alone, Vietnam recorded 2.1 million international arrivals, up 36.9% year-over-year. Asian travelers accounted for the majority (1.6 million), followed by visitors from Europe (266,700) and the Americas (119,700).

Located in the center of Ho Chi Minh City, Tan Dinh Church is also a highlight attracting domestic and foreign tourists to visit, admire and take pictures.

Quality Over Quantity

Khanh emphasized that Vietnam’s future tourism strategy will focus on sustainability, quality, and brand positioning. The goal is to offer high-end, unique, and memorable experiences rather than simply increasing visitor numbers. This includes new promotional initiatives and policy adjustments to drive long-term growth.

Global Recognition

Vietnam’s efforts have already gained international recognition. In 2024, the country received several prestigious awards, including:

World’s Leading Heritage Destination (fifth time).
Asia’s Best Golf Destination (eight consecutive years).
Asia’s Leading Destination (sixth time).
Asia’s Leading Heritage Destination (second time).
Asia’s Leading Nature Destination (third time).

Additionally, Tra Que Vegetable Village in Quang Nam was honored as the Best Tourism Village 2024 by the UN Tourism organization in Colombia.

As Vietnam continues its push for sustainable and high-quality tourism, it remains well-positioned to strengthen its global reputation and attract even more visitors in the years ahead.