Tag: Vietnam

  • Stocks start week in green

    Stocks start week in green

    Vietnam’s benchmark VN-Index rose 0.64% to 1,330.32 points Monday.

    The index closed 8.44 points higher after dropping 2.05 points in the previous session.

    Trading on the Ho Chi Minh Stock Exchange increased by 15% to VND19.583 trillion (US$763.9 million).

    The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers gained.

    VIC of private conglomerate Vingroup saw the biggest jump of 7.0%, followed by VHM of property giant Vinhomes with a 6.3% gain and SHB of Saigon Hanoi Commercial Bank, up 5.5%.

    Thirteen blue chips fell, with LPB of Fortune Vietnam Bank dropping by 1.9%.

    BCM of Becamex Investment and Industrial Development went down 1.8% and VIB of Vietnam International Commercial Bank closed 1.7% lower.

    Foreign investors were net seller to the tune of VND720 billion, mainly selling FPT of tech giant FPT Corporation and TPB of private lender TPBank.

    The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.07%, while the UPCoM-Index for the Unlisted Public Companies Market went down 0.20%.

  • Asia’s most prestigious university launches exchange program for Vietnamese students

    Asia’s most prestigious university launches exchange program for Vietnamese students

    For the first time ever, students at the Vietnam National University in Hanoi can apply for an exchange semester at China’s Tsinghua University, the nation’s top university and the most prestigious in Asia, for free.

    According to an announcement by Vietnam National University in Hanoi, starting this year, students from their second year onward at Vietnam National University-Hanoi with strong academic achievements and proficient foreign language skills, either an IELTS score of 7.0 for English or at least an HSK 5 level for Chinese, can apply for a tuition-free semester at Tsinghua.

    Applications for the fall semester (September 2025–January 2026) must be submitted by April 30, while applications for the spring semester (February–June 2026) are due by Nov. 30.

    Selected students will receive free tuition for the duration of their exchange at Tsinghua, but will be responsible for their own living expenses, insurance and visa fees.

    This program is part of a broader cooperation agreement signed between VNU and Tsinghua University on March 2. Similar agreements were also made with Vietnam National University in Ho Chi Minh City and Vietnam’s National Economics University.

    Tsinghua University has been recognized as the most prestigious institution in Asia by Times Higher Education. In the THE World Reputation Rankings 2025, it ranks eighth globally, surpassing both Yale University and the University of Tokyo.

    In THE World University Rankings 2025, it stands at number 12, the highest position of Chinese universities, followed by Peking University, another top-tier institution in the country.

    Tsinghua currently maintains exchange agreements with about 200 universities worldwide.

  • Chagee faces boycott ahead of Vietnam opening

    Chagee faces boycott ahead of Vietnam opening

    Chinese milk tea brand Chagee is facing criticism for apparently adopting the ‘nine-dash line’ in its digital app while it prepares to launch in Vietnam.

    According to local reports, Vietnamese customers are calling for a boycott of Chagee after learning that the company used a map with the controversial nine-dash line.

    In a photo recently circulated on Vietnamese social media, an account using a Chagee logo as its image responded impolitely to a customer’s statement that they wanted to boycott the company over the line’s adoption, saying: “Chagee does not lack friends as customers”. We cannot ascertain if the responses are genuine or not but has been advised that multiple accounts are pretending to be Chagee to stir controversy and debate.

    Chagee has not officially responded to the incident yet.

    The “nine-dash line” or “U-shaped line” is a boundary line drawn by China on a map to illustrate its sovereignty claim over the majority of the East Sea, considered by Vietnam as a grave violation of its territorial sovereignty.

    The issue seems to cause significant damage to Chagee’s image and reputation. Le Minh Vu, managing partner at FnB Academy, told Vietnamese newspaper Tuoi Tre (Youth) that “Chagee should withdraw from the Vietnamese market due to issues unrelated to products or services – things that can be fixed and corrected”.

    Chagee was founded in 2017 in Shanghai, China, and has since expanded rapidly throughout Southeast Asia, with more than 5000 locations.

    The brand intends to open its first store in Vietnam, with a prime position in Ho Chi Minh City’s CBD in District 1.

  • Young Vietnamese risk health with late-night work, entertainment

    Young Vietnamese risk health with late-night work, entertainment

    Young people are increasingly trading their health for late-night work and entertainment and ending up with consequences like sleep disorders, reduced productivity and long-term health risks.

    Nam, a programmer for a multinational technology company, works from 10 p.m. to 4 a.m. due to time zone differences.

    To synchronize his work with colleagues and clients in the U.S., the 27-year-old from Ho Chi Minh City stays up at night.

    His day typically starts at 10 a.m. and his work begins in the evening. He participates in online meetings, writes code, fixes bugs, and deploys projects, often working until 3 a.m.

    Then he winds down by browsing social media, watching movies or listening to music before going to bed at 4 a.m.

    The subversion of his circadian rhythm results in memory loss, difficulty concentrating and lethargy during the day. He has also gained weight, and his skin has darkened and developed acne.

    He says: “It was not until now that I realized the harm of staying up late; I might need to consider changing my job if I don’t want my health to deteriorate further.”

    Mai Anh, 22, admits she is a “TikTok addict.”

    The bright phone screen at night has become a familiar sight for her. From 10 p.m. every day she immerses herself in short videos, from funny clips to trendy dances and life hacks.

    It is often 3 a.m. by the time she turns off her phone.

    She sleeps only three to five hours a night, always waking up tired, sluggish and unable to focus on work. Though she is fully aware of the negative effects of staying up late, the allure of TikTok makes it hard for her to stop.

    “I know it is not good, but just a little scroll each night turns into a habit,” she says.

    In Vietnam, the “night owl” lifestyle is becoming increasingly popular, especially among young people.

    The development of technology, work and study pressures and the appeal of nighttime entertainment are causing many young people to stay up late.

    This is not happening only in large cities but also in rural areas, where young people now have easier access to the internet and online entertainment, according to Dang Nhat Tam, deputy head of the general internal medicine department at HCMC’s Nguyen Tri Phuong Hospital.

    Scientists refer to those who prefer staying up late and sleeping in as “night owls” for obvious reasons.

    Studies show that night owls tend to feel very energetic at night but sluggish in the morning.

    Due to disruption of their natural rhythms, their biological clocks are completely reversed, leading to deterioration of health, a weakened immune system and frequent illnesses.

    One of the main consequences is sleep disorders, which cause memory problems, difficulty concentrating and reduced work efficiency. This prolonged issue also increases the risk of diseases such as cancer, stomach disorders, asthma, chronic obstructive pulmonary disease (COPD), kidney, liver, and musculoskeletal conditions, and immune system-related diseases.

    Associate Professor Dr. Nguyen Anh Tuan, head of the digestive surgery department at the 108 Military Central Hospital, says sleeping late is a major cause of obesity, hormonal imbalances, slowed metabolism, increased appetite and impaired blood sugar balance.

    Staying up late causes the body to use blood sugar inefficiently, leading to fat accumulation and an increased risk of type 2 diabetes.

    Lack of sleep not only causes dark circles under the eyes but also damages the skin due to lack of moisture and reduced pH levels.

    Poor sleep quality limits the production of growth hormones and inhibits collagen production, causing the skin to lose its firmness and become prone to acne and irritation.

    Scientific evidence also shows that circadian rhythm disorders are linked to moodiness, anxiety and depression. While most people feel refreshed and energetic in the morning, “night owls” experience a poor mental state in the morning, which only improves by evening.

    Their sleep-wake cycles are disrupted, with sleep often being too long or too short.

    Sleeping less than seven hours or more than nine hours a day also increases the risk of stroke, particularly brain hemorrhages.

    A proper sleep cycle allows the body organs to rest, recharge and prepare for the next cycle.

    To improve sleep, experts suggest balancing work and rest, maintaining a regular sleep schedule, relaxing with books or music, choosing a comfortable and quiet place to sleep, and adjusting the temperature and lighting.

    It is important to limit phone and electronic device use before bedtime, avoiding screen time at least 30 minutes before sleep, and refraining from work-related stress and keeping a relaxed mind.

    A healthy, balanced diet with nutritious foods, avoiding overeating at night or consuming stimulants that disrupt sleep, can also help.

    Regular physical activity promotes better sleep quality. Regular health checks help detect any underlying issues early.

    If sleep disorders occur, it is essential to consult a doctor or sleep specialist for diagnosis and treatment.

    Self-medication should be avoided, as it can lead to dependence and complications.

    In some cases patients may not need medication, and just adjusting habits and reorganizing life can significantly improve sleep.

    If sleep disorders stem from underlying conditions, treating the root cause is crucial, doctors advised.

  • Financial Times to reopen Vietnam bureau

    Financial Times to reopen Vietnam bureau

    The London-based Financial Times (FT) was granted a license to reopen its permanent office in Vietnam at a ceremony held at the Ministry of Foreign Affairs on Wednesday.

    At the event, Deputy Minister of Foreign Affairs Le Thi Thu Hang commended the newspaper for its past contributions to connecting Vietnam with the U.K. and the wider world. She expressed her confidence that with its professionalism, credibility, and coordination with the ministry and other Vietnamese Government bodies, the FT would continue to play a key role in strengthening bilateral ties and promoting Vietnam’s image globally.

    The Deputy Minister stressed that Vietnam is entering a new era – the era of the nation’s rise and hoped that the FT would help spread this message to readers in the U.K. and the world. She also affirmed the ministry’s commitment to supporting the newspaper and the British Embassy in enhancing the Vietnam-U.K. strategic partnership.

    Anantha Lakshmi, FT resident correspondent and head of its bureau in Hanoi, noted that the newspaper has closely followed Vietnam’s economic trajectory for many years. Its decision to reopen a permanent presence in the country reflects Vietnam’s growing importance in global affairs, she said.

    She highlighted that amid increasing macroeconomic uncertainties and geopolitical tensions, many nations are seeking to diversify their economic ties by investing in Vietnam. This makes it a particularly critical time to share the Southeast Asian country’s story with the FT international readership.

    One of the world’s leading newspapers specializing in finance and trade, the FT previously operated in Vietnam from 1995 to 2000 and again from 2010 to 2022. With the reopening of its Vietnam bureau, the number of foreign news agencies with a permanent presence in the country has now risen to 30.

  • Vietjet launches Singapore-Phu Quoc direct flight route

    Vietjet launches Singapore-Phu Quoc direct flight route

    Party General Secretary To Lam and leaders of Vietnamese ministries, agencies and localities witnessed the announcement of Singapore – Phu Quoc direct flight service on Tuesday, as part of his official visit to the city state.

    Starting May 30, Vietnam’s budget carrier Vietjet Air will operate the new route with four weekly flights, connecting Singapore with Vietnam’s largest island. This addition brings the total number of weekly flights between Vietnam and Singapore to 78, catering to an estimated half a million passengers a year.

    It is the fourth direct air service between the two countries, joining existing routes to Ho Chi Minh City, Hanoi, and Da Nang. It is expected to not only boost tourism but also strengthen economic, trade, and cultural cooperation between the two nations.

    Chairwoman of the Vietjet Air Board of Directors Nguyen Thi Phuong Thao stressed that Vietjet is more than just an airline, it drives economic growth, trade, investment, education and cultural exchanges.

    Vietjet Air and its Singaporean partners, handling billions of USD in annual transactions, are deepening collaboration in finance, trade, and innovation to build a sustainable and prosperous future, she said.

    On this occasion, Vietjet Air and Carlyle Aviation Partners signed a US$300 million financing agreement to support the purchase of aircraft scheduled for delivery between 2025 and 2026. This deal is a pivotal step in Vietjet Air’s plan to acquire more than 400 new aircraft, as part of its fleet expansion strategy.

    Furthermore, Vietjet Air and Satair, an Airbus Group subsidiary, inked a cooperation deal on the use of Integrated Material Services (IMS), a comprehensive material supply solution for Vietjet’s entire fleet of Airbus A320 and A330 aircraft.

  • Vietnam Airlines flights impacted by strikes in Germany

    Vietnam Airlines flights impacted by strikes in Germany

    According to an official announcement from the airline, Vietnam Airlines flights have changed their operating schedule due to a strike in Germany from midnight to 11.59 p.m. on March 10 (local time).

    This is the second time the airline has been affected by this reason this year.

    Specifically, flight VN36 from Frankfurt to Hanoi on March 10 will depart at 11:55 a.m. on March 11 (local time), flight VN30 from Frankfurt to Ho Chi Minh City on March 10 will depart at 11:05 a.m. on March 11 (local time), and flight VN34 from Munich to Hanoi on March 10 is planned to depart at 11:05 a.m. on March 11 (local time).

    In addition, due to the chain reaction from adjusting the fleet and general schedule, about 20 domestic and international flights of Vietnam Airlines from March 11 to 12 may be changed from wide-body to narrow-body aircrafts, delayed departure times or canceled.

    The airline representative informed me that the airline would regularly update the operation plan in the following newsletters.

    Affected passengers will be supported by the airline according to regulations.

    They also can check official Vietnam Airlines Facebook Fanpage; contact ticket offices, official agents, and Customer Care Center 1900 1100 (in Vietnam) or +84 24 38320320 (abroad).

  • Chinese milk tea chain Chagee enters Vietnam

    Chinese milk tea chain Chagee enters Vietnam

    Chagee, one of the largest milk tea brands in China, has expanded into Vietnam and will soon launch its first store there.

    On Monday, its official Facebook page shared a poster saying “Hello Vietnam” with a caption that read: “Vietnam, let’s get ready for some exciting things ahead! Chagee will bring you refreshing moments and new experiences. Stay tuned!”

    A post on its Facebook recruitment page also confirmed that it is officially present in the market and is looking for staff for its expansion.

    On Chagee Vietnam’s LinkedIn profile, the brand said in a comment that its first store “will be launching very soon.”

    Founded in Yunnan, China, in 2017, Chagee markets itself as the “Eastern Starbucks,” aiming to challenge the dominance of the U.S. coffee giant, according to KrAsia.

    The brand has rapidly grown across Asia Pacific, establishing a presence in Malaysia, Singapore, and Thailand, with a global network exceeding 6,000 stores.

    Focused on raw-leaf fresh milk tea, Chagee blends traditional tea culture with modern innovation to appeal to contemporary consumers, as stated on its website.

    It recorded sales of 10.8 billion yuan (US$1.48 billion) in China in 2023 and 5.8 billion yuan in the first quarter of 2024.

  • Popular US chain Blue Bottle Coffee to open first Singapore café

    Popular US chain Blue Bottle Coffee to open first Singapore café

    Renowned US specialty coffee brand Blue Bottle Coffee is set to open its first café in Singapore at Japanese retailer LUMINE’s flagship store in Raffles City Shopping Center.

    “We will share the opening date and hours soon, so please stay tuned for further updates,” the firm said in an announcement on Wednesday.

    This would mark the brand’s first café in Southeast Asia, it added.

    The new café will replace Blue Bottle Coffee’s temporary gift shop, which opened last August as the brand’s entry point into the city-state, .

    Founded in 2002 as a small coffee cart in California, Blue Bottle Coffee has since expanded across the U.S., Japan, South Korea, Hong Kong, and China.

    Its Singapore debut comes through a partnership with LUMINE. Several of the chain’s cafés in Japan are also located within shopping centers operated by the retailer.

    The brand, which calls itself a “destination for coffee lovers,” is expected to feature a seasonally curated espresso menu at its upcoming shop, according to AsiaOne.

    It might also serve snacks like lemon poppy seed pound cake and candied orange scones.

  • Chubb acquires Liberty Mutual’s insurance businesses in Vietnam, Thailand

    Chubb acquires Liberty Mutual’s insurance businesses in Vietnam, Thailand

    Chubb Limited has announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam without disclosing the terms.

    The two companies — LMG Insurance in Thailand and Liberty Insurance in Vietnam —offer a range of consumer and commercial property and casualty (P&C) products, including automotive, acccident & health and non-motor insurance such as fire/property and industrial all-risk.

    This portfolio is coupled with complementary distribution through 56 branches, 2,600 brokers and agents, and 26 finance partners. The combined operations produced approximately US$$275 million in net premiums written in 2024.

    The transactions are expected to be completed by the second quarter of 2025 (Thailand) and late 2025 / early 2026 (Vietnam) and are subject to required regulatory approvals and customary closing conditions.

    With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

    The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally.

    Parent company Chubb Limited is listed on the New York Stock Exchange and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide.

  • South Korean firms plan to expand investment in Vietnam

    South Korean firms plan to expand investment in Vietnam

    South Korean conglomerates, including SK Group, Samsung, and LG, are expanding their investments in Vietnam, focusing on energy, high-tech manufacturing, and sustainable development.

    SK Group, the second-largest conglomerate in the country, has planned to invest in three LNG-fueled power projects in Vietnam, aiming to develop a new energy hub integrating artificial intelligence development, hydrogen, logistics, eco-friendly agriculture, and innovation in the Southeast Asian nation.

    In meetings with Party General Secretary To Lam and Prime Minister Pham Minh Chinh last week, SK Group Chairman Chey Tae Won said his firm is actively seeking opportunities to enhance support for and cooperation with Vietnam to promote long-term, sustainable economic growth.

    SK has already invested around $3.5 billion in Vietnam. However, most of the sum is indirect investment, involving equity purchases worth hundreds of millions to over a billion dollars in major companies such as Vingroup, Masan, Pharmacity, and Imexpharm.

    The Ecovance high-tech biodegradable materials plant in the northern port city of Hai Phong is the first direct investment project of SK in Vietnam. SK is investing in the project through a subsidiary at the DEEP C Industrial Park, with a total investment of $500 million. The project targets the rapidly growing global biodegradable materials market.

    Chey stated SK considers Vietnam a priority partner in its investment strategy in the coming time, adding the firm is eager to participate in Vietnam’s green transition, especially in energy and industry, thus contributing to the Southeast Asian nation’s goal of cutting emissions to net zero by 2050.

    Meanwhile, Samsung Display of South Korea has been approved to inject an additional $1.2 billion into its existing next-generation display manufacturing plant in the northern province of Bac Ninh. This investment aims to establish Vietnam as a key production hub for Samsung’s next-generation displays.

    In a recent meeting with Prime Minister Pham Minh Chinh, General Director of Samsung Vietnam Choi Joo Ho, and his successor, Na Ki Hong, stated that, in addition to its traditional investment areas, Samsung will expand its investments in Vietnam into new sectors.

    Samsung has invested over $23 billion in Vietnam, and continues to inject billions of dollars annually. With its new plans, more billion-dollar projects are likely to be added to Samsung’s investment portfolio in the Southeast Asian nation.

    Besides Samsung, LG has also been steadily increasing its investments in Vietnam. Last year, it poured billions of dollars into the LG Display project in Hai Phong. Looking ahead, LG plans to further expand its investments in the country.

    Other giants such as Hyosung, Amkor, and Hana Micron are also looking to expand their investment and business in Vietnam.

    After investing $520 million, Amkor decided to inject an additional $1.07 billion into its plant in Bac Ninh, 11 years ahead of its schedule. Recent reports indicate that Amkor’s plant is expected to triple its production capacity in the near future.

    South Korea’s registered investment in Vietnam hit $1.25 billion in January alone, much higher than the figure of $93.46 million recorded in January last year.

    South Korean investors have poured $92 billion into Vietnam, ranking first among countries and territories investing in the Southeast Asian nation, statistics showed as of January 2025.

  • Vietnamese coffee chain Trung Nguyen to launch first store in Australia

    Vietnamese coffee chain Trung Nguyen to launch first store in Australia

    Vietnamese coffee chain Trung Nguyen is continuing its global expansion, opening its first store in Australia next month via a franchise agreement with local distributor Master C Pty Ltd.

    The 400sqm store on Melbourne’s Courtney Street will feature a retail corner, a coffee-tasting area, and a cafe space.

    In addition, customers can experience the three coffee cultures the company has identified and showcases in its flagship Vietnam stores: Ottoman, Roman and Zen.

    The Melbourne store will resemble a Vietnamese-themed coffee shop with its architectural style, display graphics, and menus that incorporate elements of Vietnamese and local cultures.

    Trung Nguyen first made its international debut in China in 2022 with a store in Shanghai and then expanded into Beijing and Chongqing. It opened its first US store last year, in partnership with US-based franchisee H&L Wholesale Food Corporation.

  • Shein offers Chinese manufacturers incentive to move to Vietnam

    Shein offers Chinese manufacturers incentive to move to Vietnam

    Shein is offering its Chinese manufacturers temporary incentives to move some of their production to Vietnam in response to rising US tariffs.

    The incentives include up to a 30 percent increase in procurement prices and larger order guarantees.

    The move is part of the fast-fashion retailer’s efforts to shift production outside of China after US President Donald Trump called a halt to Section 321 de minimis earlier this week.

    The de minimis previously allowed low-value packages from China to be shipped duty-free to the US. This means that prices of cheap Chinese goods are likely to increase in the country, affecting the operations of Shein and similar businesses like Temu and Amazon Haul.

    Shein hopes its expansion strategy in Vietnam will help mitigate the impact of Trump’s tariffs on its business model, which relies heavily on Chinese production.

    The company’s operations in Vietnam currently face some challenges after the local government required it to register its e-commerce services late last year.

    This came amid concerns about the impact of deep discounting by Chinese online platforms, as well as the potential sale of counterfeits.

  • Vietnam electricity imports from China, Laos set to soar by 2030

    Vietnam electricity imports from China, Laos set to soar by 2030

    The Ministry of Industry and Trade plans to increase electricity imports from China and Laos by 1.6 to five times from between now and 2030.

    Vietnam’s electricity demand is set to rise by 12-14% annually as the government targets an ambitious double-digit growth rate annually to achieve high-income status for the country by 2045.

    This means by 2030 Vietnam’s power capacity would need to reach 210,000 megawatts, up 35% from the current nationwide power plan.

    Imports will therefore play an important role in meeting electricity demand.

    By 2030 imports might account for 5% of total supply as against 4% last year, according to the ministry.

    It wants to import up to 3,700 MW in capacity from China by 2030, a five-fold increase from now.

    But the two sides have made no agreement for this yet. “The governments need to negotiate and sign deals soon,” the ministry said.

    It also wants to buy 6,800 MW from Laos by 2030, 1.6 times the current import.

  • Samsung to invest in AI, semiconductors in Vietnam

    Samsung to invest in AI, semiconductors in Vietnam

    South Korean electronics giant Samsung is set to expand into new areas in Vietnam such as AI, semiconductors and digital transformation.

    CEO Choi Joo Ho told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Wednesday that the largest foreign direct investor in Vietnam expects support from the government in making investments in these areas.

    Samsung has so far invested $23.2 billion in Vietnam and exported $54.4 billion worth of products last year.

    Chinh promised continued support for the company in investing in efficient and successful businesses in Vietnam.

    Samsung needs to continue to maintain its leading position by developing supporting industries, chips, semiconductors and promoting digital transformation in Vietnam, he added.

    The government targets 8% GDP growth this year and double-digit expansion in the coming years.

    To achieve the goals, it needs to improve the investment environment and foster strategic breakthroughs.

    Chinh urged Samsung to set up training centers at the National Innovation Center, increase its investment in Vietnam and support start-up and innovation activities.

    He also suggested that the company should have more Vietnamese executives and increase the number of local digital technology enterprises in its ecosystem.