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Vietnam — Daily

Vietnam Daily: Hanoi swamped by floods, schools move online, and provinces race to fortify defenses

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Politics

National Master Plan Overhaul Sets 2030 Growth Targets and New Economic Corridors

Published: 2025-10-07

The Government issued Resolution 306/NQ-CP revising the National Master Plan for 2021–2030 with a 2050 vision, targeting average annual GDP growth above 8% and per-capita income of about USD 8,500 by 2030. The plan pivots to a growth model driven by technology, innovation, and digital transformation, raising the digital economy’s share to roughly 30% of GDP. Spatial strategy concentrates investment in five national growth regions: Northern (with Hanoi as the growth pole), Southern (Ho Chi Minh City), Central Coast (Da Nang), Mekong Delta (Can Tho), and North Central Coast along the Thanh Hoa–Nghe An–Ha Tinh coastal belt. New and reinforced economic corridors include North–South and East–West links, plus Lào Cai–Hanoi–Hai Phong–Quang Ninh and Moc Bai–HCMC–Bien Hoa–Vung Tau. Priorities include national infrastructure backbones—transport, energy, water, social and cultural assets, and data infrastructure—while advancing higher education, healthcare quality, and resilience to climate risks.

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Government Orders Review of Stalled Projects in Five Key Localities; HCMC Restricts Lê Lợi Car Lane; Kun Milk Parent Fined

Published: 2025-10-07

Prime Minister Phạm Minh Chính directed ministries and five localities—Hanoi, Ho Chi Minh City, Da Nang, Khánh Hòa, and Tây Ninh—to urgently review and resolve long-delayed projects tied to land management and legal bottlenecks, with a deadline to catalogue outcomes by October 15, 2025. The drive follows Politburo Conclusion 77, National Assembly Resolution 170, and Government Decrees 76 and 91, and accompanies a central task force. Many cases fall under local authority, signaling near-term administrative workload for city halls and potential reactivation of dormant assets once legal issues are cleared. In Ho Chi Minh City, police will limit cars from the Lê Lợi car lane between Nguyễn Huệ and Pasteur from October 6–13, redirecting vehicles to mixed lanes and parallel routes. Separately, the State Securities Commission fined Lof (Kun milk brand owner) VND185 million for disclosure breaches, underscoring tighter compliance enforcement. Public health guidance highlights high fall risks among older adults, urging preventive measures.

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Economy

FTSE Russell Elevates Local Bourse to Secondary Emerging Status, Setting 2026 Effective Date and Interim Review

Published: 2025-10-07

"We confirm, and are pleased to announce, the reclassification of [the] market from Frontier to Secondary Emerging... effective 21 September 2026, subject to an interim review in March 2026." - FTSE Russell Index Governance Board (vneconomy.vn)

FTSE Russell has upgraded the local equity market to Secondary Emerging, effective September 21, 2026, contingent on a March 2026 assessment. The move acknowledges progress on settlement without prefunding and failed-trade cost handling, enabled by KRX and related reforms. Broker research anticipates two phases of index transition over 6–12 months and potential net inflows of $1.0–1.5 billion from FTSE-linked funds, with VIC, VHM, HPG, VCB, MSN, VNM, VRE, SSI, and VND cited as likely beneficiaries. Near term, analysts expect a pre-announcement run-up followed by 3–6 months of volatility and possible profit-taking once inclusion begins. Persistent outflows from large ETFs like Fubon may reflect portfolio repositioning before index changes. Medium term, houses project VN-Index testing 1,700–1,720 and targeting 1,850–1,900 over 6–9 months on re-rating and earnings growth, while advising caution in the first 1–2 post-upgrade quarters.

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World Bank Sees East Asia Resilience with 2025 Upgrade; Vietnam Projected to Lead Growth at 6.6%

Published: 2025-10-07

The World Bank’s October East Asia and Pacific update lifts the region’s 2025 growth forecast to 4.4%, citing resilience despite trade frictions and global policy uncertainty, while keeping 2026 at 4.3%. Vietnam is projected to top developing peers at 6.6% in 2025, supported by recovering manufacturing, firmer domestic demand, and macro stability. China’s 2025 outlook rises to 4.8% but is seen easing to 4.2% in 2026 as stimulus wanes and domestic headwinds persist. The WB flags a jobs paradox across the region—solid growth but too few quality jobs, with most new roles in low‑productivity informal services and weak youth and female labor participation. For Vietnam, officials highlight the role of dynamic young firms in job creation and urge deeper reforms to boost productivity and leverage supply-chain shifts.

"There is a jobs paradox—growth is fairly strong but not generating enough quality jobs." - Carlos Felipe Jaramillo, WB Vice President for East Asia and Pacific (vietnamplus.vn)

"Institutional reforms and productivity gains will determine whether Vietnam fully capitalizes on supply-chain reconfiguration." - Aaditya Mattoo, WB Chief Economist for East Asia and Pacific (baotintuc.vn)

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Housing Credit Curbs, Trading Center, and ‘Affordable’ Projects Proposed to Cool Property Prices

Published: 2025-10-07

"Issuing measures to restrain real estate prices is necessary to ensure a stable, healthy market." - Ministry of Construction submission (vnexpress.net)

The Ministry of Construction has circulated a draft Government Resolution to rein in property prices through three levers: tighter mortgage limits on second and subsequent homes, a state-run Real Estate Trading Center to verify and record transactions digitally, and a mandated pipeline of “affordable” commercial housing. Under the draft, banks would cap loans at 50% of contract value for a second home and 30% from a third, excluding social housing. Provinces would reserve at least 20% of 2026–2030 commercial housing projects for the “affordable” segment, with special incentives (no auction for investor selection, land fees based on official tables, and a 20% profit cap). Officials argue speculation and opaque planning have detached prices from fundamentals as urban apartment prices in Hanoi and Ho Chi Minh City outpace incomes, heightening financial stability risks.

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Retail Investor Accounts Surge to 11 Million as Market Eyes FTSE Russell Upgrade

Published: 2025-10-07

Vietnam’s stock market added roughly 290,000 new domestic accounts in September—the strongest monthly increase in a year—lifting total accounts to nearly 11 million, about 11% of the population. The milestone arrives ahead of FTSE Russell’s decision, expected early October 8 (Vietnam time), on whether to reclassify Vietnam from Frontier to Secondary Emerging. Personal accounts dominate at 99.4%, with individuals net buying in September while foreign investors extended heavy net selling. Brokerages project an upgrade could channel an estimated USD 3–8 billion into Vietnamese equities via passive and active flows, potentially lifting VN-Index beyond the 1,700 level if coupled with robust Q3 GDP data. Conversely, a disappointment could see domestic speculative capital retreat and the index test support near 1,550.

"If upgraded, many large funds—worth billions of dollars—will pour into Vietnam’s stock market." - Truong Hien Phuong, Senior Director, KIS Vietnam (com.vn)

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Finance Ministry pauses plan to tax stock dividends at payout, keeps tax due at sale for now

Published: 2025-10-07

Vietnam’s Finance Ministry has stepped back from a June proposal to require personal income tax on stock dividends and bonus shares at the time of distribution. For now, it will retain the current rule under Decree 126 that taxes individuals when they transfer or withdraw capital, citing potential strain on corporate cash flow and investors’ lack of immediate cash proceeds. Multiple ministries and business groups, including VCCI, VAFI, major corporates and banks, urged against immediate taxation, noting listing and settlement lags and potential dampening of long-term investment. The ministry maintains that taxing at payout aligns with personal income tax principles, and highlighted a gap between potential and actual collections from 2016–2024. It plans to study harmonized changes with forthcoming revisions to the Personal Income Tax Law and Law on Tax Administration, targeted for submission to the National Assembly in October 2025.

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Gold Surges Past VND 140 Million per Tael with Policy Shift and Proposed Transaction Tax

Published: 2025-10-07

Vietnam’s bullion market extended record gains on October 7, with SJC bars quoted at VND 138.6–140.6 million/tael and 9999 rings rising faster to about VND 137.7–138.3 million/tael. The rally tracks global gold near $3,965–3,978/oz, up almost 50% year to date, as markets price deeper Fed rate cuts and brace for U.S. fiscal risks. Domestic spreads remain wide: SJC bars trade roughly VND 14–14.4 million above international parity, rings about VND 10–11.5 million. Authorities are pairing market liberalization with taxation and enforcement. From October 10, eligible firms and banks may import gold for minting, ending a decade of production exclusivity, with quotas set annually by the State Bank. The Finance Ministry also proposes a 0.1% personal income tax on each bullion transfer to capture investment gains and curb speculation. Police warn of counterfeit and fraud risks, urging purchases only from licensed dealers.

"Gold supply on the market will be better ensured, meeting actual demand. All processes and sales information are public and transparent." - Dao Xuan Tuan, Director of the Foreign Exchange Management Department, State Bank of Vietnam (vnexpress.net)

"A 0.1% tax on bullion transfers is acceptable at this stage." - Nguyen Ngoc Tu, lecturer, Hanoi University of Business and Technology (thanhnien.vn)

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Growth Pillars Strengthen as Q3 GDP Jumps 8.23%, Public Investment and FDI Lead Outlook

Published: 2025-10-07

"Excluding 2022’s post‑pandemic rebound, this is the highest same‑period growth since 2011." - Nguyen Van Thang, Minister of Finance (thanhnien.vn)

Vietnam’s economy accelerated with Q3 2025 GDP up 8.23% and 9‑month growth at 7.84–7.85%, driven by manufacturing (notably electronics), construction, services, and resilient domestic demand. Industrial value‑add rose 8.55% in nine months; exports reached $348.7 billion with a $16.8 billion surplus; registered FDI climbed to $28.5 billion, concentrating in manufacturing, electronics, renewables, and digital services. Analysts highlight three core drivers—consumption, public investment, and exports—with policy pushing 100% public capital disbursement and streamlined procedures to unlock infrastructure. International media underscore Vietnam’s outperformance versus regional peers and earlier forecasts, despite tariff and currency headwinds. Real estate shows a tentative rebound, led by apartments and peri‑urban markets, as infrastructure builds out and capital reallocates toward real assets.

"Public investment is the primer that pulls in private capital and boosts total social investment." - Tran Du Lich, economist (thanhnien.vn)

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Quảng Ninh Police Uncover FDI-Linked Smuggling Ring Using Customs-Declared Containers

Published: 2025-10-07

Quảng Ninh police dismantled a cross-border smuggling operation that exploited 0% import-tax preferences for FDI processing and manufacturing. On September 29, officers intercepted 28 containers that had cleared Bắc Luân 2 international border gate under 176 declarations by 75 firms. Checks on 19 containers found 30–70% illicit goods mixed with declared cargo, and three containers filled entirely with contraband, valued at over VND 30 billion. Investigators say ring leaders Trương Văn Hà and Nông Văn Hậu worked with three Chinese nationals through shell companies, including Thiên Kiến in Hải Phòng, to import computer gear, electronics, auto tires, printer ink, and other high-tariff items. The goods were allegedly separated at a Hải Phòng warehouse and distributed to FDI factories across multiple provinces, causing estimated tax losses in the hundreds of billions of đồng. Authorities are expanding the probe and considering policy fixes to close loopholes in FDI customs supervision.

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Luxury Units Dominate As HCMC Apartment Prices Top VND100 Million per m2

Published: 2025-10-07

HCMC’s apartment market accelerated in Q3, with more than 5,500 new units launched—up 261% year on year—marking the strongest recovery in three years, according to One Mount Group. Supply is uneven: over 60% came from the former Binh Duong area, while the city core offered about 2,090 units (38%). Average prices in HCMC climbed to nearly VND96 million/m2, up 21% year on year, with new launches largely in the VND108–131 million/m2 premium bracket; over half of new units exceed VND100 million/m2. The Ministry of Construction cites a nine‑month average of VND89 million/m2 (+36% y/y). Analysts attribute persistent high prices to steep land-use fees, construction costs, and tight core-area supply despite improved volumes. Absorption remains above 80%, signaling sustained end-user and investor demand and limiting near-term price relief.

"Given high input costs and limited core-area supply, HCMC home prices are unlikely to fall and may continue rising." - Vo Hong Thang, Deputy CEO, DKRA Group (vnexpress.net)

"A middle-income family earning VND1.3 billion annually needs about 9–10 years to buy a 70 m2 unit; low-income households face over 35 years of saving." - Tran Minh Tien, Director, One Mount Group (vnexpress.net)

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Sun Group, Hilton to launch 2,000-room multi-brand hotel cluster ahead of APEC 2027

Published: 2025-10-07

Sun Group signed an expanded partnership with Hilton to roll out multiple brands—including the first Vietnam entries for Conrad Hotels & Resorts and LXR Hotels & Resorts—across Phu Quoc, Da Nang, and Quang Ninh. In Phu Quoc, Hilton will operate Conrad Phu Quoc, Hilton Phu Quoc, and DoubleTree by Hilton Phu Quoc within a multi-brand complex designed to host APEC 2027 delegates, offering nearly 2,000 international-standard rooms and direct links to the convention center and airport. Quang Ninh will see the 216-key Hilton Quang Hanh Onsen Resort, while Da Nang will host an LXR-branded luxury resort on Green Island along the Han River, emphasizing personalized, culturally rooted experiences.

"Vietnam has long been integral to Hilton’s growth in Southeast Asia; these projects aim to create distinctive destinations for today’s travelers." - Chris Nassetta, President and CEO, Hilton (vnexpress.net)

"These projects set new benchmarks for integrated resort ecosystems blending culture with international standards." - Dang Minh Truong, Chairman, Sun Group (vnexpress.net)

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Retail and Consumer Services Post Strong Q3, Lifting Nine-Month Sales to VND 5.17 Quadrillion

Published: 2025-10-07

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Vietnam’s retail and consumer services sector accelerated in Q3 2025, with current-price sales reaching approximately VND 1.76 quadrillion, up 2.6% quarter-on-quarter and 10.1% year-on-year. Over the first nine months, total retail and consumer service revenue climbed to more than VND 5.17 quadrillion, a 9.5% increase versus the same period in 2024 (which grew 8.8%). Real growth, excluding price effects, was 7.2% compared with 5.8% a year earlier, indicating a notable pickup in purchasing power. Retail sales alone were about VND 3.95 quadrillion, up 8.3%, led by staples (foodstuffs) at 10.3%, apparel at 8.2%, cultural and educational goods at 8.1%, and household equipment at 6.7%. Growth was broad-based across cities: Da Nang (+9.4%), Can Tho (+8.8%), Hanoi (+8.4%), Ho Chi Minh City and Hai Phong (both +8.3%).

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Diplomacy

UK–Vietnam Business Summit to Focus on HCMC Financial Center Plan and Renewable Energy Push

Published: 2025-10-07

Ho Chi Minh City will host the inaugural UK–Vietnam Business Summit on 5–6 November 2025, organized by BritCham Vietnam, centering on two priorities: developing a Vietnam International Financial Center (IFC) in HCMC and accelerating renewable energy. The summit follows intensified UK engagement and comes as bilateral trade in goods and services reached £9 billion in the four quarters to Q1 2025, up 30.8% year-on-year, supported by UKVFTA and the UK’s CPTPP accession. Delegates will examine legal frameworks for an IFC aligned with international standards and financing models for green projects, notably offshore wind. Business leaders seek policy clarity on pricing, market access, and distributed energy to meet Vietnam’s net-zero 2050 goal and Power Development Plan VIII targets.

"We are fully supportive of Ho Chi Minh City’s vision for an International Financial Center—this is a major opportunity for Vietnam’s growth." - Alexandra Smith, UK Consul General in HCMC (thanhnien.vn)

"This summit is intended to become an annual platform to drive partnerships, investment, and trade between our business communities." - Matt Ryland, CEO, BritCham Vietnam (vietnamplus.vn)

"A large company cannot transition alone; we need SMEs in our ecosystem and clearer mechanisms to purchase renewable power." - Bui Khanh Nguyen, VP, Swire Coca‑Cola Vietnam (tuoitre.vn)

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ASEAN Digital Economy Framework Set for 2026 with $2T Potential by 2030

Published: 2025-10-07

ASEAN’s Digital Economy Framework Agreement (DEFA) is slated for signing and implementation in 2026, with negotiators reporting roughly 70% progress after the 14th round in Jakarta. Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto said ASEAN’s digital economy is valued at $263 billion in 2024 and is projected to reach $1 trillion by 2030; full DEFA execution could lift it to $2 trillion. Indonesia is expected to lead, with a forecast of $360 billion by 2030, driven by e-commerce (~$150 billion). Priority provisions include digital financial services, WTO-aligned duty-free treatment for electronic transmissions, non-discrimination of digital products, submarine cable governance, and flexible e-payment systems. For Vietnam, ASEAN officials noted DEFA would be the country’s first comprehensive digital economy pact, requiring accelerated regulatory and infrastructure readiness to capitalize on region-wide digital trade.

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Local Leaders Shift Approach After Debut FTA Index Highlights Gaps in Implementation

Published: 2025-10-07

Vietnam’s Ministry of Industry and Trade released the first provincial FTA Index in April 2025, benchmarking how 63 provinces execute free trade agreements across four pillars: outreach, legal compliance, competitiveness support, and sustainability. The national average score was 26.2/40, with the lowest at 14.49, revealing wide disparities in local capacity and attention to new-generation FTAs. Provinces often lack dedicated staff and rely on ad-hoc seminars, while many firms have no legal or FTA advisory support and remain focused on traditional markets rather than EU, Canada, Mexico, or the UK. Following publication, officials report a notable mindset shift as provinces set concrete targets, identify priority markets and sectors, and center exporters in support plans. Sustainability commitments remain uneven, though interest is rising in some localities.

"The FTA Index has become a key ‘thermometer’ helping us see local-level implementation more clearly." - Ngo Chung Khanh, Deputy Director, Multilateral Trade Policy Department, Ministry of Industry and Trade (vneconomy.vn)

"Many provinces suddenly realized their FTA execution was weaker than expected, and they are now changing their approach." - Assoc. Prof. Dao Ngoc Tien, Vice President, Foreign Trade University (vneconomy.vn)

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Infrastructure

Ho Chi Minh City Orders SATRA to Return Tax Trade Center Site if Project Conditions Not Met

Published: 2025-10-07

Ho Chi Minh City directed state-owned SATRA to work with the Finance and Construction departments to reassess eligibility to continue the long-stalled redevelopment of the former Tax Trade Center at 135 Nguyen Hue–39 Le Loi (over 9,000 m²). If SATRA cannot meet legal conditions under the Law on Management of Public Assets and the Investment Law, it must formally return the land for recovery and transfer to the city’s Land Development Center for management, according to city notices. The site, a prime “golden land” parcel demolished in 2016 for a planned 40‑story complex linked to Metro Line 1, has remained vacant due to legal and investment-approval hurdles, including rules on public assets and SATRA’s out‑of‑sector investment. SATRA says it has spent VND 487 billion on preparation and paid over VND 640 billion in land rent since demolition, and previously sought a no‑auction lease under the 2024 Land Law—an approach ministries rejected in 2021 for contravening public asset regulations.

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Cái Mép–Thị Vải Backed for Upgrade to International Transshipment Hub

Published: 2025-10-07

Vietnam’s Ministry of Construction endorsed accelerated investment to bring the Cái Mép Hạ and Cái Mép Hạ hạ lưu terminals into operation under approved port plans, positioning the Cái Mép–Thị Vải complex as an international transshipment gateway. The terminals are planned to handle container ships up to 24,000 TEUs and bulk/liquid cargoes up to 150,000 tons, with seven container berths targeted by 2030 and up to 17 berths at Cái Mép Hạ by 2050. Authorities in Ho Chi Minh City and the Ministry of Finance are appraising proposals for investment approval. Private conglomerate THACO has submitted a proposal to develop the Cái Mép Hạ berth, citing logistics experience from Chu Lai port. The 1,736-hectare Cái Mép Hạ Logistics Center, including port and energy storage reserves, is staged through 2030, aligning with national port development priorities.

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Society

Hội An Tops Global List of Most Affordable Long-Haul Winter Destinations

Published: 2025-10-07

Hội An has been ranked the most cost-effective long-haul destination for winter travel by UK-based Time Out using PostOffice data, highlighting strong value for European and American travelers. The index compares daily on-the-ground expenses such as dining, drinks, and accommodation. In Hội An, a three-course dinner for two with a bottle of wine averages about £40 ($54), and local beer around £1.23 ($2). The city’s appeal combines affordability with aesthetics—lantern-lit riverside streets, well-preserved heritage architecture, vibrant street food, nearby beaches, and a lively night market. Cape Town and Bali placed second and third, underscoring a broader trend of price competitiveness across parts of Africa and Asia. The full top 10 also features Mombasa, Tokyo, Colombo, Penang, Delhi, Phuket, and Santiago, offering a range of winter-sun options where higher airfares can be offset by lower on-site costs.

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Ho Chi Minh City Loses Labor Pull as Living Costs Outpace Wages and Firms Face Skills Gaps

Published: 2025-10-07

Ho Chi Minh City’s net in-migration has slowed sharply, signaling weakening labor attraction. Mechanical population growth averaged 170,000–180,000 annually from 2015–2021 but fell to about 65,000 in 2023, the first year mechanical growth trailed natural increase. The city’s cost pressures are central: average monthly living expenses are estimated at VND 11.4 million per person versus average incomes near VND 6.5 million, prompting many workers to reconsider staying. More than 300,000 unemployment benefit applications were filed in 2022–2023, underscoring ongoing strain. A forthcoming Thanh Nien video series highlights squeezed factory wages (VND 5–6 million), vacant rental rooms, and firms lacking skilled labor. City responses under discussion include inter-provincial job matching, expanded social housing, and improved healthcare and education benefits, alongside better residency data and a shift toward high-tech and higher-value services.

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Cyber Fraud Cases Dominate Crime Structure in Q3 2025 Despite Overall Decline

Published: 2025-10-07

Vietnam’s Ministry of Public Security reports cyber-enabled asset fraud grew more complex in Q3 2025, accounting for 59% of fraud-related offenses, even as total cases declined year-on-year. Senior officials said losses remain substantial, with many schemes targeting seniors and exploiting curiosity. Authorities note transnational elements, citing perpetrators from third countries and broad global concern over cybercrime in more than 190 nations. The Criminal Police Department has coordinated nationwide investigations, detaining nearly 200 suspects across several cases in recent months. Officials reiterated standard safeguards, warning that legitimate state agencies do not conduct business over the phone and communicate through official channels and local authorities.

"State agencies do not conduct business by phone; official communications are through local authorities, press releases, and formal documents." - Senior Colonel Le Khac Son, Deputy Director, Criminal Police Department (vneconomy.vn)

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Environment

Torrential Rains Swamp Hanoi: Up to 122 Flood Points, Transport Disrupted as City Runs Pumps at Full Capacity

Published: 2025-10-07

"From 3 a.m. we operated up to nine units at Yên Nghĩa, with total pumping capacity reaching 108 cubic meters per second to lower water levels." - Trịnh Ngọc Sơn, Deputy CEO, Hanoi Drainage Company (vietnamplus.vn)

Overnight downpours tied to post-Typhoon Matmo inundated Hanoi on Oct. 7, delivering 100–250mm across the city and over 300mm in hotspots. Authorities logged 70–90 flooded points in the morning, peaking at 122 by 10 a.m.; 23–29 sites were impassable with depths of 0.3–0.9m, including Nguyễn Trãi, Khuất Duy Tiến–Trần Duy Hưng, Trần Thái Tông, and sections of QL6. Inner-city arteries near Mỹ Đình and Cầu Giấy saw widespread vehicle breakdowns and basement flooding. The city activated four-tier traffic responses, deployed drainage crews, and ran major stations (Yên Sở 20/20 pumps, Yên Nghĩa, Cổ Nhuế, Đồng Bông) to expedite runoff. Meteorologists warned of continued heavy showers through the afternoon, localized lightning and gusts, and prolonged inundation in low-lying wards. Several schools shifted to online teaching and businesses curtailed operations as commuting became hazardous.

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Northern provinces race to contain historic Sông Cầu flooding as government orders emergency defenses

Published: 2025-10-07

Heavy rains from Tropical Depression Matmo’s remnants triggered exceptional flooding across northern Vietnam on Oct 7, with Thái Nguyên hardest hit. Hydrology stations reported the Sông Cầu surpassing the 2024 Yagi peak by 0.45–0.56m, prompting emergency dike protection, mass evacuations, and widespread power cuts in central Thái Nguyên. National authorities warned of “particularly large” floods on the Sông Cầu, Thương, and Lục Nam, with multiple rivers above Alarm Level 3 and risks to dike safety in the Thái Bình basin. Provincial leaders activated 24/7 command, school schedule adjustments, and logistics for isolated areas; initial reports cite one death in Thái Nguyên and thousands of homes and crops inundated regionwide.

"Ensure immediate evacuation from deep-flooded and landslide-prone areas and deploy all resources to protect dikes and reservoirs." - Prime Minister Phạm Minh Chính (vietnamplus.vn)

"The Sông Cầu level at Gia Bảy continues rising and is expected to set a new record this evening." - Cao Tiến Mạnh, Gia Bảy Hydrology Station Chief (thanhnien.vn)

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Northern Vietnam Endures Torrential Rains as Rivers Surge; Hanoi, Thai Nguyen Face Urban Flooding and Landslide Risks

Published: 2025-10-07

Northern provinces recorded extreme rainfall following the remnants of Typhoon Matmo interacting with a moist southeasterly flow, triggering a strong convergence band over the northeast. Thai Nguyen saw 500–560 mm in under 12 hours; Hanoi logged 100–300 mm, peaking at Me Tri (301 mm). Urban flooding disrupted commuting and schooling, with 90–122 inundation points in Hanoi and widespread road closures in Thai Nguyen, Bac Ninh, Lang Son, and Cao Bang. Hydrologists warn of exceptional crests on the Cau, Thuong and Luc Nam rivers, with the Cau at Gia Bay surpassing 2024’s historic level. Authorities report fatalities, missing persons, thousands of flooded homes, and crop losses.

"Convergence from the weakened storm and a humid southeasterly flow drove intense convection over the northeast, with Hanoi and Thai Nguyen seeing particularly heavy rain" - Mai Van Khiem, Director, National Center for Hydro-Meteorological Forecasting (vnexpress.net)

"We urge immediate relocation from flood-prone riverbanks and vigilance against landslides and flash floods" - Cao Bang Provincial Police (tuoitre.vn)

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Small Hydropower Dam Breaches in Lạng Sơn; Emergency Response Stabilizes Site, No Casualties Reported

Published: 2025-10-07

A 4–5m breach occurred at the Bắc Khê 1 hydropower dam in Lạng Sơn around 13:30 on Oct 7 following intense rainfall from Tropical Storm Matmo’s remnants. The earthfill dam (2.4 MW; reservoir ~4.8 million m3) released flows downstream, damaging the intake structure and control room; initial losses are estimated at about VND 50 billion. Authorities had evacuated 200–300 households in four downstream hamlets after cracks were spotted in the morning, preventing casualties. By evening, rain eased, water levels began receding, and the breach remained stable without further erosion. The Ministry of Industry and Trade ordered urgent inspections of small hydropower reservoirs across northern provinces and activated emergency protocols.

"People were evacuated to safety before the breach, and outflow at the break is not large, but close monitoring and rapid repairs are required." - Deputy Minister Nguyễn Hoàng Hiệp (tuoitre.vn)

"Implement emergency response immediately and ensure absolute safety for downstream communities." - Phạm Tuấn Anh, Cục trưởng Cục Kỹ thuật an toàn và Môi trường công nghiệp (vietnamplus.vn)

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Post-Matmo Flooding Triggers Northern Emergency Measures; Dam Failure Prompts Evacuations

Published: 2025-10-07

Heavy rainfall from Typhoon Matmo’s remnants unleashed severe flooding and landslides across northern provinces, leaving at least 7 dead or missing, thousands of homes inundated, and transport disrupted at hundreds of points. Authorities reported over 9,800 homes flooded and more than 10,000 hectares of crops damaged, with major impacts in Cao Bang, Lang Son, Bac Ninh, and Thai Nguyen. The Bắc Khê 1 hydropower plant in Lang Son suffered a structural failure at its intake, forcing evacuations of affected households while hydropower reservoirs across the North conducted spillway releases to manage inflows. The Prime Minister ordered urgent flood defenses, evacuations from high-risk zones, and guaranteed access to isolated communities, alongside strict dam safety oversight. Thai Nguyen mobilized full police and military forces as the Cau River rose to exceptional levels, with local leaders instructing round-the-clock dike patrols and rapid recovery of critical infrastructure.

"By all means, reach areas cut off by floodwaters and ensure no one goes hungry or thirsty." - Prime Minister Pham Minh Chinh (thanhnien.vn)

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Ho Chi Minh City Plans Low-Emission Zones from 2026 with Subsidies for Electric Two-Wheelers

Published: 2025-10-07

Ho Chi Minh City is advancing a low-emission zone (LEZ) plan to restrict high-emitting vehicles in the central core and along Can Gio’s Rung Sac corridor starting 2026, with phased expansion through 2032. Initial restrictions target diesel trucks, commercial cars below Euro 4, and service motorbikes under Euro 2, aligning with a broader shift to electrified fleets. Proposed incentives include cash support for households to switch to electric motorbikes—up to 100% of costs for poor households (capped at VND 20 million), 80% for near-poor, and 10% for others—plus fee reductions and loan interest support. The city will deploy ANPR cameras, new LEZ signage, and expand clean bus routes and charging infrastructure.

"We can prioritize green transition for buses and app-based transport first, encourage the public sector and residents to follow, and fully support low-income households to ensure fairness with minimal disruption." - Bui Hoa An, Deputy Director, HCMC Department of Construction (tuoitre.vn)

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Northern River Floods Break Records as Authorities Raise Alerts and Order Evacuations

Published: 2025-10-07

Heavy rain from Typhoon No. 11’s remnants has driven rapid flooding on the Cầu, Thương, and Lục Nam rivers, with gauges surpassing historic levels at Thái Nguyên’s Gia Bảy station and multiple sites at or above Alarm Level 3. Bắc Ninh issued top-tier flood alerts on the Thương River and activated 24/7 dike patrols, while hundreds of households were evacuated due to isolation. National and provincial agencies ordered emergency reinforcement of vulnerable dikes, inspection of weak sluices, and readiness under the “four on-the-spot” principle. The National Center for Hydro-Meteorological Forecasting warns of widespread inundation in Thái Nguyên, Bắc Ninh, Lạng Sơn, and Cao Bằng, with elevated risks of flash floods and landslides; rainfall should ease from October 8. Reported impacts include at least three deaths, four missing, thousands of homes flooded, and significant agricultural losses.

"Flood forecasts factor in expected reservoir releases; updates will follow if discharge levels change." - Hoang Van Dai, Deputy Director, National Center for Hydro-Meteorological Forecasting (vietnamplus.vn)

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Northern Hydropower Dams Scale Back Discharge to Ease Downstream Water Levels

Published: 2025-10-07

Operators of major northern reservoirs are tightening outflows to manage river levels and protect downstream areas, including Hanoi. Son La Hydropower proposed closing one bottom outlet at 9:00 on October 7 to coordinate with Hoa Binh’s operations and lower the Red River level through the capital. Thac Ba shut all spillway gates from 6:30 on October 7 after moderate rainfall on the Chay River basin kept inflows manageable, while Hoa Binh will close one of its two bottom outlets at 1:00 on October 8, leaving one gate open as of early Wednesday. Authorities have urged provincial governments across the lower Red–Thai Binh system to alert river users and adjust activities for safety during fluctuating releases.

"As of this morning, Thac Ba has completely closed the spillway gates. Water levels are within the safe threshold." - Nguyen Manh Cuong, Deputy General Director, Thac Ba Hydropower (vietnamplus.vn)

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Hanoi Battles Widespread Flooding with Emergency River Response and Condo Basement Safeguards

Published: 2025-10-07

Successive storm systems triggered heavy rains on October 7, pushing the Red River above alert level 1 and inundating low-lying neighborhoods and multiple urban districts. Inner-city arteries and high-end precincts like Ngoai Giao Doan and Tay Ho Tay saw knee‑deep water, while apartment basements again emerged as critical failure points. Building managers and residents erected sandbag walls, deployed pumps, and coordinated alerts; experts urged structural fixes—elevated ramp thresholds, one‑way valves, automated flood doors, high‑capacity pumps, and digital monitoring—alongside citywide drainage upgrades. Authorities ordered round‑the‑clock patrols, evacuations in river islands and cut‑off zones, and strict dike surveillance. Human impact is severe in rental areas and dorm belts, where repeated inundation disrupted power, water, and schooling.

"The top priority now is absolute safety for residents... ready to respond to unusual rain and flooding developments across the capital." - Nguyen Manh Quyen, Hanoi Vice Chairman (vietnamplus.vn)

"We want investors, building managers, authorities, and residents to act proactively so the rainy season doesn’t become a season of losses." - Resident Huy Hoang, An Khanh (vietnamplus.vn)

"Basements are the most vulnerable systems in apartment towers during heavy rain or flooding." - Architect Pham Anh Quan (baotintuc.vn)

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Ho Chi Minh City Plans Subsidies Covering 20–100% of EV Conversion Costs, Pilot Low-Emission Zones from 2026

Published: 2025-10-07

Ho Chi Minh City unveiled a multi-pillar plan to green urban transport, combining electrification, low-emission zones (LEZ), and supportive policy infrastructure. From now to 2030, the city will add 78 clean-fuel bus routes (2,849 vehicles) and expand non-motorized options, including potential dedicated bike lanes and shared e-bikes. To ease upfront costs, proposed incentives include 100% registration fee exemption for electric vehicles used in transport services, 50% cuts to road maintenance fees for cars and license plate reissuance fees for EVs, 10% cash support (capped at VND 5 million) for purchasing new motorbikes, compensation of 70% residual value for scrapped motorbikes, and 10% interest support on loans. Households could receive EV transition subsidies scaled by income: 100% for poor, 80% for near-poor, and about 20% for others, with parking benefits. LEZ pilots are slated for downtown HCMC, Can Gio, and Con Dao starting 2026, paired with earlier emissions testing in Can Gio from July 1, 2026 and stricter standards by 2030. Con Dao would add six electric bus routes, shared e-bikes, solar charging, and AI-enabled emissions monitoring.

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Innovation

Draft Decree Expands VNeID to Host Nearly 200 Official Documents, Curbing Paper Requirements

Published: 2025-10-07

The Ministry of Public Security has proposed amendments to Decree 69/2024 to accelerate digital identification and authentication via the VNeID app, aiming to integrate 188 types of documents across domains such as identity, residency, immigration, education, healthcare, land, vehicles, justice, finance, and construction. Authorities say only 16 document types are currently integrated, limiting benefits from administrative simplification. The draft would prohibit agencies from asking for paper originals or copies if information is already on VNeID and shift paper issuance to “upon request,” with related printing costs gradually removed from administrative fees. VNeID would stop auto-locking accounts when an e-ID or document expires and instead hide expired items while issuing expiry alerts so users can renew. The draft is open for public comment from October 3–13 on the ministry’s portal.

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Draft AI Law Sets Risk-Based Framework and Bans Nine High-Risk Uses

Published: 2025-10-07

Vietnam’s Ministry of Science and Technology released a draft Artificial Intelligence Law establishing a comprehensive, risk-based regime for AI research, development, provision, deployment, and use. The draft outlines seven core principles—human-centric design, safety, transparency, accountability, national autonomy with international integration, inclusive and sustainable development, balanced policymaking, risk-based management, and innovation enablement. It categorizes AI systems into four risk tiers: unacceptable (prohibited), high (strict registration, assessment, transparency, and oversight), medium (disclosure when interacting with users or generating content), and low (voluntary standards and ex-post checks). Notably, nine uses are banned, including manipulative behavioral targeting, exploitation of vulnerable groups, broad social scoring by state bodies, real-time remote biometric ID for law enforcement except in narrowly defined cases, mass facial database scraping, emotion recognition in workplaces and schools, harmful deepfakes, anti-state applications, and other cases later designated by the government. The draft is expected to be submitted to the National Assembly by year-end, signaling a move toward an EU-style risk framework tailored to domestic priorities.

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Central Bank Pilots Fraud-Risk Platform as Digital Payments Volume Hits Record Levels

Published: 2025-10-07

Vietnam’s payment rails are expanding rapidly, with daily transactions via NAPAS reportedly reaching VND 120 trillion (about USD 6 billion). Regulators are prioritizing security as volumes scale, launching the SIMO platform to centralize fraud intelligence and enable real-time risk sharing across banks and payment intermediaries. The State Bank of Vietnam (SBV) says SIMO builds a shared database of suspicious accounts, cards, e-wallets, and merchants, and provides an interbank alert mechanism to block abnormal transactions preemptively. Piloted at five commercial banks, SIMO has shown measurable reductions in fraud, officials said. NAPAS is integrating big data and AI, drawing from SBV’s SIMO and the Ministry of Public Security’s A05, to automate alerts and transaction tracing, while drafting interbank incident playbooks with the Vietnam Banks Association.

"This figure reflects the scale and fast pace of domestic payments and the growing role of national payment infrastructure in the digital economy." - Deputy Governor Pham Tien Dung, State Bank of Vietnam (vneconomy.vn)

"SIMO aims to enhance safety, transparency, and proactive risk detection across the sector." - Pham Anh Tuan, Head of Payment Department, State Bank of Vietnam (vneconomy.vn)

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National Spectrum Plan Prioritizes LEO satellites, 6G bands, and next‑gen Wi‑Fi after WRC‑23 updates

Published: 2025-10-07

Vietnam’s Prime Minister approved Decision 37, a new National Radio Frequency Spectrum Plan replacing the 2013 framework and its amendments, aligning domestic allocations with WRC‑23 outcomes. The plan introduces formal provisions for non‑geostationary (LEO/NGSO) satellites, mandates rapid mitigation of harmful interference in the 10.7–12.75 GHz downlink for FSS, and earmarks Ka‑band for new geostationary satellites (Vinasat). Key bands are reoriented toward next‑generation connectivity: 600 MHz for nationwide 5G/6G coverage, 3.4–3.56 GHz shifting from satellite to mobile broadband, and 6.425–7.125 GHz prioritized for IMT, framed as a future 6G “golden range.” The 5.925–6.425 GHz band opens for Wi‑Fi 6E/7. Flexibility is added across 700/800/900 MHz for shared use beyond public IMT. Officials say the plan underpins high‑capacity digital infrastructure and aligns with international practices to support digital transformation and space technology strategy to 2030.

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First National AI Maturity Framework to Debut at AI360 Forum in Hanoi

Published: 2025-10-07

Vietnam’s software association VINASA will unveil a draft AI Maturity Framework on 9 October at the AI360 Forum in Hanoi, positioning it as the country’s first national benchmark to guide enterprises in assessing and developing AI capabilities. The framework focuses on ROI measurement, data readiness, core technology capacity, and risk governance—areas critical as AI adoption accelerates, with AWS research indicating five local firms begin using AI every hour in 2024. The forum will also spotlight “Make in Vietnam” AI solutions and discuss applying AI to two-tier local governance, from forecasting to automating public services to address rising workloads and tech skill gaps. VINASA frames the tool as a comprehensive guide for structured AI development, aimed at translating strategy into operational results.

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‘One-Touch’ Payments Gain Traction as QR and Tokenized Cards Reshape Vietnam’s Digital Finance Push

Published: 2025-10-07

Vietnam is accelerating cashless adoption as policymakers, banks, and payment networks align on “one-touch” experiences across retail, public services, and transport. The State Bank-backed Card Day 2025 forum highlighted goals under the national financial inclusion strategy: at least 80% of adults with transaction accounts by 2025 and non-cash payment growth of 20–25% annually. Banks report near-total migration to digital channels, while QR and tokenized cards extend into daily use and mobility. Hanoi’s Cat Linh–Ha Dong metro is piloting multi-modal gates accepting chip-based IDs, Visa, and QR, processing scans in as little as 0.2 seconds. NAPAS is scaling cross-border QR with Thailand, Cambodia, and Laos, targeting China by end-2025 and reverse connectivity in 2026. Risk controls include 3D Secure, tokenization, and AI fraud detection.

"If a metro rider still needs to wear a card on a lanyard, the system isn’t complete." - Pham Tien Dung, Deputy Governor, State Bank of Vietnam (vietnamplus.vn)

"QR payments have reached every corner of daily life." - Nguyen Hoang Long, Deputy CEO, NAPAS (vietnamplus.vn)

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AI-Driven Cyberattacks Cut Breakout Time to Under an Hour, Pressuring Real-Time Defense

Published: 2025-10-07

CrowdStrike’s Global Threat Report 2025, cited at a recent cybersecurity leadership forum in Hanoi, finds eCrime actors accelerating lateral movement using AI and automation: the average breakout time fell to 48 minutes in 2024, with the fastest at 51 seconds. Attack chains are increasingly automated—tailored malware, rapid vulnerability exploitation, and evasion of legacy tools—exposing gaps in fragmented, multi-vendor defense stacks that limit unified visibility. Banking executives note AI’s dual edge: gains in fraud detection, credit-risk alerts, liquidity forecasting, and cash optimization, alongside risks from data leakage, privilege misuse, “shadow AI,” and API/pipeline exploits, as agentic AI expands the attack surface across digital banking integrations.

"We are witnessing a prolonged asymmetric game where attackers hold the advantage… With AI’s rise, we cannot keep doing cybersecurity the old way." - Nguyen Son Hai, CEO, Viettel Cyber Security (vneconomy.vn)

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Roadmap to 2050 Sets Dual Push for Smart Cities and Startup-Led Growth

Published: 2025-10-07

Vietnam is aligning urban modernization with a national startup agenda to reach a 2050 vision of smart, livable cities and an innovation-driven economy. Provinces are rolling out command centers and digital public services, with leaders like Da Nang, Hanoi, and Ho Chi Minh City piloting intelligent transport, digital IDs, and open data. Yet international indices place HCMC 101/146 and Hanoi 88/146, underscoring gaps in planning, governance, and environmental performance. Experts call for a long-horizon strategy, a central coordinating body, and six pillars spanning mobility, quality of life, environment, people, e-government, and smart economy. Startup momentum—over 4,000 firms including unicorns MoMo and Sky Mavis—needs deeper talent, IP protection, and seed funding to scale, especially in AI, fintech, edtech, healthtech, agritech, and climate solutions.

"The biggest risk is chasing technology and forgetting social values like privacy, equity, and cohesion. Cities must be human-centered, with technology serving the community." - Prof. Nguyen Quang Trung, RMIT Vietnam (baotintuc.vn)

"Startups face a shortage of qualified talent and a lack of scalable projects. Vietnam must invest more in education and policies to attract investors and founders." - Dr. Justin Xavier, RMIT Vietnam (baotintuc.vn)

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Health

Hanoi Schools Shift Online as Torrential Rains Flood Campuses and Roads

Published: 2025-10-07

Heavy overnight downpours linked to Typhoon Matmo’s remnants forced widespread switches to online learning across Hanoi on Oct. 7, with some universities postponing exams and many K–12 schools canceling transport or full-day classes. Authorities allowed principals to decide modalities day-to-day, producing a patchwork of online, hybrid, and in-person plans that could change before 6:00 a.m. each day. The Hydrometeorological Center warned short, intense bursts could overwhelm drainage and disrupt transit. Operationally, schools mobilized staff to protect facilities and prepared make-up lessons and digital backups to limit learning loss; several institutions extended remote study into Oct. 8 as dozens of streets remained inundated. Frustration surfaced over late notices as students were already commuting.

"I cried when I read this announcement" - Student at Vietnam National University, Hanoi (thanhnien.vn)

"If the weather is unfavorable, the school will notify [changes] before 6 a.m. tomorrow" - Administration, Truong Dinh High School (vietnamplus.vn)

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