This is a brief rundown of what is being reported today in Vietnam’s state-approved media and some others.
It compiles coverage from official outlets like Dan Tri, Tuoi Tre, and VN Express, highlighting the narratives currently shaping the country’s economic, financial, and business news landscape.
December 26
Red River development withdrawal
The Investor is reporting that MIK Group has asked to withdraw from Hanoi’s Red River Scenic Boulevard project and transfer its rights and obligations to Dai Quang Minh Real Estate Investment Joint Stock Company.
The request was submitted to the Hanoi municipal government, with MIK Group saying the exit would not affect project progress or quality.
The project’s revised investment estimate stands at VND 855 trillion (US$32.49 billion) and will be implemented under a public private partnership model.
Ed.’s notes: Timing is interesting – not long after it was approved.
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Vingroup withdrawal north-south HSR project
The Investor is reporting that Vingroup has withdrawn its registration to invest in Vietnam’s North–South high speed railway, citing a decision to prioritise other strategic infrastructure and energy projects.
In a filing to the Government, the group said the move would not affect the project, which has attracted proposals from other well capitalised investors.
Ed.’s notes: This is not surprising – Vingroup is already spread very thin with subsidiary VinFast is losing billions of dollars a year.
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New steel plant
Vietnamnet is reporting that Ton Viet Phap Joint Stock Company inaugurated its second cold rolled steel plant on Dec 19 with initial investment of US$45 million, according to the company.
The company said the plant can produce ultra thin cold rolled coil down to 0.12 millimetres, targeting high grade domestic and export markets.
Ed.’s notes: Another steel plant – industry already has over supply, lots of cheap imports from China. Many existing firms (Pomina, SMC, NKG, for example) are already struggling.
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South Korean garment factory closure
Tuoi Tre is reporting that a South Korean invested firm employing 2,640 workers in Ho Chi Minh City has announced it will cease operations from Feb 1, 2026, authorities said on Dec 25.
The company, Panko Vina, cited prolonged order shortages after COVID-19 and plans to consolidate production at its Quang Nam factory.
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Sun Group development Ban Gioc
Nha Dau Tu is reporting that Sun Group has proposed a master planning concept for the Ban Gioc Waterfall Tourism Area in Cao Bang, provincial authorities said after a meeting on Dec 25.
The plan covers about 1,000 hectares in Dam Thuy Commune and aims to develop cross border eco tourism linked to culture, community livelihoods and environmental protection.
Ed.’s notes: Sun Group has played a major role in accelerating tourism growth across Vietnam, but its development model leaves a lot to be desired in terms of protecting the natural environment by Western standards. #monitoring
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Possible gas shortages
Thanh Nien is reporting that Vietnam’s Ministry of Industry and Trade has ordered PetroVietnam Gas and related firms to report on the suspension of natural gas supplies used to produce compressed natural gas.
The ministry said it is verifying information after PetroVietnam Gas Low Pressure Distribution notified Southern Gas Trading it would stop deliveries from January 1, 2026.
Digital camera exports
the-shiv is reporting that Vietnam exported digital cameras to the tune of US$792 million in November, down from US$875 million in October, a change of -9.48 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$7,542 million worth of digital cameras by the end of November.
Imports from Italy
the-shiv is reporting that in November, Vietnam imported US$180.10 million worth of goods from Italy, up from US$175.83 million in October, a change of 2.43 percent, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$1,825 million worth of goods from Italy.
Exports to Singapore
the-shiv is reporting that in November, Vietnam exported US$433 million worth of goods to Singapore, down 16.39 percent over October, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has exported US$5,284 million worth of goods to Singapore.
Stock market Thursday
the-shiv is reporting that the VN-Index closed at 1,742.85, down 39.97 points or 2.24 percent, with a total trading value of VND 26,350.59 billion or US$1000.02 million, and foreign traders net-buying US$22.96 million worth of equities, Thursday, according to the latest data from the Ho Chi Minh City Stock Exchange.
Exchange rates Thursday
the-shiv is reporting that on December 25, in Vietnam, the black market US dollar buy rate was VND 26,820 and the sell rate was VND 26,870, a change of 20 and 10, respectively, for a mid-market rate of VND 26,845 (up 0.06 percent), according to Ty Gia USD.
Toy / sporting goods exports
the-shiv is reporting that Vietnam exported toys and sporting goods to the tune of US$848 million in November, down from US$962 million in October, a change of -11.87 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$8,370 million worth of toys and sporting goods by the end of November.
December 25
Germany-Vietnam investment
VOV English is reporting that Germany completed ratification of the European Union Vietnam Investment Protection Agreement in 2025, marking a key legal milestone in Vietnam European Union investment relations.
EVIPA establishes binding rules on investor protection, transparency, dispute settlement and host state obligations for European investments in Vietnam.
Ed.’s notes: There is nothing new in this article, however, it is interesting timing following on from “op-ed” yesterday (see below) that suggested Germany could be out of compliance with international law for not doing more to return a Vietnamese human rights lawyer and journalist wanted by Vietnamese police currently residing in Germany.
Stock market CPV plenum
Reuters is reporting that Vietnam’s benchmark stock index opened at a record high on Dec 24, briefly extending a rally driven by expectations of political continuity after a Communist Party plenum.
The party meeting ended on Tuesday with messages of unity, as officials agreed on candidates for the next five year leadership ahead of the January congress.
Ed.’s notes: Correlation does not necessarily mean causation.
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Vingroup overseas bond issuance
The Investor is reporting that Vingroup completed an overseas bond issuance of US$325 million with a five year maturity, according to a disclosure filed with the Hanoi Stock Exchange.
The company issued 1,625 bonds with a par value of US$200,000 each and an annual yield of 5.5 percent, maturing on Dec 16, 2030.
The non convertible and unsecured bonds were issued on Dec 16 and listed on the Vienna Stock Exchange.
Vingroup said the issuance adds long term foreign currency funding to support operations across urban development, infrastructure, energy and industry.
PCC plenum president
Bloomberg is reporting that Vietnam’s Communist Party is expected to nominate General Secretary To Lam to remain in the top post and also put him forward to hold the presidency, according to people familiar with the decision.
The nomination was agreed at the Party Central Committee’s (PCC) 15th plenum ahead of the Party Congress next month, where senior leaders will be elected for a five year term.
If approved, Lam would become the first leader in the modern era to formally hold both roles concurrently beyond a temporary arrangement, the article notes.
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Swedish ETF ups investment
Dau Tu Kien Thuc is reporting that EVF shares rose 0.44 percent as foreign investors bought a net VND 2.39 billion (US$90,700), extending net buying to three sessions totaling VND 5.88 billion (US$223,000).
Foreign inflows followed confirmation that Sweden’s Swedfund completed a US$20 million investment as part of a US$40 million financing package with Austria’s OeEB.
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Vicem turns profit
VnExpress is reporting that Vietnam Cement Corporation said it recorded profit of more than VND 287.3 billion (US$10.9 million) in 2025, ending two consecutive years of losses exceeding VND 1 trillion.
The state owned group reported revenue of VND 28.848 trillion (US$1.10 billion), up 5.1 percent year on year, with cement and clinker consumption reaching 25.87 million tonnes.
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MoF rejects football betting cap hike
Dan Tri is reporting that on Dec 24, the Ministry of Finance rejected proposals to raise the daily cap on international football betting to VND 100 million (US$3,795) per person.
A draft decree maintains a maximum stake of VND 10 million (US$379) per person per day at each betting operator, citing average annual income of about US$5,000.
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Imports from UK
the-shiv is reporting that content in November, Vietnam imported US$89.78 million worth of goods from the UK, up from US$87.35 million in October, a change of 2.78 percent, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$893 million worth of goods from UK.
Stock market Wednesday
the-shiv is reporting that the VN-Index closed at 1,782.82, up 10.67 points or 0.60 percent, with a total trading value of VND 25,236.37 billion or US$957.74 million, and foreign traders net-buying US$40.91 million worth of equities, Wednesday, according to the latest data from the Ho Chi Minh City Stock Exchange.
Iron and steel imports
the-shiv is reporting that Vietnam imported iron and steel to the tune of US$1,019 million in November, up from US$996 million in October, a change of 2.23 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$9,978 million worth of iron and steel by the end of November.
Seafood exports
the-shiv is reporting that Vietnam exported fishery products to the tune of US$990 million in November, down from US$1,159 million in October, a change of -14.61 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$10,317 million worth of fishery products by the end of November.
Imports from Germany
the-shiv is reporting that in November, Vietnam imported US$310.94 million worth of goods from Germany, down from US$379.03 million in October, a change of -17.96 percent, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$3,671 million worth of goods from Germany.
Exports to France
the-shiv is reporting that in November, Vietnam exported US$365 million worth of goods to France, up 6.74 percent over October, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has exported US$3,687 million worth of goods to France.
Animal feed production
the-shiv is reporting that Vietnam produced 1,349.87 thousand tons of animal feed in November, up 2.01 percent from 1,323.21 thousand tons in October, according to the latest data from the National Statistics Office.
Over the first ten months of the year, output reached 13,799.43 thousand tons.
Plastics imports
the-shiv is reporting that Vietnam imported plastics to the tune of US$1,003 million in November, down from US$1,003 million in October, a change of -0.03 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$11,385 million worth of plastics by the end of November.
December 24
“Op-ed” arrest of journalist/HR lawyer in Germany
The Vietnam News Agency has published an opinion article arguing that freedom of expression and press freedom are not absolute under international and Vietnamese law.
The article said actions by Le Trung Khoa and Nguyen Van Dai (a journalist and human rights lawyer, respectively) fall outside protections under Vietnam’s Constitution and the International Covenant on Civil and Political Rights.==
Ed.’s notes: Firstly, not an op-ed, just an editorial. No legal arguments. No crimes identified. No trial has taken place, so really this is all only allegations by international standards. Germany part of EU one of Vietnam’s biggest trading partners – Left and right hand conflict, greater control domestically versus greater international integration.
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Gym membership instalment warning
Dan Tri is reporting that on Dec 24, the National Competition Commission warned consumers about gym instalment packages that may conceal credit loan contracts through financial applications.
The agency said some gyms mislead customers into installing loan apps or signing credit agreements while promoting pay later or zero interest training packages.
Ed.’s notes: This is not that common. Usually gyms are pay in full in advance.
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Thai Central Retail electronics exit
Nguoi Lao Dong is reporting that on Dec 23, Central Retail said it will sell all direct and indirect stakes in Nguyen Kim to Pico Holdings for about 1.14 billion baht (US$36 million).
The Thai retailer invested more than US$200 million over nearly 10 years, including a 2019 buyout valued at about VND 2.6 trillion (US$98.7 million).
Consumer confidence
VnExpress is reporting that consumers in Vietnam are tightening Tet spending as natural disasters and higher food prices pressure household budgets, according to interviews and market surveys published on Dec 24.
Ho Chi Minh City residents interviewed by the publication said they are prioritising essentials and cutting gift budgets, including reducing Tet specialty purchases previously costing about VND 6 million (US$227.8).
Vingroup chair worth vs Jack Ma
Tuoi Tre is reporting that on Dec 23, Forbes data showed Vingroup chairman Pham Nhat Vuong’s net worth reached US$30 billion, surpassing Alibaba founder Jack Ma’s US$28.6 billion.
SOE share auction challenge
Nguoi Lao Dong is reporting that several state owned share auctions were cancelled after attracting no bidders, according to notices from the Hanoi Stock Exchange published in December.
Vietnam Posts and Telecommunications Group failed to auction 188.7 million Maritime Bank shares after no investors registered by the deadline.
Finnish ETF on Vingroup stock price
Tuoi Tre is reporting that PYN Elite Fund said some investors joked the VN-Index should be called the VIN-Index in 2025 due to the heavy weight of Vingroup-related stocks.
PYN Elite Fund said its net asset value rose about 30 percent in the first eight months, but performance fell to 14.8 percent by Dec 10.
The fund said the VN-Index gained about 35.7 percent overall, but excluding Vingroup stocks, the increase was around 14.8 percent.
Ed.’s notes: Another example of VIC stocks distorting the market.
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December 23
Trump developer expands
Tuoi Tre is reporting that Kinh Bac Urban Development Corporation said it has acquired full stakes in Logistics A&E and 3H Viet Nam, gaining control of Lang Ha Investment Joint Stock Company.
Lang Ha Investment owns a 28 storey commercial and office building at 1A, 1C and 1D Lang Ha Street in Ha Noi, which has faced construction delays.
Ed.’s notes: This is the company building the Trump gold course and resort in Hung Yen.
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Japanese eyewear retail
Vietnamnet is reporting that Japanese eyewear brand OWNDAYS opened a new store on the ground floor of Sense City Pham Van Dong shopping centre in Ho Chi Minh City.
The opening event featured public appearances by beauty queen Thien An, actor Tran Hieu and TikToker Xun Hoa, according to the company.
OWNDAYS said the store offers prescription glasses and sunglasses in a minimalist Japanese design, with free eye tests and on site fitting services.
The company said prices start from VND 1,580,000 (US$60.0) for a complete pair including frame and lenses, with a one year global warranty.
Trade minister change
Bloomberg is reporting that Vietnam has replaced its trade minister as Communist Party officials meet to review personnel ahead of the next party congress.
Le Manh Hung was appointed acting Minister of Industry and Trade, while incumbent Nguyen Hong Dien will become deputy secretary of the National Assembly Party Committee.
The leadership review coincides with the Party Central Committee’s 15th plenum, which is discussing preparations for the twice a decade party congress scheduled next month.
Dien previously oversaw trade negotiations with the United States after Washington threatened tariffs of up to 46 percent, later reduced to 20 percent.
December 22
Vingroup launches 11 projects
Thanh Nien is reporting that Vingroup launched 11 major projects nationwide on December 19, spanning urban development, infrastructure, renewable energy and heavy industry.
The projects include the Olympic Sports Urban Area in Hanoi, Ha Long Xanh and Cam Ranh mega urban complexes, and the Ben Thanh–Can Gio high-speed railway.
Prime Minister Pham Minh Chinh said the combined investment totals about VND 3.4 quadrillion (around US$129 billion), with private capital accounting for 82 per cent.
Ed.’s notes: Vingroup is spreading itself very thin. Already carrying a significant debt burden. Another red flag.
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UK VN-fund buy back
VnExpress is reporting that Vietnam Enterprise Investments Limited, the largest foreign fund in Vietnam, plans to buy back up to 10 percent of its fund units, with the option to conduct two more buybacks within 12 months.
If fully executed, total redemptions could reach about VND 14.3 trillion (US$545 million).
The move follows pressure from shareholders, with over 20 percent supporting a potential wind-down.
VEIL has underperformed its benchmark, with net asset value rising about 20.7 percent year to date versus 31.1 percent for the VN-Index.
Ed.’s notes: Details of the offer. Difficult to outperform the index with the Vingroup ecosystem responsible for most of its gains, stocks in which have generally low floats and not great looking financials. Note VEIL will need to sell stocks to cover investors that choose to exit – implications of Vingroup’s huge gains this year go beyond its own ecosystem.
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VN workers RoK
The Korea Times is reporting that Vietnamese nationals are driving much of South Korea’s record foreign resident growth, with their population rising 15.5 percent to about 270,000 in 2025, the fastest increase among major groups.
They also lead the foreign student population, accounting for around 100,000 enrolments, as Korean universities attract young Vietnamese seeking education and longer-term residence.
GS on public discourse management
VOV is reporting that Vietnam’s Party General Secretary To Lam has called for closer monitoring of public opinion, stronger grassroots engagement and renewed information work across traditional and digital platforms to support reform, national unity and long-term development.
Speaking at a national conference on communications and mass mobilisation on December 19, he stressed the need to strengthen ideological work, public engagement and digital tools to maintain political stability during administrative restructuring and digital transformation.
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IFJ on VN Press Law revisions
The International Federation of Journalists (IFJ) in a press release has come out against amendments to Vietnam’s press law, passed on December 10, that allow the Ministry of Public Security to compel journalists to disclose their sources during criminal investigations and require media outlets to archive all published content, with vague bans on “banned information” taking effect from July 1, 2026.
“The Vietnamese government continues to crack down on critical voices, suppressing communications channels, forcing the disclosure of sources, and criminalising dissent. IFJ calls for these new amendments to be overturned and for the authorities to uphold the right of journalists to report freely and without fear as per Vietnam’s constitution,” the organisation has said.
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MIC tourism HCMC incentives
Nguoi Lao Dong is reporting that Ho Chi Minh City has approved Resolution 62 to support MICE tourism, the first policy of its kind in Vietnam to be legislated at a municipal level.
Eligible organisers bringing groups of at least 100 visitors staying three nights can receive support of up to VND 51 million (about US$1,936).
The package covers venue hire, attraction tickets, cultural performances and local OCOP souvenir gifts to boost destination competitiveness.
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Outstanding credit HCMC / Dong Nai
Dan Tri is reporting that outstanding credit in Ho Chi Minh City and Dong Nai reached VND 5.6 quadrillion, about US$212.6 billion, by end-November 2025, according to the State Bank’s Region 2 office.
The figure represents 30.7 percent of total national credit and marks growth of 12.08 percent compared with the start of the year.
Ed.’s notes: Noted for geographic concentration of debt + accompanying risk.
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Danang IFC members
Dau Tu Kien Thuc is reporting that on Dec 21, 2025, the Da Nang People’s Committee announced 10 inaugural members of the Vietnam International Financial Centre in Da Nang.
The list includes nine financial, fintech and technology firms, with the sole bank being Joint Stock Commercial Bank for Foreign Trade of Vietnam.
City officials said Da Nang has received nearly 70 expressions of interest to join the centre since the National Assembly approved its establishment.
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HCMC IFC members
Vietstock is reporting that on Dec 21, Ho Chi Minh City announced initial members of the Vietnam International Financial Centre, including Nasdaq, Binance, Vietcombank, Military Commercial Joint Stock Bank and TikTok.
Members were grouped across banking and exchanges, digital and crypto assets, infrastructure, and technology, with participants including VinaCapital, VietinBank, Circle, Tether, Viettel and FPT.
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PM on VN key selling points
VnExpress is reporting that on Dec 21, at the launch of the international financial centre, Prime Minister Pham Minh Chinh said Vietnam’s political and macroeconomic stability is the key selling point for foreign investors.
He said Vietnam’s macroeconomic stability is reinforced by political and social stability, steady growth and predictable policy direction amid global volatility.
Ed.’s notes: Noted for government perspective on what foreign investors are looking for. Emphasis on stability is interesting particularly in that stability, according to government seems to equal a lack of change as opposed to foreseeable/predictable change.
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IFC foreign labour regulations
VN Economy is reporting that on Dec 21, the Government issued Decree 325/2025/ND-CP governing labour and employment in the international financial centre in Vietnam.
The decree sets a maximum 10 year term for work permits and confirmations exempting foreign workers from permits in some circumstances, with processing times capped at three working days.
Employers may recruit foreign workers without quota limits and without prior justification or advertising for Vietnamese workers, subject to national security requirements.
Authorities in Ho Chi Minh City and Da Nang are authorised to issue, renew, extend and revoke work permits and related certifications for foreign workers.
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Stock market Friday
the-shiv is reporting that the VN-Index closed at 1,704.31, up 27.33 points or 1.63 percent, with a total trading value of VND 24,140.32 billion or US$916.14 million, and foreign traders net-buying US$19.77 million worth of equities, Friday, according to the latest data from the Ho Chi Minh City Stock Exchange
Exchange rates Friday
the-shiv is reporting that on December 19, in Vietnam, the black market US dollar buy rate was VND 26,900 and the sell rate was VND 27,000, a change of 0 and 50, respectively, for a mid-market rate of VND 26,950 (up 0.09 percent), according to Ty Gia USD.
Meanwhile, the State Bank of Vietnam’s central exchange rate was set at VND 25,148, while the Google Finance mid-market rate stood at VND 26,315.
Exports to India
the-shiv is reporting that in November, Vietnam exported US$788 million worth of goods to India, down 5.74 percent over October, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has exported US$9,349 million worth of goods to India.
Imports from Korea
the-shiv is reporting that in November, Vietnam imported US$5,034.07 million worth of goods from South Korea, up from US$4,908.13 million in October, a change of 2.57 percent, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$54,417 million worth of goods from South Korea.
Oil production
the-shiv is reporting that Vietnam produced 718 thousand tons of crude oil in November, down 0.34 percent from 720.45 thousand tons in October, according to the latest data from the National Statistics Office.
Over the first ten months of the year, output reached 7,470.01 thousand tons.
Phone imports
the-shiv is reporting that Vietnam imported telephones, mobile phones and parts thereof to the tune of US$853 million in November, down from US$1,208 million in October, a change of -29.42 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$10,256 million worth of phones and phone parts by the end of November.
Iron/steel products exports
the-shiv is reporting that Vietnam exported iron and steel products to the tune of US$409 million in November, down from US$456 million in October, a change of -10.31 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$4,998 million worth of iron and steel products by the end of November.
LPG production
the-shiv is reporting that Vietnam produced 70.33 thousand tons of liquefied petroleum gas (LPG) in November, down 3.13 percent from 72.59 thousand tons in October, according to the latest data from the National Statistics Office.
Over the first ten months of the year, output reached 745.65 thousand tons.
Exports to Indonesia
the-shiv is reporting that in November, Vietnam exported US$518 million worth of goods to Indonesia, up 10.24 percent over October, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has exported US$5,256 million worth of goods to Indonesia.
Imports from France
the-shiv is reporting that in November, Vietnam imported US$174.60 million worth of goods from France, up from US$146.34 million in October, a change of 19.31 percent, according to preliminary data from Vietnam’s General Department of Customs.
So far this year, Vietnam has imported US$1,852 million worth of goods from France.
Computer imports
the-shiv is reporting that Vietnam imported computers, electrical products, spare-parts and components thereof to the tune of US$12,907 million in November, down from US$13,100 million in October, a change of -1.47 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$136,167 million worth of computers and electrical products by the end of November.
Fruit/vegetable exports
the-shiv is reporting that Vietnam exported fruits and vegetables to the tune of US$701 million in November, down from US$927 million in October, a change of -24.39 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$7,759 million worth of fruits and vegetables by the end of November.
Natural gas production
the-shiv is reporting that Vietnam produced 521.26 million m 3 of natural gas in November, down 1.71 percent from 530.35 million m 3 in October, according to the latest data from the National Statistics Office.
Over the first ten months of the year, output reached 5,438.95 million m 3.
Friday’s news headlines
In Friday’s headlines: gov’t inspections 2026 plan, revised Construction Law, troubled steelmaker supplier credit reform, retail electricity market ambitions, charging infrastructure Hanoi, HCMC billboard review, Vinamilk divestment, nuclear readiness review, coal imports, Imports from Thailand, stock market Thursday, exchange rates Thursday, exports to Malaysia, wood / wooden products exports, yesterday’s news headlines, and more. Read more…