Pham Nhat Vuong loses $1.9 billion in one day amid stock crash
However, a few stocks remained in positive territory, including Hoa Phat (HPG), LPBank (LPB), Sacombank (STB), Vietcombank (VCB), TPBank (TPB), and Vinamilk (VNM), helping to partially offset the overall decline. According to Forbes, Pham Nhat Vuong’s net worth dropped from $30 billion on December 23 to $28.1 billion by the end of December 25-a loss of $1.9 billion. Just days earlier, on December 19, Vingroup had been buoyed by the simultaneous groundbreaking of 11 major projects across Vietnam. Vingroup was also assigned to develop key transportation infrastructure, including the Ben Thanh–Can Gio and Hanoi–Quang Ninh high-speed railways. On the other side of the market, Sacombank (STB) and LPBank (LPB) both saw gains.
Source:VietNamNet News
December 26, 2025 05:06 UTC
Police bust large-scale fake gas production ring in Ho Chi Minh City
The four suspects involved in the counterfeit gas operation. Counterfeit gas cylinders bearing fake trademarks seized by authorities. Source: Police photo (CACC)Fake gas sold up to 50% cheaperTo gain illegal profits, the group sold fake gas cylinders at prices 30–50% lower than genuine branded products. Thousands of counterfeit cylinders and tools seizedDuring searches, police confiscated large quantities of counterfeit gas cylinders, thousands of empty tanks awaiting refilling, fake labels and seals, refilling machinery, and heat tools used in the production process. The Ho Chi Minh City Police Department continues to investigate the broader network, focusing on financial transactions and distribution routes that supported the illegal gas operation.
Source:VietNamNet News
December 26, 2025 01:46 UTC
Breakfast @ Tuoi Tre News — December 26
A farmer carries flowers from a field at Sa Dec Flower Village in Dong Thap Province, southern Vietnam, for delivery to customers, December 25, 2025. -- MIK Group said it has asked Hanoi authorities to withdraw from an investor consortium developing the Red River landscape boulevard in central Hanoi under a public-private partnership scheme. -- Local authorities in Binh Hung Commune, Ho Chi Minh City said on Thursday they would intensify waste collection, review surveillance cameras and impose fines after household garbage was found dumped around the foot of Ong Be Bridge and along Nguyen Van Linh Street. -- Exposure to secondhand tobacco smoke in hotels in Vietnam fell by 14.6 percent in 2024 from 2020 levels, according to the results of an adult tobacco survey. -- Lung Cu in Vietnam’s Tuyen Quang Province will hold its first wild Himalayan cherry blossom festival from January 2 to 4, 2026, an event expected to draw 3,000 to 5,000 visitors, local authorities said.
Source:Tuoitre News
December 26, 2025 01:33 UTC
Hanoi tourism booms with record international arrivals in 2025
According to the Hanoi Department of Tourism, the capital expects to welcome over 33.7 million visitors in 2025, an increase of 20.8% compared with 2024. This includes 7.82 million international visitors, up 22.8%, and 25.9 million domestic visitors, up 20.3% year-on-year. A new wave of international visitorsIn recent years, Hanoi has witnessed a significant shift in its international visitor profile. Repositioning Hanoi’s tourism brandAccording to Nguyen Quy Phuong, Head of Tourism Promotion at the Vietnam National Administration of Tourism, rebranding Hanoi’s tourism image has become an urgent priority. Such linkages could increase the average stay of international tourists from 2.8 days to 4–6 days, generating greater economic impact while enhancing the capital’s visibility in international markets.
Source:VietNamNet News
December 26, 2025 01:05 UTC
Vietnamese football enjoys a golden year of victories in 2025
Credit: S.NVietnamese football achieved an impressive string of victories in 2025, winning multiple championships and gold medals across all levels - marking one of its most remarkable years to date. Three Southeast Asian championships in one yearAt the very beginning of 2025, the Vietnam national team captured the ASEAN Cup title after an emotional victory against host Thailand. According to the Vietnam Football Federation (VFF), 2025 was considered a pivotal transitional year, laying a strong foundation for restructuring and preparing the national team for its next development phase. Seven national teams qualify for Asian finalsUnder the VFF’s strategic direction and targeted investment, Vietnam achieved a milestone by having seven national teams qualify for continental finals during 2025–2026. Beyond men’s football, both the men’s and women’s futsal teams, along with the Vietnam women’s national football team, also made their mark in 2025.
Source:VietNamNet News
December 26, 2025 00:05 UTC
Apple retires 14 products in 2025 to make way for the next generation
The iPhone 16 Pro and 16 Pro Max were among the devices Apple discontinued in 2025. Most notably, the iPhone 16 Pro and iPhone 16 Pro Max - last year’s flagships boasting 6.9-inch displays, high-capacity batteries, and A18 Pro chips - have been pulled from shelves. Apple Watch: full refresh across all tiersThe Apple Watch family also saw a sweeping update. The Apple Watch SE (2nd gen) was succeeded by the SE 3, while the Apple Watch Ultra 2 was discontinued in favor of the Ultra 3. Accessories: AirPods Pro 2 bows outIn the accessories segment, Apple said goodbye to the AirPods Pro 2 as it launched the AirPods Pro 3 in September.
Source:VietNamNet News
December 25, 2025 23:05 UTC
Vietnam intervenes as 500 tea containers stuck at Karachi Port
Nearly 500 containers of Vietnamese tea are stuck at Karachi Port, threatening farmers' livelihoods. According to the Foreign Market Development Department, the Ministry took swift action following an urgent petition from the Vietnam Tea Association and affected businesses. Most of the Vietnamese tea shipments were contracted for export to Afghanistan through Karachi Port, relying on Pakistan as a transit hub. As of the latest update from Pakistan, Karachi Port is reportedly jammed with around 11,000 containers destined for Afghanistan, along with 25,000 import containers and 15,000 export containers awaiting clearance. Exporters have been urged to work closely with the Tea Association and the Vietnam Trade Office, providing complete documentation for their shipments.
Source:VietNamNet News
December 25, 2025 17:49 UTC
Vingroup exits high-speed rail project, VN-Index loses nearly 40 points
Heavy selling hit nearly all large-cap stocks, including the entire Vin group: VIC, VHM, VRE, and Vinpearl (VPL). “Vin” stocks hit floor, liquidity surgesAll three major Vin stocks - VIC, VHM, and VRE - hit their floor prices with no buy orders remaining. USD 1.05 billion) on the Ho Chi Minh City Stock Exchange (HoSE) and nearly 1.6 trillion VND (USD 64 million) on HNX. Recently, VIC shares even reached 170,000 VND post-split (equivalent to about 340,000 VND pre-split), buoyed by a string of large-scale project launches. Vingroup’s recently issued 3.9 billion VIC shares are scheduled to reach investors’ accounts on the final trading day of 2025.
Source:VietNamNet News
December 25, 2025 17:39 UTC
Vietnam’s golden girl of Vovinam: 18 and unstoppable
Born in 2007 in Dong Nai and belonging to the S’tieng ethnic group, Lai brought home gold medals from the National Strong Teams Vovinam Championship in April and the National Vovinam Championship in September. Her triumphant year culminated in November when she won gold at the World Vovinam Championship in Indonesia. Photo: NVCCStarting with local clubs, Lai’s talent soon caught the attention of Master Huynh Minh Hai, then head coach of the Binh Phuoc Vovinam team. In 2022, she claimed her first national youth gold medal, marking the start of an unbeaten streak. What matters most is discipline, determination, and gratitude along the way.”The young S’tieng girl hopes her story can inspire ethnic minority youth to believe that dreams, effort, and opportunity make success possible.
Source:VietNamNet News
December 25, 2025 12:12 UTC
700 years of legacy: The village where puppets never stop dancing
For generations, the Nguyen village in Dong Hung commune, Hung Yen province has been one of the cultural cradles of Vietnam’s traditional water puppetry. In the past, the village boasted several different puppetry troupes, which later merged into what is now known as the Nguyen Xa Water Puppetry Guild. People’s Artist Nguyen Dinh Bay, head of Nguyen Xa guild, explains the history of the troupe. Nguyen Dinh Bay, People’s Artist and head of the Nguyen Xa puppetry guild, shared that the troupe has a history dating back approximately 700 years. As the strings tighten and release, they create elegant, expressive patterns that only Nguyen Xa artists can execute.
Source:VietNamNet News
December 25, 2025 10:07 UTC
Vingroup withdraws bid for Vietnam North–South high-speed rail project
An illustration of a high-speed railway project is shown in an undated handout image. Those include a proposed Olympic sports urban complex in Hanoi covering more than 9,000 hectares, as well as major transport links such as the Ben Thanh–Can Gio and Hanoi–Quang Ninh high-speed rail lines. Vingroup is also pursuing large-scale industrial and energy ventures, including steel production, wind power, and an LNG power plant. The firm added that its withdrawal would not affect progress on the North–South high-speed rail project, which has attracted interest from other domestic investors with relevant experience. VinSpeed, a Vingroup-affiliated infrastructure developer, previously estimated the North–South high-speed rail project to cost about VND1.562 quadrillion ($60.2 billion), excluding land clearance and resettlement.
Source:Tuoitre News
December 25, 2025 09:29 UTC
Farewell to Peter and Cora Weiss, devoted American friends of Vietnam
In September 2024 in the United States, General Secretary and President To Lam presented the Friendship Order to several individuals, including Cora Weiss, for their significant contributions to fostering Vietnam–U.S. Peter Weiss, born in 1925, and Cora Weiss, born in 1934, were unwavering American allies of Vietnam for many decades. Cora Weiss was among the most prominent leaders of the American anti-war movement. Even in their 90s, Cora and Peter Weiss attended a meeting between General Secretary and President To Lam and American friends on the sidelines of the 79th United Nations General Assembly in September 2024. During that occasion, Cora Weiss was honored to receive the Friendship Order from General Secretary and President To Lam.
Source:VietNamNet News
December 25, 2025 08:01 UTC
Dropped university exam groups leave students in limbo
My strengths are Literature, History, and Geography, while English is only average,” Chau said. Due to the tight timeline, Duy quickly changed course, deciding to study Math to switch to C03 (Literature, Math, History) to apply to the Border Guard Academy. She will also continue studying Literature, History, and Geography to apply for majors that still accept this combination. The school will also not use C03 (Math, Literature, History), C04 (Math, Literature, Geography), or X78 (Literature, English, Economic and Legal Education). Meanwhile, the University of Engineering and Technology under Vietnam National University Hanoi plans to remove D01 (Math, Literature, English), B00 (Math, Chemistry, Biology), and X26 (Math, English, Informatics) when evaluating students based on national high-school exam scores.
Source:VietNamNet News
December 25, 2025 07:22 UTC
Ho Chi Minh City proposes constructing Vietnam’s first dedicated trauma hospital worth $160mn
Corridors at the existing Ho Chi Minh City Hospital for Traumatology and Orthopedics are often overcrowded due to the high number of patients. The municipal administration said the primary goal is to establish Vietnam’s first dedicated Trauma Hospital equipped with modern infrastructure and advanced medical technology. The facility would serve residents of Ho Chi Minh City and neighboring provinces while significantly reducing pressure on overcrowded inner-city hospitals. Narrow walkways at the current Ho Chi Minh City Hospital for Traumatology and Orthopedics force people to stand aside whenever patient beds are moved through. Under the proposed timeline, construction of the Trauma Hospital would take place between 2026 and 2030.
Source:Tuoitre News
December 25, 2025 06:34 UTC
Dinh Bac challenges senior stars in Vietnam Golden Ball 2025 race
Nguyen Dinh Bac has reached the final round of voting for the Vietnam Golden Ball 2025, competing against seasoned stars Hoang Duc, Tien Linh, and Quang Hai. As a key player under coach Kim Sang Sik, Dinh Bac helped Vietnam’s U23 team win both the Southeast Asian U23 Championship and the SEA Games 33 gold medal. Traditionally, Vietnam’s highest football awards favor players who make the strongest impression at national team level, where competition, pressure, and influence are at their peak. Even so, Dinh Bac still has a genuine shot at glory. That precedent leaves the door open for Dinh Bac.
Source:VietNamNet News
December 25, 2025 06:31 UTC