Vietnam

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Vietnam Launches Comprehensive Overhaul of Standards and Quality Management
Oct. 20, 2025 | Governance & Law

Vietnam has launched sweeping administrative reforms to streamline technical standards and product quality management.

**Prime Minister Pham Minh Chinh directed ministries to overhaul national standards, technical regulations, and quality management processes, aiming to cut administrative burdens and boost transparency.**
He ordered the elimination of unnecessary technical barriers and “sub-licenses,” the reduction of procedural steps, and the decentralization of authority across relevant ministries. He also called for fast-tracking a publicly accessible, interoperable national database on standards, metrology, and quality to simplify inspections, accelerate certifications, and curb corruption.

**The Ministry of Science and Technology has submitted draft laws on standards and technical regulations, and on product and goods quality, to the National Assembly.**
These proposals would unify the legal framework, resolve overlapping conformity assessments, and replace a pre-inspection model with a risk-based post-inspection approach. By simplifying administrative procedures and leveraging digital transparency, the drafts intend to save businesses both time and costs.

**To support these reforms, the government will review and categorize all 824 national technical regulations by product risk level.**
Authorities will amend, abolish, or consolidate outdated or inappropriate provisions, enable enterprises to make self-declarations against clear standards, and shift the focus toward post-market inspections. Where suitable, the system will recognize international standards such as ISO 22000, GMP, and HACCP.

**Ministries of Construction; Industry and Trade; Health; Finance; Agriculture and Rural Development; and Environment must collaborate on drafting standards and quality regulations.**
They are to submit a decree guiding implementation of the new laws and coordinate amendments to sectoral legislation by the fourth quarter of 2025. In doing so, each ministry must ensure legal consistency, maintain transparency, and prevent unjustified barriers to business and citizen activities.

**In critical sectors like food safety and biomedicines, the government will preserve stringent controls to protect public health while streamlining procedures, decentralizing authority, and mobilizing social resources.**
It will strengthen enforcement capacity and impose strict penalties for noncompliance to guarantee product safety without imposing unnecessary rigidity on administrative processes.
Inspection Uncovers Misuse of Bond Proceeds at Major Vietnamese Banks
Oct. 20, 2025 | Financial System

Vietnam’s Government Inspectorate reviewed private corporate bond issuances and fund usage at five commercial banks from January 1, 2015, to June 30, 2023.

**The review covered 67 issuing organizations and examined how well banks adhered to issuance plans and disclosure requirements.**
Military Commercial Joint Stock Bank (MB), Asia Commercial Bank (ACB), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Vietnam International Commercial Joint Stock Bank (VIB), and Orient Commercial Joint Stock Bank (OCB) issued a combined 255.107 trillion VND in bonds. They deployed these funds primarily for unsecured customer lending. Inspectors analyzed 386 bond codes with tenors of one to ten years and either fixed or floating interest rates. Banks issued the bonds to boost capital, supplement Tier 2 capital, and support customer credit granting. By June 30, 2023, 173 bond codes remained outstanding, with a total value of 97.828 trillion VND.

**Inspectors found that three of the five banks diverted bond proceeds to uses not aligned with their issuance plans and disclosure documents.**
ACB issued two tranches in December 2018 and December 2019, earmarking proceeds for medium- and long-term lending, but allocated part of those funds to short-term loans. ACB explained that it had combined short-term loans with medium- and long-term figures in its reports, then launched a review and remediation process under Inspectorate regulations. By September 24, 2025, the bank had corrected its bond issuance plans, updated disclosure documents, and filed a detailed implementation report.

**In addition to regulatory corrections, ACB strengthened its information-disclosure process to ensure accuracy and timeliness.**
It improved fund management for subsidiary transactions, reinforced controls to guarantee full and timely principal and interest payments, legally registered secured transactions with guarantors, and identified individuals responsible for prior violations for appropriate handling. The bank reports that it has fully implemented these measures and established ongoing controls, compliance monitoring, and timely reporting for future bond issuances and fund usage.

**Another inspected bank cited difficulties in distinguishing loan maturities when pooling funds and urged the State Bank to adjust related policies.**
The Inspectorate concluded that three of the five banks misused bond proceeds, calling for sustained oversight of private corporate bond issuance, strict adherence to disclosed fund-allocation plans, and rigorous information disclosure standards.

Monitored Intelligence for Vietnam - Oct. 20, 2025


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Kế hoạch thu phí khí thải tàu biển đổ bể vì ông Trump

The ship emission fee plan collapses because of Mr. Trump

VN Express | Local Language | News | Oct. 20, 2025 | Regulation

On October 17, the International Maritime Organization (IMO) failed to approve regulations establishing a global carbon fee for ships, a plan initially supported by major maritime nations earlier in 2025. The fee, which could have reached up to $480 per ton of carbon emissions, was expected to be formally adopted at the IMO's London meeting but was postponed indefinitely after the Trump administration pressured countries to oppose it. The U.S. threatened to ban ships from U.S. ports and restrict visas for UN members that supported the fee. Donald Trump publicly urged countries to vote against the measure, calling it a "global green scam tax," with Saudi Arabia and several other nations also opposing the plan.

IMO delegates decided to delay the decision for a year, citing geopolitical tensions as a significant impediment to progress. U.S. Secretary of State Marco Rubio praised the outcome as a victory against what he described as a UN tax on American consumers. Conversely, Vanuatu's Minister for Climate Change criticized the IMO’s failure as a lack of decisive action against climate change and pledged to continue advocacy for stronger measures. Experts note that Trump's stance on climate change—he called it a "hoax" at the UN General Assembly in September—is clearly influencing global climate policy and causing some governments to prioritize political compromise over climate justice.

Shipping emissions, which have risen over the past decade and now represent about 3% of global emissions, largely come from the burning of heavy fuel oil by ships with service lives of approximately 25 years. The IMO aims for the shipping sector to reach net-zero emissions by 2050 through a "Net-Zero Framework" that includes fuel standards and emission reductions. The proposed carbon fee would have been part of this effort, charging ships for emissions exceeding set limits. The delay in approving the fee leaves the industry uncertain about its future regulatory environment, though there remains an expressed desire to reduce shipping emissions despite U.S. opposition.

Farmers in distress as pigs culled, big livestock firms report huge profits

Vietnam Net - E | English | News | Oct. 20, 2025 | UndeterminedSupply Chain Issues

In the first nine months of 2025, Vietnam’s livestock production saw mixed results with live meat output slightly below target at 6.44 million tons, while poultry egg and fresh cow milk production increased by 4.9 percent and 5.8 percent respectively. Livestock imports surged by 18.6 percent to $3.3 billion, driven mainly by a 28.9 percent increase in meat and meat by-product imports. Vietnamese imports included significant quantities of pork, buffalo, beef, and poultry meat, with imported pork prices notably lower than domestic prices, making imported meat more attractive to institutional buyers.

The resurgence of African Swine Fever (ASF) heavily impacted small-scale farms in 34 provinces, leading to the culling of over 1 million pigs, reduced pig prices, and heightened losses for farmers who faced rising production costs. Despite this, large livestock companies in Vietnam’s $35 billion industry reported substantial profit growth. Dabaco Group JSC announced a third-quarter profit of VND342 billion and a nine-month profit over VND1,357 billion, significantly exceeding previous years and projections. Hoa Phat Agriculture Development JSC and BAF Vietnam Agriculture JSC also reported strong profits, with each marking double-digit percentage increases compared to 2024.

Major livestock firms continued investing heavily in expanding high-tech farming capacity to increase production. BAF launched a VND2,000 billion pig farm project in Quang Tri province, aiming to raise 15,000 sows and 450,000 fattening pigs annually. Dabaco broke ground on several projects including animal feed mills and high-tech pig farms across multiple provinces, with further investments planned for late 2025 and early 2026. By the end of 2024, the national pig population reached 32 million head, the highest in five years, with pork accounting for 62.6 percent of total meat production in Vietnam, a share significantly above the global average.

Bão Fengshen và không khí lạnh sẽ gây mưa lớn cho miền Trung

Typhoon Fengshen and cold air will cause heavy rain in the Central Region

VN Express | Local Language | News | Oct. 20, 2025 | Extreme Weather Events

As of 13:00 on October 19, Typhoon Fengshen is located east of the central Philippines with maximum winds of 74 km/h, moving west-northwest at 20 km/h. It is expected to move past Luzon with increasing winds, reaching the South China Sea by October 20 where its intensity will peak around wind levels 9-10 with gusts up to level 13. The storm is forecasted to affect the northern South China Sea, including the Hoang Sa archipelago, with strong winds and high waves, posing significant risks to vessels in the area.

The typhoon is predicted to weaken before making landfall but will still bring heavy rain to Vietnam's Central region. The presence of cold air interacting with the storm is expected to influence its path, making westward movement into northern Vietnam or China unlikely. The cold air will infiltrate the storm near the Hoang Sa archipelago, potentially weakening Fengshen to a tropical depression before reaching the mainland. Despite weakening, the combined effects of the typhoon and cold air will cause strong winds and waves across the northern and central South China Sea, the Gulf of Tonkin, and coastal areas from Quang Tri to Quang Ngai.

Heavy rain from the interaction of the typhoon and cold air is expected between October 23 and 26 along the Central region, especially from Ha Tinh to Quang Ngai. Multiple scenarios are possible depending on the timing of the cold air's arrival relative to the storm, affecting rainfall intensity. Detailed rainfall estimates have not yet been issued due to the storm's distance.

From the start of 2025 until now, the South China Sea has experienced 11 storms and 4 tropical depressions, with several storms causing heavy flooding and damage in northern and central Vietnam. Natural disasters this year have resulted in 241 deaths or missing persons, 389 injuries, extensive damage to housing, agriculture, and livestock, and economic losses exceeding 53,800 billion dong. An additional three storm events are forecasted in the South China Sea through the end of the year, with 1-2 potentially impacting mainland Vietnam.

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