Vietnam

Intelligence for Better Decision Making

Ho Chi Minh City and Dong Nai Launch Battery-Swapping Cabinet Rollout for Green Transportation
Jan. 8, 2026 | Transportation & Logistics

Electric motorbike battery-swapping cabinets will roll out across Ho Chi Minh City and the Dong Nai region under a plan to achieve net zero emissions and boost green transportation.

**As part of its net zero emissions strategy, Ho Chi Minh City approved the installation of battery-swapping cabinets on sidewalks and in public spaces.**
The Department of Construction will develop transparent, non-discriminatory criteria for selecting companies to invest in, install, manage, and operate these cabinets. Officials will publish a list of approved sidewalk locations and assign management responsibilities that cover safety, fire prevention, public order, sanitation, and aesthetics.

**To support this rollout, the City Police, Department of Industry and Trade, Ho Chi Minh City Power Corporation, and local People’s Committees will ensure reliable power supply, supervise installations, and maintain overall system safety.**
Participating companies must refrain from advertising on the equipment, restore sites to their original condition if authorities demand removal, and comply with relocation or removal orders. The city will apply existing municipal regulations when collecting fees for temporary sidewalk and roadway use.

**In line with these requirements, Great Wealth and V-Green have proposed installing approximately 20,000 battery-swapping cabinets, mounting them on streetlight poles or placing them on sidewalks.**
Each cabinet will contain between six and twelve storage trays with six- to twelve-kilowatt capacity, compatible with leading electric scooter brands such as Honda, Yadea, Yamaha, and VinFast. Both firms will self-fund all investment, operation, and maintenance, aim to complete network deployment by the first quarter of 2026, and agree to relocate or dismantle cabinets if required by authorities.

**This initiative addresses a significant infrastructure gap: the city has over 100,000 electric motorcycles but only about 300 fast-charging stations.**
Riders currently charge mainly at home or in apartment buildings, creating fire hazards and disputes over shared facilities. By centralizing charging operations in compliant locations, battery-swapping cabinets will shorten wait times, improve safety, and ease congestion in residential complexes lacking dedicated infrastructure.

**On December 25, stakeholders installed a pilot battery-swapping cabinet on the Quang Trung sidewalk in Gò Vấp ward.**
After testing, the Department of Construction will finalize deployment criteria, define operational roles, and establish safety measures covering electrical protection, fire prevention, security, environmental impact mitigation, and contingency planning. Law enforcement, trade authorities, the electricity corporation, and local governments will continue their support through the installation and operational phases. The city plans to commission additional cabinets in stages, achieving full deployment by early 2026.
Vietnam Achieves Record Growth, Investment, and Fiscal Stability in 2025 Amid Ambitious 2026 Targets
Jan. 8, 2026 | Macroeconomics & Growth

Vietnam’s 2025 economic performance metrics reflect strong revenue gains, controlled inflation, and significant public investment, with ambitious targets set for 2026.

**Vietnam collected approximately 2.65 million billion VND in total state budget revenue for 2025, surpassing estimates by nearly 35 percent and rising 30 percent from 2024.**
Domestic revenue contributed about 86 percent of that total (nearly 2.3 million billion VND), while crude oil revenue reached just over 90 percent of its projection due to declining prices. Import-export activities grew nearly 18 percent, driving a record turnover of USD 930 billion. Authorities spent 2.42 million billion VND, up 31.5 percent year-on-year, and kept the budget deficit at roughly 3.6 percent of GDP—below forecasts—with priorities on wage reform, development investment, and social welfare.

**The government allocated a record 1.15 million billion VND for development investment in 2025, completing 3,345 km of expressways and 1,701 km of coastal roads ahead of schedule.**
It also provided around 290,000 billion VND in tax relief to support businesses and the public. The Ministry of Finance credited improved interagency coordination in tax collection and efforts to widen the tax base for the surge in revenue.

**Vietnam’s import-export turnover rose to USD 930 billion—1.7 times its 2020 level—and generated a trade surplus exceeding USD 20 billion.**
GDP grew about 8 percent in 2025, lifting the five-year average to 6.3 percent, while per capita GDP surpassed USD 5,000, moving the country into the upper-middle-income category. Authorities kept inflation near 3.3 percent, under the 4 percent target. Total social investment reached 4.15 million billion VND (32.3 percent of GDP), up 44.6 percent over the previous five years, and public investment climbed nearly 55 percent to about 3.4 million billion VND. The financial market advanced steadily, with the stock exchange earning secondary emerging status, and government bond issuance reached 371,000 billion VND—74.3 percent of the annual plan—helping reduce the state budget deficit by 9,500 billion VND against its target.

**For 2026 the government targets at least 10 percent economic growth, about 4.5 percent inflation, and maintained macroeconomic stability.**
The Ministry of Finance identified challenges in raising social investment to around 40 percent of GDP to support double-digit growth and in preventing revenue losses in high-risk sectors such as land, real estate, e-commerce, and cross-border trade. It plans to innovate financial policy, strengthen interagency coordination, accelerate digital transformation of budget management, and implement measures to curb revenue leakages.

**Prime Minister Phạm Minh Chính called for fiscal discipline, sustainable public finance, and focused development investment.**
He urged full disbursement of public investment capital and spotlighted major infrastructure projects: the North–South high-speed railway, lines connecting to China, a nuclear power plant, and facilities for underground, maritime, and space resource exploitation. The Ministry of Finance also intends to license enterprises for a pilot crypto-asset market by mid-January 2026 to boost business confidence and investment.

Monitored Intelligence for Vietnam - Jan. 9, 2026


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Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.

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CaraWorld Cam Ranh gia tăng lợi thế từ mô hình đô thị sân bay

CaraWorld Cam Ranh Enhances Advantages from the Airport City Model

Bao Dien Tu | Local Language | News | Jan. 9, 2026 | UndeterminedReal Estate

The Aerotropolis model, demonstrated by global cities like Incheon and Dubai, has proven to be a critical driver of economic growth and urban transformation by leveraging international airports as hubs for investment and visitor flows. In 2023, Incheon International Airport contributed 19.1 billion USD in economic value for South Korea, while Dubai’s airport system added 37.3 billion USD, representing 27% of the emirate’s GDP and creating over 600,000 jobs.

Cam Ranh, Vietnam, benefits from a strategic combination of international airport, seaport, and highway infrastructure, positioning it well to adopt the airport city model. However, it lacked a central attraction to retain visitors until the launch of CaraWorld Cam Ranh. Covering 800 hectares with nearly 5 km of coastline, CaraWorld integrates a high-end ecosystem featuring a golf course, five-star resort, international casino, entertainment venues, wellness centers, and family-friendly attractions. This development aims to make Cam Ranh a vibrant, year-round tourist destination that offers unique experiences encouraging repeated visits and maximizing tourism economic value.

Within CaraWorld, the Sông Town sub-zone is planned as the commercial core due to its prime location near Hong Ngoc Boulevard and direct access to the airport, seaport, and road networks. Sông Town will serve as the first stop for international visitors, transit passengers, and logistics personnel. It features lively shopping and dining streets, supported by a vast entertainment ecosystem that ensures business diversity and steady cash flow. The Townshop units are designed for retail and food and beverage on ground floors, with flexible upper floors for mini hotels or serviced apartments, appealing especially to investors. The Riverpool line in the Ma-rốc sub-area stands out for its dual views of Hong Ngoc Boulevard and a scenic river, ideal for upscale restaurant and retail businesses.

CaraWorld Cam Ranh’s positioning, infrastructure links, and integrated amenities are poised to catalyze a new growth phase in the resort real estate market, capitalizing on increasing air traffic and the momentum in tourism development. Proposals exist to expand Cam Ranh Airport’s capacity significantly, further supporting this growth trajectory.

Business chiefs warn of worst year for the economy in 30 years. Vietnam on track to overtake Thailand

Thai Examiner | English | News | Jan. 9, 2026 | UndeterminedEconomic Growth

Thailand’s economy is projected to experience its weakest growth in 30 years in 2026, with GDP expected to fall to around 1.5%. This slowdown is driven by deep structural issues such as an ageing and declining population, elevated household debt, a strengthening baht, and a declining tourism sector. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) highlights risks including weak competitiveness, regulatory burdens, fragmented data systems, cybercrime, and geopolitical tensions. The appreciation of the baht by 8.2% last year has further pressured exporters by making Thai goods less competitive.

The shift in regional economic power is also notable, with Vietnam anticipated to overtake Thailand as Southeast Asia’s second-largest economy due to its larger, younger population and rapid economic expansion. Vietnam’s ongoing reforms, improved infrastructure, and trade openness position it advantageously against Thailand, which struggles with demographic challenges and stagnant growth. This shift threatens to erode Thailand’s ability to attract foreign direct investment, with experts urging Thailand to diversify by expanding its service sector, including healthcare, tourism, and retail.

The economic outlook remains fragile amid external shocks such as higher US tariffs and geopolitical risks, including border tensions and lack of a US trade agreement. Household debt stood at a high 86.8% of GDP in mid-2025, limiting credit growth and consumer spending. Banks expect 2026 to remain challenging yet plan targeted lending in sectors like corporate, mortgage, and auto loans, focusing on asset quality and supporting debt resolution schemes. Both commercial banks and the central bank support structural reforms to boost competitiveness and investment, although inflation remains subdued and economic momentum weak.

Despite these challenges, reform efforts continue, with calls for stronger fiscal discipline, improved cooperation between government and the private sector, and enhanced integration of the informal economy. Thailand’s leadership acknowledges the urgent need for economic restructuring to avoid prolonged underperformance. Without comprehensive adjustments, the country risks falling further behind regional competitors, but with effective reforms, stabilization and recovery remain possible.

Tăng hạn mức giao dịch Mobile Money lên 100 triệu mỗi tháng

Increase the Mobile Money Transaction Limit to 100 Million VND per Month

VN Express | Local Language | News | Jan. 9, 2026 | UndeterminedFinancial System Problems

The government has issued Decree 368 on mobile money services, allowing customers to open one mobile money account per service provider. Customers can deposit cash, receive money from various payment methods, withdraw cash, transfer funds, and pay for goods, services, public fees, and electronic tolls using the account.

The decree raises the monthly transaction limit for transfers and payments through one mobile money account to VND 100 million, which is 10 times higher than the previous limit. Additionally, customers can use an extra limit of up to VND 100 million per month specifically for paying public services, utilities, telecommunications, transportation, tuition, hospital fees, insurance, and bank debts.

Mobile Money was initiated by the Ministry of Information and Communications, now overseen by the Ministry of Science and Technology, to encourage cashless payments. Unlike e-wallets, Mobile Money accounts are linked directly to mobile subscriptions. The service was piloted from late 2021 and extended through the end of 2025 with State Bank licensing.

As of September 2025, there have been over 290 million Mobile Money transactions totaling approximately VND 8.511 billion. Nationwide, about 10.89 million Mobile Money accounts are registered, with 70% of users located in rural and remote areas.

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