Vietnam

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Typhoon Kalmaegi Triggers Severe Flooding, Landslides and Mass Rescues in Central Vietnam
Nov. 11, 2025 | Environment

Central Vietnam faced a series of storm-related incidents, including floods and landslides, that caused extensive damage and triggered large-scale rescue efforts.

From October 26 to November 6, central Vietnam endured continuous torrential rains driven by Typhoon Kalmaegi, which swelled rivers, destabilized slopes and inundated critical infrastructure across five provinces.

**In Thừa Thiên–Huế province, floodwaters exceeded warning levels, submerging 32 communes and engulfing the Imperial Citadel.**
Houses, schools, hospitals, roads and power systems sustained heavy damage. Authorities reported 15 fatalities and estimated economic losses at 3.27 trillion VND (approximately USD 132 million).

**Da Nang city remained under water from October 26 to 29, isolating neighborhoods and forcing nearly 16,000 residents to evacuate.**
Flood depths reached 2.5 meters in low-lying wards, while mountainous districts saw multiple landslides that destroyed dozens of homes and severed access roads. In Hội An, flood levels on October 27 surpassed the 1964 record by 12 centimeters, damaging streets and heritage buildings; when waters rose again in early November, officials carried out additional evacuations.

**Quảng Ngãi province experienced heavy rainfall and landslides beginning in late October, which stranded vehicles, demolished roadways and irrigation systems, and flooded over 5,200 households.**
The province recorded at least four deaths, two missing persons and seven injuries, with losses totaling 1.924 trillion VND (USD 77.6 million). Early November impacts from Typhoon Kalmaegi collapsed homes, damaged bridges and roads and destroyed fishing docks, adding 306 billion VND (USD 12.3 million) in damage.

**Gia Lai province suffered the highest financial toll when Typhoon Kalmaegi’s rains and winds killed two people, injured six and destroyed thousands of homes.**
Flooding and storms washed away aquaculture cages and fishing vessels, wiped out crops and livestock, and severely damaged public infrastructure, driving total losses to 5.2 trillion VND (approximately USD 209.7 million).

**In Đắk Lắk province, floodwaters and landslides claimed three lives, damaged countless homes and disrupted farming activities.**
Officials put the province’s total damage at 1.9 trillion VND (USD 76.6 million).

**Authorities mobilized tens of thousands of military and police personnel for mass evacuations, search-and-rescue missions, debris removal and resident support.**
These efforts addressed widespread disruptions to daily life, transportation and power networks, agricultural production losses and harm to cultural heritage sites.
Recent Leadership Changes in Vietnam’s National Assembly and Supreme People’s Court
Nov. 11, 2025 | Governance & Law

Vietnam’s National Assembly recently implemented key leadership appointments in several central agencies.

**On November 7, the Assembly met in a closed session from 8:00 to 11:30 to address personnel changes in central Party and State bodies.**
From 10:00 to 10:15, it aired a live oath-taking ceremony. Delegates approved the relief of Mr. Đỗ Văn Chiến from multiple Party roles and appointed him Permanent Deputy Secretary of the Party Committee of the National Assembly for the 2020–2025 term. At the same time, they named Mr. Nguyễn Văn Quảng Secretary of the Party Committee of the Supreme People’s Court for the 2025–2030 term.

**Mr. Đỗ Văn Chiến, 63, of the Sán Dìu ethnic group from Tuyên Quang, holds a degree in agricultural engineering and serves on the 13th Politburo.**
His career includes Deputy Secretary and Chairman of Tuyên Quang province, Secretary of the Yên Bái Provincial Party Committee, Deputy Minister and then Head of the Committee for Ethnic Affairs, and Chairman of the Central Committee of the Vietnam Fatherland Front. Following a Politburo decision on November 4, 2025, he resigned from the 13th Secretariat and relinquished his Fatherland Front posts to take up his new role in the National Assembly. On November 10, 2025, delegates elected him one of seven Vice Chairmen of the 15th National Assembly under Chairman Trần Thanh Mẫn.

**Mr.**
Nguyễn Văn Quảng, 56, from Hải Phòng, holds a doctorate in law and has built a prosecutorial and Party leadership record as head of the People’s Procuracy in Hải Phòng, head of the High People’s Procuracy in Ho Chi Minh City, Permanent Deputy Chief Inspector of the Government Inspectorate, and Party Committee Secretary in both Ho Chi Minh City and Da Nang. A member of the 13th Central Committee and deputy of the 15th National Assembly, he won his Party Committee post at the Supreme People’s Court by Politburo decision on November 4 and succeeded Mr. Lê Minh Trí as Chief Justice of the Supreme People’s Court.

**Upon assuming the chief justice role, Mr.**
Quảng swore loyalty to the Fatherland, the people, and the Constitution, and vowed to execute his responsibilities to the Party, State, and citizens. He pledged to accelerate judicial reform, build a socialist rule-of-law state, refine the legal framework, and strengthen Party leadership in the court system. He detailed plans to streamline judicial structures, boost operational efficiency, enforce discipline, and train a professional, honest judiciary. He also solicited ongoing support and oversight from the Politburo, Secretariat, General Secretary, Party and State agencies, the National Assembly, and the public.

**Under Mr.**
Quảng’s leadership, the Supreme People’s Court includes four deputy chief justices—Nguyễn Tri Tuệ (Standing), Dương Văn Thắng, Nguyễn Văn Tiến, and Phạm Quốc Hùng. As Vietnam’s highest adjudicating body, the court handles cassation and retrial of final judgments under protest, supervises appellate and lower courts, reviews trial practices, ensures uniform application of law, and develops case law.

Monitored Intelligence for Vietnam - Nov. 12, 2025


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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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Abbott cùng FPT Long Châu triển khai hợp tác chiến lược toàn diện "Nâng cao chăm sóc sức khỏe Việt Nam"

Abbott and FPT Long Châu Launch Comprehensive Strategic Partnership to Enhance Healthcare in Vietnam

Bao Dien Tu | Local Language | News | Nov. 12, 2025 | UndeterminedBizdev-Partnering

Abbott and FPT Long Châu have launched a strategic partnership aimed at addressing the growing challenges of non-communicable diseases (NCDs) in Vietnam. The collaboration focuses on enhancing healthcare access and quality in critical areas such as cardiovascular health, women’s health, diabetes management, and influenza prevention. With over 24 million Vietnamese affected by NCDs and a large percentage undiagnosed or untreated, the partnership aims to alleviate pressure on the country's healthcare system amid rising urbanization and aging populations.

The agreement supports the Vietnamese Government’s Resolution 72 by promoting healthy lifestyles and improving access to healthcare services. Abbott and FPT Long Châu plan to leverage telemedicine, share scientific and educational resources, and build capacity among healthcare professionals. The partnership also includes developing remote consultation platforms and fostering medical knowledge exchange across the Asia-Pacific, while expanding clinical networks and the digital health ecosystem.

Abbott emphasizes its longstanding commitment in Vietnam, where it has operated for more than 30 years, providing diverse healthcare technologies including nutrition, diagnostics, medical devices, and pharmaceuticals. Both companies view this partnership as a significant step toward creating a proactive, accessible, and sustainable healthcare system in Vietnam during a pivotal phase of healthcare transformation.

'Phát triển tốt nhà xã hội là điểm cộng để địa phương thu hút đầu tư'

Good Development of Social Housing Is an Advantage for Localities to Attract Investment

VN Express | Local Language | News | Nov. 12, 2025 | UndeterminedReal Estate

The Central Executive Committee's draft Political Report aims to accelerate social housing and low-cost commercial housing development to meet the needs of urban residents, industrial workers, and disadvantaged groups. Delegate Nguyễn Hoàng Bảo Trân highlighted social housing as a foundation for equity and social stability. Despite significant investment, with over 132,600 social housing units built in the first nine months of 2025, supply remains insufficient in major urban centers where commercial housing prices are prohibitively high.

Challenges in developing social housing include land allocation bottlenecks, slow investment procedures, and limited financial mechanisms. Current regulations, such as reserving 20% of land in commercial projects for social housing, lack effective enforcement. Proposals to overcome these difficulties include proactive state land clearance, preferential land leasing, and infrastructure investment to reduce construction costs. Delegate Hà Sỹ Đồng suggested fast-tracking project approvals and allowing provincial authorities to appoint investors directly to speed up development.

Bac Ninh province's experience shows success through early land reservation and establishing dedicated task forces to expedite social housing projects, alongside implementing a "Green Lane" administrative process that cuts procedure times by up to 60%. Despite these efforts, preferential capital access for social housing remains limited and complicated. Suggestions include more flexible profit margins, mobilizing housing funds, and embracing public-private partnerships. Hà Sỹ Đồng also recommended creating a National Social Housing Development Fund to support financing.

Addressing the perception that social housing is only for the poor, delegates emphasized its role in supporting the young workforce, civil servants, and middle-income earners critical to economic growth. Stable worker housing is seen as essential for attracting and retaining investment, particularly from FDI enterprises, by ensuring labor availability. Expanding diverse housing options like long-term rentals and rent-to-own models, while simplifying policy access and loans, was advocated.

Finally, Delegate Trần Văn Tuấn proposed that the draft document include long-term strategies to develop a healthy real estate market and curtail land hoarding that exacerbates housing scarcity. He recommended extending responsibility for social and low-cost housing development beyond 2030 to 2035, with clear assignment of duties to localities.

Từ vĩ mô ổn định đến động lực đầu tư công: Thị trường chờ tín hiệu đảo chiều

From Macroeconomic Stability to Public Investment Dynamics: The Market Awaits a Reversal Signal

Bao Dien Tu | Local Language | News | Nov. 12, 2025 | UndeterminedEconomic Growth

Global stock markets experienced significant declines last week, with major indices in Asia and the U.S. falling sharply. The Nikkei dropped 4.1%, KOSPI declined 3.7%, and the Nasdaq saw its biggest fall since April at 3%, while the S&P 500 and Dow Jones each dropped over 1%. Technology stocks were particularly affected amid concerns over U.S. economic prospects due to a historic five-week federal government shutdown, which delayed key economic data and increased reliance on less reliable private-sector reports. Forecasts suggested the U.S. nonfarm sector would lose 60,000 jobs in October, with rising unemployment raising fears of growth slowdown.

In Vietnam, the VN-Index fell for the fourth consecutive week, marking the longest losing streak since August 2024. The index closed the first week of November at 1,599.1 points, down 2.5% from the previous week and over 11% lower from its recent peak. Despite broad market weakness, sectors such as food, insurance, and oil & gas saw gains, while retail, public investment, and fisheries faced heavy corrections. Market liquidity decreased by 5.8% from the prior week but remained significantly higher than the same period last year, signaling that cash remained active in the market despite the decline.

Vietnam’s economy maintained solid fundamentals, with nine-month GDP growth at 7.85% and expectations that Q4 growth surpass 8.4% to meet full-year targets. Public investment, however, lagged with only 51.7% of the planned capital disbursed after ten months, leaving over 400,000 billion dong unspent but expected to accelerate. Key national projects are slated to begin in early 2026, which should boost public investment spending and support stock market recovery within the 1,600–1,620 point zone.

The VN-Index’s steep recent decline reflects deeper corrections in sectors like securities, banking, and real estate, despite strong Q3 earnings. Excluding Vingroup, the index fell below 1,400 points, the rally’s starting zone, suggesting a re-accumulation phase fueled by domestic investors seeking value in finance, manufacturing, and export stocks. The 1,600-point level has served as a critical support tested multiple times, with technical indicators such as the MA100 supporting a potential short-term recovery, especially as Q4 earnings reports emerge and fund flows rebalance.

Market liquidity and capitalization in Vietnam have improved significantly, with average daily trading values nearing 30,000 billion dong, up over 42% compared to 2024. As of October 2025, total market capitalization across the HOSE, HNX, and UPCoM exchanges reached over 9.18 million billion dong, a 28% increase year-over-year and nearly 80% of the country’s 2024 GDP. The private sector dominates listed companies and trading activity. Profitability rates among listed firms remain high, with HNX companies reporting 90% profitability and UPCoM firms showing 80%, alongside substantial profit growth compared to the prior year.

Vietnam’s stock market infrastructure has stabilized and advanced, positioning the market for an anticipated upgrade from “frontier” to “secondary emerging” status by September 2026 according to FTSE Russell standards. Regulatory efforts continue focusing on legal framework improvements, corporate governance, investor restructuring, IT investment, enhanced transparency, and administrative reforms aimed at building a modern, efficient, and globally integrated market to attract sustainable capital inflows.

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