Vietnam

Intelligence for Better Decision Making

Key Developments Driving Vietnam’s Innovation-Led Transformation
Oct. 3, 2025 | Technology & Innovation

Vietnam’s innovation sector is advancing through coordinated administrative reforms, talent attraction initiatives, and strategic investments in science and technology.

**Dinh Thanh Huong, CFO France at BNP Paribas and CEO of Knowledge & Projects at AVSE Global, has traveled to nine provinces to support Vietnam’s shift to a two-tier local government model and bolster talent return programs.**
Acting on General Secretary To Lam’s directive, the Ministry of Home Affairs is crafting policies to recruit at least 100 leading expatriate experts and is building a comprehensive intellectual database to optimize human resource strategies. Huong endorses this approach, citing South Korea’s success in luring back overseas specialists to reform its education and science systems. Earlier Vietnamese efforts—decrees and resolutions targeting top graduates and overseas professionals—achieved limited success due to weak legal frameworks, subpar working conditions and quality of life, and a shortage of complex, cutting-edge challenges that senior experts seek.

**AVSE Global, headquartered in Paris, connects more than 300 senior Vietnamese intellectuals across 20 countries and supports over 2,000 experts worldwide.**
Through policy forums, expert networks, training programs, and strategic projects in education, talent strategy, and finance, the organization contributes directly to national development. As Vietnam pivots its growth model toward higher productivity, better labor quality, and greater emphasis on science, technology, and innovation, AVSE Global advises and implements projects aligned with the country’s development priorities.

**In 2023 Vietnam introduced the Provincial Innovation Index (PII), modeled on WIPO’s Global Innovation Index and validated against international standards, making it one of the few countries with a local-level innovation metric.**
The PII evaluates provincial innovation capacity across 52 indicators and promotes competition and peer learning among provinces. In 2025 Hanoi topped the index for the third consecutive year, excelling in 18 indicators; Ho Chi Minh City placed second with robust infrastructure; Quang Ninh climbed to third by leading seven indicators; Hai Phong ranked fourth on industry and logistics strengths; and Hue entered the top five through services, human capital, and R&D. Local governments now rely on PII outcomes to guide policy formulation in support of Vietnam’s socio-economic strategy centered on science, technology, and innovation.

**On October 1, the Vietnam Private Economy Panorama 2025 (ViPEL 2025) brought together more than 20 leading industrial manufacturing companies to accelerate localization and develop supporting industries.**
Geleximco Group Chairman Vũ Văn Tiền called for collective action as a movement. ViPEL’s “20 – 200 – 2,000” model encompasses 20 national strategic projects with dual public-private benefits, 200 local infrastructure and logistics projects, and 2,000 grassroots initiatives for job creation and livelihood improvement. The alliance framework prioritizes public-private co-creation, shared goals, pooled resources, transparency, and joint monitoring. Business leaders urged new policy mechanisms to facilitate domestic-foreign partnerships, adopt green recycling methods aligned with Net Zero objectives, and sustain collaboration through ViPEL’s Executive Council to implement Resolution 68 at national, local, and grassroots levels.

**Vietnam’s venture capital landscape has also evolved.**
ThinkZone, an early-stage tech investor, launched its fourth fund—Global Minds Fund I (GMFI)—to commit up to $1 million to pre-seed through Series A startups in fintech, edtech, AI, SaaS, healthtech, and other priority sectors, with co-investment opportunities for limited partners. Fully backed by Vietnamese investors, GMFI leverages local market insights to support startups’ global ambitions, aligning with government drives to boost innovation investment. In June 2025, ThinkZone acquired a controlling stake in BK Investments JSC, manager of the BK Fund connected to Hanoi University of Science and Technology, and continues to deploy capital from earlier funds, including the $60 million raised in 2022 for its second fund.

**At the National Innovation Festival 2025, FPT CEO Nguyễn Văn Khoa emphasized the role of corporate innovation in national progress, presenting FPT’s ecosystem in cloud computing, AI, cultural digitization, semiconductors, and high-tech training.**
FPT reported nearly 800 billion VND in operating cost savings through more than 5,000 workforce-driven initiatives. Strategic partnerships with Konica Minolta and the National Innovation Center aim to develop AI-based medical imaging diagnostics for healthcare. FPT’s platforms now include FPT Cloud with international certification, multilingual AI agents, cultural preservation technologies, a newly developed PMIC chip, and VR-based semiconductor training. These efforts reflect FPT’s commitment to co-creating public-private value and strengthening Vietnam’s position in the global digital economy.
VN-Index Ends Four-Month Rally as Volatility Rises Ahead of FTSE Upgrade Decision
Oct. 2, 2025 | Financial System

Vietnam’s stock market ended September under pressure as the VN-Index snapped a four-month winning streak.

**At the close of trading before month-end, the VN-Index on the Ho Chi Minh City exchange fluctuated sharply and finished at 1,662 points, down five from its previous reference.**
Foreign investors and proprietary trading desks at securities firms drove intraday volatility through third-quarter net asset value closings. Although the index opened in positive territory, persistent selling of mid- and small-cap stocks kept it below the reference level for most of the session, and decliners outnumbered advancers by roughly three to one.

**Vingroup shares played a major role in supporting the market.**
VIC, VHM and VRE together added over four points to the index, with VRE surging to its ceiling price after one of its subsidiaries reported a third-quarter profit of 4,480 billion dong. In contrast, real estate, steel and banking stocks suffered widespread losses, led by heavy selling pressure on real estate names.

**The securities sector staged a rebound in the afternoon after heavy morning losses.**
SSI spearheaded the recovery with a 2.7 percent gain, while VND, HCM and ORS posted modest increases. Overall liquidity improved to more than 1.14 billion shares traded, lifting turnover to over 32,200 billion dong. SHB recorded the highest trading volume, followed by HPG, CII, SSI and DXG. Foreign investors returned as heavy net sellers, offloading almost 4,300 billion dong of shares, led by KDH, HPG, SSI, DXG and MBB.

**On the final trading day of September 2025, the VN-Index edged down 4.78 points to close at 1,661.7 amid stable but below-average liquidity of 32,227 billion dong on the HoSE floor, compared with a recent average of 40,000–50,000 billion dong.**
Shares linked to Pham Nhat Vuong’s Vingroup group remained the primary support: VIC climbed to a record 174,900 dong, VRE hit its daily price ceiling at 32,100 dong with heavy buy orders, and VHM added over 1 percent. Pham Nhat Vuong’s net worth rose by 1 billion USD to 16.9 billion USD, elevating him to 142nd on the global richest list.

**Conversely, stocks tied to Truong Gia Binh and Tran Dinh Long pressured the index: FPT fell 2.6 percent to 93,000 dong and HPG dropped 1.57 percent to 28,150 dong.**
Real estate names including DXG, KBC, CII, DIG, NLG and NVL also weighed on performance. Foreign investors remained net sellers, unloading nearly 1,300 billion dong, primarily in KDH, HPG, FPT, SSI and VHM, while they added CII, SHB, TCB and LPB.

**Market participants now await the October 8 FTSE Russell announcement on Vietnam’s potential upgrade from frontier to emerging market status.**
Many analysts expect the upgrade, but investors remain cautious amid ongoing anxiety and subdued liquidity. Vietcap Securities estimates that the reclassification could offset foreign net selling and attract an additional 6–8 billion USD in inflows.

Monitored Intelligence for Vietnam - Oct. 3, 2025


News
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94

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5

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1
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0
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4


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Social
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Business
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Phó Thủ tướng Mai Văn Chính kiểm tra công tác phòng, chống mưa lũ tại xã Chiêm Hóa, Tuyên Quang

Deputy Prime Minister Mai Van Chinh inspects flood and rainstorm prevention efforts in Chiem Hoa Commune, Tuyen Quang

Bao Dien Tu | Local Language | News | Oct. 3, 2025 | Extreme Weather Events

Deputy Prime Minister Mai Văn Chính inspected flood and rainstorm prevention efforts in Chiêm Hóa commune, Tuyên Quang province. He engaged with local forces, residents, and teachers, and chaired a working session to discuss the ongoing rain and flood situation caused by the remnants of storm No. 10. Present at the session were provincial leaders, including Party Secretary Hầu A Lềnh, and representatives from central ministries and agencies.

Heavy rainfall of 150–200 mm occurred from September 28-29, causing water levels at key hydrological stations to exceed warning thresholds and floods on the Lô and Gâm Rivers to rise or fluctuate. The province reported four missing persons and two fatalities due to landslides and drowning. Damage included 4,428 houses affected or destroyed, 22 school sites impacted, over 2,200 hectares of crops inundated or damaged, significant losses in aquaculture, and multiple roads blocked or eroded by landslides and flooding.

The Deputy Prime Minister praised Tuyên Quang's decisive response, which involved evacuations and mobilization of troops and police. Despite efforts, five communes and two wards remained isolated. With forecasts suggesting continued complicated weather and possible new storms, Mai Văn Chính emphasized close monitoring, proactive evacuation of high-risk areas, and full implementation of the "four on-site" principle. He instructed the province to continue rescue operations, ensure supplies and medical support for isolated populations, and requested possible helicopter assistance for relief delivery.

He further required contingency plans for abnormal weather and prioritized recovery efforts if conditions improve, including repairing infrastructure, ensuring sanitation, and restoring communications. The province was urged to use local contingency funds for emergency aid and maintain vigilance to protect rescue personnel and communicate risks proactively to residents.

ทั่วไทยฝนลดลงเหลือ 40-60% แต่ 5-6 ต.ค.ลุ้นพายุเข้าเวียดนาม!

Rainfall across Thailand decreases to 40-60%, but 5-6 Oct. eyes on storm entering Vietnam!

Thai Post | Local Language | News | Oct. 3, 2025 | Extreme Weather Events

Rainfall across Thailand is decreasing to 40-60%, but heavy rain remains in some western provinces of the North and Central regions, such as Mae Hong Son, Chiang Mai, Chiang Rai, and Tak. Residents in these areas are advised to be cautious of flooding and flash floods due to heavy and accumulated rainfall. The weather system is influenced by easterly winds over the Northeast, East, and Gulf of Thailand, and a weakened southwest monsoon over the Andaman Sea and Gulf of Thailand. Sea conditions include waves of 1-2 meters, with higher waves in storm areas, and mariners are advised to navigate carefully.

A tropical depression east of the Philippines is forecasted to intensify into a tropical cyclone, named Typhoon Bualoy, moving into the upper South China Sea by 3-4 October and expected to make landfall in northern Vietnam around 5-6 October. Heavy rain and thunderstorms are predicted across various regions of Thailand, with percentages of thunderstorm coverage ranging from 40-60%. Specific provinces across the North, Northeast, Central, East, and South will experience varying degrees of heavy rain and thunderstorms with temperatures ranging between 22 and 34 degrees Celsius.

The Meteorological Department has issued bulletins warning of heavy to very heavy rain in the Northeast and East, and continuous monitoring of Typhoon Bualoy shows it approaching the Vietnamese coast. The department emphasizes ongoing caution in affected areas due to potential flooding and adverse weather conditions over the coming days.

Người dân lắp điện mặt trời phải thông báo EVN, Bộ Công Thương nói rõ lý do

People Installing Solar Power Must Notify EVN, Ministry of Industry and Trade Explains the Reason

Dantri | Local Language | News | Oct. 3, 2025 | Regulation

At the 10th National Farmers' Forum on October 1, Mr. Pham Nguyen Hung, Director of the Electricity Department at the Ministry of Industry and Trade, reiterated the Party and State's commitment to promoting renewable energy development in Vietnam. This includes rooftop solar, wind, biomass, and waste-to-energy projects. The adjusted Power Plan 8 targets that by 2030, 50% of Vietnamese households will install rooftop solar systems for self-generation and self-consumption, allowing farmers to generate clean electricity for personal use and to sell surplus electricity back to the Vietnam Electricity Group (EVN).

Currently, under Decree 58/2025, households are allowed to sell surplus rooftop solar electricity up to 20% of their installed capacity. However, many households wish to sell more surplus electricity, and the Ministry plans to amend this decree to raise the allowable proportion while prioritizing self-consumption, especially in the northern region to reduce pressure on power generation and transmission infrastructure. Mr. Hung also recommended installing storage batteries to address the issue of solar power not being generated during night peak hours (18:00-22:00). The Prime Minister is expected to issue economic and technical support policies encouraging the installation of rooftop solar systems with storage batteries, benefiting farms combining livestock and production.

Regarding the requirement for households to notify or register rooftop solar installations with EVN, Mr. Hung explained that rooftop solar systems differ from typical household appliances as they generate electricity whose production fluctuates based on weather conditions. Registration or notification is necessary to ensure power quality and system stability. Large projects must register, while small-scale systems need to notify the power sector to aid in demand and system management. Additionally, the Ministry has submitted a draft Prime Ministerial Decision proposing support measures including preferential loans for three years from the policy bank and financial support of 2–3 million dong for rooftop solar installation costs, especially when combined with storage batteries.

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