Disaster-caused losses in late October and early November estimated at over VND30 trillion ($1.14 billion), reducing economic growth by approximately 0.2–0.4%.

Prime Minister Pham Minh Chinh has requested relevant ministries, agencies and localities to promptly take measures to restore production and business activities, and support people in disaster-affected localities to overcome the consequences.

He made the instruction while chairing an online conference on November 13 with leaders from seven provinces and cities in the central region to discuss recovery efforts. 

He urged local authorities to prioritize the reconstruction of homes, restoration of livelihoods, and rebuilding of critical infrastructure such as hospitals, schools, and communication systems. 

Efforts are underway to restore production and ensure the continuity of supply chains, particularly in agriculture. The Government is working with financial institutions to implement tax, credit, and insurance support policies to aid recovery. The PM stressed the importance of maintaining market stability and preventing price hikes or shortages of essential goods.

In late October and early November, localities from Ha Tinh to Dak Lak were continuously hit by storms and floods, particularly the prolonged historic flooding in Hue and Da Nang cities following Typhoon Fengshen and Typhoon Kalmaegi, the 12th and 13th storms in the East Sea (internationally known as the South China Sea) this year.

This wave of natural disasters was extremely severe, with preliminary estimates indicating losses exceeding VND30 trillion ($1.14 billion), reducing economic growth by approximately 0.2–0.4%.

VnEconomy-Lý Hà

The trade turnover between HCM City and the Netherlands in the first half of 2025 reaching $2.4 billion.

Ho Chi Minh City wishes to enhance cooperation with the Netherlands in the fields green ports, smart airports, and digital logistics centers, according to Vice Chairman of the municipal People's Committee Bui Xuan Cuong.

Addressing a seminar titled "Sustainable Development of Seaports and Airports", held in HCM City by the Consulate General of the Netherlands on November 12, Mr. Cuong noted that the city is a leading locality in the country in terms of cooperation with the Netherlands.

The trade turnover between HCM City and the Netherlands in the first half of 2025 reached $2.4 billion, with the Netherlands being the largest EU investor in the city, with total registered investment capital estimated at nearly $5.5 billion.

The city is committed to continuing to create a transparent and favorable investment environment, promoting digital transformation and green growth, while expanding public-private partnerships (PPP) to attract investment in the city's port, aviation, and logistics infrastructure, he said.

Dutch Minister for Foreign Trade and Development, Ms. Aukje de Vries, stated that the seminar aimed to share ideas, learn from each other, and find new directions to enhance logistics and trade cooperation between the two countries.

The minister pledged that the Netherlands, with its leading expertise in smart ports, digital logistics, and green aviation, is ready to accompany Vietnam. When Dutch expertise combines with Vietnam's dynamic spirit, the two sides can build a sustainable supply chain and modern logistics, moving towards a smarter and greener direction, she said.

VnEconomy-Thanh Thủy

There are around 6,323 unsold apartments and 12,327 unsold detached houses nationwide.

The real estate market has been kept stable with improvement in housing supply but  inventory of apartments and detached houses increased across the country, according to a recent report from the Ministry of Construction.3There are currently 3,297 housing and urban area projects nationwide, encompassing 5.9 million units with a total investment of VND7.42 trillion (nearly $281.56 million).

Of the total, the commercial housing and urban area segment comprises 2,358 projects with a scale of 5.2 million units and a total investment of VND6.74 trillion (nearly $256 million). This includes 564 completed projects, 1,429 ongoing projects, and 365 projects that have received investment approval.

The social housing sector consists of 697 projects, totaling 645,000 units with an investment of VND590.9 billion (more than $22.4 million). 

In terms of transaction prices, the Ministry of Construction noted that in recent years, the prices of housing, land plots, and various real estate types have shown an upward trend annually. Notably, the prices of apartments, townhouses, villas, and land plots for residential construction have seen the highest increases, averaging 10-15% per year, with some periods experiencing up to a 30% rise. This price surge significantly outpaces the average income growth, making it increasingly difficult for individuals to access housing and land.

The rising housing prices have contributed to a significant increase in the inventory of certain housing segments. Specifically, reports from 22 out of the total 34 cities and provinces to the Ministry of Construction indicated that the inventory of apartments and detached houses in the third quarter was equal to 137% compared to the second quarter of 2025. This includes 6,323 unsold apartments and 12,327 unsold detached houses.

In contrast, the inventory of land plots has decreased, with only 8,067 plots remaining, equivalent to 68.8% compared to the previous quarter.

VnEconomy-Phan Nam

Before joining the ILO, she worked at South Korea's Ministry of Employment and Labor since 2011.

The International Labour Organization (ILO) office in Vietnam has announced that Ms. Sinwon Park will officially begin her term as the new Director in Hanoi in November 2025.

With extensive experience in labor policy and social welfare, Ms. Park is committed to advancing the ILO's Decent Work Agenda. Before joining the ILO, she worked at South Korea's Ministry of Employment and Labor since 2011, where she led significant initiatives such as public employment services for vulnerable workers, the development of employment insurance systems, vocational training programs, and enhancing corporate responsibility in compliance with safety and labor hygiene regulations.

Ms. Park expressed her honor in taking on this role, especially as Vietnam enters a new phase of socio-economic development with high aspirations.

She looks forward to closely collaborating with the government, labor organizations, and employers to strengthen cooperation and support Vietnam's continuous efforts in promoting decent work for all.

Park holds a Master's degree in Public Policy from the University of Bristol (UK) and a Master's in Public Administration from Sungkyunkwan University (South Korea).

Vneconomy-Thu Hằng

Domestic assembly increasing 2%, while imports jumping 18%.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 37,910 cars in October, soaring 24% from September but down 2% year-on-year.

Of the total, 27,246 were passenger cars, up 33% from the previous month. Commercial vehicles reached 10,162 units (up 6.6%), while special-purpose vehicles fell 15% to 502 units.

Sales of locally assembled vehicles rose 19% to 17,129, and completely built-up (CBU) imports surged 28% to 20,781. SUVs, sedans, and MPVs remained the most popular segments, reflecting urban mobility needs.

The October sales bring the total number of cars sold in the first ten months of the year to 289,331 units, a year-on-year increase of 9.5%. Domestic assembly increased 2%, while imports jumped 18%.

VnEconomy-Hoàng Lâm