Haus redefines modern living in Vietnam through global partnerships, wellness design, and a deep respect for local heritage.

Launched during a period of rapid expansion in Vietnam’s real estate market, Haus made its debut with the Haus Da Lat project. From the outset, the company set its sights beyond conventional property development. Every site chosen by Haus is envisioned as a canvas for artistry, where legendary minds and skilled hands come together to create enduring legacies for future generations.

Mr. Andy Khoo, Chief Executive Officer of the Singapore-based investment firm Terne Holdings and Brand Director of Haus, shared his vision for the brand: “Haus is deeply committed to this market. Every product we unveil is not merely functional; it is a statement of intent, a demonstration that Vietnam is capable of delivering landmark developments that command global recognition and deserve a place on the world map.”

A revolution in living experience

Mr. Andy Khoo, CEO of Terne Holdings and Brand Director of Haus

Haus emerged during a pivotal moment in Vietnam’s real estate boom. As the CEO of a Singaporean investment firm and the Brand Director of Haus, what gave you confidence in the brand’s success in this market?

When we entered Vietnam’s real estate landscape, we fully recognized the weight of responsibility that comes with being entrusted with our clients’ hard-earned savings. As you know, for many Vietnamese families, a home is not just a financial asset, it represents a lifelong aspiration. Our mission is to honor that trust by delivering genuine value and a living environment truly worthy of the people who inhabit it.

Each Haus development is guided by a well-defined strategy that places human values at its core. Our goal is to create lasting value not only for future residents but also for the surrounding communities. In every project, we bring together an exceptional network of strategic partners, including world-renowned architects, visionary designers, and globally respected operators—individuals whose experience, insight, and creativity elevate every aspect of the living experience.

Mr. Andy Khoo outlines Haus’ ESG vision in Vietnam  

What are the distinct differences that residents of Haus can expect to experience?

Haus is committed to redefining living standards. We believe that true care begins with attention to the smallest details, issues that may seem minor yet have long compromised the quality of life in many existing residences.

These include air pollution, inadequate filtration systems, non-potable tap water, unpleasant odors from waste or drainage, fire hazards, water leakage, structural cracks, and disruptive noise from adjacent units.

By leveraging advanced technology, we are transforming the residential experience. Every Haus development is equipped with a comprehensive air purification system, fire-resistant materials for walls and doors, enhanced waterproofing and structural integrity, and an environment free from waste odors, drainage smells, and intrusive noise.

Our living spaces are designed to exist in harmony with nature, guided by a human-centered philosophy. Each home is thoughtfully crafted with global expertise and heartfelt dedication.

At Haus, every project serves not only as a place to live, but as a declaration of what Vietnam can achieve. These are not simply buildings, they are internationally recognized landmarks that reflect a new standard of excellence.

Mr. Andy Khoo at an event in Da Lat             

Surely, though, that alone cannot be enough to place Vietnamese real estate on the global map?

Haus brings together leading experts from around the world to offer Vietnamese clients properties that stand shoulder to shoulder with top-tier international developments in both architectural innovation and construction quality. At the same time, we remain deeply committed to preserving the cultural identity and local heritage that make each location unique.

Many Vietnamese have long aspired to experience architecture of the caliber created by Kengo Kuma, often described as the “grand master of harmonious design.” Others dream of homes curated by global icons such as 1508 London, whose interior concepts shape the living environments of the world’s most discerning elite, or of wellness services delivered by Chiva-Som, a global leader in holistic health and rejuvenation.

At Haus, we bring the world’s finest standards to Vietnam. All are infused with care, precision, and an enduring dedication to creating a new benchmark in modern living for the Vietnamese people.

Iconic projects crafted by legends

To achieve such ambitions, one must work alongside individuals of exceptional stature. Is this also true for your partners?

Absolutely. Haus Da Lat is a convergence of global talent brought together to realize a singular vision. While many high-profile developments may feature one or two renowned names, we are proud to have partnered with seven world-leading firms on a single project. These partners believed in the vision we set for Vietnam and chose to be part of delivering world-class options to the Vietnamese market.

Haus Da Lat was designed by the legendary Kengo Kuma.  

Kengo Kuma and his team at Kengo Kuma Associates (KKAA) are regarded as global icons in design, often celebrated as “masters of harmonious architecture.” Their signature Japanese style is internationally renowned for using architecture as a bridge between people and nature.

In 2021, Kengo Kuma was named one of the world’s 100 most influential people by Time magazine. He is acclaimed for creating profound synergy between built environments and the natural world—not overpowering nature, but drawing inspiration from it and designing in dialogue with it.

We chose Kengo Kuma for Haus Da Lat because of his genuine affection for this land. His architectural philosophy aligns deeply with our vision, and he has the ability to create a structure that will live in harmony with Da Lat for generations to come.

Isometrix, a globally renowned lighting design firm based in London, was founded by architect Arnold Chan. Often referred to as the “magician of light,” Isometrix is behind the illumination of some of the world’s most iconic landmarks. At Haus Da Lat, the lighting is crafted to reflect natural rhythms, offering residents a sense of calm and comfort, whether during the soft transition from day to night or the quiet shift from darkness into dawn.

Isometrix brings light to the architectural experience at Haus Da Lat

1508 London, curator of the living spaces of the global elite, was entrusted with the interior design and furnishing of Haus Da Lat. These are not simply homes - they are vessels of time, where every element is meticulously selected not to follow trends, but to reflect enduring character. Each space is custom-made and thoughtfully conceived to express the identity of its owner.

Many other celebrated names have joined us in shaping this project, transforming real estate into an elevated form of art. In every discipline, we have chosen to collaborate with legends in their field to co-create a legacy that will endure across generations.

Copper Beech advises on the Haus Private Club  

What about the daily experience of residents? Who are the people entrusted with delivering this elevated lifestyle?

It is not enough to create a beautiful space; every moment within that space must be cherished and supported. At Haus Da Lat, we partnered with Chiva-Som from the earliest design stages to establish a nearly 7,000-square-meter wellness sanctuary.

This collaboration marks a redefinition of therapeutic real estate in Vietnam, where residents are invited to care for their bodies, quiet their minds, and nourish their spirits.

Chiva-Som incorporates Da Lat’s diverse flora, rich farmland, and native herbs into bespoke therapies, nutritional programs, and holistic treatments. These are guided by six pillars of wellness: spa, integrative health, fitness, physiotherapy, aesthetics, and nutrition.

To complement these world-class collaborations, we selected Copper Beech to advise on operations. With their deep understanding of refined service and private luxury, they help us shape spaces that offer a sense of belonging to the most discerning residents.

Haus Da Lat represents our pursuit of balance: a synthesis of global standards of elegance and refinement, brought to life in the heart of Vietnam.

What lies ahead for Haus after Haus Da Lat?

Following Haus Da Lat, we plan to launch a series of developments across northern, central, and southern Vietnam. Each Haus community is designed to support holistic living, enabling residents to flourish in every dimension. From refined indulgence to practical wellness solutions, our developments are tailored to diverse lifestyles and personal aspirations unique to each region Haus enters.

Haus is committed to using non-toxic, recyclable, and innovative building materials. We integrate information technology and artificial intelligence to enhance daily life. By drawing upon natural resources, we aim to create self-sustaining urban communities powered by renewable energy.

We hold firm to the principles of ESG (Environmental, Social, and Governance), not as a checklist, but as a foundation for enduring impact. These values serve as our compass, reminding us that every project we build today must preserve, not compromise, the choices available to future generations.

Thank you for your sharings.

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Japan is currently a leading economic partner of Vietnam; therefore, topics such as improving the investment environment, promoting supply chains, and expanding markets for each other's goods will be emphasized.

Japanese Prime Minister Ishiba Shigeru and his spouse, accompanied by a high-level Japanese delegation, arrived in Vietnam on April 27 for a three-day official visit from April 27 to 29.

Made at the invitation of Vietnamese Prime Minister Phạm Minh Chính and his spouse, this visit marks PM Ishiba's first trip to Vietnam since taking office.

Speaking to the press about PM Ishiba's visit, Japanese Ambassador to Vietnam Ito Naoki stated that the visit aims to strengthen relations with Southeast Asia, as it is currently a growth center of the world economy and occupies an important strategic position. This is also a top priority for Japanese diplomacy, especially with Vietnam.

The Japanese government hopes that this visit will provide an opportunity for Japanese leaders, specifically PM Ishiba, to further strengthen personal trust with Vietnamese leaders, as well as affirm the enhancement of bilateral cooperation in areas such as national security and defense, economy, and addressing regional and international challenges.

According to Vietnamese Ambassador to Japan Pham Quang Hieu, within the framework of this visit, the leaders of the two countries will focus on in-depth discussions regarding strategic cooperation areas.

Japan continues to support and assist Vietnam in implementing three strategic breakthroughs in institutions, infrastructure, and human resources, helping Vietnam industrialize and modernize. Among these, economic, trade, and investment cooperation is the most important pillar in the bilateral relationship.

Japan is currently a leading economic partner of Vietnam; therefore, topics such as improving the investment environment, promoting supply chains, and expanding markets for each other's goods will be emphasized.

The two sides are striving to soon open their markets to Vietnamese pomelos and Japanese grapes; at the same time, they will exchange views on the possibility of further opening markets for other fruits and agricultural products of both sides, such as Vietnamese passion fruit and Japanese peaches. In addition, the two sides will discuss new pillars in their cooperation relationship to suit the new situation.

-Quang Thanh

Preparations for APEC High-Level Week 2027 must be closely aligned with Phu Quoc’s development, incorporating a long-term strategic vision extending beyond 2030.

The Government Office has announced the conclusions of Deputy Prime Minister Nguyen Chi Dung following a working session with leaders of southern Kien Giang province.

The Deputy Prime Minister emphasized that preparations for APEC High-Level Week 2027 must be closely aligned with Phu Quoc’s development, incorporating a long-term strategic vision extending beyond 2030, with goals reaching 2050 and even the next 100 years.

The ambition is to transform Phu Quoc into a world-class destination, ranking among the top 10 largest and most attractive islands globally, comparable to renowned destinations such as Bali and Phuket.

To achieve this, the selection of projects will be divided into two key categories: Urgent projects that directly support the APEC High-Level Week 2027 and require immediate investment and implementation; and Long-term projects that, while indirectly serving APEC, contribute to Phu Quoc’s sustainable development goals, ensuring their continued effective utilization beyond the conclusion of APEC 2027.

Additionally, the projects must outline a clear roadmap and completion timeline, establishing priorities and resource allocation to achieve the dual objectives of successfully hosting the APEC 2027 Summit while simultaneously fostering Phu Quoc’s long-term sustainable growth—benefiting both the island and the country as a whole.

-Thanh Thủy

FDI enterprises are the most optimistic about improvements or stability in production and operations.

Vietnam's manufacturing and processing enterprises are expressing optimism about business prospects in the second quarter of this year, the Vietnam News Agency has quoted the latest survey conducted by the National Statistics Office (NSO) as reporting.

Results of the business tendency survey of manufacturing enterprises in the second quarter showed that 45.8% of businesses expect better business performance in Q2 compared to the previous quarter. Meanwhile, 39.2% anticipate stability, and only 15% foresee more difficulties ahead.

Foreign-invested enterprises (FDI) are the most optimistic, with 87% forecasting either improvements or stability in production and operations. State-owned enterprises follow with 84.7%, and non-state firms at 84.1%.

Regarding production volume, 45.1% of businesses expect growth in Q2, 40.9% expect it to hold steady, and 14% anticipate a decline.

New orders are also projected to increase with 43.3% of businesses expect more new orders, 42.8% forecast stability, and 13.9% foresee a drop.

Up to 37.8% of enterprises expect an increase in export orders; 48.9% expect no change and 13.3% anticipate a decrease.

 

-Vân Nguyễn

In his recent article, titled “Vietnam is one, the Vietnamese people are one,” Party General Secretary To Lam stressed that the victory on April 30, 1975 was the result of the Vietnamese people's unwavering determination to build a unified nation that could never be divided by any force.

The following is the full text of the article through a translation by the Vietnam News Agency:

Vietnam is one, the Vietnamese people are one

To Lam, General Secretary of the Communist Party of Vietnam (CPV) Central Committee

The moment the liberation flag flew atop the Independence Palace at noon on April 30, 1975, became a monumental event in the nation’s history — marking the complete liberation of the South and national reunification. It was not only a great victory for the Vietnamese people in their arduous struggle against the US, but also a shining symbol of revolutionary heroism, the will for independence, resilience, and the strength of the great national unity.

The aspiration for a peaceful, unified, and independent Vietnam has been a sacred flame, forging the national spirit throughout thousands of years. From the time of the Hung Kings founding the nation to the present day, through numerous struggles to defend the country, patriotism and national spirit have remained the lodestar running through the nation’s history. Under the leadership of the Party and President Ho Chi Minh, this aspiration has been an incomparable spiritual force, inspiring the people across all walks of life to unite as one, overcoming every hardship and challenge to reclaim independence in 1945, expel colonialists in 1954, and reunify the country in 1975.

The victory of a heroic nation

The victory on April 30, 1975, not only marked the end of the longest and fiercest war in the modern Vietnamese history, but also became a brilliant milestone in the journey of national construction and defence. It was a victory of belief, the aspiration for independence, freedom, and national reunification; a victory of the strength of the great national unity under the wise leadership of the Communist Party of Vietnam; a victory of the truth that “Nothing is more precious than independence and freedom” and of the enduring patriotism, fighting spirit, and the eternal indomitable will of the Vietnamese people, along with progressive forces and peace-loving people worldwide.

The April 30, 1975 victory was the result of the Vietnamese people's unwavering determination to build a unified nation that could never be divided by any force. President Ho Chi Minh – the genius leader of the nation – affirmed the eternal truth: “Vietnam is one, the Vietnamese people are one. Rivers may run dry, mountains may erode, but this truth shall never change”.

His words were not only a sacred declaration of sovereignty and territorial integrity, but also a guiding light and a source of inspiration, providing strength to all generations of the Vietnamese people throughout the years of harsh and brutal warfare. The victory on April 30, 1975 stands as a living testament to the era’s philosophy: “Nothing is more precious than independence and freedom”.

The victory was not only a military triumph but also a crystallisation of the wisdom, mettle, and burning aspiration for lasting peace and the right to self-determination of a nation once colonised, divided, and oppressed. As Party General Secretary Le Duan once said “That victory belonged not to any one individual, but to the entire Vietnamese people.” And as poet To Huu wrote, “No pain belongs to just one person/ This triumph belongs to all of humanity”.

The Great Spring 1975 Victory also left a powerful mark on the international stage, giving strong momentum to national liberation movements across Asia, Africa and Latin America. It encouraged nations to rise up against neo-colonialism and reclaim their right to freedom and independence. It was a triumph of justice over tyranny, an affirmation to the international community that even a small nation, armed with a just cause, unity, and unyielding will, and with the wholehearted support of international friends, progressive forces, and peace-loving people around the world, can defeat powers many times stronger.

The will and aspiration for national reunification

Throughout 30 years of protracted resistance wars against colonialists and imperialists (1945–1975), the Vietnamese people endured immense hardships, sacrifices, and losses, yet their will for an independent and unified Vietnam was never shaken.

In his call on National Day, September 2, 1955, President Ho Chi Minh affirmed: “Vietnam will certainly be reunified, as our country is an indivisible whole, and no one can divide it.” In a letter to all Vietnamese people in 1956, he wrote: “Reunifying the nation is the lifeline of our people.” During the most intense and brutal phase of the anti-US resistance war, on July 17, 1966, he firmly declared: “The war may last five years, 10 years, 20 years, or even longer. Hanoi, Hai Phong, and some cities and factories may be devastated. But the Vietnamese people will never be afraid! Nothing is more precious than independence and freedom. When victory comes, our people will rebuild our country, stronger and more beautiful than ever before.” And indeed, under the leadership of President Ho Chi Minh and our Party, the Vietnamese army and people overcame countless difficulties, step by step defeating modern warfare strategies, with unwavering faith in the power of justice and the spirit of national independence.

President Ho Chi Minh's "Vietnam is one, the Vietnamese people are one" declaration is not only a truth and a strategic direction but also a command from the heart of the entire nation. Amid the flames of war, these words became a tremendous source of strength, inspiring millions of Vietnamese to step onto the battlefield with the resolve of "sacrificing for the country to survive". His words were a sacred call, a symbol of unwavering determination to overcome all pain and hardship, in order to gain independence and freedom for the nation, reunify the country, and bring prosperity and happiness to the people.

For more than 30 years of resistance and nation-building, millions of the nation’s brave sons and daughters fought valiantly and sacrificed their lives. Countless families lost loved ones, villages and cities were devastated, and generations of young people had to set aside their dreams of education and future ambitions to take up arms to protect the Fatherland, swearing that “we shall not return until the enemy is defeated.” Mothers bid farewell to their sons, wives to their husbands, sending them off to the battlefield, unsure if they would ever return. Children grew up amidst bombardment, learning to read in underground shelters, eating corn, sweet potatoes, and cassava instead of rice. Countless soldiers, youth volunteers, and frontline conscripted labourers perished across the S-shaped land, from the special forces who fought within enemy lines to the militia and guerrilla fighters in villages, and the liberation soldiers who crossed the Ben Hai River and the Truong Son mountain range. All of them carried a strong belief: the Vietnamese people would reclaim the right to own the country, and the North and South would inevitably reunite as one.

The victory of April 30, 1975 was the achievement crystallised from the ideals and iron will of a nation who would never be subjdued, the blood and sacrifice of millions of Vietnamese people, the love of the homeland, mettle and confidence in victory, and determination to never retreat.

A full half-century has passed since the day our country was reunified, the resonance of that triumphant moment still echoes in the soul of the Vietnamese nation. On this momentous anniversary, we respectfully commemorate our beloved President Ho Chi Minh, the genius leader of our Party and people, the great teacher of the Vietnamese revolution, the hero of national liberation, a world cultural celebrity, and an outstanding soldier of the international communist movement, and the person who laid the ideological foundation for the cause of national liberation and unification. We express our gratitude to and remember the Party's predecessors, heroic martyrs, intellectuals, compatriots and soldiers in every region of the Fatherland who bravely fought and sacrificed their lives for that noble ideal. Today and future generations of the Vietnamese people will forever bear in mind the great contributions and sacrifices for national independence, for the people's happiness and prosperity, and for the enduring prosperity and development of our nation.

We express our profound gratitude to international friends – progressive forces, fraternal socialist countries, humanitarian organisations, and peace-loving people around the world – who accompanied and supported Vietnam throughout years of struggle for national liberation, as well as in post-war nation reconstruction and development. These sincere, wholehearted and selfless sentiments and support will forever be treasured and cherished by and etched in the hearts of the Vietnamese people.

Half a century of recovery, healing, and development

For over a century, the Vietnamese people have gone through epic historical chapters, enduring countless pains and losses under colonial and feudal oppression, particularly during two fierce wars spanning more than three decades. War not only claimed millions of lives but also left profound physical, mental, economic, social, and environmental scars that continue to affect generations born after the gunfire ceased. There is no land in Vietnam that is free from pain; there is no family that has not suffered losses, and to this day, we are still dealing with the consequences of war, unexploded ordnance, and Agent Orange.

But time, compassion, and forgiveness have helped our people gradually overcome pain, heal wounds, put the past behind us, respect differences, and look towards the future. After 50 years of national reunification, we now have enough mettle, confidence, pride, and tolerance to transcend our pain and look forward together so that the past war is no longer a divide between people of the same Lac Hong bloodline.

On that journey of development, the policy of national reconciliation has consistently been identified by the Party and State as a long-term strategic choice and a pillar of the great national unity bloc. We understand the historical causes that led to war – from external intervention and division to schemes undermining solidarity and sowing hatred for political gain. But we also understand that all Vietnamese people - whether at home or abroad, regardless of which side they once stood on in history - share the same roots, language, and love for their homeland.

Over the past years, during my working trips across nearly all continents, I have had many opportunities to meet thousands of Vietnamese living overseas – from young intellectuals establishing their careers in Europe, America, Asia, and Oceania to successful entrepreneurs, renowned artists, and ordinary workers in "new lands," including many who were formerly on "the other side." Each meeting left a profound impression on me: despite potential differences in political views, historical experiences, or living conditions, they all carry national pride, are Vietnamese people, and have a deep nostalgia for the homeland.

I witnessed many moving reunions between Vietnamese veterans and American veterans – people who once stood on opposite sides of the battlefield and once held guns against each other, but are now able to shake hands, talk, and share with each other with sincere understanding and without lingering inferiority. Today, Vietnam and the US – former enemies – have become comprehensive strategic partners, cooperating for peace, for the benefit of both nations' people, and for regional security and stability. There is no reason for the Vietnamese people – sharing the same bloodline, all children of Mother Au Co, always yearning for a unified and prosperous country – to continue carrying hatred, division, and separation in their hearts.

National reconciliation does not mean forgetting the history or erasing differences, but accepting different perspectives in tolerance and respect, to work towards a greater goal: building a peaceful, unified, powerful, civilised, and prosperous Vietnam, so future generations will never have to witness war, separation, hatred, and loss as our ancestors did.

We believe that all Vietnamese – regardless of where they live or what their past may be – can join hands and contribute to building a bright future for our nation. The Party and State consistently open arms, value all contributions, and listen to all constructive and united voices from overseas Vietnamese communities – those who help connect Vietnam with the world.

We cannot rewrite history, but we can shape up our future. The past is to remember, to be grateful for, and to learn lessons from. The future is for building, creating, and developing together. That is the honorable promise of today's generation to those who laid down their lives, as well as the common aspiration of a nation that has endured great suffering, yet has never been defeated.

Fifty years ago, the Vietnamese people wrote a brilliant epic with iron will and unwavering courage – a symphony of will, determination, unity, and peace. Half a century later, they continue to write a new epic – a symphony of innovation, integration, development, and the powerful will to rise strongly in the 21st century. In the past, no genuine Vietnamese wanted their country to be divided. Today, certainly no genuine Vietnamese do not wish for their country to grow stronger and more prosperously, standing shoulder to shoulder with great powers across the five continents.

Looking ahead – continuing, building, innovating and advancing

More than anyone, today's generation understands that independence and reunification were not an end, but rather the beginning of a new journey: the journey of building a country of peace, prosperity, civilisation, development, and permanence. If previous generations etched into history the truth that "Vietnam is one nation, and the Vietnamese people are one" through immense sacrifice and loss, then it falls to today’s generation to transform that ideal into a driving force for development, and into wings with which the nation soars in this new era.

The spirit of national reunification – once steadfast and unbreakable belief and will that enabled the country to overcome hardship, challenges, and bombardment – must now evolve into political determination, a will to innovate, and concrete action, in a bid to defend independence, sovereignty, and territorial integrity, foster economic growth, and improve the material and spiritual lives of the people. It is imperative to make every Vietnamese, no matter where they are or what they do, feel proud of their country and confident in its future, and have the opportunity to contribute to its overall development.

In a rapidly changing and unpredictable world, Vietnam must maintain steadfast resolve and clear-headedness, refusing to be swept into geopolitical turbulence or caught unprepared by international conflicts. Every major turning point in world history can either become an opportunity or pose a grave challenge for smaller nations, depending on the strength or weakness of their internal foundations. The Vietnamese people, perhaps more than any other, deeply understand the devastating consequences of war. We are a nation that cherishes peace, never seeks war, and would do everything possible to prevent war. Yet, if “the enemy forces us to take up arms,” we shall once again emerge victorious. More than ever, it is vital for us to build a self-reliant, resilient economy; a modern, comprehensive system of national defence and security involving the whole population; an elite, streamlined, efficient, and effective political system; and a developed, united, cultured and humane society.

To achieve this, we must harness the intellect and strength of the entire nation, including the Vietnamese community abroad – an inseparable part of the great national unity bloc. In this digital age, an era of global connectivity, every Vietnamese person across the five continents can contribute to national construction through their knowledge, creativity, patriotism, and the sense of civic responsibility.

The new era we are stepping toward – characterised by artificial intelligence, digital transformation, green economy, and sustainable development – demands new thinking, new development models, and a new generation of people. Ahead of us lie numerous challenges regarding institution, labour productivity, the quality of human resources, environmental security, diseases, climate change, and non-traditional security threats. Yet history has shown that the Vietnamese nation has never shrunk from hardship, adversity, or challenge. The question is whether we have the courage to embrace change, the will to rise, and the unity to turn difficulties into a driving force for development.

Today's generation – from officials, Party members, civil servants and public employees to workers, farmers, intellectuals, entrepreneurs, pupils, students, and people from all walks of life – all descendants of the Dragon and Fairy – must deeply understand that we are the inheritors of a magnificent legacy left by our forebears, and that we bear the responsibility of bringing honour to our nation in this new era. Every action we take today must be worthy of the blood and sacrifice of past generations, and of the immense losses endured by the entire nation.

We must not allow our country to fall behind. We must not allow our nation to miss its opportunities. We must not allow history’s cycles to repeat themselves. Therefore, the interests of the nation and the people must always come first. We must act for the long-term future, not for short-term achievements. It is imperative to steadfastly defend independence, sovereignty, and territorial integrity, and to maintain a peaceful, stable environment. At the same time, we must boldly innovate in our thinking about development, push forward with administrative reforms, build a rule-of-law socialist state and a socialist-oriented market economy under state management and the Party leadership, and construct a modern socialist society.

Looking ahead, we have every reason to take pride and place our trust in the intrinsic strength of the Vietnamese nation – a people who have time and again triumphed over foreign invasion, risen from the ashes of war, and affirmed their place in history and before the world. With a thousand-year tradition of building and defending the country, an unrelenting aspiration for progress, and a young generation that is talented, ambitious, patriotic, creative, and full of resolve – Vietnam is certain to succeed.

The twenty-first century is the one of the nations that can master their own destiny. And the Vietnamese nation – armed with all the lessons of its past and the unity it forges today – will undoubtedly continue to write new glorious chapters in its journey of development. All is for an independent, free, happy, prosperous, civilised, and thriving Vietnam with stature and a strong voice in the international community.

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Under Resolution No. 60-NQ/TW of its 11th plenum, that was held on April 10-12,  the 13thParty Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total from 63 to 34 units, comprising 28 provinces and 6 centrally-governed cities.

Accordingly, the administrative boundaries of Hanoi, Hue City, and the provinces of Lai Chau, Dien Bien, Son La, Lang Son, Quang Ninh, Thanh Hoa, Nghe An, Ha Tinh and Cao Bang remain unchanged.

Meanwhile, 52 other localities will be merged as the following 23 new localtities   (names of the newly established provinces or centrally-governed cities are typed in all caps):

1. The province of TUYEN QUANG results from the merger of Tuyen Quang and Ha Giang provinces, with a total natural area of 13,795.6 square kilometers and a population of 1,731,600 people. Its political-administrative center shall be located in present-day Tuyen Quang city.

2. The province of LAO CAI results from the merger of Lao Cai and Yen Bai provinces, with a total natural area of 13,257 square kilometers and a population of 1,656,500 people. Its political-administrative center shall be located in present-day Yen Bai city.

3. The province of THAI NGUYEN results from the merger of Bac Kan and Thai Nguyen provinces, with a total natural area of 8,375.3 square kilometers and a population of 1,694,500 people. Its political-administrative center shall be located in present-day Thai Nguyen city.

4. The province of PHU THO results from the merger of Vinh Phuc, Phu Tho, and Hoa Binh provinces, with a total natural area of 9,361.4 square kilometers and a population of 3,663,600 people. Its political-administrative center shall be located in present day Viet Tri city (of current Phu Tho province).

5. The province of BAC NINH results from the merger of Bac Ninh and Bac Giang provinces, with a total natural area of 4,718.6 square kilometers and a population of 3,509,100 people. Its political-administrative center shall be located in present-day Bac Giang city.

6. The province of HUNG YEN results from the merger of Hung Yen and Thai Binh provinces, with a total natural area of 2,514.8 square kilometers and a population of 3,208,400 people. Its political-administrative center shall be located in present-day Hung Yen city.

7. The centrally-governed city of HAI PHONG results from the merger of Hai Duong province and Hai Phong city, with a total natural area of 3,194.7 square kilometers and a population of 4,102,700 people. Its political-administrative center shall be located in present-day Thuy Nguyen city (Hai Phong city).

8. The province of NINH BINH results from the merger of Ha Nam, Ninh Binh, and Nam Dinh provinces, with a total natural area of 3,942.6 square kilometers and a population of 3,818,700 people. Its political-administrative center shall be located in present-day Ninh Binh city.

9. The province of QUANG TRI results from the merger of Quang Binh and Quang Tri provinces, with a total natural area of 12,700 square kilometers and a population of 1,584,000 people. Its political-administrative center shall be located in present-day Dong Hoi city (of current Quang Binh province)

10. The centrally-governed city of DA NANG results from the merger of Quang Nam province and Da Nang city, with a total natural area of 11,859.6 square kilometers and a population of 2,819,900 people. Its political-administrative center shall be located in present-day Hai Chau district (of current Da Nang city).

11. The province of QUANG NGAI results from the merger of Kon Tum and Quang Ngai provinces, with a natural area of 14,832.6 square kilometers and a population of 1,861,700 people, Its political-administrative center shall be located in present-day Quang Ngai city.

12. The province of GIA LAI results from the merger of Gia Lai and Binh Dinh provinces, with a total natural area of 21,576.5 square kilometers and a population of 3,153,300 people. Its political-administrative center shall be located in present-day Quy Nhon city (of current Binh Dinh province).

13 The province of KHANH HOA results from the merger of Ninh Thuan and Khanh Hoa provinces, with a total natural area of 8,555.9 square kilometers and a population of 1,882,000 people. Its political-administrative center shall be located in present-day Nha Trang city (of current Khanh Hoa province).

14. The province of LAM DONG results from the merger of Lam Dong, Dak Nong, and Binh Thuan provinces, with a total natural area of 24,233.1 square kilometers and a population of 3,324,400 people. Its political-administrative center shall be located in present-day Da Lat city (of current Lam Dong province).

15. The province of DAK LAK results from the merger of Dak Lak and Phu Yen provinces, with a total natural area of 18,096.4 square kilometers and a population of 2,831,300 people. Its political-administrative center shall be located in present-day Buon Ma Thuot city (of current Dak Lak province).

16. The centrally-governed city of HO CHI MINH CITY results from the merger of, Ho Chi Minh City and the provinces of Ba Ria - Vung Tau and Binh Duong, with a total natural area of 6,772.6 square kilometers and a population of 13,608,800 people. Its political-administrative center shall be located in present-day District One (of current Ho Chi Minh City).

17. The province of DONG NAI results from the merger of Dong Nai and Binh Phuoc provinces, with a total natural area of 12,737.2 square kilometers and a population of 4,427,700 people. Its political-administrative center shall be located in present-day Bien Hoa city (of current Dong Nai province).

18. The province of TAY NINH results from the merger of Tay Ninh and Long An provinces, with a total natural area of 8,536.5 square kilometers and a population of 2,959,000 people. Its political-administrative center shall be located in present-day Tan An city (of current Long An province)

19. The centrally-governed city of CAN THO results from the merger of Can Tho City, and the provinces of Soc Trang and Hau Giang, with a total natural area of 6,360.8 square kilometers and a population of 3,207,000 people. Its political-administrative center of the new locality shall be located in present-day Ninh Kieu District (of current Can Tho city).

20. The province of VINH LONG results from the merger of the provinces of Ben Tre, Vinh Long, and Tra Vinh, with a total natural area of 6,296.2 square kilometers and a population of 3,367,400 people. Its political-administrative center shall be located in present-day Vinh Long city.

21, The province of DONG THAP results from the merger of Tien Giang and Dong Thap provinces, with a total natural area of 5,938.7 square kilometers and a population of 3,397,200 people. Its political-administrative center shall be located in present-day My Tho city (of current Tien Giang province).

22. The province of CA MAU results from the merger of the provinces of Bac Lieu and Ca Mau provinces, with a total natural area of 7,942.4 square kilometers and a population of 2,140,600 people. Its political-administrative center shall be located in present-day Ca Mau city.

23. The province of AN GIANG results from the merger of An Giang and Kien Giang provinces, with a total natural area of 9,888.9 square kilometers and a population of 3,697,200 people. Its political-administrative center shall be located in present-day Rach Gia city (of current Kien Giang province).

The merger of cities and provineces will be approved by the National Assembly at its upcoming sitting, scheduled to open in May 5.

Also under the plan, the two-tier local administration system shall include: (i) provincial-level administration of provinces and centrally-governed cities; (ii) commune-level administration of communes and wards.

The district-level and township-level administrations shall be dissolved.

-Vân Nguyễn

The result recorded in the first half of April brought the country’s total import - export turnover to US$237.97 billion as of April 15, up 16.5% year on year.

According to statistics released on April 26 by the Department of Customs, under the Ministry of Finance, Vietnam’s total import - export value during the first half of April 2025 (from April 1 to April 15) reached $35.44 billion, down 10.6 per cent (equivalent to a decrease of $4.2 billion) compared to the second half of March 2025.

The result recorded in the first half of April brought the country’s total import-export turnover to $237.97 billion as of April 15, 2025, an increase of 16.5 per cent, or $33.71 billion in absolute terms, compared to the same period in 2024. 

Of this, the total import-export value of foreign direct investment (FDI) enterprises amounted to $159.17 billion, up 15.6 per cent (equivalent to an increase of $21.53 billion).

In particular, Vietnam’s export value in the first half of April 2025 reached $16.75 billion, down 6.9 per cent compared to the first half of March. Compared to the second half of March, which recorded the highest export value ever, exports in the first half of  April dropped by 18.3 per cent (equivalent to a decrease of $3.74 billion).

Compared to the second half of March, the export value during this period  decreased across several product groups, including computers, electronic products and components (down $814 million or 18 per cent), phones and components (down $745 million or 29.6 per cent), and machinery, equipment, tools, and spare parts (down $412 million or 16.4 per cent).

As of April 15, 2025, Vietnam’s total export value this year reached $119.62 billion, up 16.3 per cent or $16.78 billion compared to the same period in 2024. Some major export categories recorded significant growth, such as computers, electronic products and components (up $3.69 billion, or 17.5 per cent), machinery, equipment, tools, and spare parts (up $2.11 billion, or 17.1 per cent), and phones and components (up $1.77 billion, or 12.6 per cent).

Customs data also showed that the export value of FDI enterprises in the first half of April 2025 was $11.58 billion, down 20.1 per cent (equivalent to a decrease of $2.91 billion) compared to the second half of March 2025. By mid-April, the total export value of these enterprises this year had reached $85.03 billion, up 15.8 per cent (equivalent to $11.59 billion) year-on-year, accounting for 71.1 per cent of the country’s total export value in the period.

On the import side, Vietnam’s import value in the first half of April 2025 reached $18.69 billion, down 2.4 per cent (equivalent to a decrease of $459 million) compared to the second half of March. The import value declined across several major groups, including computers, electronic products and components (down $217 million or 3.8 per cent), completely built-up cars (down $67 million or 24.5 per cent), and machinery, equipment, tools, and spare parts (down $65 million or 2.6 per cent).

As of April 15, 2025, the total import value of the country this year reached $118.35 billion, an increase of 16.7 per cent (equivalent to $16.93 billion) compared to the same period in 2024. Significant growth was seen in key product groups such as computers, electronic products and components (up $9.12 billion, or 32.5 per cent) and machinery, equipment, tools, and spare parts (up $2.64 billion, or 21.2 per cent).

The import value of goods by FDI enterprises during the first half of April reached $11.24 billion, down 3.8 per cent (equivalent to a decrease of $439 million) compared to the second half of March 2025. By April 15, the total import value of FDI enterprises this year reached $74.14 billion, up 15.5 per cent (equivalent to $9.94 billion) year-on-year, accounting for 63 per cent of the country’s total import value in the period.

Based on these figures, Vietnam recorded a trade deficit of $1.94 billion in the first half of April 2025. However, from the beginning of the year to April 15, the country maintained a trade surplus of $1.27 billion.

-Viet An

UAE businesses expressed keen interest in sectors such as supporting industries, renewable energy, real estate, tourism, and services.

As part of its working visit to the United Arab Emirates (UAE), a delegation from Vinh Phuc province hosted an investment promotion seminar on April 25, themed "Vinh Phuc - A Safe, Potential, and Attractive Destination for Middle Eastern Businesses."

The seminar welcomed over 50 businesses and investors, including representatives from leading global corporations headquartered in Dubai, such as DP WORLD, a multinational logistics company, and Austvina, a financial and investment consulting firm.

The event aimed to introduce investment opportunities, expand trade relations, and strengthen economic exchanges between the province and international partners.

Mr. Bui Huy Vinh, Standing Deputy Secretary of the Provincial Party Committee, highlighted Vinh Phuc's strategic location, modern infrastructure, and open investment policies.

With over 475 foreign direct investment (FDI) projects from 20 countries and a total registered capital exceeding $8.4 billion, Vinh Phuc continues to position itself as an attractive destination for investors, he said.

Reaffirming the province’s commitment to supporting businesses, Mr. Vinh assured investors—especially those from the Middle East—of Vinh Phuc’s dedication to creating an optimal investment environment.

During the discussion session, UAE businesses expressed keen interest in sectors such as supporting industries, renewable energy, real estate, tourism, and services. Investors were particularly drawn to the province’s preferential policies, including tax incentives, land allocation benefits, site clearance assistance, and high-quality human resource training programs—further reinforcing the province’s appeal as a prime investment destination.

-Khánh Vy

"The visit aims to strengthen the economic relationship between Normandie and Vietnam, particularly in gastronomy and high-end agricultural products."

A delegation from the Normandie region (France) visited Vietnam from April 23-26 to promote products and seek cooperation opportunities in the Southeast Asian market.

The delegation included Delphine Wahl, General Director of the Normandie Chamber of Commerce and Industry, Michelin-starred chef David Gallienne (winner of Top Chef France 2020), and representatives from several prominent businesses in the region.

During their visit, the delegation engaged with restaurants, hotels, and importers in Ho Chi Minh City and Hanoi, as well as with the Escoffier Chefs Association and the Vietnam Chefs Association.

"This visit aims to strengthen the economic relationship between Normandie and Vietnam, particularly in gastronomy and high-end agricultural products,” said Ms. Wahl.

“Vietnam is currently an important trading partner of France in Southeast Asia, with French exports to Vietnam estimated at.€1.5 billion (approximately $1.7 billion) in 2024. Of this, agricultural and forestry products account for 9.9% of France’s exports to Vietnam," she said.

Highlighting Vietnam’s attractiveness for foreign businesses, Ms. Wahl added: "With a population of 100 million and an average growth rate exceeding 6% over the past decade, combined with the benefits of the EU-Vietnam Free Trade Agreement, Vietnam presents an exciting opportunity for French businesses, particularly in the high-end food sector."

Regarding broader cooperation between Normandie and Vietnam, Ms. Wahl elaborated: "Normandie has extensive economic and trade relations with Asia, with Vietnam serving as a strategic partner. In 2024, Asia accounted for 12.7% of Normandie’s exports and 14.2% of its imports. Many businesses and signature products from Normandie—including Isigny, Seafrigo, and Towt—are already present in Vietnam and well-received by consumers, especially high-end culinary items such as cider, Calvados, and cheese."

Despite the opportunities, Ms. Wahl acknowledged three key challenges faced by French businesses investing in Vietnam: tariffs, unclear legal regulations, and limited awareness programs, training, and experience-sharing initiatives.

She emphasized the need for more support programs and problem-solving initiatives to facilitate effective business cooperation between French investors and Vietnamese partners.

-Quỳnh Như

It serves as a key link in the transnational logistics chain, catering to growing import, export, and transit cargo demands from Laos and Northeast Thailand to the sea.

Berth No. 3 of the Lao - Viet International Port, located in Ha Tinh province, is set to officially begin operations on April 28.

Developed by the Lao - Viet International Port Joint Stock Company, the project has a total investment of nearly VND1 trillion ($38.5 million).

The berth spans a land area of 43,928 sq.m and a water surface area of 42,000 sq.m, designed to accommodate cargo ships with a tonnage of up to 45,000 DWT. It boasts an annual cargo handling capacity of approximately 2.15 million tons.

With a length of 225 m, Berth No. 3—when combined with Berths No. 1 and No. 2—forms a continuous quay system totaling 697 m. This infrastructure can simultaneously handle three large vessels weighing 50,000 - 55,000 tons or six to seven medium-sized vessels ranging from 3,000 - 4,000 tons, significantly enhancing cargo circulation and logistics efficiency in the region.

The commissioning of Berth No. 3 marks a milestone in strategic seaport infrastructure development, strengthening socio-economic ties between Vietnam and Laos. It serves as a key link in the transnational logistics chain, catering to growing import, export, and transit cargo demands from Laos and Northeast Thailand to the sea.

Additionally, Berth No. 3 is expected to attract domestic and foreign investment, fostering the creation of a dynamic inter-regional logistics center and expanding marine economic opportunities across Vietnam's Central region.

-Phương Nhi

The EBI based on three main criteria: infrastructure and human resources, business-to-consumer transactions, and business-to-business transactions.

Hanoi tops the E-Commerce Business Index (EBI) 2025 which was announced by the Vietnam E-Commerce Association on April 25, according to a report from the Vietnam News Agency.

The EBI 2025 report shows that Hanoi leads the ranking with 74.7 points, followed by Ho Chi Minh City with 73.5 points, and central Da Nang city with 28.1 points.

The index was developed based on surveys of thousands of businesses across the country.

The EBI is based on three main criteria: infrastructure and human resources, business-to-consumer (B2C) transactions, and business-to-business (B2B) transactions. A locality’s ranking depends on improvements in these criteria and their subcomponents.

The average score for the index this year is 9.3 points, underlining the significant disparity in e-commerce development between Hanoi, HCM City, and the remaining provinces and cities. 

 

 

 

-Vân Nguyễn

At a meeting on April 26, Prime Minister Pham Minh Chinh calling for prompt preparations to start the construction of the Lao Cai–Hanoi–Hai Phong railway project in 2025 and the North–South high-speed railway in 2026.

At the second meeting of the Steering Committee for key national railway projects, held in Hanoi on April 26, under his chair,  Prime Minister Pham Minh Chinh has called for prompt preparations to start the construction of the Lao Cai–Hanoi–Hai Phong railway project in 2025 and the North–South high-speed railway in 2026.

The PM, who is also head of the Steering Committee for key national railway projects, was quoted by the Government News as noting at the meeting that the Government expects construction of the $67 billion North-South high-speed railway will begin on December 2026, aiming to revolutionize national transportation and boost economic growth.

The projected high-speed railway, covering 1,541 kilometers, will connect Hanoi's Ngoc Hoi Station with Ho Chi Minh City's Thu Thiem Station, and include 23 passenger stations and 5 freight stations.

The projected double-track railway will have a design speed of 350 km/h and an axle load of 22.5 tons.

As a national key project, the North-South high-speed railway is Vietnam's first large-scale high-speed rail initiative, requiring advanced technology and rapid implementation.

For the Lao Cai–Hanoi–Hai Phong railway project, the relevant agencies were asked to discuss and urge the Chinese side to expedite the loan agreement negotiations.

The new railway line will span approximately 390.9 kilometers for the main route and include 27.9 kilometers of branch lines. The project will traverse nine localities of Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Ha Noi, Bac Ninh, Hung Yen, Hai Duong and Hai Phong. Starting at the border crossing point in Lao Cai Province, the line will end at Lach Huyen Station in the port city of Hai Phong.

The main line from the new Lao Cai Station to Nam Hai Phong Station will be designed for speeds up to 160 km/h, while sections through Hanoi will operate at 120 km/h and the remaining will run at 80 km/h.

The costs of the project is estimated at VND203.2 trillion (about $8.369 billion).

-Vân Nguyễn

The auction is scheduled to take place in the second quarter of 2025.

The People's Committee of Nghe An province has approved a plan to auction mining rights for 10 mineral mine areas located in Hoang Mai town, and the districts of Nam Dan, Thanh Chuong, Tan Ky, and Quy Hop.

These mine areas have not yet undergone exploration or assessments for reserves and quality, and the auction is scheduled to take place in the second quarter of 2025.

According to the People's Committee, the auction aims to ensure efficient, reasonable, and sustainable management and exploitation of mineral resources, while increasing economic efficiency and minimizing environmental impacts.

Additionally, the initiative seeks to unlock the potential of mineral resources, attract investment, enhance resource utilization, and boost revenue for the state budget.

Furthermore, the auction will play a crucial role in curbing illegal mineral exploitation, which often leads to resource wastage, environmental pollution, and social security disruptions.

-Nguyễn Thuấn

The industrial cluster covering 24.3ha in Gio Linh district.

The People’s Committee of central Quang Tri province has decided to set up Gio Linh Industrial Cluster, which will cover 24.3ha in Gio Linh district.

Infrastructure investment capital for the cluster is estimated at over VND293 billion ($11.1 million). Infrastructure construction will be implemented from 2025 to 2028.

The multi-industry cluster will give priorities to sectors such as electronics, agro-forestry and fishery processing, solar power equipment manufacturing, food processing, and industries that apply high technology and generate sustainable value.

Under the provincial master planning for 2021-2030 period, Quang Tri will have 25 industrial clusters with a total area of 899.15ha.

Currently, there are 17 industrial clusters in the province, covering 527.5ha. The average occupation rate is 65.1%.

 

 

 

-Nguyễn Thuấn

The total investment capital for the project amounts to nearly VND580 billion (nearly $22.3 million).

The Management Board of the Economic and Industrial Zones of the centrally-run city of Hue has approved investment policy for a social housing project in the Chan May urban area, located within the city's Chan May - Lang Co Economic Zone.

The project aims to address the housing needs of workers and enhance social infrastructure in the area.

Spanning nearly 18,800 sq.m, the project will include 898 apartments, of which 780 units will be social housing, designated for beneficiaries under the Law on Housing 2023, particularly workers and laborers in industrial zones. The remaining 118 apartments will be commercial housing, offering diverse housing options for residents.

Upon completion, the project is expected to accommodate over 2,000 people, significantly contributing to housing needs in the Chan May - Lang Co Economic Zone.

The total investment capital for the project amounts to nearly VND580 billion (nearly $22.3 million). Under the current plan, construction must be completed within 24 months from the date of land allocation or lease.

The project's funding will be primarily mobilized by the investor, with a minimum contributed capital of at least 20%.

-Nguyễn Thuấn

During Japanese Prime Minister Ishiba Shigeru's upcoming official visit to Vietnam, the two sides are expected to discuss the progress of 15 renewable energy projects in Vietnam, with a total investment of up to $20 billion.

In a press briefing on April 23, ahead of Japanese Prime Minister Ishiba Shigeru's upcoming official visit to Vietnam, Japanese Ambassador to Vietnam Ito Naoki emphasized that strengthening relations with Vietnam is a cornerstone of Japan's foreign policy.

Japan expects to strengthen cooperation with Vietnam in key emerging sectors like digital transformation, green transition, innovation, and science and technology, as the latter strives to become a  developed country by 2045, according to the Japanese ambassador.

The ambassador was quoted by the Government News as saying that Prime Minister Ishiba Shigeru's  upcoming visit is expected to reaffirm the shared commitment between the two countries to enhance cooperation in critical areas such as security and defense, economic growth, and addressing both regional and global challenges.

Ambassador Ito highlighted Japan's focus on advancing high-level diplomacy to promote its "Free and Open Indo-Pacific" strategy, which upholds a rule-based international order.

Praising Vietnam's rapid reforms under the leadership of Party General Secretary To Lam, the Ambassador noted that the ongoing transformation presents an opportunity for Japan to deepen its engagement. "This is a new era for Vietnam," the Japanese diplomat said, adding that "Japan is eager to support this journey and contribute to peace and prosperity in the region and beyond."

According to the ambassador, during the visit, the two sides are expected to discuss the progress of 15 renewable energy projects in Vietnam, with a total investment of up to $20 billion. These initiatives are part of the Asia Zero Emission Community (AZEC), a Japan-led initiative aimed at promoting decarbonization across the region.

Ambassador Ito also revealed plans to expand cooperation in areas such as semiconductor training, defense technology, labor, tourism, and Japanese language education for Vietnamese citizens.

"The visit by Prime Minister Shigeru will lay the groundwork for in-depth discussions that will further unlock opportunities for collaboration between our two nations," the ambassador said, stressing the growing importance of bilateral cooperation amid a rapidly changing global landscape.

Earlier, the Ministry of Foreign Affairs announced that Japanese Prime Minister Ishiba Shigeru and his spouse will pay an official visit to Vietnam from April 27 to 29.

In November 2023, the two countries signed a Joint Statement on the elevation of relations to a Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World.

-Vân Nguyễn

Seamaster Paint advances quality and sustainability with innovative coatings tailored for green buildings and extreme environmental conditions.

A diverse color system, strong waterproofing ability, smooth finishes, excellent color fastness, and environmentally friendly characteristics - these are some of the defining features that have helped Seamaster Paint stand out, especially in the context of green building development. These attributes are seen as central to its efforts to improve overall product quality.

Based in the Vietnam Singapore Industrial Park in Binh Duong, Seamaster Paint operates a factory focused on producing and supplying high-quality paints and coatings. The facility follows strict production processes and uses advanced equipment to meet rising market demands. The company’s Green Label-certified products have gained support and recognition from customers, particularly those prioritizing sustainability.

Among its product offerings, Seamaster Paint has introduced two strategic lines. Building on the success of its Weathercare high-performance wall coating, the company launched a new product developed with advanced technology from Singapore - Weathercare Supreme. This upgraded version offers enhanced protection against harsh weather conditions and improved durability in terms of color fastness over time.

Weathercare Supreme is currently the flagship product the company is promoting. It provides up to 10 years of protection for exterior surfaces, double the performance of the original Weathercare Excel. According to the manufacturer, this extended lifespan not only ensures better quality but also leads to cost savings for building projects.

Beyond durability, Weathercare Supreme is also positioned as a strong waterproofing solution. It forms a protective film that helps prevent issues such as water damage, mold, fungus, paint peeling, and carbonation. It also resists chalking and helps maintain surface cleanliness over time, contributing to long-term preservation of building structures.

In parallel, the company has also introduced Seamaster Fireguard, a fire-retardant paint that is also environmentally friendly. The product has received certification from the Fire and Rescue Police Department and testing reports from SGS.

Thanks to its specialized formula, Fireguard is capable of withstanding temperatures of up to 1,000°C. It is suitable for both interior and exterior use and is designed to protect steel structures in buildings such as airport terminals, shopping malls, sports centers, power plants, theaters, and offices. It offers fire resistance of up to 120 minutes on metal surfaces and up to 90 minutes on wood, combining fire safety with an aesthetic finish.

With more than 65 years of experience in the industry, Seamaster Paint continues to follow standardized manufacturing practices aligned with its parent company in Singapore. The brand positions itself as a trusted supplier of decorative and protective paints, aiming to deliver consistent quality and service. Its emphasis on eco-friendly solutions aligns with current trends in green architecture and smart urban development.

Seamaster’s investments in technology and innovation are seen as contributing not only to the functionality of its products but also to broader goals around sustainable construction and the evolving architectural landscape in Vietnam.

Seamaster Paint (Vietnam) Co., Ltd
16 Tu Do Avenue, Vietnam Singapore Industrial Park, Thuan An, Binh Duong
Tel: (0274) 3756118
Web: www.seamasterpaint.com.vn

-Diep Linh

Imexpharm aims for VND2,981 billion in total revenue and VND493.5 billion in profit before tax in 2025, focusing on high-tech products, RD, and market expansion. People’s Doctor, Pharmacist Tran Thi Dao, General Director of Imexpharm, speaks at Imexpharm's 2025 Annual General Meeting. Photo: Imexpharm

Imexpharm, a key player in Vietnam’s pharmaceutical industry, outlined its 2025 growth plan at its recent Annual General Meeting (AGM). The company is aiming for total revenue of VND2,981 billion ($119.24 million) and a profit before tax of VND493.5 billion ($19.74 million), representing year-on-year increases of 18.6 per cent and 22.1 per cent, respectively.

2024: Resilience amidst volatility

In his opening remarks, Mr. Sung Min Woo, Chairman of the Board, stated: “2024 was marked by global uncertainty and volatility. However, with the unified efforts of our Board of Management and all our employees, Imexpharm delivered market-outpaced performance. 2025 is a cornerstone year for Imexpharm’s long-term vision of becoming a leading Asian pharmaceutical company, focusing on high-tech, high-value-added products capable of competing confidently on the global stage.”

In 2024, Imexpharm recorded net revenue of VND2,205 billion ($88.2 million), an 11 per cent increase from 2023. Notably, the ETC channel grew 56 per cent, with revenue from EU-GMP standard injectable products making up 33 per cent of total revenue. EBITDA reached VND521 billion ($20.84 million), up 12 per cent, and profit before tax hit VND404 billion ($16.16 million), achieving 96 per cent of the annual target. Following this performance, the company made a strategic decision to adjust its dividend payout from 20 per cent to 5 per cent of the charter capital to preserve cash flow for strategic investments, particularly in the Cat Khanh Pharmaceutical Factory Complex Project (IMP5).

2025: Strengthening core capabilities

Imexpharm’s 2025 business targets also include net revenue of VND2,649 billion ($101.8 million), up 20.1 per cent; and EBITDA of VND635 billion ($24.4 million), an increase of 21.9 per cent. The EBITDA margin is expected to be maintained at a high level of 24 per cent, indicating a stable operational outlook and sustainable profitability.

To achieve these targets, Imexpharm plans to launch 16 new products, including high-tech offerings such as "first generics," biosimilars, and complex dosage forms, which are expected to contribute 5-10 per cent of revenue. Additionally, the company is expanding its production capacity, focusing on the Cat Khanh Pharmaceutical Factory (IMP5), designed to meet EU-GMP standards. This factory is expected to begin operations in 2028 and will focus on specialized therapeutic areas like gastrointestinal, cardiovascular, and diabetes treatments, which require high technical content.

Imexpharm is also expanding its market coverage, particularly in the Northern region. In 2024, the company restructured its sales system, which helped achieve nearly 50 per cent growth in customer numbers. This momentum continued into Q1 2025, contributing to higher revenue and increased brand recognition.

Imexpharm’s high-tech EU-GMP certified manufacturing facility. Photo: Imexpharm

Mr. Nguyen An Duy, CFO of Imexpharm, emphasized the role of digital transformation and performance management as key levers for the next growth phase. Intelligent reporting systems, integrated financial-operational-sales data management platforms, and an effective management model are enabling the company not only to control costs but also to make faster, more accurate decisions. Imexpharm aims to become the leading pharmaceutical company in Vietnam in terms of ESG practices, risk management, and compliance with international standards and best practices, thereby maximizing value for shareholders and the community.

Imexpharm’s management affirmed that product growth, network growth, and operational efficiency are the three strategic pillars that will help Imexpharm realize its medium- and long-term vision.

Building trust through transparency and expertise

The discussion session at the 2025 AGM reflected shareholders' keen interest in key strategic issues, from the future product portfolio and long-term competitiveness to the ownership structure and the company's market position.

Regarding competitiveness, People’s Doctor, Pharmacist Tran Thi Dao, General Director of Imexpharm, highlighted three key factors driving Imexpharm's outstanding growth momentum: EU-GMP standard manufacturing capabilities, a portfolio of new-generation antibiotics with broad hospital coverage, and a lean, transparent, and efficient operating model. This forms the foundation for the company not only to lead the antibiotic market but also to expand into complex, high-tech therapeutic groups.

Inside Imexpharm’s EU-GMP certified pharmaceutical manufacturing facility. Photo: Imexpharm

In the current market landscape, antibiotic resistance is increasingly becoming a serious global issue, threatening treatment efficacy and public health. Imexpharm has prioritized the research and development of new-generation antibiotics to meet growing market demand. Mr. Le Van Nha Phuong, Chief Production Officer, elaborated on three key therapeutic areas the company is actively developing: cardiovascular, gastrointestinal, and diabetes. These areas currently represent a market size of over VND50 trillion ($20 billion) and are experiencing stable compound annual growth rates of 8-13 per cent, particularly in diabetes, where treatment demand is continuously rising (source: IQVIA).

“Building on the impressive results of 2024, 2025 marks a year of accelerated ambition for Imexpharm,” emphasized the General Director of Imexpharm. “This year, IMP will continue to intensify RD for high-tech products such as 'first generics,' biosimilars, and complex dosage forms…, expand EU-GMP production capacity, enhance operational efficiency, and target export markets. The Cat Khanh Pharmaceutical Factory Complex Project (IMP5), expected to break ground by the end of 2025, will be a crucial driver, helping Imexpharm meet increasing demand and solidify its position in the segment of high-tech, high-value drugs produced on EU-GMP lines.”

-Diep Linh

The KRX trading system offering a wider range of functionalities.

A new trading system of the Vietnam Securities Market (KRX System) is set to be rolled out from May 5, the Vietnam News Agency quoted the Ho Chi Minh Stock Exchange (HOSE) as reporting.

Full details of the system’s enhanced features have been made available on the HOSE’s official website at http://hsx.vn, where investors can access further information.

In anticipation of the system’s launch, brokerage firms and market participants have begun organizing a series of training and information sessions aimed at helping investors navigate the upcoming changes in trading regulations brought about by the platform.

SSI Securities Corporation confirmed that it is actively preparing for the transition in cooperation with other market members. The system switch-over is scheduled to take place between April 30 and May 4, with official operations commencing on May 5.

According to SSI, the platform is expected to offer a wider range of functionalities, laying the groundwork for the introduction of new products and services.

-Vân Nguyễn

The company has been found operating without an environmental permit.

The People's Committee of the southern province of Dong Nai has imposed a VND780 million ($30,000) administrative fine on Viet-Phap Animal Feed Joint Stock Company (Proconco) for five environmental protection violations.

Additionally, the company’s facility generating waste without an environmental permit has been suspended for 4.5 months.

Vice Chairwoman of the People's Committee Nguyen Thi Hoang recently issued the decision on administrative penalties, targeting Proconco, headquartered in Bien Hoa 1 Industrial Park,  in the province's Bien Hoa City.

First, the company has been found operating without an environmental permit, despite being required to obtain one under the licensing authority of the provincial People's Committee.

Second, Proconco has failed to conduct periodic monitoring of industrial dust and emissions, as required by environmental regulations.

Third, during an inspection on March 17, 2025, by the provincial Department of Agriculture and Environment, authorities discovered that the company lacked a safe operating platform at dust and gas sampling points, including the gas sampling hole at the exhaust pipe following the fabric filter treatment system of the feeding system.

Fourth, the company has exceeded technical waste regulations, discharging exhaust gas at levels two to three times higher than permissible limits, with an exhaust gas flow rate ranging from 5,000 m³/hour to under 10,000 m³/hour.

Fifth, Proconco has failed to comply with the environmental impact assessment report, violating regulations under the approval authority of the provincial People's Committee.

-Hằng Anh