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Vietnam News
News
As of june 20, 2025, Vietnam saw significant legislative activity with the National Assembly unanimously adopting a historic resolution amending key provisions of the Constitution and approving the Law on Digital Technology Industry, legalizing digital assets. In economic news, a third round of Vietnam-U.S. reciprocal trade pact talks concluded with "significant progress," and a $2.5 billion LNG power plant in northern Vietnam is set for groundbreaking later in 2025. On the business front, Vietnam's tech unicorn VNG expects to significantly narrow its losses in 2025 and plans a name change.
Business News
Vietnam's business landscape on june 20, 2025, reflects robust activity and strategic development. Vietnam Airlines initiated construction on two major projects at Long Thanh International Airport with a total investment of $69 million. Prime Minister Pham Minh Chinh approved the establishment of the Danang Free Trade Zone, covering over 1,881 hectares. The country also saw significant growth in fruit and vegetable exports to the EU, increasing by 33% in four months. Japanese retailer Aeon Mall continues its rapid expansion through partnerships with domestic companies, and MBBank is offering a free app for business households' sales management and electronic invoice issuance. Vietnam is also actively seeking more foreign direct investment (FDI) in semiconductors and AI.
Economic News
On june 20, 2025, Vietnam's economy demonstrated dynamism with strong growth in motorcycle and car sales reported by Honda Vietnam for May 2025. Vietnam is actively seeking to attract more Foreign Direct Investment (FDI) into semiconductors and AI, with major U.S. and EU companies increasing their investment. The past five months have seen a doubling of large-scale real estate projects, reflecting strong market appeal. Despite a nearly 19% fall in rice export prices, volumes continue to climb. The country is also focusing on green finance, with a stronger legal framework and rising investor interest in the green bond market.
Political News
Vietnam's political scene on june 20, 2025, was marked by the National Assembly's unanimous adoption of historic constitutional amendments. These reforms include a reconfiguration of Vietnam's administrative system into a two-tier model and the cessation of district-level administrative units on July 1, 2025, aiming for a leaner and more effective political system. Lawmakers also discussed incentives for UN peacekeeping personnel and the draft Law on Participation in United Nations Peacekeeping Operations. The Prime Minister emphasized the new commune-level political system's operational readiness by June 30.
Election News
As of june 20, 2025, Vietnam is in the preparatory phase for its national election scheduled for March 15, 2026. The Politburo of the Communist Party of Vietnam issued a directive on candidate selection, stating that individuals who headed agencies with corruption or wastefulness, or those under inspection/investigation for violations, will not be nominated for the National Assembly and People's Councils. This highlights an emphasis on clean governance in the upcoming electoral cycle. Earlier in June, lawmakers approved plans to merge provinces, slashing nearly 80,000 public sector jobs, as part of administrative restructuring.
Employment News
Vietnam's employment sector on june 20, 2025, is undergoing significant reforms. The country plans to slash nearly 130,000 public workforce positions as part of a nationwide administrative restructuring, including reducing the number of provinces and centrally-run cities. This move aims to generate savings on salaries and administrative costs. Concurrently, the National Assembly passed a revised Employment Law, effective January 1, 2026, which grants workers broader access to preferential loans for job creation and expands unemployment insurance coverage to include workers on shorter contracts and part-time workers.
Business News
On june 20, 2025, Vietnam's Business, particularly the VN-Index, entered a correction phase after a strong recovery from its April 9, 2025 bottom. Six out of eight sessions between June 4 and June 23 showed declines, indicating volatility. However, digital assets were officially legalized by the National Assembly, providing a new avenue for investment. The green bond market is also gaining momentum with a stronger legal framework, and HDBank plans an upcoming international bond offering to raise up to $100 million. Two Vietnamese stocks, Nam Song Hau Trading and Investing Petroleum JSC (PSH) and Koji Asset Investment JSC (KPF), are facing delisting due to information disclosure violations.
Forecast
The forecast for Hanoi, Vietnam, from june 20, 2025, indicates warm and humid conditions with a high chance of scattered thunderstorms and light rain.
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Sunday, june 20 (Yesterday): Scattered thunderstorms. High 29∘C (84∘F), Low 26∘C (78∘F). Moderate wind from the north at 2 mph.
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Monday, June 26 (Today): Cloudy. High 34∘C (93∘F), Low 27∘C (80∘F). Light rain.
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Tuesday, June 27: Light rain. High 30∘C (86∘F), Low 27∘C (80∘F).
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Wednesday, June 28: Light rain. High 31∘C (88∘F), Low 27∘C (81∘F).
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Thursday, June 29: Scattered thunderstorms. High 30∘C (86∘F), Low 27∘C (81∘F).
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Friday, June 20: Scattered thunderstorms. High 30∘C (86∘F), Low 27∘C (81∘F).
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Saturday, June 21: Scattered thunderstorms. High 31∘C (87∘F), Low 27∘C (81∘F).
Entertainment News
On june 20, 2025, Vietnam's entertainment sector saw the announcement that the Vietnam Cycle Expo 2025, a major international event for bicycles, electric bikes, and accessories, will return to Ho Chi Minh City in August. This expo will coincide with the Vietnam Sport Show 2025, an international exhibition on town and outdoor entertainment, expected to attract over 20,000 visitors. This highlights a growing interest in active lifestyle and outdoor events.
Upcoming Events in Vietnam
Here are some upcoming events in Vietnam for late June and beyond in 2025:
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Nha Trang Sea Tourism Festival: Mid-June 2025, in Nha Trang (Festival, town, Cultural).
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Da Nang International Fireworks Festival (DIFF): Spans several weeks in June and July 2025, along the Han River (Festival, Cultural).
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Vietnam Cycle Expo 2025: August 2025, in Ho Chi Minh City (Exhibition, town).
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Vietnam Sport Show 2025: August 2025, in Ho Chi Minh City (Exhibition, town/Entertainment).
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The Quintessence of Tonkin Show: Ongoing outdoor show in Hanoi, bringing Vietnamese cultural heritage to life (Theater/Cultural).
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Hue Festival: Biennial event in Hue, celebrating Vietnam's cultural heritage through art performances, traditional games, and exhibitions (Festival, Arts, Cultural).
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Tet Nguyen Dan (Lunar New Year): January 2026 (Major National Festival).
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Tet Nguyen Tieu (Lantern Festival): February 2026 (Festival).
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Perfume Pagoda Festival (Huong Pagoda Festival): March 2026 (Festival).
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Mid-Autumn Festival (Tet Trung Thu): August/September 2025 (Festival).
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Hoi An Lantern Festival (Full Moon Festival): October 2025 (Festival).
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Dalat Flower Festival: December 2025 (Festival).
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