<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/11/7/462961_5317826032812284_IFC%20HCM%20City.jpg" alt=""></figure></td></tr><tr><td>The core area of the International Financial Centre on Thủ Thiêm Peninsula, An Khánh Ward, HCM City. — VNA/VNS Photo Hồng Đạt</td></tr></tbody></table></figure>HÀ NỘI — Prime Minister Phạm Minh Chính has instructed ministries and local authorities to accelerate preparations so that Việt Nam’s International Financial Centre (IFC) can begin operations by November 2025.In a directive just signed, the Prime Minister called the IFC a “new and complex task” that requires strong determination, effective coordination, and measurable results. The centre will be developed simultaneously in HCM City and Đà Nẵng as part of Việt Nam’s broader financial reform and digital transformation strategy.Under the plan, the Ministry of Finance will work with other ministries and local governments to finalise a set of decrees guiding the implementation of National Assembly Resolution 222/2025/QH15, issued on June 27 this year, on the establishment of the IFC. These legal documents, expected to be submitted to the Government by mid-November, will define the centre’s governance structure, regulatory framework, and operating principles.The proposed model includes a national steering committee headed by the Minister of Finance, the central bank governor, other key officials, and the leaders of HCM City and Đà Nẵng, supported by one executive body overseeing two branches – one in HCM City and another in Đà Nẵng – along with a supervisory agency to set common standards and an international dispute resolution mechanism.The IFC is envisioned to operate on a digital and AI-driven platform, ensuring high transparency, competitiveness, and open access for both domestic and foreign participants. It will allow full integration among banking, finance, investment, and trade activities while maintaining regulatory oversight aligned with global standards.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/11/7/462962_5317827339676681_%C4%90%C3%A0%20N%E1%BA%B5ng.jpg" alt=""></figure></td></tr><tr><td>Aerial view of central Đà Nẵng, one of the two planned locations for Việt Nam’s International Financial Centre. — Photo vneconomy.vn</td></tr></tbody></table></figure>The Government will also simplify administrative procedures for licensing and registration, replacing unnecessary pre-licensing approvals with stronger post-licensing monitoring systems.The legal framework will be designed to match international norms, clearly separating domestic and offshore activities while allowing cross-border cooperation and technology transfer, especially in financial management and smart governance.HCM City and Đà Nẵng authorities are tasked with creating the most favourable working and living conditions for international investors and experts, including benefits in healthcare, insurance, education, and culture. They are also required to prepare physical and digital infrastructure to enable the IFC to go live as early as November 2025.Local governments must identify and nominate qualified professionals – both domestic and foreign – to work at the centre by November 20, and publicly announce investment incentives to attract global financial institutions and fintech firms.The Government Office will monitor progress and report directly to the Prime Minister, while Deputy Prime Minister Nguyễn Hoà Bình will oversee coordination and resolve emerging issues.The IFC is expected to serve as a key platform for global capital flows, financial innovation and digital finance development, supporting Việt Nam’s ambition to become a regional financial hub. — BIZHUB/VNS

Prime Minister Phạm Minh Chính has instructed ministries and local authorities to accelerate preparations so that Việt Nam’s International Financial Centre can begin operations by November 2025.

Việt Nam aims to launch international financial centre by November 2025

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/11/7/462975_5317841175251225_PMI.jpg" alt=""></figure></td></tr><tr><td>Operations at the stamping workshop of Xuan Hoa JSC&nbsp;in Phú&nbsp; Province.&nbsp;— VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — Singapore’s The Business Times on November 6 hailed Việt Nam as ASEAN’s foremost next-generation trade hub, attributing the achievement to the country’s robust manufacturing base and sustained export expansion.The report noted that the Vietnamese Government is intensifying investment efforts to advance ambitious reform agendas and realise its growth objectives for 2026.According to the article, Việt Nam’s growing competitiveness relative to other countries in the region is helping to fuel its rise as one of the top global manufacturing powerhouses.The country’s position was recently bolstered by its ranking as the second-most promising next-generation trade hub, behind the United Arab Emirates, in a report released on November 5 by Allianz Research. The Germany-headquartered trade analysis team credited Việt Nam’s rise to its surging exports, which solidify its role at the centre of Asia’s manufacturing re-route.The report said the country’s increasing number of free trade agreements, lower labour costs and diversified export basket have all contributed to its growing influence. In addition, Việt Nam is benefiting from broader regional shifts, such as the offshoring of manufacturing from China and the regionalisation of trade.Despite a challenging global economic environment marked by rising tariffs, shifting supply chains and geopolitical tensions, Việt Nam’s export sector has remained resilient. Merchandise shipments rose 17.5 per cent year on year to US$42.1 billion in October.In the first 10 months of 2025, Việt Nam’s total exports and imports climbed 16.2 per cent and 18.6 per cent, respectively. However, on a month-on-month basis, merchandise exports last month contracted by 3.5 per cent in seasonally adjusted terms – a sign that higher US tariffs are beginning to weigh more heavily on Việt Nam’s economy.Adam Ahmad Samdin, an economist at Oxford Economics, noted that export growth next year remains at risk from potential additional US sectoral tariffs. However, he said the impact could be partly offset by sustained demand for artificial intelligence-related infrastructure, expected to continue into 2026.Meanwhile, Việt Nam’s manufacturing sector showed signs of strengthening at the start of the fourth quarter of 2025. In October, the Vietnam Manufacturing Purchasing Managers’ Index (PMI) from S&amp;P Global rose sharply to 54.5 from 50.4 in September. The improvement reflects faster growth in output and new orders, including a rebound in export orders for the first time in a year.Tourism has also been a bright spot for Việt Nam’s economy this year. International arrivals surged by 22.1 per cent year on year to 1.7 million in October, following a 19.5 per cent rise in September, reflecting growing interest in Việt Nam as a tourist destination.“Tourism should continue to support domestic spending,” said Samdin, though he believes momentum in private consumption has peaked as inflation-adjusted wage growth slows.Việt Nam’s inflation rate eased to 3.25 per cent in October 2025, down slightly from a three-month high of 3.38 per cent in the previous month. Disbursed state budget investment in October surged by over 29 per cent year on year, maintaining strong momentum from Q3. Meanwhile, the 10th session of the National Assembly has proposed a fiscal deficit of 4.2 per cent of gross domestic product for next year, up from 3.1 per cent in 2024, signalling a firm commitment to higher public spending to support growth.Foreign investment is also flowing into Việt Nam at a rapid pace. From January to October, foreign direct investment (FDI) increased by 8.8 per cent year on year to $21.3 billion, the highest level for any 10-month period since at least 2007.Additionally, FDI pledges – representing future inflows – grew by 15.6 per cent to $31.52 billion, indicating strong investor confidence in Việt Nam’s long-term economic outlook. — VNA/VNS

Singapore’s The Business Times noted that the Vietnamese Government is intensifying investment efforts to advance ambitious reform agendas and realise its growth objectives for 2026.

Việt Nam emerges as ASEAN’s leading next-generation trade hub

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/11/6/457271_CH1.jpeg" alt=""></figure></td></tr><tr><td>Nighttime view of an illuminated Nguyễn Huệ pedestrian square in HCM City. VNA/VNS Photo</td></tr></tbody></table></figure>HCM City, Việt Nam’s economic locomotive, is rolling out an ambitious plan to transform itself into a premier international shopping destination by 2030.As the country’s gateway for trade, finance and innovation, it hopes to harness its dynamic retail market, strong logistics network and vibrant tourism sector to anchor the service economy and compete with regional shopping hubs like Bangkok, Singapore and Kuala Lumpur. Trade and services remain the city’s key pillars, accounting for around 60 per cent of its economy.Despite global challenges such as slowing demand and a volatile logistics situation, the domestic market has shown impressive resilience. In the first nine months of 2025, the value of retail sales and services in the city rose by 15.3 per cent year-on-year, with full-year growth expected to reach 18 per cent.The city's Department of Industry and Trade forecasts turnover for the full year to be around VNĐ1.68 quadrillion (US$66.4 billion).Food, beverages and essential goods make up around 31 per cent of consumption, while household equipment and electronics account for over 21 per cent, reflecting the rising spending power of the city’s young, tech-savvy population.Local firms have adapted quickly to post-COVID supply disruptions by diversifying import sources, investing in cold-chain logistics and expanding e-commerce. Major retail players such as Saigon Co.op, Wincommerce, AEON, Central Retail, and MM Mega Market are broadening their networks while working with city authorities to stabilise prices and ensure steady supply.Through stronger producer-distributor links, the city aims to reinforce supply chains, promote domestic products and secure a sustainable growth base.The city’s Price Stabilisation Programme, now in its 23rd year, remains a key tool for maintaining market balance during major shopping seasons such as the Lunar New Year. In 2025, more than 5,000 retail outlets, supermarkets and convenience stores are participating, offering 20–50 per cent discounts on over 40,000 products.The programme helps stabilise prices of essential goods such as rice, cooking oil, meat, vegetables, and dairy, easing inflationary pressure and supporting low-income households.Beyond traditional promotions, HCM City is also encouraging green and responsible consumption, use of biodegradable packaging, reduction in plastic waste, and eco-friendly logistics. Retailers are urged to adopt energy-efficient lighting, optimise cold storage and introduce eco-label products.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/11/6/457273_CH3.jpg" alt=""></figure></td></tr><tr><td>The Landmark 81 stands as a new icon of HCM City’s vibrant retail landscape. VNA/VNS Photo</td></tr></tbody></table></figure>“Consumers now care about sustainability as much as price and convenience,” Nguyễn Nguyên Phương, deputy director of the Department of Industry and Trade, said.“Our goal is to make responsible consumption part of daily life.”Tourism, transport driving retail expansionTourism is also a key driver of retail growth. The city targets 10 million international and 40 million domestic visitors this year, and tourism revenues to achieve double-digit annual growth.Shopping is being integrated into tour packages, and high-end malls are cooperating with travel agencies to design tailor-made “shopping tours”.Streets such as Đồng Khởi, Nguyễn Huệ and Lê Lợi are being upgraded to blend modern retail, dining and entertainment. New commercial centres are emerging in Thủ Đức City and along Nguyễn Văn Linh and Phạm Văn Đồng boulevards, expanding shopping zones beyond the downtown core.A central part of the city’s vision is connecting the retail sector with the transport network to enhance access for both locals and visitors.The completion of Metro Line No 1, linking Bến Thành Market with Suối Tiên Theme Park, will be pivotal in shaping future urban commerce. The city plans to integrate metro stations with nearby shopping complexes, public plazas, and pedestrian areas to create seamless retail experiences.Major stations such as Bến Thành, Opera House, and Thảo Điền are expected to become “transit shopping hubs”, allowing passengers to combine commuting and leisure in one trip. This model, known as transit-oriented development, is a global trend that reduces congestion, cuts emissions and promotes efficient land use by developing high-density, mixed-use zones around transport corridors.According to the city's Department of Planning and Architecture, new mixed urban-commercial areas will be prioritised in Thủ Đức, District 7 and Bình Tân, which will host shopping centres, logistics hubs and residential towers connected by metro, bus and ring road networks.“HCM City must evolve beyond its downtown core,” Lê Hoàng Châu, chairman of the HCM City Real Estate Association, said.“Linking commerce with transport will decentralise economic activity, ease pressure on central districts and create new growth poles.”Such integration supports the city’s transition toward a multi-centre metropolis, a model that balances economic vitality with livability and environmental resilience.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/11/6/457272_CH2.jpg" alt=""></figure></td></tr><tr><td>Customers enjoy shopping at a modern retail complex in downtown HCM City, a symbol of the city’s growing consumer confidence. VNA/VNS Photo</td></tr></tbody></table></figure>Building a world-class service economyBut turning the city into an international shopping hub requires more than just expanding retail space. Authorities are therefore strengthening the service ecosystem that supports modern consumer experiences, including finance, banking, insurance, IT, healthcare, education, and professional services.The financial sector, which accounts for nearly 10 per cent of the city’s economy, is being developed as a gateway for global capital flows. Cashless transactions now account for over 70 per cent of total retail payments, while cross-border e-commerce and fintech innovations aim to make shopping more convenient for both locals and visitors.The city is also upgrading its logistics infrastructure to meet booming e-commerce demand. Smart distribution centres and cold storage facilities are being developed in Củ Chi, Bình Chánh and Nhà Bè to reduce delivery times and costs.These investments strengthen competitiveness and advance the city’s green supply chain strategy.Traditional markets, long a cultural backbone of southern trade, are being modernised. Bến Thành, Bình Tây and Tân Định markets are being renovated to preserve their heritage while adopting digital billing, traceable origin systems and improved hygiene practices.Authorities hope these iconic markets will continue to attract visitors seeking authentic Vietnamese shopping experiences.Economists emphasise that the city’s success will depend on balancing investment, urban planning and social inclusion.“The key is to harmonise high-end retail with traditional community markets,” Nguyễn Thị Thu Trang, a lecturer at the University of Economics HCM City, said.“A truly vibrant shopping destination must reflect both local identity and global standards.”The city plans to grow the service sector so that it makes up 65 per cent of the economy by 2030.As Việt Nam deepens global integration, HCM City’s expanding service economy is expected to play a leading role in shaping national competitiveness. A strong retail and service ecosystem will not only boost economic resilience but also improve people’s quality of life.With its expanding infrastructure, innovative business environment, and youthful consumer base, HCM City is moving steadily toward its vision of becoming one of Asia’s top shopping and lifestyle destinations. VNS

The city hopes to harness its dynamic retail market, strong logistics network&nbsp;and vibrant tourism sector to anchor the service economy and compete with regional shopping hubs like Bangkok, Singapore and Kuala Lumpur.

HCM City aims to become international shopping hub

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/31/460753_5309788764477305_Siemens%20HQ.jpg" alt=""></figure></td></tr><tr><td>Siemens headquarters in&nbsp;Munich. —&nbsp;Photo courtesy&nbsp;of the company&nbsp;</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— A&nbsp;resilient energy supply should be the top governmental&nbsp;priority among infrastructure transition goals, according to the Siemens Infrastructure Transition Monitor 2025.The&nbsp;study reveals that senior executives and government officials now view national energy independence and proactive management of climate risks as rapidly growing priorities.&nbsp;These findings reflect growing concern over global instability and its impact on energy markets and supply chains. As the use of energy becomes increasingly intertwined with geopolitics, governments are shifting their focus toward strengthening security, independence&nbsp;and preparedness alongside continued efforts to mitigate climate change.Based on a survey of 1,400 senior leaders across 19 countries, the report highlights a clear evolution in global energy strategy: moving from a multilateral pursuit of clean energy toward one rooted in national resilience and regional production. The study&nbsp;finds that energy resilience is now seen as a critical enabler of the clean energy transition – not a trade-off against it.“The infrastructure transition is entering a new phase whereby national&nbsp;energy security goals are overtaking global collaboration on decarbonisation," said&nbsp;Matthias Rebellius, managing board member of Siemens AG and CEO of Smart Infrastructure."As systems face mounting climate and energy disruptions, resilience is no longer optional -- AI, technology&nbsp;and digitalisation are now critical to this shift. They can empower organisations and governments to manage the complexities of renewable-based systems, ensure reliability&nbsp;and accelerate the clean energy transition to be smarter and more sustainable.”&nbsp;— &nbsp;VNS

Based on a survey of 1,400 senior leaders across 19 countries, the report highlights a clear evolution in global energy strategy: a move from a multilateral pursuit of clean energy toward one rooted in national resilience and regional production.

Global energy resilience and independence outrank climate goals, Siemens study finds

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/31/461312_5311755801174791_16.png" alt=""></figure></td></tr><tr><td>The entrance of the Autumn Fair 2025 at the Vietnam Exposition Centre in Hà Nội's Đông Anh commune. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — After five days, the first Autumn Fair 2025 has affirmed its position as a major business and networking hub, where domestic and foreign enterprises found opportunities to expand markets, promote products, and showcase the strength of Vietnamese brands.At the industrial equipment pavilion, the booth of Winci Vietnam Co., Ltd. remained busy throughout the event. According to sales executive Trần Hoài Đức, visitor numbers and sales far exceeded expectations, marking a sharp rise compared with previous months.He noted that beyond boosting sales, the fair offered valuable brand exposure and strengthened customer recognition of Vietnamese products, giving the young enterprise greater confidence to scale up its operations and distribution network nationwide.Winci Vietnam specialises in coffee machines for homes, offices and small cafés, priced between VNĐ10 and VNĐ15 million (US$380-570) – a more accessible range than imported brands. Đức emphasised that the company’s greatest gain from the fair was the chance to “sell a brand story” about a Vietnamese business striving to deliver quality, user-friendly products to local consumers.A similarly vibrant atmosphere prevailed at the booth of HTC Co., Ltd., a producer of motorbikes and mechanical equipment. The firm reported hundreds of visitors, including dealers from India seeking import opportunities. Its representatives viewed this as a promising sign, suggesting that the fair not only expanded domestic customer bases but also opened new export prospects.HTC attributed much of its success to the Ministry of Industry and Trade’s professional organisation, which created a structured space for product display, business networking, live-streamed promotion and direct consumer engagement.The company also ran promotional programmes offering discounts of up to two million Vietnam dong on new models and branded gifts to stimulate consumption and strengthen brand visibility. After five days, it achieved about seventy per cent of its sales target and expected to reach full results before the event concluded.Beyond domestic businesses, the fair also attracted international exhibitors. In the agri-food zone, the booth of Kon Khmer Rice Company – a Cambodian rice distributor – drew constant attention.Sales staff Đặng Khoa said the company sold around two hundred–two hundred fifty kilograms of premium fragrant rice daily, noting that many Vietnamese customers returned for repeat purchases. He viewed this as a positive sign for a first-time participant in Việt Nam and expressed hopes for two-way trade cooperation between the neighbouring countries.Khoa said that Cambodian rice, known for its distinctive aroma and texture, caters to consumers seeking new culinary experiences. He added that Việt Nam’s open and quality-conscious market offered promising opportunities for long-term partnership with local distributors and supermarkets.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/MediaUpload/Org/2025/10/31/10202531222424_vn.jpg" alt=""></figure></td></tr><tr><td>Beyond boosting sales, the fair offered valuable brand exposure and strengthened customer recognition of Vietnamese products.</td></tr></tbody></table></figure>Through multiple perspectives, the Autumn Fair 2025 has proved more than a conventional exhibition - it has become a model for modern, sustainable and result-oriented trade promotion.The fair gathered over three thousand booths from across Việt Nam and thirty-four countries, including many small businesses, cooperatives, and traditional craft villages that rarely access large markets.The Autumn Fair 2025 is not merely a trade event but a measure of Vietnamese enterprises’ competitiveness in the era of integration and digital transformation. Each booth represented creativity, adaptability and the growing confidence of Việt Nam’s industrial sector — from coffee machines and domestic motorbikes to imported Cambodian rice — all contributing to a vivid picture of Việt Nam’s evolving trade landscape.Behind this success is the active coordination of the Ministry of Industry and Trade, which has strategically shaped sustainable trade promotion platforms based on exhibitions and e-commerce. The fair also reflects the sector’s broader vision of developing a national “Made in Vietnam” brand rooted in quality, responsibility, and cultural identity. — VNA/VNS

Through multiple perspectives, the Autumn Fair 2025 has proved more than a conventional exhibition - it has become a model for modern, sustainable and result-oriented trade promotion.

Autumn Fair showcases strength of local brands

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/30/455483_bds.jpg" alt=""></figure></td></tr><tr><td>A housing project in Đà Nẵng. Under the Ministry of Construction’s proposal, second-home buyers could borrow up to 50 per cent of the contract value, while those purchasing a third home or more would be limited to 30 per cent. VNA/VNS Photo Hải Âu</td></tr></tbody></table></figure>The Ministry of Construction (MC) has proposed tightening lending rules to curb speculation and cool soaring housing prices, including capping loans for buyers of a second home at 50 per cent of the contract value and 30 per cent for a third home or more.The proposal forms part of a draft government resolution on mechanisms to strengthen market controls and stabilise real estate prices, which the ministry recently submitted for public comment.The draft highlights three key measures: restricting loans for buyers of a second home or more, developing affordable housing and requiring real estate transactions to take place through a State-run trading centre.Under the draft, credit institutions operating in Việt Nam would be required to apply limits on loans for commercial house purchases, excluding social housing units. Second-home buyers could borrow up to 50 per cent of the contract value, while those purchasing a third home or more would be limited to 30 per cent.The ministry also proposed that all real estate transactions be carried out through the State-managed online real estate and land-use rights trading centre to improve market transparency and curb speculation. The centre would serve as an electronic platform connecting relevant parties in transactions while monitoring and authenticating deals.Provincial and municipal People’s Committees (administrations) would be required to allocate at least 30 per cent of commercial housing projects planned for 2026–30 to affordable housing.Developers of affordable housing projects would receive certain incentives, including direct selection without bidding and streamlined procedures. These projects would be allowed a maximum profit margin of 20 per cent of total investment, including land use fees.Homebuyers under lease-to-own contracts at these projects would not be permitted to transfer or resell their properties, in line with existing regulations aimed at preventing speculation.The draft comes amid soaring property prices and growing concerns over speculation and affordability in major cities, as well as the need for healthy market development.Housing prices outpace incomesAccording to the MC, housing prices in cities such as Hà Nội and HCM City have risen sharply, far outpacing household income growth.In HCM City, apartment prices have more than doubled since 2018, reaching up to VNĐ120 million (US$4,700) per square metre in the third quarter of this year.In Hà Nội, prices of villas and townhouses have risen by 22–29 per cent annually, with some projects climbing by as much as 60 per cent.By comparison, household incomes have grown by only 6–7 per cent per year, making homes increasingly unaffordable, particularly for middle- and low-income earners.“Such increases are driven by speculation, unclear planning information and land hoarding rather than real housing demand,” the ministry wrote.The ministry cited statistics showing that total outstanding loans in the real estate sector reached VNĐ3.99 quadrillion, up 14.6 per cent from the end of last year and accounting for nearly 23.3 per cent of total credit in the economy, with a bad debt ratio of 2.44 per cent.Of these figures, housing loans accounted for the largest share at 57.3 per cent, up 16.7 per cent; land-related loans 20 per cent, up 10.7 per cent; real estate business loans 13.8 per cent, up 18.3 per cent; and tourism, resort and hospitality real estate 3.1 per cent.The real estate market structure is highly imbalanced, according to the ministry. While mid- and high-end segments are abundant, affordable, social and rental housing remain in short supply.At the same time, speculation and land hoarding have been fuelling price increases across many localities, particularly following announcements of new infrastructure or planning projects, which create negative impacts on the market.Meanwhile, regulatory tools such as taxation, credit policy, urban planning, and land pricing remain inconsistent and have failed to keep pace with market developments.“The consequence is that many people, especially labourers, young workers and civil servants in urban areas, face increasing difficulty in buying homes,” the ministry wrote.The issuance of the resolution introducing measures to control and stabilise real estate prices had become pressing to promote stable and healthy market development, while also safeguarding social welfare and macroeconomic stability, the ministry stressed.The ministry also said the draft was developed with reference to international experience in major markets such as Singapore, South Korea, China, Germany, and the US.The real estate market exerts a significant influence on the macroeconomy and is closely linked to the financial and banking system as well as social security, according to the ministry.When property prices become unaffordable, supply-demand imbalances can arise, posing threats to financial stability and social equality.In many countries where housing prices surged beyond affordability, governments have implemented policies to regulate prices, ensure accessibility, control credit, and maintain sustainable growth.Debate over credit curbsRestricting lending for purchases of second homes might help curb speculation but could also dampen long-term investment flow and reduce overall market liquidity, said Giang Huỳnh from real estate services firm Savills HCM City.Tightening credit in a market already struggling with prolonged supply shortages could further worsen existing challenges, Huỳnh said, adding that rising housing prices in recent years stemmed mainly from legal bottlenecks and rising costs rather than short-term speculation.He suggested that the focus should be on speeding up project approvals and removing legal obstacles to unlock supply, while supporting demand through higher incomes and expanded preferential credit for low- and middle-income earners.While curbing housing price increases is essential, it must be carried out with caution because not all markets are overheated, Nguyễn Vũ Cao, chairman of Khang Land, said.Blanket credit restrictions or taxation policies that do not distinguish buyers or regions could undermine market momentum, he warned.Đinh Thế Hiển, an economic expert, said that flexibility was important and that credit tightening must go hand in hand with the development of transparent corporate bond markets and policies for first-time housing purchases.According to Phạm Thế Anh, head of the Economics Department at the National Economics University, real estate has been an attractive investment channel in Việt Nam for decades, pushing housing prices far beyond income growth.Many countries use tools to control credit flow into the real estate market, such as loan-to-value ratios, debt-to-income limits, and credit growth limits.Credit control should be combined with targeted taxation on short-term speculative trading, such as progressive taxes on multiple property ownership and regressive taxes on short holding periods.Lê Xuân Nghĩa, another expert, said that credit control would be necessary but should not be the only solution and could not be applied indefinitely.Việt Nam’s biggest housing problem was not pricing but the shortage of homes for low- and middle-income earners.“The sustainable answer is to expand affordable housing supply,” Nghĩa said. VNS

Under a draft solution, three key mechanisms are raised, including restricting loans for buyers of second home or more, reserving at least 30 per cent of housing projects for affordable homes and requiring real estate transactions to be conducted through a trading centre.

Government moves to cool soaring housing prices

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/24/459366_5305738392777644_PM%20CHINH.jpg" alt=""></figure></td></tr><tr><td>Prime Minister Phạm Minh Chính and South African President Matamela Cyril Ramaphosa at the Việt Nam – South Africa Business Forum in Hà Nội on October 24. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — Prime Minister Phạm Minh Chính and South African President Matamela Cyril Ramaphosa attended the Vietnam – South Africa Business Forum in Hà Nội on Friday afternoon.The event also saw the participation of ministers, leaders of Government agencies, and 200 business delegates from both countries.After more than 30 years of establishing diplomatic relations, the Việt Nam – South Africa “Partnership for Co-operation and Development” has been steadily developing. Economic and trade cooperation is a key pillar of this relationship. Bilateral trade in 2024 reached US$1.72 billion. VietnamViệt Nam mainly exports electronics, phones and components, textiles, footwear, and agricultural products to South Africa, while importing fruits, wood, minerals, and chemicals.As of July 2025, South Africa had 20 ongoing investment projects in Việt Nam with a total capital of $0.88 million, ranking 109th among 151 countries and territories investing in Việt Nam. Meanwhile, Việt Nam had four investment projects in South Africa totaling $8.86 million, ranking 45th among 84 countries and territories where Việt Nam invests abroad.At the forum, discussing potential, strengths, and co-operation needs, businesses from both sides recognised that Việt Nam – South Africa economic and trade cooperation still has significant room for development. Opportunities exist in renewable energy, green energy, finance, climate, e-commerce, banking, science and technology, innovation, and tourism.Both sides proposed effective implementation of the Inter-Governmental Partnership Forum mechanism and the Việt Nam – South Africa Joint Trade Committee; actively exchanging measures to promote bilateral economic cooperation through potential export products, coordinating in addressing market access-related problems, and promoting cooperation in areas of strength such as energy, mining, sustainable use of resources, infrastructure development, climate change mitigation, supporting industries, oil and gas services, and fisheries.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/24/459368_5305739035892371_vietnam-south-africa-business-forum-2.jpg" alt=""></figure></td></tr><tr><td>PM Phạm Minh Chính addresses the Việt Nam – South Africa Business Forum in Hà Nội on October 24. VNA/VNS Photo</td></tr></tbody></table></figure>Speaking at the forum, PM Chính welcomed President Matamela Cyril Ramaphosa and South African delegates and businesses to Việt Nam. He stated that in a meeting with the South African President, both sides outlined directions, programmes, and objectives for cooperation, emphasissing that citizens and businesses are the main actors in realising these goals.Regarding Việt Nam’s development after 80 years of independence and more than 40 years of reform, Prime Minister Chính noted that Việt Nam has transformed from a poor, backward agricultural country devastated by war to one of the 32 largest economies in the world, with a projected GDP of around $510 billion in 2025. Its average per capita income is about $5,000, placing Việt Nam in the upper-middle-income group. Việt Nam is among the top 20 trading economies, with total import-export turnover in 2025 expected to exceed $900 billion.The country aims to enter an era of strong development and prosperity and achieve two centennial goals: becoming a country with modern industry and upper-middle income by 2030 and a high-income developed country by 2045.To achieve these development goals, Việt Nam targets double-digit growth in the coming years, viewing domestic resources as fundamental, strategic, long-term, and decisive, and foreign resources as important and breakthrough, he said, adding the country focuses on three strategic breakthroughs: institutions, infrastructure, and human resources.According to the leader, Việt Nam’s development relies on science, technology, innovation, digital transformation, green economy, digital economy, circular economy, sharing economy, and international integration.It identifies the state economy as the main, the private sector as the most important driving force, and foreign investment as an indispensable component, he said, noting the country aims to expand its maritime presence, exploit terrestrial resources, and advance into space.With the approach of “state enabling, businesses pioneering, public and private sector going together,” PM Chính emphasised that the governments of both countries should promote institutional improvement, sign free trade agreements, protect investments, implement open visa and labour policies, and build seamless infrastructure. Meanwhile, businesses must take the lead in promoting economic cooperation and investment through concrete projects, he added.The Prime Minister stressed that Việt Nam is committed to ensuring the legitimate rights and interests of businesses, political stability, social order and safety, and a transparent legal framework, creating a peaceful, creative, and friendly environment for investors under the spirit of “harmonised benefits, shared risks,” and “together work, enjoy, win, and develop.”Based on bilateral relations, he called on businesses from both countries to fulfill the historic mission of connecting enterprises, economies, and cultures, turning cooperation potential into concrete projects that contribute to prosperity, well-being, and happiness in each nation, as well as peace, cooperation, and development regionally and globally.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/24/459369_5305739564845894_south.jpg" alt=""></figure></td></tr><tr><td>South African President Matamela Cyril Ramaphosa speaks at the Việt Nam – South Africa Business Forum in Hà Nội on October 24. — VNA/VNS Photo</td></tr></tbody></table></figure>The South African President expressed his pleasure at visiting Việt Nam to exchange with Vietnamese leaders on promoting cooperation in all areas, including economy, trade, and investment; strengthening bilateral relations to elevate them to a new level; addressing global issues; and demonstrating commitment to multilateralism, international solidarity, peace, and sustainable development.He stated that Việt Nam and South Africa are natural partners, with relations proven over time, sharing similarities in history, culture, and ideology, aimed at fostering long-term friendship and co-operation.Regarding global challenges affecting each country, President Ramaphosa emphasised that both Việt Nam and South Africa hold strategic regional positions - South Africa as a gateway to Africa and Việt Nam as a gateway to Southeast Asia.According to him, Việt Nam has potential and strengths in electric vehicle manufacturing, battery production, renewable energy, digital transformation, electronics, textiles, rice, coffee, and seafood. Meanwhile, South Africa has natural advantages in fruits, wine, livestock, fisheries, mining, automotive production, and infrastructure.Admiring Việt Nam’s achievements, the guest noted that significant untapped potential remains. Businesses from both countries should promote cooperation, technology transfer, and supply chain development in areas of strength and expand into new fields such as clean energy transition, education, training, science, technology, innovation, and digital transformation. Additionally, both countries’ rich culture and beautiful landscapes create opportunities for tourism and cultural exchanges.President Ramaphosa confirmed South Africa’s commitment to reducing trade barriers and improving the legal framework for protecting investments. He encouraged Vietnamese businesses to seize opportunities, tap potential, and establish co-operation with South African businesses through concrete contracts, projects, and programmes. —VNS

Việt Nam is committed to ensuring the legitimate rights and interests of businesses, political stability, social order and safety, and a transparent legal framework, creating a peaceful, creative, and friendly environment for investors under the spirit of “harmonised benefits, shared risks,” and “together work, enjoy, win, and develop.”

Vietnamese PM, South African President attend joint business forum

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/24/459361_5305734496180760_1146057b-c3c4-492f-ad30-e287b7bd4781.jpg" alt=""></figure></td></tr><tr><td>&nbsp;</td></tr></tbody></table></figure>&nbsp;HCM CITY — TCC Group in Việt Nam and its member companies, including the Saigon Beer–Alcohol–Beverage Corporation (SABECO), have made a joint contribution through the Central Committee of the Việt Nam Fatherland Front (VFF) to support recovery efforts in areas severely affected by the recent Typhoons Bualoi and Matmo.The support includes both financial assistance and essential goods, prepared and distributed by MM Mega Market Vietnam – one of TCC Group’s member companies in Việt Nam. The total contribution from TCC Group and its member companies is VNĐ3.6 billion, including VNĐ3 billion donation previously announced by SABECO on October 16, reflecting the collective commitment of TCC Group and its members to stand with affected communities across Việt Nam.&nbsp;This VNĐ3 billion contribution demonstrates SABECO’s spirit of solidarity and commitment to stand together with Vietnamese people during challenging times. Besides the donation, SABECO also initiated meaningful activities under its “150 Years Living Legacy” campaign to spread the spirit of empathy and unity across the nation. This includes the “Wall of Unity” under the “Legacy on the Move” activity series, featuring the signature red double-decker bus – a symbol of connection that brings communities together and fosters a shared spirit of solidarity and care.Hà Thị Nga, Vice President of the VFF Central Committee, said: “VFF sincerely appreciates the meaningful and noble gesture of TCC Group, SABECO, and its member companies. This is a valuable support that reflects the Vietnamese tradition of solidarity and mutual assistance, always standing together and helping one another in times of difficulty. We deeply value and thank TCC Group and SABECO for the timely support, especially the on-ground assistance provided to the people of Nghệ An. This act of compassion exemplifies a strong sense of social responsibility from major economic corporations such as TCC Group and SABECO, which not only contribute to Việt Nam’s economic development but also uphold their commitment to the community. We hope that TCC Group and SABECO will continue to accompany VFF, not only through this activity, but also through future community and social programs that create meaningful and lasting impact.”&nbsp;Trần Kim Nga, Member of the Board of Directors of SABECO, representative of TCC Group in Việt Nam, said: “Sustainable development, along with a strong commitment to social responsibility, is one of our core operational principles. Responding to the call for action from the Government of Việt Nam to support localities affected by recent storms, our member companies are honoured to contribute both in-kind and financial assistance to help alleviate the hardships faced by affected communities. Within the group, we have also made every effort to ensure the safety and preparedness of our employees before, during, and after the storms. TCC Group has long been active in social and community initiatives in Việt Nam, and we remain committed to further strengthening these efforts to make an even greater contribution to the country.”&nbsp;“Echoing the spirit of empathy and togetherness, SABECO remains steadfast in our commitment to grow hand in hand with Việt Nam, not only by building a strong and sustainable business, but also by contributing to the well-being and living quality of the communities we serve. These efforts reflect SABECO’s long-standing commitment to thriving as one with the Vietnamese people. Through this support, we hope that the affected areas will recover quickly and overcome the challenges caused by the recent storms,” said Lester Tan, SABECO’s General Director.Việt Nam is one of the key markets in TCC Group’s business strategy and long-term development plan. Through its member companies, the Group has been investing and operating in Việt Nam for over 30 years, with a total investment of over US$6 billion. Its portfolio of member companies in Việt Nam includes SABECO, MM Mega Market Vietnam, Frasers Property, Melia Hotel Joint Venture, and Me&nbsp;Linh Point Tower Joint Venture, among others.&nbsp;With business operations spanning multiple sectors, TCC Group and its member companies have directly and indirectly created employment for approximately 20,000 Vietnamese workers. In addition to its business activities, the group has been actively contributing to society in meaningful ways, focusing on key areas such as the environment, education, and community development. Over the years, alongside providing timely aid to those affected by&nbsp;disasters and epidemics, TCC Group and its members have also partnered with the Vietnam Red Cross Society to organize community-based disaster preparedness and response training for teachers and students in Central Việt Nam.&nbsp;—&nbsp;VNS

The total contribution from TCC Group and its member companies is VNĐ3.6 billion

TCC Group and SABECO donate VNĐ3.6 billion for post-storm recovery

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/23/456908_5296834093944492_IMG_3188.jpg" alt=""></figure></td></tr><tr><td>HCM City is set to spearhead the transformation of the Southern Key Economic Region into a dynamic economic and financial hub of Southeast Asia. VNS Photo Nguyễn Diệp</td></tr></tbody></table></figure>As the country’s southern growth engine, HCM City is set to play a pivotal role in transforming the Southern Key Economic Region into one of Southeast Asia’s leading centres for economy, finance, commerce, and innovation.Under the Government’s Resolution 306 issued on October 5 which adjusts the National Master Plan for the 2021–2030 period, with a vision toward 2050, the city will play a central role in driving regional and national growth, aiming to become a global financial hub and a nucleus for science, technology, and digital transformation.The country’s overarching goal is to become a developing country with a modern industrial sector and high middle-income status by 2030.The economy is targeted to grow at an average annual rate of over 8 per cent during 2021–2030, with per capita GDP expected to reach around US$8,500 by 2030.The Southern Key Economic Region is being developed along National Highways 22, 13, 1, and 51, the Western North–South Expressway, and Ring Road 4, which passes through HCM City and the provinces of Đồng Nai and Tây Ninh.HCM City serves as the primary growth pole of this vast development corridor.In the post-2030 period, the Government plans to study the expansion of this regional hub to further enhance connectivity and competitiveness.The region is tasked with spearheading the country’s transformation into a modern, innovation-driven economy.It will lead in finance, services, healthcare, education, high-quality human resource development, science and technology, and the digital economy.A major highlight is the establishment of an international financial centre in HCM City, envisioned as a leading global financial hub that will strengthen the country’s position in the global financial network and act as a catalyst for sustainable national growth.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/23/456909_5296834334164254_IMG_3241.jpg" alt=""></figure></td></tr><tr><td>HCM City takes the lead in driving innovation, finance, and digital transformation across the Southern Key Economic Region. VNS Photo Nguyễn Diệp</td></tr></tbody></table></figure>Digital economy pushThe resolution calls for the development of robust digital infrastructure and data systems to support national digital transformation.This includes fostering a digital government, digital economy, and digital society, with the digital economy expected to contribute around 30 per cent of GDP by 2030.Efforts will focus on developing an innovation ecosystem anchored in HCM City, promoting research, startups, and high-tech industries.Strong development is planned for financial services, banking, science and technology, and logistics, ensuring the city remains at the forefront of global integration.While HCM City leads the southern region, the resolution also outlines development orientations for other key growth hubs.The northern hub, centred around Hà Nội, will focus on innovation, high-quality human resources, and the digital economy.The central hub, led by Đà Nẵng, will drive development along the central coastal corridor.The Mekong Delta hub, anchored by Cần Thơ, will strengthen connectivity with expressways and seaports to boost agricultural modernisation and logistics.The north central coast hub, including Thanh Hóa, Nghệ An, and Hà Tĩnh, is set to become a national centre for refining, petrochemicals, and emerging high-tech industries such as semiconductors and AI.Balanced regional growthThe resolution also sets out guidelines for developing the national urban-rural system, spatial distribution of key sectors, and national technical infrastructure, ensuring balanced and sustainable development across all regions.Under the plan, the Southern Key Economic Region will encompass areas along National Highways 22, 13, 1, and 51, the Western North–South Expressway, and Ring Road 4, which passes through HCM City and the provinces of Đồng Nai and Tây Ninh, with HCM City positioned as the primary growth pole.In the post-2030 period, studies will be conducted to expand the region’s scope.The region is envisioned to lead the nation — and become one of Southeast Asia’s foremost centres — in the fields of economy, finance, commerce, services, healthcare, education and training, high-quality human resource development, science and technology, innovation, and digital transformation.It will focus on building a robust innovation ecosystem, pioneering new growth models, and accelerating the development of a digital economy and digital society.Strong development is also planned for financial services, banking, science, technology, and logistics.An international financial centre will be developed in HCM City, aiming to make it a leading global financial hub that enhances Việt Nam’s standing in the global financial network while driving sustainable economic growth.In addition to the southern hub, the resolution outlines the establishment of other key growth regions nationwide.The Central Key Economic Region will include the coastal localities of Huế, Đà Nẵng, Quảng Ngãi, and Gia Lai, with Đà Nẵng serving as the main growth pole.The Mekong Delta Key Economic Region will encompass Cần Thơ City and the provinces of An Giang, Vĩnh Long, and Đồng Tháp, with Cần Thơ as its core.The resolution reaffirms the Government’s goal of leveraging regional strengths to promote balanced national development, while building modern infrastructure, fostering innovation, and positioning Việt Nam as a dynamic economy with a high middle-income status by 2030. VNS

Under the adjusted National Master Plan for the 2021–2030 period, with a vision toward 2050, the city will play a central role in driving regional and national growth, aiming to become a global financial hub and a nucleus for science, technology, and digital transformation.

HCM City to spearhead Southeast Asia’s next economic and financial hub

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TNH99 Vietnam joint stock company is a multi-sector investment management company. Currently, TNH99 focuses on media, marketing, real estate, health care, F&amp;B and trading. TNH99 Vietnam always defines the customer benefits as the core value in it’s development strategy. We have been incessantly inovating, creating new values, complying with, committing to respect and consistently enforcing the common principles of conduct that make up TNH99 culture. Each member of TNH99 Vietnam has so much enthusiasm, devotion. They understand that interests of the company as well as its customers and social responsibility are focused.TNH99 currently has over 26 subsidiaries and affiliates throughout the country. At TNH99, more than 300 employees, experienced professionals, industry-leading experts, senior advisors and an open knowledge system provide a solid foundation for sustainable development.PRINCIPLES OF OPERATIONFollowing the "for human development" philosophy, TNH99 constantly searches and researches the needs of human and social trends. With the visionary leadership and management as well as young and professional staff, we are constantly growing and affirming our brand in the fields in which we operate in the Vietnamese market.CORE VALUESPeople are the most important resource, helping to create the values and differences of TNH99. They have the knowledge, qualifications and experience that are constantly accumulated and developed.The employees of TNH99 also have the unique characteristics of the Vietnamese people and industries. They always unite, strive towards professionalism, absorb and behave appropriately in communication with customers.Besides, leadership capacity is a key factor that helps TNH99 plan and successfully implement the sustainable development goals, promote the use of advanced management systems and tools, make accurate and timely decisions.Orientation to improve social responsibility, value management is applied at TNH99 to create a culture of effective work, productivity and quality. These values ​​are shared by TNH99 leaders and staff with partners and customers.TNH99 is committed to behave and operate with the following values: Efficiency, Quality, Straightforward, Enthusiastic, Professional.QUALITY POLICY:Meet the needs and satisfy customers by the highest quality of organization and service;Regularly research, apply and develop advanced technology to improve product quality, service and competitiveness in the field of operation;Identify and provide sufficient resources to ensure effective implementation of the quality management system.DEVELOPMENT ORIENTATIONWith a joint-stock operating model, we are still consistent with the tagline "We grow business", in which the principle of human resource development is an important step, governance is an important phase and promoting corporate culture is a regular task. Oriented solutions and services of TNH99 helps businesses to create sustainable added values ​​for people.We are committed to providing the most effective and practical services for Vietnamese businesses and the world for sustainable joint development.We always keep in mind, cherish and create products that constantly meet the expectations of the business community.We behave and cooperate based on civilized values ​​while promoting the cultural identities of VietNam.

About Us

In more than 15 years of establishment and development, with prestigious brands such as the Institute for Brand Strategy and Competition (BCSI), Vibiz, Vmark, Aaker,... and hundreds of media channels, we have affirmed our position as one of the pioneers and prestigious units in the field of market research, marketing consulting, communications, advertising and event organization in Vietnam. With a strategic vision and an experienced creative team, we provide comprehensive communication solutions, helping businesses not only reach the right customers but also build sustainable brand value in the public mind. The modern media industry requires a combination of content strategy, technology and the ability to understand consumer behavior. We provide a closed service ecosystem, including: - Market research and brand health - Consulting and building integrated communication strategy (IMC) - Creative content production (TV, digital, OOH, POSM, corporate films, TVC ...) - Management and implementation of multi-channel advertising campaigns: from traditional press to digital platforms such as Facebook, YouTube, TikTok, Google ... - Internal branding and brand communication services - PR - Press communication and media crisis handling With the orientation of "communication is not only to be known, but to be trusted", we always focus on the depth of the message, personalization and the ability to connect the brand with the target customers. In addition to communication capacity, we are a leading event organizer, with more than 1,000 large and small events held nationwide. We provide services from concept, design, production to full operation, including: - Marketing campaigns - Product launch, opening ceremony, anniversary celebration - Customer conferences, seminars, international forums - Activation, roadshow, exhibition, trade fair - Cultural, artistic and community CSR events Each event we organize is designed as a vivid communication story, where the brand is not only introduced, but also felt, loved and remembered. Our strength lies not only in our ability to organize or create content, but also in our ability to think about comprehensive communication strategies. We understand that in the digital age, brands cannot "shout loudly" but must "say the right thing, do the right thing and touch the emotions". With a team of experienced experts in marketing, communications, content production, art and digital technology, we are a trusted partner in the journey of building strong brands, winning public trust and promoting business growth.

Communication

In the digital age, information technology is not only a tool to support operations but has become the backbone of business development strategies. Realizing that, TNH99 has developed information technology services as a strategic pillar, providing comprehensive digital solutions for organizations and small and medium enterprises in Vietnam. TNH99 specializes in consulting and implementing digital transformation roadmaps from the root - starting from assessing the current state of operations, analyzing needs, to building digital systems suitable for the characteristics of each industry. We do not provide "ready-made" technology products, but focus on designing flexible, customized solutions according to reality, to ensure effective implementation and sustainable operation. One of TNH99's outstanding strengths is software development in the fields of medical health care, building management and operation, data mining, social listening. These systems are capable of linking internal data, real-time reporting and expanding integration with other platforms such as accounting systems, electronic invoices, banks or online payment gateways. In parallel with the management software, TNH99 also owns a team of experts in designing and operating business websites, e-commerce platforms and landing page platforms dedicated to marketing campaigns. All are built with a friendly interface, SEO standards, fast loading speed, multi-device compatibility and high security. In addition, TNH99's e-commerce solutions also support order management, customers, shopping carts, online payment integration and effective remarketing tools. In terms of infrastructure, TNH99 provides comprehensive IT system management solutions, from server setup, internal or cloud storage systems, to LAN setup, surveillance cameras, remote operating systems. In particular, information security and safety services are one of the top priorities, with encryption tools, periodic backups and access monitoring to protect business data from increasing cyber risks. For businesses that do not want to invest in their own IT team, TNH99 provides IT Outsourcing services - hiring technology experts periodically or by project. From daily technical support, system maintenance, troubleshooting, to training internal staff to use technology systems, we ensure professionalism - quick response - cost savings while still ensuring stable operating quality. All of TNH99's information technology services are built on 4 core principles: understanding the problem correctly - designing a custom solution - flexible implementation - long-term companionship. Not only a service provider, TNH99 wants to become a strategic technology partner of businesses on the journey of sustainable development.

Infomation Technology

We are a pioneer in providing comprehensive F&amp;B solutions, from restaurant operations, event organization, catering to importing and distributing high-end culinary specialties, including wine and imported food from famous regions around the world. With the philosophy that cuisine is a bridge between culture and life experience, TNH99 is committed to bringing customers satisfaction in every dish, every glass of wine and every moment of service. Professionally operated culinary - F&amp;B service chain: - KKAVENUE member company with a multi-style La Fontaine restaurant chain: from traditional Vietnamese dishes to modern fusion menus, youthful design space, international standard service. - Catering: serving family parties in a cozy and private space at private homes and villas, ensuring food safety, reasonable nutrition, and standard operation. - Event party - catering service: organizing full package wedding parties, birthdays, conferences, opening ceremonies... with flexible menus and attentive service. Importing - distributing high-end specialties and wines: Brandx member company is a direct importer and exclusive distributor of many high-end product lines serving the sophisticated culinary market: - Imported wines and beverages: from France, Italy, Chile, Australia, America,... with a diverse portfolio from regular wines to premium lines (Grand Cru, DOCG, Reserva...). - Regional specialties and high-end ingredients: such as European cheese, cold cuts, local spices, organic foods - supporting restaurant chains and distributors. - Gift baskets, high-end culinary gifts: designed according to the holiday season, combining the quintessence of Vietnamese and international cuisine - both luxurious and meaningful. We commit to: - Quintessence of raw materials - input standards: strictly selected, clear origin, meeting international safety standards. - Continuous innovation - flexible according to needs: meeting diverse individual, organizational and corporate customers. - Consistent service quality: whether it is a meal or a glass of wine at a high-end party, TNH99 focuses on the final customer experience. - Sustainable development - responsible business: minimizing F&amp;B waste, developing a clean supply chain, prioritizing high-quality Vietnamese goods.

Our Expertise

In TNH99's multi-industry development strategy, the real estate sector plays an important role in creating long-term value for the community and investors. Established as a member company, Allard Homes was born with the mission of becoming a professional, humane and sustainable real estate management and development unit, focusing on modern - sophisticated - livable housing products and urban projects. Allard Homes operates on the foundation of combining creative development thinking and international standard implementation capacity. With a team of experienced experts in the fields of planning, architecture, construction and finance, Allard Homes participates comprehensively in the process of market research, master planning, architectural design, construction and project management.From nursing homes, health care centers, eco-villas to synchronous urban areas, Allard Homes always focuses on three core factors: Construction quality - Investment value - Living experience. Each project is not just a real estate product, but a living ecosystem: a harmony between utilities, landscape, architecture and future residential community.In particular, Allard Homes prioritizes participating in the development of projects following the trend of "green and smart real estate", integrating standards of energy saving, green space, smart management and long-term after-sales services - contributing to the sustainable development of Vietnamese urban areas.With financial support, a multi-industry ecosystem and operational capacity from TNH99, Allard Homes not only creates high-quality real estate products, but also opens up opportunities for transparent, effective and long-term investment cooperation for strategic partners, individual and institutional investors.

Real Estate

With a distinguished heritage spanning over a decade in healthcare excellence, TNH99 Vietnam Joint Stock Company established the Medpharin Institute for High-Tech Pharmaceutical Research and Development — a pioneering institution dedicated to delivering optimal, bespoke health solutions through the harmonious integration of advanced biomedical technology and the enduring wisdom of traditional medicine.&nbsp;Complementing this foundation, TNH99 has thoughtfully cultivated a comprehensive healthcare ecosystem through a portfolio of esteemed subsidiaries. Peacelife Vietnam specializes in the production and distribution of premium herbal remedies and functional supplements, preserving and revitalizing Vietnam’s rich tradition of medicinal herbs. In parallel, My Health Vietnam stands at the forefront of digital healthcare innovation, developing intelligent m-Health platforms, AI-powered medical applications, gene sequencing technologies, family healthcare management solutions, and precision medicine services — all committed to fostering a proactive, health-literate community while elevating the global stature of Vietnamese healthcare.&nbsp;Building upon this legacy of holistic well-being, TNH99 made a visionary expansion into the luxury wellness and beauty sector with the founding of Éclat Vietnam — the exclusive owner and operator of Éclat Wellness &amp; Spa. Conceived as a sanctuary of refined beauty and restorative tranquility, Éclat Wellness &amp; Spa masterfully unites advanced therapeutic techniques, state-of-the-art technology, and an opulent, resort-style ambiance. Nestled within Hanoi’s prestigious Diplomatic Corps area — a modern, well-appointed neighborhood offering easy connectivity to the city’s major residential and commercial hubs — Éclat Wellness &amp; Spa offers an exquisite, timeless beauty experience through a portfolio of meticulously curated, five-star personalized services across three signature domains: Spa – Massage – Hair &amp; Nail. Every moment within Éclat is an invitation to celebrate individual beauty, nurture inner harmony, and embrace the art of gracious living.

Với hơn một thập kỷ hoạt động trong lĩnh vực chăm sóc sức khỏe, TNH99 đã thành lập Viện Nghiên cứu và Phát triển Dược phẩm Công nghệ cao (Medpharin), cung cấp các giải pháp tối ưu, cá nhân hóa, kết hợp giữa công nghệ hiện đại và tinh hoa y học truyền thống. Song song với đó, Tập đoàn cũng phát triển hệ sinh thái chăm sóc sức khỏe thông qua các công ty thành viên. Công ty Peacelife Việt Nam chuyên sản xuất và phân phối thực phẩm chức năng và các sản phẩm chăm sóc sức khoẻ từ thảo dược, đặc biệt là các sản phẩm từ cây thuốc Nam. Bên cạnh đó, TNH99 đầu tư Công ty My Health Việt Nam, tiên phong ứng dụng công nghệ thông tin vào y tế, phát triển các nền tảng m-Health, giải pháp số hóa, trí tuệ nhân tạo, giải trình tự gen, chăm sóc sức khoẻ gia đình và y học chính xác, với sứ mệnh xây dựng cộng đồng khỏe mạnh, chủ động và từng bước nâng tầm vị thế người Việt trên trường quốc tế.Dựa trên nền tảng vững chắc đó, TNH99 tiếp tục mở rộng lĩnh vực wellness &amp; beauty với sự ra đời của Éclat Việt Nam — đơn vị sở hữu và vận hành thương hiệu Éclat Wellness &amp; Spa. Đây là chuỗi điểm đến làm đẹp toàn diện, kết hợp liệu pháp trị liệu chuyên sâu, công nghệ tiên tiến và không gian nghỉ dưỡng đẳng cấp. Éclat Wellness &amp; Spa mang đến trải nghiệm làm đẹp vượt thời gian và thư giãn tuyệt đối thông qua hệ thống dịch vụ cá nhân hóa chuẩn 5 sao, tập trung vào 3 lĩnh vực chính: Spa – Massage – Hair &amp; Nail.