So, why is it so difficult to recruit a good president for Vietnam's stability and growth?

In the past 20-months: Nguyen Xuan Phuc, Vo Van Thuong, Vo Dinh Hue, Nguyen Xuan Mai, Nguyen Phu Trong, To Lam, Luong Cuong... occupied Vietnam presidencies.

The calendar is dizzying in between deaths, resignations, dismissals and other nominations of high ranking Vietnamese presidents 'the 4 pilars'.

• 19-july-2024 Death of Nguyen Phu Trong, The Pilar, 1st general secretary of the Communist Party of Vietnam since 2011
• 22-May-2024 Nomination of Mr To Lam as president to replace Vo Van Thuong
• 2-may-2024 Trần Thanh Mẫn replaces Mrs Trương Thị Mai
• May-2024 Trương Thị Mai is nominated to replace Mr Vương Đình Huệ as president of the National assembly. But she refuses and request to quit all her high responsibilities in the politburo and the Vietnmam central party
• On 26 April 2024, another pilar, Mr Vuong Dinh Hue, president of the National assembly resigns.
• Elected on 2-mar-2023 Why did Vietnam new president Vo Van Thuong resign after one year on 20-march 2024?is the question everyone asks.

In the coming 18-months, to January 2026 National Party Congress for the new elections of the 2026-2030 national assembly, politburo and the 4 pilars to rule Vietnam. The fight for first secretary seat is available for immediate leadership, for interim to jan-2026 and/or internal feuds as what is going on since Covid-19.

We will write more on what are the 'Unique party' internal fighting forces, but more importantly how those internal forces freezes Vietnam development.

NURTURING From an early age communist party youth association to vietnam president

The communist youth of Vietnam is educated from elementary school on up to understand and live the values that President Ho Chi Minh delivered. Following this path they can become city top officials, secretary of the province, minister all the way up to the top 4 positions: currently Nguyễn Phú Trọng, 1st secretary of the party and politburo, Prime minister Phạm Minh Chính, chairman of the National Assembly Mr Vương Đình Huệ and the President Vo Van Thuong.

What is it that the youth are attracted to today?

• Youth attraction for consumption: goods, services, sex, drugs, addiction, higher education including in politics, expat lifestyle 
• Youth attraction for money, business and political power, go private or go foreign young man
• Youth and the power of Now: Today not Tomorrow the TNT ads says. In the age of selfie and instant delivery of Lazada or Grab, try to find any youngster interested in deferred gratification when the elder in power steps down when he reaches 65+, which means a loooong 35+ years wait!

RECRUITING president Vo Van Thuong with Ethics, Brain and Energy after Nguyen Xuan Phuc eviction and Tran Dai Nghia sudden death

When recruiting for a top position what you know is less important than who you know inside the apparatus. Who you know outside the party may become your achilles heel. For instance, best friend or married to a foreigner (or assimilated to) is a no-no to climb up the ranks. And of course, the salary and perks are meager dont attract the most ambitious talents. The best jump out to the private sector and let their politician friends inside, benefiting their network outside the low and rigid government salary scale.

• The doi moi can not happen, clean-up stalinian style is not possible as you would need to go top-down and sideways, and of course generational family screening… as you are expected to co-opt (bad mouth call it cronyism) but you should pay respect to the elders and show gratitude to the ones whom you destitute but still invited you to share part of their power some times ago, if you remember well.
• Experience is your enemy as you may have succumbed to tempting offers or donations ‘you can not refuse’. When eligible at the tender age of 55+ you probably have a long experience from the teenagers ranks of the PC youth to various city, region and ministry power of stamping licenses and authorizations. 
• When the salary at the end of a career is 1200$/month for a minister, it is impossible to attract talents willing to wait until you retire (or die as the top positions in the party have no age limit): any sane HR manager would give up. The saying goes ‘pay peanuts, get monkeys’. In a land of opportunity where everything is for grab for pioneers and entrepreneurs most Vietnamese with brain and energy goes private, let alone the famous business blood flowing naturally in any Vietnamese 

TRAIN the leader to climb up the rungs of from, party first secretary of Quang Ngai province, all the way up to President of Vietnam without succumbing to corruption temptation over the years

To be trained in the virtues of the party takes a long time. Preaching ethical conduct also takes lengthy hours of provincial, public and national assembly gathering. One of the most difficult and time consuming parts is advocating for growth with a very meager budget. Of course, leaders have to deal with sustainable development in Vietnam where infrastructures are poor, that includes the University higher education backwardness that explains Intel, NVidia and hi-tech powerhouses snail pace.
How under those circumstances, can a visionary leader emerge to lead Vietnam into AI, semicon, clean energy and sustainable development?

• As you climb up in power and travel, the temptation is great to be part of the many pleasures of the consumers world: from dinner at Salt Bae restaurant to owning a ferrari… not the best role model when the GDP per person  is 385$/month
• Paraphrasing Donald Trump, ‘as you are going to think anyway, think big’ As you have the power (of stamping authorizations), you may as well stamp big for you, for your family and friends in that order. A party leader needs daily training in order to avoid temptation to favor its tribe.
• Once you are in the place, you need training to stay aligned with the party, the leader, its decisions (regardless of anything), his family, his friends, his mentors inland, his godfathers abroad, the ever changing laws, the dissonant procedures, the pushbacks by civil servants, reaching 5-year plans targets with no budget etc… again difficult not to cross the multiple lines.

RETAIN & REWARD When a Vietnam President or minister salary only reaches a meager maximum salary of US$1200-to-1500/month at career’s end, the ‘dire need for money is the source of all evils’.

In the past 5-years 3 presidents exited after 30, 22 and 12 months in tenure instead of the usual 5-years renewable. In Vietnam, the President used to be a laid back straw man job, it has become a risky job at an average 1 year and 9 months in position. 

Whether the resignation of president Vo Van Thuong is a continuation of Mr Nguyen Phu Trong soon age 80, first secretary, ‘blazing furnace’ to eradicate corrupt officials or internal feud -taking the opportunity to weaken further old Mr Trong- to destitute his recently appointed protege, the problem is not who will take over to take the vacant seat of president.

The real question is who will take over the Vietnam central party after Mr Trong with the power and visionary leadership to take on the 21st century challenge of moving Vietnam above the low-middle income countries.

The mainly U35 generation -Educated, ambitious and hitech connected- is more than ready. 

• The authorized rewards are traveling and accommodation is Economy plus. If you are invited you can go wild, but you don't have the budget to reciprocate.
• You have Full power as long as ‘me and you stay in power’ and aligned 
• Then at retirement age, you can get extended play with privilege, as we will invite you to the league of party lifetime untouchables, in Buddha parlance, you reach ‘enlightenment’ after years of pure practice.

GAFAM Nvidia Asean tour Q2-2024

Google	Apple	Facebook	Amazon	Microsoft	Nvidia
Malaysia	Indonesia	Singapore	Singapore	Indonesia +Malaysia	Indonesia

SPEED IN DECISION: We process data professionally, and Vietnam is not conducive to AI and tech unicorns

5-Apr-2024: Nvidia/Indosat plan $200 million investment in Indonesia AI center.

17-apr-2024 Apple CEO Tim Cook says ‘we’re investing’ in Indonesia

18-Apr-2024 Apple to invest more than $250 mln to expand Singapore campus

30-Apr-2024: Microsoft to Invest $1.7 Billion in Indonesia for AI, Cloud

2-may-2024 Microsoft announces US$2.2 billion Malaysia investment to fuel the cloud and AI transformation

7-may-2024 Amazon to invest $9bn in Singapore to boost cloud computing

14-May-2024 Meta/Facebook/Whatsapp invest US$1Bn in Singapore data center 

30-may-2024 Google pledges $2 billion investment in Malaysia as Big Tech splurges on Southeast Asia spending

4-jun-2024 Google completes expansion of US$5Bn in Singapore data center and cloud region

4-jun-2024 Nvidia CEO to increase investment by US$790mio in Taiwan, build 2nd supercomputer in Taiwan

Finding a ‘Silicon Valley spirit’ and lifestyle in Vietnam: We are not digital nomads looking for an everything-cheap environment.

Digital Nomads love Vietnam, but high-flyers with top jobs in demand worldwide like AI, financiers, or researchers would give Vietnam a 5.8/10 rating, based on an InterNations survey.

There are 5 main categories to rank a country for lifestyle living when it comes to high-profile expats with skills in demand worldwide: surgeons, researchers, artists, sportsmen, tech gurus, etc…

Waiting for a Vietnam Visa-free for people and services, plus  top tech infrastructure services

Freedom of thought and information is fundamental to researchers' work. Naturally, this includes ease of travel and exchange. When you're accustomed to receiving red-carpet greetings due to your valuable contributions to science and the tech economy, visas and lengthy work permits seem medieval to tech gurus.

This summer, Vietnam suffered from tap water shortages and electricity cuts for a few hours each day. The sensitivity and precision of semiconductor technologies cannot afford such failures in basic public services. Doubling their investment to secure factory production is not an option when countries like Vietnam face challenges such as the HCMC subway, which started back in 2008 and may reach the 20-year mark for completion, or incidents like the 15th of June when 3 out of 5 submarine network cables were damaged, significantly disrupting internet connectivity for users across Vietnam

Vietnam's recent inclusion of leaders above 60 from the Ministry of Interior Police and the Military into the Politburo to oversee national affairs contrasts sharply with the mindset of data scientists. Stringent controls and policing of data and ongoing research are diametrically opposed to the DNA of the hi-tech business world.

In AI, the gathering and manipulation of data are crucial. The only acceptable controls should revolve around protecting privacy and confidentiality, akin to the EU GDPR regulations. Politically motivated rulings, algorithms, and biases have no place in managing medical or personal data, which the AI industry heavily relies upon.

IP rights laws and their enforcement are integral to the tech business landscape, ensuring the protection of startup founders and researchers. Unfortunately, Vietnam lacks a proven track record in this crucial area.

Furthermore, for tech unicorns, access to IPOs and capital markets is paramount. This includes having a tradeable currency, streamlined IPO and stock purchase processes, a transparent stock market, and well-regulated capital markets. However, recent CEO visits coincided with the severe financial issues at Van Thinh Phat Real Estate and SCB Banking, highlighting deficiencies in capital market supervision. This situation ultimately led to a US$25 billion bailout by the State Bank of Vietnam. Initially estimated at US$12.5 billion in embezzlement as of April 2024, this figure doubled during subsequent court proceedings in May

In conclusion, AI & technology visionaries visited Vietnam but did not find visionary leadership.

While neighboring countries like Malaysia focus on ICT (InfoComm Tech), Singapore pursues AI ambitions, and Indonesia commits to digital economy infrastructure and education for the 21st century.

CEOs of GAFAM and Nvidia visiting Vietnam encountered mere lip service and regressive leadership practices. Consequently, they swiftly redirected their substantial investments from China to ASEAN neighbors in a decisive move in Q2 2024.

We await the offerings of the new 2026-2030 politburo. For now, Silicon Valley investments have flowed to neighboring countries committed to advancing tech with government support aligned in a unified direction

Related readings: Foreign business chambers of commerce led the charge to get The ease in work permit and e-Visa issuance 

Jobs and Work opportunities in Vietnam 2023

Estimated reading time: 4 minutes

Insights into Working Effectively in Vietnam

To thrive in Vietnam's business landscape, it's crucial to grasp the local mindset and work culture. This article explores five key mindsets among Vietnamese workers in various environments, revealing insights into their work attitudes and approaches to rewards.

The Varied Paces of Vietnam's Economy

Vietnam's economy functions at five distinct speeds, influenced by a blend of local and global factors. These speeds reflect diverse working environments, including the government sector, private enterprises, and foreign companies. Gaining a clear understanding of these economic dynamics is essential for achieving success in Vietnam's business landscape.

The 5 Personae in Vietnamese Business

1. The Frozen Civil Servant: A Career Without Incentives

Starting their career at an early age with a modest salary of around $250 per month, the frozen civil servant secures lifetime employment through cooptation. By retirement at age 60, their income ranges from $400 to $1,400 per month for a minister, supplemented by food and transportation allowances. However, this stability comes at a cost—there’s little to no incentive to work harder or improve performance. In fact, resistance or delays in processes often create opportunities for bonuses, encouraging quicker approvals or "stamping the paperwork." This system highlights the challenges of productivity in such roles.

2. The Local Private Company Employee: Challenges in Performance and Incentives

Like frozen civil servants, local private company employees are also driven by incentives. However, these bonuses are often distributed privately and are limited by boundaries set by employers or clients. Favoritism—whether toward family members or specific employees—can undermine a performance-driven company culture.

Additionally, private companies often hire large numbers of workers with low starting skill levels, which makes significant salary increases across the board financially unfeasible. Culturally, Vietnamese employees value wage uniformity, as it helps maintain social harmony and avoids the embarrassment of salary comparisons within the workplace. These factors combine to create a challenging environment for fostering performance-based growth.

3. The Fast and Furious Oligarch: Vietnam’s Privileged Tycoons

In Vietnam, the "fast and furious oligarch" represents a unique category of businessperson granted immense privileges—essentially a “license to monopoly”—within one or multiple sectors. These individuals must move quickly to maximize profits during their limited “term,” typically lasting 2 to 5 years, as dictated by political circumstances.

During this window, they aim to achieve extraordinary results, often aspiring to billionaire status.

These oligarchs frequently enter industries they have little or no expertise in, leveraging their "carte blanche" access to secure business licenses and bypass red tape that would normally take competitors months or years. However, their business acumen often falls short in three key areas: developing a long-term international perspective, strategic recruitment planning, and sound corporate financing. Their short- to medium-term focus frequently leads to dead ends or fleeting successes, which may impact their suppliers and partners.

For those working with such oligarchs, the experience can be unpredictable. Unless the billionaire in question has a visionary approach, their autocratic decision-making—sometimes influenced by questionable advisors, including geomancy or feng shui masters—can create a volatile business environment.

More significantly, their privileges often stem from unsustainable sources, such as family connections, political ties, or bribery of influential figures. With Vietnam’s recent crackdown on corruption through rigorous anti-graft campaigns, these advantages are increasingly under threat, further challenging the longevity of their success. This lack of enduring "business skills" poses a significant risk to both their enterprises and those who depend on them.

4. The Foreign Company Employee: High Salaries and Job-Hopping Tendencies

In Vietnam, working for a foreign company often comes with a significant salary premium, typically 30% to 100% higher than local standards—sometimes even more. This is largely due to English fluency, which is seen as a key qualification, even if other, more skilled Vietnamese professionals without English proficiency outperform them. This trend is not unique to Vietnam but can be observed across Asia.

To understand this career trajectory, simply visit a Grade A office building in any major Asian city or dine with corporate professionals of different ages. Their career paths typically follow a predictable progression: from fresh graduate to manager, culminating in a "lifetime achievement" farewell event. After retirement, many settle into a quiet life of gardening or golfing, depending on how high they climbed the corporate ladder.

While foreign company employees often possess a baseline of workplace ethics instilled through education, their loyalty to employers can be fragile. A mere 15% salary increase from a competitor is often enough to entice them to switch jobs, regardless of their actual performance or skill level. This tendency for frequent job-hopping poses challenges for long-term team building and sustained organizational growth.

5. The nostalgic peasants: The Post-Tet Exodus: When City Workers Return to the Countryside

This phenomenon is uniquely Vietnamese and occurs frequently after Tet holidays or during economic downturns—whether sector-specific or global. When urban life becomes too challenging, some workers, particularly migrants from the countryside, decide to leave the city behind and return to their rural roots

These individuals often succeed in the city due to their intelligence, determination, and courage. However, their connection to their "quê hương" (hometown), with its simpler lifestyle and familial support, always lingers in their minds. A triggering event—such as workplace conflict, inability to cope with inflation, or a disappointing Tet bonus or salary increase—can prompt them to leave. For some, the Tet holiday serves as a convenient time to make a semi-permanent or permanent exit from the urban "rat race."

By ghosting their jobs and stepping away from the stresses of urban business life, they return to their family homes, free of rent and financial pressures. Although the rural lifestyle may involve lower income, it offers the chance to help the family, enjoy a slower pace of life, and avoid the stress and burnout associated with city living. For them, it may not be paradise, but compared to the struggles of city life, it’s an escape they’re willing to embrace—even if it means others can "go to hell.

In conclusion:

By ghosting their jobs and stepping away from the stresses of urban business life, they return to their family homes, free of rent and financial pressures. Although the rural lifestyle may involve lower income, it offers the chance to help the family, enjoy a slower pace of life, and avoid the stress and burnout associated with city living. For them, it may not be paradise, but compared to the struggles of city life, it’s an escape they’re willing to embrace—even if it means others can "go to hell.

Risk in Asia has written extensively about Vietnam, even into the shady subjects of what is illegal, such as prostitution and gambling. With Valentine’s Day upon us it is no surprise that RIA looks at the darker side of building romantic relationships in Vietnam… and the risks that it can expose young and fearless expats.

Navigating the Perils of Online Dating in Vietnam

In the digital age, online dating platforms have become the modern-day cupid, connecting people from across the globe. However, for expats venturing into the romantic landscape of Vietnam, the pursuit of love through apps like Tinder can sometimes lead down a treacherous path, marked by scams and financial pitfalls.

Will , a young expat in his twenties, found himself embroiled in a cautionary tale during his early days in Vietnam. His encounter with a charming Tinder match quickly turned sour when what seemed like a promising rendezvous spiraled into a financial trap.

"It was my second day in Vietnam, and I didn’t know anyone here. I met a charming-looking girl on Tinder. After a few exchanges, which seemed totally normal to me, she suggested that I go to an electro club in the center of the city," recalls Will.

Excited at the prospect of a romantic evening, Will agreed and found himself at a convenience store near the nightclub, waiting to meet his date, Sara . However, as they entered the establishment, Will noticed Sara’s Tinder profile had vanished, signaling a red flag.

"As soon as we arrived inside, a man jumped on us and seated us in a sort of VIP room. I asked for two glasses of champagne, but they refused the request," Will recounts.

What ensued was a high-pressure situation where Will felt coerced into ordering an overpriced bottle of champagne, under the watchful eye of his date and club staff. The evening quickly soured as Will realized he was being scammed, prompting his hasty exit from the club.

Will’s ordeal is not an isolated incident. Reports abound of similar scams targeting unsuspecting expats and tourists in Hanoi's nightlife scene. Victims recount tales of being lured into overpriced establishments by attractive companions, only to be pressured into exorbitant purchases.

The prevalence of such scams has prompted vigilance among the expat community, with online platforms like Reddit serving as forums for sharing cautionary tales and identifying potential scammers. Subreddits dedicated to exposing Tinder fraudsters and listing scam-ridden establishments serve as invaluable resources for newcomers navigating Vietnam's dating scene.

Expats in Vietnam Should Exercise Caution

While Tinder remains a popular choice for meeting new people, expats are advised to exercise caution and employ preventive measures when using online dating services in Vietnam. Some precautions to consider include:

Verify Profiles 

Before meeting in person, verify the authenticity of profiles to mitigate the risk of encountering fraudulent accounts. Verifying profiles is an essential step in safeguarding oneself against potential scams and fraudulent activities in the realm of online dating, particularly in a foreign country like Vietnam. Here are some strategies to enhance the verification process:

Social Media Cross-Check

Many individuals link their social media accounts, such as Facebook or Instagram, to their dating profiles. Take the time to cross-reference information provided on the dating profile with their social media presence. Look for consistency in details like photos, interests, and personal information. Additionally, assessing the activity level and the number of connections/friends can provide insights into the legitimacy of the profile.

Reverse Image Search

One common tactic employed by scammers is to use stolen or stock photos to create fake profiles. Conducting a reverse image search using tools like Google Images or TinEye can help determine if the profile picture has been used elsewhere on the internet. If the same image appears on multiple profiles with different names or details, it's likely a red flag indicating a fraudulent account.

Request Video Calls or Real-Time Photos

To further verify the identity of the person behind the profile, consider requesting a video call or real-time photos. While this may seem like an intrusive request, genuine individuals interested in building a connection will likely be open to the idea as it demonstrates mutual trust and transparency.

Ask Specific Questions 

Engage in meaningful conversations and ask specific questions about their background, interests, and experiences. Inconsistencies or evasiveness in responses could indicate that the individual is not genuine or may be hiding something.

Meet in Public Places

Opt for public venues when meeting a potential date for the first time to ensure safety and minimize the likelihood of falling victim to scams. Meeting in public places serves as a crucial safety measure when initiating face-to-face encounters with individuals met through online dating platforms, particularly in unfamiliar territories like Vietnam. Here's an expansion on why opting for public venues is imperative:

Safety in Numbers

Public venues, such as cafes, restaurants, or parks, offer a populated and neutral environment conducive to safe interactions. The presence of other people provides a sense of security and reduces the risk of encountering potentially harmful situations.

Visibility and Accountability

Meeting in public places ensures visibility and accountability for both parties. In the event of any untoward incidents or misconduct, there are witnesses and potential sources of assistance readily available. This can act as a deterrent to individuals with malicious intentions and provide recourse in case of emergencies.

Neutral Ground

Choosing a public venue for the first meeting establishes a neutral ground that is comfortable for both parties. It eliminates any potential power dynamics associated with meeting in private spaces and fosters a sense of equality and mutual respect.

Ease of Exit

Public venues offer the flexibility for either party to leave the encounter at any time without feeling trapped or obligated to stay. This empowers individuals to prioritize their safety and well-being without fear of repercussions or pressure to continue the interaction against their will.

Minimization of Scam Opportunities

Scammers often exploit private settings to manipulate and deceive their targets. By meeting in public places, individuals can minimize the likelihood of falling victim to scams, such as coercion into making expensive purchases or divulging personal information.

Cultural Considerations

In a country like Vietnam, where cultural norms and expectations may differ from those in Western societies, meeting in public places demonstrates respect for local customs and traditions. It also ensures that both parties feel comfortable and secure within the parameters of societal norms.

Trust Your Instincts

If a situation feels suspicious or uncomfortable, trust your instincts and prioritize your well-being over social expectations. ​Trusting your instincts is a fundamental aspect of self-preservation, especially in the context of online dating in a foreign country like Vietnam. Here's an expansion on why listening to your intuition is paramount:

Gut Feeling as a Survival Mechanism

Evolutionarily, humans have developed instincts as a means of self-preservation. These instincts manifest as gut feelings or intuitive reactions to situations, often serving as early warning signals of potential danger or discomfort. Ignoring these instincts can leave individuals vulnerable to harm or exploitation.

Heightened Awareness in Unfamiliar Environments

Being in a foreign country can amplify feelings of vulnerability and uncertainty. In such contexts, it's essential to remain vigilant and attuned to one's surroundings. If a situation or individual raises suspicions or triggers feelings of unease, it's crucial to acknowledge and respect those instincts as valid responses to perceived threats.

Social Expectations vs. Personal Safety

In the pursuit of romance or companionship, there may be pressure to conform to social expectations or norms, even at the expense of personal safety. However, prioritizing social expectations over instinctual cues can lead to potentially dangerous or compromising situations. It's essential to recognize that one's well-being should always take precedence over societal pressures or romantic aspirations.

Red Flags and Warning Signs

Trusting your instincts involves recognizing and heeding red flags or warning signs indicative of potential scams, manipulation, or coercion. These may include inconsistencies in behavior or communication, evasiveness regarding personal details, or pressure to engage in activities that feel uncomfortable or risky. By acknowledging these cues, individuals can take proactive steps to protect themselves from harm.

Empowerment through Self-Advocacy

Trusting your instincts is an act of self-advocacy and empowerment. It involves asserting control over one's own safety and well-being, even in situations where external pressures or expectations may dictate otherwise. By listening to and honoring their instincts, individuals assert agency over their lives and relationships, fostering a sense of autonomy and resilience.

Seeking Support and Validation

It's essential to recognize that trusting your instincts does not equate to acting impulsively or without consideration. Seeking validation from trusted friends, family members, or online communities can provide additional perspectives and support in evaluating potentially risky situations. Sharing concerns and seeking guidance can help individuals make informed decisions that align with their best interests.

Set Boundaries

Establish clear boundaries and communicate openly with potential dates to avoid being coerced into unwanted expenses or activities. Setting boundaries is essential in any relationship, including those initiated through online dating platforms, especially in a foreign country like Vietnam. Here's an expansion on the importance of setting boundaries and effective communication:

Self-Preservation

Setting boundaries is an act of self-preservation and self-respect. It involves recognizing one's limits, preferences, and comfort levels, and communicating them assertively to others. In the context of online dating, establishing clear boundaries helps prevent individuals from being coerced or manipulated into unwanted expenses or activities.

Clarity and Transparency

Clear boundaries provide clarity and transparency in interpersonal interactions. By openly communicating their expectations and limits, individuals set the stage for respectful and mutually fulfilling relationships. This transparency also helps weed out individuals who may have ulterior motives or disregard for the other person's well-being.

Preventing Exploitation

In the realm of online dating, scammers and manipulators may attempt to exploit individuals by pressuring them into making expensive purchases or divulging sensitive information. Setting boundaries serves as a protective measure against such exploitation, as it establishes a framework for acceptable behavior and interactions.

Asserting Autonomy

Setting boundaries asserts an individual's autonomy and right to make decisions that align with their values and priorities. It empowers individuals to assert control over their own lives and relationships, rather than succumbing to external pressures or expectations. This empowerment fosters a sense of self-confidence and agency in navigating the complexities of online dating.

Effective Communication

Effective communication is key to setting and maintaining boundaries. It involves articulating one's needs, concerns, and limits in a clear and assertive manner, while also actively listening to the perspectives and boundaries of others. Open dialogue allows for mutual understanding and respect, reducing the likelihood of misunderstandings or conflicts arising from crossed boundaries.

Flexibility and Adaptability

Boundaries are not rigid rules set in stone but rather flexible guidelines that may evolve over time. As relationships progress and individuals gain a better understanding of each other's needs and boundaries, it's essential to reassess and adjust boundaries accordingly. This flexibility promotes growth and mutual accommodation within the relationship.

Despite the risks, love can still bloom amidst the digital landscape of online dating. By staying vigilant and informed, expatriates can navigate the perils of romance in Vietnam while minimizing the chances of falling prey to scams orchestrated by opportunistic individuals.

As the old adage goes, "forewarned is forearmed," and in the realm of online dating, vigilance is the key to unlocking the door to genuine connections while safeguarding against the pitfalls that lurk in the shadows.

And Happy Valentine’s Day ❤️

The hottest question we receive those days about Vingroup CEO Mr Pham Nhat Vuong, is whether Vinfast EV IPO will be the next Elon Musk Tesla?

For start-ups in tech Venture capitalists like Peter Thiel, Paypal co-founder with Elon Musk, here are the 7 questions testing entrepreneurs before investing in their new business.
Let’s see how Vinfast EV, launched on the Nasdaq mid august 2023 rat out of 7?
As EV carmaking is definitely a tech business from dashboard software to optimize driving to battery duration and refill speed, it is legitimate to ask if a Mr Vuong, a Vietnamese real estate oligarch business 1.0 can make it to lead new EV carmaker 3.0 business to success from a cumulated US$

1- ENGINEERING: Can you create breakthrough technology i/o incremental improvements 10x.

NO as the company was started in 2017 from scratch building their 1st factory in Hai Phong in record timing of 2 years. 

All technologies and automotive used are not proprietary but rented and assembled in Vietnam. To the point the embarked software on the 999 cars shipped to the USA on 25-Nov 2022 were not working properly and this first batch were returned to Vietnam in May 2023 due to software errors not displaying critical safety information on the dashboard as per the U.S. National Highway Traffic Safety Administration (NHTSA).

2- TIMING: Is now the right time to start your particular business

NO as China slashes prices to get EU market share and Tesla also slashed their prices twice in the USA and now in the rest of the world.

As Vinfast attacks the EU and the US market, China enters à price war to get aa big share of EU market and Tesla slashes prices again on its best seller model S and X

3- MONOPOLY: Are you starting with a big share of a small market?

NO as selling cars to GSM taxi (Green and Smart Mobility), a Vingroup CEO Pham Nhat Vuong subsidiary, does not count as sales for the SEC Securities and Exchange Commissions regulating the Nasdaq and protecting investors.

Well literally yes, as Vinfast has 100% of the sales to the new launch GSM (Green and Smart Mobility) EV taxi market in Vietnam, Cambodia and Laos.

The problem is GSM belongs to Vingroup, Pham Nhat Vuong CEO. GSM all 3 markets ‘purchased’ close 50,000 Vinfast cars making the 2023 target figures promised to the Nasdaq IPO investors. 

A class action was started 23-Nov-2023 in NY, USA.  to which all the Vietnamese press insist it is irrelevant

4- PEOPLE: Do you have the right team?

NO as the mercenary recruiting policy to jump the next hurdle may not build the team necessary to the huge challenge of EV and green energy regulations

It is clear that the human resource ‘mercenary recruiting’ approach for quick short-term results to ‘jump the hurdle’ and discard is not the best way to build a long-term automaker with a worldclass and worldwide strong position and branding.

5- DISTRIBUTION: Do you have a way to deliver your products effectively?

NO as the first batch of 999 EV cars shipped from Hai Phong, Vietnam to the USA end Nov-2022 and recalled for security reasons 6-months later is probably the costliest recall of all times in automobile history.

As the example of 999 EV cars shipped 22-Nov-22 and returned to Vietnam for fixing 6-month later on 25-may-2023, it is not optimized one can say. In times of easy money flooding from real estate Vingroup Vinhomes, that was costly but still feasible. The shrinking real estate sales and Vietnamese banks  restrictions on credit and bond issuance will make these maneuvers impossible.

6- DURABILITY: Will your market position be defensible in 10-20 years

NO, With shrinking revenue from Vingroup real estate juggernaut, flagship Vinhomes, how much longer can Vinfast EV lose US$ 1-to-1.5 billion per year?

Most cars are sold to the 100% Vingroup owned child company GSM Xanh taxi.

In the USA, the North Carolina, US$4Bn investment in Vinfast factory is stalled. Some legal class actions have started over misleading business reports to the Nasdaq and deadly accidents involving Vinfast EV.

In Europe, the EV market is fiercely competitive, with Tesla cutting prices by around 20% and Chinese manufacturers following suit with steep price reductions in the U.S. and EU markets. This intense competition has forced Vingroup CEO, Pham Nhat Vuong to shift focus. VinFast is targeting India and Indonesia with high-end EVs, despite limited demand for expensive vehicles from Vietnam in these markets.

7- SECRET: Have you identified a unique opportunity others don't see?

NO, since 2022 official launch of the all-EV strategy, we have not seen any of the EV carmakers problems solved apart from pouring more money into the start-up venture.

If the secret is having unlimited real estate resources to finance a huge cash burning engine and a 4 billion factory to be started in North Carolina, this conglomerate mindset is definitely not a secret sauce that western capitalists adhere to as they dumped funding all conglomerates in the 1980s. Since 2017, founding of Vinfast car manufacturing and 2022 shift to full EV production, how much more beyond US$ 6 Billions cash burnt can Vingroup CEO pour in to stay alive?

Why Vietnam airlines hostesses information are Classified L#0: the ‘Untouchables’ Ambassadors to Vietnam with benefits.

In a recent post we were waiting for more information to keep our readers and the general public informed as to why the usual harsh punishments were not handled - actually we don't know as no information whatsoever is released.

In this article we give you some news of their activities as per foreign press release but also explain why the Vietnam airlines hostesses are considered Vietnam ambassadors with privilege benefits.

Here are some follow-up news:

• 11-aug-2023 police arrest air hostesses prostitution ring for $1000-to-$3000 a night https://dantri.com.vn/phap-luat/nhung-tu-ong-tu-ba-kiem-loi-tu-duong-day-ban-dam-nghin-usd-20230810232003824.htm
• https://thanhnien.vn/chan-tuong-tu-ba-duong-day-tiep-vien-hang-khong-nguoi-mau-anh-ban-dam-ngan-do-185230810222541569.htm
• 7-Sep-2023 South Korean airport arrest 2 air hostesses smuggling drugs https://tuoitrenews.vn/news/society/20230907/two-vietnamese-flight-attendants-held-in-skorea-for-alleged-drug-smuggling/75414.html

Vietnam ambassadors with benefits means:

Powerful political ties and sponsors

The case of the Vietnam Airlines hostesses arrested for drug smuggling earlier this year sheds light on a deeper issue entrenched in the country's socio-political landscape. The selection process for positions within Vietnam Airlines, particularly those with diplomatic and ethical responsibilities, is not solely based on merit but rather influenced by powerful political ties and sponsors.

The hiring practices extend beyond professional qualifications, incorporating a thorough political selection process that considers familial and ideological affiliations. The pedigree of the Vietnam Airlines air crew is known to span up to three generations of communist party ties within their families. This stringent screening process is a testament to the extent of political influence in securing coveted positions.

Notably, the criteria for access to diplomatic education and positions within airlines are limited and reserved for a select few: party members, friends, and families hailing from the northern region of Vietnam, specifically from Hanoi. This geographic specificity further emphasizes the exclusivity of these opportunities, reinforcing the notion that political connections play a pivotal role in shaping career trajectories within the national airline. The implications of such practices extend beyond individual merit, contributing to an environment where personal and political ties can outweigh professional capabilities in crucial sectors of the nation's infrastructure.

A privileged recruit by cooptation and fee payment

Recruitment within this privileged circle is often facilitated through cooptation and, in some cases, involves fee payments, further underscoring the exclusive nature of these opportunities. The educational prerequisites for individuals entering positions with diplomatic responsibilities and representing Vietnam on a global scale include a comprehensive study of Vietnam's culture and history, with an emphasis on political science, diplomatic representation, cultural studies, ideology, and information curriculum.

The selection process for such roles is intricate, considering a combination of factors such as family background, skills, ethical standing, and above all, loyalty to the party. Those chosen for these crucial positions are seen as representatives of the image and reputation of the regime on the international stage. As a result, any form of dissident activities is strictly prohibited, reflecting the government's commitment to presenting a unified front and maintaining a positive image of Vietnam and its people. This approach ensures that individuals in key roles align closely with the political ideology and diplomatic objectives of the ruling party, reinforcing a cohesive narrative and projection of the country's identity.

Vietnam airlines hostesses is a job with invaluable benefits

Working as a hostess for Vietnam Airlines comes with invaluable benefits that extend far beyond the confines of the aircraft. The job opens doors to a world of business and private relationships across the globe, unburdened by explicit political messaging. Vietnam's air crews enjoy perks such as duty-free shopping, and they may explore opportunities like marriage or acquiring a foreign passport/residency, reminiscent of times when geopolitical barriers were more pronounced, as seen in the memories of the Berlin Wall.

Import duties in Vietnam are notably high, with a standard VAT of 10%, while export duties vary from 0% to 40%. Additionally, special sales tax rates range from 7% for certain goods to as high as 75% for luxury items. The term 'hang sach tay,' referring to hand-carried goods, encompasses a range of items such as perfumes, fashion items, luxury bags, mobile devices, high-end audio equipment, and even medicines.

Beyond these visible perks, the air crew benefits from 'diplomatic immunity' and expedited clearance facilitated by powerful mentors, ensuring their transit is smooth and without intrusive inquiries. These hidden advantages add another layer of privilege to the already enticing package of working for Vietnam Airlines.

Part 3 of the ‘Unraveling Corruption in Vietnam - Catch 22’ series

The world of real estate development, in particular the residential construction in Vietnam, is full of high-rise projects and mini apartments that are a billion-dollar business. And plenty of risk.

Unveiling the Shady World of Residential Construction in Vietnam

In recent years, Vietnam's real estate sector has experienced a remarkable boom, with towering high-rise projects and the emergence of mini apartments dominating the landscape. These developments have presented themselves as incredibly profitable billion-dollar opportunities, luring both domestic and foreign investors. The allure of this burgeoning market has led to a surge in construction activities, shaping skylines and transforming cityscapes, seemingly without end.

However, beneath the shimmering facades of these grand projects and the allure of seemingly lucrative investments, there exists a darker underbelly. Allegations of corruption and irregularities have tainted the reputation of Vietnam's real estate industry. These allegations suggest that in the pursuit of colossal profits, some developers, with the assistance of higher-ups, may skirt legal boundaries, leading to unauthorized constructions, questionable practices, and regulatory violations.

This backdrop of alleged corruption and legal gaps casts a shadow over the real estate market, and it carries particular risks for expatriates interested in investing or residing in Vietnam. The dynamics of this thriving sector, while promising, can present a complex and uncertain landscape for those unfamiliar with the intricate nuances of the Vietnamese legal system. Expatriates seeking to establish a foothold in this dynamic Southeast Asian nation face a multitude of challenges, from navigating ambiguous regulations to mitigating the risks associated with potential corruption.

As a result, expats must approach their real estate ventures in Vietnam with caution and a deep understanding of the prevailing circumstances. While the potential for fruitful investments is undeniably attractive, they should be mindful of the potential pitfalls and legal ambiguities that may accompany these opportunities. The need for comprehensive research, local legal expertise, and due diligence cannot be understated, as it is paramount in making informed decisions that safeguard investments and provide peace of mind in this dynamic, yet complex, real estate market.

The Voices of Former Leaders

Pham Quang Nghi's recent statements provide a critical insight into the troubling state of the construction industry in Vietnam. As a former Secretary of the Hanoi Party Committee, Nghi's remarks carry substantial weight, revealing a disconcerting reality within the sector. He underscores a widespread issue that has long been lurking in the shadows of the Vietnamese construction world: developers engaging in unauthorized construction projects with a dubious expectation that they can, in essence, buy their way to legitimacy through fines.

This expectation, though highly questionable and unethical, has become an unfortunate norm within the industry. Developers are well aware of the potential profitability tied to real estate ventures, and they are seemingly willing to push the boundaries of legality to achieve their financial goals. The allure of massive profits provides a powerful incentive for these developers to engage in unauthorized construction activities. They often believe that, even if their projects breach regulations, they can navigate the system by paying fines and thereby legalize their violations. In essence, this practice enables them to transform illegal endeavors into seemingly lawful ones.

The consequences of such practices are profound. They perpetuate a culture of non-compliance, where developers prioritize profit over legality. By running afoul of regulations, they not only risk compromising the integrity of construction projects but also the safety of residents and the structural soundness of the buildings themselves. This approach undermines the very foundations of safety and accountability that should be upheld within the construction sector.

Nghi's observations raise questions about the effectiveness of regulatory oversight and the integrity of the construction approval process in Vietnam. They also spotlight a concerning cycle of perpetuated corruption, where developers resort to bribery and underhanded tactics to achieve their objectives. Such practices can have wide-reaching implications, not only on the construction industry but on the broader society and governance in Vietnam.

The Lure of Residential Projects in Hanoi and Ho Chi Minh

Residential construction has emerged as an irresistible and potentially highly rewarding sector for developers in Vietnam. The appeal lies in the fact that the sale of both mini apartments and high-rise projects can yield substantial and, in some cases, astronomical returns on investment. As a result, it has become a magnet for ambitious real estate companies looking to capitalize on the country's robust housing demand and rapid urbanization.

The lure of colossal profits and the ever-expanding housing market create an environment where developers are often tempted to seek shortcuts and engage in activities that fall outside the boundaries of legality. This environment sometimes fosters a culture where unauthorized constructions and illicit dealings become disturbingly common practices. The pressure to meet profit targets can lead to a willingness to cut corners and sidestep regulations, often at the expense of construction quality, safety, and adherence to legal standards. The mini-apartment fire in Hanoi reminds us of how dangerous it can be.

One of the key factors contributing to this phenomenon is the intense competition in the Vietnamese real estate market, especially in Hanoi and Ho Chi Minh City. With numerous developers vying for a share of the lucrative residential sector, the race to secure prime locations, launch projects quickly, and attract buyers can lead to hasty decision-making. In this frenetic atmosphere, some developers may prioritize their financial gains over adherence to the stringent regulatory requirements.

Moreover, the potential windfall from residential construction projects can create a fertile ground for illicit dealings and unethical practices. The allure of substantial profits may prompt some developers to resort to bribery, collusion with local officials, or other questionable activities to expedite project approvals, zoning changes, or building permits. This behavior can not only compromise the integrity of construction projects but also taint the overall business environment, hindering transparency and accountability.

Expats in Vietnam Caught in the Crosshairs

For expats living in Vietnam, the real estate market can indeed be a daunting subject to understand, filled with unique challenges and uncertainties. The landscape they encounter is one where legal intricacies and the constant shadow of corruption cast a veil of complexity over property investments or securing a residence in the country.

One of the most significant hurdles for expats is the intricacy of Vietnam's legal framework, particularly concerning property ownership and investment. The country's legal system is vastly different from what many expats are accustomed to in their home countries. Navigating through this web of regulations, permits, and documentation can be a formidable endeavor, often requiring expert legal counsel and comprehensive due diligence to ensure compliance.

Corruption is a pervasive concern in Vietnam, and this specter looms over various aspects of life, including real estate transactions. Expats are not immune to the risks associated with encountering corrupt practices, such as bribery, fraudulent documentation, or collusion with unscrupulous individuals seeking to exploit their lack of familiarity with local practices. This ever-present risk underscores the importance of thorough research and due diligence to safeguard investments and interests.

Expats seeking to invest in property or secure a residence in Vietnam are also at risk of falling victim to questionable practices. The real estate market can sometimes be characterized by a lack of transparency and accountability, where the interests of buyers may not always be prioritized. Expats must exercise caution to avoid falling into traps involving illegal or fraudulent transactions, often driven by unscrupulous developers or agents seeking to maximize their gains.

In essence, the real estate market in Vietnam can be a double-edged sword for expats. While there are significant opportunities and attractive prospects, there are also substantial risks. Navigating the intricate legal landscape and mitigating the ever-present threat of corruption require meticulous planning and expert guidance. Expats must approach their real estate endeavors with diligence, drawing upon local expertise and conducting thorough research to ensure their investments or residential choices align with both their aspirations and the realities of Vietnam's dynamic, yet complex, real estate environment.

Allegations of Corruption

The allegations of corruption in Vietnam's construction sector have been a recurring issue, and they are not a recent development. The industry's profit margins are undeniably alluring, making construction projects highly attractive to developers and investors. However, the quest for substantial financial gains has, in some cases, led to questionable and unethical dealings, creating a cloud of suspicion and mistrust around the sector.

The allure of high profit margins in construction is a powerful incentive for developers and investors in Vietnam. The real estate market, particularly for high-rise projects and mini apartments, presents the potential for significant returns on investment. This promise of substantial financial rewards can sometimes overshadow ethical considerations, leading some to take shortcuts, bend the rules, or engage in illicit practices to secure their interests.

One common belief is that higher-ranking officials or authorities often turn a blind eye to these transgressions or even facilitate them. It's assumed that the financial benefits at stake in the construction sector are so substantial that they become a driving force behind this complicity. In such a scenario, there may be instances where developers, in collusion with officials, are allowed to flout regulations, zoning laws, and other legal requirements, effectively placing profit above adherence to the rule of law.

These allegations of corruption in the construction sector have far-reaching consequences. They not only compromise the integrity of construction projects but also erode public trust in the regulatory and oversight mechanisms. The perception that certain individuals or entities can operate with impunity fosters an environment where ethical behavior and adherence to legal standards can be undermined.

Legal Ambiguities and Safety Concerns

A significant and striking issue within Vietnam's real estate market revolves around the enigmatic legal status of mini apartments. These particular types of housing units are not clearly defined within the existing legal framework, thereby often managing to elude regulatory oversight and scrutiny. This lack of a concrete definition and framework for mini apartments can be traced back to the deficiencies in the 2014 Housing Law, which has led to a complex and uncertain regulatory landscape.

Mini apartments represent a unique category of housing in Vietnam, offering a different concept of residential living. These units are typically smaller in size and are popular among young families, students, and individuals looking for affordable housing options. Their distinct characteristics, including smaller floor areas and often communal living spaces, make them an attractive choice in urban areas where space is at a premium.

However, the absence of a clear legal definition for mini apartments within the 2014 Housing Law has created a regulatory gray area. This lack of clarity has left various aspects of mini apartments unregulated, including their construction, safety standards, and approval processes. The ambiguity surrounding these units has contributed to a number of challenges, not only for developers but also for residents and investors.

The regulatory ambiguity has far-reaching implications. It makes it challenging for local authorities to effectively monitor and enforce standards for mini apartment developments. This leads to discrepancies in construction practices, which can compromise the safety and quality of these housing units. Additionally, the lack of legal clarity raises questions about property ownership and rights, affecting both developers and those who invest in or reside in mini apartments.

The Mini Apartment Dilemma

Mini apartments have emerged as a popular and practical choice for urban dwellers in Vietnam, catering to the needs of diverse groups, particularly young families and students. These housing units offer an attractive option due to their affordability and efficient use of limited urban space. However, their ambiguous legal status has given rise to numerous uncertainties, disputes between buyers and developers, and, importantly, the potential for risky investments for expatriates.

The appeal of mini apartments lies in their compact yet functional design, making them an affordable choice for those living in bustling urban centers. They provide an opportunity for people to own or rent a property that meets their basic living needs without breaking the bank. The cost-effectiveness of mini apartments is a significant factor that draws urban dwellers, especially young families and students, to this housing option.

However, the lack of clear legal definition and regulation for mini apartments has cast a shadow of uncertainty over this housing segment. This legal ambiguity gives rise to a range of challenges and risks for both developers and those interested in investing or residing in mini apartments. Disputes between buyers and developers may arise over property rights, ownership, and the responsibilities of each party. Without a robust legal framework in place, these disputes can become protracted and complicated.

Expats, in particular, are at risk when considering investments in mini apartments. The unique legal landscape and regulatory uncertainties can make it difficult for expats to fully understand their rights and obligations when engaging in property transactions. They may find themselves facing difficulties in navigating the local real estate market, interpreting contracts, and ensuring that their investments are protected.

The legal gray area surrounding mini apartments can potentially lead to risky investments for expatriates who may not have the same level of familiarity with local practices and regulations as Vietnamese residents. This underscores the importance of conducting thorough due diligence and seeking legal advice when considering investments in this segment of the real estate market.

The Risk to Expats

Expats who are interested in purchasing or renting property in Vietnam face their own set of challenges and concerns within the real estate sector. The specific issue that affects them is the lack of clear regulations surrounding mini apartments, which can potentially put their investments at risk. Additionally, navigating the intricate legal landscape and understanding the legitimacy of properties can be a formidable task, particularly for those who are unfamiliar with the intricacies of Vietnamese law.

The ambiguity surrounding mini apartments and their legal status can pose significant risks for expatriates. These investors may not have the same level of local knowledge and expertise as Vietnamese residents, making it challenging for them to fully comprehend the intricacies of the real estate market. They may find themselves in a situation where they are uncertain about their rights, obligations, and the legal protections available to them in property transactions.

Furthermore, expatriates may struggle to interpret contracts, negotiate terms, and ensure that their investments are safeguarded. The lack of transparency and well-defined regulations for mini apartments can create an environment where their interests are not adequately protected. This is a critical concern for expatriates who may be looking to make a substantial investment in the Vietnamese real estate market, such as purchasing property for residential purposes or as part of a real estate portfolio.

The Legal Gap and Its Consequences

The absence of clear and specific regulations for mini apartments in Vietnam has created a significant vulnerability within the real estate market. This legal vacuum has enabled developers to exploit gaps in the regulatory framework, resulting in potentially dire consequences. A common practice employed by developers is to initially secure permits for individual houses, only to later convert these properties into mini apartments. This strategic maneuver allows them to bypass stringent fire safety standards and other regulatory requirements, taking advantage of the legal loophole.

The conversion of individual houses into mini apartments is a tactic that seeks to capitalize on the ambiguity surrounding the legal status of these units. Developers are able to circumvent certain building and safety standards, including those related to fire prevention and safety. This can result in buildings that do not meet the necessary safety criteria, putting the lives and well-being of residents at risk.

The tragic fire incident in Khuong Ha Street serves as a stark reminder of the consequences of this legal loophole. The fire, which claimed the lives of 56 people, was a direct result of a mini apartment building that had been converted from an individual house. The lack of compliance with fire safety regulations and other building standards exacerbated the severity of the tragedy.

This incident underscores the urgent need for comprehensive and well-defined regulations for mini apartments. The absence of such regulations not only poses serious risks to the safety of residents but also creates a climate of uncertainty and instability in the real estate market. Addressing these legal gaps is essential to prevent future tragedies and ensure that developers are held accountable for the safety and well-being of those who invest in or reside in mini apartments.

Calls for Reforms in Vietnam

Acknowledging the pressing need for reform within the real estate sector, the Prime Minister of Vietnam has taken a proactive stance by urging the Ministry of Construction to tackle the issue of fire protection standards for mini apartments and high-density rental properties. These actions reflect a critical step towards bringing much-needed clarity and regulation to an industry plagued by ambiguity and legal gaps, with the ultimate aim of safeguarding the interests of both investors and residents.

The Prime Minister's directive is a significant development that signals a commitment to addressing the challenges posed by the real estate market, particularly concerning the safety and legality of mini apartments and high-density rental properties. By specifically targeting fire protection standards, the government is taking a crucial step towards rectifying the safety concerns associated with these housing units.

Mini apartments and high-density rental properties have become integral components of the urban housing landscape in Vietnam, providing affordable and accessible living options. However, the absence of clear regulations has allowed developers to exploit legal gaps and circumvent essential safety standards, often putting residents at risk. This situation not only endangers the well-being of those who reside in these units but also creates uncertainties for investors and property buyers.

The government's initiative to address fire protection standards for mini apartments and high-density rental properties is a positive sign that the regulatory deficiencies within the real estate market are being recognized and actively rectified. By establishing well-defined standards and regulations, the government aims to create a safer and more transparent environment for both investors and residents, thereby mitigating potential risks and conflicts.

The Tightrope Walk for Expats in Vietnam's Residential Construction

For expatriates considering investments in Vietnam's residential real estate, the path forward is a tightrope walk. While the opportunities are vast, the risks, including corruption allegations and legal ambiguities, should not be underestimated. The call for regulatory reforms and increased transparency is a glimmer of hope in a landscape marred by uncertainties, making it essential for expats to tread cautiously in the world of Vietnam's residential construction.

Part 1 of the ‘Unraveling Corruption in Vietnam’ series

In a momentous turn of events on August 15, 2023, Vietnam fully reopened its doors to the world, having declared COVID-19 a "manageable disease." But the lingering question that international observers couldn't help but ask was, "What took Vietnam so long?" The answer lies in the complex web of corruption that had engulfed the nation during the chartered flights COVID repatriation case, resulting in extended delays and dire consequences.

In summary, the case is about a US$100Mio extortionate onboarding fees, shared by 8 ministry officials and related, 2000 flights over 2 years to investigate, causing the freeze and incarceration of immigration police, Vietnam airlines, tourism and of course the Ministry of Foreign affairs diplomat employees.

Part 1: Corruption Hindering Repatriation Efforts

Vietnam's triumphant reopening was marred by a corruption scandal of epic proportions, stemming from the COVID repatriation chartered flights. For 15 long months, this case had plagued the nation, culminating in exemplary sentences of over 12 years in jail and even death penalties.

Extortionate Toll Fee Onboarding Vietnamese Covid Repatriation Flights

Vietnam's authorities, under the banner of their "nobody's left behind" campaign during the pandemic, imposed an exorbitant fee of VND 150 million to board Vietnam Airlines' chartered flights. Shockingly, a gang of opportunistic Ministry officials omitted this fee, thus exploiting the vulnerable repatriation process.

A Shocking Twist in the COVID Repatriation Saga

Victims, eager to return to their homeland, found themselves compelled to pay a "coffee money" fee to secure their place on these flights. In this distressing situation, they unwittingly became accomplices in the crime. The court officials handling these cases often harbored biases toward the rogue officials, as they feared that they could face accusations themselves. The corruptors, out of necessity, became instigators of the crime.

A Lengthy Investigation Reveals Collusion Across 8 Ministries

As rogue officials siphoned off huge sums of money, the judges handed down harsh punishments, with jail terms ranging from 12 to 15 years. Those who profited the most faced the harshest penalty: death sentences.

However, the heart of the investigation was to trace the money amassed from 2,000 chartered flights orchestrated by government officials across eight ministries. This repatriation effort, aimed at bringing Vietnamese citizens stranded abroad during uncontrolled COVID-19 outbreaks in the USA and Europe, generated a staggering $50,000 profit per flight, totalling a mind-boggling $100 million.

The Judge's Firm Stance Against Extortion

Now here is the catch for the convicts that are in fact categorized in ‘good’ guys those who were demanded to pay and the ‘bad’ the rogue officials in charge who demanded money to stamp anything related to boarding the planes.

For this case is so prominent, the money so big; for the first time the judges decided to offer à possibility of remission if they refund the ill-earned cash to bail themselves out thus reducing harsh lengthy  jail and death sentence if they repay some of their pocketed money. Then of course the ‘bad’ convicts had plenty of money to bail themselves out, and the ‘good’ convicts had no money pocketed as they paid most to the bad guys. Now the ‘good convicts’ will pay ‘double’ jail time.

In Conclusion: Victims Await Justice

Despite the urgency of reopening the country and the necessity of visa issuance, the government expedited the trial, focusing on the profits from 800 out of 2,000 repatriation flights. The pressing question remains: What happened to the recouped money? Did it reach the plaintiffs, who had already paid a steep toll fee to the state coffers of the "culprit" ministries?

As the nation grapples with this corruption scandal, a larger question looms on the horizon: Is this attempt to recover funds concealing a more profound issue – the government's financial stability on the brink of collapse?

Part 2: 13 childish questions we had to seek information outside of Vietnam

This is the second article of a two part series on censorship and information available in Vietnam and Asia. In Part 1, we looked for answers through artificial intelligence, or rather the superficial information accessible in a politically correct world.

This article, available for Insider Info members only, looks at the same questions, but with information available on the outside. Let's dig in.

The Vietnam airlines 4 hostesses 11.4kg of drugs smuggling 

Q1? Knowing that 200g-to-5kg attracts a 5-to-20-year jail term, where are the air hostesses now after their arrest on the 16-march-2023 at Tan Son Nhat airport coming from France?

FRANCE Le parisien: 15 days later French police arrested the France / East Europe supply side of the drug smuggling ring. No news or arrests on Vietnam ring ‘channels’. https://www.leparisien.fr/paris-75/ecstasy-la-viet-connection-decapitee-a-paris-apres-lincarceration-du-gros-et-une-saisie-de-120-kg-02-04-2023-IDAEDD7NPJCYBN7SSPIFSR6XK4.php

Q2? Who are the Vietnamese arrested in Vietnam?

Some folks got arrested in Phu Quoc, at the border of Laos and a few random dealers around town were ‘collateral damage’ of the mediatic 6 days arrest of the air hostesses.

https://vov.vn/phap-luat/bat-2-doi-tuong-van-chuyen-34-banh-ma-tuy-tu-lao-ve-viet-nam-post1028731.vov

https://cand.com.vn/Ban-tin-113/khoi-to-6-doi-tuong-thue-bungalow-o-phu-quoc-mo-tiec-ma-tuy-i704074/

Q3? Who are the ‘Vietnamese connections’ arrested in France on 2–April-2023?

>>> FRANCE LE PARISIEN> trace some active Vietnamese farming cannabis since 2016 that may be for ‘local’ France trading and in recently in April 2023, they arrested a Vietnam ring with origins in Russia/East Europe  

https://www.leparisien.fr/essonne-91/evry-91000/essonne-un-gang-de-vietnamiens-louait-des-fermes-pour-cultiver-du-cannabis-13-09-2016-6117429.php

Van Thinh Phat real estate CEO Truong My Lan CEO

Q4? After the 3 ‘sudden death’ of her secretary and SCB banker, where is Mrs Truong My Lan, CEO of VTP? How is her health today?

NO NEWS since her 7-Oct-2022 arrest: is she still alive? https://cafef.vn/bat-ba-truong-my-lan-chu-tich-tap-doan-van-thinh-phat-2022100810352724.chn

Q5? Who gave her all that land to her company Van Thinh Phat and her Hong Kongese husband Eric Chu Nap Kee?

HONG KONG SCMP: Well 1-year later, in october 2023, fire sale of property by her husband in Hong Kong South China Morning Post reminds Vietnam of this high-flying case 

https://www.scmp.com/business/article/3231883/hong-kong-property-fire-sale-eric-chu-selling-hotel-luxury-flats-after-wife-truong-my-lan-arrested

Q6? After her arrest 7-october-2022, we have not heard much of the case and Mr Eric, why suddenly since last week 22-Aug-2023 he is trying to sell-off all his assets at whatever price he can get?

On 8-aug-2023 the sell off assets in Vietnam to Mr Nguyen Cao Tri woke up the journalists.

https://cafef.vn/bat-ngo-nhung-thuong-vu-dinh-dam-qua-tay-dai-gia-nguyen-cao-tri-188230808151534439.chn

Viet A case winning all medical supplies during Covid and before

Q7: How come Mrs Nguyen Thanh Nhan, the CEO of AIC -the company that wins all bids in the Vietnam healthcare sector-, had responsibilities ranging from trading weapons for the government to producing and selling medicines, medical equipment and testing kits during Covid to the 58 provinces?

SINGAPORE FULCRUM press gives us some hints on why Ms Nhan is the ‘most wanted’ by the police for her masterminding organized corruption of the healthcare system and the ‘most unwanted’ by Prime minister and former president 

Q8: Who is the main shareholder of Viet A corp, therefore the main beneficiary of the profits for the production and exclusive sale of the Covid Kit tests?

>>> THE VIETNAM COMPANY REGISTRATION TAX CODE: 

*** CLASSIFIED SECRET ***

https://masothue.com/0313246347-cong-ty-co-phan-tap-doan-viet-a

Q9: What was the technology and how were the Kit tests in Vietnam made? How reliable were the tests sold by Viet A to check Covid infections?

The made-in-Việt Nam COVID-19 quick test kits were developed by researchers from the Vietnam Military Medical University and are produced by Việt Á Technology Joint Stock Company. These test kits were recognized by the World Health Organization and have been used in eight other countries. The kits use Reverse Transcription Polymerase Chain Reaction (RT-PCR) technology, similar to other kits, but show results in a shorter time, typically within two hours.

The research team, led by Dr. Hoàng Xuân Sử, head of the Department of Microbiology and Pathogenesis at the Military Medical Research Institute, started their work on COVID-19 quick tests in early 2020. They analyzed and compared gene sequences collected from the database and collaborated with German scientists to develop the COVID-19 test kit. The team worked diligently to meet the deadline set by the Ministry of Science and Technology, ensuring that the test kit was ready for testing within two weeks and could be put into use within one month.

Regarding the reliability of the tests sold by Viet Á Corporation, it is important to note that the company was involved in a scandal related to the sale of COVID-19 RT-PCR tests. The scandal involved collusion with government officials to sell COVID-19 tests at a heavy markup to provincial health departments and hospitals 2. The imported rapid test kits were falsely marketed as being made in Vietnam. The scandal led to the dismissal of several prominent officials and reduced public trust in the government.

It is crucial to rely on official sources and follow the guidance of healthcare professionals and authorities when evaluating the reliability of COVID-19 tests. For the most accurate and up-to-date information, it is advisable to refer to reputable news outlets and official statements from relevant organizations.

Vinfast EV cars and silent clients

Q10: What are the companies of Vingroup that are profitable and by how much?

>>> ON ALL BRANDS/BUSINESS ABOVE NO INFORMATION ON EACH ONE PERFORMANCE. The annual report aggregates it all so that one can’t know how fragiles are the ‘eggs in the same basket’

https://vingroup.net/viewer.html?file=https%3A%2F%2Fircdn.vingroup.net%2Fstorage%2FUploads%2F0_Quan%20he%20co%20dong%2F0_Vingroup_2023%2FBCTN%2FBCTN%20Vingroup%202022_ENG.pdf

Q11: How can Vinfast, a starting EV company with billions in debts and running costs, selling less than 8000 cars in 2022 introduced on the Nasdaq on 15-aug-2023 can be valued #3 Car makers in the world?

>>> USA NASDAQ REGISTRATION shows explains some magic of Wall Street IPO valuations. In short for non financiers:

• The short term liabilities (debts) are half the short term assets, which means you can't repay your debts
• The revenues are 1/6th of the expenses not including some ‘accounting adjustments’ for 50% boost of the revenue, which means the company is bleeding money    https://www.sec.gov/Archives/edgar/data/1913510/000119312523215977/d468546dex151.htm

NB. The forensic of the business is yet to come as Financial news in Wall street is daily headlines fly well passed the ‘Vietnam bermuda triangle for embarrassing information’

Q12: How come there are no, zero, client reviews for any of the Vingroup products in Vietnam? Is 100% of clients satisfied with all above 28 brands?

>>> USA REPORT ON CLIENT SATISFACTION 

On Vinfast sales forecasts a rare analysis by Reuters. https://www.reuters.com/business/autos-transportation/vietnam-ev-maker-vinfast-expects-break-even-by-end-2024-founder-2023-05-17/

On customer care: ‘satisfaction by corruption’ globalizing a Vietnam practice

https://www.carsdirect.com/automotive-news/green-technology/vinfast-now-paying-owners-for-ev-problems

An army of happy drivers of Vinfast EV

https://www.taxixanhsm.vn/bang-gia-xe-taxi-sai-gon/

NB. In Vietnam 100% of Vingroup clients in all categories of products are happy… or at least don't report being unhappy.

Q13: BONUS QUESTION: Why on 15-aug-2023 Vinfast Nasdaq IPO day, the most important business day of billionaire Mr Pham Nhat Vuong, owner of Vingroup & Vinfast, can not board a plane out of Vietnam to the New York Nasdaq and ring the bell for a glorious day for Vietnam industry?

Our previous findings by Bing AI got us some basic general materials that had a ‘common denominator’ of a massive (and repetitive) exposure on the net. 

INSIDER orientate the search in a ‘forensic’ direction to find a possible and sometimes spotting the real answer for whoever has a stake in Vietnam or Asia beyond tourism.

Feel free to introduce RiskinAsia INSIDER to like minded people

Part 1: 13 childish questions we had to ask to chatGPT as no information can be found.

Every country has some level of censorship and for a few reasons the triggering and strictness of information release or not are quite similar for a capitalist or a socialist country.
In communist countries the level of expertise in manipulating the release of what information is essential to survival. Most times we can understand the obvious reasons, sometimes the reason for secrecy is mysterious and sometimes for unfathomable reasons.

The websites that you can’t access like bbc, medium, gofundme, thediplomat, tells you a lot about who dislikes who on a regular basis or who has just made a lethal careless mistake in publishing.

Then some topics on incumbent politicians in the party, past party members, active, destitute, even deceased opponents are also hidden, as if to build a case; or maybe it was simply erased.

Shameful wrongdoings may also be part of the invites for silence: not all truth are good to say or ‘silence is golden’ as the French say.

And even in business cases the omerta can happen, before - during - past the event, a sure sign that business and politics are intertwined, at times those are family links.

Here are 4 cases that raised our curiosity as after the news, the follow-ups articles sunk into the Bermuda triangle of information: 0 zero, nada, you face the blank page in Vietnam. 

So we decided to ask/test Bing AI Chat as a journalist. Here is what they found :

The Vietnam airlines 4 hostesses 11.4kg of drugs smuggling 

Q1? Knowing that 200g-to-5kg attracts a 5-to-20-year jail term, where are the air hostesses now after their arrest on the 16-march-2023 at Tan Son Nhat airport coming from France?

"The four flight attendants are currently in custody at the Ho Chi Minh City Police Department, where they are being investigated for drug trafficking. They face a possible sentence of life imprisonment or death if convicted, as they were caught with more than 100 grams of narcotics."

Q2? Who are the Vietnamese arrested in Vietnam?

"The Vietnamese arrested in Vietnam are Vo Tu Quynh, Tran Thi Thu Ngan, Dang Phuong Van, and Nguyen Thanh Thuy. They are all flight attendants of Vietnam Airlines and have been suspended from work by the company."

Q3? Who are the ‘Vietnamese connections’ arrested in France on 2–April-2023?

"The ‘Vietnamese connections’ arrested in France on April 2, 2023 are Nguyen Thi Thanh Thuy, Nguyen Thi Thanh Nga, and Nguyen Thi Thanh Huyen. They are the sisters of Nguyen Thanh Thuy, the cabin manager of the flight crew. They allegedly supplied the drugs to the flight attendants in Paris and received money from them via bank transfers."

Van Thinh Phat real estate CEO Truong My Lan CEO

Q4? After the 3 ‘sudden death’ of her secretary and SCB banker, where is Mrs Truong My Lan, CEO of VTP? How is her health today?

"Mrs Truong My Lan, CEO of VTP, is currently in police custody facing fraud allegations, according to the Ministry of Public Security. Her health condition is not publicly known."

Q5? Who gave her all that land to her company Van Thinh Phat and her Hong Kongese husband Eric Chu Nap Kee?

"Mrs Truong My Lan and her husband Eric Chu Nap Kee were accused of having irregularities in their acquisition of several state-owned land slots at prime locations in downtown Ho Chi Minh City1. The sources of their funds and the process of their land deals are under investigation by the authorities."

Q6? After her arrest 7-october-2022, we have not heard much of the case and Mr Eric, why suddenly since last week 22-Aug-2023 he is trying to sell-off all his assets at whatever price he can get?

"Mr Eric Chu Nap Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46 million) in February 2023, according to a market source who spoke with Mingtiandi. The reported buyer is Hong Kong developer First Group Holdings. It is speculated that Mr Chu is trying to offload his assets in Hong Kong to cope with the financial troubles caused by his wife’s arrest and the subsequent asset freeze by the Vietnamese government."

Viet A case winning all medical supplies during Covid and before

Q7: How come Mrs Nguyen Thanh Nhan, the CEO of AIC -the company that wins all bids in the Vietnam healthcare sector-, had responsibilities ranging from trading weapons for the government to producing and selling medicines, medical equipment and testing kits during Covid to the 58 provinces?

Nguyễn Thị Thanh Nhàn, the former chairwoman and general director of Hà Nội-based Advanced International Joint Stock Company (AIC Group), was sentenced to 30 years of imprisonment for “violating regulations on bidding, causing serious consequences” and “giving bribes”. The trial found that she had fled abroad, and the investigating agency issued a special international arrest warrant but to no avail.

The AIC Group, led by Mrs. Nhàn, was involved in a high-profile case related to equipment procurement bidding packages for a hospital project at Đồng Nai General Hospital. The indictment stated that in early 2013, when the provincial People’s Committee approved Đồng Nai Hospital to hire a consultant to adjust the list of specialized medical equipment, Mrs. Nhàn directed many subordinates to collude with investors, consulting units, and companies to ensure that AIC won the bid. As a result, AIC company won 16 packages of medical equipment and construction and installation at the project with a total amount of more than VNĐ665.7 billion (US$28.4 million), illegally making more than VNĐ148 billion ($6.3 million) in profit and causing serious damage to State property.

The case also involved other defendants who received sentences ranging from 30 months’ probation to 25 years in prison for various crimes such as “receiving bribes,” “violating regulations on bidding, causing serious consequences,” and “lacking responsibilities leading to serious consequences.”

Q8: Who is the main shareholder of Viet A corp, therefore the main beneficiary of the profits for the production and exclusive sale of the Covid Kit tests?

The main shareholder of Viet Á Corp is Phan Quốc Việt, the founder and CEO of the company. However, it is important to note that the information regarding the ownership structure of the company is not publicly available, and the identity of other shareholders is not disclosed. Therefore, it is unclear who the main beneficiary of the profits for the production and exclusive sale of the Covid Kit tests is.

Q9: What was the technology and how were the Kit tests in Vietnam made? How reliable were the tests sold by Viet A to check Covid infections?

The made-in-Việt Nam COVID-19 quick test kits were developed by researchers from the Vietnam Military Medical University and are produced by Việt Á Technology Joint Stock Company. These test kits were recognized by the World Health Organization and have been used in eight other countries. The kits use Reverse Transcription Polymerase Chain Reaction (RT-PCR) technology, similar to other kits, but show results in a shorter time, typically within two hours.

The research team, led by Dr. Hoàng Xuân Sử, head of the Department of Microbiology and Pathogenesis at the Military Medical Research Institute, started their work on COVID-19 quick tests in early 2020. They analyzed and compared gene sequences collected from the database and collaborated with German scientists to develop the COVID-19 test kit. The team worked diligently to meet the deadline set by the Ministry of Science and Technology, ensuring that the test kit was ready for testing within two weeks and could be put into use within one month.

Regarding the reliability of the tests sold by Viet Á Corporation, it is important to note that the company was involved in a scandal related to the sale of COVID-19 RT-PCR tests. The scandal involved collusion with government officials to sell COVID-19 tests at a heavy markup to provincial health departments and hospitals 2. The imported rapid test kits were falsely marketed as being made in Vietnam. The scandal led to the dismissal of several prominent officials and reduced public trust in the government.

It is crucial to rely on official sources and follow the guidance of healthcare professionals and authorities when evaluating the reliability of COVID-19 tests. For the most accurate and up-to-date information, it is advisable to refer to reputable news outlets and official statements from relevant organizations.

Vinfast EV cars and silent clients

Q10: What are the companies of Vingroup that are profitable and by how much?

The companies of Vingroup that are profitable and by how much are mainly in the real estate and retail sectors. According to the company’s annual report for 20211, Vinhomes, a property developer, reported a net revenue of 76.3 trillion Vietnamese dong ($3.3 billion) and a net profit of 35.9 trillion dong ($1.5 billion). Vincom Retail, which offers other real-estate services, reported a net revenue of 9.7 trillion dong ($419 million) and a net profit of 3.4 trillion dong ($147 million). These two subsidiaries accounted for 86% of Vingroup’s total net revenue and 98% of its total net profit in 2021.

Q11: How can Vinfast, a starting EV company with billions in debts and running costs, selling less than 8000 cars in 2022 introduced on the Nasdaq on 15-aug-2023 can be valued #3 Car makers in the world?

Vinfast, a starting EV company with billions in debts and running costs, selling less than 8000 cars in 2022, can be valued as the #3 car maker in the world after its Nasdaq debut because of the high expectations and optimism of the investors. Vinfast is seen as a pioneer and a leader in the EV market in Vietnam, which has a population of nearly 100 million people and a growing demand for cars. Vinfast also has ambitious plans to expand globally, especially in the US, where it has already delivered some vehicles and is building a factory in North Carolina. Vinfast’s valuation reflects the potential of its future growth, rather than its current performance.

Q12: How come there are no, zero, client reviews for any of the Vingroup products in Vietnam? Is 100% of clients satisfied with all above 28 brands?

There are no, zero, client reviews for any of the Vingroup products in Vietnam because the company does not have a public platform for customers to leave feedback or ratings. Vingroup relies on its own marketing and branding strategies to promote its products and services, as well as its reputation as a leading conglomerate in the country. Vingroup also has a loyal customer base that trusts its quality and innovation. However, this does not mean that 100% of clients are satisfied with all above 28 brands. There may be some complaints or issues that are not publicly disclosed or resolved by the company.

Q13: BONUS QUESTION: Why on 15-aug-2023 Vinfast Nasdaq IPO day, the most important business day of billionaire Mr Pham Nhat Vuong, owner of Vingroup & Vinfast, can not board a plane out of Vietnam to the New York Nasdaq and ring the bell for a glorious day for Vietnam industry?

On 15-aug-2023, Vinfast Nasdaq IPO day, the most important business day of billionaire Mr Pham Nhat Vuong, owner of Vingroup & Vinfast, could not board a plane out of Vietnam to the New York Nasdaq and ring the bell for a glorious day for Vietnam industry because of the travel restrictions and health risks caused by the Covid-19 pandemic. Vietnam was experiencing a severe outbreak of the virus at that time, with strict lockdown measures and limited international flights. Mr Pham Nhat Vuong decided to stay in Vietnam and celebrate the IPO with his employees and partners, rather than risking his health and safety by traveling to the US. He also wanted to show his commitment and support to his home country during the difficult time.

More seriously, we collected some information on the above shared with PREMIUM MEMBERS interested in scratching the surface… diving deeper in the Bermuda triangle to seek information. Coming soon!

Other News on 12 Vietnam affairs uncovered in 2022 that are on the edge of the Bermuda triangle of Information