<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.riskinasia.com/blogs/feed" rel="self" type="application/rss+xml"/><title>Riskinasia - Blog</title><description>Riskinasia - Blog</description><link>https://www.riskinasia.com/blogs</link><lastBuildDate>Fri, 12 Jun 2026 05:11:04 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[Enter your post title]]></title><link>https://www.riskinasia.com/blogs/post/Vinfast-sues-68-car-influencers-worldwide</link><description><![CDATA[Vinfast sues 68 car influencers worldwide]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_DeJLWkM2Tzu1p8YFD8PlHw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_Rc1fiu2nT06z8FYFIFyMJg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_YVvn35WoQoekf52j0o4e-w" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_qH7nQVp7SOy6faOedbIBIg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2 class="zpheading zpheading-align-center zpheading-align-mobile-center zpheading-align-tablet-center " data-editor="true">Vinfast sues 68 naysayers on its cars worldwide&nbsp;</h2></div>
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</div><div data-element-id="elm_A3mSNZ2L74UCDtghRQ4ajw" data-element-type="codeSnippet" class="zpelement zpelem-codesnippet "><div class="zpsnippet-container"><meta charset="UTF-8"><meta name="viewport" content="width=device-width, initial-scale=1.0"><!-- SEO Core --><title>VinFast Sues 68 Influencers in 2025: Brand Risk Analysis for Vietnam's EV Giant | InsuranceinAsia</title><meta name="description" content="VinFast and Vingroup CEO Pham Nhat Vuong filed lawsuits against 68 influencers worldwide in September 2025 for spreading misinformation. Explore the brand risks, Streisand Effect dangers, and what this means for EV buyers in Vietnam."><meta name="keywords" content="VinFast lawsuit 2025, Pham Nhat Vuong sues influencers, Vingroup misinformation, VinFast brand risk, Vietnam EV car insurance, car insurance Vietnam, VinFast EV review"><link rel="canonical" href="https://www.insuranceinasia.com/vinfast-influencer-lawsuit-2025/"><!-- Open Graph/ Social --><meta property="og:type" content="article"><meta property="og:title" content="VinFast Sues 68 Influencers: The Brand Risk Deep-Dive"><meta property="og:description" content="Vietnam's richest man is fighting back against online smears. But does it help or hurt VinFast? Our risk analysis breaks it down."><meta property="og:url" content="https://www.insuranceinasia.com/vinfast-influencer-lawsuit-2025/"><meta property="og:site_name" content="InsuranceinAsia"><meta property="article:published_time" content="2025-09-13T00:00:00+07:00"><meta property="article:author" content="InsuranceinAsia Editorial"><!-- Twitter Card --><meta name="twitter:card" content="summary_large_image"><meta name="twitter:title" content="VinFast Sues 68 Influencers: Brand Risk Analysis"><meta name="twitter:description" content="Pham Nhat Vuong's legal campaign against 68 global influencers — smart brand move or costly backfire? We analyse the risk."><!-- AEO: FAQ & Article Schema --><script type="application/ld+json">
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    "description": "VinFast CEO Pham Nhat Vuong announced legal actions against 68 influencers and organisations worldwide in September 2025 for spreading misinformation about Vingroup's finances and product quality.",
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          "text": "Influencers spread three main categories of misinformation: (1) financial distress rumours claiming VND 800 trillion in debts, (2) allegations that VinFast EVs are Chinese-made knockoffs, and (3) stories about mass leadership resignations and corruption. Vingroup states its actual debt-to-equity ratio is 1.8 and that VinFast has a 60% Vietnamese indigenisation rate."
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<h1>VinFast is <em>Furious</em>:<br> Suing 68 Influencers<br> Was the Nuclear Option</h1><p class="hero-deck">Pham Nhat Vuong's legal campaign against 68 global content creators is either the boldest brand-defence play of 2025 — or a textbook Streisand Effect disaster in the making. We break down the risk.</p><div class="hero-meta"><span class="hero-meta-item">Published <strong>13 September 2025</strong></span><span class="hero-meta-item">Category <strong>Financial Risk · Vietnam</strong></span><span class="hero-meta-item">By <strong>InsuranceinAsia Editorial</strong></span></div>
</div></header><!-- VERDICT BAR --><div class="verdict-bar" role="complementary" aria-label="Risk verdict"><div class="verdict-bar-inner"><span class="verdict-label">Risk Verdict</span><span class="verdict-text">Short-term deterrence win in Vietnam — long-term global brand dilution risk if not paired with transparent communication.</span></div>
</div><!-- MAIN CONTENT --><main id="thememaincontent" itemscope itemtype="https://schema.org/Article"><!-- Byline --><div class="byline-bar"><div class="byline-avatar" aria-hidden="true"> I </div>
<div><div class="byline-name"> InsuranceinAsia Editorial </div><div class="byline-role"> Risk Intelligence Desk </div>
</div><div class="byline-source"> Source reporting: <a href="https://www.riskinasia.com/blogs/post/vinfast-is-furious-after-68-influencers-the-business-risk-for-the-ev-car-brand-and-vingroup" target="_blank" rel="noopener">RiskinAsia.com</a></div>
</div><!-- STAT ROW --><div class="stat-row" role="region" aria-label="Key numbers"><div class="stat-cell"><div class="num"><span>68</span></div>
<div class="label"> Influencers sued worldwide </div></div><div class="stat-cell"><div class="num"> $<span>12.7</span>B </div>
<div class="label"> Pham Nhat Vuong's net worth (Forbes) </div></div><div class="stat-cell"><div class="num"><span>60</span>% </div>
<div class="label"> VinFast Vietnamese indigenisation rate </div></div></div><!-- SECTION 1 --><section class="section" aria-labelledby="s1-heading"><div class="risk-badge high"> High Profile · Brand Risk </div>
<div class="section-number"> Section 01 </div><h2 id="s1-heading">Inside Vingroup's Legal Offensive Against 68 Global Influencers</h2><div class="question-block"><p>Frequently asked question</p><strong>Why is VinFast suing 68 influencers in 2025?</strong></div>
<p>On 9 September 2025, Pham Nhat Vuong — Vietnam's richest man with a reported Forbes net worth of $12.7 billion — announced Vingroup's most aggressive legal campaign to date. Civil lawsuits were filed in Hanoi courts targeting 68 individuals and organisations accused of fabricating and amplifying damaging falsehoods about the conglomerate on TikTok, Facebook, and YouTube. International enforcement is being pursued through local law firms and embassy notifications, reflecting the truly global scope of the campaign.</p><p>The legal strategy leans on Vietnam's Cybersecurity Law and Penal Code, giving it real teeth domestically. The targets include both Vietnamese nationals and overseas accounts — a rare move signalling that Vingroup is prepared to pursue this across jurisdictions.</p><h3>The Three Categories of Misinformation Targeted</h3><div class="claims-grid" role="list" aria-label="False claims vs facts"><div class="claim-card" role="listitem"><div class="claim-label"> Claim 01 · Finance </div>
<div class="claim-false"> "VinFast is heading for bankruptcy with VND 800 trillion in debt" </div>
<div class="claim-fact"> Actual borrowings: VND 283 trillion. Debt-to-equity ratio: 1.8 — rated "very safe" </div>
</div><div class="claim-card" role="listitem"><div class="claim-label"> Claim 02 · Product </div>
<div class="claim-false"> "VinFast EVs are Chinese knockoffs disguised as Vietnamese" </div>
<div class="claim-fact"> 60% Vietnamese indigenisation rate; full production chain in Vietnam plus US factories in North Carolina </div>
</div><div class="claim-card" role="listitem"><div class="claim-label"> Claim 03 · Leadership </div>
<div class="claim-false"> "Mass resignations, corruption links, legal problems at the top" </div>
<div class="claim-fact"> Described by Vingroup as entirely fabricated with no factual basis </div>
</div></div><p>The timing matters. VinFast is in the middle of an aggressive push into the United States market, and Vinspeed — Vingroup's rail subsidiary — is bidding on a $6–7 billion high-speed rail contract. Protecting stakeholder trust in Hanoi, Ho Chi Minh City, and Raleigh, North Carolina simultaneously is no small ask.</p></section><!-- INLINE CTA 1 --><div class="inline-cta" role="complementary" aria-label="Car insurance advertisement"><div class="ico" aria-hidden="true"> 🚗 </div>
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<hr class="rule"><!-- SECTION 2 --><section class="section" aria-labelledby="s2-heading"><div class="risk-badge medium"> Strategic Risk · Brand Perception </div>
<div class="section-number"> Section 02 </div><h2 id="s2-heading">Good Strategy or Brand Gamble? A Global Marketer's Verdict</h2><div class="question-block"><p>Frequently asked question</p><strong>Is suing influencers a smart brand strategy for VinFast in 2025?</strong></div>
<p>From a global marketing standpoint, Vuong's legal offensive is a high-risk, high-reward play. In the Asia-Pacific context — where approximately 70% of consumers trust established local conglomerates — it reinforces Vingroup's image as a resilient and decisive operator. Over 50 social media channels have already removed content following the announcement, demonstrating real deterrence value.</p><p>Globally, however, the move draws uncomfortable comparisons to Elon Musk's lawsuits against disinformation researchers — campaigns that ultimately alienated significant segments of Western audiences while generating prolonged negative press cycles.</p><div class="pro-con" role="region" aria-label="Pros and cons analysis"><div class="pro-box"><div class="box-title"> Arguments For the Strategy </div>
<div class="box-item"> Swift legal action under Vietnam's laws deters future attacks and immediately boosts investor confidence domestically. </div>
<div class="box-item"> Positions VinFast as an "underdog innovator" — a narrative that can amplify positively on LinkedIn and X. </div>
<div class="box-item"> Strengthens trust in Vietnam and emerging markets where regulatory enforcement of online misinformation is expected by consumers. </div>
</div><div class="con-box"><div class="box-title"> Arguments Against the Strategy </div>
<div class="box-item"> In the US and EU, it risks painting Vuong as authoritarian, clashing with First Amendment values and damaging VinFast's aspirational EV image. </div>
<div class="box-item"> Voice searches for "Is VinFast trustworthy?" will surface lawsuit drama prominently, depressing consideration rates in key markets. </div>
<div class="box-item"> Proactive fact-check campaigns and AI-driven misinformation monitoring are widely regarded as more effective long-term tools. </div>
</div></div><p>The net assessment: a short-term win for Vingroup's domestic GEO, but a potential long-term dilution of its global brand equity — unless paired immediately with an empathetic, transparent communications campaign aimed at international audiences.</p></section><!-- SECTION 3 --><section class="section" aria-labelledby="s3-heading"><div class="risk-badge high"> Execution Risk · Streisand Effect </div>
<div class="section-number"> Section 03 </div><h2 id="s3-heading">The Unintended Consequence: Why This Buzz Could Backfire on VinFast Sales</h2><div class="question-block"><p>Frequently asked question</p><strong>What is the Streisand Effect risk for VinFast?</strong></div>
<div class="effect-box" role="blockquote"><div class="effect-label"> The Streisand Effect, Defined </div>
<p>When an attempt to suppress information inadvertently causes it to receive far wider publicity than it would have otherwise. Named after Barbra Streisand's 2003 attempt to suppress aerial photographs of her Malibu home — which resulted in over 420,000 additional people viewing the images within a month.</p><p style="margin-top:12px;">For VinFast, the risk is identical: <strong>naming 68 influencers publicly spotlights their posts</strong>, potentially driving algorithm-boosted views up by 50–100% and funnelling monetisation revenue directly to the accounts being sued.</p></div>
<p>Three specific collateral damage vectors stand out for the brand's commercial pipeline:</p><h3>1. Algorithm Amplification</h3><p>Publicly naming influencers in a high-profile legal case is a gift to content discovery algorithms. The associated hashtags — #VinFastDrama, #VinFastLawsuit — can trend independently of any individual creator, sustaining negative coverage for weeks or months beyond the original posts.</p><h3>2. Opportunist Pile-On</h3><p>Once the legal offensive becomes a news story in its own right, a second wave of creators — unrelated to the original 68 — are incentivised to produce commentary content. They bear no legal risk (they are reporting on a public legal action) while benefiting commercially from the engagement spike.</p><h3>3. The Chilling Effect on Buyers</h3><p>Prospective VinFast customers in the US, India, and Vietnam may reasonably ask: "If I post a critical review after buying my EV, could I be next?" This chills authentic owner reviews — the single most trusted form of purchase research for high-ticket consumer goods — and may suppress consideration in precisely the demographics VinFast needs to convert in international markets.</p></section><!-- BIG CTA BLOCK --><div class="cta-block" role="complementary" aria-label="Car insurance advertisement"><div class="cta-eyebrow"> Sponsored · InsuranceinAsia </div>
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<p>Pham Nhat Vuong's lawsuit campaign defends a $30B+ empire and reflects a legitimate frustration with coordinated online misinformation. But the execution carries substantial collateral risk. For VinFast to emerge from this stronger, legal muscle must be paired — quickly — with transparent financial communication, proactive third-party fact-checking, and an international PR strategy that demonstrates confidence rather than litigiousness. The brand has the facts on its side. The challenge is making sure the global market hears those facts above the noise of 68 lawsuits.</p></div><!-- FAQ SECTION (AEO) --><section class="faq-section" aria-labelledby="faq-heading"><h2 id="faq-heading">Frequently Asked Questions</h2><div class="faq-item" itemscope itemprop="mainEntity" itemtype="https://schema.org/Question"><div class="faq-q" itemprop="name"> Why did VinFast sue 68 influencers in 2025? </div>
<div class="faq-a" itemscope itemprop="acceptedAnswer" itemtype="https://schema.org/Answer"><span itemprop="text">Vingroup CEO Pham Nhat Vuong filed civil lawsuits against 68 influencers and organisations in September 2025 for publishing false information about the company's finances, product quality, and leadership on TikTok, Facebook, and YouTube. The three main false claims were: fabricated bankruptcy rumours citing VND 800 trillion in debts, allegations that VinFast EVs are Chinese-made knockoffs, and baseless stories about leadership corruption and resignations.</span></div>
</div><div class="faq-item" itemscope itemprop="mainEntity" itemtype="https://schema.org/Question"><div class="faq-q" itemprop="name"> Are VinFast EVs made in Vietnam or China? </div>
<div class="faq-a" itemscope itemprop="acceptedAnswer" itemtype="https://schema.org/Answer"><span itemprop="text">VinFast states a 60% Vietnamese indigenisation rate for its electric vehicles, with a full production chain operating inside Vietnam. The company also operates manufacturing facilities in North Carolina in the United States. Allegations that the vehicles are Chinese knockoffs are among the false claims that Vingroup is actively litigating against.</span></div>
</div><div class="faq-item" itemscope itemprop="mainEntity" itemtype="https://schema.org/Question"><div class="faq-q" itemprop="name"> Is VinFast financially stable in 2025? </div>
<div class="faq-a" itemscope itemprop="acceptedAnswer" itemtype="https://schema.org/Answer"><span itemprop="text">According to Vingroup's own disclosures, its actual borrowings stand at VND 283 trillion against a debt-to-equity ratio of 1.8, which the company describes as "very safe." The rumoured figure of VND 800 trillion in debts has been identified by Vingroup as fabricated misinformation and is among the claims the 68 lawsuits seek to address.</span></div>
</div><div class="faq-item" itemscope itemprop="mainEntity" itemtype="https://schema.org/Question"><div class="faq-q" itemprop="name"> Does the VinFast controversy affect car insurance in Vietnam? </div>
<div class="faq-a" itemscope itemprop="acceptedAnswer" itemtype="https://schema.org/Answer"><span itemprop="text">Brand controversies and resale value uncertainty can influence insurance premiums and coverage options for any vehicle brand. VinFast EV owners in Vietnam should review their car insurance policy to ensure comprehensive coverage that accounts for the evolving risk landscape. Specialist brokers like InsuranceinAsia can help compare policies across leading Vietnam insurers for any vehicle brand.</span></div>
</div><div class="faq-item" itemscope itemprop="mainEntity" itemtype="https://schema.org/Question"><div class="faq-q" itemprop="name"> What is the Streisand Effect and how does it apply to VinFast? </div>
<div class="faq-a" itemscope itemprop="acceptedAnswer" itemtype="https://schema.org/Answer"><span itemprop="text">The Streisand Effect describes the phenomenon where attempts to suppress online content inadvertently cause it to receive far greater attention than it would have otherwise. For VinFast, publicly naming 68 influencers in legal actions risks spotlighting the original negative posts, potentially driving a 50–100% increase in views through algorithm amplification and inspiring a second wave of commentary creators who report on the legal story itself.</span></div>
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</div></div></div></div></div></div>]]></content:encoded><pubDate>Fri, 12 Jun 2026 11:40:34 +0000</pubDate></item><item><title><![CDATA[VinFast is Furious after 68 influencers! the business risk for the EV car brand and Vingroup]]></title><link>https://www.riskinasia.com/blogs/post/vinfast-is-furious-after-68-influencers-the-business-risk-for-the-ev-car-brand-and-vingroup</link><description><![CDATA[ Vinfast is furious sues 68 influencers worldwide Vingroup Lawsuit 2025: Pham Nhat Vuong Sues 68 Influencers Worldwide for Misinformation – Global Bra ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_woi6kZF4S6uDE6uu9EuhOw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_GsJYo50zRc-rLf0Er_ZbLQ" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_yngZ9wXsRsiZQsMKzbtlDQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_smvC8UzwShC6HJcjIk_nvw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div><figure class="wp-block-image aligncenter size-full is-style-default"><img src="https://www.riskinasia.com/wp-content/uploads/2025/09/Vinfast-is-furious-68-influencers.jpg" alt="Vinfast is furious sues 68 influencers worldwide" class="wp-image-5310"><figcaption class="wp-element-caption"> Vinfast is furious sues 68 influencers worldwide </figcaption></figure><h1 class="wp-block-heading"><strong>Vingroup Lawsuit 2025: Pham Nhat Vuong Sues 68 Influencers Worldwide for Misinformation – Global Brand Strategy Insights and Risks</strong></h1><p>As a global business marketer with expertise in Asia-Pacific tech and automotive sectors, I'm analyzing the <strong>Vingroup lawsuit 2025</strong> saga. On September 9, 2025, Vietnam's billionaire <strong>Pham Nhat Vuong</strong>, CEO of Vingroup and its EV subsidiary <strong>VinFast</strong>, announced legal actions against 68 individuals and organizations for spreading false information online. This move targets social media influencers and account holders on platforms like TikTok, Facebook, and YouTube, amid VinFast's aggressive U.S. expansion and Vietnam's high-speed rail bids. Drawing from the original VnExpress article and broader references on <strong>digital censorship strategies</strong> for brands combating misinformation, here's a marketer's take on the communication challenges. If you're searching for "<strong>Pham Nhat Vuong lawsuits influencers 2025</strong>," "<strong>VinFast misinformation strategy</strong>," or "<strong>brands suing influencers risks</strong>," this post breaks it down for Vietnam, U.S., and global markets.</p><h2 class="wp-block-heading"><strong>1. What Is Pham Nhat Vuong Doing? Inside Vingroup's Legal Actions Against 68 Global Influencers</strong></h2><h3 class="wp-block-heading"><strong>Question: Why is Pham Nhat Vuong suing influencers worldwide in 2025?</strong></h3><p>Pham Nhat Vuong, Vietnam's richest mogul with a $12.7 billion Forbes net worth, is orchestrating Vingroup's most aggressive legal campaign yet to combat online disinformation. Under Vietnam's Cybersecurity Law and Penal Code, the conglomerate has filed civil lawsuits in Hanoi courts and is coordinating international efforts through local lawyers and embassy notifications. The 68 targets – including Vietnamese and overseas influencers – are accused of fabricating rumors to mislead public opinion about Vingroup's finances, product quality, legal status, and leadership.</p><p>Key false claims tackled:</p><ul class="wp-block-list"><li><strong>Financial Distress Myths</strong>: Rumors of bankruptcy with VND 800 trillion ($30+ billion) debts (actual: VND 283 trillion borrowings, debt-to-equity ratio of 1.8 – deemed "very safe").</li><li><strong>VinFast EV Smears</strong>: Allegations that VinFast electric vehicles are "Chinese knockoffs" disguised as Vietnamese (fact: 60% indigenization rate, full production chain in Vietnam, plus U.S. factories in North Carolina).</li><li><strong>Leadership and Operational Lies</strong>: Baseless stories on mass resignations, product legal issues, corruption, and political ties involving Vuong.</li></ul><p>This zero-tolerance stance aligns with broader <strong>digital censorship strategies</strong> where brands like Vingroup use legal tools to enforce accountability, similar to how governments and companies combat disinformation on social media. It's timed with VinFast's global EV push and Vinspeed's $6-7 billion high-speed rail proposal, aiming to protect stakeholder trust in markets like Hanoi, Ho Chi Minh City, and Raleigh, NC.</p><div class="wp-block-buttons"><div class="wp-block-button is-style-fill"><a class="wp-block-button__link has-black-color has-light-green-cyan-background-color has-text-color has-background has-link-color wp-element-button" href="https://www.insuranceinasia.com/personal-family-2/car-motor-insurance/">Need moto or car insurance?</a></div>
</div><h2 class="wp-block-heading"><strong>2. Good or Bad for Brand Image? A Global Marketer's View on Social Media Strategy Implications</strong></h2><h3 class="wp-block-heading"><strong>Question: Is suing influencers a smart brand strategy for VinFast in 2025?</strong></h3><p>From a professional social media strategist's lens, Vuong's approach is a high-risk, high-reward play – effective for deterrence but potentially damaging in free-speech cultures. In Asia-Pacific, where 70% of users trust local conglomerates, it reinforces Vingroup as a resilient leader. Globally, however, it mirrors controversial tactics like Elon Musk's lawsuits against disinformation researchers, which can alienate audiences.</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/what-is-the-secret-to-success-for-vinfasts-ceo-pham-nhat-vuong/ </div>
</figure><p><strong>Pros for Brand Reputation (Why It's Good):</strong></p><ul class="wp-block-list"><li><strong>Deterrence Power</strong>: Swift actions under Vietnam's laws deter future attacks, boosting investor confidence and rallying loyalists – over 50 social media channels have already removed content post-announcement.</li><li><strong>Narrative Control</strong>: Positions VinFast as an "underdog innovator," amplifying positive stories on LinkedIn and X, akin to Tesla's crisis comms wins.</li><li><strong>GEO Alignment</strong>: Strengthens trust in Vietnam and emerging markets, where <strong>digital censorship strategies</strong> like platform takedowns are common for misinformation control.</li></ul><p><strong>Cons for Brand Perception (Why It's Bad):</strong></p><ul class="wp-block-list"><li><strong>Cultural Backlash</strong>: In the U.S. and EU, it risks painting Vuong as authoritarian, clashing with First Amendment values and hurting VinFast's aspirational image in EV hubs like California.</li><li><strong>AEO and SEO Hits</strong>: Voice searches for "Is VinFast trustworthy?" may highlight lawsuit drama, reducing engagement by 15-20% per social listening metrics.</li><li><strong>Alternative Strategies</strong>: Marketers advise proactive tools like fact-check campaigns or AI-driven misinformation monitoring over lawsuits, as seen in global brand responses to fake news.</li></ul><p>Net: Short-term win for Vietnam GEO, but long-term global brand dilution unless paired with empathetic comms.</p><h2 class="wp-block-heading"><strong>3. Undesired Collateral Damage: Why the 2025 Lawsuit Buzz Could Backfire on VinFast Sales</strong></h2><h3 class="wp-block-heading"><strong>Question: What risks does Vingroup's influencer lawsuits pose to brand buzz and customer trust?</strong></h3><p>The irony of this legal buzz? It amplifies the very issues it's fighting, creating collateral damage rooted in <strong>digital censorship strategies</strong>' unintended consequences. Here's why, per global marketer insights:</p><ul class="wp-block-list"><li><strong>Streisand Effect Amplification</strong>: Naming influencers spotlights their posts, driving algorithm-boosted traffic and views by 50-100%, inadvertently funneling more ad revenue to them via platform monetization.</li><li><strong>Influencer Swarm</strong>: Opportunists may join the fray, publishing more "bad news" content and trending hashtags like #VinFastDrama, escalating misinformation as seen in past brand deplatforming cases.</li><li><strong>Buyer Fear Factor</strong>: Prospective clients in the U.S., India, or Vietnam might hesitate: "What if I criticize my VinFast EV and get sued?" This chills honest reviews, eroding trust and portraying Vingroup as litigious, potentially dropping sales inquiries by 25% in litmus-test markets.</li></ul><p>In essence, it's like weaponizing buzz against yourself – a pitfall in <strong>brands suing influencers</strong> scenarios, where suppression fuels virality.</p><h2 class="wp-block-heading"><strong>Key Takeaway: Balancing Defense with Dialogue in Global Marketing</strong></h2><p>Pham Nhat Vuong's <strong>Vingroup lawsuit 2025</strong> defends a $30B+ empire but underscores communication pitfalls in digital eras. For sustainable brand growth, blend legal muscle with transparent engagement.Thoughts on "<strong>VinFast brand risks 2025</strong>"? Share below – let's discuss smarter strategies!</p><details class="wp-block-details"><summary></summary><p></p></details><div class="wp-block-qi-blocks-call-to-action qodef-block-container qodef-block-266a8c14"><div class="qi-block-call-to-action qodef-block qodef-m qodef-layout--standard"><div class="qodef-m-inner"><div class="qodef-m-content"><h5 class="qodef-m-title">Advertising: InsuranceinAsia.com for Corporate insurance needs?</h5><div class="qodef-m-text"> Whether you set-up a business, hire employees, seek to insure your company assets, protection is 1-click away </div>
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</div></div></div></div><p></p></div></div></div></div></div></div></div></div>]]></content:encoded><pubDate>Sat, 13 Sep 2025 19:04:19 +0000</pubDate></item><item><title><![CDATA[Health Insurer fake or real? What Expats Need to Know in 2025]]></title><link>https://www.riskinasia.com/blogs/post/heatlh-insurer-fake-or-real-what-expats-need-to-know-in-2025</link><description><![CDATA[Case study: Regency for Expats sales thoughout Asean As an expat, finding reliable health insurance is crucial for peace of mind while living abroad. W ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_ql1DoRSUQA-1l-WQCTsl_A" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_Pz-06OsoR5OiWt31H9FOZA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_vMQI81zaQ_SLF1iY19FLZQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_4R3aHpHhTUSaf84lJZTnrg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><figure class="wp-block-image aligncenter size-full is-style-default"><img src="https://www.riskinasia.com/wp-content/uploads/2025/08/Regency-pic-choice-1.png" alt="" class="wp-image-5284"></figure><h2 class="wp-block-heading"><strong>Case study: Regency for Expats sales thoughout Asean</strong></h2><p>As an expat, finding reliable health insurance is crucial for peace of mind while living abroad. Whether you're in Thailand, Vietnam, Singapore, or anywhere else, you want coverage that delivers when you need it most. Regency for Expats markets itself as an international health insurer tailored for globally mobile individuals, offering plans like Standard, Major Medical, Comprehensive, and Fully Comprehensive. But with growing concerns about claim denials, regulatory oversight, and company transparency, many expats are asking: Is Regency for Expats legitimate?</p><p>In this article, we'll dive into the facts based on user experiences, former employee insights, and independent research. We'll cover the company's background, red flags, real testimonies, and alternatives to help you decide if it's right for your expat life.</p><h1 class="wp-block-heading"><strong>Understanding Regency for Expats: Company Overview</strong></h1><p>Regency for Expats is a trading name of Regency Assurance, a company registered in Nevis, a small Caribbean island known for its tax haven status. They claim to provide private health insurance for expats in over 120 countries, with no need for detailed medical history during the application process—just basic details like name, contact info, and payment method. This simplicity is appealing for expats on the move, but it raises questions about how they handle claims.</p><p>The company states it's regulated by the Financial Services Regulatory Commission (FSRC) in Nevis, but this oversight is minimal compared to regulators in the US, UK, or EU. Unlike major insurers like April, Henner, AXA, or Allianz, Regency doesn't have pre-existing contracts with hospitals for direct billing in many locations, meaning policyholders often pay upfront and seek reimbursement later. Their website emphasizes quick claims processing and high satisfaction rates (e.g., 84% in a 2025 survey), but online reviews tell a different story.</p><h1 class="wp-block-heading"><strong>Red Flags: Regulation, Transparency, and Business Practices</strong></h1><p>One major concern is Regency's lack of regulation in most countries where expats live. Being based in Nevis means limited legal recourse if claims are denied—expats can't easily appeal to local authorities in places like Thailand or the UAE. Research shows no physical offices listed beyond postal addresses in Bangkok and Hong Kong, which users report as non-existent upon visiting.</p><p>Additionally, there's no mention of reinsurance partners, which reputable insurers use to back large claims. The application form's lack of medical questions allows easy sign-ups but enables denials based on "pre-existing conditions" that policyholders might not even know about. This clause includes conditions that "existed without your knowledge," which many reviewers call unfair and predatory.</p><p>Connections to brokers like NowCompare (allegedly owned by the same group) add to the skepticism. Former employees claim NowCompare pushes Regency plans exclusively, despite posing as independent, and employs staff to post fake positive reviews on sites like Trustpilot.</p><h2 class="wp-block-heading"><strong>Testimonies from Former Employees: Insider Warnings</strong></h2><p>A former employee of Alliance International (which operates NowCompare) shared alarming insights in 2025: "Regency and NowCompare are owned and operated by the same people... The business model is to 'ACT' like an independent broker... but Regency is what you will see on top." They accused the company of faking reviews and employing a claims team with little expertise—led by figures like Douglas Wescott and Maria Cassidy—who allegedly delay and reject valid claims systematically.</p><p>The ex-employee highlighted Regency's unregulated status: "In stark contrast to reputable insurers like Cigna, AXA, or Allianz, Regency operates without regulation from any recognized governing body." This allows them to deny claims by citing loopholes, especially pre-existing conditions, since no medical history is collected upfront.</p><h2 class="wp-block-heading"><strong>Client Experiences: Denied Claims and Frustrations</strong><br></h2><p>Dozens of expat reviews from 2023-2025 paint a picture of reliable small reimbursements but consistent denials for larger claims. Here's a selection of real testimonies:</p><ul class="wp-block-list"><li><strong>Chris Bailey (August 2025)</strong>: "Refused claim after contradicting two separate MDs... VERY unsatisfied. I was sold a life insurance policy... I wasted THOUSANDS of Dollars."</li><li><strong>J.F. (July 2025)</strong>: "I would give zero stars if I could... They refused to cover , claiming it was a 'pre-existing condition'... This feels like a deliberate attempt to avoid paying out."</li><li><strong>Peter Kessler (June 2025)</strong>: "Never again with Regency... Immediate insurance coverage... but after three days, I developed severe abdominal pain... No reimbursement. I'm now in pain... and have asked the 24-hour emergency service for help, but have received no response."</li><li><strong>Philip Creech (June 2025)</strong>: "Regency sold me a 15-year life insurance policy... They have dropped me, literally stealing more than US$ 6000. Scammers!"</li><li><strong>GK (December 2024)</strong>: "They only cover small claims... For GBP 1000, they refuse to pay, citing pre-existing... Regency are 'regulated' in Nevis—which means you practically have no recourse."</li><li><strong>Ritwik Ghosh (December 2024)</strong>: "Have used different insurance companies over last 20 years, but haven’t come across as malicious as Regency... They will play clients like a ping pong ball."</li><li><strong>Mark Mottershead (August 2024)</strong>: "DO NOT USE!!!... If you find you have cancer... they won't pay out as it is deemed an UNKNOWN pre-existing condition... This is exactly what happened to me."</li><li><strong>TB (July 2024)</strong>: "They only cover small claims... but if you have a larger claim, they will do everything in their power to NOT pay out... Pure scammers!"</li></ul><p>Common themes include:</p><ul class="wp-block-list"><li>Denials for "pre-existing" issues, even if undiagnosed.</li><li>Delays in processing, requiring endless documentation.</li><li>No empathy during emergencies, like surgeries or hospital stays.</li><li>Fake reviews inflating ratings (e.g., Trustpilot detects and removes them).</li></ul><p>On Trustpilot, Regency holds a 4/5 rating from 270 reviews, but 28% are 1-star, focusing on denied claims. Reddit threads and expat forums like ASEAN NOW echo this, warning of no real offices and poor recourse in Nevis.</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/finding-the-best-hospital-for-your-medical-needs-in-vietnam-in-2023 </div>
</figure><h2 class="wp-block-heading"><strong>Is Regency for Expats Worth It for Expats?</strong></h2><p>Based on the evidence, Regency for Expats appears legitimate in the sense that it exists and issues policies, but its practices raise serious doubts about reliability. It's cheap for a reason—low premiums often lead to denied claims, especially for major medical needs. If you're an expat in high-risk areas or with potential health issues, the lack of robust regulation and history of denials make it risky.</p><p>Pros (from positive reviews): Easy sign-up, quick small claims, responsive for quotes. Cons: Poor for large claims, minimal oversight, potential for fake promotions.</p><p>Alternatives for expats:</p><ul class="wp-block-list"><li>Asean insurers: April, Lumahealth or Henner</li><li>William Russell Insurance</li><li>Allianz Care: Comprehensive plans with global networks.</li></ul><p>Always check local regulations (e.g., for Thai visas, Regency may not qualify) and read policies carefully.</p><h1 class="wp-block-heading">Conclusion: <strong>Final Advice for Expats Searching for Health Insurance</strong><br></h1><p>If you're considering Regency for Expats, proceed with caution. Read independent reviews, consult brokers not affiliated with them, and prioritize insurers with strong regulatory backing. Health insurance isn't just about cost—it's about protection when life abroad gets unpredictable.</p><p>For expats in Thailand, Vietnam, or beyond, shop around and verify claim payout rates. If you've had experiences with Regency, share them to help others.</p><div class="wp-block-qi-blocks-call-to-action qodef-block-container qodef-block-29217c10"><div class="qi-block-call-to-action qodef-block qodef-m qodef-layout--standard"><div class="qodef-m-inner"><div class="qodef-m-content"><h5 class="qodef-m-title">Your experience is of interest on this topic</h5><div class="qodef-m-text"> To share your experience, check your options or find an alternative mailto:Editor@riskinAsia.com </div>
</div><div class="qodef-m-button"><div class="wp-block-qi-blocks-button qodef-block-container qodef-block-6289f546"><a class="qi-block-button qodef-block qodef-m qodef-layout--filled qodef-type--standard qodef-hover--icon-move-horizontal-short"><span class="qodef-m-text">Editor@RiskinAsia.com</span></a></div>
</div></div></div></div><p></p></div></div></div></div></div></div></div></div>]]></content:encoded><pubDate>Sat, 30 Aug 2025 17:21:39 +0000</pubDate></item><item><title><![CDATA[Vietnam’s Traffic enforcement Decree 168 Sparks Chaos and Fear Among Drivers. An exception or just a sample for the year 2025?]]></title><link>https://www.riskinasia.com/blogs/post/vietnams-traffic-enforcement-decree-168-sparks-chaos-and-fear-among-drivers-an-exception-or-just-a-s</link><description><![CDATA[As the year of the Snake starts, the Traffic decree 168 is an example of Vietnam year ahead Vietnam’s newly issued Decree 168 , set to take effect on Ja ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_A97512QgTC6oVdxWpmFAKQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_TPVhDmxqSqaDXaYP9tuRPA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_N5qN9NbuTG2XGkYRIuJsbw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_YIidyh7hQ7ykiUOeiJgaFg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><div class="wp-block-columns"><div class="wp-block-column"><h2 class="wp-block-heading" id="h-insights-into-working-effectively-in-vietnam">As the year of the Snake starts, the Traffic decree 168 is an example of Vietnam year ahead</h2><p>Vietnam’s newly issued <strong>Decree 168</strong>, set to take effect on <strong>January 1, 2025</strong>, enforces strict traffic regulations with <strong>harsh penalties</strong>. The law introduces <strong>severe fines of up to VND 20 million</strong>—equivalent to months or even years of disposable income—sparking fear and uncertainty among drivers.</p><p>The abrupt implementation has led to <strong>widespread panic, disbelief, and frustration</strong>, with many in the transportation sector considering quitting their jobs. The fear of financial ruin has <strong>disrupted daily commutes</strong> and <strong>stirred public outrage</strong> -most have sunk in the Bermuda triangle-.</p><p>As the situation unfolds, we take a <strong>comprehensive look at the facts about Vietnam’s traffic crisis</strong>, without venturing into predictions. As you can understand, this post belongs to what we previously called the <strong>“<a href="https://www.riskinasia.com/insider-info-the-bermuda-triangle-of-information-in-vietnam/">Bermuda Triangle of Information</a>.”</strong> The precipitated decree captures how <strong>a single push for long-awaited road safety reforms</strong> can trigger unintended consequences, exposing deep flaws in execution and enforcement. We forecast more of such decrees coming up for 2025...</p><p>Decree 168: Enforcing Traffic Safety and regulations Now! Resulting in chaos in planning, decision, execution, communication, rectifying, follow-up... january 2025: Season #1</p><figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"><figure class="wp-block-image size-full is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2025/02/Decree-168-police-PR.jpg" alt="" class="wp-image-5261"></figure></figure><p class="has-text-align-center"><strong>Confusion Peaks During Tet: Traffic Police Crackdown Raises Eyebrows</strong></p><p class="has-text-align-center">Just days into the joyous Tet celebrations, a traffic policeman—adorned with gold and a luxury watch—leads a PR campaign against drunk driving. While handing out <strong>hefty fines</strong>, he also rewards good drivers… <strong>with packs of beer?!</strong></p><h2 class="wp-block-heading" id="h-the-varied-paces-of-vietnam-s-economy">To better understand the decision 'at street level', we Mapminded the Vietnam Traffic decree 168 and its collateral damages</h2></div>
</div><figure class="wp-block-gallery has-nested-images columns-default is-cropped"><figure class="wp-block-image size-large"><img src="https://www.riskinasia.com/wp-content/uploads/2025/02/Traffic-Decree-168-start-1-jan-2025-1024x786.png" alt="" class="wp-image-5270"></figure></figure><h2 class="wp-block-heading" id="h-the-five-personae-in-vietnamese-business">10 Lessons from the traffic decree 168 for managers-to-be</h2><h3 class="wp-block-heading" id="h-1-the-frozen-civil-servant">1. <strong>Plan your decision from the ground to the top: nto the other way round</strong></h3><p>Any traffic policeman knows if motorbikes can not turn right due to punishing fines, it is hundreds of bike riders stuck at the red light every 45 seconds. The national registration statistics shows 87% of the 100Mio Vietnamese drive a scooter daily. Let's do a bit of Maths now, on traffic hours and vehicles to regulate: in Hochiminh City alone roughly 10,000,000 vehicles will circulate during the rush hours from 7-to-9am. A cross-road will have a flow 2 red lights x45 seconds ie.1.5 min divided by 120min (2 hours) that is 80 stop-go periods to entertain 125,000 at each stop all over the city. Obviously if we shrink the map to the 1-of-10 busiest nod of the road network, those have to maintain a flow for 1.250.000 mainly motorbikes. I let your imagination calculate the number of hours lost as the 1,250,000 motos actually stop at the red lights, no turning right allowed without signage.</p><h3 class="wp-block-heading" id="h-2-the-local-employee">2. <strong>Show authority and Decide Vs Make a decision... </strong></h3><p>More as the decree 168 collateral damages unravel... to be continued</p><figure class="wp-block-image size-full is-style-rounded"><a href="https://www.insuranceinasia.com/guide-to-travel-insurance-in-vietnam-2023/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2023/07/vietnam-insurance-expats-travel-o.png" alt="" class="wp-image-4547"></a></figure><h2 class="wp-block-heading" id="h-the-five-personae-in-vietnamese-business">In conclusion:</h2><p>Most people replicate what they are comfortable with. Shifting your mindset to adapt the new reality is the most difficult challenge a human being can achieve over his lifetime. May the Year of the Snake inspire us to change skin gracefully.</p><div class="wp-block-ultimate-post-wrapper ultp-block-505ac4"><div class="ultp-wrapper-block"><p>Subscribe to our newsletter and stay up-to-date with insights on what's happening in Vietnam and Asia.</p><div class="wp-block-buttons"><div class="wp-block-button"><a class="wp-block-button__link wp-element-button" href="https://www.riskinasia.com/risk-in-asia-newsletter/">Subscribe</a></div>
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</div></div></div></div></div></div>]]></content:encoded><pubDate>Mon, 03 Feb 2025 01:00:30 +0000</pubDate></item><item><title><![CDATA[The Moto Registration and Lucky Number Plates]]></title><link>https://www.riskinasia.com/blogs/post/the-moto-registration-and-lucky-number-plates-2</link><description><![CDATA[Part 2 of the ‘Unraveling Corruption in Vietnam - Catch 22’ series The new law and regulation on vehicle ownership and registration will be strictly en ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_d5wosGFtT52oVsPCraYBnw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_UrSVcavZT3eLg8pJll8LlQ" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_8AmTWY0AS5ytq93mzA9ZFg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_nrvqdO0HSIyfA1M2LxOZPw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><div class="wp-block-columns"><div class="wp-block-column"><h2 class="wp-block-heading">Part 2 of the ‘Unraveling Corruption in Vietnam - Catch 22’ series</h2><p>The new law and regulation on vehicle ownership and registration will be strictly enforced.</p><h2 class="wp-block-heading">Cracking Down on Motorbike Ownership and Registration</h2><p>In Vietnam, motorbikes are more than just a mode of transportation; they are an integral part of the culture. However, over the years, this has led to lax practices in motorbike registration, opening the door to corruption and illegal activities. In a bid to curb these issues, the Ministry of Transportation recently introduced a new law that is set to be strictly enforced. Starting from 15th August, motorbike owners must have the registration card in their name and the original plate on the caveat, known as the "carte verte à legacy of French colonial administration." This article delves into the implications of this new regulation, focusing on the challenges it poses, especially for expatriates and motorbike enthusiasts.</p></div>
<div class="wp-block-column"><figure class="wp-block-image aligncenter size-large is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2023/10/moto-ownership-1024x683.png" alt="" class="wp-image-4746"></figure></div>
</div><h2 class="wp-block-heading"><strong>The History of Non-Compliance</strong></h2><p>For many years, the practice of motorbike ownership and registration in Vietnam has been unique. It has been common for motorbikes to stay within families, passing from one generation to the next without the need to change plates or the caveat. Consequently, the Department of Registration has been registering a massive number of new motorbikes annually, approximately 1,000,000 countrywide. This culture of keeping motorbikes within families made any "extra service" for used motorbikes unwelcome, unless a certain "coffee money" was paid. Riding a family member's or friend's motorbike was as commonplace as breathing air in Vietnam.</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/political-and-economical-revival-in-vietnam-navigating-uncertainty-and-systemic-risk/ </div>
</figure><h2 class="wp-block-heading"><strong>New Regulation to Combat Theft and Scams</strong></h2><div class="wp-block-columns"><div class="wp-block-column"><figure class="wp-block-image size-full is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2023/10/Lucky-car-moto-plates.jpg" alt="" class="wp-image-4744"></figure></div>
<div class="wp-block-column"><p>While this longstanding practice has had its merits, it has also led to certain downsides. A new trend emerged involving the theft of motorbikes and scams related to "borrowed" motorbikes that did not legally belong to the riders but were pawned for quick cash before disappearing. Furthermore, there were reports of illegal trading of "lucky number plates" within the police transportation registry. These plates, often ending in numbers 8 or 9, could fetch thousands of dollars without any money reaching the state's coffers.</p></div>
</div><h2 class="wp-block-heading"><strong>Ministry of Transportation's Decree</strong></h2><p>In response to these challenges, the Ministry of Transportation decided to take immediate action. Their new decree, which came into effect within 30 days of its announcement, mandates that all vehicles should be registered under the name of the owner as per the model and number plate. This regulation aims to combat corruption and illegal practices that have plagued the vehicle registration system. However, its implementation has posed significant difficulties.</p><h2 class="wp-block-heading"><strong>Challenges for Expats</strong></h2><div class="wp-block-columns"><div class="wp-block-column"><p>This new regulation has created substantial challenges, especially for expats living in Vietnam. Expats often face a two-fold problem - firstly, they cannot legally sell and change the ownership of a motorbike without a proper Resident Card or a long-term visa of the buyer. Secondly, finding the previous expat owners, who may have sold the motorbike due to relocation, is an arduous task. The documentation required for this process is often incomplete, adding to the complexity of the situation.</p></div>
<div class="wp-block-column"><figure class="wp-block-image size-large is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2023/10/Lucky-car-plates-by-police-1024x682.jpg" alt="" class="wp-image-4743"></figure></div>
</div><h2 class="wp-block-heading"><strong>The Unintended Consequences of the Decree</strong></h2><div class="wp-block-columns"><div class="wp-block-column"><figure class="wp-block-image size-full is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2023/10/Lucky-car-rolls-plates-2.jpg" alt="" class="wp-image-4745"><figcaption class="wp-element-caption"> What is called a beautiful license plate. </figcaption></figure></div>
<div class="wp-block-column"><p>Since the 15th of August, the 30-day waiting period for the new decree has lapsed, and it has already begun to have unintended consequences. Second-hand motorbike dealers are struggling to trace back the original registration card owner, and many are on the brink of bankruptcy. Expatriates have become easy targets for the police to verify ownership through the carte verte. Additionally, enthusiasts who purchased "lucky number plates" without proper invoices are now facing fines.</p></div>
</div><h2 class="wp-block-heading"><strong>The Need for Caution and Reevaluation</strong></h2><p>In this situation, it becomes evident that the swift implementation of the decree without a thorough assessment of the implications has led to a clear and present danger for many. It is crucial to recognize that the lower levels of government may sometimes mistake speed for efficiency, and decisiveness for smart decision-making. While the intent behind the regulation is to curb corruption and illegal activities, it is equally vital for the authorities to consider the practical challenges that have arisen due to its hasty implementation.</p><figure class="wp-block-image size-full is-style-rounded"><a href="https://www.insuranceinasia.com/personal-family-2/car-motor-insurance/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2022/08/ad-vietnam-moto-expats.png" alt="" class="wp-image-3940"></a></figure><div style="height:30px;" class="wp-block-spacer"></div>
<p>As we created a section about <a href="https://www.riskinasia.com/category/timing-risks/">Time and Timing</a>, this is fairly often that the low level of the government officers lead to inadequate decisions and decree mistaking speed with efficiency, or decisiveness with smartness. In this dead end situation, it is urgent to wait and see when the authorities will ‘Undecide’.</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/the-covid-repatriation-scandal/ </div>
</figure><div class="wp-block-ultimate-post-wrapper ultp-block-ed49ee"><div class="ultp-wrapper-block"><p>Subscribe to our newsletter and stay up-to-date with insights on what's happening in Vietnam and Asia.</p><div class="wp-block-buttons"><div class="wp-block-button"><a class="wp-block-button__link wp-element-button" href="https://www.riskinasia.com/risk-in-asia-newsletter/">Subscribe</a></div>
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</div></div></div></div></div></div>]]></content:encoded><pubDate>Fri, 24 Jan 2025 18:39:41 +0000</pubDate></item><item><title><![CDATA[10 Reasons Why Vietnam Struggles to Become a Medical Tourism Hub]]></title><link>https://www.riskinasia.com/blogs/post/10-reasons-why-vietnam-struggles-to-become-a-medical-tourism-hub</link><description><![CDATA[Estimated reading time: 4 minutes Vietnam faces multiple challenges that prevent it from becoming a leading medical tourism destination. This comprehen ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_i-a4UYjpTBOrFH96vIU1Fg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_3SG2npxESrmw8p_x6Hv7ng" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_1SgULlRKT96paNrgjo6PJA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_VRT-yynXS2Wem5S25SUZVg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><p class="yoast-reading-time__wrapper"><span class="yoast-reading-time__icon"></span><span class="yoast-reading-time__descriptive-text">Estimated reading time: </span><span class="yoast-reading-time__reading-time">4</span><span class="yoast-reading-time__time-unit"> minutes</span></p><div class="wp-block-columns"><div class="wp-block-column"><p>Vietnam faces multiple challenges that prevent it from becoming a leading medical tourism destination. This comprehensive post highlights the major barriers to Vietnam’s growth as a medical tourism hub and offers a clear comparison with neighboring countries.&nbsp;</p><p>Although neighboring countries like Thailand and Singapore have successfully positioned themselves as healthcare hubs, Vietnam is falling behind due to several factors:</p><h2 class="wp-block-heading" id="h-a-bit-of-history-on-world-class-healthcare-providers-since-2003">1. Lack of a High-Quality Healthcare System</h2><p>Over the past two decades, the demand for world-class healthcare services has been on the rise globally. Countries like Singapore and Thailand have become medical tourism hubs, attracting patients from around the world seeking top-notch <a href="https://www.riskinasia.com/finding-the-best-hospital-for-your-medical-needs-in-vietnam-in-2023/">medical treatments and facilities</a>.</p></div>
<div class="wp-block-column"><figure class="wp-block-image aligncenter size-full is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2024/11/Medical-tourism-Vietnam.jpg" alt="" class="wp-image-5184"></figure></div>
</div><p>While some hospitals, such as FV Hospital, Vinmec, and AIH, offer modern facilities, the majority of Vietnam’s healthcare infrastructure is underdeveloped compared to leading medical tourism destinations. The high costs of management and ensuring international standards hinder wider improvements across the sector.</p><h2 class="wp-block-heading" id="h-fv-hospital-the-only-international-standard-hospital">2. Shortage of Highly Skilled Medical Professionals</h2><p>Vietnam has competent medical professionals, but they lack the extensive international training and collaborative culture seen in places like Thailand or Singapore. The country’s healthcare system also makes it difficult for foreign doctors to practice, limiting the sharing of global best practices. Multilingual medical staff is also scarce, limiting the appeal for international patients.</p><h2 class="wp-block-heading" id="h-the-real-level-of-healthcare-in-vietnam">3. Limited Range of Specialized Medical Services</h2><p>Vietnam offers basic medical services but lacks specialization in areas such as oncology, advanced cardiology, and fertility treatments. Holistic healthcare options, including wellness and rehabilitation centers, are not widely available, which limits Vietnam’s appeal for patients seeking comprehensive care.</p><figure class="wp-block-image size-full is-resized"><img src="https://www.riskinasia.com/wp-content/uploads/2024/11/medical-tourism-market.jpg" alt="" class="wp-image-5185" style="width:841px;height:auto;"></figure><h2 class="wp-block-heading" id="h-the-healthcare-system-vs-competitive-market-forces">4. Minimal Government Support and Inefficient Healthcare Policies</h2><p>Unlike Thailand and Singapore, Vietnam’s government does not actively promote the country as a medical hub. Policies are not designed to foster growth in the medical tourism sector, and private hospitals are often seen as competition rather than partners in improving healthcare. The lack of transparency in government procurement and healthcare regulations further stifles the industry’s growth.</p><figure class="wp-block-image size-full is-style-rounded"><a href="https://www.insuranceinasia.com/personal-family-2/health-insurance-4/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2022/08/ad-vietnam-a-top-destination-for-expats.png" alt="Healthcare insurance for expats." class="wp-image-3906"></a></figure><h2 class="wp-block-heading" id="h-tmg-s-high-value-purchase-of-fv-hospital">5. Poor Strategic Location and Accessibility for Medical Tourists</h2><p>Despite its central location in Southeast Asia, Vietnam lacks dedicated visas for long-term medical patients or retirees. Overcrowded airports and insufficient infrastructure for medical evacuations also deter international patients.</p><h2 class="wp-block-heading" id="h-a-step-towards-excellence-or-medical-tourism-hub">6. Long Waiting Times Due to Bureaucracy</h2><p>Vietnam’s healthcare system suffers from inefficiencies, including long waiting times for procedures, which contrasts with the streamlined processes in medical tourism hubs like Thailand. This creates a significant disadvantage for patients who prioritize speed and convenience.</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/finding-the-best-hospital-for-your-medical-needs-in-vietnam-in-2023/ </div>
</figure><h2 class="wp-block-heading" id="h-lack-of-competition-and-infrastructure-impacting-costs">7. Hygiene and Safety Concerns</h2><p>Although Vietnam is politically stable, its healthcare infrastructure, particularly in hygiene and sanitation, does not meet global standards. This not only reduces patient confidence but also increases operating costs for hospitals.</p><h2 class="wp-block-heading" id="h-lack-of-competition-and-infrastructure-impacting-costs">8. Limited Cost-Effective Solutions and Packages</h2><p>While Vietnam’s healthcare costs are lower than in Western countries, they are still not competitive enough compared to other medical tourism destinations in the region. Vietnam also lacks comprehensive, all-inclusive packages that cover medical treatment, post-operative care, and tourism, which are common in other countries.</p><figure class="wp-block-image size-full"><img src="https://www.riskinasia.com/wp-content/uploads/2024/11/most-travelled-destinations-for-medical-tourism.png" alt="" class="wp-image-5183"></figure><h2 class="wp-block-heading" id="h-lack-of-competition-and-infrastructure-impacting-costs">9. Weak Tourism and Recovery Options for Patients</h2><p>Post-treatment care facilities are scarce, and Vietnam lacks long-term medical visas. Although the country offers attractive tourism experiences, these are not effectively integrated into medical tourism packages, unlike in Thailand or Singapore.</p><h2 class="wp-block-heading" id="h-lack-of-competition-and-infrastructure-impacting-costs">10. Lack of Technological Innovation and Medical Research</h2><p>Vietnam lags in adopting telemedicine and other health tech solutions that facilitate international healthcare. Additionally, the country does not prioritize medical research and development, limiting its ability to compete with leading medical tourism destinations that offer cutting-edge treatments and personalized medicine.</p><h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2><p>These combined factors hinder Vietnam’s ability to emerge as a top destination for medical tourism. The country lacks specialized services, government support, and a healthcare infrastructure that can compete with regional leaders like Thailand and Singapore. Without addressing these critical issues, Vietnam is likely to remain a less attractive option for international patients seeking high-quality, specialized medical care.</p><div class="wp-block-group"></div>
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</div></div></div></div></div></div>]]></content:encoded><pubDate>Wed, 06 Nov 2024 17:28:41 +0000</pubDate></item><item><title><![CDATA[Why the Michelin Guide Vietnam 2024 Will Continue to Spark Controversy: Part 3 Protecting brands, chef image and reputation in a copycat country]]></title><link>https://www.riskinasia.com/blogs/post/why-the-michelin-guide-vietnam-2024-will-continue-to-spark-controversy-part-3-protecting-brands-chef</link><description><![CDATA[Estimated reading time: 8 minutes Michelin Guide 2024: Challenges Facing Vietnam’s Culinary Scene - IP Rights and Brand Protection The Michelin Guide 20 ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_7mddBs1LTpGhX3slxIL16A" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_6z5I30YBQoOsWlmi4IdGNw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_gbw9RGw0SXSkC8BfGT-4-A" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_MiarUGLKQEelH81bkAqKIA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><p class="yoast-reading-time__wrapper"><span class="yoast-reading-time__icon"></span><span class="yoast-reading-time__descriptive-text">Estimated reading time: </span><span class="yoast-reading-time__reading-time">8</span><span class="yoast-reading-time__time-unit"> minutes</span></p><h2 class="wp-block-heading">Michelin Guide 2024: Challenges Facing Vietnam’s Culinary Scene - IP Rights and Brand Protection</h2><div class="wp-block-columns"><div class="wp-block-column"><p>The Michelin Guide 2024 has spotlighted Vietnam’s flourishing culinary landscape, drawing global attention and new accolades. However, this rise in recognition also introduces serious concerns for Vietnam’s gastronomic community. Critics and insiders have expressed worries about potential biases, questionable selections, and intellectual property issues that could threaten the guide’s credibility in the country.</p><p>Looking at this copy of the 'Michilen bib', the plaques and the pale copies of chefs recipes and venues are already looming to discredit the emerging Michelin Guide in Asia.</p></div>
<div class="wp-block-column"><figure class="wp-block-image aligncenter size-full is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-copy-bibendum.jpg" alt="" class="wp-image-5163"></figure></div>
</div><h1 class="wp-block-heading">Bias Concerns Michelin’s Partnership -Sun Group?-: Michelin on protecting the brand reputation and integrity</h1><p>One of the primary concerns revolves around potential biases in the selection process. The Michelin Guide’s close relationship with Sun Group, its main sponsor in Vietnam, has sparked discussions about impartiality. Critics suggest that this affiliation could lead to favoritism towards Sun Group-associated establishments, potentially sidelining deserving, independent restaurants. Such a perception risks undermining the <a href="https://www.riskinasia.com/michelin-guide-2024-vietnam-controversy-over-brands-celebrities-and-ip-rights/" target="_blank" rel="noreferrer noopener">Michelin Guide’s longstanding reputation for impartiality</a>, which is rooted in recognizing culinary excellence.</p><p>As the Michelin Guide continues to expand beyond its traditional roots in France, it may be time to clarify the guide's evolving strategy and approach. This transparency would help readers understand any initial challenges, setting the stage for future, refined editions beyond <a href="https://www.riskinasia.com/michelin-stars-stir-controversy-in-vietnam-and-asia/" target="_blank" rel="noreferrer noopener">the inaugural 2023 release</a>.</p><h1 class="wp-block-heading">Questionable Restaurant Eligibility and Standards: Michelin communicating on the Guide purpose</h1><div class="wp-block-columns"><div class="wp-block-column"><p>The Michelin Guide 2024 has spotlighted Vietnam’s flourishing culinary landscape, drawing global attention and new accolades. We found a Google-Map of the Michelin venues -Courtesy Mr Ho- so that foodies and fans do not get fooled by copycats or smart google experts far away from Chefs delivering culinary delights</p><p>To avoid any purposedly misleading disappointment You can use &amp; share the Mapped Michelin selection: <a href="https://maps.app.goo.gl/Ap8pxb7yRvVpdsCe7">Hochiminh City </a>| <a href="https://maps.app.goo.gl/2Z94VJpg38XXB6wG8">Michelin Danang</a> | <a href="https://maps.app.goo.gl/NRRyqEtiefV78xZL6">Michelin Hanoi</a></p></div>
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</div><p>Is Michelin Vietnam Guide about star chefs and food, tourism with a culinary twist or a visitor’s Vietnam ambiance experience?&nbsp;</p><p>Further complicating Michelin’s position in Vietnam are questions surrounding the eligibility and quality of some selected restaurants. Culinary experts and critics have highlighted inconsistencies in food quality and service among certain listings. There have even been cases where restaurants reportedly received recognition despite not meeting Michelin’s rigorous standards. These criticisms raise concerns that the guide may prioritize quantity and diversity in its local list over maintaining its traditional standards, potentially diluting the prestige associated with Michelin accolades. Local chefs, upon inspection of the Bib and “Selected” listings, have also expressed surprise at certain inclusions.</p><p><em>Read More: Part-2 Michelin Guide Vietnam 2024 - A Journey of Good Food and Tourist Experience</em></p><h1 class="wp-block-heading">Intellectual Property (IP) and chef-brand protection Challenges in Vietnam’s Culinary Scene</h1><p>Intellectual property rights and brand protection present another unique challenge for the Michelin Guide in Vietnam. IP enforcement has long been an issue across industries in Vietnam, including the culinary sector.&nbsp;</p><h2 class="wp-block-heading">Protect yourself and Michelin Guide will protect you eventually?</h2><p>There are increasing concerns that some Michelin-labeled restaurants may be mimicking dishes, concepts, or even entire restaurant identities from established Michelin-recognized venues. This could mislead both local diners and international tourists regarding the authenticity of the Michelin selections.</p><p>For example, shortly after receiving a Michelin selection, one prominent French restaurant faced an unanticipated closure due to partner-related issues. In Vietnam, where property ownership can be challenging for foreigners and leasing options are expensive, especially in high-demand areas, finding reliable partnerships is critical. Additionally, the lack of comprehensive labor laws in the F&amp;B industry makes maintaining quality staffing difficult.</p><figure class="wp-block-image size-large"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-Herve-story-1024x265.jpg" alt="" class="wp-image-5166"></figure><h2 class="wp-block-heading">Protecting Brand Identity in Vietnam’s Competitive Market</h2><p>To sustain brand identity and safeguard culinary innovations, savvy strategies for SEO and social media branding are essential. Consider the famous “Bun Cha Obama” restaurant in Hanoi. Despite its iconic association with President Obama and Anthony Bourdain, the restaurant has faced brand challenges. Opportunistic entrepreneurs and tech-savvy individuals have used “bun cha ca Obama” as an online search term, and a competing chain named “Cha Ca Obama” has emerged, stretching from Hanoi to Ho Chi Minh City. Vietnamese chef-entrepreneurs must have a robust plan for safeguarding their brand names, ensuring they remain protected and exclusive.</p><h2 class="wp-block-heading">Deterring “Copycat” Culture: IP Protection and Street Enforcement</h2><figure class="wp-block-image size-large"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-90-94-nem-cua-street-marked-1024x464.jpg" alt="" class="wp-image-5167"></figure><p>Vietnam has gained a reputation for quickly replicating successful restaurant brands, recipes, and loyal customer bases. The iconic “Mien Cua Be 94” restaurant on 94 Dinh Tien Hoang Street, known for its crab noodle soup, faced a direct copycat competitor, “Mien Cua Be 94,” which opened at number 90 on the same street. Ironically, the copycat version secured a Michelin Guide selection. The prevalence of such cases in Vietnam underscores the urgent need for IP protection, enforcement, and clear branding practices to prevent customer confusion.</p><figure class="wp-block-image size-full is-style-rounded"><a href="https://www.insuranceinasia.com/personal-family-2/health-insurance-4/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2022/08/ad-vietnam-a-top-destination-for-expats.png" alt="Healthcare insurance for expats." class="wp-image-3906"></a></figure><h1 class="wp-block-heading">Conclusion: Michelin Guide’s Role in Addressing Vietnam’s Culinary Challenges</h1><p>As the Michelin Guide 2024 continues to celebrate Vietnam’s culinary landscape, the challenges surrounding IP rights, brand, and chef name protection are more apparent than ever. The Michelin Guide’s integrity, alongside the country’s culinary reputation, is under close observation, with hope that transparency and fairness will guide future editions. This could also mark a pivotal opportunity for Michelin’s management to affirm its independence and commitment to its food-loving fan base worldwide.</p><div class="wp-block-ultimate-post-wrapper ultp-block-62e87a"><div class="ultp-wrapper-block"><p>Subscribe to our newsletter and stay up-to-date with insights on what's happening in Vietnam and Asia.</p><div class="wp-block-buttons"><div class="wp-block-button"><a class="wp-block-button__link wp-element-button" href="https://www.riskinasia.com/risk-in-asia-newsletter/">Subscribe</a></div>
</div></div></div><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/the-best-restaurants-in-vietnam-2023/ </div>
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</div></div></div></div></div></div></div></div>]]></content:encoded><pubDate>Tue, 29 Oct 2024 11:21:45 +0000</pubDate></item><item><title><![CDATA[Mission Impossible: find a top leader for Vietnam, more Presidents since 2023]]></title><link>https://www.riskinasia.com/blogs/post/mission-impossible-find-a-top-leader-for-vietnam</link><description><![CDATA[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 D ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_oQwoCJK7QPO0p56lcSUyPA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_kMYxTbaBSf2esd-WDYjHgw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_z84XrFO5Qx2iEdC2QjMpEA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_3qPBgjOXSnaeBAcBHoYp6w" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><p>So, <strong>why is it so difficult to recruit a good president</strong> for Vietnam's stability and growth?</p><p>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.</p><div class="wp-block-columns"><div class="wp-block-column"><p>The calendar is dizzying in between deaths, resignations, dismissals and other nominations of high ranking Vietnamese presidents 'the 4 pilars'.</p><ul class="wp-block-list"><li>19-july-2024 Death of Nguyen Phu Trong, The Pilar, 1st general secretary of the Communist Party of Vietnam since 2011</li><li>22-May-2024 Nomination of Mr To Lam as president to replace Vo Van Thuong</li><li>2-may-2024 Trần Thanh Mẫn replaces Mrs Trương Thị Mai</li><li>May-2024 Trương Thị Mai is nominated to replace Mr <em>Vương Đình Huệ</em> 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</li><li>On 26 April 2024, another pilar, Mr Vuong Dinh Hue, president of the National assembly resigns.</li><li>Elected on 2-mar-2023 <em>Why did Vietnam new president Vo Van Thuong resign after one year on 20-march 2024?</em><a href="https://tuoitre.vn/trung-uong-dang-dong-y-de-ong-vuong-dinh-hue-thoi-giu-cac-chuc-vu-2024042613221248.htm" target="_blank" rel="noreferrer noopener">is the question everyone asks</a>.</li></ul><p>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.</p><p>We will write more on what are the 'Unique party' internal fighting forces, but more importantly how those internal forces freezes Vietnam development.</p><h2 class="wp-block-heading">NURTURING From an early age communist party youth association to vietnam president</h2><p>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.</p><figure class="wp-block-image aligncenter size-full is-style-rounded"><img src="https://www.riskinasia.com/wp-content/uploads/2024/04/Partner-President-mission-impossible.jpg" alt="" class="wp-image-4966"></figure></div>
</div><p>What is it that the youth are attracted to today?</p><div class="wp-block-columns"><div class="wp-block-column"><ul class="wp-block-list"><li>Youth attraction for consumption: goods, services, sex, drugs, addiction, higher education including in politics, expat lifestyle&nbsp;</li><li>Youth attraction for money, business and political power, go private or go foreign young man</li><li>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!</li></ul></div>
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</div><h2 class="wp-block-heading">RECRUITING president Vo Van Thuong with Ethics, Brain and Energy after Nguyen Xuan Phuc eviction and Tran Dai Nghia sudden death</h2><p>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.</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/reliable-news-in-vietnam </div>
</figure><ul class="wp-block-list"><li>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.</li><li>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.&nbsp;</li><li>When the salary at the end of a career is 1200$/month for a minister, it is impossible to attract talents willing to wait until you retire (or die as the top positions in the party have no age limit): any sane HR manager would give up. The saying goes ‘pay peanuts, get monkeys’. In a land of opportunity where everything is for grab for pioneers and entrepreneurs most Vietnamese with brain and energy goes private, let alone the famous business blood flowing naturally in any Vietnamese&nbsp;</li></ul><h2 class="wp-block-heading">TRAIN the leader to climb up the rungs of from, party first secretary of Quang Ngai province, all the way up to President of Vietnam without succumbing to corruption temptation over the years</h2><p>To be trained in the virtues of the party takes a long time. Preaching ethical conduct also takes lengthy hours of provincial, public and national assembly gathering. One of the most difficult and time consuming parts is advocating for growth with a very meager budget. Of course, leaders have to deal with sustainable development in Vietnam where infrastructures are poor, that includes the University higher education backwardness that explains Intel, NVidia and hi-tech powerhouses snail pace.<br> How under those circumstances, can a visionary leader emerge to lead Vietnam into AI, semicon, clean energy and sustainable development?</p><ul class="wp-block-list"><li>As you climb up in power and travel, the temptation is great to be part of the many pleasures of the consumers world: from dinner at Salt Bae restaurant to owning a ferrari… not the best role model when the GDP per person&nbsp; is 385$/month</li><li>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.</li><li>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.</li></ul><h2 class="wp-block-heading">RETAIN &amp; 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’.</h2><p>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.&nbsp;</p><div class="wp-block-columns"><div class="wp-block-column"><p>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.</p></div>
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</div><p>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.</p><p>The mainly U35 generation -Educated, ambitious and hitech connected- is more than ready.&nbsp;</p><ul class="wp-block-list"><li>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.</li><li>You have Full power as long as ‘me and you stay in power’ and aligned&nbsp;</li><li>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.</li></ul><figure class="wp-block-image aligncenter size-full is-resized is-style-rounded"><a href="https://www.insuranceinasia.com/personal-family-2/travel-insurance/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2023/07/vietnam-insurance-expats-travel-o.png" alt="" class="wp-image-4547" style="width:840px;height:auto;"></a></figure></div>
</div></div></div></div></div></div></div>]]></content:encoded><pubDate>Wed, 23 Oct 2024 18:11:00 +0000</pubDate></item><item><title><![CDATA[Why the Michelin Guide Vietnam 2024 Will Continue to Spark Controversy: part #1 History of the Guide France Vs Asia]]></title><link>https://www.riskinasia.com/blogs/post/michelin-guide-2024-vietnam-controversy-over-brands-celebrities-and-ip-rights</link><description><![CDATA[Estimated reading time: 8 minutes The release of the Michelin Guide Vietnam 2024 is expected to reignite the debates that began with its first publicat ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_Eeb-s3i8QRa28HKIzVetzw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_r-JgYhD7QiKWvifT6x2lGg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_Lu92BgN1RbeJn-EgOU-RyA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_EwlEQ3NzQ1qRqRcCUOlYaw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><p class="yoast-reading-time__wrapper"><span class="yoast-reading-time__icon"></span><span class="yoast-reading-time__descriptive-text">Estimated reading time: </span><span class="yoast-reading-time__reading-time">8</span><span class="yoast-reading-time__time-unit"> minutes</span></p><div class="wp-block-columns"><div class="wp-block-column"><p>The release of the Michelin Guide Vietnam 2024 is expected to reignite the debates that began with its first publication. The Michelin Guide in Asia, particularly in Vietnam, has faced criticism for not being "what it used to be" compared to the original Michelin Guide in France. However, this perspective needs to be understood in context.</p><p>The Michelin Guide originated in France as a benchmark for culinary excellence, focusing on the finest in food and hospitality. However, in the early 2000s, the guide faced a crisis as digital platforms like TripAdvisor emerged, offering user-generated reviews that threatened Michelin’s traditional model. To avoid bankruptcy, the Michelin Guide evolved from being a purely gastronomic French review into a broader culinary and food guide that now encompasses a wider range of dining experiences in each country it is published.</p></div>
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</div><p>In this 3 parts article on Michelin brand and standards communication and controls in developing countries like Vietnam and Asean:</p><ol class="wp-block-list"><li>We will delve into the historical evolution of the Michelin Guide in France then in Asia, exploring how it transitioned from a French culinary authority to a global foodie's guide.&nbsp;</li><li>We will also clarify the significance of Michelin stars, Bib Gourmand, and Selected restaurant distinctions, specifically within the context of Vietnam and Asia. These changes have sparked controversy among traditionalists who argue that the guide's expansion and diversification have diluted its original purpose.</li><li>Finally, the Michelin Guide's operations in developing countries like Vietnam have raised further concerns: the control of IP rights and the brands control. The risk of biased commercial selections, <a href="https://www.riskinasia.com/why-the-michelin-guide-vietnam-2024-will-continue-to-spark-controversy-part-3-protecting-brands-chef-image-and-reputation-in-a-copycat-country/">misled patrons, Michelin inspectors, and the misuse of the Michelin brand </a>have come under scrutiny. Issues such as copycat signature dishes by rogue ex-employees and brand infringements highlight the challenges Michelin faces in maintaining its integrity in rapidly developing markets.</li></ol><p>As the Michelin Guide continues to expand in Vietnam, the ongoing debates around its role and relevance are likely to persist, particularly as it navigates the complex dynamics of a global culinary landscape that is far different from its origins in France.</p><h1 class="wp-block-heading">The Michelin Guide to Vietnam: A Historical Journey from France to Global Culinary Influence</h1><h2 class="wp-block-heading">The Michelin Guide, one of the world’s most revered culinary references, began its journey in France in 1900.&nbsp;</h2><p>Initially, the guide was conceived by the Michelin brothers, André and Édouard, as a promotional tool for their tire company. Aimed at encouraging automobile travel, the guide provided useful information such as maps, tire repair instructions, and a list of restaurants and hotels. Its restaurant recommendations, however, quickly became its most popular feature, setting the stage for the Michelin Guide's future as a culinary authority.</p><figure class="wp-block-image size-full"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-guide-1900.jpg" alt="" class="wp-image-5153"></figure><h2 class="wp-block-heading">Throughout the 20th century, the Michelin Guide's influence grew exponentially.&nbsp;</h2><p>By the mid-century, it had established a rigorous and secretive inspection process, awarding one, two, or three stars to restaurants based on the quality of their cuisine. These stars became coveted symbols of culinary excellence. By the early 2000s, the guide had solidified its reputation as the ultimate arbiter of fine dining in France and, gradually, in other parts of Europe.</p><h2 class="wp-block-heading">However, the early 2000s brought challenges that nearly led to the guide's demise.&nbsp;</h2><p>The rise of online review platforms like TripAdvisor and the proliferation of competing restaurant guides threatened Michelin’s dominance. The traditional model of anonymous, professional inspections was increasingly seen as out of touch in a digital age where user-generated content was gaining trust. As a result, the Michelin Guide faced declining sales and relevance, pushing it to the brink of bankruptcy.</p><figure class="wp-block-gallery has-nested-images columns-default is-cropped"><figure class="wp-block-image size-large"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-Guide-TripAdvisor-LaFourchette-2.png" alt="" class="wp-image-5159"></figure><figure class="wp-block-image size-large"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-Tokyo-2008-1-1024x734.jpeg" alt="" class="wp-image-5157"></figure><figure class="wp-block-image size-large"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/Michelin-guide-VN-small-1024x576.jpg" alt="" class="wp-image-5158"></figure></figure><h2 class="wp-block-heading">The Michelin Guide embarked on a bold revival strategy.&nbsp;</h2><p>Under the leadership of Gwendal Poullennec, appointed CEO in 2018. Previously head of Marketing, Poullennec expanded the guide's reach, accelerating its internationalization with editions in new countries across Asia, North America, and beyond. He also embraced digital transformation, incorporating user feedback and enhancing the guide's online presence. This strategy not only revived the Michelin Guide but also strengthened its position as a global culinary benchmark.</p><figure class="wp-block-image size-full is-style-rounded"><a href="https://www.insuranceinasia.com/personal-family-2/health-insurance-4/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2022/08/ad-vietnam-a-top-destination-for-expats.png" alt="Healthcare insurance for expats." class="wp-image-3906"></a></figure><p>Today, the Michelin Guide continues to be a symbol of excellence, evolving with the times while maintaining its core values of quality and tradition. Its journey from a humble tire company’s bulletin</p><figure class="wp-block-embed is-type-wp-embed is-provider-risk-in-asia wp-block-embed-risk-in-asia"><div class="wp-block-embed__wrapper"> https://www.riskinasia.com/the-best-restaurants-in-vietnam-2023/ </div>
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</div></div></div></div></div></div></div>]]></content:encoded><pubDate>Fri, 18 Oct 2024 19:58:09 +0000</pubDate></item><item><title><![CDATA[US Commerce denies 2002-2024 revision of Vietnam NME Non Market Economy status]]></title><link>https://www.riskinasia.com/blogs/post/vietnam-2024-nme-non-market-economy-revision-denied</link><description><![CDATA[The US Department of Commerce conducted this review of Vietnam’s status as a non market economy (NME) country in response to a request by the Governme ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_X5OHeSCeSDevCNhM-ue9zA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_Plqr6F__SlCyEbs37sYzXQ" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_V9WbABWaSz21eMgxUYfBBw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_6xSfR0X0SOi8tRodyjo1Ew" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><p>The US Department of Commerce conducted this review of Vietnam’s status as a non market economy (NME) country in response to a request by the Government of Vietnam on September 8, 2023, within the context of a changed circumstances review (CCR) of the U.S. antidumping (AD) order on raw honey from Vietnam. As the GOVN submitted sufficient justification for a reevaluation of Vietnam’s NME status, US Commerce determined that good cause existed to initiate its review on October 30, 2023. Since 2022, Vietnam exports to the USA has been decreasing (see graphics); a Market Economy recognition would attract favorable nations taxation tarifs on imports by the USA thus boosting Vietnam exports volumes.</p><p>In response to Vietnam’s request to reconsider its 2002 classification as a non-market economy (NME) under U.S. antidumping (AD) law, the U.S. Department of Commerce has reaffirmed Vietnam’s NME status in a 2024 review. This conclusion follows a comprehensive analysis of Vietnam's economy, focusing on key structural issues that continue to hinder its full transition to a market economy. Despite significant reforms since the 1986 launch of “Doi Moi,” Vietnam’s persistent government intervention in economic decision-making still distorts pricing and resource allocation. This review considers six statutory factors, highlighting ongoing challenges despite Vietnam's impressive growth.</p><h2 class="wp-block-heading"><strong><em>You can access the <a href="https://drive.google.com/file/d/1mmfSEv6GVuP1y62G5YwpGSPJEv8WMw2g/view?usp=sharing">US Commerce dept Vietnam NME 284-page decision review.</a> The Subscriber/Insider's resources folders are securized by Google, you may have to provide an email address or email me your request to Editor@riskinAsia.com </em></strong></h2><figure class="wp-block-image size-full"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/VN-USA-trade-invest.jpg" alt="" class="wp-image-5135"></figure><h1 class="wp-block-heading">Background and Economic Reforms in Vietnam</h1><p>Vietnam embarked on the Doi Moi reforms in 1986 to transition from a centrally planned economy to one more aligned with market principles. These efforts have been largely successful in fostering rapid economic growth. According to the International Monetary Fund (IMF), Vietnam's per capita GDP growth since 1990 ranks second only to China, and its poverty reduction has been remarkable, lifting 40 million people out of poverty between 1993 and 2014.</p><p>Despite joining the World Trade Organization (WTO) in 2007 and further integrating into the global economy, the U.S. Department of Commerce first classified Vietnam as an NME in 2002. That classification meant U.S. antidumping duties applied to Vietnamese goods are based on pricing comparisons with other countries, due to concerns that Vietnamese prices do not accurately reflect market conditions. Vietnam's government requested a review of this status in 2023, citing ongoing reforms, but Commerce's review concluded that significant challenges remain.</p><h1 class="wp-block-heading">Key Factors in Commerce’s Analysis of Vietnam economy</h1><h2 class="wp-block-heading">1. Currency Convertibility: the Ministry of Finance allocates the rights</h2><p>Since 2002, Vietnam has made progress toward currency convertibility, including assuming IMF Article VIII obligations, which promote the convertibility of goods and services. The Vietnamese dong's trading band has been expanded, and the government has reduced its intervention in the foreign exchange market. However, the State Bank of Vietnam remains under government control, and the dong was listed as a manipulated currency by the U.S. Treasury until 2022. While Vietnam has made strides, restrictions on convertibility remain, keeping the country from full currency liberalization.</p><h2 class="wp-block-heading">2. Wage Determination: MOLISA Vietnam Ministry of Labour Invalids and Social Affairs</h2><p>Vietnam has passed new labor laws, most notably the Vietnam Labor Code of 2019, which allows the formation of unions and collective bargaining. However, the state-controlled Vietnam General Confederation of Labor (VGCL) remains the only legal union, limiting workers' ability to freely organize or strike. This lack of independent labor representation continues to prevent truly free bargaining between labor and management, a key characteristic of a market economy.</p><figure class="wp-block-image aligncenter size-full is-style-rounded"><a href="https://www.insuranceinasia.com/personal-family-2/health-insurance-4/" target="_blank" rel="noreferrer noopener"><img src="https://www.riskinasia.com/wp-content/uploads/2022/08/ad-vietnam-a-top-destination-for-expats.png" alt="Healthcare insurance for expats." class="wp-image-3906"></a></figure><h2 class="wp-block-heading">3. Foreign Direct Investment (FDI) Environment: the MPI ministry of plan various 'sensitive' sectors</h2><p>Vietnam has become one of Southeast Asia’s most open economies to foreign investment, a major achievement of its reform efforts. Foreign direct investment (FDI) has risen steadily, driven by Vietnam’s economic openness. However, significant barriers remain, such as restrictions on FDI in certain sectors, lack of regulatory transparency, and weak intellectual property protections. While FDI is crucial to Vietnam’s growth, these challenges prevent Vietnam from fully capitalizing on foreign investment opportunities.</p><h2 class="wp-block-heading">4. State Ownership of Production: favorable attribution of land and capital to the happy few</h2><p>Under the Doi Moi reforms, Vietnam’s state-owned enterprises (SOEs) have seen a reduction in their role in the economy, with their contribution to GDP falling from 40% in 2002 to a range between 20.6% and 30.2%. However, Commerce notes that official data likely underestimates the influence of SOEs. Many SOEs continue to receive favorable treatment, such as access to capital, leaving the private sector at a disadvantage. Additionally, the state retains control over land use, with all land being government-owned, limiting private ownership and control. As a result, SOEs still play an outsized role in key sectors of the economy, distorting market forces.</p><figure class="wp-block-gallery has-nested-images columns-default is-cropped"><figure class="wp-block-image size-full"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/VN-logo-MPI-BOKEHOACH-en.jpg" alt="" class="wp-image-5136"></figure></figure><h2 class="wp-block-heading">5. Government Control Over Resource Allocation: dual-pricing and randomness in license attribution</h2><p>Despite improvements in reducing government control over the economy, Vietnam’s state sector still receives preferential treatment, especially in accessing capital. The government has reduced price controls over commodities since 2002, but considerable state planning remains. This means that while the private sector has grown, especially foreign firms, the government continues to influence major economic decisions. State-directed lending and planning prevent the market from fully allocating resources based on supply and demand principles.</p><h2 class="wp-block-heading">6. Legal and Institutional Challenges: for 3 castes the State owned, locals and foreign companies</h2><p>Legal reforms in Vietnam, such as the Anti-Corruption Law of 2018, have aimed to improve governance and transparency. However, the Communist Party of Vietnam's pervasive influence over the judiciary weakens law enforcement and transparency. Corruption remains a significant issue, and the inconsistent application of laws continues to deter foreign investment and undermine the rule of law. These legal shortcomings further complicate Vietnam's path toward becoming a fully functional market economy.</p><h1 class="wp-block-heading">Vietnam Public Involvement and Data Sources</h1><p>The Department of Commerce’s review involved input from various stakeholders, including public comments and a public hearing held in May 2024. Commerce also used data from credible international sources, such as the World Bank, IMF, and the Organization for Economic Cooperation and Development (OECD). This comprehensive approach ensured that the analysis was both thorough and transparent, using a blend of legal (de jure) and practical (de facto) insights into Vietnam’s economic conditions.</p><figure class="wp-block-image size-full"><img src="https://www.riskinasia.com/wp-content/uploads/2024/10/USA-VN-partnership.jpg" alt="" class="wp-image-5137"></figure><h1 class="wp-block-heading">Conclusion: Vietnam’s Ongoing NME Status</h1><p>Commerce’s determination to retain Vietnam's NME status stems from a collective analysis of the six statutory factors, revealing persistent government intervention and control in critical areas. While Vietnam has made significant progress since 1986, its economic system continues to fall short of full market economy status. Key areas such as currency convertibility, labor freedom, foreign investment, and government control over resources still show substantial government influence, distorting market conditions and making accurate pricing difficult.</p><p>As such, Commerce concluded that Vietnam remains a non-market economy for the purposes of U.S. AD law. This status will continue to affect U.S. trade policies with Vietnam, particularly in how antidumping duties are calculated on Vietnamese imports, until further market-oriented reforms are implemented. Vietnam’s journey toward full market economy status is far from complete, and deeper structural reforms are necessary to fully integrate Vietnam into the global market system.</p><h1 class="wp-block-heading">Implications for Vietnam and the U.S. beyond 2024</h1><p>The decision to maintain Vietnam’s NME status holds significant implications for trade relations between the two countries. For U.S. companies, it means that anti dumping measures on Vietnamese goods will remain stringent. For Vietnam, the decision highlights the need for continued reforms, particularly in reducing state influence over the economy and improving legal frameworks. The U.S. will likely maintain a cautious approach toward Vietnam’s economic status, despite the country’s rapid growth and increasing importance in global trade networks.</p><p>Ultimately, while Vietnam has made great strides in reforming its economy, the path to achieving full market economy recognition by the U.S. remains challenging, requiring more substantial changes to how the government interacts with and controls its economic institutions.</p><p></p></div>
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