Vietnam Economic News: 15.11 - 22.11.2025
Summary of Vietnam Economic News: 15.11 - 22.11.2025
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Summary of Vietnam Economic News: 15.11 - 22.11.2025 ---
VIETNAM'S PLAN TO EASE HIGH-TECH SUBSIDIES WORRIES SOUTH KOREAN INVESTORS
Reuters News – 20 November 2025
Vietnamese budget airline Vietjet plans to resume the use of COMAC jets next week after a one-month hiatus, reinvigorating the Chinese plane maker's international expansion. The airline last month paused flights from Hanoi and Ho Chi Minh City to the popular tourist destination of Con Dao after a six-month lease of two COMAC C909 regional jets from China's Chengdu Airlines expired, citing high costs and regulatory challenges, Reuters reported. That was a setback for COMAC, a rival to Airbus, Boeing and Brazil's Embraer looking to overcome Western certification hurdles, low production and geopolitical challenges that have slowed the adoption of its aircraft globally. Vietjet's flights to Con Dao will restart on November 25, with four daily services, the company document reviewed by Reuters showed. It did not detail the aircraft model to be used, but the two sources said a six-month lease renewal with Chengdu Airlines would bring the C909 jets back into service. The lease renewal comes as Vietjet, which primarily operates a more than 100- strong Airbus fleet, adjusts operations to accommodate travel demand ahead of the holiday season. COMAC's C909, which seats up to 90 passengers, has been operating commercially since 2016. The model is in service in China, Indonesia and Laos and has orders from carriers in Cambodia and Brunei. Vietnam approved the operation of the C909 this year following a visit by Chinese President Xi Jinping to Hanoi in April, further strengthening local ties with China's aviation sector.
DEATH TOLL RISES TO 41 IN CENTRAL VIETNAM FLOODING, MORE HEAVY RAIN FORECAST
Reuters News – 20 November 2025
The death toll from a new barrage of torrential rain, flooding and landslides in central Vietnam since the weekend has risen to 41, state media reported on Thursday, with water levels rising further in already inundated towns and villages. Rainfall exceeded 1,500 mm (60 inches) in several parts of central Vietnam over the past three days. The region is home to a key coffee production belt as well as the country's most popular beaches, but is highly prone to storms and floods. A suspension bridge on Da Nhim River in Lam Dong province was swept away on Thursday morning, VietnamNet newspaper reported. A video clip showed the bridge being swallowed by the river in just a few seconds. More than half a million households and businesses faced blackouts after power grids were damaged by the floods, according to the government. Traders said the floodwaters were hampering the coffee harvest in the region. The national weather forecast agency warned of more flooding and landslides to come on Friday, with heavy rain set to continue in the region. Photographs shared in state media reports showed residents, including children, sitting on the roofs of flooded houses and calling for help via social media platforms. Naval forces have been deployed to help stranded citizens in Khanh Hoa, the Vietnam News Agency reported, adding that floodwaters had reached record highs in many areas. At least nine people were missing, and floods have inundated more than 52,000 houses and over 15,000 hectares of crops, according to a report from the government's disaster management agency.
VIETNAM RAISES $350 MLN IN GOVT BOND AUCTION, HIGHEST AMOUNT IN SIX MONTHS
Reuters News – 11 November 2025
Vietnam's State Treasury raised 9.23 trillion dong ($350 million) in a weekly government bond auction on Wednesday, the highest amount raised since June 25 this year. Last week's auction raised $153 million. The uptake was also higher, with 66% of the bonds on offer sold, compared with 31% last week, according to a Hanoi Stock Exchange filing. The auction took total government bond sales so far this year to 287 trillion dong, according to exchange data. Proceeds from bond sales are mainly used to fund Vietnam's public investments, one of the key drivers of economic growth. The government aims to raise 500 trillion dong this year. At Wednesday's auction, the treasury sold 1.73 trillion dong out of the 3 trillion dong of 5-year bonds on offer at a coupon of 3.16%. It also sold 7.5 trillion dong out of the 9 trillion dong of 10-year bonds on offer with a 3.85% coupon. The treasury failed to offload any of the total of 2 trillion dong of 15- and 30-year bonds on offer. On the corporate side, Vietnamese companies have raised 495.7 trillion dong via bonds this year up to November 14, according to bond market association data. The value of corporate bonds maturing in the remainder of 2025 is 31.8 trillion dong, of which 38.6% is in the real estate sector and 25.5% in the banking sector, the data showed.
VIETNAM’S GENE SOLUTIONS SEEKS $100 MILLION FROM PRE-IPO AND 2026 LISTING
Reuters News – 19 November 2025
Vietnam-founded biotechnology firm Gene Solutions plans to raise $100 million through a pre-IPO round and a potential listing as soon as 2026, capitalising on growing demand for genetic diagnostics and a regional revival in initial public listings, the company and its lead investor Mekong Capital said. The company, which offers prenatal and cancer screenings using Next-Generation Sequencing and AI, plans to raise up to $50 million in the pre-IPO and another $50 million at the listing in either Hong Kong or Singapore, according to its Chief Financial Officer Keng Hsu. China International Capital Corp is acting as the adviser for the pre-IPO round, Hsu added. CICC did not immediately respond to a request for comment. Chris Freund, founder and managing partner of Mekong Capital, said in a separate email that the two fundraising tranches could be combined and that the firm is open to a dual listing on both the Singapore and Hong Kong exchanges. "The company is already profitable in Vietnam," Freund said. "The money raised would essentially be used to accelerate growth, especially in Asian countries outside of Vietnam." Mekong Capital, a Vietnam-focused private equity firm, initially invested $15 million in Gene Solutions in 2021 via its $246 million Mekong Enterprise Fund IV and followed up with an additional $21 million in a Series B round in 2023.