US Tariff Crackdown: The White House says the US is losing about US$19–26 billion a year in tariff revenue as Chinese goods are allegedly transshipped through third countries, naming Vietnam among around 40 “elevated risk” economies and warning of a “Great Transhipment Scam.” Vietnam–New Zealand Trade Push: During President Tô Lâm’s state visit, Vietnam and New Zealand set a target to lift two-way trade to US$3 billion, with talks focused on market access for agriculture and strengthening regional supply chains. AI Partnership: FPT and Canada’s Mila deepened cooperation to build Vietnam’s AI ecosystem and link the country more closely to the global AI value chain. Banking Oversight: Vietnam’s Prime Minister urged the banking sector to prioritize quality, balancing credit growth with risk control and pairing digital transformation with data security. Corporate Bond Supervision: A new framework assigns provincial authorities a formal role in monitoring corporate bond issuers, aiming for tighter supervision as issuance grows. Business Market Mood: Vietnam’s stock market fell broadly, with selling pressure hitting large-cap groups and pushing the VN-Index down 1.54%. Trade Promotion: Vietnam promoted coffee and farm produce at Hong Kong’s food expo, targeting importers and partners. Innovation Ecosystem: A Vietnam–Japan forum in Hanoi highlighted building a regional innovation ecosystem through business-academia collaboration.