Vingroup tests the line of Vietnam’s new capitalism

On May 11, 2025, Vietnamese media widely reported that Vingroup, one of the nation’s most powerful private conglomerates, offered to take full control of the North–South high-speed railway project. However, less than 24 hours later, the headlines suddenly vanished as articles disappeared online, links went dead and state-controlled media fell silent. The cause behind the censorship: the full