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Baguio City shares P2-M aid to Cebu quake victims

BAGUIO CITY — The Baguio City Council has approved P2 million in financial aid for towns in Cebu province wrought by the 6.9-magnitude earthquake on Sept. 30.

Councilor Jose “Joemol” Mencio Molintas who led the initiative said, it was important to send help right away.

The City Finance Committee confirmed that the money would come from Baguio’s Disaster Risk Reduction and Management (DRRM) funds.

Mayor Benjamin B. Magalong asked the City Council for permission to release the funds. The request was quickly approved during the council’s regular session on Monday, showing Baguio’s fast response to emergencies.

The P2 million will be shared equally by four local areas in Cebu: Bogo City; San Remigio; Medellin; and Daanbantayan.

“Baguio City stands with our fellow Filipinos in Cebu during this hard time,” said Mayor Magalong. “We hope this aid helps them recover and rebuild.” — Artemio A. Dumlao

Belen debuts as Capital1 faces Choco Mucho in Reinforced Conference

BELLA BELEN — FACEBOOK.COM/CAPITAL1SOLARSPIKERS

Games on Tuesday
(Ynares Center Montalban)
4 p.m. – ZUS vs Akari
6:30 p.m. – Capital1 vs Choco Mucho

SUPERSTAR ROOKIE Mhicaela “Bella” Belen will make her much-awaited debut as Capital1 clashes with Choco Mucho in Tuesday’s start of the Premier Volleyball League Reinforced Conference at the Ynares Center Montalban.

“I love the new challenges in whatever league and whose players I play against,” said this year’s No. 1 overall draft pick who was a three-time UAAP MVP and champion from National University.

“But for me I have to prepare for this conference because the level of play in the collegiate and the PVL are different,” she added.

Ms. Belen also said she’s expecting nothing less than a finals appearance for the Solar Spikers, who tackle the Flying Titans at 6:30 p.m., this conference.

“I have high expectations for the team and have that mentality that we can make the finals, we’re aiming high,” said the Alas Pilipinas standout.

Interestingly, she will face off against a familiar face, fellow neophyte and national team mainstay Tia Andaya, who will partner with Deanna Wong at the setter position.

“She’s ready to play,” said Choco Mucho mentor Dante Alinsunurin of his prized setter from Ellensburg, Washington who suited up for US NCAA Division I Gonzaga University.

Also taking center stage at 4 p.m. are ZUS Coffee and Akari.

The Thunderbelles parade 5-11 American outside spiker Anna DeBeer from University of Louisville, who along with the return of Thea Gagate from national team duty, should bolster their chances in this compressed and ultra-competitive two-month tournament.

For the Chargers, they will brandish a veteran American in Annie Mitchem, who had stops in Jakarta, Italy, Turkey and Brazil after a standout effort at University of Hawaii.

She will have at her disposal a strong core in Ivy Lacsina, Grethcel Soltones, Fifi Sharma, Faith Nisperos, Eli Soyud and Ced Domingo. — Joey Villar

UCAL expands sports programs in Season 8

THE Universities and Colleges Athletic League (UCAL) will celebrate its eighth year by adding two more sports in a continuing expansion of its sports programs as one of the fast-rising collegiate leagues in the country.

Following the addition of volleyball, 3×3 and Esports last season to its staple basketball tournaments, the league will introduce badminton and table tennis to its sports calendar when the nine-team PG Flex Linolem-UCAL @ 8 kicks off on Oct. 9 at the Playtime Filoil Centre in San Juan.

Also in the pipeline is U19 basketball next season and more Olympic sports in the next gearing up to a milestone 10th year as UCAL, slowly but surely, mandates all of its member schools to parade teams across all sports for program development and competitiveness.

“We have table tennis and badminton now but all the member schools decided that before we add more, all the schools should have existing programs and competitive teams for a full-force tournament,” said UCAL Chairman Horacio Lim, joined by UCAL Board Trustee Col. Edison Nebrija and PG Flex owner Nelson Gueverra, during the league launch on Monday at the Patio de Manila.

Former back-to-back titlist Centro Escolar University will serve as host this season, eyeing a payback in men’s basketball led by champion Olivarez College after its breakthrough title against the Philippine Christian University (PCU)-Dasmariñas in the finale.

CEU President and Chief Academic Officer Atty. Danilo Concepcion, who also chairs the UCAL Policy Board puts more premium on the successful UCAL staging with a theme of “Rising to New Heights.”

“We look ahead to another thrilling season of UCAL, one that promises to showcase the very best of our student-athletes. It will not only be a start of the new season but also a celebration of youthful talent, teamwork and the enduring values of fair play and camaraderie,” he said.

“UCAL is rising to new heights. It challenges us to go beyond what has already been achieved. We call on our athletes to push beyond limits, aim higher, play with passion, discipline and integrity.”

After a grand opening ceremony to be graced by CEU legend Franz Ray Diaz who was picked 74th overall by Terrafirma in the PBA Season 50 draft, as well as the coronation of Mr. and Ms. UCAL, the league will officially usher in the games with men’s and women’s volleyball on Oct. 14 at the University of Batangas.

The much-awaited basketball season featuring CEU, Olivarez, PCU, Diliman, Immaculada Concepcion College, LPU-Batangas, MCU, PWU and University of Batangas then fires off on Feb. 5 at the Paco Arena to headline the second-semester events. — John Bryan Ulanday

Greg Slaughter set to join PBA and SEAG Gilas Pilipinas in Dec.

GREG SLAUGHTER — PBA

“GREG-ZILLA” is ready to take the path back to the PBA and the Southeast Asian Games (SEAG).

Aside from declaring his intention to play in the pro league after a four-year absence, Greg Slaughter is also offering his service for the Gilas Pilipinas team that will defend the SEAG gold in Thailand in December.

In attendance for the PBA’s opening ceremonies the other day, the seven-foot center said he wants to run it back and help coach Norman Black duplicate their triumphant campaign in the biennial meet 14 years ago in Jakarta.

“I actually reached out to coach Norman as soon as I found out he was going to be coaching the (Gilas Pilipinas) SEAG Games (team). We were able to win one in 2011 together and when I messaged him, I told him that I would love to do that again,” he said.

Mr. Slaughter was a key member of Mr. Black’s all-college Sinag Pilipinas crew back then, dropping 16 points and grabbing eight rebounds in the 85-57 clincher over the Thais.

“So hopefully that’s a possibility. I know a lot of the PBA players won’t be available for that. So one of the first things I did was reach out to coach and told him I’d be available for that.”

At the same time, Mr. Slaughter said he already got in touch with Aldriene Anglim, team manager of Titan Ultra, the new franchise that replaced his old team NorthPort, to explore his possible PBA comeback.

“I’ve known him for a long time now. He used to come by our Ginebra practices when he was just a teenager. And so I was pretty surprised when I saw he’s the team manager of the team that has my rights now,” he said.

“We just had a little conversation about me possibly coming back and we’ll see what we can build from here.”

Mr. Slaughter has plied his trade in Japan and the MPBL after his last stint with the Batang Pier in 2021.

“I definitely want to come back. I just welcomed my third daughter into the world two weeks ago so me and my family are going to be settled here for a while now,” he said. — Olmin Leyba

Idel Datu rules the first Daily Fantasy Chess Grand Prix

STOCK PHOTO | Image by Seri from Unsplash

WORLD Chess Olympiad veteran Idel Datu delivered a vintage performance and topped the inaugural Daily Fantasy Chess Grand Prix held on lichess.org over the weekend.

The 53-year-old Mr. Datu won his first six games including the sixth and penultimate-round upset over Grandmaster Darwin Laylo before splitting the point with Homer Cunanan in the final round to rule the one-day event with 6.5 points.

Mr. Cunanan finished second with six points while Mr. Laylo wound up third with 5.5 points while earning 48, 47 and 46 grand prix points, respectively, of this first of a 10-leg series.

The top 100 players after 10 stages will then qualify for the grand finale set Jan. 11 next year.

Ronald Dableo, who is rating points away from breaching the 2500-mark and snaring the GM title, wound up at No. 4 with five points while FIDE Masters Noel dela Cruz and Arden Reyes, Mark Gerald Reyes, Eric Mordido, Stephen Manzanero, Jr. and Jake Tumaliuan rounding out the top 10.

Greenfield District Chess Club is organizing the event and is supported by Daily Fantasy, a sports fantasy app that emphasizes the importance of strategy in every battle.

Registration is free and participants only need to sign up with Daily Fantasy and use the code CHESS100. — Joey Villar

Gin Kings are moving on and regrouping after loss to Magnolia

AFTER getting dismantled by the Magnolia team of his pupil-turned-rival coach LA Tenorio, Barangay Ginebra mentor Tim Cone took it on the chin and quickly focused on improving his troops.

“Didn’t like the way we played — too many turnovers, not enough multiple efforts on defense. Didn’t execute tonight, didn’t play a very good game at all. You give credit to them. They were more prepared than we were. They looked sharper, looked better,” Mr. Cone admitted following the Gin Kings’ 73-80 loss in the kickoff game of the PBA Season 50 Philippine Cup.

Moving on and regrouping are vital for Mr. Cone and Co. given the next opposition on their plate — TNT (Oct. 15), Meralco (Oct. 17), defending champion San Miguel (Oct. 26) and NLEX (Nov. 2).

“We’re not going to make that big of a deal of it because it’s just the first game and we have a long way to go. But we got a tough schedule to start this conference, five games against MVP and San Miguel teams. So we have to pick it up. We can’t play like this and expect to have a good record against those five teams, especially now starting 0-1,” he said.

The Manila Clasico gig got so much hype considering it was Mr. Tenorio’s head coaching debut and he faced his old maestro right away and even won in the end.

But Mr. Cone was quick to downplay.

“I’m happy for LA (Tenorio), sad for myself,” he told reporters.

“You guys are making a bigger deal out of it than either he and I are. We’re friends. It’s the same thing when I play against Chot Reyes (TNT), Jeff Cariaso (Blackwater), John-John Cardel (Titan), Willie Wilson (Phoenix) or Luigi Trillo (Meralco). They’re all my ex-players, ex-coaches. So, it’s the same.

“It’s much bigger for LA (Tenorio) than it was for me tonight. Put it that way. It was his first game. He’s going to remember it. I’m going to forget this one really quickly,” he added. — Olmin Leyba

Klook eyes expansion in Western countries 

Travel booking service company Klook said that it aims to expand its services in Australia, Europe, and the United States of America by 2026, encouraging more Filipino travelers to explore destinations outside Asia. 

“If you’ve been a follower of Klook, a lot of our promotions before were really in Asia but slowly, we can see that the long haul is also picking up,” Ulla Sy-Roqueza, associate marketing director of Klook, told BusinessWorld in an interview. “We’re already onboarding more and more team members there for the US. That’s also the same reason why we wanted to push for Europe and Australia,” she added. 

The initiative to expand was fueled by the organic traction and rising demands from its users. “At least on our numbers, on the back end, we do see it picking up already,” Ms. Roqueza said. 

Klook, which offers over half a million experiences in more than 3,400 destinations globally, is known for its accommodations, attractions, activities, and transportation deals.

Rooted in their social media marketing success in promoting Vietnam’s tourism services and products through content creators, Klook aims to utilize the same strategy for activities and destinations in Western countries. 

“We will be trying that also with the long haul because we actually got more and more requests now with creators,” Ms. Roqueza said. 

According to the 2025 Travel Pulse of the platform, 89% of Filipinos choose to visit a destination based on its social media popularity, higher than the 79% regional average. 

The same study revealed that Filipino travelers also rely on quick content like photos (67%) and short-form videos (62%) as a travel guide. 

Meanwhile, long-form videos (48%) and in-depth blog posts (45%) are for researching the destination on a deeper level. 

Apart from content creators, the travel platform also eyes a direct partnership with Western merchants. 

“That’s something that we haven’t done yet and hopefully, especially in 2026, we will be more strategic in terms of partnering with them to grow the destinations there,” Ms. Roqueza said. Almira Louise S. Martinez 

More than 7,000 aftershocks recorded following deadly Cebu quake 

PHILVOLCS-DOST FB PAGE 

More than 7,000 aftershocks have been recorded in Northern Cebu following the destructive magnitude 6.9 earthquake on September 30, according to the Philippine Institute of Volcanology and Seismology (PHIVOLCS) on Monday. 

In its latest advisory at 2:00 p.m., PHIVOLCS reported at least 7,190 aftershocks, of which 1,397 were plotted, meaning their locations were determined, while 31 were felt. 

The magnitudes of the aftershocks ranged from 1.0 to 5.0, according to the state volcanologists. 

As of the forecast period, the latest aftershock that was felt was a magnitude 3.7 tremor recorded at 6:21 a.m. offshore of Bogo City. It registered Intensity II in Bogo City and Intensity I in Leyte, Leyte, and Talisay, Cebu. 

Meanwhile, PHIVOLCS earlier reported the onland extension of the newly named Bogo Bay Fault, which caused the destructive tremor offshore of Northern Cebu. They found the fault in Sitio Looc, Brgy. Nailon Bogo City. 

“The team observed fault scarps, open cracks, and small pressure mounds within a 2-meter-wide deformation zone,” PHIVOLCS said in a statement posted on Facebook. 

In its initial field mapping, the agency said the Bogo Bay Fault showed about 200 meters of surface rupture, while drone surveys suggest it may extend up to 1.5 kilometers, with signs of right-lateral movement. 

PHIVOLCS noted that it is still conducting field verification to determine the full extent of the fault. 

Residents are reminded to stay at least 5 meters away from the fault or the edge of the ground deformation zone. 

According to the latest situational report of the National Disaster Risk Reduction and Management Council (NDRRMC), the earthquake that struck Northern Cebu has already claimed 72 lives and affected more than 547,000 individuals, or 155,000 families. 

The report also tallied 559 injured individuals. 

The NDRRMC said that various government agencies are continuing to provide relief to victims of the Cebu earthquake. Edg Adrian A. Eva

White House: Mass layoffs of workers will start if shutdown talks ‘going nowhere’

STOCK PHOTO | Image from Rawpixel

WASHINGTON — The Trump administration will start mass layoffs of federal workers if President Donald J. Trump decides negotiations with congressional Democrats to end a partial government shutdown are “absolutely going nowhere,” a senior White House official said on Sunday.

As the shutdown entered its fifth day, White House National Economic Council Director Kevin Hassett told CNN’s State of the Union program he still saw a chance that Democrats would back down, averting a costly shutdown and federal employee layoffs that have been threatened by White House budget director Russell Vought.

“President Trump and Russ Vought are lining things up and getting ready to act if they have to, but hoping that they don’t,” Mr. Hassett said.

Later on Sunday, Mr. Trump was asked by reporters when the administration would begin laying off federal workers. Mr. Trump responded, without elaborating: “It’s taking place right now.”

The White House’s Office of Management and Budget, which has played a key role in Mr. Trump’s campaign to sharply scale back the size of the federal government, did not immediately respond to a request for comment.

NO SIGNS OF TALKS
No tangible signs of negotiations have emerged between congressional leaders since Mr. Trump met with them last week. The shutdown began on Oct. 1, the start of federal fiscal 2026, after Senate Democrats rejected a short-term funding measure that would keep federal agencies open through Nov. 21.

“They’ve refused to talk with us,” Senate Democratic leader Chuck Schumer told CBS’ Face the Nation program, saying the impasse could be solved only by further talks between Mr. Trump and the four congressional leaders.

Democrats are demanding a permanent extension of enhanced premium tax credits to help Americans purchase private health insurance through the Affordable Care Act (ACA) and assurances that the White House will not try to unilaterally cancel spending agreed to in any deal.

Senate Majority Leader John Thune has said he is willing to address Democrats’ concerns but that they must first agree to reopen the federal government.

Mr. Trump also expressed an interest in the healthcare question while emphasizing Republican interests in reforming the ACA, also known as Obamacare.

“We want to fix it so it works. Obamacare has been a disaster for the people, so we want to have it fixed so it works,” the president said.

SENATE VOTE ON MONDAY
Rank-and-file Senate Democrats and Republicans have held informal talks aimed at finding common ground on healthcare and other issues in hopes of reaching a deal to reopen the government.

Asked if the lawmakers are any closer to a deal, Democratic Senator Ruben Gallego told CNN: “At this point, no.”

On Monday, the Senate is due to vote for a fifth time on the stopgap funding bill that has already passed the Republican-controlled House of Representatives and on a Democratic alternative. Neither measure is expected to receive the 60 votes needed to advance.

With a 53-47-seat majority and one Republican opposed to the House funding bill, Republican leaders need at least eight Democrats to support the measure but have seen only three cross the aisle so far.

“It’s open up the government or else,” John Thune told the Fox News program Sunday Morning Futures.

“That’s really the choice that’s in front of them right now,” the South Dakota Republican said. — Reuters

As Gaza war hits two-year mark, former Israeli hostage recalls Hamas torment

A view shows houses and buildings destroyed by Israeli strikes in Gaza City, Oct. 10, 2023. — REUTERS

JERUSALEM — When Tal Shoham walks through Kibbutz Be’eri in southern Israel where he and his family were abducted by Hamas militants during the Oct. 7, 2023 attack, he says it feels like a massive graveyard pervaded by the horror of that day’s events.

He is nostalgic about the old days before the attack and highly pessimistic about the future, despite US President Donald J. Trump’s pressure on Israel and Hamas to strike a deal under his plan to end the Gaza war.

The plan has stirred hopes around the region that the conflict may be coming to an end, two years after the Hamas onslaught on southern Israel that started it.

“All this neighborhood that once was so peaceful and beautiful, you know, all destroyed. It’s like the evil things that they did here, that the terrorists did here, is like covering everything here,” Mr. Shoham said.

GUNMEN GRABBED SHOHAM, HIS WIFE AND THEIR TWO CHILDREN
Shoham spent 505 days in captivity in Gaza, a period he recalls for the cruelty of his Hamas captors and the resilience of fellow Israeli hostages still being held by the Palestinian militants. He was released during a truce in February this year.

He and his wife Adi and their two children were grabbed by Hamas gunmen, during the bloodiest single day for Jews since the Holocaust.

Hamas-led militants overwhelmed border defenses with a surprise assault and dragged him and 250 other hostages back into Gaza in violence that shattered Israel’s image as an invincible military power.

The assault, in which about 1,200 people, mostly civilians, were also killed according to Israeli tallies, triggered a massive military retaliation that has killed more than 67,000 Palestinians in Gaza, according to health authorities there.

ANXIETY DESPITE ISRAEL’S MILITARY VICTORIES
Mr. Shoham can see little prospect of long-term peace even after Israel mounted devastating attacks on Iran’s leadership and its regional allies Hamas, Lebanon’s Hezbollah, Yemen’s Houthis and armed groups in Syria.

During his ordeal, Shoham concluded that anti-Israeli feelings run so deep that there is no chance for co-existence.

“After I saw the magnitude of hatred that they grew up upon and they are growing their children upon, it’s really clear that at least in our generation it won’t be possible,” he said.

Mr. Shoham spent the first eight months of his captivity above ground. But in June last year he and fellow hostages Guy Gilboa-Dalal and Evyatar David were taken into the street below in disguise.

Their guards escorted them for about 15 minutes before putting blindfolds on them and taking them into a tunnel, eventually bringing them to a tiny dark chamber where another hostage — Omer Wenkert — was already being held.

“We were going to stay in the tunnel 20 or 30 meters underground, in this tomb, for eternity,” he said, recalling his feelings at the prospect.

Their cell was a narrow stretch of tunnel with concrete walls, a sandy floor, an iron door blocking the entrance, four mattresses on the ground and a hole to use as a toilet. The air was thick and they struggled to breathe.

“We were treated like animals. I mean, even animals won’t be kept in such inhumane conditions, but this is the way they treated us,” he said.

EX-HOSTAGE REMEMBERS BEATINGS, PSYCHOLOGICAL TORTURE
Their guards sometimes beat them. At other times they tormented them by telling the four men that they had to choose which of them would be imminently shot.

Gilboa-Dalal and David remain hostages in Gaza. Images Hamas released of David in August, emaciated in his underground cell, caused widespread shock in Israel and abroad.

“And I’m really afraid for their lives. You know, there are 20 living hostages still in Gaza in the hands of those animals,” Mr. Shoham said.

Tal was the first to be taken by militants.

He was dragged through the window of a safe room, led through the Kibbutz and thrown into the trunk of a car that took him to Hamas-run Gaza.

It was only after more than a month in captivity that he learned his wife and children had survived the attack but were also kidnapped, along with his mother-in-law, his wife’s aunt and her daughter. His father-in-law, Avshalom, was murdered.

Mr. Shoham’s wife and children were released in the first deal with Hamas in late 2023. He was freed in the second and last deal in February 2025.

SHOHAM’S SON ASKED HIM IF EVERYONE WAS GOING TO DIE
Standing in the charred safe room from which he was kidnapped, Shoham recalled how his son, 8 at the time, asked if everybody was going to die. Mr. Shoham was focused on survival.

A Hamas commander opened fire on a bullet-proof window with his AK-47 assault rifle.

“Now, I knew that he cannot hurt me yet, but after a few bullets he will reach a hole in the window and then we will need to surrender because it’s game over for us,” he said.

“He would be able to throw grenades inside and to put his Kalashnikov in this hole and just shoot us all.”

As Hamas militants walked him along a street, he saw two bodies of people who were executed, shot in the head, people he recognized.

Mr. Shoham was thrown into the trunk of a car and taken to Gaza. — Reuters

PHL teachers remain in debt despite high financial literacy, says expert 

INNOTECH Centre Director Majah-Leah V. Ravago during the celebration of National Teachers' Month. — ALMIRA MARTINEZ

An expert said most teachers remain financially vulnerable despite having higher financial literacy than the average Filipino, largely due to high levels of debt. 

“We compared the financial literacy of teachers vs. the average Filipinos and we really saw that it’s higher and that’s good news,” INNOTECH Centre Director Majah-Leah V. Ravago told BusinessWorld in an interview. 

“But what makes us worried is the paradox that despite the high financial literacy levels of teachers, it does not translate into practice,” she added. 

Data from the Department of Education (DepEd) in 2019 revealed that public school teachers owe a combined debt of at least P319 billion. 

Insufficient salary is one of the causes that leads teachers into debt, according to Ms. Ravago. 

“It’s possible that the salary is not enough to cover the basic needs,” she said. “We can’t really blame our teachers who try to look for additional sources of income.” 

She added that if teachers cannot “walk the talk,” it could undermine educators’ credibility and effectiveness in teaching students financial literacy. 

During the celebration of World Teachers’ Day on Sunday, the Alliance of Concerned Teachers (ACT) Party-list reiterated its calls for a P50,000 minimum wage for a Teacher I position and a P36,000 minimum wage for education support personnel. 

“If the government truly values teachers, then it must act—now,” ACT National Chairperson Ruby Bernardo said in a press release. 

“Enough of the press releases, enough of the lip service. What’s needed is decisive action, sufficient funding, and respect for the rights of teachers,” she added. 

Under Executive Order (EO) No. 64, the salaries of civilian government workers, including public school teachers, are mandated to have a four-tranche salary increase every January from 2024 to 2027. 

During the first tranche of the order, the monthly salary of a Teacher I position increased from P27,000 to P28,512, while a Teacher II rose from P27,608 to P30,705, and a Teacher III from P28,798 to P32,870. 

For Master Teacher I, the monthly salary increased from P46,725 to P49,015, while Master Teacher II saw adjustments from P51,357 to P53,873, Master Teacher III from P56,767 to P60,157, and Master Teacher IV from P63,997 to P67,005. 

Meanwhile, private school educators also had an increase in the Teachers’ Salary Subsidy (TSS) from P18,000 to P24,000 annually beginning in School Year 2025-2026. Almira Louise S. Martinez 

Vietnam’s economy accelerates despite dip in US exports, footwear drop

A VIETNAM DONG note is seen in this illustration photo May 31, 2017. — REUTERS

HANOI — Vietnam’s economy accelerated in the third quarter, despite a 20% US tariff in force since Aug. 7 that is slowing Vietnamese exports to the United States, especially of footwear and textiles, government data showed on Monday.

Gross domestic product in the Southeast Asia nation rose 8.23% in the July-September period from a year earlier, accelerating from an upwardly revised 8.19% in the second quarter.

The acceleration supports the Vietnamese government’s target of 8.3%-8.5% expansion this year but appears at odds with forecasts from international organizations. The World Bank projects 6.6% growth this year, while the International Monetary Fund estimates 6.5%.

Growth was driven by foreign investment and rising exports, which continued to increase in the third quarter from a year earlier despite US tariffs that took effect in early August.

However, monthly data showed a slowdown, with September exports down 1.7% from August. Shipments to the United States, Vietnam’s main market, fell 1.4% compared with August, marking the second consecutive monthly drop, according to data from Vietnam’s statistics agency.

FOOTWEAR EXPORTS TO US DOWN
Among industrial sectors that saw a drop in exports to the US, footwear was the hardest hit, recording a 27% drop in September from August, data from the customs department showed.

Vietnam is home to large manufacturing operations of big footwear multinationals, including Nike, Adidas, and Puma, which produce a large part of their global output of shoes through suppliers in Vietnam.

Textile and garment exports to the United States fell 20%, but rising shipments of coffee, chemicals and some electronics partly offset those losses.

Compared with a year earlier exports to the United States increased by 38%. Total exports over the July-September period rose 18.4% from a year earlier to $128.57 billion, while imports jumped 20.2% to $119.66 billion, resulting in a trade surplus of $8.91 billion, the statistics office said.

Industrial production rose 9.1% in the first nine months of this year from a year earlier, while foreign investment inflows rose 8.5% on the year to $18.8 billion, the highest in five years.

TOURISM, LENDING, CONSUMERS SUPPORT GROWTH
Vietnam’s stock market rose 2% on Monday after the economic data were released.

Growth was helped by a booming tourism sector, with foreign arrivals to the country in the first nine months of this year up 21.5% compared to the same period in 2024, for a total of 15.4 million.

A splurge in lending is also supporting economic expansion, with the central bank expecting credit to increase by 19% to 20% this year.

Retail sales increased 11.3%, while consumer prices in September rose 3.38% from a year earlier, below a target of 4.5% to 5% this year. — Reuters