HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars. Idle factories bleed money and the company’s financial health is at stake. After finding the U.S. market a tough nut to crack, Vinfast is hoping its […]
HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars. Idle factories bleed money and the company’s financial health is at stake. After finding the U.S. market a tough nut to crack, Vinfast is hoping its […]
HANOI (Reuters) – Three out of Vietnam’s five active international undersea internet cables are down, state media said over the weekend, the second major round of outages in the country in just over a year. The problems with the three cables, which connect Vietnam with the United States, Europe and Asia, have “significantly affected Vietnam’s […]
Vietnam’s top security official To Lam has been confirmed as the nation’s new president. He oversaw police and intelligence operations over a period when rights groups say basic liberties have been systematically suppressed and its secret service was accused of violating international law. Mr Lam was confirmed by Vietnam’s National Assembly after his predecessor resigned […]
BANGKOK (AP) — Vietnam’s top security official To Lam was confirmed Wednesday as the nation’s new president. He oversaw police and intelligence operations over a period when rights groups say basic liberties have been systematically suppressed, and its secret service was accused of violating international law. Lam was confirmed by Vietnam’s National Assembly after his […]
HANOI, Vietnam (AP) — The head of Vietnam’s parliament has resigned, according to state media, making him the latest senior member of government to leave office amid an ongoing anti-corruption campaign that’s shaken the country’s political and business elites. The resignation of National Assembly Chair Vuong Dinh Hue adds to growing instability in the country. […]
HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday. Real estate tycoon Truong My Lan, who was sentenced to death Thursday by a court in […]
HANOI, Vietnam (AP) — A Vietnamese real estate tycoon was sentenced to death Thursday in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation. Truong My Lan, a high-profile businesswoman who chaired a sprawling company that developed luxury apartments, hotels, offices and shopping malls, […]
A property tycoon has been sentenced to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case, state media said. Truong My Lan, 67, chair of real estate company Van Thinh Phat (VTP), was accused of fraud amounting to 12.5 billion US dollars (£10 billion) — […]
HANOI (Reuters) – Vietnamese Prime Minister Pham Minh Chinh has asked military-run telecom company Viettel to develop the semiconductor chip industry in a “more efficient and diverse manner”, the government quoted him as saying late on Tuesday. Several global electronics and semiconductor firm including Intel, Samsung, Amkor, Qualcomm and Marvell have facilities in Vietnam, which […]
By Khanh Vu, Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -The Vietnamese Communist Party has accepted the resignation of President Vo Van Thuong, the government said on Wednesday, in a sign of political turmoil that could hurt foreign investors’ confidence in the country. The government said in a statement that Thuong had violated party rules, […]
CAN THO, Vietnam (AP) — Dao Bao Tran and her brother Do Hoang Trung, 11-year-old twins growing up on a rickety houseboat in the Mekong Delta, have dreams. Tran loves K-pop, watches videos at night to learn Korean and would love to visit Seoul. Trung wants to be a singer. But their hopes are “unrealistic,” […]