Vietnam
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Vietnam tech champion accelerates AI push with Japan expansion
VIETNAM’S software and telecommunications champion FPT plans to open an artificial intelligence (AI) data centre in Japan next year, capitalising on rising AI demand to accelerate its expansion abroad. The…
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Vietnam says Temu, Shein must register with government or be blocked
VIETNAM said Chinese online retailers Shein and Temu need to register with the government before the end of November or it will block their Internet domains and apps from being…
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Vietnam central bank ready to sell US dollars to keep exchange rate stable
VIETNAM’S central bank is ready to sell US dollars to the market to keep the exchange rate stable, governor Nguyen Thi Hong said on Monday (Nov 11). “The exchange rate…
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Vietnam sets dong fix rate at record low amid US dollar strength
VIETNAM set its reference rate for the dong at a record low, setting the stage for more weakness in the South-east Asian nation’s currency as the US dollar’s surge pummels…
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Thai SCG halts operations at US$5.4 billion Vietnam petrochemical complex
SIAM Cement Group (SCG), Thailand’s largest industrial conglomerate, said on Monday (Nov 4) it has suspended commercial operation at its US$5.4 billion Long Son Petrochemicals (LSP) complex in Vietnam after…
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US Tech Firms Warn Vietnam Over Draft Law To Hamper Data Centers
U.S. tech companies warned government of Vietnam over its draft law to tighten rules on data protection as well as limit overseas data transfers, stating that the move would restrict…
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Foxconn subsidiary seeks US$80 million Vietnam investment for integrated circuits
TAIWANESE giant Foxconn’s subsidiary Shunsin is seeking a permit to invest US$80 million in northern Vietnam to produce integrated circuits, according to a document from Vietnam’s environment ministry. The proposed…
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Appeal Begins For Vietnam Death Row Tycoon
The appeal of a Vietnamese property tycoon given the death penalty for fraud totalling $27 billion will begin on Monday after she pleaded for a more “lenient and humane” sentence.…
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Vietnam plans capital injection into Vietcombank to support policy goals
VIETNAM is planning to inject 20.695 trillion (S$1.1 billion) of capital into state-owned commercial lender Vietcombank, the country’s biggest bank, to boost its capacity to support government policy, the deputy…
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Vietnam to amend national power plan to include nuclear energy
VIETNAM will amend its national power development plan, known as PDP8, to include options for nuclear energy and hydrogen, the Minister of Industry and Trade said on Monday (Oct 21). …
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Victims Of Vietnam Tycoon’s Record Scam Count Losses After Sentence
A decade of selling diapers and baby products earned Nguyen Thi Huong a modest savings of $20,000 but her earnings vanished in Vietnam’s biggest-ever scam that has seen the tycoon…
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Vietnam Death Row Tycoon Faces Verdict In New Trial
A Vietnamese property tycoon sentenced to death for fraud totalling $27 billion faces a potential life sentence Thursday in a related trial on money laundering charges. Property developer Truong My…
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Meta says it will expand production of mixed reality headsets in Vietnam
META Platforms said on Tuesday (Oct 1) it will expand investment in artificial intelligence (AI) innovation in Vietnam, including production of its latest mixed reality headsets from 2025, its latest…
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Keppel divesting 70% stake in unit that holds right to develop 64-ha land in Vietnam
KEPPEL is divesting 70 per cent of its stake in its unit Saigon Sport City, which holds the right to develop a 64-hectare plot of land in Ho Chi Minh…
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Vietnam says Musk’s SpaceX plans US$15 billion Starlink investment
ELON Musk’s SpaceX plans to invest US$15 billion in Vietnam in the near future, the government of the Communist-run nation said on Thursday (Sep 26), which could help resolve a…
