Vietnam
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GoTo exits tough Vietnam market to focus on reaching profit
RIDE-HAILING provider GoTo Group is exiting Vietnam, abandoning a country where it’s been struggling to focus on reaching profitability in its main operations in Indonesia and Singapore. The company’s Gojek…
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Equinor halts Vietnam offshore wind plans, to close Hanoi office
NORWAY’S state-controlled energy giant Equinor has cancelled plans to invest in Vietnam’s offshore wind sector, a company spokesperson told Reuters, in a setback for the South-east Asian country’s green power…
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FPT consortium commences work on US$173 million AI centre in southern Vietnam
VIETNAM’S top tech firm FPT and its subsidiaries kicked off construction on a US$174 million artificial intelligence (AI) project in south-central Binh Dinh province, its latest push to tap into…
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Thomson Medical, OUE Healthcare subsidiaries partner on surgery centre in Vietnam
FV HOSPITAL and O2 Healthcare have partnered to establish a surgical centre in Vietnam, which began operations on Thursday (Aug 15). FV Hospital is the first 100 per cent foreign-invested…
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Mourners Gather In Vietnam For Leader’s Funeral
Thousands of black-clad mourners including top Vietnamese officials gathered Thursday in Hanoi for the funeral of Communist party leader Nguyen Phu Trong as two days of national mourning began. The…
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UOB changes: Susan Hwee to take over head of group retail, Eddie Khoo to be senior adviser to UOB Vietnam
SUSAN Hwee, UOB’s head of group technology and operations (GTO), will be succeeding Eddie Khoo as head of group retail at the bank, as Khoo retires from the role to…
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Masan’s retail arm banks on omnichannel reach to cement dominance in Vietnam
But it will take a while for the country’s largest retail chain to make that segment of the business a key profit contributor [HO CHI MINH CITY] Vietnamese consumer giant…
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Vietnam To Lay Former Leader To Rest Next Week
Vietnam will hold a funeral next week for late communist leader Nguyen Phu Trong, the party said Saturday. Trong died on Friday at a military hospital in Hanoi “due to…
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Vietnam President Handed Power As Party Leader Seeks Medical Care
Vietnam’s communist regime handed the reins of power Thursday to the country’s largely ceremonial president, as 80-year-old leader and party General Secretary Nguyen Phu Trong temporarily stood down for health…
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BYD to introduce three more car models to Vietnam market
CHINESE electric carmaker BYD will introduce three more models to the Vietnamese market this October and plans to expand its dealerships to 100 in 2026, chief operations officer of BYD…
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Vietnam to buy excess rooftop solar power from homes and offices
VIETNAM’S national power grid operator EVN plans to buy excess power generated by solar panels on homes and offices to feed into its own supply, state media reported on Friday…
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Vietnam carrier becomes world’s best-performing airline stock
A SURPRISE return to profit has propelled Vietnam Airlines to become the world’s best-performing airline stock this year, shrugging off the risk of bankruptcy as the company ’s post-pandemic recovery…
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Maybank aims to double Vietnam assets by 2027, expand investment
MALAYAN Banking (Maybank) plans to double assets in Vietnam to US$2 billion by 2027 and become the country’s top foreign bank for syndicated loans, to capitalise on a booming economy.…
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Frasers Hospitality aims to add 20 properties over four years, including 9 opening in China, Vietnam
FRASERS Hospitality is aiming to add 20 properties to its portfolio over the next four years as it continues to ride on the post-pandemic recovery trajectory. On Thursday (Jul 4),…
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Vietnam wants China’s help for high-speed railway development
VIETNAM is looking for China’s support with the development of the country’s high-speed railway networks including cross-border lines that would promote trade between the two countries. Prime Minister Pham Minh…
