Vietnam
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Vietnam Air risks insolvency if state-backed loan isn’t extended
NATIONAL carrier Vietnam Airlines risks insolvency as early as July if the repayment deadline for a government-backed loan is not extended, according to a statement on the National Assembly’s website.…
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Foxconn to invest US$383 million in Vietnam circuit board plant: state media
FOXCONN Singapore has been awarded a licence to invest US$383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday (Jun 24). The plant…
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Heineken to close one of its breweries in Vietnam
Heineken Vietnam, a unit of the world’s second-largest brewer Heineken, has informed authorities about plans to close of one of its breweries in the South-east Asian country due to weak…
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Some Vietnam coffee farms thrive despite drought, but may not stop espresso price hikes
VIETNAMESE coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns of pricier espressos across the world, even as some farmers keep…
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Russia offers to help Vietnam develop nuclear energy: report
RUSSIA offered to help Vietnam develop nuclear power plants during President Vladimir Putin’s trip to Hanoi, Alexei Likhachev, head of the Russian state nuclear firm Rosatom told RIA agency in…
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Vietnam raises 4.1 trillion dong in bond auction; coupons hit year’s high
Vietnam’s State Treasury raised 4.1 trillion dong (S$218 million) in an auction where it had offered 8.5 trillion dong of government bonds at the Hanoi Stock Exchange on Wednesday (Jun…
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Vietnam eyes greener power but banks on coal to avert blackouts
LIGHTS are off and air conditioning is down at the headquarters of Vietnam’s state-run electricity provider EVN as the country’s top power utility tries to “lead by example” to avoid…
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Vietnam to let companies import gold for first time in over a decade
VIETNAM is expected to allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international…
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Vietnam expands massive bank rescue effort on deposit exodus, document shows
VIETNAM’S central bank lent another US$1.2 billion to ailing Saigon Joint Stock Commercial Bank (SCB) over the last two months, according to a bank document seen by Reuters, taking the…
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Sembcorp Development adds three industrial parks to its Vietnam portfolio
SEMBCORP Development has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh…
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Sembcorp Development adds three industrial parks to its Vietnam portfolio
SEMBCORP Development has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh…
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Vietnam signals readiness to support dong as currency hits lows
THE State Bank of Vietnam (SBV) signalled that it’s ready to defend the dong after the currency slipped to a record low amid bouts of US dollar strength. The central…
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Apple supplier Foxconn among firms asked to cut power use in Vietnam: sources
VIETNAMESE officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30 per cent at its assembly plants in the north of the country where there were…
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CVC Capital Partners exits Vietnam’s Asia Commercial Bank: sources
CVC Capital Partners has exited Vietnam’s fourth-biggest private commercial lender, Asia Commercial Bank (ACB), after its investment unit disposed of its remaining 4.99 per cent stake for around US$220 million,…
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Vietnam EV maker VinFast’s challenges escalate risk for parent Vingroup
AS VIETNAM’S biggest conglomerate Vingroup doubles down on its electric vehicle business with ambitious global expansion plans, it faces growing financial risks stemming from loss-making unit VinFast Auto. VinFast’s rapid…
