From export icon to struggle: Vietnam’s Legamex halts outsourcing operations amid financial woes
EconomyOnce a symbol of Vietnam’s state-owned-to-private sector transformation, the Leather Footwear and Garment Making Exporting Corporation (Legamex) has announced it will suspend outsourcing operations after years of mounting difficulties and financial losses.
Vietnam signs nuclear power agreement as it seeks to rebalance US trade
EconomyUS nuclear power station builder Westinghouse has signed an agreement with Vietnam's biggest energy firm, Hanoi said on Tuesday as it seeks to head off stiff tariffs threatened by the Trump administration.
Vietnam consults int’l experts on building financial centers
EconomyDraft plans for the development of international financial centers in Ho Chi Minh City and Da Nang City in central Vietnam have been sent to London (United Kingdom), Luxembourg, and Frankfurt (Germany) for consultation, Permanent Deputy Prime Minister Nguyen Hoa Binh said on Tuesday.
Vietnam’s trade minister meets US giants amid tariff negotiations
EconomyVietnamese Minister of Industry and Trade Nguyen Hong Dien, who is leading Vietnam’s delegation in tariff negotiations in the U.S., met on Tuesday with executives from SpaceX, Excelerate Energy, Lockheed Martin, and Google to promote business cooperation.
Japanese firms eager to import Vietnamese lychees
EconomyMany Japanese businesses have contacted the Vietnam Trade Office in Japan, expressing keen interest in importing Vietnamese lychees, said Ta Duc Minh, the office’s trade counselor, during a working visit to the headquarters of Tuoi Tre (Youth) newspaper on Tuesday.
Vietnam to have new commercial airline
EconomyThe Vietnamese prime minister has green-lighted investment in a new airline, Sun PhuQuoc Airways, backed by leading Vietnamese conglomerate Sun Group, with a total capital of VND2.5 trillion (US$96 million), making it Vietnam's seventh commercial airline.
US president’s son Eric Trump to attend groundbreaking ceremony for $1.5bn golf complex in Vietnam’s Hung Yen
EconomyA delegation from the U.S.-based Trump Organization, including executive vice-president Eric Trump — son of U.S. President Donald Trump — and his wife Lara Trump, is set to attend the groundbreaking ceremony for a US$1.5 billion urban, eco-tourism, and golf complex in Hung Yen Province, northern Vietnam this week.
Vietnamese, Japanese, Middle Eastern firms to invest $6bn in Ho Chi Minh City projects
EconomyVietnam’s Kogi Technology Group signed cooperation agreements with Japan’s Mazda Oil and Kenwa Group, as well as some partners from the Middle East, in Ho Chi Minh City on Monday to invest US$6 billion in two energy infrastructure and green industrial production projects in the southern metropolis.
Vietnam poultry association refutes fake news of artificial chicken egg production
EconomyThe Vietnam Poultry Association has dismissed false rumors about the production of artificial chicken eggs in Vietnam and has petitioned relevant authorities to strictly penalize those spreading such misinformation.
Trump Organization to visit Ho Chi Minh City for investment discussions
Ho Chi Minh CityVice-chairman of the Ho Chi Minh City People's Committee Vo Van Hoan will meet and conduct a site visit with leaders of the Trump Organization on Monday afternoon, according to the municipal government’s working schedule.
