From export icon to struggle: Vietnam’s Legamex halts outsourcing operations amid financial woes

From export icon to struggle: Vietnam’s Legamex halts outsourcing operations amid financial woes

Economy

Once 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

Vietnam signs nuclear power agreement as it seeks to rebalance US trade

Economy

US 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

Vietnam consults int’l experts on building financial centers

Economy

Draft 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

Vietnam’s trade minister meets US giants amid tariff negotiations

Economy

Vietnamese 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

Japanese firms eager to import Vietnamese lychees

Economy

Many 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

Vietnam to have new commercial airline

Economy

The 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

US president’s son Eric Trump to attend groundbreaking ceremony for $1.5bn golf complex in Vietnam’s Hung Yen

Economy

A 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

Vietnamese, Japanese, Middle Eastern firms to invest $6bn in Ho Chi Minh City projects

Economy

Vietnam’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

Vietnam poultry association refutes fake news of artificial chicken egg production

Economy

The 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

Trump Organization to visit Ho Chi Minh City for investment discussions

Ho Chi Minh City

Vice-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.