US company steps up AI investment in Southeast Asia
The U.S. chip manufacturer Nvidia is planning to build a $200 million artificial intelligence (AI) centre in Indonesia as part of its push into Southeast Asia.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
US supports Indonesia in developing new capital city
The U.S. Trade and Development Agency (USTDA) has approved grant funding of IDR31.3 billion (over $2 million) to Indonesia to develop its new capital city of Nusantara (IKN).
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firms finding opportunities to set up goods purchasing centers in Vietnam: Deputy Minister
Many U.S. firms and distribution channels are increasing their purchases of goods and looking at the prospect of establishing channels and purchasing centers in Vietnam when the export turnover of Vietnamese goods to the U.S. starts to show signs of improvement in the rest of 2023, said Vietnam's Deputy Minister of Industry and Trade Do Thang Hai.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rare earths, semiconductors can contribute 5-10% to Vietnam’s GDP: association chair
Rare earths and semiconductors may contribute 5-10% to Vietnam’s GDP once the country can tap its critical mineral reserves and develop the industry, said Prof. Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises (VAFIE).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Biden to sign strategic partnership deal with Vietnam in Sep: Politico
U.S. President Joe Biden will sign a strategic partnership agreement with Vietnam during a state visit to the Southeast Asian country in mid-September, Politico reported, citing three people with knowledge of the deal's planning.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm plans $100 mln expansion of sustainable aquaculture project in central Vietnam
Massachusetts-based Australis Aquaculture will sign an MoU with Khanh Hoa province to invest an additional $100 million to expand sustainable aquaculture operations in Van Phong Bay.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cargill to open major Vietnam animal nutrition plant in September
U.S.-based agribusiness giant Cargill will launch its newest Vietnam manufacturing facility in the third week of September, bolstering its commitment to long-term investment in the country.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Trina Solar Vietnam factory churns out silicon wafers
The Vietnam factory of China-headquartered solar panel maker Trina Solar has rolled out its first silicon wafers slated for domestic consumption as well as exports to the U.S. and Thailand.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Plunge in Vietnam’s exports bottoms out
VinaCapital’s chief economist Michael Kokalari notes that Vietnam’s exports are set to recover in this year’s fourth quarter, driven primarily by a bottoming out of the U.S. inventory cycle. This rebound is likely to help lift Vietnam’s GDP.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s first unicorn startup VNG files to go public in US
Tech major VNG Corp., Vietnam’s first unicorn startup, has filed for an initial public offering (IPO) in the U.S. while it is expanding business.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
In a first, Vietnam bakery ships ‘American’ mooncakes
Ho Chi Minh City-based ABC Bakery is making its first shipment of mooncakes with “American” ingredients to the U.S., its owner Kao Sieu Luc said Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
First Solar US, Vietnam plants secure highest auditing status
Manufacturing facilities of leading American solar module producer First Solar in the US and Vietnam have achieved platinum status, the highest possible auditing rating, the firm says.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese tycoon’s net worth up $39 bln after VinFast’s Nasdaq debut
The net worth of Vingroup JSC chairman Pham Nhat Vuong shot up by $39 billion after electric vehicle maker VinFast made its debut on the Nasdaq Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Market cap of Vietnam EV maker VinFast hits $85 bln in Nasdaq debut
The market capitalization of Vietnamese electric vehicle (EV) producer VinFast reached $85 billion in its Nasdaq debut Tuesday with nearly 6.8 million shares changing hands.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
US listing for Vietnam EV maker a major milestone: VinFast
Vietnamese electric vehicle (EV) maker VinFast has confirmed that it would start trading shares on the tech-focused Nasdaq on August 15 (U.S. time).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast shares expected to debut on Nasdaq next week
Vietnamese electric vehicle maker VinFast says its ordinary shares and warrants are expected to begin trading on the Nasdaq under the new ticker symbols “VFS” and “VFSWW,” respectively, on or around August 15.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s policy rate cuts are boosting stock prices
VinaCapital’s chief economist Michael Kokalari highlights that the Vietnamese stock market is bouncing back due to more money coming in, with a sharp pick-up in earnings growth expected in 2024.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
EV maker VinFast builds $4 bln US complex, gets nod for US listing
Vietnamese electronic vehicle (EV) maker VinFast announced Friday it plans a stock market listing in the U.S. next month and broke ground the same day on its $4 billion EV and battery manufacturing complex in North Carolina.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
GoLogiq to acquire Vietnam-based payroll fintech firm Symplefy for $30 mln
GoLogiq, Inc., a U.S.-based provider of fintech and consumer data analytics, has signed a definitive agreement to acquire Symplefy, a supplier of innovative payroll and end-to-end human resource management solutions.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam International Sourcing expo lures EU business missions, global retail giants
Business missions from Belgium and the Netherlands will attend the Vietnam International Sourcing 2023 expo in Ho Chi Minh City this September, seeking suppliers, partners and business opportunities.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm begins solar module production in northern Vietnam
U.S. solar module manufacturer Thornova Solar says it has started production at volume in its Vietnam facility that will supply products to the United States.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast EVs showcased in Israel prior to exports
Israeli car distributor B-EV Motors has introduced electric vehicles (EVs) made by Vietnamese carmaker VinFast in Tel Aviv ahead of official exports to be announced at a later date.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, US see ample room for cooperation: ambassador
Vietnamese Ambassador to the U.S. Nguyen Quoc Dung believes that the two nations’ relationship will continue to reach new heights, serving the tangible interests of their peoples and contributing to maintaining peace, stability, security, cooperation, and development in the Asia-Pacific region and the world.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Earth VC jointly backs US battery firm
Ho Chi Minh City-headquartered investment firm Earth Venture Capital has joined the latest financing round for Group14 Technologies, an American maker of lithium-silicon batteries.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Strong economic, security ties with Vietnam a priority: US Treasury Secretary Yellen
It is a priority for the U.S. to deepen its economic and security ties with Vietnam in the months and years to come, said Treasury Secretary Janet Yellen while meeting with Prime Minister Pham Minh Chinh in Hanoi Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Treasury Secretary Yellen backs Vietnam development
The U.S. Department of the Treasury (USDT) is supportive of Vietnam’s growth and economic transformation, which are good for both the Vietnamese and the American people, USDT Secretary Janet Yellen said Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam EV startup VinFast to break ground for US factory next week
Vietnamese electric vehicle startup VinFast will hold a groundbreaking ceremony for a major factory in North Carolina in the U.S. on July 28, the producer said on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms ship cement to US amid domestic market gloom
Major Vietnamese cement manufacturers Xuan Thanh and Nghi Son have penetrated the U.S. market as the construction sector at home remains quiet due to the ailing property market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nebraska governor focuses on Vietnam market to bolster trade
Governor of the U.S. state of Nebraska Jim Pillen will continue to focus on building trade, investment, economic development and educational opportunities with Vietnam moving forward, his office said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US state Nebraska, Binh Duong province ink multifaceted cooperation pact
Nebraska, a Midwestern state in the U.S., and Vietnam’s southern industrial province of Binh Duong have agreed to step up cooperation in many areas.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Treasury Secretary Yellen to visit Vietnam to strengthen ties
U.S. Treasury Secretary Janet Yellen is paying a visit to Vietnam next week to enhance bilateral relations.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nebraska Governor leads delegation on first trade mission to Vietnam
Nebraska Governor Jim Pillen will lead a delegation to Vietnam in a week-long visit starting Sunday, to grow trade opportunities that will benefit the U.S. state, his office announced Saturday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast-SPAC combine moves Vietnam EV maker closer to US listing
The merger between Vietnamese electric vehicle (EV) start-up VinFast and Black Spade Acquisition Co is set to complete by July 20, making it possible for the former to be listed in the U.S. after that, according to the two firms.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tech modernization tops ASEAN CEOs' priorities
About half the CEOs of firms in ASEAN countries including Vietnam identify tech modernization as their highest business priority.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
AD Green launches $45 mln solar panel plant in northern Vietnam
Vietnamese private conglomerate Damsan’s AD Green has inaugurated a $45 million, 3-gigawatt factory in northern Vietnam, manufacturing solar panels for domestic and overseas markets.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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