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Vietjet's parent company calls for stronger aircraft leasing protections just weeks after a UK court authorised the seizure of the airline's overseas assets. Meanwhile, Vietnam forecasts a 14 percent jump in government revenue, plans to reduce state ownership in major banks, Vinhomes prepares another US$76 million bond issue, and California Fitness faces mounting tax debts.
In today's news brief: HP and Asus shift production back to China, Tesla begins hiring in Vietnam, Saigon Commercial Bank closes all but three branches, the government considers electricity price cuts and fuel tax relief, and Vingroup partners with a US stadium operator.
In today's briefing: LPBank's construction lending has surged 127 percent following revelations that Vingroup's chairman and his wife became major shareholders. Meanwhile, Vietnam faces a US$1.5 trillion investment challenge, VPS Securities cuts hundreds of jobs amid falling market liquidity, banks find ways around deposit interest rate restrictions, and electric motorcycle sales soar as VinFast expands its market presence.
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