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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.
In today's briefing: Danish media criticism of To Lam during state visit, California Fitness closes all Hanoi gyms, Vingroup approves KRW bond conditions, Hoi An tourism businesses record visitor drop, Tusk looking to sell Polish weapons to Vietnam, Singapore conditionally approves 1.3 GW renewable electricity imports from Vietnam, Vietnam-Russia quantum cooperation agreement, and Semiconductor plant ambitions in doubt.