VinFast founder Pham Nhat Vuong injects another US$436 million into the loss-making EV maker as Vingroup reports record quarterly profits. Meanwhile, Vietnam faces a renewed international money laundering warning, is forecast to overtake Indonesia in GDP per capita, and introduces electricity price cuts and tax relief as rising fuel costs weigh on Vietnam Airlines.

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.