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September 27, 2023 news
Vietnam’s Bamboo Airways can’t pay its pilots
Bamboo Airways has been haemorrhaging pilots over the late payment of salaries, Reuters is reporting. This comes after Japanese airline expert Oshima Hideki left the position of Chairman of the Board at Bamboo after just a couple of months on the job. The embattled Bamboo Airways has made a number
Donation to Oxford college from Vietjet CEO falls through
A US$188 million pledge to Oxford college from Vietjet’s CEO Thao Phuong Thi Nguyen has been put on ice due to legal constraints around moving the money out of Vietnam, The Telegraph is reporting. The donation would have seen Oxford’s Linacre College renamed Thao College after the donor. It’s not
State Bank of Vietnam issues more treasury bills, total hits US$2 billion
The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion).
Vietnam state media confirms T-bills issued to support local currency
If there was any doubt as to why the State Bank of Vietnam has been issuing treasury bills, this article in state media outlet Vietnam News should clear it up. “The SBV has also been making its own moves to address the rising exchange rate including the recent issuance of
Food company in northern Vietnam to branch out into electric vehicles
The Cencon Vietnam Company, known for frozen foods and consumer goods, has announced it intends to branch out into electric vehicles, The Leader is reporting. A new company will be established–the Cencon Electric Car Company–with start-up capital of VND 80 billion (US$3.3 million). The article suggests this new company will
Chinese press dubbs US-Vietnam rare earth ambitions ‘unrealistic’
The China Daily has run an op-ed in which it says the US and Vietnam lack the technology (which China has) to effectively mine and process Vietnam’s rare earth deposits reportedly the second biggest in the world. China withholding the necessary technology Vietnam needs to develop its rare earths industry