Tag: Vietnam

Vietnam EV maker VinFast reports $2 billion net loss in 2023

HANOI, Feb 22, 2024 (AFP) – Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to crack the international market, aiming to compete with global EV giants such as Tesla. VinFast said in a filing submitted to the US Securities and Exchange Commission that its […]

Vietnam, Philippines boost South China Sea ties amid China row

Vietnam and the Philippines agreed on Tuesday to boost coastguard cooperation in the South China Sea, as Manila tussles with Beijing over a hotly disputed reef. China claims almost all of the strategic waterway in full, but the Philippines, Vietnam and several other countries claim various islands, islets, reefs and shoals. Tensions have flared recently between Manila and Beijing over a series of confrontations between vessels from both countries, in particular around the Second Thomas […]

Vietnam internet firm VNG withdraws US IPO

HANOI, Jan 23, 2024 (AFP) – Vietnamese internet firm VNG has withdrawn its registration for an initial public offering in the United States, according to a company statement. Last year, the Ho Chi Minh City-based company said it aimed to sell nearly 22 million shares in the IPO and had plans to expand into Southeast Asia, the Middle East and Latin America. “The Company has determined not to conduct a registered offering at this time […]

Vietnam sentences nine to death for drug trafficking

HANOI, Jan 22, 2024 (AFP) – Vietnam sentenced nine people to death and two others to life in prison on Monday for their involvement in a cross-border drug trafficking ring, state media reported. The Southeast Asian country has some of the world’s toughest drug laws, and is notoriously secretive about its executions. At the end of a three-day trial, a court in central Nghe An province sentenced ringleader Tran Thi Mau, 56, and eight accomplices […]

China’s Xi visits Vietnam in bid to counter US

By Alice PHILIPSON HANOI, Dec 12, 2023 (AFP) – China and Vietnam pledged on Tuesday to deepen ties during President Xi Jinping’s first visit in six years, as Beijing seeks to counter growing US influence with the communist nation. Xi met the leader of Vietnam’s ruling Communist Party, Nguyen Phu Trong, on the first day of his trip, after Hanoi upgraded diplomatic ties with Washington when US President Joe Biden visited in September. Biden’s visit […]

Southeast Asia banks on aviation boom

By Alexis Hontang with Suy Se in Siem Reap BANGKOK, Dec 6, 2023 (AFP) – Major airport expansion projects are taking off across Thailand, Cambodia and Vietnam, and a new airline is set to launch next year — all banking on an expected boom in air travel in Southeast Asia, fuelled by Chinese and Indian tourists. But there are doubts about whether it will materialise in an uncertain economic environment and as worries about the […]

Flooding, heavy rain kill three in Vietnam

HANOI, November 1, 2023 (AFP) – Three people died after days of heavy rain in central and north Vietnam that flooded homes and submerged roads, disaster management authorities said Tuesday. Access to several communities in central Ha Tinh province has been cut off, while the police and military have been mobilised to rescue people from high-risk areas. A woman and a 13-year-old boy were found dead in the province after being swept away by strong […]

Four South Korean tourists killed in Vietnam floods

HANOI, Oct 24, 2023 (AFP) – Four South Korean tourists were killed Tuesday in Vietnam’s Central Highlands after their car was swept away by rising floodwater following days of heavy rain, state media said. The accident took place around midday in Dalat, a picturesque city popular with holidaymakers, when the tourists’ jeep tried to cross a swollen stream. The water had “suddenly risen high” after three days of continuous rainfall in the mountainous Lam Dong […]

Social media giants removed ‘anti-state’ posts in Vietnam: state media

  HANOI, Oct 6, 2023 (AFP) – Social media giants YouTube, TikTok and Facebook removed nearly 800 “anti-state” or “false” posts in Vietnam over the course of a month at the request of the communist government, state media said Friday. Around 380 YouTube videos, 364 Facebook posts and 33 TikTok links were taken down or blocked between mid-August and mid-September, state-controlled Thanh Nien newspaper said in a report, quoting the Ministry of Information and Communications […]

UN concerned about arrests of environmental activists in Vietnam

(UN GENEVA, Switzerland) The UN Human Rights Office spokesperson, Jeremy Laurence, has voiced deep concerns regarding the arrest, detention, and sentencing of environmental human rights defenders in Vietnam. Laurence stressed that these concerns encompass both the charges they face and the fairness of their trials. During a recent press briefing, Laurence said, “Yesterday, Hoang Thi Minh Hong became the fifth of six environmental human rights defenders arrested from 2021 to 2023 to be sentenced. She […]

Vietnam economy grows 5.3% in third quarter

HANOI, Sept 29, 2023 (AFP) – Vietnam’s economy grew 5.3 percent on-year in the third quarter, official data showed Friday, though experts warned it was on course to miss an ambitious year-end target. Loan interest rate reductions, an extension of tax payments and increased public investment had a positive impact, the General Statistics Office (GSO) said. But analysts warn it will be an uphill battle for the clothing, shoes and electronics manufacturing hub to reach […]

Vietnam executes man despite diplomatic pleas for mercy

  HANOI, Sept 23, 2023 (AFP) – Vietnam has executed long-time death row prisoner Le Van Manh, a lawyer confirmed Saturday, despite international pleas to spare his life. In 2005 Manh was charged with robbery, as well as the rape and murder of a 13-year-old girl in the northern Thanh Hoa province. The International Commission of Jurists (ICJ) said police obtained a confession through torture that was relied upon to convict him. Manh later retracted […]