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HANOI — A court in Vietnam on April 11 sentenced real estate tycoon Truong My Lan to death over her role in a 304 trillion dong (S$16.46 billion) financial fraud case, the country's biggest on record, state media reported.
HO CHI MINH CITY -- Vuong Dinh Hue, Vietnam's top legislator and a presidential contender, is making a lengthy trip to China, projecting stability between the world's two biggest communist countries after Hanoi upgraded ties with the U.S. and ousted two presidents in the course of a year.
HANOI — Vietnam National Assembly Chairman Vuong Dinh Hue met Chinese President Xi Jinping in Beijing on Monday (April 8) and proposed more co-operation between the South China Sea rivals on trade and development projects, the Vietnamese government and state media said.
Stabilising the gold market is a pressing issue for the Vietnamese government with smugglers taking advantage of higher local prices to slip in the precious metal, leading to exchange rate distortions and weakness in the dong that’s hurting the economy.
HANOI (Reuters) -- Vietnam's trade ministry said on Thursday that automaker Chery had signed a joint venture agreement with a local company to set up an $800 million plant, becoming the first Chinese electric vehicle maker to set up a facility in Vietnam.
HANOI -- From Samsung Electronics to LG, South Korean companies have long led foreign direct investment in Vietnam, making the Southeast Asian country a critical manufacturing hub in global supply chains. But they are now being pushed back by Chinese peers, according to the representative of the Korea Chamber of Commerce and Industry (KCCI) in the country.
HANOI -- From Samsung Electronics to LG, South Korean companies have long led foreign direct investment in Vietnam, making the Southeast Asian country a critical manufacturing hub in global supply chains. But they are now being pushed back by Chinese peers, according to the representative of the Korea Chamber of Commerce and Industry (KCCI) in the country.
HO CHI MINH CITY -- Vietnam's banks are in a quandary as they face official pressure to simultaneously increase lending and scrutinize loans more closely, and with authorities cracking down on financial fraud, including a case in which prosecutors are seeking the death penalty.