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Asian news from Ho Chi Minh City

LIEN HOANG - Nikkei staff writer - Vietnam's corruption crackdown stokes startup funding woes - asia.nikkei.com - Vietnam -  Ho Chi Minh City

Vietnam's corruption crackdown stokes startup funding woes

HO CHI MINH CITY -- Vietnam's unprecedented campaign against corruption has cast a pall over the country's startup scene, investors say, indicating gloom has spread beyond the property and banking industries most affected by recent criminal sentences linked to graft.

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LIEN HOANG - Nikkei staff writer - Companies welcome common standards as Vietnam prepares CO2 rules - asia.nikkei.com - Vietnam -  Ho Chi Minh City

Companies welcome common standards as Vietnam prepares CO2 rules

HO CHI MINH CITY -- No matter the industry, private companies tend to resist government regulation. But this tendency is beginning to change when it comes to environmental rules.

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LIEN HOANG - Nikkei staff writer - Alibaba to build Vietnam data center to follow local storage law - asia.nikkei.com - China - Vietnam -  Ho Chi Minh City

Alibaba to build Vietnam data center to follow local storage law

HO CHI MINH CITY -- Alibaba plans to build a data center in Vietnam to store data locally in compliance with legal requirements, while it currently relies on government-owned facilities.

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Nikkei staff writer - Quang Ninh - ATSUSHI TOMIYAMA - Vietnam's tourism hot spot becomes foreign investment hub - asia.nikkei.com -  Tokyo - Vietnam - county Bay -  Ho Chi Minh City -  Hanoi

Vietnam's tourism hot spot becomes foreign investment hub

TOKYO -- With its emerald green ocean and moss-covered islets, the world heritage site of Halong Bay in northern Vietnam is one of the country's most popular destinations, attracting tourists from around the world. In 2023, it welcomed about 2.6 million foreign visitors, accounting for 21% of Vietnam's total inbound tourists.

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YUJI NITTA - Nikkei staff writer - VinFast CEO to inject $1bn of personal wealth into Vietnam EV maker - asia.nikkei.com - Vietnam -  Ho Chi Minh City

VinFast CEO to inject $1bn of personal wealth into Vietnam EV maker

HO CHI MINH CITY -- The chief executive of VinFast will invest $1 billion of his own money into the Vietnamese electric vehicle maker to support the company as it deals with ballooning upfront spending.

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Thousands of Vietnamese lament life savings lost in nation’s largest financial scam - scmp.com - Usa - Vietnam -  Ho Chi Minh City

Thousands of Vietnamese lament life savings lost in nation’s largest financial scam

For many years, Kim Lien, a food stallholder in Ho Chi Minh City, served countless bowls of tofu soup and was able to squirrel away US$25,000 of her earnings.

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YUJI NITTA - Nikkei staff writer - Vietnam's Masan Group weighs IPO for consumer unit - asia.nikkei.com - Vietnam -  Ho Chi Minh City

Vietnam's Masan Group weighs IPO for consumer unit

HO CHI MINH CITY -- Vietnamese conglomerate Masan Group said Thursday that an initial public offering is a possibility for its consumer arm, in what could be the country's largest-ever stock market debut.

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LIEN HOANG - Nikkei staff writer - Southeast Asia restaurants lose out as COVID delivery habit persists - asia.nikkei.com -  Ho Chi Minh City

Southeast Asia restaurants lose out as COVID delivery habit persists

HO CHI MINH CITY -- Dining out, it seems, is out. And delivery is in.

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