South Korean aero parts supplier KP Aero Industries broke ground on its KP Vina Aircraft Component factory project, worth US$20 million in investment, in Da Nang City, central Vietnam on Tuesday. Spanning some two hectares at Da Nang Hi-Tech Park, the facility will specialize in manufacturing and assembling components such as auxiliary power units, wingboxes, […]

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Fifteen U.S. companies, including semiconductors firms, have expressed interest in investing $8 billion in Vietnam in clean energy infrastructure, contingent on the country’s progress on renewable energy rules, a senior U.S. official said.    Prime Minister Pham Minh Chinh speaks with U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose Fernandez […]

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The U.S. dollar rose against the Vietnamese dong Wednesday morning after dipping to the lowest in three weeks Tuesday. An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy Vietcombank sold the dollar at VND24,610, up 0.14% for the day. On Tuesday it closed at VND24,575, lowest since Jan. 10. VNDVietcombank’s […]

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Bettencourt Meyers, the heiress to the L’Oréal cosmetic fortune, is the first name from the long list of billionaire heirs to achieve the status of centibillionaire and the world’s richest woman.   Francoise Bettencourt Meyers, the heiress to the L’Oréal cosmetic fortune and the world’s richest woman. Photo by Reuters  She inherited the title of […]

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Tesla CEO Elon Musk reclaimed his title as the world’s richest person after the spot was occupied by French magnate Bernard Arnault for several days. A 4.2% jump in Tesla stock prices on Monday propelled Musk back into the lead with an estimated net worth of US$210.6 billion as of Jan. 31, according to Forbes. With […]

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Foreign remittances to Ho Chi Minh City soared by 43% to a record US$9.46 billion last year.    An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung  It accounted for half of all remittances to the country and was 2.7 times the foreign direct investment the city […]

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etailers from JCPenney to Tiffany & Co are funnelling huge sums into store renovations. They’re hoping massive makeovers will drive shoppers to spend. At JCPenney stores across the US, shoppers may notice a fresh paint smell, better lighting and shiny new signage – with even more improvements planned for the coming months. Centralised checkout counters […]

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The UAW is demanding higher wages from executives. How do American pay packets get so big – and can strikers close the gap between CEO-worker compensation? At 23:59 on 14 Sept, roughly 13,000 workers at three of the largest automakers in the US went on strike. After eight weeks of unsuccessful negotiations among the United […]

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In an interview with the BBC, founder of the multimillion-dollar skincare empire Dermalogica talks about entrepreneurship, independence and why human skills are the future of the service industry. On a sunny day in Los Angeles, Jane Wurwand stands outside the first storefront for her skincare brand Dermalogica. In 1983, she started with the idea to […]

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Instead of just responding to the business effects of climate change, leaders at this year’s World Economic Forum are discussing creating a proactive positive impact. From lethal heat waves to city-stopping floods, the harms of climate change are becoming increasingly clear around the world. So, too, is whom the public holds responsible: industries and corporations. In the US, for example, […]

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