The U.S.’s share of Vietnam’s exports is growing, especially of laptops and smartphones, and the country is considered by investors as a potential global manufacturing hub, an analyst has said.   Jeongmin Seong, a partner with management consulting firm McKinsey Global Institute. Photo courtesy of the institute  Some 20% of Vietnam’s exports went to the […]

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The year 2024 continues to look good for Vietnam’s foreign investment attraction, as right from the beginning of this year, the country has attracted a host of projects.    Nhon Trach Industrial Park in Dong Nai Province, southern Vietnam. Photo by VnExpress/Quynh Tran  According to the Foreign Investment Agency under the Ministry of Planning and […]

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Vietnam bid farewell to 2023 on an upbeat note as the country spent the year experiencing positive signals that could help fulfill its ambitious goal of developing the semiconductor industry.    Vietnamese Prime Minister Pham Minh Chinh (C) meets with Vietnamese employees at Synopsys in the U.S. Photo: Nhat Bac / Tuoi Tre  Perhaps the most notable […]

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Vietnam’s Long An International Port has the potential to become an important trade bridge between Vietnam and Cambodia as well as a convenient international border gate through which foreign goods will enter and leave Cambodia, a Cambodian official has commented.   Governor of Cambodia’s Svay Rieng Province (R, 3rd) listens to an introduction about Long An […]

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Though 5.05% GDP growth last year was below the target, the economy steadily improved through the year despite the global headwinds.   Workers at garment company Dony’s factory in HCMC’s Tan Binh District. Photo by VnExpress/Quynh Tran A director of a wood products company in Dong Nai Province said his production fell by half last […]

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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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