Vietnam

Vietnam’s government has approved Elon Musk‘s SpaceX for the trial launch of its Starlink satellite internet service in the country. What Happened: The Vietnamese government has permitted SpaceX’s Starlink to operate on a trial basis until the end of 2030. The government’s...

Vietnam’s Prime Minister, Pham Minh Chinh, has committed to fast-tracking the licensing process for Tesla (NASDAQ:TSLA) and SpaceX CEO, Elon Musk‘s Starlink under a pilot scheme. What Happened: During a meeting with nearly 40 U.S. businesses in Hanoi, Chinh called on the Ministry of...

Americans' coffee addiction is about to get a lot more expensive. With 66% of the population drinking coffee daily and an average intake of 2-3 cups per person, the U.S. is the world’s largest coffee market. Yet, a fresh jolt of bad news is hitting consumers: coffee prices have surged to...

The World Bank's Global Economic Prospects report, released Thursday, highlights a fragile outlook as inflation, trade disruptions, geopolitical tensions and policy uncertainty weigh on momentum. The global economy is expected to stay stuck at 2.7% growth in 2025-’26, a pace too weak to drive...

Taiwanese contract manufacturer Hon Hai Precision Industry Co. Ltd. (OTC:HNHPF), widely known as Foxconn and a major Apple Inc. supplier, is set to expand its presence in Vietnam with an $80 million investment through its subsidiary, Shunsin. What Happened: According to a document from Vietnam...

Meta Platforms Inc. (NASDAQ:META) will start producing its Quest virtual reality headsets in Vietnam starting in 2025. What Happened: The announcement came after a meeting that also discussed censorship and artificial intelligence, reported Nikkei Asia. The production of the Quest 3S model is...

SpaceX, led by Elon Musk, is planning to invest $1.5 billion in Vietnam, according to a statement from the Vietnamese government on Thursday. The investment aims to resolve a stalemate over the launch of its Starlink satellite services in the country. What Happened: Months of discussions on...

BYD Co., Ltd. (OTC:BYDDY) announced on Thursday its strategy to significantly expand its dealership network in Vietnam. The electric vehicle (EV) company is opening its first set of stores in the country this week. The move steps up the competition against local rival VinFast Auto Ltd. (NASDAQ:VFS...

Vietnam has opened up its data center market to foreign investors, allowing 100% ownership, following the implementation of controversial data storage regulations. This development is expected to attract major industry players like Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services and...

Tighter bean supplies are leading to higher costs for coffee, that popular beverage imbibed worldwide for its awakening effect. The most-active contract for the arabica variety fell nearly 2% to $2.450 a pound in New York after rising Tuesday to the highest since early 2022, Bloomberg reported....

The shopping habits of Generation Z in the Asia-Pacific region are being significantly influenced by TikTok and social media influencers, a KPMG report has revealed. What Happened: The study, which surveyed 7,000 consumers across 14 markets, including China, Singapore, Indonesia, Vietnam, and the...

Vietnam has reportedly lost at least $2.5 billion in foreign aid over the past three years due to administrative stagnation. The country is at risk of losing an additional $1 billion, as revealed in a letter to the government from the United Nations, the World Bank, and Western donors. The letter,...

Apple CEO Tim Cook is on a two-day visit to Vietnam. While the famed executive definitely will be in the Southeast Asian capital to talk business, he did not miss out on having fun either.  Cook tweeted a picture of him enjoying his downtime in Hanoi with musicians  My Linh and My Anh. He...

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is reportedly planning to enhance the company’s commitments in Vietnam. What Happened: Cook arrived in Hanoi, Vietnam’s capital, on Monday. During his two-day visit, Cook is scheduled to meet with Vietnamese programmers and content creators, a...

Vietnam’s top conglomerate, Vingroup, is ramping up its electric vehicle venture with global ambitions, but financial risks loom from its struggling unit, VinFast Auto Ltd (NASDAQ:VFS). Read More: Emerging Tesla Challenger VinFast Faces Sales Challenges, Posing Risks For Vietnam...