Vietnam

Vietnamese EV manufacturer VinFast (NASDAQ:VFS) has initiated a major overhaul of its executive leadership, placing its founder, Pham Nhat Vuong, at the helm as CEO. What Happened: Vuong, who is also the founder and chairman of VinFast’s parent company, Vingroup, has succeeded Le Thi Thu Thuy...

Nvidia Corp. (NASDAQ:NVDA), which has emerged as the AI stalwart, is planning aggressive expansion into Vietnam. What Happened: Nvidia is looking to expand its partnership with top tech firms in Vietnam, said CEO Jensen Huang at an event in Hanoi on Monday, Reuters reported. Huang was visiting the...

Amid escalating tensions between the U.S. and China, a group of five nations has emerged as significant connectors in the fragmenting global economy. These countries are Vietnam, Poland, Mexico, Morocco, and Indonesia. These nations have been identified as crucial links due to their strategic...

This story was first published on the Benzinga India portal. VinFast Auto (NASDAQ: VFS), Vietnam's rising electric vehicle (EV) manufacturer often pitted against Tesla Inc. (NASDAQ: TSLA), is reportedly contemplating India as the location for its next production center, which...

VinFast Auto Limited (NYSE: VFS) made good on its name when it debuted on NYSE via a reserve merger with a blank check company in August, rising in the space of days from $20 to over $80 a share. In that short-lived period, the Vietnamese EV maker became the third largest in the world by market...

Geopolitical tensions may rise in the upcoming weeks due to strengthening alliances. As the U.S. and Vietnam forge closer strategic ties, Russia and North Korea are also deepening their relations. The White House on Sunday announced a bevy of partnerships with Vietnam aimed at boosting areas like...

To gain an edge, this is what you need to know today. Auto Worker Strike Likely Please click here for a chart of General Motors Co (NYSE: GM). Note the following: The Morning Capsule is about the big picture, not an individual stock. The chart of GM stock is being used to...

VinFast Auto Ltd. (NASDAQ:VFS), the Vietnamese electric vehicle (EV) manufacturer founded by billionaire Pham Nhat Vuong, has seen its market capitalization spike to an astounding $190 billion. This meteoric ascent, witnessing a staggering 600% surge since its mid-August 2023 initial public...

President Joe Biden revealed plans to visit Vietnam in a bid to enhance U.S. relations with Asian countries and counter Xi Jinping's China influence, Bloomberg reports. Speaking at a Democratic fundraiser in Albuquerque, New Mexico, Biden emphasized Vietnam’s interest in transforming their...

The upcoming “Barbie” film has been banned from distribution in Vietnam due to a scene featuring a map that depicted China’s claimed territory in the South China Sea, The Hill reports. Offending Map: The state-run media outlet, Tuoi Tre newspaper, reported that the country’...

Electric vehicle (EV) company VinFast is going public via SPAC merger in a deal announced Friday morning. Here are the key details. The SPAC Deal: VinFast announced a SPAC merger with Black Spade Acquisition Co (NYSE: BSAQ). The deal comes as VinFast previously filed for an initial public offering...

Elon Musk's space exploration firm SpaceX, streaming giant Netflix Inc (NASDAQ: NFLX), and Boeing Co (NYSE: BA) are embarking on a business mission to Vietnam next week. What Happened: The mission is centered around investment and sales...

Vietnamese electric vehicle maker VinFast delivered its first tranche of 45 VF 8 City Edition electric SUVs to U.S. customers at California showrooms. What Happened: The deliveries, which mark the company's official entry into U.S. market and also its first sale outside Vietnam, were made at nine...

Three Southeast Asian countries are reportedly locking horns for Warren Buffett-backed BYD Co Ltd.‘s (OTC:BYDDF) (OTC:BYDDY) new electric vehicle assembly plant. What happened: The Philippines, Vietnam and Indonesia are all eager to host BYD’s plant, reported Bloomberg. See Also: Best...

Netflix Inc. (NASDAQ:NFLX) is reportedly gearing up to open an office in Vietnam after years of negotiations with the authorities and completing a risk assessment.  What Happened: The U.S.-based streaming giant is in the early stages of planning for a local entity in Vietnam, Reuters reported,...