According to a senior executive from General Atlantic, a global private equity firm, the company plans on investing $2 billion in India and Southeast Asia over the next two years. The development comes in the wake of falling valuations, which… Read More ›
Vietnam
Malaysia fully open international borders to travelers from April 1
In a statement Malaysian Prime Minister Ismail Sabri Yaakob said, Kuala Lumpur will reopen its borders from April 1 and allow entry of visitors without quarantine requirements for those who are fully vaccinated against COVID-19. Since March 2020, Malaysia has… Read More ›
Vietnam eases restrictions on fully vaccinated foreign tourists, eyes full reopening of the industry from June 2022
Vietnam has allowed the entry of foreign tourist into the country with two hundred vaccinated foreign tourists arriving in its beach-fringed island of Phu Quoc. The arrival marks the first wave of international tourists to the country in nearly two… Read More ›
Chinese solar manufacturers shifting manufacturing base to Vietnam, Malaysia and Thailand to evade US tariffs
In a statement the U.S. Commerce Department said, it has asked a group of anonymous domestic solar manufacturers for additional information before it would consider a request to impose duties on panels produced in three Southeast Asian countries. The development… Read More ›
Vietnam’s domestic car manufacturer Vinfast opens offices in Europe, North America
On Monday, Vietnam’s domestic car manufacturer Vinfast said, it has opened offices in Europe and in North America. The development marks the company joining a crowded sector as it tries to woo customers with smart electric cars. VinFast, a unit… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
Vietnamese business hub Ho Chi Minh City enacts COVID-19 protocols
In a statement on Sunday, the Vietnamese government said, its business hub Ho Chi Minh City will begin social distancing measures for 15 days starting from May 31. The effort is aimed at curbing the spread of coronavirus-induced COVID-19 pandemic…. Read More ›
Tires for cars and light trucks from Vietnam being unfairly subsidized by currency undervaluation: US Commerce Department
In a statement, the U.S. Commerce Department said, tires for cars and light truck from Vietnam are being unfairly subsidized given that its currency is undervalued. The development marks the first finding of its kind by the US Commerce Department…. Read More ›
Vietnam temporarily suspends Foxconn’s plants after COVID-19 outbreak
In a statement, Vietnam’s People’s Committee of the northern province of Bac Giang ordered four industrial parks, including three which house the production facilities of Taiwan’s Foxconn to temporarily shut down because of a COVID-19 outbreak. The People’s Committee said these… Read More ›
Britain applies for Comprehensive and Progressive Agreement for Trans-Pacific Partnership
In the coming week Britain is set to apply for a membership to the trans-Pacific trading bloc of 11 countries. Ever since it left the European Union, Britain has made its desire to join the Comprehensive and Progressive Agreement for… Read More ›