Vietnam’s president resigns in latest twist of anti-graft campaign shaking its fast-growing economy

BANGKOK — Vietnam’s president resigned in the latest episode of the ruling Communist Party’s “blazing furnace” anti-corruption campaign, and Vice President Vo Thi Anh Xuan was named acting president. The appointment is Xuan’s second stint as acting president after she stepped in when Vo Van Thuong’s predecessor resigned in early 2023. The turmoil among top … Read more

In Vietnam’s Mekong Delta, the lure of moving to the city grows even stronger amid climate shocks

CAN THO, Vietnam — Dao Bao Tran and her brother Do Hoang Trung, 11-year-old twins growing up on a rickety houseboat in the Mekong Delta, have dreams. Tran loves K-pop, watches videos at night to learn Korean and would love to visit Seoul. Trung wants to be a singer. But their hopes are “unrealistic,” said … Read more

Vietnam’s VinFast to build a $2 billion EV plant in India as part of its global expansion

HANOI, Vietnam — Vietnamese automaker VinFast says it plans to spend up to $2 billion to build an electric vehicle factory in India, the world’s third-largest auto market by sales. The factory in southern India’s Tamil Nadu state will be the company’s first foray into India and follows VinFast’s launch of sales in the United … Read more

Vietnam’s plan for spending $15.5 billion for its clean energy transition to be announced at COP28

A plan for how Vietnam will spend $15.5 billion to transition to cleaner energy has been finalized and will be announced formally at the COP28 climate conference, which begins in Dubai next week ByANIRUDDHA GHOSAL Associated Press November 24, 2023, 6:02 AM FILE – Workers are seen in Ninh Binh Power Plant, which is a … Read more

Inside Vietnam’s plans to dent China’s rare earths dominance

By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies. The move would … Read more