Vietnam

Vietnam forfeits billions in foreign aid amid anti-corruption freeze

26 days ago

Vietnam, a country known for its rapidly growing economy, is facing serious repercussions due to a lack of foreign investments and loans in light of recent anti-corruption measures implemented by the government. As a result of the suspension of financial aid negotiations, Vietnam has lost access to significant international funds, which could adversely affect its development plans and economic prosperity.

Vietnam Considers Developing Nuclear Energy

2 months ago

Vietnam is actively exploring the possibility of using nuclear energy as a key direction for its energy future. According to a report published by VNExpress, the country's Ministry of Energy will present a detailed plan for the development of nuclear energy next month. This initiative includes the assessment of energy needs, which are expected to grow in the coming years.

Vietnam Estimates $1.6 Billion Damage from Typhoon

3 months ago

Vietnam has faced significant economic damage due to Typhoon "Yagi," which hit the country in early September. According to the latest data, total losses amounted to approximately $1.6 billion. This critical event may adversely affect the country's economic growth in the coming months, complicating forecasts and recovery plans.

Grab Under Investigation in the Philippines for Alleged Assault of Vietnamese Rider

3 months ago

Philippines authorities have launched an investigation into Grab, a popular ride-hailing app, following reports of an alleged assault on one of their Vietnamese drivers. The incident has sparked widespread discussion among social media users and has drawn the attention of law enforcement.

Vietnam: Flood Risk Threatens Electronics and Other Industries

3 months ago

Vietnam, rapidly evolving as a manufacturing hub for electronics in Asia, is facing new challenges due to climate change and the threat of flooding. This is especially relevant for the northern regions of the country, which are at high risk of flooding, putting the region's further development as a high-tech center in jeopardy.

Typhoon Yagi Claims Two Lives and Injures 92 in Hainan, Heading Towards Northern Vietnam

3 months ago

Typhoon Yagi, which hit the Chinese island of Hainan, has resulted in two fatalities and 92 injuries. According to the local meteorological service, this powerful cyclone struck the island on September 7, 2024, bringing heavy rains and winds with gusts reaching up to 150 km/h. The storm flooded streets, uprooted trees, and damaged infrastructure, leading to significant destruction.

Vietnamese Authorities Initiate Investigation Into Unicorn VNG Company

3 months ago

The police in Vietnam have begun an investigation into Unicorn VNG, a well-known developer of gaming and software products. This decision follows suspicions surrounding the company's founders and several high-profile employees, who are accused of potential fraud and money laundering.

Vietnam Suspends Flights in Northern Region as Storm Yagi Approaches

3 months ago

Vietnamese authorities have decided to suspend operations at several airports in the northern part of the country due to the impending tropical storm Yagi. The storm, moving in from the southwest, is predicted to be quite strong, raising concerns among meteorologists and rescue services.

Goto Exits Tough Vietnam Market to Focus on Profitability

3 months ago

Goto, one of the major players in the ride-hailing app market in Southeast Asia, has decided to scale back its operations in Vietnam, where it is facing fierce competition and economic challenges. This decision is aimed at helping the company concentrate on achieving profitability—a crucial step following their recent IPO, which fell short of analysts' expectations.

Philippines Strengthen Ties with Vietnam Amid Ongoing China Tensions

3 months ago

Philippine President Ferdinand Marcos Jr. has initiated efforts to deepen cooperation with Vietnam amid rising tensions with China. At a meeting with Vietnamese Prime Minister Pham Minh Chinh, both sides discussed improving mutual trade, joint security efforts, and the possibility of expanding relations in energy and agriculture.