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☆ VinFast loss widens in fourth quarter, confident of achieving 2024 sales goals
  + stars: | 2024-02-23 | by ( ) www.cnbc.com   time to read: +2 min
Nhac Nguyen | Afp | Getty ImagesVietnamese electric vehicle, or EV, maker VinFast on Thursday said its fourth-quarter net loss deepened 3.4% from the previous three months but it aims to nearly triple vehicle sales this year as it expands into new markets. VinFast's net losses in the final quarter of 2023 reached $650.1 million, also 1.3% higher than the same period of 2022. watch nowOther automakers, in contrast, have slashed EV sales targets and curtailed investment plans due to weakening demand in major markets such as the United States. Fewer than 1,000 units were sold in North America, Thuy said, adding that new dealerships would boost VinFast's sales this year compared to its direct sales model. Founded in 2017 and making EVs since 2021, VinFast has announced numerous EV growth plans overseas.
Persons: VinFast, Nguyen, Le, Thuy, Pham Nhat Vuong Organizations: Afp, Getty, Reuters, Green SM, GSM Locations: United States, North America, North Carolina, India, Indonesia, Vietnam
☆ VinFast stock soars again on Nasdaq as buzz over Vietnamese EV maker grows
  + stars: | 2023-08-23 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, enjoyed another stunning rally again Tuesday. The strong market performance could make it easier for VinFast to raise more money from investors, a move CEO Thuy Le told CNN the company was considering. A similar story played out last week, when VinFast began trading on the Nasdaq. Public trading of VinFast (VFS) is based on razor-thin volumes — just 1% of the shares, which means price moves can be extremely volatile. On Tuesday, VinFast was one of the top trending companies and “most watched” stocks on Stocktwits, a social network for investors.
Persons: Thuy Le, VinFast, Pham Nhat Vuong, CNN’s Julia Chatterley, Le, “, ”, ” Le, Nhac Nguyen, Pham, CNN’s Livvy Doherty Organizations: Hong Kong CNN —, CNN, Nasdaq, Volkswagen, Ford, Getty, Volkswagen Group Locations: Hong Kong, New York, lockup, Hanoi, AFP, North Carolina, Asia, United States
☆ The 'harshest heat wave' in its history caught Southeast Asia off guard
  + stars: | 2023-06-06 | by ( Carlotta Dotto Krystina Shveda Lou Robinson | Carlotta Dotto | Krystina Shveda | ) edition.cnn.com   time to read: +15 min
The average May temperature in Hanoi is 32 degrees Celsius (90 degrees Fahrenheit). “Which is why a humid heat wave is more dangerous than a dry heat wave,” she told CNN. This is above a threshold considered dangerous, especially for people with health problems or those not used to extreme heat. In Thailand, 20 days in April and at least 10 days in May reached feels-like temperatures above 46 degrees Celsius (115 degrees Fahrenheit). Throughout April and May, Vietnam, Cambodia, Laos and Malaysia all had several days with potential to cause extreme heat stress.
Persons: ”, ” Phong, Dinh Van Hung, ” Dinh, Nhac Nguyen, Maximiliano Herrera, Herrera, Mariam Zachariah, Cyclone Mocha, ” Zachariah, Chaya Vaddhanaphuti, ” Emmanuel Raju, ” Raju, Madaree Tohlala, “ Nui, “, ” Nui, Andre Malerba, Chaya, –, Chintanaphone, Boua Seng, Lobia Yaw, Thongsouk, hasn’t Organizations: Hong Kong CNN, CNN, Getty, ” Workers, Imperial College London, WWA, Chiang Mai University, Copenhagen Center for Disaster Research, Labour Organization, Farmers, Weather, Lao Farmer Network Locations: Hong Kong, Hanoi, Vietnam, Dong Da district, “, Hanoi , Vietnam, AFP, Dinh, Southeast Asia, Thailand, Laos, Cambodia, Malaysia, Myanmar, Asia, Thai, Narathiwat, Bangkok, ”
☆ Vietnam is home to the world's longest glass-bottomed bridge — take a look at the 2,000-foot pedestrian walkway, suspended high above a valley
  + stars: | 2022-12-21 | by ( Sarah Jackson | Matthew Loh | ) www.businessinsider.com   time to read: 1 min
The company behind Bach Long said it put the bridge to the test by having heavy cars and trucks drive over it. As an additional safety measure, traffic on the bridge flows in only one direction. Nhac Nguyen/AFP via Getty ImagesSource: South China Morning Post, Vietnam National Administration of Tourism
☆ Five countries, other than China, most dependent on the South China Sea
  + stars: | 2022-11-18 | by ( Sean M. Holt | ) www.cnbc.com   time to read: +11 min
Territorially, there are seven claimants to the South China Sea: China, Brunei, Indonesia, Malaysia, the Philippines, Taiwan and Vietnam. Analysts name the top five countries, other than China, that are most dependent on the South China Sea. Aerial view of fishing boats setting sail to South China Sea for fishing on August 16, 2022 in Yangjiang, Guangdong Province of China. "Although they claim more than half of the South China Sea, China has pushed claimant states such as Vietnam out of traditional fishing waters and more into the South China Sea, causing excessive overfishing." South KoreaSouth Korea is "intentionally quiet about the South China Sea" as it wants to "maintain favor with China," Graham said, citing Seoul's primary focus on the North Korean issue.
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