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☆ Your latte could get even more expensive, thanks to a drought in Vietnam that's strangling coffee bean production
▼ + stars: | 2024-04-26 | by ( Meghan Morris | ) www.businessinsider.com time to read: +2 min

Robusta coffee futures hit a 16-year high because of a prolonged drought in Vietnam. The robusta coffee variety is the basis for both espresso and instant coffee. A long, El Niño-induced drought in Vietnam pushed up the price of robusta futures on Wednesday to the highest in at least 16 years, Bloomberg reported. This year's drought in Vietnam could continue the low-supply cycle, hurting next year's production. Vietnam is increasingly importing cheaper robusta from Brazil to satisfy soaring local demand from coffee drinkers, Bloomberg reported in March.

Persons: —, El Niño, Tran, Lan Anh Organizations: Service, Bloomberg, US Department of Agriculture, Co, International Coffee Organization Locations: Vietnam, Brazil, Asia, Europe, mocha

☆ Tycoon’s death penalty in $12.5 billion fraud case highlights Vietnam’s corruption crisis
▼ + stars: | 2024-04-12 | by ( Heather Chen | ) edition.cnn.com time to read: +12 min

The scale of the fraud was said to be equivalent to roughly 3% of Vietnam’s economy. Though widely considered ceremonial, the presidency is one of the top three positions in Vietnam’s political hierarchy after the CPV’s Secretary General, currently Nguyen Phu Trong. In fact, the International Monetary Fund expects Vietnam’s economy to grow by 5.8% this year, compared to 4.6% for China. Their fate remains unclear, given the highly secretive nature of Vietnam’s political system. But Vietnamese political experts said a permanent appointment would not end the instability.

Persons: Truong My Lan, Van Thinh, siphoned, “, Eric Chu, Vietnam’s, Vo Van, Trong, Thuong, Vo Van Thuong, Richard A, Brooks, Nguyen Xuan Phuc, Pham Binh, Le Hong Hiep, Yusof, ” Hiep, ”, Thu, General Trong, Xi Jinping, ” Zachary Abuza, Salt Bae, Lam, ” Abuza, Nguyen Phu Trong, Evelyn Hockstein, Abuza, Bui Thanh Soh, ” Soh, Vo, Xuan, Thuong’s, Le Hong Organizations: CNN, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, SCB, Express, Communist Party, Institute, Crisis Group, National War College, Vietnamese Communist Party, Public Security, Vietnam, International Monetary Fund, Companies, Apple, Intel, Vietnam's Communist Party General, Yusof, Brookings Institution, “, Crisis Locations: Vietnam, Saigon, People’s, Ho Chi Minh City, Hong Kong, Duc, Singapore, Asia, China, Washington, “, London, Turkish, Hanoi, Bangkok

☆ 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

☆ Momentum of electric vehicle sales will continue, says Vietnam's VinFast
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMomentum of electric vehicle sales will continue, says Vietnam's VinFastVinFast Chairwoman Le Thi Thu Thuy says the world is "still moving" from internal combustion engine vehicles to electric vehicles.

Persons: Vietnam's VinFast, Le

☆ We had to learn how to make internal combustion engine vehicles before switching to EVs: VinFast
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe had to learn how to make internal combustion engine vehicles before switching to EVs: VinFastVinFast's Chairwoman Le Thi Thu Thuy says "we had to go the long way."

Persons: VinFast, Le

☆ There are many women in leadership positions here, says Vietnam's VinFast
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are many women in leadership positions here, says Vietnam's VinFastVinFast Chairwoman Le Thi Thu Thuy discusses how she navigates the male-dominated electric vehicle industry.

Persons: Vietnam's VinFast, Le

☆ US DFC considers $500 mln loan to Vietnamese EV maker VinFast
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

A Vinfast electric vehicle store is shown at one of the company's retail locations in San Diego, California, U.S.,October 20, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsHANOI, Dec 4 (Reuters) - The United States International Development Finance Corporation (DFC) has signed a letter of interest with electric vehicles maker VinFast to consider the Vietnamese company's application for a $500 million loan for expansion, VinFast said on Monday. The loan, which will be used to support VinFast's establishment of lithium-ion battery manufacturing facilities in Vietnam, is subject to a comprehensive review and approval process by DFC, the carmaker said in a statement. DFC said on X, formerly Twitter, that it had signed the letter of interest to support VinFast's lithium-ion battery facilities in Vietnam, but did not provide details. The project will be the first in a series of initiatives actively discussed by the two parties, VinFast said.

Persons: Mike Blake, VinFast, Phuong Nguyen, Kanupriya Kapoor Organizations: REUTERS, Rights, United States International Development Finance Corporation, Vietnam's, Nasdaq, Thomson Locations: San Diego , California, U.S, Rights HANOI, Vietnam, California, Southeast Asia

☆ This Photograph of Dead Palestinian Children Demands to Be Seen - The New York Times
▼ + stars: | 2023-11-13 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +13 min

The photograph tells us nothing about whether or how these children are related. Hundreds of Israeli hostages, including children, are believed to be held in Gaza by Hamas, their families desperate for their safe release. It is a rare thing for mainstream news organizations to publish graphic images of dead or wounded children. There is nothing quite so devastating as the image of a child whose life has been snuffed out by senseless violence. And so the slaughter in Maine reminded me of another image from Gaza, one you may have seen on social media.

Persons: Mahmud Hams, Israel, I’ve, Emmett Till’s, Kim Phuc Phan Thi, Nick Ut’s, “, Biden, ” Susan Sontag, ”, Sontag, photojournalists, Aaron Young, Mohammed Salem, Khan Younis, Inas Abu Maamar, Saly, Mary, Jesus, Bashar al Organizations: Palestinian Hamas, Agence France, Ministry of Health, Times, The Times, Hamas, Oslo Accords, Reuters Locations: Al Aqsa, Deir al, Gaza, Israel, Palestinian, Mahmud, Vietnam, Syrian, Turkey, Europe, Oslo, ”, Bosnia, Sarajevo, Maine, Khan, Khartoum, Russian

☆ 5 deaths in 10 days point to a problem Australia wants to solve
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Hilary Whiteman | ) edition.cnn.com time to read: +9 min

Two days earlier, the body of 38-year-old Krystal Marshall was recovered from the charred remains of her home after a house fire in South Australia, according to SA Police. The number of women killed by violence in Australia has ranged between 43 and 84 each years since Counting Dead Women began tallying deaths in 2012. Since then, she said she’s noticed a change in the way people, including the police, respond to domestic violence. But until those lessons are learned, state authorities are strengthening their responses to domestic violence. Whitford says it takes the community to come together to prevent more women becoming victims of domestic violence.

Persons: Manuela Whitford, We’ve, I’ve, ”, ’ I’m, ” Whitford, you’re, you’ve, It’s, They’re, Alice McShera, Geoff DeSanges, Lilie James, Krystal Marshall, Analyn, Whitford, she’s, “, Julia Gillard, Gillard, Andrew Tate, Andrew Lines, Lines, –, haven’t, Hilary Whiteman Organizations: Australia CNN, Friends, Facebook, WA, Victoria Police, New South Wales Police, ACT Policing, Police, SA Police, Dignity, Australian Institute of Health and Welfare, Women Survey, Women, United Nations, Global Institute, Women’s, NSW Police, CNN Locations: Brisbane, Australia, Australian, Perth, Western Australia, Sydney, New, Canberra, South Australia, Romania, New Zealand

☆ Exclusive: Vietnam eyes China model to seek index upgrade, boost investment
▼ + stars: | 2023-10-25 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com time to read: +4 min

An investor sits in front of screens showing stock board information at a securities company in Hanoi, Vietnam July 6, 2018. That prevents many funds, investors and family offices from investing in companies listed there. MULTI-MILLION-DOLLAR PIEUnder the new plan, Vietnam would adopt a mechanism to settle payments on shares transactions that could meet the key requirement from FTSE for the upgrade. Active funds are estimated to have five times more investments in the FTSE emerging market, which could lead to far bigger gains for the HCMC market, which has currently a $179 billion capitalisation. Foreign investors need also to be consulted.

Persons: Le Thi Le Hang, Francesco Guarascio @fraguarascio, Lincoln Organizations: REUTERS, FTSE, Chi Minh City Stock Exchange, The bourse, State Securities Commission, Vietnam, Thomson Locations: Hanoi, Vietnam, China HANOI, China, Chi Minh, The, Indonesia, Philippines, Qatar, Sri Lanka, Kenya

☆ VinFast expects sales to founder's taxi venture to extend into 2024
▼ + stars: | 2023-10-19 | by ( Phuong Nguyen | ) www.reuters.com time to read: +3 min

In an interview, VinFast CEO Le Thi Thu Thuy said VinFast had not provided any financing to GSM. "For the next two quarters we still see GSM having demand for our vehicles, both EVs and e-scooters," Thuy said. A VinFast survey showed riders who had experienced a ride in a VinFast taxi operated by GSM were four times more likely to buy than customers who took standard test drives, she said. GSM launched Vietnam's first pure EV taxi service earlier this year. Thuy said no deliveries had been made to Autonomy yet, and that VinFast was "working on options for contract execution."

Persons: VinFast, Pham Nhat Vuong, Le, Thuy, Nguyen Van Thanh, Thanh, VinFast's, Phuong Nguyen, Raju Gopalakrishnan Organizations: Green SM, GSM, EV, Thomson Locations: HANOI, Vietnam, Laos, India, Indonesia, United States, U.S, Autonomy

Vietnam’s opaque legal system has come under increased criticism from Western observers this year, even as the Southeast Asian country draws closer to the United States. In April during a visit to Hanoi, a delegation of the European Parliament’s Subcommittee of Human Rights expressed “great concern at the worsening human rights situation in the country” calling for the release of “political prisoners” including NGO leaders, journalists and environmental activists, according to Reuters. “Vietnam and the United States are critical partners at what I would argue is a very critical time,” Biden said at the time, referencing climate change. The importance of her cause has been underlined by the United States Agency for International Development (USAID), which lists Vietnam as one of the world’s most vulnerable countries to climate change. Ben Swanton, co director of The 88 Project, which advocates for human rights in Vietnam, called her trial “a total sham.”“This is yet another example of the law being weaponized for the purpose of political persecution,” he said.

Persons: Hoang, Hong, Nguyen Van Tu, Matthew Miller, “, ”, ” Miller, Joe Biden’s, ” Biden, “ I’m, Hong “, Ben Swanton Organizations: CNN, US State Department, State, European, Human, Reuters, Human Rights Watch, Obama, Columbia University, HRW, United States Agency for International Development, USAID, Amnesty Locations: Ho Chi Minh City, United States, Vietnam, Hanoi, “ Vietnam

☆ VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
▼ + stars: | 2023-09-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Lisa Baertlein | ReutersVietnamese electric vehicle maker VinFast's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic," according to one analyst. VinFast said it expects to deliver 40,000 to 50,000 vehicles in 2023 despite a weak global economy. In April, Green SM launched a pure EV taxi service in Vietnam with VinFast models. "VinFast's ambitious EV plan seems unrealistic. For example, VinFast's VF9 model is priced from $83,000 whereas the Tesla Model X is priced from $68,590 after federal tax credit and gas savings.

Persons: Lisa Baertlein, VinFast, Vingroup, Green, David Byrne, Tesla, XPeng, Lê Thị Organizations: Reuters, Smart Mobility, Green SM, EV, LightStream Research, P Global Mobility, CNBC, Nasdaq, Our U.S, Tesla Locations: Los Angeles, Vietnam, U.S, North America, Europe, Asia, Middle East, Our, North Carolina

FILE PHOTO-Volker Turk, United Nations High Commissioner for Human Rights, attends the Human Rights Council at the United Nations in Geneva, Switzerland February 27, 2023. Hanoi police on Sept. 15 detained Ngo Thi To Nhien, Executive Director of the Vietnam Initiative for Energy Transition (VIET), an independent think tank focused on green energy policy, Reuters reported last week citing a charity and a source. Nhien had worked for the World Bank, with the United Nations Development Programme and the United States aid agency (USAID), according to her profile on LinkedIn. She "has participated in international and national events, including consultations organized by UNDP on the topic of energy transition," the UNDP in Vietnam confirmed in an email message to Reuters. Phil Robertson, Deputy Asia Director at Human Rights Watch, said Manh had a strong alibi which was disregarded.

Persons: Volker Turk, Denis Balibouse, U.N, Joe Biden, Ngo Thi, Nhien, Le Van Manh, Phil Robertson, Manh, Francesco Guarascio @fraguarascio, Michael Perry Organizations: United Nations, Human Rights, REUTERS, Rights, Vietnam Initiative for Energy, Reuters, UN, World Bank, USAID, LinkedIn, UNDP, European, Asia, Thomson Locations: Geneva, Switzerland, Rights HANOI, Hanoi, United States, Vietnam

☆ UN Worried About Vietnam Arrest of Energy Expert After Biden's Visit
▼ + stars: | 2023-09-25 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By Francesco GuarascioHANOI (Reuters) - The U.N. human rights office has expressed concern about the arrest of a Vietnamese green energy expert, who had collaborated with U.N. and U.S. agencies, just days after President Joe Biden signed business and human rights deals with Hanoi on a visit. Hanoi police on Sept. 15 detained Ngo Thi To Nhien, Executive Director of the Vietnam Initiative for Energy Transition (VIET), an independent think tank focused on green energy policy, Reuters reported last week citing a charity and a source. She "has participated in international and national events, including consultations organized by UNDP on the topic of energy transition," the UNDP in Vietnam confirmed in an email message to Reuters. Vietnam's government has not issued any public statement about Nhien's arrest, and did not reply to requests for comment. Phil Robertson, Deputy Asia Director at Human Rights Watch, said Manh had a strong alibi which was disregarded.

Persons: Francesco Guarascio HANOI, U.N, Joe Biden, Ngo Thi, Nhien, Le Van Manh, Phil Robertson, Manh, Francesco Guarascio @fraguarascio, Michael Perry Organizations: Vietnam Initiative for Energy, Reuters, UN, Human Rights, World Bank, United Nations, USAID, LinkedIn, UNDP, European, Asia Locations: Hanoi, United States, Vietnam

A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. If fulfilled, Europe would become VinFast's biggest overseas market this year. The company had shipped about 2,100 EVs earlier this year to the United States. Should the EU probe conclude that punitive duties on China-made EVs are warranted, VinFast could find its cars are more competitively priced. VinFast, which is part of Vietnamese conglomerate Vingroup (VIC.HM), was formed in 2017 and began making EVs in 2021 after dropping its manufacturing of cars with internal combustion engines.

Persons: Steve Marcus, Thuy, Inovev, VinFast, Phuong Nguyen, Francesco Guarascio, Miral Organizations: Las Vegas Convention, REUTERS, Rights, Reuters, European Union, Nasdaq, EU, Thomson Locations: Las Vegas , Nevada, U.S, Rights HANOI, Europe, France, Germany, Netherlands, VinFast's, Vietnam, United States, Israel, China, Indonesia, India, East, Africa, Latin America

☆ VietJet to take delivery of up to 12 Boeing 737 MAX jets next year
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

An aircraft of the national flag carrier Vietnam Airlines taxis behind a Vietjet aircraft at Noi Bai airport in Hanoi, Vietnam December 23, 2020. REUTERS/Kham/File Photo Acquire Licensing RightsHANOI, Sept 12 (Reuters) - Vietnam's VietJet said on Tuesday it will take delivery of up to 12 737 MAX jets next year, out of 200 planes it has ordered with Boeing. The first batch of the jets will be delivered to its unit in Thailand, Thai VietJet, the company said in a statement, following a meeting between its chairwoman Nguyen Thi Phuong Thao and Boeing Global President Brendan Nelson in Hanoi. On Monday, VietJet signed a memorandum of understanding with Carlyle Aviation Partners for pre-delivery payment financing facility worth up to $550 million to fund its 737 MAX aircraft purchases, it said. Reporting by Khanh VuOur Standards: The Thomson Reuters Trust Principles.

Persons: Vietnam's VietJet, Nguyen Thi Phuong Thao, Brendan Nelson, VietJet, Khanh Vu Organizations: Vietnam Airlines, REUTERS, Rights, MAX, Boeing, Boeing Global, Carlyle Aviation Partners, Thomson Locations: Noi Bai, Hanoi, Vietnam, Rights HANOI, Thailand, Thai

☆ VinFast’s volatile stock has an easy, painful fix
▼ + stars: | 2023-08-30 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

On Tuesday the Vietnamese nascent electric-car maker’s shares capped a flighty first fortnight as a publicly traded company by tumbling 44%. Yet the unprofitable manufacturer still sports a racy $107 billion market capitalisation courtesy of the previous eightfold rocketing of its stock since its merger with a blank cheque company in mid-August. Even with the wild swings, the stock trades almost five times higher than what already looked like a punchy valuation when the merger was announced in May. Granted, VinFast might not be desperate for cash – parent Vingroup (VIC.HM) and Vuong injected $2.5 billion in April. Absent a rapid rise in car sales, though, VinFast’s zippy valuation is heading for more crashes anyway.

Persons: Steve Marcus, David Mansfield, Le Thi, –, Pham Nhat Vuong, Vuong, it’s, VinFast, Una Galani, Thomas Shum Organizations: VinFast Global, Las Vegas Convention, REUTERS, Rights MELBOURNE, Reuters, VinFast Auto, Finance, Vietnam’s, Ford, GM, Thomson Locations: Las Vegas , Nevada, U.S

☆ Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a '$200 billion meme stock'
▼ + stars: | 2023-08-29 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Vietnamese electric carmaker VinFast has seen its shares skyrocket since it went public on August 15. Its market capitalization now stands at over $190 billion – but some investors cannot hide their disbelief. Veteran short-seller Jim Chanos called the carmaker a "$200B meme-stock" in a post on X. Monday's close saw the market capitalization of the lossmaking EV firm hit an eye-watering $190 billion – more than Ford, General Motors, and Chrysler Stellantis combined. AdvertisementAdvertisementFor veteran short-seller Jim Chanos, however, the stock is being driven by a retail investor craze and little else.

Persons: Jim Chanos, Monday's, Drew Dickson, Dickson, VinFast, Le, Thuy Organizations: Service, Ford, General Motors, Chrysler Stellantis, Vanda Research, Bloomberg, Albert Bridge Capital, Toyota Locations: Wall, Silicon

☆ VinFast loses almost half its value as shares hit the skids after spectacular $85 billion market debut
▼ + stars: | 2023-08-18 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Shares in VinFast soared on its Spac-led debut in New York Tuesday, leaving it worth $85 billion. The Vietnamese EV carmaker has sunk since then, losing almost half its value. After the first day of trading in New York, shares in the Vietnamese electric carmaker closed at $37, leaving it worth about $85 billion – far more than Ford, General Motors, or Chrysler Stellantis. However, VinFast But has dropped sharply over the past two days, losing more than half its 255% gains on its Nasdaq Global Select Market debut. VinFast delivered just 11,300 vehicles in the first half of this year, per a company presentation.

Persons: Pham Nhat Vuong, Le, Thuy, VinFast Organizations: carmaker, Service, Ford, General Motors, Chrysler, Nasdaq, Bloomberg Locations: New York, Wall, Silicon, VinFast

It's just too early to tell," said George Glassman, president of Glassman Automotive Group, which sells five automotive brands outside Detroit. Since then, VinFast shares have retreated, and were down 17.2% at $24.92 at midday on Thursday. The new hybrid sales plan is just another challenge and the luxury carmaker is already talking to dealers. U.S. dealers said there are too many unanswered questions, including how VinFast will distribute parts needed to make repairs. Several dealers said VinFast may need to offer sweetened profit margins to dealers to account for the added risk.

Persons: It's, George Glassman, VinFast, Le, Thuy, Scott Fink, I'm, Tesla, Andrew DiFeo, Augustine, Warren Browne, Rhett Ricart, Dealers, it's, Ricart, Beau Boeckmann, Boeckmann, Ben Klayman, Phuong Nguyen, Matthew Lewis Organizations: Nasdaq, U.S, Reuters, Glassman Automotive, Ford, General Motors, U.S ., Fink Automotive Group, VW, Subaru, GM, Hyundai, Ricart Automotive, Toyota, Honda, Galpin Motors, Thomson Locations: U.S, North America, Detroit, VinFast, Tampa , Florida, St, Jacksonville , Florida, Columbus , Ohio, Los Angeles, VinFast's, Vietnam, Hanoi

Shares of dedicated EV maker VinFast, which merged with special purpose acquisition company (SPAC) Black Spade, surged on their Nasdaq debut on Tuesday. Other EV SPAC deals, including Lucid (LCID.O), which Black Spade used as the basis of its initial $23 billion valuation of VinFast, have seen their shares tumble after listing. Lucid is valued now at under $15 billion, nearly 40% less than its $24 billion SPAC valuation in 2021. Through the first seven months, it has sold over 16,000, including its sales in Vietnam. The Tesla Model Y is almost $7,000 cheaper than VinFast's VF8 after including federal subsidies.

Persons: Stephane Mahe, Black Spade, Pham Nhat Vuong, David Mansfield, Le, Thuy, VinFast, Vuong, Mansfield, AlixPartners, Tesla, Kevin Krolicki Organizations: REUTERS, Rights, Nasdaq, Ford, General Motors, Tesla, VinFast, VinFast's, EV, U.S ., Thomson Locations: Paris, France, Rights HANOI, U.S . West Coast, Vietnam, United States, Haiphong, North Carolina, China

☆ Vietnamese EV maker VinFast to begin trading on the Nasdaq Tuesday after completing SPAC merger
▼ + stars: | 2023-08-15 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

A VinFast VF7 electric vehicle is seen during the 2023 Canadian International AutoShow in Toronto, Canada on Feb. 17, 2023. Vietnamese electric vehicle maker VinFast is expected to list on the tech-focused Nasdaq on Tuesday morning in New York, following completion of its merger with the U.S.-listed special purpose acquisition company Black Spade Acquisition . On Monday, VinFast said in a joint statement with Black Spade Acquisition that it would commence trading on Aug. 15. The deal values VinFast at approximately $23 billion, according to a June filing with the U.S. Securities and Exchange Commission. Following the merger, Black Spade became a wholly owned subsidiary of VinFast and is expected to delist from the New York Stock Exchange, said the joint statement.

Persons: VinFast, Black Spade, Le Organizations: U.S, Spade, U.S . Securities, Exchange Commission, New York Stock Exchange, Thuy, CNBC Locations: Toronto, Canada, New York, VinFast

☆ CEO of Vietnam's VinFast says go-ahead to list on Nasdaq is a 'big milestone'
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of Vietnam's VinFast says go-ahead to list on Nasdaq is a 'big milestone'Le Thi Thu Thuy, CEO of the electric vehicle maker, says the listing will "open access to capital markets for us in the future."

Persons: Vietnam's VinFast Organizations: Nasdaq

☆ Dunedin delight as Dutch put seven past Vietnam to top group
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

Roord drew a fantastic save from Kim Thanh just before halftime, but Van de Donk was on hand to tap in the rebound. After Brugts' superb sixth with another fierce strike, Roord, who had hit the crossbar, headed in the seventh with seven minutes remaining. "I was afraid that the gap would be even bigger," Vietnam coach Mai Duc Chung said. "We have tried our best but it is clear that we cannot close the gap between us and the Netherlands. Reporting by Hritika Sharma in Hyderabad, editing by Nick Mulvenney and Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Danielle van de Donk, Jill Roord, Sherida Spitse, Molly Darlington, Esmee Brugts, Brugts, Vivianne Miedema, Lieke Martens, Katja Snoeijs, Dominique Janssen, Martens, Tran Thi Kim Thanh, Snoeijs, Van de Donk, Roord, Kim Thanh, Mai Duc Chung, Hritika Sharma, Nick Mulvenney Organizations: Soccer Football, FIFA, Forsyth Barr, Sherida Spitse REUTERS, Vietnam, Portugal, Sweden, Thomson Locations: New Zealand, Vietnam, Netherlands, Dunedin , New Zealand, Molly Darlington DUNEDIN , New Zealand, United States, Auckland, Sydney, Italy, Vietnam's, Roord, Janssen's, Hyderabad

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