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☆ Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +8 min

Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.

Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, “, Kim Jong, Nigel Gould, Davies, ”, Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington

☆ Apple CEO Tim Cook visits Vietnam — one of the iPhone giant's most important manufacturing hubs
▼ + stars: | 2024-04-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Cook will meet with Apple users, developers and content creators during the two-day visit, local media reported. In December, the Nikkei reported Apple was moving some of its key iPad engineering resources to Vietnam. Apple CEO Tim Cook (C) walks near Hoan Kiem lake in downtown Hanoi during his visit to Vietnam on April 15, 2024. India has also emerged as a key hub for iPhone manufacturing. Cook's visit to Vietnam comes after 61 environmental and human rights groups called on Apple to oppose the country's detention of climate activists.

Persons: Tim Cook, Cook, Bryan Ma Organizations: Apple, International Data Corporation, IDC, Samsung, Nikkei, Apple Watch, Getty, CNBC, Bloomberg Locations: Hanoi, Vietnam, U.S, China, Cupertino, Hoan, Giang Huy, Afp, India, iPhones

☆ What to Know About Trump’s High-Flying Stock Debut
▼ + stars: | 2024-03-26 | by ( Vivian Giang | Matthew Goldstein | ) www.nytimes.com time to read: +1 min

On its first day on the Nasdaq stock exchange on Tuesday, Trump Media & Technology Group became such a high-flying stock that trading in its shares, under the ticker DJT, had to be briefly halted because of extreme volatility. The huge public debut for the company is especially important for its biggest shareholder, former President Donald J. Trump, whose 60 percent stake is now worth about $4.6 billion on paper. Wait, Trump Media is worth how much? After Tuesday’s trading, Trump Media had a market value of nearly $8 billion. Trump Media’s valuation is disproportionately high compared with other social media companies.

Persons: Donald J, Trump Organizations: Nasdaq, Trump Media & Technology Group, Trump Media, Mattel, Alaska Airlines, Western, Trump Locations: Western Union

☆ Apple supplier Luxshare to invest $330 mln more in northern Vietnam
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

HANOI, Nov 10 (Reuters) - Apple (AAPL.O) supplier Luxshare Precision Industry Co (002475.SZ) has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the total investment to $504 million, provincial authorities said. The facility is expected to be completed in 12 to 24 months, it added. China-based Luxshare, one of Apple's main AirPods makers, started investing in Vietnam since 2019. Its additional investment in the country comes as other manufacturers seek to further diversify production away from China. Earlier this year, another Apple supplier, Foxconn, set up a new factory in central Vietnam and raised its investment in the country by $250 million to make electric vehicles and telecom parts.

Persons: Luxshare, Phuong Nguyen, Lincoln Organizations: Luxshare Precision Industry, Apple, Thomson Locations: HANOI, Bac Giang, Vietnam, Bac, China

☆ Arm, the Chip Designer, Raises $4.87 Billion in the Year’s Largest I.P.O.
▼ + stars: | 2023-09-13 | by ( Vivian Giang | More About Vivian Giang | ) www.nytimes.com time to read: +1 min

comes 19 months after Nvidia, the Silicon Valley chip maker, abandoned an effort to buy Arm for $40 billion. Why It Matters: Arm’s shares could influence the overall I.P.O. Arm is listing its shares on Nasdaq under the ticker symbol ARM. The company priced its shares at $51 each, but the stock could open for trading at a different price. Usually there’s a period of at least an hour during which buy and sell orders are matched up to set an opening price.

Persons: SoftBank Organizations: Nvidia, Federal Trade Commission, Nasdaq Locations: Silicon

☆ Vietnam and U.S. Forge Deeper Ties as Worries Rise About China
▼ + stars: | 2023-09-08 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

During his state visit to Vietnam on Sunday, Mr. Biden is expected to oversee the signing of a “comprehensive strategic partnership” with Hanoi, a symbolic but significant status long coveted by the United States. Vietnam has until now reserved this status for only four countries: China, Russia, India and South Korea. For years, it had resisted granting this distinction to the United States out of fear of offending China. But as Beijing continues to encroach on waters claimed by Vietnam and as the United States looks for more partners to counter China in the Indo-Pacific, the former enemies have found common ground. “Whenever they try to upgrade any significant bilateral relations, they normally tend to do it step by step because of the fear that it may cause some concern, especially from Beijing.”

Persons: Biden, ”, Nguyen Khac Giang, Yusof Organizations: Institute Locations: Vietnam, Washington, Hanoi, United States, China, Russia, India, South Korea, Beijing, Singapore

☆ In a first, India gifts active warship to Vietnam
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, June 28 (Reuters) - An active duty missile corvette of the Indian Navy is on its way to Vietnam as a gift, the first warship given by India to any country. India and Vietnam have strengthened their ties in recent years, with a special focus on defence, as both countries are concerned over an increasingly assertive China. India has given smaller boats and military equipment to countries like Maldives and Mauritius in the past and a submarine to Myanmar. But the corvette for Vietnam is the first time India has given a warship to a Chinese neighbour with a coast on the South China Sea, where several countries have overlapping territorial claims. The warship was commissioned into the Indian Navy in 1991 and has been designed and produced within the country.

Persons: INS Kirpan, Gen Phan Van Giang, Li Shangfu, Krishn Kaushik, Angus MacSwan Organizations: Indian Navy, INS, Vietnam's Defence, Chinese Defence, Thomson Locations: DELHI, Vietnam, India, India's, China, Maldives, Mauritius, Myanmar, South China, gifting, Beijing, Hanoi

☆ China offers closer military cooperation with Vietnam
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 27 (Reuters) - China is willing to work with Vietnam to strengthen high-level communication and cooperation between their militaries, Chinese Defence Minister Li Shangfu said on Tuesday as he met his Vietnamese counterpart. Li told Phan that relations between their militaries had developed well, adding that China's military was willing to push relations to a new level. The U.S. navy visit comes amid tension between China and the United States in the South China Sea, most of which China claims, as the two powers jostle for influence in the energy-rich region. Li, appointed defence minister in March, is under U.S. sanctions over his role in a 2017 weapons purchase from Russia's largest arms exporter. As tensions simmer in the South China Sea, where several countries have overlapping territorial claims and also hold military exercises in its waters, any thaw in Sino-U.S. military relations is being closely watched.

Persons: Li Shangfu, Li, Phan Van Giang, Phan, Ronald Reagan, Lloyd Austin, Austin, Nancy Pelosi, Bernard Orr, Kim Coghill, Robert Birsel Organizations: Chinese Defence, U.S, aircraft, U.S . Defence, Beijing, Thomson Locations: BEIJING, China, Vietnam, Beijing, Asia, Pacific, Danang, U.S, United States, South China, Singapore, Taiwan

☆ 3M Reaches $10.3 Billion Settlement in ‘Forever Chemicals’ Suits
▼ + stars: | 2023-06-22 | by ( Lisa Friedman | Vivian Giang | ) www.nytimes.com time to read: +1 min

The chemical and manufacturing giant 3M reached a $10.3 billion settlement on Thursday with U.S. cities and towns over their claims that the company contaminated drinking water with so-called forever chemicals used in everything from firefighting foam to nonstick coatings. Under the sweeping settlement, 3M said it would pay out the money over 13 years to any cities, counties and others across the country to test for and clean up perfluoroalkyl and polyfluoroalkyl substances, known as PFAS, in public water supplies. 3M, which is facing about 4,000 lawsuits by states and municipalities for PFAS contamination, did not admit any liability. The company said the settlement covered remediation to water suppliers that detected the chemical “at any level or may do so in the future.”In a statement, Mike Roman, the chairman and chief executive of 3M, called the agreement “an important step forward for 3M” and said it built on “our announcement that we will exit all PFAS manufacturing by the end of 2025.”

Persons: Mike Roman, ” Organizations: 3M

☆ Vietnam to cut annual rice exports by 44% to 4 million tons by 2030
▼ + stars: | 2023-05-27 | by ( ) www.cnbc.com time to read: +2 min

Vietnam aims to cut its rice exports to 4 million tons a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tons last year. Rice export revenue will fall to $2.62 billion a year by 2030, down from $3.45 billion in 2022, the document said. Vietnam will diversify its rice export markets to reduce its reliance on any country, the government document said. "I doubt the strategy will materialize, as rice production depends on supply and demand, not on a government decision," another rice trader in the Mekong Delta province of An Giang said. Rice exports from Vietnam in the first four months of this year rose 40.7% from a year earlier to 2.9 million tonnes, according to government customs data.

☆ How to put your best travel foot forward for Earth Day 2023
▼ + stars: | 2023-04-22 | by ( Forrest Brown | ) edition.cnn.com time to read: +20 min

But you don’t have to totally cut out travel or stay super close to home to be a good planetary citizen. You need a city that’s dedicated to getting it right to best enjoy an urban biking vacation. Here, we've curated 30 of our favorite corners, including the Thu Bon River, which flows through central Vietnam. A maze of rivers and caves, the UNESCO World Centre is defined by its craggy limestone facades and jade green water. Bruno De Hogues/Photodisc/Getty Images Phong Nha-Ke Bang National Park: A UNESCO World Heritage, Phong Nha-Ke Bang National Park is heaven for spelunkers.

HANOI, Jan 20 (Reuters) - As China, Japan and other East Asian countries prepare to celebrate the start of the Lunar Year of the Rabbit on Sunday, the people of Vietnam will be an exception - welcoming instead the Year of the Cat. There is no official explanation for when and why the Vietnamese embraced the cat instead of the rabbit. "It doesn't have the same power as a cat", Hanoi resident, Ngo Quy Dung, said of the rabbit, as he proudly noted that he was born 60 years ago in the Year of the Cat. Another resident of Hanoi, Nguyen Kim Chi, 64, agreed. "The cat looks more majestic because it also resembles a little tiger," she said, while taking photographs besides a large cat statue at the Central Park in the capital.

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