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☆ Vietnam is planning high-speed rail connections with China
▼ + stars: | 2024-04-10 | by ( ) edition.cnn.com time to read: +2 min

Vietnam aims to start building two high-speed railway lines linking its capital Hanoi with China before 2030, the Ministry of Planning and Investment said, another sign of a recent warming of ties between the two Communist-ruled neighbors. The two countries are already connected via a system of highways and two railway lines that are old and need upgrading on the Vietnam side. Earlier this month, Vietnam said it was seeking to learn from China to develop its first high-speed railway network and had sent its officials to work with Chinese railway companies. A massive high-speed railway line linking capital Hanoi with business hub Ho Chi Minh City is also being planned in the country. Trade between Vietnam and China in the first quarter of this year rose 22% from a year earlier to $43.6 billion, according to Vietnamese government data.

Persons: Lao Cai, Vuong Dinh Hue, Xi Jinping Organizations: Ministry of Planning, Investment, National Locations: Vietnam, Hanoi, China, Vietnam’s, Haiphong, Quang Ninh, Lao, China’s Yunnan, Lang Son, China’s Guangxi, Chi Minh City, Beijing, South China

☆ Vietnam aims to start work on high-speed rail lines to China by 2030
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +1 min

Vietnam's Prime Minister Pham Minh Chinh (R) bids farewell to China's President Xi Jinping after their meeting at the Government Office in Hanoi on Dec. 13, 2023. Vietnam aims to start building two high-speed railway lines linking its capital Hanoi with China before 2030, the Ministry of Planning and Investment said, another sign of a recent warming of ties between the two Communist-ruled neighbors. China is Vietnam's largest trading partner and a vital source of imports for its manufacturing sector. The two countries are already connected via a system of highways and two railway lines that are old and need upgrading on the Vietnam side. One of the planned high-speed lines would run from Vietnam's port cities of Haiphong and Quang Ninh through Hanoi to Lao Cai province, which borders China's Yunan province, the ministry said in a statement released late on Tuesday.

Persons: Pham Minh Chinh, Xi Jinping, Lao Cai Organizations: Vietnam's, Government, Ministry of Planning, Investment Locations: Hanoi, Vietnam, China, Vietnam's, Haiphong, Quang Ninh, Lao, China's Yunan, Lang Son, China's Guangxi

On a trip to the sprawling factory in the port city of Haiphong in northern Vietnam, Widodo also sat behind the wheel of a VinFast electric car before wrapping up his three-day visit to Vietnam. The Vietnamese EV maker has said it will invest $1.2 billion in Indonesia and build a factory with the potential to make up to 50,000 vehicles every year. Green SM, an EV taxi operator that is mostly owned by VinFast’s founder, also announced an investment plan of $900 million in Indonesia. VinFast's plans to expand in Indonesia are part of their global goal of selling EVs in 50 markets worldwide. It is exporting EVs to the U.S. and also building a $4 billion EV factory in North Carolina, where production is slated to begin this year.

Persons: Joko Widodo, Widodo, GoTo, Tokopedia Tbk, Pham Nhat Vuong Organizations: Green SM, EV, VinFast’s, Group, AP Locations: HANOI, Vietnam, Indonesia, Haiphong, Vietnamese, Indonesian, North Carolina, India, Vingroup, Ukraine

Vietnam has already rail connections to China, but the system is old with limited capacity on the Vietnam side. The upgraded railway would pass through the region where Vietnam has its largest deposits of rare earths, of which China is by far the world's biggest refiner. Chinese and Vietnamese rare earths industry experts discussed last week stronger cooperation on processing the minerals, according to Vietnamese state media. It is unclear how much China would contribute to the upgraded railway track in Vietnam and whether Hanoi would accept sizeable financing from Beijing on this. A strengthened railway link could also boost Vietnam's export to China, mostly of agriculture products, boost Chinese tourism to northern Vietnam and further integrate the two countries' manufacturing industries, which experts already consider as symbiotic, with factories in Vietnam largely assembling components produced in China.

Persons: Xi Jinping, Vietnam's, Wang Yi, Tran, Pham Minh Chinh, Wang Wentao, Francesco Guarascio, Khanh Vu, Phuong Nguyen, Stephen Coates Organizations: Vietnam's, China's Commerce, Initiative, Reuters, Thomson Locations: Hanoi, China, Haiphong China, Vietnam, HANOI, United States, Tran Luu Quang, Kunming, Haiphong, Beijing, China . China, Hong Kong, Washington, South

☆ China, Vietnam Consider Rail Link Through Rare Earths Heartland
▼ + stars: | 2023-11-30 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

By Francesco Guarascio and Khanh VuHANOI (Reuters) - China and Vietnam are working on a possible significant upgrade of their underdeveloped rail links to boost a line that crosses Vietnam's rare earths heartland and reaches the country's top port in the north, senior officials and diplomats said. Vietnam has already rail connections to China, but the system is old with limited capacity on the Vietnam side. The upgraded railway would pass through the region where Vietnam has its largest deposits of rare earths, of which China is by far the world's biggest refiner. Chinese and Vietnamese rare earths industry experts discussed last week stronger cooperation on processing the minerals, according to Vietnamese state media. It is unclear how much China would contribute to the upgraded railway track in Vietnam and whether Hanoi would accept sizeable financing from Beijing on this.

Persons: Francesco Guarascio, Khanh Vu, Xi Jinping, Vietnam's, Wang Yi, Tran, Pham Minh Chinh, Wang Wentao, Phuong Nguyen, Stephen Coates Organizations: Vietnam's, China's Commerce, Initiative Locations: Khanh, Khanh Vu HANOI, China, Vietnam, Hanoi, United States, Tran Luu Quang, Kunming, Haiphong, Beijing, China . China, Hong Kong, Washington, South

☆ Henry Kissinger, the towering American diplomat, dies at age 100
▼ + stars: | 2023-11-29 | by ( Marty Steinberg | ) www.cnbc.com time to read: +25 min

President Gerald Ford (left) and Secretary of State Henry Kissinger talk together in the Oval Office, February 19, 1975. In his 2001 book "The Trial of Henry Kissinger," social critic Christopher Hitchens called him a war criminal. North Vietnam's Le Duc Tho (left) and US National Security Advisor Henry Kissinger at the Paris peace talks, January 1973. Chairman Zedong of the People's Republic of China meets U. S. Secretary of State Henry Kissinger on Nov. 12, 1973. On a helicopter during the period of shuttle diplomacy in the Middle East, Henry Kissinger talks to his wife, Nancy.

Persons: Henry Kissinger, —, Richard Nixon's, Kissinger, Richard Nixon, Richard Corkery, Duc Tho, Gerald Ford, Benjamin E, Ford, Warren Burger, Kissinger's, Paula, Gene, Forte, Seymour M, Hersh bashed Kissinger, Walter Isaacson's, Christopher Hitchens, Greg Grandin, Niall Ferguson, Kant, Clausewitz, Bismarck, Barry Gewen, Gewen, Elizabeth Holmes, Nixon, George Shultz, Holmes, Heinz Alfred Kissinger, Louis, Walter, Hitler, Kissingers, Fritz Kraemer, William Yandell Elliott, Spengler, Toynbee, Metternich, Castlereagh, Alfred Eisenstaedt, Mike Wallace, Wallace, Kennedy, Johnson, Republican Nelson Rockefeller, George Romney, Hubert Humphrey, Democratic Sen, George McGovern, McGovern, Nguyen Van Thieu, Reg Lancaster, Tho, Thieu, Mao, Gen, Agha Muhammad Yahya Khan, Nicolae Ceausescu, Zhou Enlai, Leonid Brezhnev, Andrei Gromyko, Dirck, Sen, Henry Jackson, Charles Vanik, Brezhnev, Spiro Agnew, Archibald Cox, Cox, Robert Bork, White, Alexander Haig, Anwar Sadat, David Hume Kennerly, Marxist Salvador Allende Gossens, Fidel Castro's, Martin Bernetti, Allende, Augusto Pinochet Ugarte, Pinochet, Ann Fleischer, Elizabeth, David, Nancy Maginnes, Rockefeller, Jill St, John, Candice Bergen, Shirley MacLaine, Liv Ullman, Diane Sawyer, , Napoleon, Nancy, David Rubinger, Maginnes, Moshe Dayan, Robert Dallek, Nixon's, Bob Woodward, Carl Bernstein, Paula Kissinger, Brooks Kraft Organizations: Gould, Kissinger Associates, National Security, Waldorf, Astoria, Richard Corkery | New York Daily, Forte, Soviets, State, Chief, New York, Theranos Inc, Economic, Nuremberg, George Washington High School, City College of New, Army, 84th Infantry Division, U.S ., Hesse . Harvard, Harvard, Confluence, Foreign, Eisenhower, Republican, Republican National Convention, Rockefeller and Michigan Gov, Democratic, District of Columbia, US National Security, Getty, Paris Peace, North, Nationalist, China, Bettmann, East Pakistan, of, U.S, Soviet Union ., Ballistic, Soviet, Washington, Egyptian Third Army, Department, West, Marxist, Museum, AFP, CIA, Israeli, Southern California Quaker, White, Partners, Power Locations: New York City, U.S, Connecticut, Richard Corkery | New, United States, Vietnam, Saigon, Viet, Soviet Union, Communist China, Israel, Egypt, Syria, Chile, Pakistan, Theranos, Ukraine, Russia, Davos, Switzerland, Fuerth, Germany, Bavarian, American, Nazi Germany, London, New York, City College of New York, Ahlem, Hanover, German, Krefeld, Hesse, Cambodia, Massachusetts, Haiphong, Paris, North, China, Washington, Taiwan, People's Republic of China, Beijing, Moscow, India, East, Bangladesh, Shanghai, USSR, Soviet, Kremlin, Dirck Halstead, Ohio, Saudi, Japan, Sinai, Alexandria, Cairo, Suez, Americas, Santiago, Cuba, Chilean, America, Europe, Virginia, Southern California

☆ Vietnam’s Tesla justifies stock price reversal
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

A VinFast VF 8 model is seen during a car delivery ceremony at the VinFast car factory in Haiphong province, Vietnam, September 10, 2022. REUTERS/Thinh Nguyen Acquire Licensing RightsSINGAPORE, Oct 6 (Reuters Breakingviews) - Vietnam’s richest man may have to get used to spending some time in the slow lane. In August, Pham Nhat Vuong closed an unconvincing merger with a blank-cheque company that bestowed a $23 billion market value on his Tesla (TSLA.O) wannabe VinFast . There are no details of sales in the United States, a key target market where it has been burdened by poor reviews. Without some impressive progress outside of Vietnam, though, the EV company’s stock is going nowhere fast.

Persons: Thinh Nguyen, Pham Nhat Vuong, Sandoz, Antony Currie, Thomas Shum Organizations: REUTERS, Rights, Reuters, EV, X, Alstom, Brookfield, Temasek, Thomson Locations: Haiphong province, Vietnam, Rights SINGAPORE, United States

☆ EV maker VinFast plans Asia expansion, to launch Indonesia plant in 2026
▼ + stars: | 2023-09-13 | by ( Phuong Nguyen | ) www.reuters.com time to read: +3 min

Of that, up to $200 million would be for its Indonesian plant, targeting production in 2026 with an output of 30,000 to 50,000 units each year. Since its establishment in 2017, VinFast has announced numerous ambitious EV growth plans overseas. VinFast aims to establish its own distributors and may open show rooms in those locations, it said. VinFast is entering the American market at a time when EV pricing is under pressure, led by market leader Tesla and a range of Chinese companies. Shares of Vietnam's largest conglomerate and VinFast parent Vingroup (VIC.HM) were down 0.33% as of 0635 GMT.

Persons: Mike Blake, Pham Nhat Vuong, EVs, VinFast, Tesla, Phuong Nguyen, Christina Fincher Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S . Securities, Exchange Commission, EV, Thomson Locations: Los Angeles , California, U.S, Indonesia, India, Malaysia, HANOI, Asia, VinFast, Indonesian, Southeast, Vietnamese, Haiphong, North Carolina, East, Africa, America, Europe

☆ Champions Urawa advance to Asian Champions League group phase
▼ + stars: | 2023-08-22 | by ( Michael Church | ) www.reuters.com time to read: +2 min

Soccer Football - AFC Champions League - Final - Second Leg - Urawa Red Diamonds v Al-Hilal - Saitama Stadium, Saitama, Japan - May 6, 2023 Urawa Red Diamonds' Hiroki Sakai and Shusaku Nishikawa and teammates celebrate with trophy on the podium after winning the AFC Champions League REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Aug 22 (Reuters) - Holders Urawa Red Diamonds booked their berth in the group stages of the Asian Champions League on Tuesday as Maciej Skorza's side defeated Hong Kong outfit Lee Man 3-0, but China's Shanghai Port were knocked out by BG Pathum United of Thailand. Yoshio Koizumi gave Urawa the perfect start at Saitama Stadium with a second minute strike and Shinzo Koroki doubled the lead when he headed in Hiroki Sakai's cross from the right four minutes later. Reds, who have won the title three times, will now feature in Thursday's group phase draw in Kuala Lumpur alongside BG Pathum United, Chinese Super League side Zhejiang FC and Incheon United of South Korea. BG Pathum United advanced after a hat-trick by Igor Sergeyev saw the Thai side hand 2018 Chinese champions Shanghai Port a Igor Sergeyev 3-2 defeat. The Uzbekistan international struck again in the 61st minute and, while Markus Pink netted with four minutes remaining to ensure a nervous finish for the visitors, BG Pathum United held on to advance.

Persons: Hiroki Sakai, Shusaku Nishikawa, Issei Kato, Maciej Skorza's, Lee, Yoshio Koizumi, Shinzo Koroki, Hiroki Sakai's, Takahiro Sekine, Igor Sergeyev, Sergeyev, Mirahmetjan Muzepper, Markus Pink, Cheon Seong, Gerso, Franko Andrijasevic's, Michael Church Organizations: Soccer Football, AFC, League, Diamonds, Urawa, AFC Champions League REUTERS, Rights, Urawa Red Diamonds, Asian Champions League, Shanghai Port, BG Pathum United, Saitama, Reds, Super League, Zhejiang FC, Incheon United, Port, Uzbekistan, Pathum United, Vietnam's, Port FC, Michael, Michael Church Our, Thomson Locations: Hilal, Saitama, Japan, Hong Kong, Shanghai, Thailand, Urawa, Kuala Lumpur, South Korea, Thai, Vietnam's Haiphong, Zhejiang

☆ Paulissen strikes twice as Lee Man set up Urawa playoff clash
▼ + stars: | 2023-08-16 | by ( Michael Church | ) www.reuters.com time to read: +1 min

HONG KONG, Aug 16 (Reuters) - Defending champions Urawa Red Diamonds will take on Lee Man in the Asian Champions League playoffs next week after last season's Hong Kong Premier League runners-up cruised to a 5-1 win over Bali United at Hong Kong Stadium on Wednesday. Mitchel Paulissen put Lee Man in front after only eight minutes and, while the Indonesians equalised through a Tsui Wang Kit own goal four minutes later, the home side went back in front in the 13th minute with Gil Martins' acute finish. Defender Jose Angel added the fifth four minutes from time with a close range header. Lee Man complete the line-up for the east Asian playoffs, with Vietnam's Haiphong defeating Hong Kong Rangers on Tuesday to set up a meeting with Incheon United from South Korea. (This story has been corrected to rectify the spelling of Mitchel Paulissen in paragraph 2)Reporting by Michael Church, Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee, Mitchel Paulissen, Tsui Wang Kit, Gil Martins, Everton Camargo, Jose Angel, Lee Man, Michael Church, Alexandra Hudson Organizations: Urawa Red Diamonds, Asian Champions League, Hong Kong Premier League, Bali United, Hong Kong, Wednesday, Everton, Vietnam's Haiphong, Hong Kong Rangers, Incheon United, Zhejiang FC, Port FC, Shanghai Port, Pathum United, Alexandra Hudson Our, Thomson Locations: HONG KONG, South Korea, Zhejiang, Thailand, Shanghai, Kuala Lumpur

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

☆ Shabab Al-Ahli set up Al-Nassr clash in Asian Champions League playoffs
▼ + stars: | 2023-08-15 | by ( Michael Church | ) www.reuters.com time to read: +2 min

HONG KONG, Aug 15 (Reuters) - Shabab Al Ahli of the United Arab Emirates will face Saudi Pro League side Al-Nassr for a berth in the group phase of the Asian Champions League next week after the club from Dubai defeated Al-Wehdat 3-0 in a playoff on Tuesday. Cristiano Ronaldo and Al-Nassr his team mates will host the 2015 Asian Champions League runners-up in Riyadh next Tuesday after second half goals from Azizjon Ganiev, Renan and Munas Dabbur earned Shabab Al-Ahli victory over the Jordanians. Khurshid Giyosov scored the game's only goal two minutes into the second half to set up a clash with Qatari side Al-Arabi. In the eastern side of the draw, Vietnam's Haiphong equalised in the 88th to take their game against Hong Kong Rangers into extra time and they went on to win 4-1 win. The draw for the group phase of the Asian Champions League will be held in Kuala Lumpur on Aug. 24 with matches kicking off on Sept. 18.

Persons: Cristiano Ronaldo, Nassr, Azizjon Ganiev, Renan, Munas Dabbur, Luanzinho, Uzbekistan's AGMK, Martin Boakye's, Khurshid Giyosov, Yumemi Kanda, Nguyen Tuan Anh, Yuri Mamute's, Mamute, Martin Lo, Lee, Michael Church, Ken Ferris Organizations: United, Saudi Pro League, Al, Asian Champions League, Dubai, League, Shabab Al, India's, Qatari, Vietnam's, Hong Kong Rangers, Hong Kong Premier League, Incheon United, Urawa Red Diamonds, Bali, Thomson Locations: HONG KONG, Shabab Al Ahli, United Arab Emirates, Riyadh, Shabab, Sharjah, India's Bashundhara, Iran, Seeb, Oman, Arabi, Haiphong, South Korea, Indonesia, Hong Kong, Kuala Lumpur

☆ Vietnamese EV maker VinFast gets go ahead for Nasdaq SPAC listing
▼ + stars: | 2023-08-10 | by ( Phuong Nguyen | ) www.reuters.com time to read: +3 min

Shareholders of Hong Kong-based Black Spade Acquisition (BSAQ.A), a blank-check company, voted on Thursday to approve the merger with VinFast. VinFast, in a joint statement with Black Spade, said it would list on the Nasdaq under the ticker symbol VFS "on or around August 15". It leaves VinFast's existing shareholders, including parent company Vingroup and Vuong, Vietnam's richest man, with 99% of shares in the company. "The voting results today are a vote of confidence in VinFast from Black Spade shareholders," VinFast's global head Thuy Le said in the statement. Black Spade was founded by the private investment arm of Lawrence Ho, son of the late gambling mogul Stanley Ho.

Persons: Mike Blake, VinFast, Black Spade, Pham Nhat Vuong, Thuy Le, Nikola Corp, EVs, VinFast's, Vuong, Lawrence Ho, Stanley Ho, Phuong Nguyen, Kirsten Donovan, Susan Fenton Organizations: Los Angeles Auto, REUTERS, U.S, Nasdaq, of Hong, VinFast, Black, Black Spade, Faraday, Nikola, Vingroup, Tesla, Thomson Locations: Los Angeles , California, U.S, HANOI, of Hong Kong, VinFast, North Carolina, Black, United States, Haiphong, Vietnam

☆ Caged and cut open for bile: The fight to free Asia’s farmed bears
▼ + stars: | 2023-06-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +11 min

But international experts say it remains a lucrative industry in China, where domestic sales of bear bile remain legal. “They’ve got massive hair loss, they’ve often got broken teeth from (biting the bars of their cages) in frustration and pain.”But eliminating bile farming has proved difficult. But China is “the biggest market for bear bile products by far,” with roughly 15,000 bile bears in captivity and plenty of demand, he said. Ursodeoxycholic acid, one of the main components in bear bile, has been medically proven to help dissolve gallstones and treat liver disease. And there’s no internationally recognized scientific evidence showing bear bile can cure other ailments promoted in TCM.

Persons: Eve Sevim, Jill Robinson, “ They’ve, they’ve, Robinson, David Garshelis, aren’t, Garshelis, ” Robinson, ”, ” Garshelis, Tan, Qing, it’s Organizations: CNN, Animals Asia, International Union for Conservation, Nature’s, Bear Specialist Group, TCM, Animals, Forestry Administration, Farmers, China’s National Forestry and Grassland Administration, State Forestry Administration, Bears, Getty, IUCN Locations: Haiphong, China, Vietnam, South Korea, Laos, Myanmar, Asia, Cambodia, Indonesia, Malaysia, Hui'an, Animals Asia, Hanoi, “, Tam Dao, Hanoi –, Ma

☆ This former Vietnam War POW spent 10 months in a 'tiger cage'
▼ + stars: | 2023-05-29 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

Instead he scrambled out of a porthole and found himself face-to-face with the North Vietnamese. A day that Wallingford recalled as clearly as if it were yesterday, as he recounted it to CNN at a recent reunion for surviving Vietnam War POWs in California. As a longtime veteran of combat in Vietnam, Smith also had battlefield wisdom to impart to his brothers in arms. But what can’t be disputed is that soon after those bombings took place, early in 1973, North Vietnam did finally agree to a peace deal. “He had the stones to go to Hanoi and bomb them for (12) days, which ended the war,” Wallingford said.

☆ The sun is getting more active than it has for a decade — and it could lead to power outages, grounded flights, and stunning auroras
▼ + stars: | 2023-03-22 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +10 min

That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. NASA/Solar Dynamics ObservatoryAs the magnetic fields become more confused, bigger sun spots can appear on the surface of the sun. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. "The aurora oval that sits up over the northern and southern poles is a result of currents flowing in the Earth's atmosphere," Owens said.

☆ Vietnam seizes 7 tonnes ivory in largest wildlife smuggling case in years
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

HANOI, March 20 (Reuters) - Vietnamese authorities on Monday seized seven tonnes of ivory smuggled from Angola, the largest seizure of wildlife products in years, the government said. Trade in ivory is illegal in Vietnam but wildlife trafficking remains widespread. Other items often found smuggled into the country include pangolin scales, rhino horns and tiger carcasses. This followed the finding of more than 600 kilograms of African ivory last month at the city's Lach Huyen Port. Last month, a court in Vietnam sentenced a man to 13 years in prison for trafficking nearly 10 tonnes of endangered animal parts from Africa, including ivory and rhino horns.

SINGAPORE/HANOI, March 17 (Reuters) - Asian real estate giant CapitaLand Group is in talks to acquire assets worth roughly $1.5 billion from Vietnam's biggest listed property firm Vinhomes JSC (VHM.HM), two sources familiar with the matter told Reuters. A deal of that size would mark one of the largest real estate transactions in Southeast Asia in the last few years. The talks come as Vietnam's property sector is struggling with a cash crunch following an anti-graft campaign launched by the government last year. Vinhomes, Vietnam's biggest real estate developer by market capitalization, is part of Vingroup (VIC.HM), the country's largest conglomerate. Shares of Vinhomes have lost 10% so far this year, after tumbling 40% in 2022 as the property crisis deepened.

☆ VinFast delays U.S. electric vehicle plant operation to 2025
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: +1 min

Leaders open the ceremony to load up VinFast LLC's VF8 electric vehicles into a ship to export at a port in Haiphong, Vietnam, on Friday, Nov. 25, 2022. Vietnam's automaker VinFast on Friday said it will push back its plan to start operations of its electric vehicles factory in the United States until 2025, citing a procedural delay. "We need more time to complete administrative procedures," VinFast said in a statement on the delay, which did not specify when in 2025 the plant was expected to start operations. VinFast last month was awarded an Air Permit from local authorities to start construction. It still needs a permit from the U.S. Army Corps of Engineers designed to minimise damage to water quality and wetlands.

☆ VinFast delivers first 45 cars in US market
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +3 min

[1/3] VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023. REUTERS/Lisa BaertleinMarch 2 (Reuters) - Vietnamese electric vehicle maker VinFast delivered its first 45 cars to customers in California on Wednesday, its first sales outside Vietnam. Last week, the company slashed the lease price on the VF8 electric crossover by 50%. It also dropped an option for consumers to rent the electric car's battery, a plan it had advertised as a way to bring down the cost of ownership. Andrew and Nikki Le, who ordered 11 VinFast cars, took delivery of the first of those at the store.

☆ The sun is about to get more active than it has for a decade — and it could lead to power outages, grounded flights, and stunning auroras
▼ + stars: | 2023-02-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

That motion, called convection, is what creates strong magnetic fields at the poles and smaller, local magnetic fields at the surface of the sun. That instability causes havoc in the magnetic fields at the surface of the sun, which become much more active. As the sun's local magnetic fields get more tangled and crash into each other, they can explode. The worst solar storm we've seen happened in 1859. But as SpaceX and NASA aim to ramp up missions in coming years, they will need to prepare for solar storms.

☆ Vietnam's EV maker VinFast recalls nearly 2,800 units domestically
▼ + stars: | 2023-02-18 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A VinFast VF 8 model is seen during a car delivery ceremony at the VinFast car factory in Haiphong province, Vietnam, September 10, 2022. REUTERS/Thinh NguyenHANOI (Reuters) - Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check and replace the bolt connecting the front brake caliper to the knuckle, the company said on Saturday. VinFast, which began operations in 2019, is gearing up to expand in the United States where it hopes to compete with legacy automakers. The company delivered over 4,000 EVs to customers domestically in December, more than half of which were the sports utility VF8 model. VinFast said it has not recorded any breakdowns or complaints from customers about the loosen bolt that may cause trouble to the brake.

☆ Vietnam seizes 600 kg of ivory smuggled from Africa
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Seized elephant ivory and rhino horns are destroyed by Vietnamese authorities in Hanoi November 12, 2016. REUTERS/Nguyen Thanh Cao/File PhotoHANOI, Feb 6 (Reuters) - Vietnamese authorities have over the past week seized more than 600 kilograms of ivory smuggled from Africa, the government said on Monday. Trade in ivory is illegal in Vietnam but wildlife trafficking remains widespread. This followed the finding of nearly 500 kilograms of African ivory on Thursday last week at Lach Huyen Port in the city, the government said. This has been the largest seizure of smuggled ivory in the country in more than four years.

☆ The legendary SR-71 spy plane first flew 58 years ago, and enemy jets and missiles could never catch up
▼ + stars: | 2022-12-23 | by ( Brent M. Eastwood | ) www.businessinsider.com time to read: +5 min

The spy plane set a number of flight speed records. Spy planes such as the SR-71 Blackbird could really boogey. This allowed it to outrun and evade over 4,000 enemy missiles that were fired at it over the years. Sometimes enemy radar worked; sometimes it didn'tThe SR-71 Blackbird Judson Brohmer/USAFAnother thing that helped the SR-71 was its reduced radar cross section. The Swedes came closeAn underside view of an SR-71 Blackbird strategic reconnaissance aircraft in flight at an undisclosed location.

Car buyers are watching the clock tick down for the Inflation Reduction Act’s updated electric vehicle tax incentives to kick in. If you shop right nowState and federal EV incentives already exist. Their car was built in Tennessee and qualified for the full $7,500 federal tax credit, which they were able to combine with a Massachusetts EV tax exemption of $2,500, effectively knocking $10,000 off the price. Plus, caps on how many vehicles can qualify for existing tax incentives have kept some buyers on the sidelines. If you shop in 2024After next year, the IRA makes an important change to how consumers apply their tax credit.

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