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☆ We left corporate jobs and a 6-figure salary to travel full-time. It took years of saving.
▼ + stars: | 2024-12-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Haley and Shane Mahabadi left corporate jobs and a six-figure salary to travel full time. The married couple planned and saved for years before heading to Southeast Asia. Haley left her corporate job in 2023 and Shane left his this year so they could travel. Haley: After graduating college in 2019, we did a two-and-a-half month-long backpacking trip through Southeast Asia. AdvertisementHaley and Shane Mahabadi left corporate America and are traveling full time in Southeast Asia.

Persons: Haley, Shane Mahabadi, Shane, We've, we're, Shane Mahabadi Shane, we'd, I'd, I'm, we'll, That's Organizations: Dish Network Locations: Southeast Asia, Denver, Indonesia, Thailand, Vietnam, Philippines, America, Northern Vietnam

☆ BW Industrial: investor confidence in northern Vietnam remains intact despite Typhoon Yagi
▼ + stars: | 2024-09-25 | 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 EmailBW Industrial: investor confidence in northern Vietnam remains intact despite Typhoon YagiFion Ng, Chief Operating Officer of BW Industrial talks about Vietnam's recovery through typhoon Yagi.

Persons: Yagi Fion Ng Organizations: BW Industrial Locations: Vietnam

HANOI, Vietnam — A flash flood swept away an entire hamlet in northern Vietnam, killing 22 people and leaving dozens missing as deaths from a typhoon and its aftermath climbed to 141 on Wednesday. Vietnamese state broadcaster VTV said the torrent of water gushing down from a mountain in Lao Cai province Tuesday buried Lang Nu hamlet with 35 families in mud and debris. Floods and landslides have caused most of the deaths, many of which have come in the northwestern province of Lao Cai, bordering China, where Lang Nu is located. Lao Cai province is also home to the popular trekking destination of Sapa. Many roads in the province were blocked by landslides and unrelenting rainfall, said Sapa tour guide Van A Po.

Persons: VTV, Lang, Yagi, Lao Cai, Van, Nguyen Van Luong, ” Organizations: Sapa, Tourism Locations: HANOI, Vietnam, Lao Cai, Lao, China, Sapa

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

☆ The horror of Henry Kissinger’s legacy in Southeast Asia goes on
▼ + stars: | 2023-12-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Fifty years after Henry Kissinger drove American foreign policy in Southeast Asia, the region continues to live with the fallout from the bombing and military campaigns backed by the former secretary of state, who died last week. That’s more than the Allies dropped during World War II, according to an account by Yale University historian Ben Kiernan. Experts say the devastation – which is especially acute for people in rural areas – will go on for years to come. That’s Kissinger’s legacy,” said Bill Morse, president of the nonprofit Landmine Relief Fund, which supports organizations including Cambodia Self-Help Demining. They play catch with it and it blows up 10 year old children … (unexploded ordnance) are where the injuries are coming from now,” he said.

Persons: Henry Kissinger, Kissinger, Richard Nixon, ”, Youk Chhang, Chhang, Nixon, Vietnam –, CNN It’s, Gerald Ford, Suharto’s, “ Kissinger, Chong Ja Ian, Ben Kiernan, …, That’s, Bill Morse, Morse, Le Duc Tho, “, Barack Obama Organizations: Hong Kong CNN —, Center of Cambodia, CNN, National University of Singapore, ”, Yale University, Paris Peace Accords, MPI, Getty, NPR Locations: Hong Kong, Southeast Asia, Cambodia, Vietnam, Khmer Rouge, Phnom Penh, Khmer, Laos, East Timor, United States, Missouri, destabilized, Paris, United Kingdom

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

☆ 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

☆ Vietnam rare earths arrests include key figure in bid to build industry
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Luu Anh Tuan, Chairman of mining company VTRE in his Hanoi office with samples of rare earth oxides in Hanoi, Vietnam September 7, 2023. REUTERS/Francesco Guarascio/File Photo Acquire Licensing RightsHANOI, Oct 20 (Reuters) - Police in Vietnam have arrested six people accused of violating mining regulations, including the chairman of a company at the heart of efforts to develop Vietnam's rare earth industry, seizing 13,715 tons of rare earths ores. VTRE has partnered with Australian mining companies Australian Strategic Materials (ASM) (ASM.AX) and Blackstone Minerals LTD (BSX.AX), which were not involved in the investigation. ASM signed a binding agreement in April with VTRE for the purchase of 100 tons of processed rare earths this year, and committed to negotiating a longer-term supply deal. Vietnam is planning to organise auctions for concessions at its largely unexploited rare earths mines, which are considered to contain the world's second biggest deposits of the critical minerals used in electric cars and wind turbines.

Persons: Anh Tuan, Francesco Guarascio, Yen Bai, VTRE, Blackstone, Dong Pao, Tuan, Doan Van Huan, Khanh Vu, Edmund Klamann, Martin Petty Organizations: REUTERS, Rights, Police, Earth JSC, Duong Group, Ministry of Public Security, Strategic Materials, Blackstone Minerals LTD, Blackstone, ASM, Australian, Thai Duong Group, Thomson Locations: Hanoi, Vietnam, Rights HANOI, Vietnamese, Yen, Lai Chau, Yen Bai

☆ Exclusive: Combat veteran is likely replacement for China's missing defence minister
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +7 min

China's defence ministry and State Council information office did not respond to requests for comment. If his departure is confirmed, Li will be the second senior minister to lose his job in recent months. Qin Gang was removed as foreign minister in July, one month after he was last seen in public. U.S. defence officials have long wanted to reestablish routine communications with counterparts directly involved in command decisions. Qin was made foreign minister in Dec. 2022 and Li became defence minister in March.

Persons: Carlos Garcia Rawlins, Liu Zhenli, Liu, Li Shangfu, Li, Qin Gang, Qin, Nancy Pelosi, Xi Jinping, Xi, James Char, Lloyd Austin, Alexander Neill, Willy Lam, Chang Dingqiu, Katerina Ang, Daniel Flynn Organizations: Political Consultative, REUTERS, Rights, Defence, Reuters, Russia, Joint Staff Department of, Central Military Commission, State, U.S . Department of Defense, ., CMC, Xiangshan, National, Committee, Communist Party's, U.S, Pentagon, People's, Army, Rajaratnam, of International Studies, Washington, PUBLIC, National Defence, Joint Staff Department, Pacific Forum, Jamestown Foundation, Xinhua, Air Force, Thomson Locations: Beijing, China, Rights BEIJING, United States, U.S, Taipei, ., Singapore, Honolulu, Vietnam

She cited unpublished information from Vietnam's Ministry of Natural Resources and Environment, which did not respond to requests for comment. In recent years, Japanese investors Toyota Tsusho and Sojitz abandoned projects at Dong Pao after China ramped up supply, pummelling prices. Reuters GraphicsStill, rare earths at Dong Pao are relatively easy to access and are mostly concentrated in bastnaesite ores, according to the Hanoi University of Mining and Geology. The plant has capacity to process 5,000 tons of REO a year but the company plans to treble that to accommodate input from Dong Pao, Tuan said. The metallization process is controlled by China, which produces 90% of rare-earth metals, according to the U.S. Department of Energy.

Persons: Dong Pao, Blackstone, VTRE, Tessa Kutscher, Anh Tuan, Joe Biden, Kutscher, Sojitz, Dylan Kelly, Vingroup, Rivian, Dong, Tuan, David Merriman, John Rockhold, Dudley Kingsnorth, Francesco Guarascio @fraguarascio, Khanh, Melanie Burton, Trevor Hunnicutt, Mai Nguyen, Phuong, David Crawshaw Organizations: REUTERS, Australia's Blackstone Minerals Ltd, Vietnam's Ministry of Natural Resources, Earth JSC, U.S, . Geological Survey, Reuters, Toyota, Terra Capital, Blackstone, Hanoi University of Mining, REO, White House, Department of Commerce, U.S . Chamber of Commerce, Strategic, ASM, Reuters Graphics Reuters, U.S . Department of Energy, Western Australian School of Mines, Curtin University, Thomson Locations: Nam, Lai Chau, Vietnam, Pao, HANOI, Dong, Beijing, China, Hanoi, U.S, Dong Pao, VTRE, South, Khanh Vu, Melbourne, Seoul, Washington, Phuong Nguyen

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

☆ 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

China is dominant in magnets and the rare earth metals they are made from. Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. It said it sources most of its rare earths from China but is seeking alternative sources in Vietnam and Australia and plans to develop a processing facility in Vietnam. A similar request from clients prompted another Chinese magnet maker, Magsound, to decide to open a factory in Vietnam in the first half of next year, the two people said. In April, Australia's Strategic Materials (ASM.AX) signed a deal with a Vietnamese refiner that committed to supplying rare earths for export to South Korea.

Persons: David Merriman, China's Luxshare, Taiwan's Foxconn, Magsound, Japan's Shin, Obayashi, Francesco Guarascio, Khanh Vu, Mai Nguyen, Christopher Cushing Organizations: Apple, Sino, Korea's Star, Industrial, SGI, U.S . Department of Energy, South, Reuters, VinFast, Hyundai, China's, Luxshare, Thomson Locations: China, HANOI, SEOUL, Vietnam, U.S, South Korea, Washington, Beijing, Australia, Hanoi

☆ Foxconn to invest $246 mln in 2 projects in northern Vietnam
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

HANOI, June 30 (Reuters) - The world's largest contract electronics maker and assembler, Foxconn (2354.TW), has received approval from Vietnam to invest $246 million in two new projects its northern province of Quang Ninh, the local authority said on Friday. The projects, by its unit Foxconn Singapore, will raise total investments by Foxconn in Vietnam to about $3 billion and will centre on the manufacture and assembly of telecom and electric vehicle (EV) parts, the provincial government said. The remaining $46 million is for a plant to produce electronics and telecommunication components, with production set to begin in October 2024. Foxconn, which has been in Vietnam for nearly two decades, also plans to set up a new factory in the central province of Nghe An. with an initial investment of $100 million, the provincial local authority said last month.

Persons: Foxconn, Phuong Nguyen, Khanh Vu, Martin Petty Organizations: Foxconn, Thomson Locations: HANOI, Vietnam, Quang Ninh, Singapore, Hanoi, Foxconn, Nghe

☆ Chinese automaker BYD to make EVs in Vietnam
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

HANOI, May 8 (Reuters) - Chinese automaker BYD Co. (002594.SZ) plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement citing the company's chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a plant in Vietnam to produce car parts, with the aim to export components to an assembly plant planned in neighbouring Thailand. The statement did not mention how much new investment BYD would top up for the expansion. The presence of BYD would pose a direct challenge to VinFast, a Vietnamese EV maker that began selling cars in 2019 and plans to expand in the United States and Europe. Last September, BYD, backed by Warren Buffett's Berkshire Hathaway, announced that it would build an EV assembly plant in Thailand with annual capacity of 150,000 cars from 2024.

☆ 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.

☆ Taiwan's Apple supplier Quanta plans Vietnam factory
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: 1 min

HANOI, April 22 (Reuters) - Apple supplier Quanta Computer (2382.TW) plans to set up a factory in northern Vietnam, the Vietnamese government said. The company, a MacBook contract manufacturer, on Friday signed an agreement with the authorities of Nam Dinh province, 90 km (56 miles) south of Hanoi, to construct the facility at an industrial park there, the government said in a statement late on Friday. The facility, which would be Quanta's 9th factory globally, would initially cover an area of 22.5 hectares, the statement said, without giving its capacity nor a time frame for the construction. Local media said on Saturday Quanta would invest $120 million in the factory. Reporting by Khanh Vu; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
▼ + stars: | 2023-03-16 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com time to read: +6 min

Adding impetus to the move is the increasing cost of labour in China, expanding U.S. restrictions on high-tech-related trade with China, and tit-for-tat tariffs from a Sino-U.S. trade war that triggered a past wave of Chinese investment in Vietnam. "Enquiries from Chinese firms about manufacturing investment in Vietnam grew exponentially in the last quarter of last year," said Michael Chan, senior director of leasing at industrial real estate specialist BW Industrial Development. "Chinese investment has also increased remarkably," he said. Chinese firms also experience longer times to obtain staff visas and work permits, said Filippo Bortoletti, who heads the Vietnamese unit of investment consultancy Dezan Shira. "Chinese companies move here mostly to serve their clients who moved earlier," said BW Industrial Development's Chan.

[1/4] The BYD Atto 3 EV car is displayed at the 39 Thailand International Motor Expo, in Bangkok, Thailand, November 30, 2022. The company announced in September it would build an EV assembly plant in Thailand with annual capacity of 150,000 cars from 2024. Talks are underway to select a site for the Vietnam plant, said the sources, who declined to be named because the discussions are confidential. The Vietnam plant will export components to the assembly plant to be built in Thailand, one source said. That would pose a direct challenge to VinFast, a Vietnamese EV maker that began selling cars in 2019 and plans to expand in the United States and Europe.

☆ Exclusive: Apple supplier BOE plans new factories in Vietnam
▼ + stars: | 2023-01-11 | by ( Francesco Guarascio | ) www.reuters.com time to read: +3 min

HANOI, Jan 11 (Reuters) - Chinese display maker BOE Technology Group Co Ltd (000725.SZ), a supplier of both Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS), plans to invest a substantial sum to build two factories in Vietnam, two people familiar with the matter said. BOE plans to make the more sophisticated organic light-emitting diodes (OLED) screens at the site rather than liquid-crystal displays (LCDs), the person said. Apple, which included BOE in its 2021 list of manufacturing partners, uses OLED screens for its latest iPhone smartphones. The U.S. tech giant, however, plans to start making mobile screens in-house by next year, Bloomberg reported on Wednesday. BOE's Vietnam plan is not specifically aimed at supplying Apple, the person said.

☆ How mountains of worm cocoons are turned into expensive silk in Vietnam
▼ + stars: | 2022-09-19 | by ( Korey Isbell | Victoria Barranco | ) www.businessinsider.com time to read: +1 min

Making silk is a tedious process that includes raising hungry worms and hand-pulling silk from cocoons. In Vietnam, traditional craft villages have struggled as cheaper, fake silk floods the market. But families in Nam Cao village saved their silk business by banding together and forming a cooperative. They make silk by hand in a tedious, 30-step process. We head to northern Vietnam to learn how Nam Cao village saved its big business of silk.

☆ This Vietnamese Dish Is Comforting, Luminous and Striking. It’s Also Forgiving.
▼ + stars: | 2022-08-31 | by ( Bryan Washington | ) www.nytimes.com time to read: +2 min

My first bites of bánh cuốn were hardly intentional — they came from a banh mi shop tucked in Houston’s Third Ward. I’d been working at a day care, and also a stadium’s parking company, and most of what I ate came from this tiny Vietnamese spot. Several weeks after that he just handed me a bag of boxed bánh cuốn, with separate tins for fish sauce and bean sprouts, alongside an edict: enough. Eating streetside bánh cuốn in the morning, in the hubbub of other diners, over a stool and folding table, is basically a miracle. The thickness of your bánh cuốn might vary from restaurant to restaurant, and also your fillings, but you’ll still find yourself won over from iteration to iteration.

Persons: bánh, I’d, Sir, ”, “ Bryan, “, đá, Jerry Mai, you’ll, you’ve Organizations: Food Locations: Vietnam, Food Vietnam, Bellaire

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