The head of Vietnam’s National Assembly has resigned, the ruling Communist Party said Friday, one of the most senior leaders to fall in a sweeping anti-corruption purge.Vuong Dinh Hue asked to step down because of “violations and shortcomings”, the party said in a statement on its website.Thousands of people, including top officials and senior business … Read more
Customers work a cafe and a co-working space in Hanoi, Vietnam, on Thursday, July 20, 2023. Bloomberg | Bloomberg | Getty Images Higher costs had the biggest impact on Asian businesses in 2023, even as they continued to grapple with a global economic slowdown and rising borrowing costs, according to a survey by UOB. More … Read more
Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the U.S. tech giant looks to boost sales in new markets. Cook will meet with Apple users, developers and content creators during the two-day visit, local media reported. The CEO posted pictures on X on Monday in Hanoi with musicians. He drank an egg … Read more
A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304-trillion-dong (US$12.5-billion) financial fraud, the country’s biggest on record, state media said. Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of a campaign against corruption that … Read more
Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on April 11 in one of the country’s biggest fraud cases over the embezzlement of … Read more
Workers at the Lava mobile phone manufacturing facility in Noida, India. Hindustan Times | Hindustan Times | Getty Images India wants to be the top manufacturer in Asia as companies shift away from China, but first it needs to lower taxes and improve supply chain efficiency if it wants to dethrone Vietnam. The U.S. has … Read more
The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. If there is a slowdown in shipping-container circulation, there could be massive supply chain bottlenecks. “The skill involved in containerization is moving that container from point A to point B and getting … Read more
Global logistics companies tell CNBC they have started the planning for a potential Trump win in November and the strategies that will be needed to mitigate any additional tariffs, with Mexico a key import gateway for any escalation in the trade war against China begun under Trump and continued during the Biden presidency. The planning … Read more
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets positive Wall Street … Read more
People shop at a retail store in Manhattan, New York City, on Jan. 5, 2024. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
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