$23-billion incentives programme that aimed to lure manufacturers away from China was hindered by red tape and slow meagre payouts, officials said, but two sectors enjoyed huge growth

Shares in Asian defence suppliers have soared amid expectation Europe will buy more military equipment, while Trump is also looking ramp up US shipbuilding to narrow the vast output and capacity gap with China

Some private banks will be able to have up to 49% foreign ownership – up from 30% – if they take over struggling financial institutions, Hanoi has said

Trump's plan to charge Chinese vessels a big fee at US ports is looking uncertain as exporters struggle to find US-built or flagged ships to send goods abroad. It is also impacting farm and other exports

China sends delegation to Panama to try to review and possibly reverse its exit from Belt and Road Scheme, while scrutinizing the US deal to buy CK Hutchison's ports

Nvidia chief expected to reveal details about the company's new flagship AI chips – designed for huge data centres that train AI systems

PetroVietnam signed an MoU with to buy GE equipment for gas-fired power plants, plus deals with Conoco Phillips and Excelerate, while oil refiner Binh Son did a deal with Kellogg Brown & Root

Fears rise that Beijing may seek to block the $22.8bn port deal; shares of CK Hutchison plunge after Chinese media damn the deal as a 'betrayal' of the Chinese people and an 'act of US hegemony'

The car will cost at least 20% less to produce than the refreshed Model Y launched last year, sources said. Production will begin next year.

Korea offers quick delivery of submarines, tanks, missile systems, jets and howitzers, as tensions rise between Canada and the US, amid concerns over US weapons – and its president

The EU hits back, saying it will impose counter-tariffs on $28 billion worth of US goods from next month; China and US allies in the Asia-Pacific also not happy

Musk's admission that he could oversee US government cost-cutting for another year, despite 'great difficulty' also heading Tesla, spurred a 15% fall in its share price on Monday