Analysts say the price tag on VinFast's planned merger is not realistic given that the EV-maker continues to burn cash and is in very early stages of its US business

Vietnam, a global export hub, has been attracting global investments thanks to its array of free-trade deals and cheap labour, with the added allure of protection from increasing Sino-US trade friction

The Vietnamese EV-maker said it was not aware of any incidents, and that it was issuing the recall "out of an abundance of caution"

VinFast could hit break even as soon as the end of 2024, the company's founder Pham Nhat Vuong told investors

Hanoi’s plan could help unlock billions of dollars in foreign investment but one G7 diplomat was concerned at a continuing high reliance on coal

The iPhone-maker did not say when it plans to open physical stores in the country of 100 million people, but online stores often precede the opening of retail stores

The development comes amid political and regulatory uncertainties in China that have pushed foreign businesses to move out of the country

The country’s sole EV maker is gearing up to expand into the United States, where it hopes its two electric SUV models will compete with legacy American brands

The world’s largest manufacturer of electronic parts has recently ramped up efforts to diversify production outside of China