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Asia Top News and Analysis Vietnam


  • ADDIS ABABA, Aug 20- Ethiopian Airlines is powering ahead with a plan to expand its fleet and route network after exceeding its profit target for the 2014/ 15 year, its chief executive said in an interview. Ethiopian Airlines flew six million passengers in the prior year, up from 5.22 million in 2012/ 13.. Ethiopian Airlines plans to increase revenue to $10 billion by...

  • Vietnam devalues currency by 1 percent after Chinese move Wednesday, 19 Aug 2015 | 5:15 AM ET

    HANOI, Vietnam— Vietnam allowed its currency to weaken by at least 1 percent Wednesday following the devaluation of the Chinese yuan and the expectation of a possible U.S interest rate hike. The central bank-set reference rate weakened to 21,890 dong to the U.S. dollar and the trading band within which the dong can be traded was widened to 3 percent from 2 percent,...

  • Secretary of State John Kerry expressed confidence on Friday that an ambitious Pacific trade pact could be completed this year and said a recent nuclear deal with Iran proved hurdles in international agreements could be overcome. Kerry likened the TPP talks to a deal negotiated over 18 months between Iran and six other countries to lift sanctions in return...

  • Kerry says Pacific trade pact must stay on track Thursday, 6 Aug 2015 | 11:59 PM ET

    Secretary of State John Kerry expressed the need to forge ahead to "finish the job" on an ambitious Trans-Pacific Partnership during a meeting with Vietnam's president on Friday, a week after lengthy talks in Hawaii ended with no deal. The Pacific pact is a "mega regional" accord set to cover 12 countries with a combined GDP of $28 trillion, among them Australia,...

  • HANOI, Aug 3- Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world's tallest skyscrapers and buyers snapping up new projects fast. "I can sell about three to five units per month now, much better than before, when I could only sell the same in the...

  • MUMBAI, July 29- Global rice prices are likely to surge by 10 percent to 20 percent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output...

  • SHANGHAI/ HONG KONG, July 16- On a dusty industrial lot in northern Hong Kong, a group of travelers sheltered in the shade away from the pressing July heat, packing old cloth bags and backpacks with Styrofoam to protect a more precious cargo: smuggled meat. Crowded amid the warehouses of Sheung Shui, a remote suburb near the mainland border, the group of around 40 are...

  • Beijing hates Western values—but it may not matter Monday, 6 Jul 2015 | 12:33 PM ET
    A man and a woman look watch the opening ceremony of the world's largest Disney flagship store in Shanghai, last May.

    "The last few decades have shown that Communist Party rhetoric typically doesn't play out in the real world," says an author and former China resident.

  • Fast fashion has a dirty little secret Friday, 3 Jul 2015 | 7:00 AM ET
    A woman walks past an H&M store in New York

    Fast fashion has a dirty little secret and the solution, this fashion entrepreneur says, is made in America.

  • Time to buy into this frontier market? Wednesday, 1 Jul 2015 | 8:26 PM ET
    Time to buy into this frontier market?

    Joshua Crabb, head of Asian equities at Old Mutual Global Investors, explains why Vietnam's stock market offers "an interesting story."

  • What's next for China's 'World Bank'? Tuesday, 30 Jun 2015 | 10:00 AM ET
    Jin Liqun, left, current secretary general of the Multilateral Interim Secretariat of Asian Infrastructure Investment Bank, shakes hands with China's Finance Minister Lou Jiwei ahead of a signing ceremony of articles of agreement of the AIIB, at the Great Hall of the People in Beijing, June 29, 2015.

    How China's new Asian Infrastructure Investment Bank can rival the West's World Bank, says Curtis Chin.

  • Vietnam scraps foreign ownership limits Monday, 29 Jun 2015 | 9:54 PM ET
    The skyline of the downtown area, Ho Chi Minh City, Vietnam.

    Foreign investors will soon be able to take 100 percent stakes in big Vietnamese companies as the country seeks to revive its stuttering economy.

  • Vietnam plans to build transportation hub Thursday, 25 Jun 2015 | 11:00 AM ET
    Vietnam plans to build transportation hub

    Vietnam plans to build a $16-billion airport near the economic hub of Ho Chi Minh City.

  • Building a dairy empire in Vietnam Wednesday, 17 Jun 2015 | 8:47 PM ET
    Building a dairy empire in Vietnam

    Mai Kieu Lien, chairman and CEO of Vinamilk, discusses how she transformed the small, state-controlled dairy producer into Vietnam's second-largest company in terms of market capitalization.

  • SEOUL, June 8- Hong Kong upgraded to "serious" on Monday its response to an outbreak of Middle East Respiratory Syndrome in South Korea, where the number of cases jumped and fears grew about the economic impact of the disease. South Korean President Park Geun-hye said the progress of MERS, which has been spreading in South Korea since last month when a businessman...

  • Why Gaw Capital is positive on Vietnam Thursday, 4 Jun 2015 | 9:40 PM ET
    Why Gaw Capital is positive on Vietnam

    Christina Gaw, managing principal and head of Capital Markets at Gaw Capital Partners, says Vietnam resembles how China was like 15 years ago and says it's a good time to enter the market now.

  • *Vietnam in talks with several European, U.S. defence firms. *Sources say Vietnam wants fighter jets, maritime patrol planes. SINGAPORE, June 5- Vietnam is in talks with European and U.S. contractors to buy fighter jets, maritime patrol planes and unarmed drones, sources said, as it looks to beef up its aerial defences in the face of China's growing assertiveness in...

  • LONDON, May 28- The South China Sea has become the most important testing ground for the changing economic, political and military relationship between China and the United States. China and the other littoral states dispute ownership as well as the rights to resources and maritime control that flow from it. China says it owns the outcrops so is entitled to...

  • Much of this equipment is likely to be used in and around the South China Sea, where Beijing's creation of artificial islands has alarmed some Asian countries and stoked tension between China's navy and the U.S. air force. The Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims. The interest in beefing up maritime capabilities was...

  • The new arms race in the South China Sea Thursday, 21 May 2015 | 1:19 PM ET
    An Indonesian naval vessel.

    Defense spending among nations in the South China Sea region is rising, but most of it isn't going to the United States.