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NA Standing Committee nominates Vo Van Thuong as Vietnam’s president

The Standing Committee of the legislative National Assembly (NA) introduced Vo Van Thuong, the standing member of the Communist Party’s Secretariat, as Vietnam’s presidential candidate. The assembly is holding an extraordinary meeting Thursday morning to elect the president, after the Communist Party’s Central Committee introduced a candidate the previous day. …

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Lender UOB acquires Citigroup’s consumer banking business in Vietnam

Lender UOB acquires Citigroup’s consumer banking business in Vietnam

UOB on Wednesday said it has completed the acquisition of Citigroup’s consumer banking business in Vietnam, including the transfer of 575 staff. This is part of UOB’s acquisitions of the American investment bank’s four consumer banking business markets. The deals were completed for Thailand and Malaysia in November and will …

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Tesla touts plans to halve vehicle production costs

Tesla touts plans to halve vehicle production costs

Tesla Inc will cut vehicle assembly costs by half in future generations of cars, engineers told investors on Wednesday, outlining design and factory efficiency gains. In the first two hours of the presentation, Tesla executives led by Musk discussed everything from a white-paper plan for the globe to embrace sustainable …

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