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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 …

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 …

Vietnam needs to spend at least VND4.1 trillion (US$173.7 million) annually to increase the national gasoline and oil reserve. The Ministry of Industry and Trade alongside the Ministry of Finance want the country’s reserves to total nine days of net imports by 2025, and 30 days in the 2026-2030 period, …