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The Latest Breaking News from Vietnam

Coffee Prices Rebound as Dollar Weakness Spurs Short Covering

March arabica coffee (KCH25 ) today is up +6.75 (+2.28%), and January ICE robusta coffee (RMF25 ) is up +121 (+2.62%). Coffee prices today are moderately higher, recovering some of the sharp losses from Tuesday and Monday. Today's dollar weakness (DXY00 ) has sparked some short-covering in coffee futures. Robusta...

Barchart

Renting Romance: Rising Trend Of Hiring Boyfriends In Vietnam Through Social Media

The cost of hiring a boyfriend ranges from a few hundred thousand Vietnamese Dong (US$10 to US$20) for a two-hour outing, to 1 million Dong (US$40) for a family meeting.

International Business Times

Huge Vietnam Fraud Case Raises Questions Over Banking System

A multi-billion-dollar fraud scandal involving one of Vietnam's most prominent tycoons exposed systemic weaknesses in the country's banking sector, say analysts who warn other such cases could yet emerge.

International Business Times

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Vietnam Pushes Electric Motorbikes As Pollution Becomes 'Unbearable'

In Vietnam's heavily polluted capital Hanoi, teenage taxi driver Phung Khac Trung rides his electric motorbike through streets jammed with two-wheelers belching toxic fumes.

International Business Times

Coffee Prices Settle Lower as Liquidation Continues

March arabica coffee (KCH25 ) Tuesday closed down -0.55 (-0.19%), and January ICE robusta coffee (RMF25 ) closed down -208 (-4.30%). Coffee prices on Tuesday added to Monday's sharp losses, with arabica coffee falling to a 1-1/2 week low and robusta dropping to a 2-1/2 week low. Long liquidation pressures...

Barchart

Long Liquidation Pressures Coffee Prices

March arabica coffee (KCH25 ) today is down -1.50 (-0.51%), and January ICE robusta coffee (RMF25 ) is down -182 (-3.76%). Coffee prices today added to Monday's sharp losses, with arabica coffee falling to a 1-1/2 week low and robusta dropping to a 2-1/2 week low. Long liquidation pressures are...

Barchart

Who is Truong My Lan? Vietnamese billionaire sentenced to death in $12bn fraud case

The property tycoon, 68, can still commute her death sentence to life imprisonment

Evening Standard

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Vietnamese tycoon faces scramble to raise billions to avoid death sentence

Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country

The Guardian - UK

Truong My Lan: Death sentence upheld for Vietnamese property tycoon over massive fraud

Truong My Lan had been convicted in April of embezzlement and bribery over the fraud amounting to 12.5 billion dollars, nearly 3% of Vietnam's 2022 GDP

Evening Standard

Vietnam Upholds Death Sentence For Real Estate Tycoon

Vietnamese court upholds death sentence for real estate tycoon Truong My Lan in billion fraud case, highlighting societal impact and financial repercus...

Top News

Vietnam court upholds tycoon’s death sentence for $12bn bank fraud

Truong My Lan’s life could still be spared if she pays back three-quarters of the assets she embezzled.

Al Jazeera

Death sentence for real estate tycoon Truong My Lan upheld in Vietnam's largest fraud case

The death sentence for real estate tycoon Truong My Lan has been upheld in Vietnam’s largest fraud case, the scale of which had raised concerns about the country’s economy

The Independent UK

Vietnam Court Upholds Death Sentence For Property Tycoon

A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case -- but said her life could still be spared if she paid back three quarters of the assets she embezzled.

International Business Times

South Korea says 38 Vietnamese tourists have gone missing in Jeju island

Tourists disappear on last stop of their itinerary before their departure

The Independent UK

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The Independent UK

Court upholds death penalty for tycoon convicted of Vietnam’s largest banking fraud

Lan, the former chair of Van Thinh Phat Group, is at the centre of Vietnam’s high-profile anti-corruption crackdown that has grabbed global attention

International Business Times

Vietnam Property Tycoon On Death Row Faces Appeal Verdict

A Vietnamese property tycoon sentenced to death for a multi-billion-dollar fraud will learn Tuesday whether her life will be spared, as an appeal court reaches its verdict on one of the biggest corruption cases in history.

Barchart

Coffee Prices Plummet on Long Liquidation Pressures

March arabica coffee (KCH25 ) Monday closed down -22.00 (-6.92%), and January ICE robusta coffee (RMF25 ) closed down -575 (-10.63%). Coffee prices plummeted Monday to 1-week lows. Long liquidation pressures weighed on coffee prices Monday after J. Ganes Consulting said that keeping a large amount of capital tied into...

Barchart

Soaring Margins Spark Long Liquidation in Coffee Futures

March arabica coffee (KCH25 ) today is down -22.40 (-7.04%), and January ICE robusta coffee (RMF25 ) is down -494 (-9.13%). Coffee prices today have sold off sharply to 1-week lows. Long liquidation pressures weighed on coffee prices today after J. Ganes Consulting said that keeping a large amount of...

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Top News

Vietnam Approves Billion High-Speed Railway Project

Vietnam greenlights billion high-speed railway project linking Hanoi and Ho Chi Minh City, set to revolutionize transportation.

International Business Times

Vietnam To Build $67 Bn High-speed Railway

Vietnam said Saturday that it will build a $67 billion high-speed railway from Hanoi to Ho Chi Minh City, in a much-needed boost to infrastructure that is expected to drive growth and enhance its reputation among foreign investors.

Barchart

Coffee Prices Retreat as Brazilian Real Weakness Sparks Liquidation

March arabica coffee (KCH25 ) Friday closed down -5.00 (-1.55%), and January ICE robusta coffee (RMF25 ) closed down -156 (-2.80%). Coffee prices Friday gave up an early advance and closed lower after the Brazilian real (^USDBRL ) sank to a record low against the dollar. The weaker real encourages...

Barchart

Brazilian Real Weakness Sparks Liquidation in Coffee Futures

March arabica coffee (KCH25 ) today is down -2.65 (-0.82%), and January ICE robusta coffee (RMF25 ) is down -88 (-1.58%). Coffee prices today gave up early gains and turned lower after the Brazilian real (^USDBRL ) sank to a record low against the dollar. The weaker real encourages export...

WhatToWatch

The Women: plot and everything we know about the movie adaptation of Kristin Hannah’s Vietnam novel

The Women is a movie adaptation of the bestseller by Kristin Hannah about nurses who served in the Vietnam war.

The Independent UK

Number of Vietnamese migrants crossing Channel on small boats soars 177% in a year

Vietnamese migrants are believed to be flying to Hungary and then travelling onwards to northern France

Barchart

Coffee Prices Surge as Adverse Weather Events Threaten Global Supplies

March arabica coffee (KCH25 ) Wednesday closed up +14.20 (+4.60%), and January ICE robusta coffee (RMF25 ) closed up +358 (+6.92%). Coffee prices Wednesday extended their 3-week parabolic rally, with March arabica posting a contract high and December arabica posting a 47-year nearest-futures high. Meanwhile, January robusta coffee posted a...

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