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Vietnam Stocks Shoot Past Toughest Key Level to Hit Record High


Vietnam Stocks Shoot Past Toughest Key Level to Hit Record High
Bloomberg
4/1/2021
Nguyen Kieu Giang
(Bloomberg) Vietnam’s benchmark stock gauge rose to a record high after breaking above a key technical level seen as a bullish sign as optimism grew over an economic recovery.
The VN Index jumped 2.1% to 1,216.10 at the close, climbing above the 1,200 level seen by MB Securities JSC. as a key threshold. The measure has rallied more than 10% this year. Vingroup JSC, the country’s biggest company by market value, climbed for a seventh day, gaining 4.3%. That’s the stock’s longest stretch of advances since late October. ....

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Vietnam's Richest Man Plans Electric Car Factory in the U.S.


Vietnam’s Richest Man Plans Electric Car Factory in the U.S.
Bloomberg
3/2/2021
Nguyen Kieu Giang
(Bloomberg) Vietnamese electric-vehicle startup VinFast plans to open a U.S. factory after setting up a 50-member San Francisco research office as it prepares for California automobile sales in 2022.
VinFast, founded by billionaire Pham Nhat Vuong, began delivering gasoline autos to Vietnamese consumers with BMW-licensed engines in 2019. Vuong, who is also chairman of parent company Vingroup JSC, said late that year he would back the company’s U.S. ambitions with $2 billion of his own fortune.
© Bloomberg
Vietnam s Richest Man Pham Nhat Vuong Bets $2 Billion to Sell Cars to Americans ....

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