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Court freezes $1.8B bank account at center of inheritance battle between Chinese beverage giant Wahaha's heiress Kelly Zong and half-siblings

Court freezes $1.8B bank account at center of inheritance battle between Chinese beverage giant Wahaha's heiress Kelly Zong and half-siblings

A Hong Kong court has barred Kelly Zong, chairwoman of beverage producer Hangzhou Wahaha Group, from withdrawing funds from a US$1.8 billion HSBC account at the heart of her inheritance dispute with her half-siblings.
Vietnam gold price nears historic peak

Vietnam gold price nears historic peak

Housing developer gets life sentence for defrauding 1,000 people with nonexistent projects

Housing developer gets life sentence for defrauding 1,000 people with nonexistent projects

Malaysian car washes lament as business hit by local boycott over Singapore-only allegations

Malaysian car washes lament as business hit by local boycott over Singapore-only allegations

Several car washes in Malaysia’s Johor Bahru have complained of declining business amid a local boycott sparked by a viral social media post alleging that one outlet only serves Singapore-registered vehicles.
August 2, 2025 | 07:18 am GMT+7
US imposes 20% reciprocal tariff on Vietnam: trade ministry

US imposes 20% reciprocal tariff on Vietnam: trade ministry

The U.S. has adjusted reciprocal tariffs for 69 countries and territories, of which the rate for Vietnam has been reduced from 46% to 20%.
August 1, 2025 | 06:05 pm GMT+7
Gold prices stay flat as global rates head for third weekly loss

Gold prices stay flat as global rates head for third weekly loss

Vietnam gold prices were stable on Friday while global bullion rates are on track for a third straight weekly decline.
August 1, 2025 | 04:21 pm GMT+7
Dollar gains over dong

Dollar gains over dong

The U.S. dollar strengthened against the Vietnamese dong Friday morning as it headed for its best week in almost three years against major peers.
August 1, 2025 | 12:32 pm GMT+7
Hermès heir's missing $16B stake can't be recovered, chairman says

Hermès heir's missing $16B stake can't be recovered, chairman says

Hermès shares worth €14 billion (US$16.2 billion) inherited by Nicolas Puech, an heir to the Birkin bag maker's fortune, cannot be recovered, said the firm's chairman, as the whereabouts of the holding remain a mystery.
August 1, 2025 | 10:33 am GMT+7
Vingroup H1 revenue doubles as VinFast hits top gear

Vingroup H1 revenue doubles as VinFast hits top gear

Vietnam's biggest conglomerate Vingroup doubled its revenues year-on-year in the first half, mostly thanks to strong growth at EV subsidiary Vinfast.
August 1, 2025 | 10:32 am GMT+7
Asian shares slide as US unleashes fresh tariffs

Asian shares slide as US unleashes fresh tariffs

Stocks in Asia fell on Friday after the U.S. slapped dozens of trading partners with steep tariffs ranging from 10% to 41%.
August 1, 2025 | 09:51 am GMT+7
Vietnam distributor of China's Wuling EV turns profitable again

Vietnam distributor of China's Wuling EV turns profitable again

TMT Motors, the exclusive distributor of Wuling electric vehicles, reported first-half profits of VND55 billion (US$2.1 million), which are higher than the full-year figure for any year since 2016.
August 1, 2025 | 09:40 am GMT+7
Trump hits dozens of countries with steep tariffs, including 35% for Canadian goods

Trump hits dozens of countries with steep tariffs, including 35% for Canadian goods

U.S. President Donald Trump slapped dozens of trading partners with steep tariffs ahead of a Friday trade deal deadline, including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland.
August 1, 2025 | 07:40 am GMT+7
E-commerce boom leaves small sellers behind

E-commerce boom leaves small sellers behind

The e-commerce market is becoming increasingly challenging for small players, who cannot compete with domestic brands with a big reputation and marketing budget or foreign sellers with competitive prices.
August 1, 2025 | 05:53 am GMT+7
Siblings in China clash in court over $420,000 inheritance, learn both were adopted

Siblings in China clash in court over $420,000 inheritance, learn both were adopted

An inheritance dispute between two siblings in China over their father's three-million-yuan (US$420,000) property took a twist in court, where it was revealed that neither was his biological child.
July 31, 2025 | 03:31 pm GMT+7
Hanoians cannot find new apartments for under $2,300 per square meter

Hanoians cannot find new apartments for under $2,300 per square meter

Apartments priced below VND60 million (US$2,300) per square meter have virtually disappeared in Hanoi in recent times as the market moves relentlessly toward high-end, high-profit developments.
July 31, 2025 | 02:00 pm GMT+7
Vietnam Airlines H1 profits soar to $255M

Vietnam Airlines H1 profits soar to $255M

Vietnam Airlines’ pre-tax profit for the first half of 2025 was VND6.68 trillion (US$255 million), a 19.3% increase year-on-year, thanks to booming demand.
July 31, 2025 | 11:14 am GMT+7
Italian motorcycle brand Ducati suspends Vietnam sales, looks for new distributor

Italian motorcycle brand Ducati suspends Vietnam sales, looks for new distributor

Ducati has temporarily stopped selling its motorbikes in Vietnam and is looking for a new dealer.
July 31, 2025 | 10:55 am GMT+7
India's Adani Group eyes up to $10B investment in Vietnam

India's Adani Group eyes up to $10B investment in Vietnam

India's Adani Group wants to make strategic investments of up to US$10 billion in Vietnam, said its billionaire chairman Gautam Adani.
July 31, 2025 | 09:37 am GMT+7
Longer preparation needed for Hanoi shift to electric vehicles: motorbike makers association

Longer preparation needed for Hanoi shift to electric vehicles: motorbike makers association

Hanoi’s plan to switch from gasoline to electric motorbikes needs a long period of preparation to work, the Vietnam Association of Motorcycle Manufacturers said.
July 31, 2025 | 06:00 am GMT+7
Vietnamese consumers spend $7.8B on online shopping in H1

Vietnamese consumers spend $7.8B on online shopping in H1

Sales on four e-commerce platforms in Vietnam, including Shopee, Lazada, Tiki and TikTok Shop, hit VND202.3 trillion (US$7.8 billion) in the first six months of this year.
July 31, 2025 | 06:00 am GMT+7
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