Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.
Vietnam
Vietnam's Finance Ministry Plans to Offer Cash Rewards to Snitch on Corrupt Officials
The Vietnamese finance ministry is considering offering cash rewards to individuals offering tips to authorities in helping them track down corrupt government officials.
Vietnam's Chief Security Officer To Lam Named as Country's New President
Vietnamese public security minister To Lam has been appointed as the country’s new president after the resignation of Vo Van Thuong as part of the Communist Party’s anti-corruption policy.
Vietnam Urges Apple Supplier Foxconn to Voluntarily Reduce Power Use by 30% amid Worsening Electricity Outages
Vietnam reportedly requested that Foxconn, an Apple supplier, reduce power consumption by 30% at its assembly plants in the northern region to prevent a recurrence of the electricity outages experienced last year.
Truong My Lan's Death Sentence Could Negatively Affect Vietnam—Here's What Experts Explain
Truong My Lan's death sentence concerns some experts. Here's why her case could negatively affect Vietnam.
Latest News
Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a Series B round funding soon.
500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.
Vietnam‘s economy is steadily expanding at near 7 percent this year, making it one of the world’s fastest-growing markets amidst global market turmoil.
China has been claiming most of the potentially oil- gas enriched islands located in the South China Sea region. Moreover, naval routes of this region are extremely important for passage of huge trade consignments. These factors have allured China to take control over the zone. But Chinese efforts in this regard are creating tensions among its neighboring countries, also claimant for the disputed islands.
In the recent update of South China Sea dispute, incident of Chinese coastguard attacking Vietnamese fishermen occurred even more. The fishermen were beaten and their equipments were broken. Chinese coastguard also damaged the ship.
Vietnam issued second warning for China for landing two airplane on the artificial island in disputed Fiery Cross Reef.
Nguyen Nam owns an engineering services firm in Ho Chi Minh City that pays no taxes nor any salaries. The flip side is it earns no revenue either.
A unit of South Korea's Samsung Electronics said on Tuesday that it was in talks with the Vietnam government over building a factory to make display modules for mobile phones.
Flappy Bird creator Dong Nguyen told Rolling Stone he is thinking of bringing back the game but that won't be easy because of a clause in Apple's developer agreement, VentureBeat reported.
