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VinFast, the electric vehicle unit of Vietnam's Vingroup, is set to open bookings in India this June, targeting a launch of its VF7 and VF6 models before the festival season. The company aims to ramp up annual production to 150,000 EVs, with plans to export to the Middle East and Africa, and is looking to hire up to 3,500 local employees.
The Asia Economic Summit is poised to be a pivotal event, attracting C-suite executives, investors, and government leaders for a day of strategic discussions and networking opportunities. Attendees will gain insights from main-stage sessions, engage in executive roundtables, and enjoy curated meals designed to foster meaningful connections. Recent funding trends highlight a significant focus on climate tech, with notable investments in startups addressing carbon removal and sustainability.
The US is imposing a significant tariff on Apple, threatening a 25% duty if the company does not manufacture iPhones domestically. This follows ongoing scrutiny of Huawei and aims to secure the chip supply chain while potentially raising iPhone prices and exacerbating Apple's sales decline in China. Following President Trump's warning, Apple shares dropped by 3%.
Vietnam's stock market is poised for positive movement following encouraging trade negotiations with the United States, according to Mr. Dang Tran Phuc of AZfin Vietnam. While short-term corrections may occur, long-term stability is expected, particularly for large private enterprises and banking stocks. The VN index has shown recovery, closing at 1,314.5 points, with resistance anticipated between 1,320 and 1,340 points as the market awaits further developments.
VPBank Technology Hackathon 2025 is set to enhance its commitment to developing skilled technology talent, featuring two thematic competitions: one for junior/fresh graduates from May to August and another for experts from September to December. Participants will collaborate in teams to create innovative solutions on the AWS cloud platform, with mentorship from industry leaders. Outstanding candidates will have the chance to join VPBank's Young Talents 2025 program, reinforcing the bank's role in digital transformation and financial technology leadership in Vietnam.
VPBank Technology Hackathon 2025 is set to expand significantly, focusing on attracting young talent in IT and data science. The competition features two categories: a Junior/Fresh Hackathon for recent graduates and an Expert Hackathon for seasoned professionals, both utilizing AWS cloud solutions. Outstanding participants will have the chance to join VPBank's Young Talents program, reinforcing the bank's commitment to innovation and digital transformation in Vietnam's financial sector.
VPBank has partnered with Vinatti and Paynet to launch a payment agent model aimed at enhancing financial service accessibility in Vietnam, particularly in areas with limited banking presence. Starting May 20, 2025, the initiative will roll out in Hanoi and Ho Chi Minh City, offering services like deposits, transfers, and account openings at non-bank locations. This collaboration emphasizes digital banking and financial inclusion, with a commitment to providing secure, user-friendly transactions through a modern technological platform.
Tensions between the U.S. and China have escalated as the U.S. imposes a ban on Huawei's AI chips, citing national security concerns, despite a recent trade truce. Beijing condemned the ban as an attempt to suppress its tech industry, while analysts suggest it reflects U.S. anxiety over China's advancing AI capabilities. In response, China is focusing on self-sufficiency and regional influence, indicating that the tech and trade wars are far from resolved.
IG offers a comprehensive suite of resources for traders, including an award-winning platform for 24/7 trading, risk management tools like stop-loss orders, and access to educational materials through IG Academy. Traders can engage with over 13,000 shares via CFDs or share trading, while expert analysis keeps them informed of market movements and potential impacts from tariffs on various sectors, including automotive, technology, and pharmaceuticals. Key stocks to monitor include Ford, Apple, CSL, BHP, and NVIDIA, each facing unique challenges and opportunities amid ongoing trade tensions.
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