Vietnam's Vinfast starts construction of EV factory in the US

14 Sept 02:44 Key points summarised by AI

Vinfast, a Vietnamese electric vehicle manufacturer, broke ground on its first US factory in North Carolina, representing a significant market expansion and the state's largest economic development project with an initial $2 billion investment.
The new facility will produce EV models VF7, VF8, and VF9, fostering job creation, supporting a green economy, and symbolizing the strengthening comprehensive partnership between Vietnam and the United States.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.