Dr Le Hong Hiep is a Senior Fellow and Coordinator of the Vietnam Studies Programme at ISEAS – Yusof Ishak Institute. He is also an editor of the institute’s flagship journal Contemporary Southeast Asia.
Before joining ISEAS, Hiep worked for the Ministry of Foreign Affairs of Vietnam and taught at the Faculty of International Relations, Vietnam National University-HCMC.
Southeast Asia’s ride-hailing giant Grab has a new serious competitor in Vietnam. XanhSM, also known as GreenSM in international markets, has rapidly expanded by offering more secure employment and lower costs for drivers, and achieving high client satisfaction. But turning a profit will be challenging.
Punishment awaits the senior officials who allowed Vietnam’s renewable energy quest to go off the rails, despite its apparent initial success. This policy crisis has the potential to affect other economic sectors if no clear end is in sight.
Vietnam President Nguyen Xuan Phuc might be removed from his position. If online speculation is true, Phuc will become the first Vietnamese president to be ousted while still in office.
Vietnam is seeking to develop its rare earth industry at a time when global demand for such minerals is increasing. Its motivations are not merely economic, but also strategic.