Vietnam

Vietnam to ban fossil-fuel motorcycles in central Hanoi from July 2026

Vietnam will ban fossil-fuel motorcycles and mopeds in the heart of the capital, Hanoi, starting July 2026, as part of a nationwide effort to curb air pollution, state media reported. The directive issued by Vietnamese Prime Minister Pham Minh Chinh applies to the area inside and along the main ring road that encircles the centre of Hanoi. The local government has been tasked with phasing out the two-wheelers by the deadline. Like the rest of Vietnam, motorcycles are the main mode of transport for most of Hanoi's 8 million residents. The city has nearly 7 million motorcycles and just over a million cars. But as incomes rise and more people switch to private vehicles, air pollution from traffic has become a growing concern. Hanoi is often enveloped in thick smog, ranking among the most polluted cities worldwide. Vietnam also wants to switch from fossil-fuel to electric vehicles to cut pollution and tackle climate change. Local EV maker VinFast is leading the shift by holding nearly a

Taiwanese, Vietnamese firms keen to invest in footwear sector in India: CLE

Companies from Taiwan and Vietnam are keen to invest in India's non-leather footwear sector, and the government support is crucial to facilitate these investments, Council for Leather Exports (CLE) Chairman RK Jalan said on Sunday. Jalan said these Taiwanese and Vietnamese firms import products like shoe soles, moulds, machinery, and fabrics from countries like China. "Vietnamese and Taiwanese firms are keen to invest in India. We need to support them so that they can import these goods smoothly into the country for their manufacturing facilities," he said. The country's exports are growing at a healthy rate, and the council is aiming for USD 7 billion worth of shipments in 2025-26, he added. The exports stood at USD 5.75 billion in 2024-25. The US was the top destination for Indian exporters with shipments worth USD 957 million (about 20 per cent share). It was followed by the UK (11 per cent) and Germany. "We are expecting about 18 per cent growth this year. Promotion of ...

EV maker VinFast inks pacts with 13 dealers; aims 35 dealerships in India

VinFast Auto India, a subsidiary of Vietnam-based electric vehicle maker VinFast, has signed agreements with 13 dealer groups for opening 32 dealerships across 27 cities, a statement said on Saturday. VinFast, which is gearing up to launch its electric vehicles in the Indian market, aims to establish 35 dealerships across the country by the end of 2025, according to the statement. These collaborations underscore VinFast's commitment to establishing a robust 3S (sales, service, spares) network and laying the groundwork for the upcoming pre-booking of the VF 6 and the VF 7 models on July 15, it said. The agreements are part of VinFast's plan to expand its footprint in the country. The initial set of dealerships will be established in key urban and emerging EV markets, including Delhi, Gurugram, Noida, Chennai, Bengaluru, Hyderabad, Pune, Jaipur, Ahmedabad, Kolkata, Cochin, Bhubaneswar, Thiruvananthapuram, Chandigarh, and Lucknow. These cities have been strategically selected based o

US-India trade deal may cap tariffs below 20% as both sides continue talks

India may avoid steep US tariff demand letters as both nations work on interim trade deal; proposed pact could set base rate below 20 per cent with room for further negotiations

Trade with India should reach $20 bn: Vietnam envoy Nguyen Thanh Hai

Ambassador Nguyen Thanh Hai says India-Vietnam trade has strong growth potential, urges deeper cooperation and highlights VinFast's $2 bn investment in Tamil Nadu

Trump's Vietnam deal signals China tariffs unlikely to ease further

Chinese goods face 55% tariffs, likely through August. Under the Vietnam deal, the US will impose 20% tariffs on Vietnamese exports and 40% on transshipped goods to curb Chinese tariff evasion

New US-Vietnam deal risks retaliation from China over Trump tariffs

While the US levy on Vietnam is lower than the 46 per cent initially imposed by President Donald Trump in April, it's double the 10 per cent universal base rate being applied

US-Vietnam trade deal: Trump announces 20% import tariff, market access

Donald Trump has announced a trade deal with Vietnam imposing tariffs on imports and transshipping, while granting the US full market access and zero tariffs on American goods

Vietnam ends death penalty for 8 crimes, may spare tycoon Truong My Lan

Vietnam has lifted the death penalty for eight crimes in legal reforms that may spare the life of a real estate tycoon imprisoned in the country's largest financial fraud case. The legal reforms in Vietnam ended the death penalty for eight crimes, including trying to overthrow the government, damaging state infrastructure, making and selling fake medicine, starting wars, spying, drug trafficking, embezzlement, and taking bribes. Vietnamese lawmakers passed the reforms on Wednesday, according to state media. Truong My Lan, sentenced to death for her involvement in Vietnam's largest financial fraud case, will be eligible to have her sentence reduced after the reforms, her lawyer said Thursday. The 67-year-old chair of the real estate company Van Thinh Phat who was facing execution for her involvement in fraud amounting to USD 12.5 billion nearly 3 per cent of the country's 2022 GDP will now be eligible for the exemption for the death penalty according to the new rules, her lawyer P

India in talks with Japan, Vietnam on rare earth imports: Kumaraswamy

India is exploring rare earth imports from Japan and Vietnam and preparing an incentive scheme for oxide-to-magnet processing amid China's tightened export restrictions

Vietnam-bound Air India flight returns to Delhi as 'precautionary measure'

'Air India flight AI388 to Ho Chi Minh City returned to Delhi as a precaution. All passengers are safe and will depart on an alternate aircraft with a fresh crew at 1800 hrs today,' the airline said

VietJet signs agreement with Airbus to purchase up to 150 aircraft

A deal for 150 A321neos could be worth around $9.4 billion, according to estimated prices provided by Cirium Ascend

VinFast partners with Global Assure to build EV service network in India

Vietnam's electric vehicle maker VinFast on Tuesday said it has partnered with Global Assure to strengthen its customer service network across India. Under the partnership, Global Assure will oversee delivery of essential customer care services, including a dedicated 24x7 call centre, nationwide roadside assistance (RSA), mobile charging solutions, and on-demand mobile service operations, the company said in a statement. "As VinFast is gearing up to launch its premium electric SUVs - the VF 7 and VF 6 in India market, this partnership underlines the brand's commitment to ensure prompt, dependable, and customer-focused support across the country," VinFast CEO Asia Pham Sanh Chau said. The company is eyeing a launch in India with its VF7 and VF6 models before the festival season this year. "With Global Assure's extensive expertise in deep understanding of Indian customer needs and pan-India presence, VinFast customers can expect efficient response times and high-quality service...,"

Vietnam scraps two-child policy as aging threatens economic growth

Vietnam has abolished its long-standing two-child limit on Tuesday to try and reverse declining birth rates and ease the pressures of an aging population. The National Assembly passed amendments scrapping rules that limit families to having one or two children, state media Vietnam News Agency reported on Wednesday. Vietnamese families are having fewer children than ever before. The birth rate in 2021 was 2.11 children per woman, just over the replacement rate required for a population to avoid shrinking over the long term. Since then, the birth rate has steadily declined: to 2.01 in 2022, 1.96 in 2023 and 1.91 in 2024. Vietnam is not the only Asian country with low fertility. But, unlike Japan, South Korea or Singapore, it is still a developing economy. Nguyen Thu Linh, 37, a marketing manager in Vietnam's capital Hanoi, said that she and her husband decided to have only one child because they wanted to ensure that they could give their six-year-old son the best education and ...

INS Darshak visits Ho Chi Minh City, boosts hydrographic ties with Vietnam

This visit is part of ongoing efforts to enhance bilateral maritime ties and cooperation between India and Vietnam, reinforcing the strategic partnership in the Indo-Pacific region

Philippines eyes India, Thailand rice to reduce reliance on Vietnam

The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar

Vietnam's Vingroup in talks with Andhra, T'gana to widen presence in India

Vietnam's Vingroup, which is setting up a USD 2-billion plant in Tamil Nadu's Thoothukudi, is also in discussions with Andhra Pradesh and Telangana governments to expand its operations in India. VinFast, the electric vehicle (EV) unit of Vingroup, plans to launch its VF7 and VF6 models in India before the festival season this year. "We visited several states and inspected multiple locations...before finally zeroing in on Thoothukudi in Tamil Nadu because of the logistical advantages it offers... with a port and airport nearby," VinFast Asia CEO Pham Sanh Chau told PTI here. The launch of VF7 and VF6 -- likely before the festival season this year --will mark the entry of Vingroup, one of the leading conglomerates of Vietnam, into the Indian market. "Yes, we are in talks with other states as well. Our group sees India as a key market, and we could have a bigger presence there," Chau said. Apart from Tamil Nadu, negotiations are underway with Telangana and Andhra Pradesh governments

Vietnam approves Trump Organisation's $1.5 bn golf and real estate project

Vietnam has approved a $1.5 billion proposal by the Trump Organisation and its Vietnamese partner to build golf courses, hotels and real estate projects in the Southeast Asian country, state-run media reported Friday. The project spanning 990 hectares (2,446 acres) in northern Vietnam's Khoai Chau district will include a golf course the size 336 American football fields, residential areas, commercial spaces and parks. The decision approving the investment was signed by Deputy Prime Minister Tran Hong Ha, the VN Express newspaper reported. Vietnam is heading into negotiations with the US in a bid to avoid the 46% tariffs on its exports announced by President Donald Trump's administration. Vietnam also has been facing heat from Washington for not doing enough to prevent the diversion of Chinese goods through its borders. The investment project was announced by Vietnamese real estate developer Kinhbac City, which partnered with Trump's family business in October. Work on the project w

Vietnam marks 50 years since war's end with parade, message of peace

Vietnam celebrated the end of the war with the United States and the formation of its modern nation 50 years ago Wednesday with a military parade and a focus on a future of peace. Thousands camped overnight on the streets of Ho Chi Minh City once known as Saigon to watch the parade, drinking strong black coffee and their faces painted with the Vietnamese flag. The parade included a float that carried the Lac Bird, Vietnam's emblem, another carrying a portrait of Ho Chi Minh and finally one that represented 50 years of reunification between North and South Vietnam. Chinese, Laotian and Cambodian troops marched behind Vietnamese army formations, including some wearing uniforms similar to what was worn by northern Vietnamese troops during the war. Helicopters carrying the national flag and jets flew over the parade near Independence Palace, where the war ended when a North Vietnamese tank smashed through its gates. Sitting next to Vietnam's leader were Cambodia's former leader Hun

Tesla rival VinFast plans to open India plant by end of June, says CEO

VinFast, the Nasdaq-listed global rival of American EV giant Tesla, had selected Thoothukudi in Tamil Nadu for its $2 billion facility