Page 10 - Vietnam

Boeing to boost manufacturing in Vietnam as supplier builds plant

KP Aero will be formally granted later this week the authorisation to invest $20 million in Vietnam, authorities in the central city of Danang said in a media statement on Wednesday

A slowing domestic mobile phone mkt presents challenges to Meity's targets

In spite of PLI incentives, India's gap with China, Vietnam is not fully bridged, leaving a gap of 4-5%. However, if tariffs are brought down, ICEA estimates that exports will go up to $50 bn by FY27

VinFast signs deal for Rs 16,000 crore integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

VinFast to come up with $2 bn integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

VinFast to set up its first EV manufacturing unit worth $500 mn in India

Construction on the project's EV and battery manufacturing plants is expected to start this year and generate 3,000 to 3,500 jobs locally, the statement said

Zomato begins liquidation of its Vietnam-based step-down subsidiary

Zomato's revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2, up from Rs 1,661 a year ago. It had reported a revenue of Rs 2,416 in the previous quarter

Vietnam's EV maker VinFast plans to set up battery plant in Tamil Nadu

The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the sources said

Ministry holds review meeting on surging steel imports from China, Vietnam

The government has reviewed the steel import situation amid concerns raised by the domestic industry over the increased inward shipments, according to an industry official. Steel players have been raising concerns with various ministries including steel and commerce over the surge in steel imports from select countries like China and Vietnam. The Ministry of Steel on Wednesday held a meeting to review the import situation in the country, an industry executive said. The meeting was chaired by steel secretary Nagendra Nath Sinha and attended by representatives of various steel companies. Several ministry officials also participated in the hour-long meeting, he said. "Steel makers informed the ministry that there has been a continuous surge in imports from countries like China and Vietnam despite the same type of steel being available in India," a Steel Ministry official said. When asked about the steps, the official said any action can be initiated only after the study of details ..

China's Xi meets with Vietnamese PM on second day of visit to shore up ties

Chinese leader Xi Jinping met with Vietnam's prime minister and the head of the country's National Assembly on Wednesday, on the second day of his visit to shore up Beijing's relationship with Hanoi after the Southeast Asian nation recently elevated its ties with Japan and the United States. Xi met with Communist Party General Secretary Nguyen Phu Trong on Tuesday, and they announced that China and Vietnam would work toward a community with a shared future, in what was seen as a diplomatic concession by Vietnam to Beijing. The two sides signed 36 agreements, mostly about deepening cooperation," ranging from telecommunications to cross-party exchange, according to Vietnamese media reports. Vietnam has resisted using that phrase in the past but wanted to assuage Beijing's concerns after Vietnam designated both the US and Japan as comprehensive strategic partners" in recent months the highest official designation for a diplomatic relationship. Chinese state media says the designation .

China's Xi meets with Vietnamese PM on second day of visit to shore up ties

Chinese leader Xi Jinping met with Vietnam's prime minister and the head of the country's National Assembly on Wednesday, on the second day of his visit to shore up Beijing's relationship with Hanoi after the Southeast Asian nation recently elevated its ties with Japan and the United States. Xi met with Communist Party General Secretary Nguyen Phu Trong on Tuesday, and they announced that China and Vietnam would work toward a community with a shared future, in what was seen as a diplomatic concession by Vietnam to Beijing. Vietnam has resisted using that phrase in the past but wanted to assuage Beijing's concerns after Vietnam designated both the US and Japan as comprehensive strategic partners" in recent months, a designation it uses for China. The status is Vietnam's highest official designation for a diplomatic relationship. Xi referenced the phrase again on Wednesday in a meeting with National Assembly Chairman Vuong Dinh Hue. In the next stage, both sides need to strengthen .

China's Xi visits Vietnam weeks after it strengthened ties with US, Japan

Chinese leader Xi Jinping arrived in Vietnam on Tuesday seeking to further deepen ties with the Southeast Asian nation, weeks after it elevated its diplomatic relations with Western-aligned countries. In his first visit since 2017, Xi will meet with Communist Party General Secretary Nguyen Phu Trong, President Vo Van Thuong and Prime Minister Pham Minh Chinh, Vietnam's Foreign Ministry said. This reflects Beijing's concerns about Hanoi's advances with the West, said Nguyen Khac Giang, a visiting fellow with the ISEASYusof Ishak Institute in Singapore. Concerns that Vietnam may join an anti-China alliance and gang up against China. The Chinese leader received a red carpet welcome as Pham greeted him on the tarmac. Dozens of Chinese and Vietnamese nationals gathered at the airport, waving Chinese and Vietnamese flags to welcome Xi and his wife, Peng Liyuan, who accompanied him on the visit. Xi's visit marks 15 years of China being a comprehensive strategic partner" of Vietnam, the ..

As Xi visits Vietnam, China offers rail grants, pushes digital silk road

China is ready to offer grants to Vietnam to boost the railway between Kunming and the Vietnamese port city of Haiphong, and other transport links from southern China to Hanoi

Rajasthan trade body eyes business opportunities in the Asean region

ARTIA's chief advisor Kamal Kandoi said that Asean countries are attracting the entire world because of their enormous business possibilities

Indian army reaches Hanoi for joint military exercise 'Vinbax-2023'

The Indian contingent comprises 39 personnel from the Engineer Regiment of Bengal Engineer Group and six personnel from the Army Medical Corps

Apple to move key iPad engineering resources to Vietnam: Report

Apple suppliers including Luxshare and Foxconn also invested in the Southeast Asian country earlier this year to further diversify production away from China

Cocaine worth Rs 220 cr seized at Paradip port, Vietnamese crew detained

In a major drug haul, cocaine worth Rs 220 crore was seized from a ship at the Paradip port in Odisha's Jagatsinghpur district, officials said on Friday. Twenty-two suspicious packets were spotted in a crane on the ship anchored at the Paradip International Cargo Terminal (PICT) on Thursday night, they said. After the crane operator found it, he informed the authorities, suspecting it to be some kind of explosive. After tests, it was confirmed to be cocaine, they said. In a statement, the Customs Commissionerate said that they searched the ship around midnight acting on intelligence inputs and found the packets of cocaine. The Panama-registered cargo ship, named MV Debi, began its voyage from Egypt and arrived here via the Gresik port in Indonesia. It was scheduled to depart for Denmark with steel plates from here, officials said. "Twenty-two packets were recovered from a crane on the ship. The powder-like substance was confirmed as cocaine after examination using a special kit. T

More visa-free travel for Indians beneficial for Goa tourism as well

Visa-free entry is a carrot to expand $28 billion that 27 million Indians spent overseas in 2019. Those numbers had swelled eightfold and sixfold, respectively, in the two decades before the pandemic

Henry Kissinger, US secy of state under Prez Nixon and Ford, dies at 100

A Jew who fled Nazi persecution in his native Germany in 1938 at age 15, Kissinger developed a conservative outlook that would dominate his decision-making in government

Vietnam to spend $15.5 bn for clean energy transition, to announce at COP28

A plan for how Vietnam will spend USD 15.5 billion to transition to cleaner energy has been finalised and will be announced at the COP28 climate conference, which begins in Dubai next week. Mark George, the climate counsellor for the British Embassy in Hanoi, said that after months of coordination with key Vietnamese ministries to iron out details of how the money will be used, the final plan was finalised on Thursday. George gave no details of the plan. The United Kingdom is co-chair of a group of nine, rich industrialised nations that have agreed to provide the USD 15.5 billion to help Vietnam end its reliance on dirty coal power and more quickly switch to renewable energy as a part of a Just Energy Transition Partnership, or JETP. That is a really important milestone, said George. George was speaking at a panel discussion hosted by the UK-Vietnam Joint Economic and Trade Committee centred around opportunities for the two nations after Britain officially joined an Asia-Pacific t

After Sri Lanka and Thailand, Vietnam may let Indians in visa-free

Currently, only nationals of Germany, France, Italy, Spain, Denmark, Sweden, and Finland can enter Vietnam without a visa