Page 11 - Vietnam

Apple supplier Luxshare to invest $330 million more in northern Vietnam

Earlier this year, another Apple supplier, Foxconn, set up a new factory in central Vietnam and raised its investment in the country by $250 million to make electric vehicles and telecom parts

Vietnamese airlines should explore direct flights to NE states: Minister

Union Minister of State for External Affairs Rajkumar Ranjan Singh on Saturday urged airlines from Vietnam to explore launching direct flights to cities in north-eastern states of India to provide increased investment and tourism opportunities to both countries. Guwahati, considered the Gateway to Southeast Asia, has an international airport with direct flights connecting Bangkok and Singapore, Singh said while addressing a session on investment and trade at the North East India Festival here. "All eight North East states are well connected by air, land and rail with other parts of India. I invite airlines from Vietnam to explore possibilities of connecting NE states with cities by air," he said. Singh said that India and Vietnam are long-standing friends with their bilateral relations and friendship rooted in shared history. He said the relation has been further strengthened by India's Act East Policy. "It has further fostered its strategic relationship promoting economic cooperat

India-Vietnam strategic partnership a source of stability: EAM Jaishankar

External Affairs Minister S Jaishankar on Wednesday said the comprehensive strategic partnership between India and Vietnam was emerging as a source of security, stability and progress in the region. Jaishankar was speaking when he visited the Indian sail training ship INS Sudarshini, which was on a port call coinciding with his four-day official visit to Vietnam. Vietnam is the only nation to which India has gifted a fully operational missile corvette INS Kirpan. The joint commission that I see further deepens our defence relations. So, today as INS Sudarshini docks in Ho Chi Minh City, let me say that the strong and favourable winds of our growing partnership will fill our sails that will help synchronise our efforts in order to race ahead, the Minister said addressing the gathering on board the INS Sudarshini. From what I understood from the briefing, this training ship highlights the importance of discipline, hard work, ability to adapt, competence to the right press, and the ...

Skoda Auto Volkswagen India to commence exports to Vietnam from 2024

koda Auto Volkswagen India Pvt Ltd on Tuesday said it will start exports to Vietnam from 2024 as part of its strategy to accelerate export operations in the ASEAN region. The company, which has inaugurated its parts expedition centre (PEC) at the Volkswagen group's headquarters in Chakan, Pune, said 'made-in-India' kits will be shipped from India to Vietnam for final production. The centre is spread over 16,800 square feet and it has an initial capacity of 27,000 car sets annually for Vietnam and has the infrastructure to scale up to 40,000 car sets annually, koda Auto Volkswagen India Pvt Ltd (SAVWIPL) said in a statement. "With the opening of the parts expedition centre, we are building a bridge between India and Vietnam and setting the stage to unleash significant synergies between these two key markets," koda Auto Board Member for Production and Logistics Andreas Dick said. While Vietnam will be the first phase, the PEC is geared to serve several emerging markets in the ASEAN .

Cooperation in Indo-Pacific in interests of India and Vietnam: Jaishankar

External Affairs Minister S Jaishankar on Monday said that the cooperation in the Indo-Pacific region is in the shared interests of India and Vietnam as he underlined the significance of ASEAN centrality and highlighted the contribution of the Quad grouping. Jaishankar, who arrived in Vietnam on Sunday on a four-day official visit, made the remarks during his address to the Diplomatic Academy of Vietnam on India in the Indo-Pacific. "Discussed why cooperating in the Indo-Pacific construct is in our shared interests. Underlined the significance of ASEAN centrality and highlighted the contribution of the Quad, the minister said in a post on platform X. Brought out how India and Vietnam, with their independent mindset, can promote a multipolar and rules-based global order, he added. The US, India, Japan and Australia compose the Quad, a four-way grouping. They have been stepping up cooperation in various fields such as defence and energy amid China's increasing military and economic .

EAM Jaishankar unveils Rabindranath Tagore's bust in Bac Ninh, Vietnam

India and Vietnam share profound historical connections dating back almost 2,000 years which are rooted in Buddhism, External Affairs Minister S Jaishankar said on Sunday as he inaugurated a bust of Nobel Laureate writer-poet Rabindranath Tagore in Bac Ninh city. Jaishankar extended his gratitude to the leadership of Bac Ninh province, which lies to the east of Hanoi, for their support for installing Tagore's bust. "India and Vietnam have profound historical connections dating back almost 2000 years, which are rooted in the legacy of Buddhism. Bac Ninh province is also a part of this ancient tradition. Historical records validate Indian monks played a significant role in introducing Buddhism to Vietnam," he said. "Today marks the addition of a remarkable memorial honouring an exceptional Indian personality Gurudev Rabindranath Tagore, himself a renowned painter, educator, humanist, music composer and a very profound thinker," he said at the inaugural ceremony. Jaishankar said he fe

EAM Jaishankar in Vietnam for visit, to co-chair 18th Joint Commission meet

Jaishankar received a warm personal welcome from Vietnam Minister of Foreign Affairs, Bui Thanh Son at Tran Quoc pagoda

EAM Jaishankar to embark on 6-day visit to Vietnam, Singapore

External Affairs Minister S Jaishankar will embark on a six-day visit to Vietnam and Singapore from Sunday to shore up bilateral cooperation in diverse areas. In the first leg of his visit, Jaishankar will visit Vietnam from October 15 to 18 to discuss ways to review the progress in several areas and discuss ways to further enhance cooperation, the Ministry of External Affairs (MEA) said on Saturday. Jaishankar's visit to the strategically-located Southeast Asian country comes less than three months after India gifted missile corvette INS Kirpan to the Vietnamese armed forces, in reflection of the growing bilateral strategic partnership amid common concerns over China's increasingly aggressive behaviour in the South China Sea. It was for the first time that India handed over a fully-operational corvette to any friendly foreign country. "India and Vietnam share a robust comprehensive strategic partnership. Vietnam is a key member of our Act East Policy. The external affairs minister

Vietnam's Beach Escapes: Sun, Sand, and Sea in Tour Packages

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Alternatives to China: Vietnam, India slug it out for semicon investments

Vietnam has garnered investments of over $5 billion in the semiconductor space, which have been publicly announced or are in various stages of implementation

VinFast Auto earmarks $200 mn for assembly units in India, Indonesia

Vietnam's electric car maker VinFast Auto on Thursday said it is planning to invest up to USD 200 million (nearly Rs 1,665 crore) to set up assembly units in India and Indonesia with production expected to commence by 2026. VinFast, a competitor of American electric carmaker Tesla, "is aiming to access the tremendous potential for increased EV adoption in India and Indonesia where EV penetration is currently only 1 per cent", the company said, citing media reports in its third quarter earnings statement. "The establishment of VinFast facilities in these local markets can provide access to government incentives for local manufacturing, relief from certain tariffs and taxes and access to raw materials at attractive rates," it said. Each CKD (completely knocked down) facility in "Indonesia and India has a planned total capacity of up to 50,000 cars per year and an estimated total capital expenditure of USD 150-200 million in phase 1", the company said, adding, "Production is expected t

Vietnam's Vietjet to launch more services to India to tap growing interest

As Vietnam is largely becoming an emerging tourism destination for Indian travellers, Vietjet, the country's largest private carrier, is getting ready to tap this growing interest by expanding its service to India connecting more cities. A new route connecting Tiruchirappalli (Tamil Nadu) and Ho Chi Minh City is expected to be launched this November, airline authorities said here. Direct flight services from Kerala's Kochi to Ho Chi Minh City had already been launched by the private carrier from Cochin International Airport in August. A senior airline official said here that Vietjet currently has 32 return flights servicing India each week. "From November, Vietjet is expected to launch a new route connecting Tiruchirappalli and Ho Chi Minh City and we have plans to have an initial frequency of three return flights per week, in order to meet rising demand from travellers in both countries," the official, who doesn't want to be named, said. Vietjet would like to eventually expand it

Biden's statement: Battle of perceptions

Was President Biden's statement in Vietnam on discussing human rights and civil society issues with PM Modi perfunctory appeasement of his domestic constituency or another example of US interference?

12 killed in Vietnam's Hanoi after fire burns 9-storey apartment building

A fire in a nine-story apartment building in Vietnam's capital killed about 12 people and injured more than 50, state media reported Wednesday. The fire has been extinguished and rescue operations were continuing, the official Vietnam News Agency reported. Authorities have not confirmed an exact death toll. The fire was believed to have started late Tuesday and rescuers struggled to reach the building on a narrow lane in south Hanoi. It wasn't immediately clear how much of the building had burned. It was home to 150 residents, and 54 of the 70 people rescued from the fire were hospitalized for their injuries, state media said. Authorities were investigating the cause of the fire. A deadly fire at a karaoke parlor in southern Vietnam's Binh Duong province killed 32 people last year.

Biden wraps Vietnam visit by talking with biz leaders and visiting memorial

President Joe Biden was wrapping up a visit to Vietnam on Monday, meeting with Vietnamese government officials and business leaders and spotlighting new deals and partnerships between the two countries. He'll also visit a Hanoi memorial honouring his late friend and colleague Sen. John McCain, who was held for more than five years as a prisoner during the Vietnam War. Biden met with Prime Minister Pham Minh Chnh, who also accompanied Biden to a quick drop by at a meeting of business leaders. Biden also sat down with President V Van Thuong, who hosted the US president for a formal state luncheon. Biden spoke about strengthening Vietnam's semiconductor industry and his administration's commitment to an open Pacific. My message today is quite simple. Let's keep it up," Biden told the CEOs. We need to develop and drive our collaboration, We need to forge new partnerships. The prime minister also stressed the need to improve cooperation and said the sky is the limit for the expanding

US outreach to Vietnam about providing stability, says President Biden

President Joe Biden said Sunday his visit to Vietnam to showcase stronger ties with Hanoi was not about trying to start a cold war with China, but rather was part of a broader effort to provide global stability by building US relationships throughout Asia at a time of tensions with Beijing. It's not about containing China, Biden said at a news conference in Vietnam's capital after attending the Group of 20 summit in India. It's about having a stable base. The American president came to Hanoi as Vietnam was elevating the United States to its highest diplomatic status, comprehensive strategic partner. That is evidence of how far the relationship has evolved from what Biden referred to as the bitter past of the Vietnam War. The expanded partnership reflects a broader effort across Asia to counter China's influence. Biden has said Vietnam wants to flex a degree of independence, and U.S. companies are seeking an alternative to imports from Chinese factories. He is pursuing possible allie

Vietnam chases secret Russian arms deal, even as President Biden flies in

Vietnam Air, Boeing near $10 bn deal

Biden opens Vietnam visit by saying 2 countries are 'critical partners'

President Joe Biden opened a brief visit to Vietnam on Sunday by telling the country's leadership that the two nations have a chance to shape the Indo-Pacific for decades to come. Biden said he hoped progress could be made on climate, the economy and other issues during his 24-hour visit. Vietnam and the US are critical partners at what I would argue is a very critical time, Biden told Nguyen Phu Trong, general secretary of the Communist Party of Vietnam, during the public portion of their meeting at party headquarters. Trong agreed that their meeting presented an excellent opportunity to expand bilateral ties. He thanked Biden for inviting him to visit Washington soon. Vietnam is elevating its relationship with the US to the status of being a comprehensive strategic partner, which one of Biden's top national security advisers said represents Vietnam's highest tier of international partnership. Other countries that Vietnam has extended the designation to include China and Russia.

G20 Summit 2023: Key takeaways from US President Joe Biden's India visit

Biden landed in New Delhi on Friday for the G20 Summit and departed for his visit to Vietnam on Sunday. Here are the key takeaways from his India visit

US President Biden leaves for Vietnam after concluding India visit

US President Joe Biden left for Vietnam after he and several other G20 leaders paid homage at Mahatma Gandhi's memorial Rajghat here on Sunday morning. On his first visit to India as the US President, Biden arrived in the national capital on Friday to attend the two-day G20 summit and held talks with Prime Minister Narendra Modi the same day. In their over 50-minute talks, Modi and Biden vowed to "deepen and diversify" the bilateral major defence partnership while welcoming forward movement in India's procurement of 31 drones and joint development of jet engines. Biden also participated in key sessions of the G20 Summit on Saturday.