Page 4 - Vietnam

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

Samsung mulls shifting production from Vietnam to India amid US tariffs

Vietnam serves as a key manufacturing hub for Samsung, with the company exporting over $52 billion worth of mobile phones and spare parts in financial year 2024

In China's backyard, steel buyer Vietnam tries to stem tide of cheap metal

Vietnam's metal industry has grown to meet the needs of a country that is rapidly building out manufacturing capacity, metro networks, highways and new airports, along with most of Southeast Asia

Alphabet may shift Pixel production to India amid US tariffs on Vietnam

Alphabet is considering moving part of its Pixel phone manufacturing from Vietnam to India to serve US markets, as tariffs make Vietnam less competitive

India's agrifoodtech startups raised $2.5 bn in 2024, 3X rise from 2023

Investments in India's agrifoodtech startups jumped over 3-fold to USD 2.5 billion last year, driven by funds raised by quick commerce company Zepto, according to a report. Omnivore, in collaboration with AgFunder, a global investment platform, on Wednesday released a report titled 'Developing Markets AgriFoodTech Investment Report 2025'. As per the report, investment in India's agrifoodtech startups stood at USD 2.5 billion in 2024 as against USD 806 million in the preceding year. Zepto raised USD 1.4 billion last year in multiple rounds. "Top rounds for India in 2024 highlight continued investment into eGrocery and restaurant-related startups, which are well-suited to the country given its dense urban settings and high population. Midstream Technologies has also been a high-performing category for India agrifoodtech investment," the report said. According to a statement, agrifoodtech investment in developing markets reached USD 3.7 billion in 2024, up 63 per cent from 2023 and .

JSW Steel to invest ₹50,000 cr for 10 MTPA green steel for Europe

JSW Steel will be investing over Rs 50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country's financial capital, a top official said on Tuesday. "We will be investing Rs 50,000-60,000 crore for the green steel capacity," Jindal told reporters on the sidelines of an event here. He said this will be a brownfield investment at its plant in Raigad district's Salav and the investment will happen over the next three-four years. In March, the company had announced plans to increase the green steel capacity at Salav to 4 MTPA in phases. The investment is necessitated because of a European mandate on green steel, and Jindal said the 10 MTPA capacity will emit a fifth of the carbon as used by conventional plants currently. Jindal also said that China and Vietnam are trying to dump steel into India, and expected the "vigilant" Government to slap safeguard duties to protect domestic steel makers like his company in a few days. Denying notions of

Vietnam's exporters scramble to fulfil order surge amid 90-day tariff pause

Businesses that had seen demand dry up just weeks ago are now overwhelmed with urgent shipment orders from US buyers

China will ensure stable diplomatic ties with neighbourhood: Xi Jinping

Visiting Vietnam to enhance political and trade ties amid a major tariff row with the US, Chinese President Xi Jinping Monday said that China will ensure continuity and stability in its neighbourhood diplomacy and jointly advance the modernisation of Asia. Xi arrived in Hanoi on his first visit abroad after US President Donald Trump slapped steep tariffs against China while pausing levies on a host of other countries, including Vietnam, Malaysia and Cambodia - the three countries on the Chinese president's current itinerary. In an article published in Vietnam's Nhan Dan newspaper ahead of his visit, Xi said China would deepen friendly cooperation with neighbouring countries by ensuring continuity and stability of its neighbourhood diplomacy. We will stay committed to the principle of amity, sincerity, mutual benefit and inclusiveness," he wrote. "We will continue to pursue the policy of forging friendship and partnership with our neighbours," he added. Xi, who is under pressure aft

Xi Jinping calls for stronger China-Vietnam industrial ties amid trade war

Chinese President Xi Jinping has embarked on his first international trip to meet with leaders in Vietnam, Malaysia, and Cambodia amid US trade war

Xi heads to Southeast Asia to rally support amid Trump's tariff offensive

As Trump intensifies tariffs on Chinese goods, Xi Jinping will visit Vietnam, Malaysia and Cambodia next week to strengthen regional alliances and counter US pressure

Govt will evaluate response if China, Vietnam resort to dumping: S Krishnan

As of now, electronics goods manufacturers in India are not "overly" concerned about the recent tariff hikes

Vietnam plans golden visa to draw global investors and skilled migrants

The proposal comes as Vietnam reports a near full recovery in international tourism, reaching 98% of pre-pandemic levels

Trump speaks with India, Vietnam, Israel on trade deals ahead of deadline

While US President Donald Trump had initially framed tariffs as non-negotiable, he later hinted at possible compromises

Southeast Asian nations rush to avert tariff pain by accomodating Trump

Vietnam, Cambodia and Indonesia signalled willingness to negotiate Trump's new reciprocal tariffs, while Singapore said it has no plans to retaliate against the US trade measures

Trump imposes heavy tariffs on Cambodia, Vietnam: Why is China to blame?

During Donald Trump's Rose Garden speech, a key surprise was the high tariffs on Cambodia and Vietnam, which the White House says China uses to bypass US trade penalties

India better off than key export rivals China, Vietnam: ICEA on US tariffs

The imposition of 27 per cent tariffs by the US still positions India more favourably compared to electronics export rivals like China, Vietnam, and Indonesia, as these nations face even higher rates, according to the India Cellular and Electronics Association (ICEA). That said, the true long-term inflection point for India's electronics trade with the US will hinge on the successful conclusion of a bilateral trade pact, the industry body said. The comment assumes significance as the US has slapped a 27 per cent tariff on imports from India. "While some countries like Brazil and Egypt enjoy marginally better tariff outcomes, India's positioning, particularly with China and Vietnam facing combined tariffs of up to 54-79 per cent, (China) and Vietnam at 46 per cent offers a valuable near-term window of export competitiveness," Pankaj Mohindroo, Chairman of ICEA said. He, however, added in the same breath that "the true long-term inflection point for India's electronics trade with the

SpaceX likely plans Starlink hub with multiple ground stations in Vietnam

The possible investment follows Vietnam's decision, amid US tariff risks, to allow Starlink to operate under a five-year pilot programme

Reciprocal tariffs: India, Thailand most impacted in Asia, says Nomura

On Wednesday, US president Donald Trump reiterated his stance to impose reciprocal tariffs on counties, including India from April 02, 2025, during his address to the Congress

Vietnam greenlights $8 billion rail project to strengthen China trade ties

Vietnam approves a massive $8 billion railway linking Haiphong to China, aiming to enhance trade, ease transport bottlenecks, and strengthen economic ties with Beijing