Page 4 - Vietnam

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

Vietnam to launch visa-on-arrival for Indian and other tourists soon

Vietnam has seen a sharp rise in Indian tourists in recent years. According to official data, over 250,000 Indian travellers visited Vietnam in 2023

Vietnam endorses sweeping reforms to spur economic growth, job market

The vote was passed Tuesday at an extraordinary meeting of the National Assembly in Hanoi

New season supplies keep India, Vietnam rice prices at multi-month lows

India's 5% broken parboiled variety was quoted at $416-$425 per metric ton this week, down from last week's $418-$428

Exim Bank to provide $300 mn credit to Vietnam for boats, patrol vessels

The Export Import Bank of India will provide lines of credit totalling USD 300 million to Vietnam for procuring high-speed guard boats and offshore patrol vessels. The Exim Bank had entered into an agreement on July 31, 2024 with the Government of the Socialist Republic of Vietnam (GO-VNM), for making available to the latter, Government of India supported Line of Credit (LoC) of USD 180 million for procurement of four Offshore Patrol Vessels (OPV), the Reserve Bank said. The bank had also entered into an agreement with GO-VNM for making available to the latter, India supported LoC of USD 120 million for procurement of high-speed guard boats, it said in another circular. Both agreements are effective from January 20, 2025 and the last date for disbursement will be 60 months after the scheduled completion date of the project. The export of eligible goods and services from India would be allowed subject to the Foreign Trade Policy.

Vietnam's VinFast to launch 2 premium electric SUVs in India in 2025

Vietnam's electric vehicle maker VinFast Auto on Saturday said its two electric SUVs -- VF 7 and VF 6 -- will hit the Indian market later this year to mark its foray into the country, which it says has a huge growth potential. The company, which is investing USD 500 million to set up its manufacturing plant at Tuticorin in Tamil Nadu, expects completion of the facility in the second half of 2025 after which it will launch the products. It is also in talks with the government for its investment in India to be considered for incentives under the new EV policy and is looking to export EVs produced in India to the Middle East and African markets. "We hope that it (Tuticorin plant) will be completed by the end of H1 or H2 beginning of 2025, then we can launch our cars," VinFast Asia CEO Pham Sanh Chau said here in an interaction. "This year, we will launch two products," he said when asked about the product launch plans of the company in India. Stressing that the premium SUVs VF 7 and

Vietnam mulls removing barriers for China-made aircraft to be operational

COMAC has been eyeing Vietnam as a potential market for some time, and conducted a southeast Asia marketing tour last February, during which it flew two demonstration planes to the country

Will help Vietnam become 'partner country' in Brics bloc, says Russia

Russia will facilitate Vietnam's participation in the BRICS bloc of developing economies as a partner country, the countries said in a joint statement on Wednesday after Russian Prime Minister Mikhail Mishustin's two-day visit to Hanoi. The Russian side welcomed Vietnam's active participation in BRICS events in 2024 and expressed its readiness to create favourable conditions if Vietnam joins BRICS as a partner country, the statement said. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialised nations. Last year, the bloc added Iran, Egypt, Ethiopia and the United Arab Emirates. Saudi Arabia has been invited to join. Turkiye, Azerbaijan and Malaysia have formally applied to become members, and a few others have expressed interest. Vietnam's Southeast Asian neighbour Indonesia was admitted as a full BRICS member this month. But Vietnam remains reticent to join the bloc, said Nguyen