Page 5 - Vietnam

Vietnam, Russia sign agreement to boost cooperation on nuclear energy

Vietnam and Russia inked Tuesday an agreement to boost cooperation on nuclear energy during Russian Prime Minister Mikhail Mishustin's two-day visit to Hanoi. The Southeast Asian country has been trying to revive its nuclear energy plans after it shelved building two nuclear power plants in 2016 due to ballooning costs and concerns around safety hoping it will help it become energy-sufficient and reach its goal of curbing additional greenhouse emissions by 2050. The agreement was signed between Russia's state-owned nuclear energy company Rosatom and Vietnam's state-owned power utility EVN. Mishustin also held bilateral talks with his counterpart Pham Minh Chinh and met Vietnam's Communist Party chief To Lam and the chairman of Vietnam's National Assembly Tran Thanh Man. Vietnam is an important partner of Russia in Southeast Asia," Mishustin said. Today we plan to discuss with you a comprehensive plan for cooperation between Russia and Vietnam, which runs until 2030. He is set to

India, Indonesia set for travel 'bonanza' as middle classes expand

Asia has seen a rather slow post-pandemic recovery compared to other parts of the world, held back by sluggish growth in its biggest economy, China

Vietnam's 2024 GDP growth accelerates to 7.09% driven by strong exports

GDP grew 7.55 per cent in the fourth quarter, the fastest quarterly growth in more than two years, the General Statistics Office said in a report

Vietnam launches second trial over Covid-19 flight bribery scandal

The prosecutions are part of a sweeping anti-graft campaign that has touched the highest levels of government, leading to the resignation of two presidents

Winter getaway: Thailand leads despite 51% rise in flight fares from India

While destinations like Thailand, Vietnam, and Bali have seen an 80-100% surge in flight bookings, the Maldives has dropped out of the top-searched destinations

Extreme heat, high temperature puts garment factory workers at risk: Study

Report identified only three retailers - Nike, Levi's, and VF Corp - which specifically include protocols to protect workers from heat exhaustion in their supplier codes of conduct

India, Vietnam hold 3rd security talks, boost ties against terrorism, crime

Two sides exchanged views on global and regional security and the implementation of aspects of the Action Plan for the India - Viet Nam Comprehensive Strategic Partnership

Nvidia, Vietnam govt sign pact to jointly build AI research, data centres

Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal

Vietnam suspends Chinese online retailer Temu as it fails to register

Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume its business once it registers. The suspension comes after the ministry had raised concerns about the authenticity of Temu's extremely cheap products and their impact on Vietnamese manufacturers. Temu said Thursday it was working with the Vietnam E-commerce and Digital Economy Agency and the Ministry of Industry and Trade to register its e-commerce services and had submitted required documents. Temu began selling goods in Vietnam in October with aggressive discounts and free shipping. The government had warned the company that its app and website would be blocked if it did not register before an end-of-November deadline, official Vietnam News Agency cited the Ministry of Industry and Trade as saying. On Thursday, Vietnamese ...

Vietnam upholds tycoon Truong My Lan's death sentence unless she pays $9 bn

Real estate tycoon Truong My La has been ordered to pay three-quarters of the amount she is accused of defrauding to have her ruling reduced to a life sentence

Vietnamese Mogul Truong Lan told to repay missing billions to save her life

Prosecutors have so far argued against leniency at her hearing in Ho Chi Minh City unless she finds a way to return a significant chunk of the 415.7 trillion dong

Iran, Israel among rivals to showcase their arms at Vietnam defence expo

China's state-owned defence giant Norinco Group, which is subject to U.S. sanctions, will attend, Le Quang Tuyen, deputy head of the defence industry department, said on the sidelines

Chinese defence firms to join Vietnam arms fair as military ties grow

The two countries are close economic partners but have long been embroiled in maritime disputes in the South China Sea, where they have overlapping claims. They also fought a brief border war in 1979

Ongoing military exercise VINBAX-24 at Ambala to boost Indo-Vietnam ties

The 5th Edition of "VINBAX 2024" is being conducted from November 4 to 23 at Ambala and Chandimandir

India's domestic air tariff up 43% in 5 years, just behind Vietnam

The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting

After SpaceX's requests, Taiwanese suppliers move manufacturing abroad

A second source who collaborates with Taiwanese satellite component makers on the island said suppliers were directly asked by SpaceX to transfer manufacturing abroad

Foxconn subsidiary seeks $80 mn Vietnam investment for integrated circuits

Foxconn, formally known as Hon Hai Precision Industry, already has major operations in Vietnam

US tech firms warn Vietnam's law to hamper data centres, social media

The draft law, being discussed in parliament, is also designed to ease authorities' access to information

Water tech company AO Smith completes acquiring Pureit Business from HUL

Global water technology company A.O. Smith Corporation on Friday announced the completion of the acquisition of FMCG major HUL's water purification business Pureit. HUL, in a regulatory filing, said it has "completed the sale and divestment of its water purification business carried under the brand Pureit'." Pureit offers a broad range of residential water purification solutions across India, Bangladesh, Sri Lanka, Vietnam and Mexico, among others. HUL in July this year announced the sale of its water purification business to AO Smith India Water Products for USD 72 million (about Rs 600 crore), as part of a global transaction by its parent Unilever. While AO Smith Corporation, in a statement had said the purchase price would be approximately USD 120 million in cash, subject to customary adjustments. Commenting on the completion of the acquisition, A. O. Smith Chairman and CEO K J Wheeler said, "This acquisition aligns with our strategy of adding scale and enhances our premium wate

Clash of titans: Samsung in Vietnam and Apple in India race for market lead

Apple Inc exported iPhones worth $10 bn from India in FY24, a fifth of what Samsung achieved last year in Vietnam