Page 6 - Vietnam

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

Vietnam to work with Brics as PM Chinh meets with China, Russia leaders

Chinh fell short of stating Vietnam's explicit interest in joining the club, a move that could bring the Communist-run southeast Asian nation closer to China and Russia

Vietnam appoints Army General Cuong as new President after long turmoil

Vietnam elected Luong Cuong, a military general, as its new president on Monday, the fourth official to fill the role in 18 months. Cuong, 67, was elected by the National Assembly to replace To Lam, who remained president even after he was formally appointed as the general secretary of the ruling Communist Party in August. The role of the general secretary is the most powerful position in Vietnam while the presidency is largely ceremonial. Cuong, who has served in the Vietnamese army for over four decades, has been a Politburo member since 2021. His appointment took place after months of uncharacteristic tumult in Vietnam's politics and the death of former party general secretary Nguyen Phu Trong, who had dominated the country's leadership since 2011. Trong was an ideologue who viewed corruption as the single gravest threat in maintaining the party's legitimacy and launched a sweeping anti-graft campaign known as the blazing furnace. It singled both business and political elites,

Vietnamese real estate tycoon found guilty of fraud in govt graft crackdown

A Vietnamese real estate tycoon was convicted Thursday of fraudulently obtaining property worth billions of dollars in a case that has been a centrepiece of the government's crackdown on corruption. Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to UDS 12.5 billion nearly 3 per cent of the country's gross domestic product in a separate case and sentenced to death by lethal injection. The trials were broken into two parts due to the number of allegations against her, and Thursday's verdict, which carries a maximum penalty of life in prison, adds to Lan's legal troubles as she awaits the appeal of her death sentence to be heard. Vietnam has handed down more than 2,000 death sentences in the past decades and executed more than 400 prisoners. It is a possible sentence for 14 different crimes but is generally only applied in cases of murder and drug trafficking. Standing here today is a price too expensive for me to pay. I consider t

Meta looks to expand production of mixed reality headsets in Vietnam

Meta also said it would soon begin testing Meta AI in Vietnamese, having started its Business AI for Messenger testing in the country in June, with its full launch by the end of this year

Vietnam says Elon Musk's SpaceX has plans for $15 bn Starlink investment

Last year's talks were stymied by questions about ownership of the company SpaceX would have to set up in Vietnam

Vietnamese, US firms sign MoUs on energy, AI, data centre: Vietnam govt

Vietnam has long sought an upgrade, which would reduce punitive anti-dumping duties levied on non-market economies identified as having a heavy state influence

PM Modi meets Vietnam's President To Lam, discusses ways to bolster ties

Prime Minister Narendra Modi on Monday met Vietnamese President To Lam on the sidelines of UNGA here and discussed ways to enhance the ties between the two countries and add momentum in sectors such as connectivity, trade, and culture. Modi is in New York on the second leg of his three-day US visit where he addressed the UN's Summit of the Future held against the backdrop of raging global conflicts. On the sidelines of the United Nations General Assembly, Modi met To Lam. "Met To Lam, the President of Vietnam. We took stock of the full range of India-Vietnam friendship. We look forward to adding momentum in sectors such as connectivity, trade, culture and more," Modi posted on X. Both the leaders also discussed ways to enhance the friendship between the two countries. "PM @narendramodi met President To Lam of Vietnam today, on the sidelines of UNGA in New York. The leaders discussed ways to further enhance the Indian-Vietnam Comprehensive Strategic Partnership and exchanged views

Samsung invests $1.8 bn more in Vietnam for OLED manufacturing plant

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies

Vietnam aims for one semiconductor fab plant, 10 packaging plants by 2030

The country's semiconductor industry is targeting revenue of $25 billion by 2030, the government said in a statement

Vietnam's Communist Party chief Lam to meet Google, Meta in US next week

The US-ASEAN Business Council (USABC), which is one of the organisers of the Sept. 23 event, declined to share a list of participants

Inside US push to steer Vietnam's subsea cable plans away from China

Reuters was unable to learn more about the intelligence suggesting sabotage

'Operation Sadbhav': India sends aid to typhoon-hit Myanmar, Vietnam, Laos

Typhoon Yagi: India dispatched 10 tonnes of aid to Myanmar via INS Satpura, while an Indian Air Force C-130J aircraft is delivering 35 tonnes to Vietnam and another 10 tonnes to Laos as part of relief

Typhoon Yagi costs Vietnam $1.6 billion, may lower growth: Officials

The typhoon, which made landfall on Sept. 7, killed at least 292 people and left 38 missing as of Monday morning, according to data from Vietnam's disaster agency