Page 9 - Vietnam

Apple to ramp up investments on suppliers in manufacturing hub Vietnam

Vietnam is already a key manufacturing hub for Apple and Cook was speaking while meeting Vietnamese Prime Minister Pham Minh Chinh, state media reported

Apple CEO Tim Cook wants to spend more on suppliers in Vietnam: Report

Cook arrived in Hanoi on Monday for the two-day visit during which he met suppliers, students, content creators and users of Apple products

Solo travel to countries like UAE, Egypt, Vietnam gaining footing: Report

More and more Indians are looking for solo travelling to countries like the UAE, Egypt, Singapore and Vietnam, a report said on Tuesday. Solo travellers represented about 65 per cent of visa applications for the UAE, 60 per cent for Egypt, 40 per cent for Singapore and 45 per cent for Vietnam, according to a report by online platform for visa applications Atlys. The report is based on visa applications submitted for processing for travelling during summer this year on Atlys platform. Atlys is a mobile visa application app that has e-visa mandate for over 133 countries. When it came to group tours, around 20 per cent of visa applications for such trips were for the UAE, 30 per cent for Egypt, 25 per cent for Singapore, and 20 per cent for Vietnam, it added. The report further found that men dominated the visa application scene, with 77 per cent applying for the UAE, and 71 per cent for Singapore. Meanwhile, 30 per cent of women travellers applied for Singapore visas and 25 per cen

ICG ship makes port call in Vietnam on overseas deployment to Asean nations

Indian Coast Guard ship Samudra Paheredar, a specialised Pollution Control Vessel, on Tuesday made a port call at Ho Chi Minh in Vietnam as part of its ongoing overseas deployment to theEAN countries, officials said. This deployment is a testimony to the ICG's commitment to "bolster bilateral relationships" and "enhance international cooperation" with friendly countries, the Defence Ministry said in a statement. "The deployment of Samudra Paheredar to theEAN region reflects India's shared concern and resolve towards marine pollution, promoting safety and security through maritime cooperation. Prior to Ho Chi Minh, the vessel had visited Manila, Philippines, to demonstrate a seamless continuation of diplomatic maritime engagements in theEAN region," it said. The ship is equipped with specialised marine pollution control equipment and a Chetak Helicopter in pollution response configuration, designed to contain and recover spilled oil and augment the operation. The ICG ship is on an .

Australian, Vietnamese PMs elevate their nations' economic relations

Australian and Vietnamese prime ministers on Thursday discussed ways of improving an already booming economic relationship, as part of Australia's strategy to diversify trade away from China. Vietnamese Pham Minh Chinh's official state visit came after he attended a summit of Southeast Asian leaders this week co-chaired by his Australian counterpart Anthony Albanese and Laotian Prime Minister Sonexay Siphandone. The Vietnam bilateral relationship has proved a success in Australia's hedge against Chinese economic moves. Australia says China's official and unofficial trade barriers have cost Australian exporters up to 20 billion Australian dollars (USD 13 billion) a year since 2020, though those steps have been relaxed gradually since Albanese's government came to power in 2022. Albanese said trade between Australia and Vietnam had increased 75 per cent in two years to USD 25.7 billion in 2022, the most recent year for which data was available. Vietnam had become Australia's ...

How realtor wove $12 billion tapestry of fraud - the biggest in Vietnam

The country's largest-ever fraud case is among a slew of high-profile proceedings following from the Communist Party of Vietnam's crackdown on corruption

How India is betting big on the global outsourced semiconductor play

The Cabinet today cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner

SpaceX plan to provide communication svcs to Vietnam over Starlink on hold

A Vietnamese official confirmed that SpaceX and information ministry representatives had held several meetings from at least the middle of last year until November 2023

Vietnam imports husked brown rice from India for re-exports: Reports

Vietnam, the world's third biggest rice exporter, has imported at least 200,000 metric tons of husked brown rice from India between December and February, the sources said

VinFast kicks off Tamil Nadu unit construction, seeks cut in import duty

The project aims to evolve into a first-class electric vehicle production hub in the region, with an annual capacity of up to 150,000 units

Vietnam aims to produce 100,000-500,000 MT tons of hydrogen a year by 2030

The production, distribution and usage of hydrogen will help "meet the country's national targets for climate change, green growth and to meet its net zero target by 2050," the document said

India's true manufacturing rival is Vietnam, not China

For India to succeed, it needs to start thinking outward, which means understanding that the investment and business environment there isn't competitive

India must realise that its true manufacturing rival is Vietnam, not China

If you tax inputs, you are taxing your outputs, Garcetti noted. "You are not taxing us, you are not protecting the market. What you are doing is limiting a market."

Marriott International adds 12 properties with 1,431 rooms in India in 2023

Global hospitality group Marriott International on Wednesday said they added 12 properties in India in 2023 and over 60 in the Asia Pacific region, excluding China. This addition has brought the company's presence to more than 560 operating hotels and residences, and exceeded 10 per cent net rooms growth compared to 2022, the hospitality group said in a statement. In the last year, Marriott added over 60 properties to its portfolio, particularly in key travel markets such as Japan, India, and Vietnam, it said. The 12 hotels in India have approximately 1,431 rooms, as per the statement. The company also signed over 80 deals across 13 markets, representing approximately 18,000 rooms. At the end of 2023, Marriott's development pipeline for the region stood at over 320 hotels with over 69,000 rooms, it said. In 2023, 15 per cent of the deals signed in APEC were in the luxury segment and a record nine luxury hotels were opened in the region, including The Ritz-Carlton, Melbourne, whic

Boeing to boost manufacturing in Vietnam as supplier builds plant

KP Aero will be formally granted later this week the authorisation to invest $20 million in Vietnam, authorities in the central city of Danang said in a media statement on Wednesday

A slowing domestic mobile phone mkt presents challenges to Meity's targets

In spite of PLI incentives, India's gap with China, Vietnam is not fully bridged, leaving a gap of 4-5%. However, if tariffs are brought down, ICEA estimates that exports will go up to $50 bn by FY27

VinFast signs deal for Rs 16,000 crore integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

VinFast to come up with $2 bn integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

VinFast to set up its first EV manufacturing unit worth $500 mn in India

Construction on the project's EV and battery manufacturing plants is expected to start this year and generate 3,000 to 3,500 jobs locally, the statement said

Zomato begins liquidation of its Vietnam-based step-down subsidiary

Zomato's revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2, up from Rs 1,661 a year ago. It had reported a revenue of Rs 2,416 in the previous quarter