Vietnam Financial News

Marico Ltd, which beat estimates in Q2, flagged concerns regarding food price hikes and retail inflation on Tuesday in its Q2 exchange filing. The homegrown FMCG further noted that these concerns will be monitored in the near term. However, the company expects encouraging demand trends owing to above-normal monsoon season, the Centre's budgetary allocations towards boosting the rural economy and upcoming festive season. «Amidst the backdrop of improving macro-indicators, we expect a gradual uptick in the growth of our core categories in the domestic business through the ongoing initiatives to enhance the profitability of our General Trade (GT) channel partners and transformative expansion in our direct reach footprint under Project SETU,» it said in its filing.

As the government considers imposing additional duties to curb the influx of cheaper steel imports, which are impacting domestic producers, the Engineering Export Promotion Council of India (EEPC India) as well as steel producer Jindal Steel have voiced their concerns about the potential effects of these protectionist measures. EEPC India, the organisation advocating for engineering goods exporters, is against limiting steel imports from cost-effective markets. According to the council, curbing steel imports from China will severely impact the engineering goods sector, especially MSMEs, which depend on competitively priced steel to sustain operations. “It is imperative to keep domestic steel prices competitive. The price differential between Chinese steel and Indian-produced steel is significant. This price advantage enables downstream industries, especially MSMEs, to remain competitive in domestic and global markets,” says Arun Kumar Garodia, Chairman of EEPC India.

Subscribe to enjoy similar stories. Israel’s airstrikes early Saturday didn’t just destroy critical Iranian military infrastructure. They also battered the reputation of Russian military equipment, which has already been pummeled by poor performance during Moscow’s invasion of Ukraine.

Subscribe to enjoy similar stories. Creators are looking forward to "a wave of brand deals" headed their way with YouTube now allowing them to place product links in their videos. They can now earn a commission on sales of products that shoppers can now directly buy while watching a video, without leaving the app.

Subscribe to enjoy similar stories. NEW YORK—Twenty-five stories above Fifth Avenue in his sun-streaked corner office, Eric Trump talks about dazzling hotels and golf resorts in Oman and Indonesia, and a freshly signed development deal in Vietnam. Plans for Israel are on hold, given the war in Gaza, but “we’re going into Israel in a big way in the future." What happens if his father returns to the White House? “It’s too early to tell," said the second-born son of Donald Trump who helms the Trump Organization.

Trump wins next month's U.S. presidential election, Mike Sagan's toy-making company will halve its China supply chain within a year. KidKraft, which also makes outdoor play equipment, had already shifted 20% of its production out of China to Vietnam, India and elsewhere after Trump introduced 7.5%-25% tariffs in July 2018, midway through his first term. Now Trump threatens blanket 60% tariffs on China, which Sagan sees as a game-changing «blunt» tool.

US-China trade war have fallen short, according to a new study, with other Asian rivals benefiting to a much greater extent from escalating tensions between the world’s biggest economies. Between 2017 and 2023, India’s total share in US imports rose by 0.6 percentage points to 2.7% while mainland China’s portion dropped by around 8 percentage points to under 14%, according to Oxford Economics. The biggest beneficiary from the trade diversion in the region has been Vietnam, whose total share in US imports grew by 1.7 percentage points to 3.7% in the period. Taiwan and South Korea have also made greater strides than India, increasing their share of US imports by 1 percentage point and 0.7 percentage points, respectively, according to Oxford.

Subscribe to enjoy similar stories. Tourism is back, at last. This year the number of trips abroad is expected to overtake levels reached in 2019.

Subscribe to enjoy similar stories. “TO GET RICH is glorious" is the maxim that inspired one of the most successful development strategies of the past 50 years. It’s an aspiration widely shared across developing countries—and for good reason.

A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars and sentenced to life in prison in a case that has been a centerpiece of the government’s crackdown on corruption

global economy by 2030, but its rising population presents mounting challenges in basic service coverage, S&P Global Ratings said on Thursday. «India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030,» the ratings firm said in a report titled 'Look forward Emerging Markets: A decisive decade'. Emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06% GDP growth through 2035 compared with 1.59% for advanced economies, it said.

Widely shared on social media, the atmospheric black and white shots — a mother and her child starving in the Great Depression; an exhausted soldier in the Vietnam war — may look at first like real historic documents. But they were created by artificial intelligence, and researchers fear they are muddying the waters of real history.

Arhum Daga wanted to go on a foreign trip for his first summer break in college. He had planned to go to South Korea with his friend, but his visa application was rejected. They needed to find an alternative quickly.

China has agreed to assist Vietnam on cross-border railway development and take steps to expand agricultural imports from its smaller neighbor

India's decision to ease restrictions on rice exports. Last month, the Indian government withdrew a blanket ban on overseas shipments of non-basmati white rice. It imposed a floor price of USD 490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice were banned from July 20, 2023, to boost domestic supply. «It's welcoming news for all the importers like us, as South Africa imports roughly 10 million tonnes of rice every year. After Thailand and Vietnam, which account for 70 per cent of imports of rice in South Africa, India is the next biggest exporter of rice to South Africa,» said Pranav Thakkar of Dev International, one of the largest importers of Indian products to South Africa.

Subscribe to enjoy similar stories. India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. While this stance against Chinese goods is notable, data indicates that overall imports from China are still on the rise, while exports to the country are faltering.

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

Subscribe to enjoy similar stories. There are moments when something is said in passing in a film, and it’s only a second later that you realise the world has spun off its axis. My favourite instance of this is in Haskell Wexler’s Medium Cool (1969), a fiction film with the raw materials of documentary, set during the 1968 anti-Vietnam protests in Chicago.

Ottawa’s Han Langenbahn has a daily ritual of checking the weather forecast in Brazil.

Robert Jenrick, one of the four remaining candidates to replace Rishi Sunak as leader of the Conservative Party, has vowed to «severely restrict visas» to countries that refuse to accept the return of illegal migrants, particularly targeting India and Vietnam. He claimed that while 250,000 visas were granted to Indian nationals in 2023 for work, visits, and study, an estimated 100,000 Indians currently reside illegally in the UK, and “returns remain stuck in the hundreds.”