Vietnam Financial News

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

₹5,200, a jump of 23% from a year earlier. Similarly, a Bengaluru-Kochi ticket now costs around ₹3,500, a 46% spike from a year ago. While air traffic slowed in July on account of monsoon, travel picked up in August.

Tata Motors to Maruti Suzuki, Japan's Toyota Motor Corporation (TMC) and China's BYD set to take the covers off a slew of vehicles, many in the electric vehicle segment, at the Bharat Mobility Show to be held in January next year. The number of vehicle makers who have confirmed attendance for the upcoming edition of the show is four times that seen in 2023, and highest-ever since the auto expo started in 1986. The participation is also significantly higher than that seen at the 'Big Five' — the five major auto shows held globally in Geneva, Munich, Detroit, Paris and Tokyo — where participation has been dwindling amid high costs and lower footfalls. While 13 carmakers participated at the Munich Auto Show in its latest edition, 20 showed up for the Geneva Motor Show held between Feb 26 and March 3 this year. The mobility shows in Paris and Tokyo saw participation from 11 and 22 vehicle makers, respectively. Around 13 automakers showcased 35 vehicle brands at the Detroit Auto Show last year.

A South Korean court has ordered Dumamu, the operator of the crypto exchange Upbit, to compensate a customer for delaying a LUNC transfer just before the Terra ecosystem crash.

Stockdale Paradox'. This paradigm introduced by Jim Collins in his book 'Good to Great', is named after Admiral James Stockdale, a highly decorated US military officer who survived over seven years as a prisoner of war during the Vietnam War. Stockdale's unique approach to enduring brutal captivity, combined unwavering faith that he would eventually be freed with a stark acceptance of his harsh reality. This duality forms the essence of the paradox: one must retain faith in eventual success while confronting the brutal facts of one's current situation. Various spiritual traditions emphasise the importance of faith, whether in a higher power, the universe's inherent goodness or life's ultimate purpose. The paradox aligns with these traditions by encouraging unwavering faith that transcends immediate suffering. This faith provides spiritual resilience, much like how Stockdale's belief in his eventual release sustained him.

India have plunged to the lowest level in more than three years due to higher imports and subdued exports, according to data from commodities consultancy BigMint. Local prices of hot rolled coils used in the manufacturing sector averaged 52,267 rupees ($622.62) per tonne in July, it said. India, the world's second-biggest crude steel producer, turned a net importer in the fiscal year ended March 31, 2024. The trend continued with finished steel imports scaling a five-year high in April-May, according to provisional government data.

Sheikh Hasina government. Throughout modern history, students have frequently played a pivotal role in regime changes or significant policy shifts. This trend is evident in numerous landmark protests across the globe, illustrating the power and influence of student movements. In the United States during the 1960s and early 1970s, student-led protests against the Vietnam War became iconic. Campuses across America saw teach-ins, sit-ins, and shutdowns to oppose the country's involvement in the war. These actions targeted both the Johnson and Nixon administrations, as well as companies like Dow Chemicals with ties to the conflict. Thousands of students burning their drafts ultimately turned public sentiment against the war, leading to the withdrawal of American troops by 1973. In South Africa, the Soweto Uprising of June 1976 showcased students' resistance against unequal education under Apartheid. Thousands marched in protest, only to be met with armed police, which triggered widespread anti-Apartheid protests and international condemnation of the regime. These demonstrations are credited with setting the stage for the eventual end of Apartheid.

Mint the political crisis in Bangladesh could hinder India’s plans to boost exports to the neighbouring country. “If the situation worsens, which is highly possible, Bangladesh may stop importing Indian goods and seek other countries to meet their domestic needs," the official said, declining to be identified. Other experts said India faces losses in multiple trade segments due to the Bangladesh crisis, which could turn into opportunities for competitors like Vietnam and China.

Cambodia on Monday broke ground to build a controversial, China-funded canal to link the capital Phnom Penh to the sea despite environmental concerns and the risk of straining ties with neighboring Vietnam

A prominent Vietnamese business tycoon has been found guilty of defrauding stockholders of nearly $150 million by falsely inflating the value of his company, in a case that comes as the government cracks down on widespread corruption in the country

Motherson Group is poised to enter the growing Apple supply chain network in India along with Hong Kong-based BIEL Crystal Manufactory, one of the world’s largest suppliers of glass for smartphones, said people with knowledge of the matter. This will make the Vivek Chaand Sehgal-led auto component maker the second large business group after Tata to become a vendor for Apple as part of Motherson’s plan to use its core manufacturing prowess to diversify into other segments. BIEL was established in 1989 by billionaire Yeung Kin-man in Shenzhen, China, to make watch crystals. The company says it’s one of the earliest manufacturers of glass screens for mobile devices, having begun in the early 2000s, when they were made mostly of plastic. By some estimates, BIEL currently produces glass screens for two of every three iPhones. The 51:49% alliance, the Indian company will have the majority stake, is planning to set up a greenfield manufacturing capacity in the south, most likely Tamil Nadu, with an estimated outlay of Rs 2,000-2,500 crore, said the people cited above. It aims to hit a turnover of Rs 8,000-8,500 crore in four-five years after operations start. The consumer electronics business is scheduled to come onstream in the July-September quarter.

Prime Minister Narendra Modi called for the creation of an “investment-friendly charter’ during the ninth Governing Council Meeting of the Niti Aayog on 27 July. This charter will outline policies, programmes and processes to attract more investments. Despite India’s potential, foreign direct investment (FDI) data shows that the country has not fully capitalized on its opportunities.

To Lam, named Vietnam's top leader on Saturday, is a powerful former public security minister who has been swiftly elevated by a corruption crackdown that swept away other contenders. He was confirmed as general secretary of the Communist Party of Vietnam after the death of his predecessor Nguyen Phu Trong, Vietnam's most powerful leader in decades. In his first remarks as general secretary, Lam said his promotion was the result of «an urgent need to ensure the leadership of the party».

India has offered Vietnam a $300 million loan to build up the Southeast Asian country's maritime security, as the two sides say they want to double their trade and investment within five years

Economic Survey dropped a political clanger by arguing that getting FDI from China could help India improve its participation in global supply chains through exports. The strategy document notes that many companies have adopted a 'China+1' strategy to reduce reliance on Beijing for advanced electronic items and components. While India may not be an immediate 'beneficiary' of this approach to diversify manufacturing away from China, GoI's PLI scheme, taxation holidays and subsidies have significantly attracted companies to invest in India.

supply chains after the pandemic and due to geopolitical reasons has given India a chance to make in India for the world. It's not just China. Other Asian countries such as Vietnam and Bangladesh are also formidable incumbents. Traditionally, other Asian countries have had an edge over India due to various reasons such as cheaper labour, less rigid labour market and free trade agreements. But now India too is becoming an attractive source of goods for Western countries.

India's Adani Group is considering investing in two airports in Vietnam, the Vietnamese government said on Wednesday, weeks after the company revealed it had permission to build a seaport in the country.

expectations and employee realities regarding hiring and retention continues to grow, according to a report. Even as employers and job seekers agree that flexibility, higher salaries and career progression are top priorities, employees value company culture and ethics more than the organisations realise while organisations overvalue the importance of brand and incentives, said Michael Page 'Talent Trends 2024 — India Expectation Gap' report.

Jaishankar on Sunday met US Secretary of State Antony Blinken and held a wide-ranging discussion on bilateral ties and regional and global issues. The two leaders met on the sidelines of the Quad Foreign Ministers' meeting in Tokyo.

apparel and footwear may become a larger part of the global sourcing for brands like Zara, H&M, Marks and Spencer and Gap with finance minister Nirmala Sitharaman announcing a lot of exemptions on import duties of raw materials for apparel and footwear only when they are further exported. Local manufacturers said this will make the Indian produce price competitive in the global market compared to Bangladesh, Vietnam, Cambodia, China, and Southeast Asian nations.

Vietnam has passed a decree radically loosening the Communist Party-ruled state’s control on how electricity is sold to private companies