Vietnam Financial News

Vietnamese automaker VinFast has a big problem: It just can’t sell enough cars

commerce ministry's investigation arm DGTR has recommended the continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to guard domestic players. In a notification, the Directorate General of Trade Remedies (DGTR) has said that there is a likelihood of injury to the domestic industry in the event of cessation of present countervailing duty on the imports from these two nations. «The authority has reached a conclusion that the duty imposed on subject goods is required to be extended further...The authority recommends extension of countervailing duties on imports of the product under consideration,» the DGTR has said. The directorate has recommended a duty of up to 29.88 per cent on the product.

Nanda's job at General Electric Co. back then was putting some plastic between the bumper and the beam of a Suzuki Swift. The plastics division, which traced its history to the early days of synthetic rubber, had hired the young engineer from the state-run Defense Research & Development Organization, placed him at one of GE’s new facilities on the outskirts of Bengaluru, and asked him to find a cost-efficient way to reduce the impact on pedestrians in auto accidents.

Donald Sutherland died at the age of 88 on Thursday. He is considered one of the most versatile and gifted actors born in Canada. He is best known for his roles in «M*A*S*H,» «Klute,» «Ordinary People» and «The Hunger Games.» His career spanned from the 1960s to the 2020s as he charmed and enthralled audiences in his movies. His son actor Kiefer Sutherland confirmed his death. Donald Sutherland's first big break

Russian President Vladimir Putin is in Vietnam to strengthen ties with its longtime partner in Southeast Asia at a time when Moscow is facing growing international isolation because of its military actions in Ukraine

Chinese Premier Li Qiang is set to talk with Malaysian Prime Minister Anwar Ibrahim with the two countries due to ink new cooperation pacts on digital economy and green development as they mark 50 years of diplomatic relations

PLI scheme, the government is in the final stages to put in place similar processes for other manufacturing units, an official said. The move assumes significance as some domestic manufacturing firms have flagged the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India. «Most of the PLI (production-linked incentive scheme) visas have been taken care of. For general manufacturing also, we are trying to create a better streamlined SOP… that is with the Ministry of Home Affairs. It's at the final stages. We are hoping to sort it out. We have done a lot of sensitisation,» the official said. The rollout of SOPs does not require any approval from the Union cabinet as it is an internal process to relax norms «a bit» for facilitating visa applications of Chinese professionals or technicians whose expertise is required by domestic manufacturing units, the official added.

Also Read: Airfares have soared, but summer travellers don't careHow did the traffic not grow? The growth has been on the edge for a while until countries enticed Indians with visa-free travel or visa on arrival, which has been the case with Thailand and Malaysia. While travel to South East Asia has been on the rise, largely led by increased connectivity, travel to Europe and North America is yet to see its heydays.Europe has seen an ongoing war since 2022, along with the delay in issuing Schengen visas.

A 34-year-old Vietnamese tourist was reportedly angry about visa fees emerged from the women's bathroom with no clothes, June 8, 2024 at Ninoy Aquino International Airport in Manila, Philippines. (Credit: Viral Press)

An extreme weather phenomenon known as the dzud has killed more than 7.1 million animals in Mongolia, endangering herders' livelihoods and way of life

Narendra Modi's global outreach in his third term is expected to begin with a 24-hour trip to Italy for the G7 summit on June 14 where he is an invitee. In subsequent months, Modi may visit Kazakhstan for the SCO summit (July 3-4), followed by BIMSTEC meet in Thailand (September), BRICS summit in Russia (October), G20 summit in Brazil (November) and a probable trip to New York in September for the UN General Assembly and Summit of Future.

A statement from VinaCapital Investment Management confirmed Ho died unexpectedly at his home in Ho Chi Minh City this morning (6 June). The CIO first joined VinaCapital in 2007, moving across from his role as director of investment at Prudential Vietnam. Prior to this, he held several positions across Dell Ventures and Ernst & Young. A succession plan is currently being implemented with the support of VOF board, and Brook Taylor, VinaCapital CEO of asset management, will take over interim leadership of the VOF team, alongside co-managers Khanh Vu and Dieu Phuong Nguyen Thi. CEO an...

import of capital goods and machinery to build factories as manufacturers in China and Southeast Asia embark on their own expansion plans. That could potentially hobble their ability to meet any rise in consumption demand. Reliance is among Indian companies facing such challenges as it looks to set up production facilities for its fast-moving consumer goods (FMCG) business and scale it up, said a senior executive, citing difficulties in establishing bottling plants for Campa Cola with machinery suppliers asking for a year and more. Reliance didn't respond to queries.

Central Bank Governor Chea Serey revealed On May 28 that the Central Bank Digital Currency (CBDC) Bakong could increase the adoption of Cambodia’s Riel currency by facilitating cross-border QR payments.

New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India's exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for supply chain alternatives to China, Nomura said in a report on Tuesday. «Firms in electronics, apparel & toys, automobile & components, capital goods and semiconductor manufacturing are looking to invest in India. Given India's large domestic consumer market, firms setting up shop in India are attracted also because of the captive domestic market,» Nomura said, predicting a 10% annual growth over the period.

Gold prices were steady on Tuesday, as investors maintained a cautious stance ahead of key U.S. inflation data, which could provide more insight into the Federal Reserve's policy trajectory. FUNDAMENTALS

HBO on May 26, the most pertinent question that popped up was- will there be a sequel? This was supported by the fact that the end was not conclusive and it left enough scope for another season. Created by Park Chan-wook and Don McKellar, the miniseries revolves around the Captain (Hoa Xuande), a North Vietnamese spy in the South Vietnamese army. He escapes to the U.S. with his general toward the end of the Vietnam War.

Bill Gates has once again compiled a list of recommendations for what to watch and read. This year's selection features four books covering a range of genres, from historical fiction to insightful explorations of generosity and education.In a post on X, Gates said, “I didn’t intend to go deep on the topic of service with my summer list—but it’s certainly as relevant today as ever.

Memorial Day is supposed to be about mourning the nation’s fallen service members

Pixel 8 series appears to be accelerating. According to sources cited by the Economic Times, Dixon Technologies has started trial runs, setting the stage for the first batch of Indian-assembled Pixel 8 smartphones to be available by September potentially.Previously, the Google Pixel 8 series was produced in China and Vietnam.

Rupa Bayor and her being a path-breaking Taekwondo player is just one of the reasons. After all, the youngster from Arunachal Pradesh has spent a better part of her life punching back after being punched hard by life. The most recent demonstration of it was an unprecedented bronze medal in the 8th Asian Taekwondo Poomsae Championships in Danang, Vietnam earlier this month, less than a year after being forced to skip the Asian Games because of denial of visa by China. «I was always a very unyielding and combative person. I could get into a fight at the drop of a hat,» the 23-year-old told PTI in an interview as she talked about what drove her to Taekwondo given that Sippi village in Daporijo circle of Upper Subansiri district in Arunachal Pradesh isn't exactly the cradle of the sport.