Vietnam Financial News

The world is producing more electronic waste than ever — 62 million metric tons in 2022

Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia

gloves, which are getting dumped in the country from Southeast Asian countries like Malaysia and Vietnam, people aware of the development told ET. The meeting to be held by the department of pharmaceuticals (DoP) will discuss bringing surgical gloves and single-use medical examination gloves under the quality control order (QCO) to ensure better standards for these products whether imported or manufactured in the country, sources said. At present, these gloves are not regulated properly, resulting in import of substandard gloves rejected in other countries. Senior officials from the textiles department, the country's drug regulator, the Bureau of Indian Standards (BIS), and industry associations will attend the meeting. They will discuss issues of importers procuring substandard gloves at prices lower than the manufacturing cost of medical/surgical gloves and dumping of cheap rubber gloves from countries like Malaysia and Vietnam, sources cited above said.

Nibiru Chain, a $100 million HashKey and Kraken Ventures-backed Layer 1 blockchain, has announced two senior hires from Yuga Labs and Starknet Asia as part of its Asia expansion.

Columbia University in New York early Tuesday, barricading entrances and unfurling a Palestinian flag from a window in the latest escalation of demonstrations against the Israel-Hamas war on college campuses nationwide. The school promised they would face expulsion. The occupation at Columbia — where protesters shrugged off an ultimatum to abandon a tent encampment Monday or be suspended — unfolded as other universities stepped up efforts to clear out encampments. Police swept through some campuses, spurring confrontations with protesters and plenty of arrests. In rarer instances, university officials and protest leaders have struck agreements to restrict the disruption to campus life. And as cease-fire negotiations appeared to gain steam Tuesday, it wasn’t clear whether those talks would inspire campus protesters to ease their efforts.

One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week

$1.3 billion Powerball jackpot last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie" Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them.

The police crackdown on protests against the Gaza War in American universities, where students were staging sit-ins to demand a rollback of policies seen to be supportive of Israel’s offensive that has left over 35,000 Palestinians dead so far, leaves one aghast. Reminiscent of how the 1960s’ peace protests over the Vietnam War were thwacked back, cops used the sort of brutal force that makes the country’s claims of free-speech tolerance ring hollow across a globe that the US says is seeing a clash of democracy and autocracy, with America on the side of freedom.

Vietnam's National Assembly has resigned, the ruling Communist Party said Friday, one of the most senior leaders to fall in a sweeping anti-corruption purge. Vuong Dinh Hue asked to step down because of «violations and shortcomings», the party said in a statement on its website.

Aussiebum, Australian brand of men's swimwear, underwear, and clothing plans to establish its own manufacturing unit in India to produce for domestic and global markets, Sean Ashby founder and CEO of the company told ET. The brand aim to capture 3-5% share of the innerwear market in India by 2026 and has already started selling online. “This localized production will create employment opportunities while enabling aussieBum to seamlessly blend Indian talent and resources into its design and innovation process,” said Ashby.

NEW DELHI : Is Tesla on its way to India, or not? Despite the Indian government's enthusiastic rollout of a new electric vehicle policy primarily aimed at attracting EV makers such as Tesla, the Elon Musk-led automaker has remained non-committal about its plans to enter the Indian market. In fact, Tesla has not conducted any significant studies or held detailed discussions with state governments in India yet, people familiar with the situation told Mint, signalling a lack of immediate intent to establish a manufacturing presence in the country.

solar manufacturers filed trade complaints Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. The petitions were filed with the Department of Commerce and the U.S. International Trade Commission. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighbouring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. The complaints call for investigations into the trade practices of Vietnam, Cambodia, Thailand and Malaysia. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50%.

Toronto-Dominion Bank still sees foreign students as an important source of growth even as Prime Minister Justin Trudeau’s government has ushered in new caps on study permits in a bid to ease rental-housing demand.

Vietnam aims to transform its rice sector, making it more resilient to climate change while also reducing its emissions of methane, a greenhouse gas far more potent than carbon dioxide

US chipmaker Nvidia has partnered with Vietnamese IT company FPT to set up a $200 million artificial intelligence (AI) factory in Vietnam. The collaboration, announced on April 23, will lead to the creation of a hub for AI and cloud computing services in the Asian country.

EAM Jaishankar expresses concern over rising deaths of Indian students in US "Now I read that article and I wanted to say listen, in that heat my lowest turnout is higher than your highest turnout in the best run," Jaishankar said. Jaishankar stressed that "They (West) actually think they are part of our electorate", adding, "I think it's time today that we disabuse them, and the best way that we do that, is by confidence." 'They need to calm down': Jaishankar dials Iran, Israeli counterparts The EAM said that the Western media also slams the Bharatiya Janata Party by calling it "unfair", and added, "In a kind of way, today, we are at a very important inflection point.". "They will question your election system, your EVM, your election commission, even the weather," Jaishankar said.

NEW DELHI : Indian companies directly or indirectly in business with European firms face a twin hurdle as Germany tightens its screws on a new law aimed at ensuring fair labour standards and environmental requirements. For Indian businesses already subject to Europe’s carbon tax, Germany’s supply chain rules would mean additional compliance and reporting costs, apart from fines and loss of business opportunities for any violations, industry experts told Mint.

Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on Friday. Tether issues a stablecoin, also called Tether or USDT, which is designed to maintain a constant value of $1 and is widely used in crypto-to-crypto trading. It has grown rapidly in recent years, hitting more than $100 billion worth of Tether tokens in circulation in March. «In the last few years we have seen the usage of USDTgoing from pure cryptocurrency trading to being basically the most used digital dollar in the world», Ardoino said on the sidelines of the Token2049 crypto conference in Dubai, where industry enthusiasts gathered despite heavy rains this week disrupting life in the desert city.

Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday

Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub