Vietnam Financial News

19.03 / 13:49

Crypto Adoption Nigeria and Turkey Biggest Adopters of Crypto in 2024

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

19.03 / 10:35

Provident Digital Aware ULA information reports prevention Financial How to identify fake lending apps and avoid financial fraud

India is hailed as the third largest fintech ecosystem in the world with over 10000 FinTech firms in the country. The fintech adoption rate in India is 87% which is way above the global average of 64%. On top of that, the value of India’s Financial Inclusion Index is 60.1 as against 56.4 in the previous year. Yet, India is severely credit underpenetrated. The credit card penetration is estimated at around merely 5.5% of the population and even India’s domestic credit to the private sector at 55% of GDP in 2020 is remarkably below the world average (148%), and lowest among its Asian peers — China (182%), South Korea (165%), and Vietnam (148%).

18.03 / 10:25

markets COST Manufacturing security Tesla EV policy could intensify competition in the long run

₹4,150 crore and manufacturing should commence within three years of receiving approval. Besides strengthening the EV ecosystem, the policy could also boost the Make in India initiative as it mandates domestic value-addition of 25% by the third year and 50% by the fifth. Elara Securities (India) notes that India could become an export hub in the future, given that global automakers are looking to diversify beyond China.

18.03 / 05:09

markets FIVE Manufacturing country Founder of EV maker VinFast launches global charging stations venture

HANOI (Reuters) — The founder of Vietnamese electric vehicle maker VinFast (NASDAQ:VFS) on Monday launched an EV charging stations company, V-Green, which he said would prioritise supporting VinFast vehicles globally.

17.03 / 06:45

Remark Freedom country reports Discrimination Equality Jaishankar slams US for CAA remark: ‘I'm questioning their understanding of our history, as...’

Jaishankar defends CAA in Brussels as he promotes India-EU ties The US Ambassador to India, Eric Garcetti, speaking at the India Today Conclave on Friday said that the United States can't give up on principles and principles of religious freedom and equality are a cornerstone of democracy. Speaking on this, S Jaishankar said, “I have principles too, and one of my principles is an obligation to people who were let down at the time of partition".

14.03 / 21:09

Chainalysis Bitcoin Crypto Adoption Crypto Gains Surpassed $37.6 Billion in 2023: Chainalysis

Global crypto gains reached $37.6 billion in 2023 following severe losses in 2022, blockchain intelligence firm Chainalysis reveals in a new report released Thursday.

14.03 / 08:55

economy Sustainability Research Trade stage country reports Indo-Pacific Economic Framework deal in final stage, signing likely soon

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

13.03 / 20:39

UPS Citi Dreams Southern love Schools boating In Vietnam’s Mekong Delta, the lure of moving to the city grows even stronger amid climate shocks

The lure of the city has always been strong for the poor in Vietnam's Mekong Delta

13.03 / 13:03

FIVE Manufacturing CEO Dreams Southern information Department Tata Motors signs MoU with Tamil Nadu govt for manufacturing plant; to invest Rs 9,000 crore over 5 years

Tata Motors and the Tamil Nadu Government have signed a Memorandum of Understanding (MoU) to build a vehicle manufacturing facility with an investment of Rs 9,000 crore over the next five years, the company said in an exchange filing on Wednesday. The agreement further bolsters employment generation in the state with a dedicated 5,000 jobs. The announcement comes after Vietnamese electric vehicle maker VinFast commenced building a factory in the southern state, marking the second automobile manufacturing investment within a span of just 2 months.

12.03 / 21:03

COST Provident CEO Citigroup Interviews Destinations Smart policy and execution are big positives for India: Jane Fraser, CEO of Citigroup

Jane Fraser, chief executive officer of Citigroup. India's perfect policy prescriptions, cast-in-stone execution schedules and an unmatched ability to deliver development on a gigantic scale make it a unique investment destination, Fraser told ET in an interview. «The move from more of a cost arbitrage in India to now looking at it in terms of innovation from our Indian tech centres — they are drivers of our business strategy,'' she said. „Citi is doing a huge amount of work in transformation globally. That is all happening here in India.''

11.03 / 19:55

COST wellness President country reports International Biden budget plan would raise US taxes by $4.951 trillion over decade -Treasury

By David Lawder

11.03 / 07:29

Reuters security Boeing SpaceX President country reports US business group seeks security equipment deal with Vietnam's police

By Francesco Guarascio

10.03 / 16:53

students Universities War country rock stars rights The rock star who defected to North Korea — and now regrets it

The 1960s were a turbulent time. Assassinations, riots, civil rights protests, and angry opposition to the war in Vietnam. This unrest wasn’t confined to North America, either. It seemed that the whole world was about to come apart at the seams.

07.03 / 16:05

COST UPS Cooper Strategy Trade Relationships Australian Australian and Vietnamese prime ministers elevate their nations' booming economic relationship

Australian and Vietnamese prime ministers have discussed ways of improving an already booming economic relationship, as part of Australia’s strategy to diversify trade away from China

07.03 / 14:19

UPS Waters ICE India’s ‘filter coffee’ ranks second in top 38 coffees across the world. Full list here

A post shared by TasteAtlas (@tasteatlas) Indian filter coffee is brewed using a simple and effective coffee filter machine. The process involves boiling water in a vessel called a "decanter" and adding the finely ground coffee powder to the filter. The coffee is then brewed slowly, resulting in a rich and flavorful cup of coffee.

05.03 / 05:51

Citi Death President reports Courts Investigations A Vietnamese property tycoon accused of embezzling $12.5 billion begins her trial

Real estate tycoon Truong My Lan faces the death penalty for allegedly embezzling $12.5 billion

01.03 / 19:25

MET Trade Diversity country inclusion Equality Women still 'woefully underrepresented' in Chile business, economics -Yellen

By Andrea Shalal

01.03 / 14:17

Provident Cooper security Trade country Why the MILAN matters to Southeast Asian countries

MILAN is an India-hosted biennial multi-national naval exercise that originated in 1995. The exercise aims to enhance cooperation and interoperability among the navies of diverse participating countries.

29.02 / 13:15

UPS Manufacturing Software Qualcomm show track US logistics firm Airspace expands in Asia, partners with Qualcomm

By Stephen Nellis

28.02 / 19:23

economy Southern wellness country reports International Sri Lanka may be back on the tourism map but its recovery is fragile

Sri Lanka’s bustling Colombo airport is busier than it has been in the past few years. Last year, the country welcomed 1.5 million tourists, a fifth of them from India. Long-stay Russians number 300,000 and have transformed some of the country’s southern resort towns, not always for the better.

27.02 / 07:45

Man OTC wellness Trade reports Investigations South Korean Police Arrest ‘Multinational Gang of OTC Crypto Thieves’

OTC crypto crime appears to be on the rise in South Korea, where police say they have arrested a “multinational gang” who allegedly locked a woman in a car before stealing cash.

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