Vietnam Financial News

24.01 / 01:15

markets Cooper Manufacturing Research love Interviews International Japanese firms love to invest in India. Here’s why

India remains the top choice for Japanese manufacturing firms looking to invest abroad, Itagaki Shinichi of the state-owned Japan Bank for International Cooperation (JBIC) said in an interview. Itagaki, who directs JBIC’s strategic and geopolitical research, said political pressures and negative images had made China less attractive for Japanese firms, benefiting India. Itagaki said the proportion of Japanese companies with business plans in India has jumped from around 35% in 2021 to 45.8 in 2023, according to a JBIC survey of Japanese manufacturing enterprises conducted in 2023.

21.01 / 08:59

Target Platform WhatsApp social information Features Videos MHA think tank alerts against 'hijack', sextortion, impersonation scams on WhatsApp

think tank that functions under the union home ministry has issued an advisory and alert against a variety of scams that take place on popular social media messaging platform WhatsApp leading to cyber crimes and financial frauds. The Bureau of Police Research and Development (BPRD) has identified seven types of such frauds that includes tricking through missed calls, video calls, in the name of job offers and investment plans, impersonation, hijacking and screen share. As part of the 'hijacking' scam, the eight page advisory-cum-alert said, the scammers take unauthorised access to the victim's WhatsApp (WA) account and request money from their contacts.

19.01 / 12:56

markets UPS Strategy MSCI country International How one emerging-market money manager is beating 99% of his peers

An emerging-market money manager who is outperforming 99% of his peers says equity investors can make money in 2024 whether the Federal Reserve cuts interest rates or not, by focusing on countries undergoing economic transformations.

19.01 / 02:17

COST Manufacturing economy HANS Caseys Trade Red Sea crisis pressures China's exporters as shipping delays, costs mount

By Samuel Shen, Casey Hall and Ellen Zhang

18.01 / 04:51

markets UPS show prevention Scandals Vietnam tightens limits on investors' stakes in banks

HANOI (Reuters) — Vietnam's legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at reducing risks of market manipulation, but that could make investment in lenders less attractive.

18.01 / 01:27

Waters wellness Trade country exclusive peace China, Philippines seek better communication, management of conflicts in South China Sea

BEIJING (Reuters) -China and the Philippines agreed to improve maritime communication and to properly manage conflicts and differences through friendly talks in regards to issues around the South China Sea, according to a statement from the Chinese foreign ministry.

16.01 / 08:05

markets UPS Volkswagen Mobile wellness country Bharat Mobility Expo revs up, may become an annual affair

Tata Motors, Honda Cars, Toyota Kirloskar Motor, MG Motor India and Kia India, as well as German luxury and premium carmakers Mercedes-Benz, BMW and Skoda Auto Volkswagen India. The show will also draw prominent two-wheeler makers Bajaj Auto, TVS Motor and Honda Motorcycle and Scooter India, and pure EV makers Ather Energy, Ola Electric, Tork Motors, ⁠Eka Mobility and VinFast.

16.01 / 05:30

Target Food Trade Diversity reports Department India slaps 50% duty on molasses exports

Mint on 29 December reported that the union government was considering a 50% duty on the export of molasses to augment supplies for meeting India's target for cleaner and more efficient ethanol-blended petrol. The government aims to achieve its E20 (20% ethanol blended petrol) target by 2025-26 from its present 12%. India is the world’s largest molasses exporter and contributes about 25% to global trade.

15.01 / 20:21

markets UPS Citi Manufacturing country Vietnam’s VinFast looks to start India EV operations in 2024

Mint on condition of anonymity. The company has held dealer ‘clinics’ with 30-35 potential Indian dealer partners in Vietnam, and is soon going to announce its distributor network, which will display both two- and four-wheelers.

15.01 / 19:34

COST Citi Food RAI country travelers Destinations Are Vietnam, Thailand cheaper than Goa for a beach holiday?

₹30,000 for Novotel Goa resorts, which are not even on the beach. In contrast, we paid ₹9,000 for a hotel on the beach in Phuket that had a private pool and the rooms were almost three times bigger. Similarly, in Vietnam, we paid ₹6,000 for Movenpick Camranh, one of the best resorts I have ever been to," said Rai.

13.01 / 11:02

Target Manufacturing Align Enterprise country electronic International 2024 Vietnam poised for 6% GDP growth in 2024, led by tech and FDI

HANOI — Vietnam is set to achieve a 6% growth in its gross domestic product (GDP) for the year 2024, a target that aligns with the projections made by HSBC and the expectations of the National Assembly. The Southeast Asian nation is experiencing an economic upswing, buoyed by substantial foreign direct investment (FDI) inflows, which saw $36.6 billion registered and $23.2 billion implemented in the preceding year.

13.01 / 10:25

markets UPS Citi Man economy President Indonesia's president visits Vietnam's EV maker Vinfast and says conditions ready for a car plant

Indonesian President Joko Widodo has visited Vietnamese automaker VinFast’s factory and said that he would create the necessary conditions for the multinational to be able to build a plant and invest in Indonesia quickly

13.01 / 10:25

Cooper Waters security President country exclusive Indonesia and Vietnam discuss South China sea and energy issues as Indonesian president visits

Indonesia and Vietnam agreed to cooperate on fisheries on Friday as Indonesian President Joko Widodo met Vietnam’s President Vo Van Thuong on Friday

13.01 / 05:15

COST UPS Manufacturing wellness electronic Retailers can manage Red Sea shipping delays for now

Suez Canal. Supply chain struggles are now back on the agenda. Container ships are being forced to avoid the Red Sea and Suez Canal, the main route for shipments from Asia to Europe and an important one for deliveries to the US East Coast, after Iran-backed Houthi rebels started attacking ships as part of a campaign against Israel.

11.01 / 10:53

Manufacturing Mobile Apple Trade country electronic reports Government plans import duty cuts on mobile phone parts to boost exports: Report

NEW DELHI : India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India and level up the playing field with regional competitors such as China and Vietnam. India's electronics and information technology ministry is firming up the proposal, including the size of the duty cuts, and hopes it can be included in the federal budget on Feb.1, one official said.

11.01 / 05:23

markets COST Reuters pandemic Trade Experts Retailers rush to avoid delays to spring collections due to Red Sea attacks

Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters. One European retailer said it was delaying marketing campaigns for some specific goods until stocks were secured. Major container ship operators like Maersk and Hapag-Lloyd are re-routing vessels away from the Suez Canal — the shortest route from Asia to Europe — after militant attacks on vessels in the Red Sea. The diversions have raised fears of another prolonged disruption to global trade just as supply chains unsnarl after the COVID pandemic.

10.01 / 18:45

markets COST economy performer stars Schools Indians may get the highest pay hikes in apac this year’

India Inc is likely to see a median pay hike of 9.7% in 2024, compared to 9.5% last year, said the survey, as companies try to balance a focus on cost management with a strong emphasis on retention of critical talent.

10.01 / 18:33

COST Manufacturing Strategy Mobile country electronic prevention Reduce duty on mobile phone parts: ICEA

NEW DELHI : Mobile phone exports from India can more than triple to $39 billion over the next two years, from $11 billion in FY23, if the government reduces import tariffs on components, and eliminates them in some categories, the Indian Cellular and Electronics Association (ICEA) said on Wednesday. These shipments can even swell to $50 billion, if India rationalises import duties and undertakes reforms to ease doing business, the industry body said.

10.01 / 13:58

markets security Strategy Align Sustainability Research innovations HIBOX Company Announces Expected $50 Million Financing to Accelerate Innovation and Market Expansion

HIBOX Company, a distinguished player in e-commerce specializing in handpicked mystery box offerings, has announced plans for a substantial $50 million funding round. This strategic move aims to advance their innovative product range and broaden their market footprint. Known for their unwavering commitment to innovation and immersive online shopping experiences, HIBOX has been a leader in the mystery box e-commerce sector since its inception.

09.01 / 18:51

markets UPS IPO Target Trade show EV maker VinFast launches pickup truck concept, plans to sell mini-EV globally

HANOI (Reuters) — Vietnamese electric vehicle maker VinFast (NASDAQ:VFS) on Tuesday launched a prototype of its new pickup truck, and said it plans to launch its mini-sized VF (NYSE:VFC) 3 model globally.

08.01 / 20:09

markets UPS Citi Manufacturing CEO Southern Vietnam's VinFast to build a $2 billion EV plant in India as part of its global expansion

Vietnamese automaker VinFast plans to spend up to $2 billion to build an electric vehicle factory in India, the world's third-largest auto market by sales

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