Vietnam Financial News

HANOI (Reuters) — Vietnam's parliament on Wednesday decided to further extend a reduction in value-added tax (VAT) on goods and services until the end of June 2024.

Japan and Vietnam have agreed to boost their security and economic ties in the face of China’s growing influence in the region

Vietnam's parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement. Vietnam had initially planned to combine the approval of the tax with measures to partly compensate large foreign investors affected by the higher levy, including South Korean electronics giant Samsung Electronics Co Ltd and U.S.

Aden, Yemen, on Sunday, authorities said. While no group immediately claimed responsibility, it comes as at least two other maritime attacks in recent days have been linked to the Israel-Hamas war. The attackers seized the Central Park, managed by Zodiac Maritime, in the Gulf of Aden, the company and private intelligence firm Ambrey said.

Think-tank GTRI on Sunday suggested that the government study the bilateral free trade agreement with Singapore and as part of the Asean bloc together while reviewing its trade pact with the 10-nation grouping.Singapore is a member of 10-nation Asean bloc with which India has a free trade agreement in goods since 2010. Separately, India also implemented a comprehensive free trade agreement (FTA) with Singapore in 2005.The Global Trade Research Initiative (GTRI) also suggested a similar exercise with Thailand, another member of Association of Southeast Asian Nations (Asean). India signed a limited free trade pact with Thailand in 2006.

China and the United States exchanged accusations at the weekend over the disputed South China Sea, after China's military said it had driven away a U.S. warship that the U.S.

A plan for how Vietnam will spend $15.5 billion to transition to cleaner energy has been finalized and will be announced formally at the COP28 climate conference, which begins in Dubai next week

global market as well as India’s trade. Queries sent to the food department and spokesperson of the Mali embassy in New Delhi remained unanswered at press time.

By Ceyda Caglayan

Rekha Jhunjhunwala portfolio: Shares of Titan Company Ltd has been in uptrend in last one month. In this time, Titan share price has ascended around ₹200 per share, which fueled Rekha Jhunjhunwala net worth by over ₹950 crore.

TVS Motor Company Ltd share price saw gains of 2.63% to 52 week highs of 1784 on the BSE in the morning trades on Thursday, on news flow around its entry into Vietnam. TVS Motor on Thursday announced its entry into Vietnam in collaboration with Minh Long Motors – its distribution partner. TVS Motor Company said that it will offer a range of scooters and underbone motorcycles, across multiple price points, in keeping with its commitment to responsible and sustainable mobility.

₹58.4 a litre from ₹55 a litre during the corresponding period last year. The Solvent Extractors’ Association of India (SEA) wrote to the animal husbandry and dairying department, requesting to not extend the ban as “it could have far-reaching negative consequences for multiple sectors".

Philippines are conducting joint air and maritime patrols in the South China Sea, which come as the two countries step up cooperation in the face of growingly aggressive Chinese activity in the area. The Philippine Air Force said Wednesday its aircraft had taken part in joint patrols on Tuesday in the vicinity of Batanes, the northernmost province of the Philippines, which is only about 200 kilometers (125 miles) from Taiwan, a self-governed island that China claims as its own. The patrols run through Thursday and also include both the U.S. and Philippine navies.

Instagram post from Father's Day 2020 by Brad Pitt's adopted son, Pax, has surfaced, accusing the Hollywood star of being a «world class a**hole» and creating a «constant hell» for his four youngest children. Pax, adopted by Angelina Jolie from Vietnam in 2007, posted the scathing remarks when he was 16, accompanied by a photo of Pitt receiving an Oscar for Once Upon a Time...in Hollywood. “'You time and time and again prove yourself to be a terrible and despicable person,” he wrote. In the leaked post, Pax alleged that Pitt has made the lives of those closest to him «a constant hell» and lacks consideration or empathy toward his four youngest children, who reportedly «tremble in fear» in his presence.

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported.

India offers to facilitate local manufacturing of electric vehicles will be equal for foreign as well as domestic investors, government officials said, amid concerns raised by automakers in India over possible concessions in import duty to American carmaker Tesla. Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions. «The government's approach is for the industry as a whole and not for any specific company because we have very strong domestic companies in this sector,» said an official, adding that any incentives offered will be equal for domestic and foreign investors. The government is in the process of drawing up a policy to incentivise local manufacturing of electric cars, at a time when US EV maker Tesla and its relatively lesser-known Vietnamese rival VinFast are firming up their India entry strategy. While policy guidelines are yet to be finalised, local carmakers said offering concessional tariffs to Tesla will adversely impact investments that have already been made or are being made by them to produce electric vehicles.

Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House. Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S.

Lawyers for the first person to be charged under Australia’s foreign interference laws have told a court that a hospital donation made through a federal government minister was not a covert attempt to curry favor on behalf of the Chinese Communist Party

As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. 

By Libby George, Karin Strohecker and Simon Jessop

Luxshare’s move to make investments in Vietnam is a result of many failed attempts to expand its operations in India. Those who do not know, Luxshare is Apple's primary supplier for AirPods and could be an upcoming supplier for iPhones. As per the reports from the publication, the company now aims to shift their investment worth $330 million to Vietnam's northern province of Bac Giang.