Vietnam Financial News

By Francesco Guarascio

Denso Wave Inc. engineer who invented the two-dimensional barcode known as quick response, or QR, had never imagined that his system of labelling automotive parts would one day become a crucial pillar of monetary exchange.

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

honey manufacturer Tieng Thu Cam Company Ltd is eyeing Indian market for export of honey and actively looking for local distributors. Tieng Thu Cam, which has put up a stall at the ongoing three-day World Food India here, is already exporting honey to Cambodia, Malaysia, Laos and Middle East. «We want to export to India.

opioid epidemic has been shaped by changes in supply. First pharmaceutical companies blanketed the country in legal painkillers. Doctors expanded the use of opioids against chronic pain, such as backache, in the false belief that the risks of addiction were extremely low.

I continue to think about the fault lines exposed by what has happened in Gaza, including the generational division on support for Israel. Political splits between old and young aren’t new. May 1968 in France was a split between college students and their elders and it was fierce and culture-changing.

general elections while preparing for the increment cycle. “The coming financial year will have large macro factors in India (polls, etc.), and it always has an impact on the business fundamentals such as overall spending," said Anandorup Ghose, a partner at Deloitte India. “Some of that will have a rub-on effect on firms focused on India as their core market." WTW estimates India Inc.

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On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain.

The report cited tighter labour markets and rising inflation as some of the major concerns influencing salary increase budget changes in companies for next year. However, compared to 2022, more than half of companies have increased their salary budgets this year, while a quarter have raised their budgets above the projections they made in December 2022, the survey showed. Technology, media and gaming, financial services and retail sectors are expected to see the highest salary increase of 10% in 2024. Companies in the banking, financial services and insurance (BFSI) sector (10% vs 9.8%), retail (10% vs 9.9%) and captives (9.9% vs 9.8%) have projected marginally higher increases for 2024 as compared to the actual salary increase in 2023 due to the continued demand for talent. “Companies across industries are still closely monitoring their cost structures,” said Rajul Mathur, consulting leader, work and rewards, WTW India. The Salary Budget Planning Report was conducted in April and May 2023 with around 32,512 sets of responses from companies across 150 countries. The survey had 708 participants from India.

The last American President who tried to finance a war along with a new Great Society was Lyndon Johnson. It ended in inflation and retreat in Vietnam. President Biden now wants Congress to help allies win two wars abroad, and deter a third over Taiwan, yet he wants to continue spending on everything as if nothing in the world has changed.

VinFast Auto is evaluating potential sites for its planned manufacturing facility and has already reviewed two locations in Tamil Nadu, people aware of the developments told ET. Touted as a rival to iconic EV maker Tesla, the auto company has been shown land in the Manalur region north of Chennai as well as in one of the state’s southernmost districts Tuticorin, according to sources who said that VinFast was also set to evaluate plots in Gujarat shortly.

External Affairs Rajkumar Ranjan Singh on Saturday urged airlines from Vietnam to explore launching direct flights to cities in north-eastern states of India to provide increased investment and tourism opportunities to both countries. Guwahati, considered the Gateway to Southeast Asia, has an international airport with direct flights connecting Bangkok and Singapore, Singh said while addressing a session on investment and trade at the North East India Festival here. «All eight North East states are well connected by air, land and rail with other parts of India.

McLeod Russel India Ltd on Thursday said the company would sell its Vietnam unit, Phu Ben Tea Company Ltd, for USD 2.15 million. The company would sell the entity to TLK Agriculture Joint Stock Company (TLK).

Meta on Thursday said that its revenue from Click-to-Message ads in India has doubled year-over-year (YoY) as it continues to push WhatsApp business messaging in its largest market. CEO Mark Zuckerberg reiterated that business messaging continues to grow and will be the next major pillar of the social media giant’s business.

BRUSSELS/LONDON (Reuters) -Heineken retained its full-year outlook on Wednesday, bolstering shares in the world's second largest brewer even as it sold less beer.

Vietnamese automaker Vinfast has plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere

UN General Assembly will meet Thursday to discuss the conflict triggered by the attack by Hamas militants on Israel, the body's president announced in a letter to member states. The Security Council has so far failed to agree on a resolution concerning the war, but a number of states — including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Cambodia — formally requested General Assembly President Dennis Francis to schedule the meeting. Last week, the UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution calling for a «humanitarian pause.» Only five of the 15 member states had supported the text, which condemned all violence against civilians and all terrorist acts, but did not name Hamas, an unacceptable omission to the United States, the United Kingdom and France. Washington then vetoed a second resolution put forward by Brazil as the text did not mention Israel's right to defend itself. Twelve out of 15 Council members voted in favor of that resolution, which also condemned the «heinous terrorist attacks by Hamas,» while Russia and the United Kingdom abstained. The United States was the only vote against, but as one of the body's five permanent members its vote counts as a veto. The Security Council will meet to discuss the issue Tuesday ahead of the General Assembly's gathering Thursday at 10:00 am (1400 GMT).

steel ministry's nod mandatory for imports which have not been cleared by the Bureau of Indian Standards (BIS), a move aimed at a crackdown on substandard goods. The decision comes after the BIS issued a quality control order for a variety of steel products and importers were mandated by the Centre to seek prior quality approval of import consignments which were meant for sale locally. Domestic steel importers said this may reduce imports of steel products which had surged in recent months. India's iron and steel imports stood at 7.68 million tonnes (mt) between April and August, up 59.45% from 4.82 mt a year ago. Under the existing policy, BIS certification is issued to eligible overseas steel mills.

Pearl Global Industries shares have been performing exceptionally well on Dalal Street, rewarding their shareholders massively in a relatively short period of time. In just three months, the stock more than doubled investors' wealth by delivering a return of nearly 121%. Over the last six months, the stock has seen a significant increase in value, climbing from ₹438 apiece to ₹1,404, generating a return of 220%.

demography in the coming years. Ukraine gives no official toll of its war dead — the Ukrainian armed forces have reiterated that their war casualty numbers are a state secret – but various estimates say losses are huge. The figures remain classified. But US officials, quoted by the New York Times, recently put the number at 70,000 dead and as many as 120,000 injured.