Vietnam Financial News

BEIJING/MANILA (Reuters) -China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.

JSW Energy on Friday posted an 82 per cent rise in its consolidated net profit to Rs 850 crore for the September quarter on the back of higher revenues. «Profit After Tax (PAT, or consolidated net profit) was Rs 466 crore in the corresponding period of previous year,» a company statement said.

HANOI (Reuters) -Police in Vietnam have arrested six people accused of violating mining regulations, including the chairman of a company at the heart of efforts to develop Vietnam's rare earth industry, seizing 13,715 tons of rare earths ores.

VinFast's (NASDAQ:VFS) CEO, Le Thi Thu Thuy, has stated that the company anticipates the ongoing sales of electric cars and scooters to a connected ride service, owned by the founder, to persist throughout 2024.

Guardian dismissed editorial cartoonist Steve Bell because he refused to print an anti-Semitic caricature of Israeli Prime Minister Benjamin Netanyahu. The decision was revealed in the newspaper: «The decision has been made not to renew Steve Bell's contract.» This marks the end of Bell's four-decade association with The Guardian. Steve Bell's Stint Since 1983, Steve Bell has been a regular contributor to The Guardian, and his cartoons have appeared in the journal for over 40 years.

S Jaishankar on Wednesday said the comprehensive strategic partnership between India and Vietnam was emerging as a «source of security, stability and progress in the region.» Jaishankar was speaking when he visited the Indian sail training ship INS Sudarshini, which was on a port call coinciding with his four-day official visit to Vietnam. «Vietnam is the only nation to which India has gifted a fully operational missile corvette INS Kirpan.

World Food India to be held from November 3-5 in the national capital. The first edition was held in 2017, but in consecutive years the international event could not be organised due to the COVID-19 pandemic, it said. «We have requested Prime Minister (Narendra Modi) to inaugurate World Food India (WFI) 2023 to be held at Pragati Maidan here.

Reuters reported. Vietnam's President Vo Van Thuong invited Putin to “soon" visit the country and “Putin happily accepted the invitation," Vietnam News Agency, the state's official newswire, reported late on Tuesday. Also Read: BRI Summit: Putin advocates Russia's northern sea route; hails 'dear Friend' Xi Jinping Like China and Kyrgyzstan, Vietnam is not a member of the ICC.

Influential investor Cathie Wood, CEO of Ark Invest, said that the researchers at the US Securities and Exchange Commission (SEC) are “really good”, and it’s the agency’s Chair Gary Gensler who is standing on the way of spot Bitcoin exchange-traded funds (ETFs).

India should bid to host the 2036 Olympic Games. It would boost urban and sports infrastructure and enhance India’s collective interest in athletic excellence, besides giving a boost to economic activity and tourism in particular. The key to making the Olympics a financial and economic success is detailed planning on where to hold the games, how to integrate the residences, offices and sports facilities built for the event into India’s infrastructure, and how to finance the games without adding much to the government’s spending.

Filipino officials say Canada will help the Philippines detect illegal fishing with its satellite surveillance system under a new agreement

S Jaishankar on Monday said that cooperation in the Indo-Pacific region is in the shared interests of India and Vietnam as he underlined the significance of Asean centrality and highlighted the contribution of the Quad. Jaishankar, who arrived in Vietnam on Sunday on a four-day official visit, made the remarks during his address to the Diplomatic Academy of Vietnam on “India in the Indo-Pacific”. “Discussed why cooperating in the Indo-Pacific construct is in our shared interests. Underlined the significance of Asean centrality and highlighted the contribution of the Quad,” the minister posted on ‘X’. “Brought out how India and Vietnam, with their independent mindset, can promote a multipolar and rules-based global order,” he added. Jaishankar met his Vietnamese counterpart Bui Thanh Son and discussed ways to boost cooperation in areas like trade, energy, defence and maritime security while also sharing perspectives on Indo-Pacific as both India and Vietnam remain wary of China’s territorial encroachments in their respective regions. “Concluded a productive meeting of the 18th India-Vietnam Joint Commission today in Hanoi.

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.

NEW DELHI : India may sign a memorandum of understanding (MoU) with its key diplomatic partner Indonesia to sell up to 1 million tonnes (mt) of white rice annually, two government officials said. India’s 20 July ban on non-basmati white rice exports comes even as Indonesia plans to safeguard food security against disruptions caused by the El Nino weather pattern and difficulties with supplies from Vietnam, the current major supplier. Although Indonesia is self-sufficient in rice production, it procures rice through MoUs when there is uncertainty in meeting its domestic demand.

Adani Ports & SEZ is “confident” of repaying by Feb 2024, the $650 million of foreign currency bonds that are maturing next year, its CEO said Sunday. “We have already prepaid $120 million and then another $190 million,” Karan Adani told reporters on the sidelines of the inauguration of its Vizhinjam port in Kerala. “We are very confident that by January-February we will prepay the balance amount. And that was part of our commitment at the start of the year, when we had said our net debt-equity ratio will be 2.5X,” Adani had in February said his company would repay Rs 5,000 crore worth of debt by next financial year. Adani’s debt-prepayment is part of its efforts to win back investor trust, large swathes of which were eroded after an American short-seller Hindenburg alleged it of stock price manipulation. As of June, the company had prepaid $2.65 billion worth of loans. The company, that aims to become the world’s largest port operator by 2030, is looking at brownfield international port projects in Vietnam, Kenya and Tanzania, said CEO Adani. The Vietnamese government had, in a statement in May, said it welcomed Adani’s investment in its Lien Chieu port and renewable energy projects.

alleging corporate malfeasance — charges the Adani Group has denied. With a dominance that already spans ports, mines, airports and power utilities, Vizhinjam will further cement the billionaire’s status as India’s infrastructure king. Also Read: Adani Ports share price rises 3% as brokerages expect up to 28% upside potential The proximity to the international shipping routes that accounts for 30 percent of global cargo traffic and a natural channel that goes up to 24 meters below the sea makes Vizhinjam an ideal hub for some of the world’s biggest ships to call in.

RBI Governor Shaktikanta Das, two other central bankers- Thomas J. Jordan of Switzerland and Nguyen Thi Hong of Vietnam earned an ‘A+’ grade in the Global Finance Central Banker Report Cards 2023. "The Bank Governors who earned an ‘A+’ grade in the Global Finance Central Banker Report Cards 2023 are Shaktikanta Das from India, Thomas J.

NEW DELHI : India may not escape the impact of a global economic downturn particularly at a time elections are coming up, KPMG India chief executive officer (CEO) Yezdi Nagporewalla said. He also highlighted the opportunities thrown up by India’s large talent pool. “We are at a juncture where the global trends are not very positive.

The chief executive over Georgia's seaports says larger cargo ships will need deeper water and a taller bridge to reach the Port of Savannah in the near future

(Reuters) -Electric-vehicle maker VinFast Auto (NASDAQ:VFS) said on Wednesday it would acquire a 99.8% stake in battery maker VinES from its founder Pham Nhat Vuong as it seeks to ramp up its integration in the production value chain and competitive advantage.

sugarcane and key ingredient for ethanol productions — as it expects a decline in sugar production in the upcoming season, senior officials said. The curbs on exports are expected to boost the availability of molasses for domestic distilleries, which will help them meet the government's ethanol blending target, said an officer on condition of anonymity. India witnessed the driest August in 122 years with rainfall during the month being 36% below average, causing damage to the sugarcane crop in key cane-producing states such as Maharashtra and Karnataka. In August, the Indian Sugar Mills Association (ISMA) released its preliminary estimate of sugar production for the 2023-24 season at 317 lakh tonnes against 328 lakh tonnes for the current season. The sugar year starts in October and ends in September next year. However, ISMA said it is expected to come out with a more accurate estimate after a satellite assessment of the sugarcane plant by mid-October.