Vietnam Financial News

Army chiefs and senior officers from 30 countries including the United States met in India Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China. US Army chief Randy George said the region was «critically important», speaking to reporters alongside his Indian counterpart Manoj Pande, and vowed to boost cooperation to «maintain a free and open Indo-Pacific». Generals from Japan and Australia, which make up the «Quad» defence cooperation forum alongside Washington and New Delhi, also took part, as did Britain and France. As the generals met, China's Foreign Minister Wang Yi said that Beijing would oppose the «wanton expansion of military alliances», the latest in a string of warnings as Washington deepens security ties in the Asia-Pacific. Beijing has long said that any effort to establish a NATO-like military alliance in the Asia-Pacific would provoke conflict. Nations present at the two-day conference in New Delhi included Vietnam and the Philippines, both of which have longstanding pending territorial disputes with China. The conference, which launched in 1999, brings together army chiefs and top officers from 30 countries. India's Pande said the region faced challenges on both land and at sea. «These range from territorial disputes over land masses, or in some cases, even over artificially expanded islands to acquire real estate and establish military bases,» Pande added, in an indirect reference to China. India has also had to balance its traditional alliance with Russia — the provider of most of its arms imports, and now a source of cut-price oil — with growing ties to Washington. «The partnership between India and the US armies is vital for

SBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines. From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia.

India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification on late Monday evening. While amending the export policy, DGFT maintained that the export will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their government. Last month, India had decided to allow the export of rice to «meet the food security requirements» of Singapore. West African country Benin is one of the major importers of non-basmati rice from India.

The Circle: Founders Club (The Circle FC) unveiled the onboarding of ten high-potential Korean startups into the Korea Startup Center (KSC) India 2023 program. The Circle FC, a business accelerator for growth-stage startups, partnered with KISED to run this program for the second year in a row. This program is run across 8 countries including India, USA, Israel, France, Singapore, Vietnam, Finland and Sweden.

Zareen stamped her authority in the women's 50kg by registering a dominant 5-0 win over Vietnam's Thi Tam Nguyen while Preeti Pawar (54kg) moved to the quarterfinals of the Asian Games here on Sunday. In a rematch of March's world championship final, Zareen once again defeated two-time Asian Champion Nguyen by unanimous decision to move to the pre-quarters. Putting up a dominating show, talented Indian boxer Preeti notched up a an RSC win over Jordan's Silina Alhasanat. One of only four boxers to not get a first round bye in the 50kg event despite being the reigning world champion, Zareen controlled the proceedings from the word go. In the opening two rounds Zareen landed accurate punches, rattling her opponent. Such was her power that the referee was forced to give Nguyen the eight count twice in 30 seconds in the opening round. Nguyen tried to attack in the second round but Zareen retaliated with strong combination punches, forcing a third eight count upon the Vietnamese boxer. With her work done, Zareen conserved energy in the final three minutes, defending beautifully with the help of her nimble footwork. Zareen will face Chorong Bak of South Korea in the Round of 16 while a tough bout awaits Preeti.

PTI, the airline plans to expand its services to India by introducing a new route between Tiruchirappalli (Tamil Nadu) and Ho Chi Minh City, with the launch expected in November, according to airline officials. In August, Vietjet initiated direct flight services from Kochi in Kerala to Ho Chi Minh City. A senior representative from the airline mentioned that Vietjet currently operates 32 round-trip flights to and from India each week.

Indian Army contingent, comprising 32 soldiers representing the 14 Rajputana Rifles, departed for Russia to participate in the ASEAN Defence Ministers Meeting Plus Expert Working Group on Counter Terrorism, the Ministry of Defence said in a statement. The Counter Terrorism Field Training Exercise (FTX) 2023 will be conducted from September 25-30. «Indian Army Contingent consisting of 32 personnel from a Battalion affiliated to the RAJPUTANA RIFLES departed for ASEAN Defence Ministers Meeting (ADMM) Plus Expert Working Group (EWG) on Counter Terrorism Field Training Exercise (FTX) 2023 scheduled to be conducted from 25th to 30th September 2023 in Russia,» the Ministry of Defence stated in a press release. A multinational joint military exercise being hosted by Russia as a co-chair of the EWG along with Myanmar, the meeting was preceded by the Table Top Exercise of the ADMM Plus EWG on Counter-Terrorism at Nay Pyi Taw, Myanmar from August 2-4. Since 2017, the ADMM Plus meets annually to allow dialogue and cooperation among the Association of Southeast Asian Nations (ASEAN) and Plus countries. The inaugural ADMM Plus was convened in Ha Noi, Vietnam on October 12, 2010. This year ASEAN member states, along with the Plus Group, will be participating in the exercise, the Ministry stated. The exercise will comprise a number of counter-terrorism drills, including the destruction of terrorist groups in a fortified area.

rice export ban is boosting prices around the world, increasing the risk of political instability in Asia and Africa, according to the head of a United Nations agency. Prices for the crop, a staple for half the world, surged to the highest in almost 15 years after the top shipper began curbing exports. India accounted for nearly 40% of the global rice trade in the past three years.

Hydropower generation in Asia has plunged at the fastest rate in decades amid sharp declines in China and India, data shows, forcing power regulators battling volatile electricity demand and erratic weather to rely more on fossil fuels. The two countries, which account for about 3/4 of Asia's power generation and most of its emissions, are also to a lesser extent using renewables to make up for the hydropower shortfall and address rising electricity use. Major Asian economies have faced power shortages in recent years due to extreme weather conditions, including intense heat and lower rainfall over large swathes of northern China and Vietnam, as well as in India's east and the north. Higher use of polluting fuels such as coal to meet electricity demand spikes and supply shortages underscore the challenges of lowering emissions.

IPO) due to volatile market conditions, a person with direct knowledge of the matter told Reuters. The person spoke on condition of anonymity as the information is not yet public.

China's top diplomat, then the commander and political commissar of the People's Liberation Army Rocket Force (PLARF), and now the country's minister of defense. The list of disappearing leaders just continues to mount, as Beijing draws a veil of secrecy over the obvious failure of the regime's efforts to curb personal greed and excesses. Speculation about the fate of Defense Minister Li Shangfu took on a new luster when US Ambassador to Japan Rahm Emanuel cheekily tweeted that the «unemployment rate» in the Chinese government was very high.

G20 summit in Delhi on September 9th and 10th—an unprecedented absence. But on September 16th and 17th Wang Yi, who succeeded Mr Qin as foreign minister in late July, met America’s national security adviser, Jake Sullivan, in Malta. According to Bloomberg, they discussed a possible meeting between Mr Xi and President Joe Biden at a gathering of Asia-Pacific leaders scheduled for November in San Francisco.

Vietnam has detained the director of a think tank that works on energy issues in the country

Ngor won an Academy Award for Best Supporting Actor for his role in his debut film, 'The Killing Fields'. With his role in the 1984 historical drama based on the genocide committed by the Pol Pot regime in Cambodia, Ngor became the first Asian-American to win in the category. Haing S Ngor's life came to an end on February 25, 1996, when he was killed outside his Los Angeles home. Initially, it appeared to be a botched-up robbery, but more details eventually emerged suggesting the possibility of shadowy forces behind the scene.

Semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming more significant over time for Intel, the company’s chief executive officer Pat Gelsinger said. “With our footprints in Malaysia and the vast supply chains in China and Taiwan, and areas like Vietnam, Indonesia, and India are now becoming more significant. As these projects start coming online with their manufacturing capabilities, we will have a robust Americas supply chain, and robust supply chain in Europe and Asia,” Gelsinger said, responding to a question from ET.

G7 countries putting constant pressure on the Indian diamond trade on the origin of rough diamonds that the country cuts and polishes, exporters are now seeking to step up sales to China, which has slowed down its diamond purchases in the past eight months. Cut and polished diamonds are a major foreign exchange earner for India. India's diamond exporters are expecting demand from Chinese buyers for the country's cut and polished diamonds at the Hong Kong Jewellery & Gem Fair, which is being held from September 20-24.

airport across Asia-Pacific and the Middle East in offering direct connectivity to foreign destinations, followed by the Doha and Incheon airports. In fact, the Middle East registered a 26% growth in total connectivity in 2022 compared to 2019, with direct connectivity to airports in North America, Africa and Asia-Pacific.

Vietnamese electric vehicle manufacturer VinFast Auto (NASDAQ:VFS) announced on Monday that it experienced a substantial increase in deliveries during the second quarter, with 9,535 vehicles delivered, marking a more than fivefold surge compared to the first quarter. For the first half of this year, the company reported a total of 11,315 deliveries.

climate action, the Asia-Pacific needs to start delivering on ambitious emissions targets. The Asia-Pacific's greenhouse gas emissions keep rising and in some respects the region is going backwards. Climate action was the only Sustainable Development Goal (SDG 13) in which outcomes went backwards in the Asia-Pacific between 2015 and 2023. Progress towards Sustainable Development Goal 13, taking «urgent action to address climate change», has been a case of two steps forward, one step back in the Asia-Pacific. Over the past two years, countries in the Asia-Pacific have made strides: China and Indonesia have undertaken to transition their economies to net zero by 2060, Australia and most Southeast Asian countries by 2050. China has massively invested in renewable energy.

Gen. Li Shangfu may have been removed and detained became rife after he was conspicuously absent at the meeting of the Central Military Commission (CMC) here on Friday.

In the era of financial digitalization, the Chainalysis Global Crypto Adoption Index for 2023 stands as a pivotal resource, charting the nuanced ways countries are embracing cryptocurrency based on their unique socio-economic factors.