Vietnam Financial News

Joe Biden will «reaffirm US commitment to the G20» as the premier forum of economic cooperation globally and will also speak about a range of issues, including the social effects of Russia's war in Ukraine, the White House said on Tuesday. White House press secretary, Karine Jean Pierre made the remarks during a media briefing. Announcing the President's schedule, Pierre said that Biden «will travel to Hanoi, Vietnam, on September 10 following his participation in the G20 Summit in New Delhi.» Responding to a question on topline goals President Biden hopes to accomplish at G20, the White House press secretary said, «President Biden will reaffirm the US commitment to the G20 as the premier forum of economic cooperation globally.» She also said that President Biden will «discuss a range of joint efforts to tackle global issues, from the clean energy transition and combating climate change to mitigating the economic and social impacts of Russia's war in Ukraine, to increasing the capacity of the multilateral development banks to better fight poverty and take on the significant transnational challenges that are afflicting countries across the world.» US President Joe Biden will travel to India on a four-day visit to attend the G20 Leaders' Summit in September in New Delhi during which he will discuss joint efforts to tackle global issues like climate change, including the Ukraine war with member nations, White House confirmed in a statement on August 22. It said Biden and G20 partners will also discuss clean energy transition and combating climate change increasing the capacity of multilateral development banks. India is set to host G20 Summit on September 9 and 10. Prime Minister Narendra Modi visited the US in June, where

By Jamie McGeever

container rates are expected to stabilise shortly, after a steep fall earlier this year, according to Vikash Agarwal, managing director, South Asia, for global shipping and logistics firm Maersk. He said softening economies and inflationary pressure are some of the impediments in global trade.

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(Reuters) — Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

By Jamie McGeever

China have resulted in India's steel exports falling by a third, but local producers will have a limited impact given robust sales in the domestic markets, experts said. Domestic demand will also help in keeping the price of the alloy stable in the country, they said. China’s steel exports, including to India, have seen a sharp jump in recent months. Its shipments to India, for instance, hit a multi-year high in the June quarter. Chinese mills are also reported to be undercutting other steel producers in terms of prices. This, in turn, has had an impact on exports by Indian steel companies, with countries in the Middle East and Vietnam buying more steel from China. India exported 780,000 tonnes of finished steel and billets a month on average between January and July, as against an average of 1.08 million tonnes a year earlier, data from market intelligence platform SteelMint show.

According to a report by CNN, in 2021, Murugan fell off the back of an overcrowded lorry, leading to a fracture on his leg. Murugan’s accident occurred on January 3, 2021.

₹37-38 a kg and ₹92-93 for basmati rice. Traders said that free-on-board (FoB) parboiled rice price is around $500 a tonne and $1,000 a tonne for basmati varieties.

BSE Sensex has run up quite a bit in recent months. After touching its all-time high of 67,619 in July 2023, it currently trades at 65,400 levels. In this bullish market, most stocks have climbed up the ladder, commanding rich valuations.

Air India Express has chalked out an aggressive expansion drive deploying 50 Boeing 737 Max planes by the end of 2024. The airline is aiming to corner a firm second place, behind market leader IndiGo, in the cut-throat Indian domestic market, people aware of the development said. Air India Express, which currently has 25 aircraft, is in the process of being merged with AirAsia India, which has 28 Airbus A320neo planes.

BRICS summit in Johannesburg, South Africa, that started yesterday will discuss many things. It will, however, focus on membership expansion from five members — Brazil, Russia, India, China, South Africa — to a much larger group. South Africa has invited 67 countries to the summit of which 53 are African.

EcoSoul Home aims to accelerate the movement towards a sustainable lifestyle by tapping Earth’s most renewable sources. With a diverse range of products in kitchenware, dinnerware and cutlery, the brand claims to drive the 3As of sustainability — awareness, availability and affordability.

NEW DELHI : Vietnam is pushing for a visit to India by its Prime Minister Pham Minh Chinh, according to persons aware of the matter. India and Vietnam have forged a close strategic partnership in recent years.

Narendra Modi came to power in 2014. From being a net importer, India has become a net exporter of handsets. Elsewhere in Asia, the contest is over semiconductors.

India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia. According to a joint media statement, the meeting welcomed the progress of the review of the Asean-India Trade in Goods Agreement (AITIGA).

Countries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth

solar exports from Southeast Asia, saying the move will slow clean energy deployment and harm climate progress. “We’ve gone from toasting the anniversary of the Inflation Reduction Act and its positive impacts on America’s energy transition to lamenting the imposition of harmful solar tariffs that will severely constrict solar availability in the US,” Gregory Wetstone, president of the American Council on Renewable Energy, said Friday in an interview.

DyeCoo says its process for getting colorants onto fabric doesn’t use any water or bonding chemicals — water is still needed for rinsing, though — and can halve a factory’s typical water use and emissions from textile dyeing. (About 95% of the CO2 can also be recycled between jobs.) Since 2010, the company has been working with garment makers in Taiwan, the Netherlands and Southeast Asia, and its backers include Nike Inc.’s venture arm and Ikea.

SJS EnterprisesMarquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.Jio FinancialJio Financial Services, which recently demerged from parent Reliance Industries, will get listed on stock exchanges on August 21.Kotak Mahindra BankKotak Mahindra Bank's chairman Prakash Apte said the attrition challenge for the bank is concentrated at the junior management level.Read more: What changed the market while you were sleepingPNB Housing FinancePNB Housing Finance said through its focussed and multi-pronged resolution strategy, it has successfully resolved and fully recovered a large corporate non-performing account of Rs 784 crore.TitanTitan will acquire an additional 27.18% of equity shares in its subsidiary CaratLane Trading for Rs 4621 crore.Ashok LeylandAshok Leyland will issue Rs 870 crore corporate guarantee to cover lender facilities of two subsidiaries Optare Plc and Switch Mobility UKM&MMahindra & Mahindra announced proactive inspection of select XUV products.KEC InternationalKEC International, an RPG Group Company, has secured new orders of Rs 1,007 crore across its various businesses.ONGCONGC Videsh has secured a three-year extension from Vietnam to explore 'Block 128' in the South China Sea.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast makes a splash in its market debut; Tesla cuts prices in China; and Mullen continues to fight delisting.