Vietnam Financial News

Tesla dealerships to express their opposition to billionaire Elon Musk's involvement in the US government, Al Jazeera reported. Musk, the head of the Department of Government Efficiency (DOGE), has faced criticism for his efforts to cut government spending and access sensitive data. The protests, organised by a group including disgruntled Tesla owners, celebrities, and a Democratic lawmaker, aim to pressure Musk to resign from his government position. Saturday's demonstrations marked the first coordinated effort to target all 277 Tesla locations in the US, as per Al Jazeera. In New York City, hundreds of protesters gathered in front of the Manhattan Tesla store, demanding Musk's resignation. These demonstrations coincide with a decline in Tesla sales, which the organizers hope to exacerbate further. The protesters were gathered at the call of environmentalists from Planet Over Profit, who believe that «stopping Musk will save lives and protect our democracy.»

7.7 magnitude earthquake that was felt across Myanmar, Thailand, China, and Vietnam, Indian tourists in Bangkok safely returned to New Delhi Airport on Saturday, recounting the difficulties they faced in getting back home. Speaking to ANI at Delhi airport, Bharati Khurana described the challenges they encountered due to emergency closures in the city. «The situation is fine now, but yesterday it was very bad. We went out to the market, but it was closed due to the emergency.

Emerging economies such as India, Brazil and Vietnam, which impose tariff on American imports higher than what the US levies on them, face a high risk of reciprocal tariffs, global ratings agency Fitch said. “Brazil, India, Thailand, Malaysia, South Africa, Turkey and, on a simple average tariff basis, Vietnam and Indonesia, impose notably higher tariffs on exports from the US relative to tariffs imposed by the US on imports from these countries,” it said. US President Donald Trump has threatened with his reciprocal tariffs announcement on April 2 against trading partners he says have been “ripping off” the country by imposing high levies. As per the Fitch report, the tariffs in these economies were higher, both on a simple and trade-weighted average basis. “On a simple average basis, the highest differentials are in Brazil, India and Turkey,” Fitch said.

Investors can check Shri Ahimsa Naturals IPO allotment status through NSE and also via the registrar's website.

Vietnam, which has now emerged as the fastest-growing tourism destination in Southeast Asia. Now, Vietnam has emerged as the third-most-visited country in the region, with 17.5 million international arrivals in 2024, edging ahead of Singapore. It follows Malaysia, which had 25 million visitors, and Thailand, which remains at the top with 35 million. The numbers also make Vietnam, also referred to as the Land of the Ascending Dragon, the regional leader in tourism recovery. Five years after the Covid-19 pandemic brought global travel to a halt, Vietnam has regained 98% of its pre-pandemic tourism business, outpacing all its neighbours, including Thailand (87.5%) and Singapore (86%). The momentum shows no signs of slowing down. Nearly four million international tourists arrived in Vietnam in January and February this year, a 30.2% increase from the same period last year, according to figures from the Vietnam National Authority of Tourism.

SUNDAY Hotels have opened in 10 countries across the globe including India, the United Kingdom, Saudi Arabia, the United Arab Emirates, Bahrain, Indonesia, Malaysia, Thailand, Philippines, and Vietnam. SUNDAY Hotels, a premium brand of four-star and five-star hotels, was originally launched in May 2023 through a joint venture between the SoftBank Group and Oravel Stays. The initiative is part of Oravel's ongoing programme to spread its premium hotel footprint around the globe.

Following the move, shares of major steel companies climbed up on the bourses, with state-owned SAIL ending the day 3.99% up on the BSE, while Tata Steel gained 2.52%, JSW Steel 1.35% and Jindal Steel & Power 0.25%. The proposal came following an investigation on a complaint from Indian Steel Association into the sudden surge in imports of non-alloy and alloy steel flat products.

Chittagong port, Bangladesh Food Ministry said in a statement on Monday. "MV Tanais Dream carrying 22,500 tonnes of parboiled rice from India through an open tender and MV Hong Linh 1 carrying 12,500 tonnes of parboiled rice from Vietnam under the (Government-to-Government) G-to-G agreement executed on February 3, 2025 (2nd shipment) have arrived at Chittagong port", the statement said. It is to be noted that an agreement has been signed to import a total of 100,000 tonnes of rice from Vietnam on a G-to-G basis.

Maya’s team—which included another woman, two men and a child— was carrying the skin of an adult tiger and 17 kilos of bones. Before “someone from Meghalaya” could come and collect the consignment from Maya, the police swooped in. “We were stunned to find that these were the remains of a second tiger— we had already missed the first tiger,” says Pranjal Baruah, a range officer of Kamrup, Assam, who had spearheaded the initial probe. Forensic tests traced the skin to one of the three missing tigers from the faraway Tadoba-Andhari Tiger Reserve in Maharashtra. That was a clue something was going awry with the striped beast. Even as India’s tiger population has been steadily climbing over the past couple of decades, it could get derailed. A surging appetite for tiger bones in China and Vietnam and the revival of a smuggling route through Mizoram-Myanmar have reignited dormant trafficking networks. The Assam case was transferred to the Wildlife Crime Control Bureau (WCCB), an arm of the ministry of environment and forests, which cracks down on organised wildlife crime. The agency’s trail led to multiple arrests in Maharashtra. They also caught Mishram Jakhad, an octogenarian from Dwarka in Delhi, believed to be a key link between tiger poachers and smuggling syndicates.

Parliamentary Standing Committee on Health and Family Welfare, in its latest report, has expressed concerns over the functioning of India's drug regulatory authority-Central Drugs Standard Control Organisation (CDSCO)-saying that the current licensing process is plagued by delays, inconsistent timelines, and a lack of transparency, hindering the growth of the medical device industry. «The Committee expresses serious concern that due to rigid process and inordinate delays by CDSCO, a large number of manufacturing units have gone to Vietnam and Malaysia. Rather, several medical devices manufacturers are scared to set up a unit in India due to delaying tactics of the CDSCO,» it said.

Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump's tariff policies, Germany's DHL Group CEO Tobias Meyer told Reuters on Wednesday. «That outlook is mainly based on the 75% of global trade that does not touch the U.S.,» said Meyer, who noted that segment is seeing positive momentum. The global goods trade is expected to expand at a compound annual rate of 3.1% from 2024 to 2029, a modestly faster pace than during the preceding decade, according to the DHL Trade Atlas 2025 prepared by delivery firm and New York University's Stern School of Business.

With Mexico and Canada as two of America's biggest suppliers of food items and beverages, the tariffs will soon drive prices up and may cause supply chain disruptions while demand stays high, New York Post reported.

macroeconomic stability, highlighting the country’s policy certainty and structural improvements over the past three decades. At the same time, he sees significant potential in Vietnam’s rapidly evolving economy, making it a compelling investment destination for long-term growth.

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export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw increased demand. India's 5% broken parboiled variety was quoted at $409-$415 per tonne, down from last week's $413-$420. Indian 5% broken white rice was priced at $390-$400 per ton this week. Vietnam has been aggressively selling rice in the world market, which has put pressure on prices in other countries, said a New Delhi-based dealer with a global trade house.

According to a stock exchange notice today (7 March), the conditional tender offer will be based on the trust's net asset value (NAV) total return underperforming against its reference index, which is currently the Vietnam Ho Chi Minh Stock index (VN index), over the five-year period to 31 March 2030.  While the board said it «has confidence» that the trust's investment manager will be able to outperform the index over the coming five years, if the performance falls below this index, shareholders will be able to realise up to 100% of their interests in the vehicle.  Baillie Gifford Ch...

Trump has doubled down on the on the tariff war that he's unleashed, pledging to impose similar levies on India and others from April 2. These reciprocal tariffs are in response to, according to him, high import taxes on American goods.

Subscribe to enjoy similar stories. In the last two weeks, the People’s Liberation Army (PLA) of China conducted live-fire naval drills in the international waters off Australia, New Zealand and Vietnam, and shooting drills in the Taiwan Strait. This show of military might is a sign of China’s growing confidence as a maritime power.

United States President Donald Trump’s threatened steel tariffs that don’t kick in for two weeks are impacting U.S. buyers who already are seeing American-made metal cost more than imports.

Subscribe to enjoy similar stories. Being ‘not China’ may have been the easy part. A big manufacturing pitch in several Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the US.