Vietnam Financial News

Subscribe to enjoy similar stories. New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Trump had proposed during his campaign an additional 10% import tariff on all goods imported into the US and a 60% tariff on goods from China.

free trade agreement in goods in February, the commerce and industry ministry said Saturday, adding that the fourth round of the negotiations was concluded here this month.

Subscribe to enjoy similar stories. RIO DE JANEIRO—When Brazilian President Luiz Inácio “Lula" da Silva called for “more multilateralism" at the opening of the Group of 20 nations summit on Monday, the remark appeared aimed at someone who wasn’t in the room: Donald Trump. Many leaders from Europe, Asia, Latin America and Africa at the G-20 summit and the Asia-Pacific Economic Cooperation meeting in Peru last week made clear their alarm at prospects for a sharp U.S.

ProcMart, an online B2B e-commerce marketplace, is expanding into biofuels and sustainable packaging. Anish Popli, Founder and CEO of ProcMart, said that 90% of the company’s clients are Fortune 500 companies. “These clients put a lot of weightage on sustainability. Their procurement managers come to us looking for a sustainable supply chain. After discussions with them, we have realised we can help these large organisations in biofuels and packaging,” he said. Sustainable packaging is one way to reduce carbon emissions, and ProcMart can contribute to this as it is also into packing and shipping items. ProcMart, being a marketplace for commodities, has added biofuel in its products. It has started procuring biofuels for clients. Popli says more clients are asking for biofuels.

Subscribe to enjoy similar stories. President Trump’s election has reignited the debate over whether he might attempt to fire Federal Reserve Chairman Jerome Powell. Yet firing Mr.

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After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of the region’s major economies, the Asia-Pacific Economic Cooperation forum wraps up with a spirit of detente that many fear the annual summit may n...

«I decided on Baku because I am getting a Baku Marriott Hotel Boulevard at ₹58,000 for four nights for two adults and a child,» she said. «In contrast, rates for some properties in Kovalam, Udaipur and Rishikesh are steeper than this for a night.» She's not alone. Rates for the Christmas-New Year period at many popular leisure destinations such as Varanasi are turning out to be much higher than international locations such as Danang in Vietnam, persuading many to look overseas.

natural rubber prices in the international markets are set to rise further as manufacturers have guided for further hikes in the ongoing quarter. According to them an increase of 2-6% taken since the beginning of FY25 is not commensurate with the increase on account of natural rubber prices. This, in turn, has jacked up raw material prices as percentage to net sales by 6-8%. Higher input costs coupled with a tepid demand from truck and carmakers dented profitability at all tyre makers in the second quarter over the year-ago period.

Visa said on Tuesday it was rolling out a flexible payments feature in the U.S. and the United Arab Emirates, as it looks to capitalize on the growing demand for a variety of transaction options. The «flexible credential» feature, already available in Hong Kong, Japan, the Philippines, Singapore, Thailand and Vietnam, lets customers use a single card to pay from different funding sources, the payments processor said. Customers are increasingly prioritizing convenience and flexibility in payments, especially as e-commerce flourishes, prompting companies to take proactive steps to maintain their edge in an industry being reshaped by digital disruptors.

Subscribe to enjoy similar stories. Shares of Steel Authority of India Ltd (SAIL) have dropped around 6% since the company reported weak September quarter (Q2FY25) results on Thursday. A downward revision in the FY25 sales volume guidance has likely added to the negative sentiment.

Subscribe to enjoy similar stories. If anything has lived, we will eat it," my father once boasted. He certainly did, trying beetles in Mizoram and rats in Nagaland and, along with my mother, encouraging us to enjoy the blood curries and sundry offal specialities of north Karnataka.

Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for the return of President-elect Donald Trump who has pledged to slap steep tariffs across the board on imports from other countries

Subscribe to enjoy similar stories. In a move to curb cheap Chinese steel imports and protect the domestic industry, the government is planning to bring additional steel products under the Bureau of Indian Standards (BIS) framework. The plan also involves expanding the classification of existing steel standards to prevent products with minor variations from escaping scrutiny during imports, two persons aware of the development said.

Ambala and Chandimandir, marks a significant increase in scope with bi-service level participation for the first time by personnel of the army and the air force from both countries, the defence ministry said. The exercise is a sequel to the bilateral exercise in Vietnam in 2023 and a major milestone in strengthening the bilateral relations between India and Vietnam. «The aim of 'VINBAX 2024' is to enhance joint military capability of both sides in employment and deployment of Engineer Company and Medical Teams to undertake engineering tasks as part of a United Nation contingent in peacekeeping operations under Chapter VII of the United Nations Charter,» the defence ministry said in a statement.

CIF liner out for rice sourced from India, an official in Bangladesh and European traders said. Offers are still being considered and no purchase has yet been made, they said. The lowest offer was believed to have been submitted by Pattabhi Agro Foods, they said.

Subscribe to enjoy similar stories. At the 39th ASEAN Roundtable, hosted by a research institute in Singapore on October 28th, the room was split. With Asia riven by an assertive China and a protectionist America, some attendees called for hard-headed thinking about trade-offs.

Gautam Adani is exploring investment opportunities in Bhutan's Gelephu Mindfulness City, a new urban project aimed at transforming the southern region of the Himalayan kingdom into a thriving economic hub. Gelephu Governor Lotay Tshering told Bloomberg, Bhutan is engaging with the Adani Group, led by Asia's second-richest individual, to develop solar and hydroelectric plants within this ambitious 1,000-square-kilometer township near the Indian border. Bhutan’s investment initiative underscores its long-standing alliance with India, which views Bhutan’s growth as strategic for countering China’s influence in the region. This partnership offers Adani Group a chance to bolster its green energy portfolio, aligning with its existing international projects across Israel, Kenya, Sri Lanka, Bangladesh, and Vietnam. Governor Tshering, who served as Bhutan’s Prime Minister until 2023, revealed that hundreds of sites have been identified for renewable energy projects in the Gelephu area. With an estimated capacity addition of 20 gigawatts, the project aims to establish a sustainable energy network. This includes planned contracts for constructing roads, bridges, and facilities that could attract investors from across Asia.