India’s trade deficit with ASEAN widens

India’s trade deficit with ASEAN widens

India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam has been ranked second among the most "promising" countries for overseas business over the medium-term (next three years), according to a survey conducted by the Japan Bank for International Cooperation (JBIC) among Japanese manufacturers.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

India eyes strengthening relations with ASEAN: Foreign Minister

India eyes strengthening relations with ASEAN: Foreign Minister

External Affairs Minister of India S. Jaishankar on Wednesday expressed India’s intention to strengthen India-ASEAN relations, especially under Malaysia’s chairmanship of ASEAN next year when he paid a courtesy call to Malaysian Prime Minister Datuk Seri Anwar Ibrahim.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

More banking activities can boost India-Vietnam ties: envoy

More banking activities can boost India-Vietnam ties: envoy

Increased banking activities would enhance economic, investment and trade ties between Vietnam and India, Indian ambassador Sandeep Arya said Friday at the Business Meet on India-Vietnam Business and Banking Services.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast begins building $500 mln EV factory in India

VinFast begins building $500 mln EV factory in India

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, officially broke ground on its first integrated EV manufacturing facility in the state of Tamil Nadu, India, on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam

India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam

India’s Adani group and Japan’s Sumitomo have expressed their interest in building Danang’s VND48.3 trillion ($1.96 billion) Lien Chieu seaport project, the central city says.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, earned $1,096.9 million from vehicle sales in 2023, up 111.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast to break ground for integrated EV facility in India

VinFast to break ground for integrated EV facility in India

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will break ground on its integrated manufacturing project in Thoothukudi city, Tamil Nadu, India this Sunday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

India initiates anti-dumping, countervailing duty probe into solar glass imported from Vietnam

India initiates anti-dumping, countervailing duty probe into solar glass imported from Vietnam

India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping and countervailing duty probe into imports of textured, tempered, coated and uncoated glass made in or from Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam rare earth production halved to 600 tons: US Geological Survey

Vietnam rare earth production halved to 600 tons: US Geological Survey

Vietnam’s 2023 rare earth production, estimated at 600 tons, was down 50% from 2022, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2024 report.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to gain from strong FDI in technology, consumer electronics

Vietnam to gain from strong FDI in technology, consumer electronics

In ASEAN, Indonesia and Thailand are key beneficiaries of FDI inflow into the electric vehicle (EV) sector, while Singapore, Vietnam and Malaysia stand to gain from strong FDI in the technology and consumer electronic industries, writes James Cheo, chief investment officer, Southeast Asia and India, HSBC Global Private Banking and Wealth.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel prices to rise this year, but not significantly: trading floor exec

Steel prices to rise this year, but not significantly: trading floor exec

Several domestic and international factors will push steel prices up this year, but not by much, said Nguyen Ngoc Quynh, deputy general director of the Mercantile Exchange of Vietnam (MXV).

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

EV maker VinFast to build $500 mln facility in India, towards $2 bln investment

EV maker VinFast to build $500 mln facility in India, towards $2 bln investment

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, will build a $500 million EV facility in Tamil Nadu state of India, towards a total investment of $2 billion.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam key beneficiary of 'China plus' manufacturing strategy: Cushman & Wakefield

Vietnam key beneficiary of 'China plus' manufacturing strategy: Cushman & Wakefield

Vietnam is a key beneficiary of China+ manufacturing strategies due to close geographical proximity and wider regional/global connectivity, writes Cushman & Wakefield Vietnam in its "Strength through diversification – Opportunities across Asia Pacific" note.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Rising rice prices create long-term opportunity for Vietnam: former German Vice Chancellor

Rising rice prices create long-term opportunity for Vietnam: former German Vice Chancellor

Vietnam’s rice production is more efficient - almost double the yield per hectare - than other countries like India, Thailand, and the Philippines. The long-term outlook for Vietnamese rice is great as prices are increasing, said Philipp Rösler, former German Vice Chancellor and member of the board of directors of Loc Troi Group.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

LG’s Vietnam factories record higher revenues, lower profits in H1

LG’s Vietnam factories record higher revenues, lower profits in H1

Vietnamese subsidiaries of LG Electronics reported higher sales revenues but lower post-tax profits in the first half of this year, according to the South Korean giant’s financial statements.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fedex launches new Vietnam-India service, strengthens worldwide links

Fedex launches new Vietnam-India service, strengthens worldwide links

Leading courier services provider FedEx Express has launched new flight routes to enhance intercontinental services between Vietnam and India as also destinations in the Middle East, Europe, Africa and Asia.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Global economy likely to grow 3% in 2023, 2.7% in 2024: OECD

Global economy likely to grow 3% in 2023, 2.7% in 2024: OECD

The global economic growth can fall from 3.3% in 2022 to 3% this year and then slow down to 2.7% in 2024, the OECD said in its September interim edition of the OECD Economic Outlook.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam among world’s fastest growing emerging markets over decade ahead: S&P Global

Vietnam among world’s fastest growing emerging markets over decade ahead: S&P Global

Vietnam will be among the world’s fastest growing emerging markets over the decade ahead, along with India, Indonesia and Philippines, said S&P Global’s Asia-Pacific chief economist Rajiv Biswas.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

India urges major firms to invest in Vietnam

India urges major firms to invest in Vietnam

India is encouraging its major businesses to invest in Vietnam, Indian Prime Minister Narenda Modi said to his Vietnamese counterpart Pham Minh Chinh at a Thursday meeting on the sidelines of the 43rd ASEAN Summit in Jakarta, Indonesia.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pakistani, Indian sugar bans won't affect Vietnam market: association

Pakistani, Indian sugar bans won't affect Vietnam market: association

An export ban on sugar imposed by major exporters Pakistan and India will have no impact on Vietnam's supply or prices, according to the Vietnam Sugarcane and Sugar Association (VSSA).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Time to reaffirm Vietnamese rice's stability and long-term viability: Loc Troi Group CEO

Time to reaffirm Vietnamese rice's stability and long-term viability: Loc Troi Group CEO

Vietnam has the potential to sell more rice and reaffirm the stability and long-term viability of the staple, said Nguyen Duy Thuan, CEO of Loc Troi Group JSC - a leading agricultural services and food corporation in the country.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam agri-major Loc Troi prepares rice shipments to Indonesia, Malaysia

Vietnam agri-major Loc Troi prepares rice shipments to Indonesia, Malaysia

Loc Troi JSC, a leading agricultural services and food corporation in Vietnam, will export rice to Indonesia and Malaysia in a new move amidst rising prices in key exporting countries.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VAFIE stands side by side with Indian investors

VAFIE stands side by side with Indian investors

Vietnam’s Association of Foreign Invested Enterprises (VAFIE), with its functions and missions, is always willing to accompany Indian companies in their process of exploring investment opportunities in Vietnam, said Dr. Nguyen Anh Tuan, the association’s standing vice chairman.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam leverages rice exports but assures food security

Vietnam leverages rice exports but assures food security

Vietnam, the world’s third-largest rice exporter after India and Thailand, is expected to ship abroad 7.5 million tons of rice this year while maintaining national food security, officials said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam targets food security, higher rice export revenue

Vietnam targets food security, higher rice export revenue

Vietnam, one of the world's three largest rice exporters, is navigating the situation caused by India’s rice export ban while seeking to ensure sufficient domestic supplies.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US upholds anti-dumping duties on shrimp from 4 Asian sources

US upholds anti-dumping duties on shrimp from 4 Asian sources

The U.S. International Trade Commission (USITC) will continue to enforce an anti-dumping duty on frozen warm-water shrimp imported from China, India, Thailand, and Vietnam.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

India’s Adani Group plans $3 bln investment in Vietnam

India’s Adani Group plans $3 bln investment in Vietnam

India-based conglomerate Adani is looking to build a green port ecosystem and wind and solar power plants with a total investment capital of $3 billion in Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

India car rental app Zoomcar leaves Vietnam after 1.5 years

India car rental app Zoomcar leaves Vietnam after 1.5 years

India’s car rental app Zoomcar will leave Vietnam from end-May, 1.5 years after its debut in the Southeast Asian country in October 2021, the business announced Tuesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's FDI inflows to remain resilient

Vietnam's FDI inflows to remain resilient

VinaCapital’s chief economist Michael Kokalari points out reasons why Vietnam continues to be a prime destination for foreign direct investment (FDI), particularly from multinationals looking to produce for export and seeking an alternative and/or additional manufacturing base to China.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Samsung denies claims smartphone production is moving to India

Samsung denies claims smartphone production is moving to India

Rumors regarding Samsung moving its smartphone production lines from Vietnam to India are unfounded, according to Samsung Vietnam CEO Choi Joo Ho.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

South-central Vietnam seeks to attract huge investment from India

South-central Vietnam seeks to attract huge investment from India

Localities in south-central Vietnam have actively expanded cooperation with Indian businesses in an effort to lure capital flow from the billion-strong market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel High Tech to export IP routers, pilot 5G tech in India

Viettel High Tech to export IP routers, pilot 5G tech in India

Viettel High Technology Industries Corporation, a unit of military-run telecom giant Viettel, signed a deal on Thursday to export IP routers and deploy a trial run of 5G technology network infrastructure in India.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indian consumer giant Marico acquires Vietnam’s Beauty X

Indian consumer giant Marico acquires Vietnam’s Beauty X

India's leading consumer products maker Marico Ltd has agreed to acquire 100% of Vietnam’s Beauty X Corp. to expand its presence in the country, Marico said Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

India ends anti-dumping probe into solar cells from Vietnam, Thailand, China

India ends anti-dumping probe into solar cells from Vietnam, Thailand, China

India’s Ministry of Commerce and Industry has terminated an anti-dumping investigation into imports of solar cells from Vietnam, Thailand, and China following an Indian Solar Manufacturers Association request.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7