Vietnam

Winter getaway: Thailand leads despite 51% rise in flight fares from India

While destinations like Thailand, Vietnam, and Bali have seen an 80-100% surge in flight bookings, the Maldives has dropped out of the top-searched destinations

Extreme heat, high temperature puts garment factory workers at risk: Study

Report identified only three retailers - Nike, Levi's, and VF Corp - which specifically include protocols to protect workers from heat exhaustion in their supplier codes of conduct

India, Vietnam hold 3rd security talks, boost ties against terrorism, crime

Two sides exchanged views on global and regional security and the implementation of aspects of the Action Plan for the India - Viet Nam Comprehensive Strategic Partnership

Nvidia, Vietnam govt sign pact to jointly build AI research, data centres

Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal

Vietnam suspends Chinese online retailer Temu as it fails to register

Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume its business once it registers. The suspension comes after the ministry had raised concerns about the authenticity of Temu's extremely cheap products and their impact on Vietnamese manufacturers. Temu said Thursday it was working with the Vietnam E-commerce and Digital Economy Agency and the Ministry of Industry and Trade to register its e-commerce services and had submitted required documents. Temu began selling goods in Vietnam in October with aggressive discounts and free shipping. The government had warned the company that its app and website would be blocked if it did not register before an end-of-November deadline, official Vietnam News Agency cited the Ministry of Industry and Trade as saying. On Thursday, Vietnamese ...

Vietnam upholds tycoon Truong My Lan's death sentence unless she pays $9 bn

Real estate tycoon Truong My La has been ordered to pay three-quarters of the amount she is accused of defrauding to have her ruling reduced to a life sentence

Vietnamese Mogul Truong Lan told to repay missing billions to save her life

Prosecutors have so far argued against leniency at her hearing in Ho Chi Minh City unless she finds a way to return a significant chunk of the 415.7 trillion dong

Iran, Israel among rivals to showcase their arms at Vietnam defence expo

China's state-owned defence giant Norinco Group, which is subject to U.S. sanctions, will attend, Le Quang Tuyen, deputy head of the defence industry department, said on the sidelines

Chinese defence firms to join Vietnam arms fair as military ties grow

The two countries are close economic partners but have long been embroiled in maritime disputes in the South China Sea, where they have overlapping claims. They also fought a brief border war in 1979

Ongoing military exercise VINBAX-24 at Ambala to boost Indo-Vietnam ties

The 5th Edition of "VINBAX 2024" is being conducted from November 4 to 23 at Ambala and Chandimandir

India's domestic air tariff up 43% in 5 years, just behind Vietnam

The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting

After SpaceX's requests, Taiwanese suppliers move manufacturing abroad

A second source who collaborates with Taiwanese satellite component makers on the island said suppliers were directly asked by SpaceX to transfer manufacturing abroad

Foxconn subsidiary seeks $80 mn Vietnam investment for integrated circuits

Foxconn, formally known as Hon Hai Precision Industry, already has major operations in Vietnam

US tech firms warn Vietnam's law to hamper data centres, social media

The draft law, being discussed in parliament, is also designed to ease authorities' access to information

Water tech company AO Smith completes acquiring Pureit Business from HUL

Global water technology company A.O. Smith Corporation on Friday announced the completion of the acquisition of FMCG major HUL's water purification business Pureit. HUL, in a regulatory filing, said it has "completed the sale and divestment of its water purification business carried under the brand Pureit'." Pureit offers a broad range of residential water purification solutions across India, Bangladesh, Sri Lanka, Vietnam and Mexico, among others. HUL in July this year announced the sale of its water purification business to AO Smith India Water Products for USD 72 million (about Rs 600 crore), as part of a global transaction by its parent Unilever. While AO Smith Corporation, in a statement had said the purchase price would be approximately USD 120 million in cash, subject to customary adjustments. Commenting on the completion of the acquisition, A. O. Smith Chairman and CEO K J Wheeler said, "This acquisition aligns with our strategy of adding scale and enhances our premium wate

Clash of titans: Samsung in Vietnam and Apple in India race for market lead

Apple Inc exported iPhones worth $10 bn from India in FY24, a fifth of what Samsung achieved last year in Vietnam

Vietnam to work with Brics as PM Chinh meets with China, Russia leaders

Chinh fell short of stating Vietnam's explicit interest in joining the club, a move that could bring the Communist-run southeast Asian nation closer to China and Russia

Vietnam appoints Army General Cuong as new President after long turmoil

Vietnam elected Luong Cuong, a military general, as its new president on Monday, the fourth official to fill the role in 18 months. Cuong, 67, was elected by the National Assembly to replace To Lam, who remained president even after he was formally appointed as the general secretary of the ruling Communist Party in August. The role of the general secretary is the most powerful position in Vietnam while the presidency is largely ceremonial. Cuong, who has served in the Vietnamese army for over four decades, has been a Politburo member since 2021. His appointment took place after months of uncharacteristic tumult in Vietnam's politics and the death of former party general secretary Nguyen Phu Trong, who had dominated the country's leadership since 2011. Trong was an ideologue who viewed corruption as the single gravest threat in maintaining the party's legitimacy and launched a sweeping anti-graft campaign known as the blazing furnace. It singled both business and political elites,

Vietnamese real estate tycoon found guilty of fraud in govt graft crackdown

A Vietnamese real estate tycoon was convicted Thursday of fraudulently obtaining property worth billions of dollars in a case that has been a centrepiece of the government's crackdown on corruption. Truong My Lan was already convicted in April by the same Ho Chi Minh City court of fraud amounting to UDS 12.5 billion nearly 3 per cent of the country's gross domestic product in a separate case and sentenced to death by lethal injection. The trials were broken into two parts due to the number of allegations against her, and Thursday's verdict, which carries a maximum penalty of life in prison, adds to Lan's legal troubles as she awaits the appeal of her death sentence to be heard. Vietnam has handed down more than 2,000 death sentences in the past decades and executed more than 400 prisoners. It is a possible sentence for 14 different crimes but is generally only applied in cases of murder and drug trafficking. Standing here today is a price too expensive for me to pay. I consider t

Meta looks to expand production of mixed reality headsets in Vietnam

Meta also said it would soon begin testing Meta AI in Vietnamese, having started its Business AI for Messenger testing in the country in June, with its full launch by the end of this year