The country's largest-ever fraud case is among a slew of high-profile proceedings following from the Communist Party of Vietnam's crackdown on corruption
The Cabinet today cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner
A Vietnamese official confirmed that SpaceX and information ministry representatives had held several meetings from at least the middle of last year until November 2023
Vietnam, the world's third biggest rice exporter, has imported at least 200,000 metric tons of husked brown rice from India between December and February, the sources said
The project aims to evolve into a first-class electric vehicle production hub in the region, with an annual capacity of up to 150,000 units
The production, distribution and usage of hydrogen will help "meet the country's national targets for climate change, green growth and to meet its net zero target by 2050," the document said
For India to succeed, it needs to start thinking outward, which means understanding that the investment and business environment there isn't competitive
If you tax inputs, you are taxing your outputs, Garcetti noted. "You are not taxing us, you are not protecting the market. What you are doing is limiting a market."
Global hospitality group Marriott International on Wednesday said they added 12 properties in India in 2023 and over 60 in the Asia Pacific region, excluding China. This addition has brought the company's presence to more than 560 operating hotels and residences, and exceeded 10 per cent net rooms growth compared to 2022, the hospitality group said in a statement. In the last year, Marriott added over 60 properties to its portfolio, particularly in key travel markets such as Japan, India, and Vietnam, it said. The 12 hotels in India have approximately 1,431 rooms, as per the statement. The company also signed over 80 deals across 13 markets, representing approximately 18,000 rooms. At the end of 2023, Marriott's development pipeline for the region stood at over 320 hotels with over 69,000 rooms, it said. In 2023, 15 per cent of the deals signed in APEC were in the luxury segment and a record nine luxury hotels were opened in the region, including The Ritz-Carlton, Melbourne, whic
KP Aero will be formally granted later this week the authorisation to invest $20 million in Vietnam, authorities in the central city of Danang said in a media statement on Wednesday
In spite of PLI incentives, India's gap with China, Vietnam is not fully bridged, leaving a gap of 4-5%. However, if tariffs are brought down, ICEA estimates that exports will go up to $50 bn by FY27
The unit in Thoothukudi to have an annual capacity of 150,000 units
The unit in Thoothukudi to have an annual capacity of 150,000 units
Construction on the project's EV and battery manufacturing plants is expected to start this year and generate 3,000 to 3,500 jobs locally, the statement said
Zomato's revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2, up from Rs 1,661 a year ago. It had reported a revenue of Rs 2,416 in the previous quarter
The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the sources said
The government has reviewed the steel import situation amid concerns raised by the domestic industry over the increased inward shipments, according to an industry official. Steel players have been raising concerns with various ministries including steel and commerce over the surge in steel imports from select countries like China and Vietnam. The Ministry of Steel on Wednesday held a meeting to review the import situation in the country, an industry executive said. The meeting was chaired by steel secretary Nagendra Nath Sinha and attended by representatives of various steel companies. Several ministry officials also participated in the hour-long meeting, he said. "Steel makers informed the ministry that there has been a continuous surge in imports from countries like China and Vietnam despite the same type of steel being available in India," a Steel Ministry official said. When asked about the steps, the official said any action can be initiated only after the study of details ..
Chinese leader Xi Jinping met with Vietnam's prime minister and the head of the country's National Assembly on Wednesday, on the second day of his visit to shore up Beijing's relationship with Hanoi after the Southeast Asian nation recently elevated its ties with Japan and the United States. Xi met with Communist Party General Secretary Nguyen Phu Trong on Tuesday, and they announced that China and Vietnam would work toward a community with a shared future, in what was seen as a diplomatic concession by Vietnam to Beijing. The two sides signed 36 agreements, mostly about deepening cooperation," ranging from telecommunications to cross-party exchange, according to Vietnamese media reports. Vietnam has resisted using that phrase in the past but wanted to assuage Beijing's concerns after Vietnam designated both the US and Japan as comprehensive strategic partners" in recent months the highest official designation for a diplomatic relationship. Chinese state media says the designation .
Chinese leader Xi Jinping met with Vietnam's prime minister and the head of the country's National Assembly on Wednesday, on the second day of his visit to shore up Beijing's relationship with Hanoi after the Southeast Asian nation recently elevated its ties with Japan and the United States. Xi met with Communist Party General Secretary Nguyen Phu Trong on Tuesday, and they announced that China and Vietnam would work toward a community with a shared future, in what was seen as a diplomatic concession by Vietnam to Beijing. Vietnam has resisted using that phrase in the past but wanted to assuage Beijing's concerns after Vietnam designated both the US and Japan as comprehensive strategic partners" in recent months, a designation it uses for China. The status is Vietnam's highest official designation for a diplomatic relationship. Xi referenced the phrase again on Wednesday in a meeting with National Assembly Chairman Vuong Dinh Hue. In the next stage, both sides need to strengthen .
Chinese leader Xi Jinping arrived in Vietnam on Tuesday seeking to further deepen ties with the Southeast Asian nation, weeks after it elevated its diplomatic relations with Western-aligned countries. In his first visit since 2017, Xi will meet with Communist Party General Secretary Nguyen Phu Trong, President Vo Van Thuong and Prime Minister Pham Minh Chinh, Vietnam's Foreign Ministry said. This reflects Beijing's concerns about Hanoi's advances with the West, said Nguyen Khac Giang, a visiting fellow with the ISEASYusof Ishak Institute in Singapore. Concerns that Vietnam may join an anti-China alliance and gang up against China. The Chinese leader received a red carpet welcome as Pham greeted him on the tarmac. Dozens of Chinese and Vietnamese nationals gathered at the airport, waving Chinese and Vietnamese flags to welcome Xi and his wife, Peng Liyuan, who accompanied him on the visit. Xi's visit marks 15 years of China being a comprehensive strategic partner" of Vietnam, the ..