Page 9 - Vietnam

Vietnam govt approves plan to cut power output from coal-fired plants

The Vietnamese government has approved a plan that needs $134.7 billion to reduce coal-fired electricity generation and improve the country's power grid by 2030

Vietnam's economic hub Ho Chi Minh city to revive manufacturing sector

Vietnam's southern economic hub Ho Chi Minh city is seeking ways to revive its manufacturing sector, which currently accounts for only 18 per cent of the city's economy, state media reported on Friday

Apple to open first online shop in Vietnam in push to emerging market

The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India - Mumbai and Delhi

Govt faces hurdles in wooing Taiwan's chip assembly and testing firms

Companies have concerns on India's ability to provide a stable, predictable, and lasting policy environment for years to come -a key for capital-intensive business

Vijayan meets envoys of UAE, Vietnam at Kerala House in Delhi

Kerala Chief Minister Pinarayi Vijayan on Friday met the Ambassadors of UAE and Vietnam to India and held discussions with them in New Delhi. The CM met Abdulnasser Alshaali and Nguyen Thanh Hai respectively at Kerala House in the national capital, a CMO statement here said. The discussions were held with regard to improving the foreign countries' relationship with the southern state, it said. Chief Secretary V P Joy and Officer on Special Duty Venu Rajamony were present during the meeting, it said. Vijayan had also met Ambassador of Argentina in India, Hugo Javier Gobbi on Thursday. During the meeting, the envoy had presented the Kerala CM with an Argentinian football jersey in the presence of well-known footballer from the state I M Vijayan, a CMO statement added.

Vietnam Airline to connect Mumbai with Ho Chi Minh City from May 20

Vietnam's national carrier Vietnam Airline on Monday announced it will connect India's financial capital Mumbai with Hanoi and Ho Chi Minh City from May 20. As part of its summer schedule, the airline will commence four flights per week to Mumbai from Hanoi and three flights in a week from Ho Chi Minh City. The Vietnamese flag carrier already flies to New Delhi from these two cities. To constantly expand the international network to meet increasing demand of passengers, Vietnam Airlines will launch from May 20 a new route connecting Hanoi, Ho Chi Minh City and Mumbai (India), the airline said in a statement. The new route will be operated by an Airbus A321 aircraft, it added. In June 2022, the airline introduced non-stop service connecting Vietnam and India's capital New Delhi, Vietnam Airlines said and added, with effect from March 26 this year, the flight services between Hanoi and New Delhi have been increased to four flights a week while Ho Chi Minh City-New Delhi is being ...

SpaceX, Netflix, Boeing to join US business mission to Vietnam: Report

Over 50 firms, including defence, pharmaceutical, and tech will participate

Oscars 2023: Vietnam-born Ke Huy Quan wins Best Supporting Actor award

The actor bagged the honour for his comeback role in the film 'Everything Everywhere All at Once'. The actor made history as the first Vietnam-born actor to win an Oscar

Vietnam chief of Apple supplier exits after flagging shift from China

Deputy Chairman Kazuyoshi Yoshinaga is departing for "personal reasons," the Chinese firm said in a brief exchange filing, without elaborating

Supply chain exodus from China to India, Vietnam faster than anticipated

In a recent interview with Bloomberg, Yoshinaga was quoted as saying that Apple suppliers, including Goertek, have been moving manufacturing capacity out of China faster than observers

CPV's Politburo member Vo Van Thuong elected as Vietnam's new President

He has an M.A. in Philosophy and an advanced degree in political theory from the Ho Chi Minh National Academy of Politics

Netflix makes preparations to open Vietnam office after negotiating for yrs

A local office would make Netflix the first major US tech firm with a direct presence in the fast-growing Southeast Asian country of 100 million, increasingly seen as too lucrative to ignore

Foxconn secures new manufacturing site in Vietnam after turmoil in China

Apple's biggest supplier Foxconn has secured a new site in Vietnam, as the Taiwanese giant shifts production away from China after facing major supply-chain disruptions

Digital lending firm Lentra enters Indonesia, Philippines, Vietnam

Company aims to reach $100 mn in annual recurring revenue by March 2024 in South East Asia nations

BIS issued 29 licences to foreign toy manufacturing units, says govt

Sixteen licences were issued to Vietnamese units, four licences to Malaysian units and the rest were issued to Hungary, Indonesia, Thailand, Sri Lanka and Czech Republic

India in the GVC diversification strategy: A reality check

For MNCs relocating from China, India needs substantial catching up relative to Vietnam to be considered a significant contender

Indian operations to play key role in Skoda Auto's entry into Vietnam

India is emerging as a key manufacturing hub for the Skoda Group that will venture into the Vietnamese market, the Skoda Auto Volkswagen India Private Ltd said on Wednesday.

Expand PLI scheme for electronics inputs and components, ICEA tells Centre

The organisation has projected that components and sub-assemblies could provide a $100-billion export opportunity in the next five years

Marico to acquire Vietnamese personal care brands 'Purit de Prvence', 'liv'

Marico on Friday said it will acquire Vietnam-based Beauty X Corporation, which owns female personal care brands 'Purit de Prvence' and 'liv', in an all-cash deal for 493 Billion Vietnamese Dong (about Rs 172 crore). The move will help the homegrown-FMCG major to expand its presence in Vietnam. Its wholly owned subsidiary, Marico South-East Asia Corporation (MSEA) has entered into a definitive agreement to acquire 100 per cent of Beauty X Corporation, a firm which operates in the beauty and personal care space offering products such as shower gels, shampoos, conditioners, face wash and lotions among others. "The transaction will expand Marico's presence in the female personal care segment in Vietnam, with an offering of a range of premium and differentiated hair care and skin care products, while also realising various operational synergies," the company said. The transaction is expected to be completed by March 31, 2023, subject to requisite regulatory approvals and customary clos

Violent clashes in China likely to boost India's iPhone exports

India could account for up to 20% of Apple's global production capacity by FY26