New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high … Read more
This picture taken and released by Vietnam News Agency (VNA) on December 1, 2023 shows China’s Foreign Minister Wang Yi (L) shaking hands with Vietnam’s Deputy Prime Minister Tran Luu Quang in Hanoi. | Photo Credit: AFP China and Vietnam are working on a possible significant upgrade of their underdeveloped rail links to boost a … Read more
Vietnam has detained the director of a think tank that works on energy issues in the country — the sixth expert working on environmental and climate issues that authorities have taken into custody in the past two years, a rights group said Wednesday. Ngo Thi To Nhien, the executive director for Vietnam Initiative for Energy … Read more
The United States expects to elevate its diplomatic relations with former foe Vietnam to the top level as President Joe Biden travels to Hanoi in a week, in a move that may irk China and with unclear business implications. Fearful of the potential reaction from its much larger neighbour, Vietnam had initially expressed caution about … Read more
The basket of India‘s services sector exports has the capacity to expand “dramatically”, contributing in a big way to the Centre’s USD 2-trillion target for shipments by 2030, former Union minister Suresh Prabhu said here on Friday. Prabhu, a former commerce and industry minister, said the nature, spectrum and volume of services exports will change … Read more
CNN — Typhoon Noru made landfall near Vietnam’s popular beach resort city of Da Nang on Wednesday morning, bringing powerful winds and heavy rain as hundreds of thousands of people were evacuated. Noru hit Vietnam at 5 a.m. Wednesday local time, according to CNN Weather, less than 36 hours hours after it left a trail … Read more
Prices of rice from top exporter India this week climbed to their highest in more than a year, boosted by strong demand amid concerns over a possible restriction on exports of some grades of the staple. India’s 5% broken parboiled variety was quoted at $379 to $387 per tonne, their highest since June 2021, from … Read more
Vietnamese airline Vietjet on Monday said it will connect its coastal city Da Nang with five cities as it looks to boost its presence in the largest country of the subcontinent. The airline will connect New Delhi, Mumbai, Hyderabad, Ahmedabad, and Bengaluru with Vietnamese coastal city Da Nang. The new services will start within the … Read more
Taiwan’s National Security Bureau (NSB) has confirmed that a Chinese military aircraft crashed into the South China Sea earlier this month. NSB Director-General Chen Ming-tong on March 10 confirmed that a People’s Liberation Army Air Force (PLAAF) plane had crashed into the South China Sea on March 1, according to Taiwan News. Earlier there were … Read more