VIETNAM
India extends anti-subsidy duty on Chinese chemical for 5 years
India has extended countervailing duty on a Chinese chemical used in pesticides for five more years to protect domestic manufacturers. The finance ministry's decision follows a recommendation from the commerce ministry's investigation arm, DGTR. The duty of up to 11.94 per cent aims to curb subsidised exports that harm Indian producers' margins and profits.
Vietnam typhoon death toll rises to 233 as more bodies found in areas hit by landslides and floods
The death toll from a typhoon in Vietnam has risen to 233, with rescue workers recovering more bodies from landslides and flash floods. In Lang Nu village, 48 bodies have been found, and 39 people remain missing. Across the country, 103 people are still missing and over 800 injured.
Vietnam death toll climbs to 197 as typhoon's aftermath brings flash floods and landslides
Nearly 200 people have died and over 125 are missing in Vietnam following Typhoon Yagi, as flash floods and landslides cause widespread devastation. State media reported that the death toll surged after a flash flood wiped out Lang Nu hamlet in Lao Cai province. Rescue efforts continue with hundreds of personnel searching for survivors.
India to impose up to 30% tariffs on some steel imports from China, Vietnam
India will impose tariffs of 12% to 30% on certain steel products from China and Vietnam to protect local industry. The tariffs, targeting welded stainless steel pipes and tubes, will be in place for five years. This move follows strained relations between India and China since their 2020 border clash.
Vietnam death toll from Typhoon Yagi at 141 as Hanoi faces flood risk
The death toll in Vietnam from Typhoon Yagi has reached 141, with heavy rains causing deadly landslides and floods. The Red River's rising water levels threaten to inundate Hanoi's downtown districts. Schools have closed, and thousands of residents in low-lying areas have been evacuated due to flood concerns.
India, Philippines to review defence ties, months after New Delhi supplies Brahmos missiles to Filipino military
India and the Philippines will review their defence and strategic partnership, focusing on military ties amid concerns over China's actions in the South China Sea. The fifth meeting of the joint defence cooperation committee will take place in Manila. Defence Secretary Giridhar Aramane will lead the Indian delegation, while Senior Under Secretary Irineo Cruz Espino will head the Filipino team.
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WATCH: Truck disappears into flooded Red River as Vietnam’s Phong Chau Bridge collapses amid Typhoon Yagi’s wrath
The Phong Chau Bridge in northern Vietnam collapsed due to Super Typhoon Yagi, resulting in vehicles plunging into the Red River. The disaster has claimed over 60 lives and left many missing. The military is constructing a temporary bridge, while rescue operations continue. Yagi has caused widespread damage and power outages.
Flooding sweeps away bus and bridge collapses in Vietnam as storm deaths rise to 59
A bridge collapsed and a bus was swept away by flooding in northern Vietnam, resulting in at least 59 deaths. The former typhoon Yagi caused significant damage, including landslides and floods. Rescue operations are ongoing, with many missing and injured. The government has approved financial aid for recovery efforts.
Typhoon Yagi weakens, toll rises to 14 in Vietnam
The death toll from Typhoon Yagi in Vietnam has risen to 14 as the storm, now downgraded to a tropical depression, caused widespread destruction. It damaged thousands of homes and hectares of crops, sank boats, and triggered landslides. The typhoon had already left a trail of devastation in southern China and the Philippines.
Four dead, 78 injured, and at least 12 missing as Super Typhoon Yagi reaches Vietnam
Super Typhoon Yagi, Asia's most powerful storm this year, hit northern Vietnam, causing at least four deaths and injuring 78 people. The storm had previously affected Hainan and the Philippines. Haiphong city faced severe damage with power outages and high waves. Vietnam evacuated over 50,000 people and suspended operations at several airports.
Super Typhoon Yagi sets sight on Vietnam, two reported dead in China's Hainan
Super Typhoon Yagi, Asia's most powerful storm this year, is heading towards northern Vietnam after causing significant damage in China's Hainan province. The storm has resulted in two deaths and 92 injuries in Hainan, where it downed trees, flooded roads, and cut power to over 800,000 homes.
Volatility hits robusta coffee as prices slump from recent high
Robusta coffee prices in London declined from last week's high due to holiday-driven volatility in the US.
Google weighs large data centre in Vietnam, in nation's first by US big tech
Google is considering building a large data centre near Ho Chi Minh City in Vietnam. This would be the first major investment of its kind by a big U.S. tech company in the country. The data centre could be ready by 2027, driven by growing demand for digital services and Vietnam's expanding digital economy.
Shuttler Tanvi Patri crowned Asian U-15 champion
Tanvi Patri of India won the under-15 girls singles title at the Badminton Asia U-17 & U-15 junior championships by defeating Thi Thu Huyen Nguyen of Vietnam in straight games in Chengdu, China. The 13-year-old, seeded No. 1, secured victory in just 34 minutes with a score of 22-20, 21-11. Patri's dominant performance throughout the tournament led her to claim the gold medal, with India also securing a bronze.
Badminton Asia Championships: Tanvi enters U-15 girls singles final, Gnana Dattu bags bronze medal
Tanvi Patri, the number one junior shuttler from India, triumphed over Kungkaew Kakanik of Thailand to enter the finals of the U-15 girls singles at the Badminton Asia U-17 & U-15 championships in China. Patri won 21-19, 21-10 and will compete against Nguyen Thi Thu Huygen of Vietnam in the final.
India steel market hit by unfair imports, dumping amid slump in China: former steel secy
Former steel secretary Nagendra Nath Sinha has raised concerns about the Indian steel market being impacted by unfair imports and dumping, exacerbated by a demand slump in China. He emphasised the need for the government to take immediate action to address these issues to protect the profitability of domestic steel makers. An anti-dumping probe has been initiated into the import of hot-rolled steel products from Vietnam following complaints from the Indian Steel Association.
India remains net steel importer in April-July as Chinese shipments rise
India has been a net importer of steel during April to July of the current fiscal year, importing 2.69 million tons, primarily from China. Meanwhile, exports totaled 1.57 million tons. The increasing imports have driven down steel prices to their lowest in more than three years. Major steel companies have expressed concerns over rising imports.
FPT consortium commences work on $173 million AI centre in southern Vietnam
The project, developed by a consortium including FPT City Danang, FPT Investment, and FPT Software, covers an area of 93.24 hectares, FPT said in a statement.
FPT consortium commences work on $173 million AI centre in southern Vietnam
The project, developed by a consortium including FPT City Danang, FPT Investment, and FPT Software, covers an area of 93.24 hectares, FPT said in a statement. It comprises an AI centre, an education zone and a supporting urban zone, of which the AI centre will focus on research, software production, digital transformation assistance and cybersecurity solution provision, it added.
Philippine says China coast guard are hindering confidence-building
The Philippines criticized China's coast guard for undermining confidence-building efforts in the South China Sea, following an incident where Chinese vessels allegedly rammed and damaged Philippine ships near the Sabina Shoal. The altercation occurred during a resupply mission by the Philippines to contested islands in the Spratly chain. The Philippines urged China to adhere to international law and avoid aggressive actions. China disputed Manila's account, accusing the Philippine coast guard of acting dangerously. The incident drew condemnation from the United States and Japan, both of which called for peaceful resolution of disputes.
OVL secures contract extension for Vietnam oil blocks
ONGC Videsh Ltd has been granted a 16-year extension to produce oil and gas in Vietnam’s Nam Con Son Basin, and a three-year extension for exploring Block 128 in the South China Sea. This move aligns with India's strategic interests despite no commercially recoverable finds in the latter area over 18 years.
ONGC Videsh secures contract extension for Vietnam oil blocks
ONGC Videsh Ltd, India's leading overseas oil firm, has been granted a 16-year extension to its oil and gas production contract in Vietnam until 2039. The company also received a three-year extension to continue exploring a separate block in the South China Sea until 2026, aligning with India's strategic interests.
India initiates anti-dumping probe into import of hot-rolled steel products from Vietnam
India has launched an anti-dumping investigation into hot rolled steel imports from Vietnam after a complaint from domestic manufacturers. The Directorate General of Trade Remedies will examine import data from April 2020 to March 2023 to determine if dumping has harmed local producers. The probe could lead to anti-dumping duties if injury is confirmed.
India-Vietnam holds maritime security dialogue close on heels of Vietnam PM Visit
On 16 August 2024, the 4th India-Vietnam Maritime Security Dialogue took place in Hanoi. Both sides explored ways to boost maritime cooperation, reviewed ongoing initiatives and sought new areas of collaboration, including marine research, ocean economy, disaster relief, and maritime law enforcement. The dialogue followed the Vietnam PM's recent visit to India.
India & Vietnam adopt action plan for strategic ties
India and Vietnam enhanced their strategic relationship by signing an action plan to boost cooperation in multiple areas, such as maritime security, agriculture, and customs. Prime Minister Narendra Modi underlined the importance of development over expansionism in the Indo-Pacific region. Agreements worth $300 million were finalized to support Vietnam's maritime security. Modi's comments seemed to indirectly address China's territorial claims in the South China Sea. Vietnamese Prime Minister Pham Minh Chinh expressed appreciation for Modi's condolences on former party leader Nguyen Phu Trong's death and acknowledged India's assistance during the Covid-19 crisis.
To Lam: ex-public security minister turned Vietnam top leader
To Lam, a former public security minister, was named general secretary of Vietnam's Communist Party following Nguyen Phu Trong's death. Elevated by an anti-corruption campaign that removed rivals, Lam is expected to continue existing policies. His rise could influence Vietnam's socio-political environment, as he has been known for a tough stance on dissent.
Vietnam PM, PM Modi inaugurate Army Software Park in Vietnam
Various delegates from both sides signed several Memorandums of Understanding, aimed at strengthening the bilateral ties between both the countries. An MoU detailing the plan of action to advance comprehensive strategic partnership between India and Vietnam 2024-2028 was exchanged by Vietnam Foreign Minister Bui Thanh Son and External Affairs Minister S Jaishankar.
Adani Group considers investing in Vietnam's airports
India's Adani Group plans to invest in two Vietnamese airports, Long Thanh and Chu Lai, the Vietnamese government said after Prime Minister Pham Minh Chinh met with Gautam Adani in Delhi. This follows Adani's recent approval to build a seaport in Vietnam. Investment details and timelines were not disclosed.
Vietnam PM Pham Minh Chinh paying 3-day visit to India
Vietnamese Prime Minister Pham Minh Chinh is visiting India from July 30 to August 1 to strengthen bilateral strategic ties. He will meet PM Narendra Modi, President Droupadi Murmu, and Vice President Jagdeep Dhankhar. This visit underscores the significance of India-Vietnam relations within India's Act East Policy and Indo-Pacific vision.
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