Private screening of Taj Mahal: An Eternal Love Story to be held in Indonesia
An international publicity campaign for Akbar Khan’s ‘Taj Mahal: An Eternal Love Story’ has been crafted for its first overseas release, introduced one country at...
Southeast Asia
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Malaysia promotes EduTourism and MICE opportunities in Hanoi
The EduTourism Seminar focused on showcasing Malaysia's education system and the unique learning opportunities it offers to Vietnamese students. Attendees gained valuable information on homestay tourism, local cultural experiences, and the quality of educational programs available in the country. The seminar also covered essential topics such as study programs, new visa policies, and global learning opportunities, making it easier for prospective students to understand the benefits of studying in Malaysia.
Petrovietnam and CIP discuss green energy in Vietnam
Petrovietnam, a leading player in the oil and gas sector, is keen to diversify its energy portfolio and embrace renewable resources. The collaboration with CIP, known for its expertise in infrastructure investments in renewable energy, presents an opportunity to leverage best practices and technological advancements.
Vietnam’s tax sector achieves 85% of state budget collection goal
In addition to revenue collection efforts, the Ministry of Finance has submitted a draft decree to the Government proposing a reduction in land rent fees for 2024. This initiative aims to support recovery efforts following the recent impact of Typhoon Yagi. Two options are being considered for the reduction: either a 15% or 30% decrease in land lease costs.
Vietnamese businesses urged to strengthen trade defence capacity
The Ministry of Industry and Trade (MoIT) has emphasized the importance of promoting early warning systems for trade remedies affecting Vietnamese exports. Additionally, the ministry aims to provide ongoing support to firms involved in trade defence lawsuits abroad.
South Africa initiates anti-dumping investigation into Vietnamese tyres
The investigation reflects South Africa's broader efforts to protect its domestic tyre industry, which has faced challenges due to an influx of low-cost imports. Authorities are particularly concerned that Vietnamese tyres may be sold at prices below their fair market value, undermining local manufacturers and leading to potential job losses within the sector.
Malaysia’s FBM KLCI futures expected to remain steady next week
Additionally, the recent rally in the Malaysian equity market has been supported by improving sentiment in the region, partly due to favorable developments in China’s economic policies. Analysts believe that any positive news from China could bolster investor confidence and support local indices, including the FBM KLCI.
Ringgit set for continued strength amid US economic data watch
Stephen Innes, managing director of SPI Asset Management, noted that the ringgit's recent rally extends beyond the typical US-Malaysia interest rate differential. He attributes much of the current momentum to China’s stimulus initiatives, which have put the currency in a delicate position as its strength increasingly hinges on the prospects for China’s economic recovery.
Singapore’s MAS calls for market-based coal transition at New York climate week
Singapore’s MAS has been pioneering efforts to make these credits more viable through initiatives like the "Transition Credits Coalition" (TRACTION), a programme launched at COP28 to scale up transactions from pilot phases to more substantial, market-ready frameworks.
Vietnam’s typhoon relief measures could pressure bank profitability
The State Bank of Vietnam has emphasized the importance of supporting economic recovery while maintaining financial stability. It has called on banks to adopt a proactive approach to manage the risks associated with these relief measures. Some banks have already begun to strengthen their risk management frameworks and capital buffers to better navigate the expected challenges.
ADB grants $2 million to aid Vietnam’s typhoon recovery efforts
Vietnam has experienced an increase in the frequency and intensity of typhoons, a trend attributed to climate change. Recent reports highlighted that Typhoon Haikui and Typhoon Doksuri caused significant damage in several provinces, with flooding affecting thousands of households. The government has been working to manage disaster response effectively, but the scale of the damage has necessitated international assistance.
Malaysian data centre market set for expansion amid rising demand
The rising need for data storage and processing solutions is largely fueled by the rapid digital transformation across various industries. As businesses pivot towards cloud computing and data analytics, the demand for reliable, high-capacity data centres has escalated. This trend is further supported by Malaysia's strategic location in Southeast Asia, which offers connectivity to key markets and a favorable environment for data centre operations.
Strengthening ringgit fuels currency diversification in Malaysia
Several factors contribute to the ringgit's robust performance. A significant interest rate cut by the US Federal Reserve, combined with an influx of foreign investments and overall confidence in Malaysia's economic and political stability, has bolstered the currency. Year-to-date, the ringgit has appreciated over 11% against the US dollar, positioning it as Asia's top-performing currency.
SpaceX to invest $1.5 Billion in Vietnam’s space sector
The announcement followed a meeting between SpaceX representatives and Vietnamese government officials, where both parties discussed potential collaborations. This partnership aligns with Vietnam's strategic objectives to advance its space initiatives, particularly through the Vietnam National Space Center (VNSC). The VNSC has made notable progress in recent years, successfully launching several satellites in collaboration with international organizations.
LOTTE contributes VNĐ3 Billion for typhoon relief in Vietnam
In response to this unprecedented disaster, LOTTE Group and its subsidiaries—such as LOTTE Department Store, LOTTE Mall West Lake Hà Nội, LOTTE Mart, LOTTE E&C, LOTTE Hotels, and LOTTE Rental—mobilized their resources to assist affected communities swiftly. The group's representatives presented VNĐ1.6 billion to the VFF office in Hà Nội, VNĐ1.1 billion to the VFF branch in Ho Chi Minh City, and an additional VNĐ300 million to VFF branches in Hạ Long City, Long An, and Bình Dương provinces.
Celebrating one year of Vietnam-U.S. comprehensive strategic partnership
Since the elevation of their relationship to a comprehensive strategic partnership, Vietnam and the U.S. have engaged in robust dialogues aimed at addressing global challenges and regional stability. High-level exchanges, including visits from both countries' leaders, have strengthened mutual understanding and commitment to shared values such as democracy, human rights, and sustainable development.
Vietnamese stock market continues upward trend on final Thursday of September
While the overall sentiment remained positive, some stocks faced selling pressure. The Bank for Foreign Trade of Vietnam (VCB) fell by 0.32%, Vietnam Airlines JSC (HVN) dropped by 2.07%, and Hòa Phát Group JSC (HPG) saw a decline of 0.57%.