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Vietnam

Chip Push

India's semiconductor push, spearheaded by Prime Minister Narendra Modi at meetings with American tech leaders, marks a pivotal moment in the country’s efforts to cement its position as a key player in the global supply chain.

Vietnam’s fishery exports up 20 per cent in August

Vietnam earned 953 million US dollars in August from exporting fishery products, up nearly 20 per cent over the same period last year, local media reported Monday, citing the Vietnam Association of Seafood Exporters and Producers.

Vietnam’s woes

Vietnam’s GDP growth of 3.3 per cent in the first three months of 2023 has taken economists by surprise. The figure is far below forecasts and marks a reversal for what was till recently Asia’s fastest-growing economy. While a drop in exports weighed on growth, a simultaneous dip in imports, which are used mainly to make products for export, indicates producers are not optimistic about a nearterm recovery.

Dim outlook for domestic auto component industry

Additionally, the MoIT called for favourable policies to draw more foreign investment into the domestic component industry to nurture its development. However, not all investments should be permitted, only those for home-market-oriented and ASEAN-market-oriented components.