Search Result for : Vietnam

The Dollar Business Bureau A US-based technology group Information Technology Industry Council (ITI) has prodded the Trump government to take steps in overcoming barriers in digital trade and alleged that various countries including China and India are biased in their policies which unfairly disadvantage US companies.  In addition, the technology group named countries like Canada, Indonesia, Russia, South Korea, Mexico and Vietnam, which have followed discriminatory policies against American companies.  “Multiple foreign governments have turned to discriminatory or otherwise harmful policies that unfairly disadvantage American companies and impede the ability of technology products and services to drive growth,” ITI said in a report to the President.  The countries in which rules that treat foreign and domestic companies differently are Colombia, China, India, Indonesia, Russia, South Korea and ...

The Dollar Business Bureau  Federation of Indian Export Organisation (FIEO) on Friday said that the continuous growth in exports gives confidence to the exporters in India on easy sailing with GST. The new regime of Goods and Services Tax (GST), which will subsume most of the indirect taxes, is expected to be rolled out from July 1, 2017. “The exports data for the month of May, 2017 showed yet another consecutive and positive growth depicting the strength and competitiveness of Indian industry,” said Dr A Sakthivel Regional Chairman FIEO Southern Region. India’s exports have surged 8.32% to $24 billion in the month of May, keeping the growth trajectory for straight eight months, according to the latest data released by the Ministry of Commerce. Dr Sakthivel ...

The Dollar Business Bureau Riding on a robust demand for its frozen shrimp and frozen fish in international markets, India exported 11,34,948 MT of seafood worth an all time high of $5.78 billion (Rs 37, 870.90 crore) in 2016-17 as against 9,45,892 tons and $4.69 billion dollars a year earlier, with USA and South East Asia continuing to be the major importers while the demand from the European Union (EU) grew substantially during the period. Frozen shrimp maintained its position as the top item of export, accounting for 38.28 per cent in quantity and 64.50 per cent of the total earnings in dollar terms. Shrimp exports increased by 16.21 per cent in terms of quantity and 20.33 per cent in dollar terms. ...

The Dollar Business Bureau Tata Coffee on Monday announced it would establish a $50 million (about Rs.350 crore) greenfield instant coffee facility in Vietnam. “The board approved the setting up of a state-of-the-art greenfield freeze dried instant coffee facility in Vietnam of 5,000 tonnes per annum,” Tata Coffee said in a statement. “Estimated project cost is $50 million (about Rs.350 crore),” the company said. In a seperate announcement, Tata Coffee said the coffee board has appointed Anantha Murthy N as the company’s Secretary and Compliance Officer with effect from December 20, 2016. The earlier position for company secretary and compliance officer was held by Suryanarayanan NS. Tata Coffee is a subsidiary of Tata Global Beverages Ltd. The company is Asia’s largest integrated coffee company and the ...

The Dollar Business Bureau Union Defence Minister Manohar Parrikar has assured the Indian private sector to offer complete support from the Ministry of Defence, Defence Research and Development Organisation (DRDO) and the Defence Public Sector Undertakings (DPSUs) in realising the national objective of defence exports to friendly countries at competitive prices. He said this during his official visit to Hanoi, Vietnam on Monday. Indian private sector should take the initiative in the modernisation of Vietnam’s defence forces. This will strengthen the diplomatic and military ties between both the countries. Also it will open the doors of strategic exports from India, the minister said. In his visit to Vietnam, he was accompanied by a composite defence delegation from India. Along with the minister, they ...

The Dollar Business Bureau International oil firms like Saudi Aramco, Total SA and BP plc are planning to tap India’s retail fuel market, Oil Minister Dharmendra Pradhan said on Friday. This clearly reflects the increasing role of the country in the crude landscape of the world, he said. The fuel market of world's fastest growing economy can be a lucrative prize for the global oil majors seeking retail outlets for diesel and gasoline. The country has registered the fastest growth in oil demand across the world during the first quarter of CY 2016. India is replacing China as the driver of global growth, as per the International Energy Agency’s latest report. Saudi Aramco wants to enter the Indian market and the Indian Government ...

In April last year, Vietnam had suspended import of groundnuts due to interceptions of quarantine pests in Indian consignments. The Dollar Business Bureau   The lifting of ban came a month after a Vietnam delegation visited India in December 2015.   Vietnam has lifted the ban on the import of Indian groundnuts after nine months and started allowing inbound shipments from January 18, the government said on Monday. “The Vietnam Ministry of Agriculture and Rural Development (MARD) have formally communicated the decision to the Indian government stating that Plant Protection Department of Vietnam (PPD) will issue import permits for groundnuts for January 18, 2016,” the Ministry of Agriculture said in a statement. In April last year, Vietnam had temporarily suspended import ...

Source: PTI    The US is not asking countries like India and Vietnam to take sides in the Asia Pacific region, but steps Beijing is taking in the disputed South China Sea are “self-isolating” and driving countries towards America, US Defence Secretary Ashton Carter has said. “I’ve been to India, Vietnam recently. We want to have good relations with them and we are not asking people to take sides,” Carter said in a panel discussion in Davos on World Economic Forum meeting on Friday. “I think their position is basically right, which is we want everybody to keep being able to do what they are doing. We don’t want to have to pick sides. America doesn’t want to have sides either,” ...