Guidance Tamil Nadu sets up desk in Vietnam: Industries Minister
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The Hindu
8 hours ago
- The Hindu
India's first VinFast EV manufacturing plant unveiled in Thoothukudi
1. VinFast's first EV manufacturing plant in India inaugurated at Thoothukudi Tamil Nadu Chief Minister M.K. Stalin inaugurated Vietnamese electric vehicle (EV) maker VinFast's first manufacturing plant in India at Thoothukudi. Spread across 408 acres at the SIPCOT industrial complex in Sillanatham in Thoothukudi district, the plant is expected to generate over 3,500 jobs in the next five years. It is part of a ₹16,000-crore investment pact inked between VinFast and the Tamil Nadu government during the Global Investors Meet last year (2024). 2. Stalin voices support for Bengal CM Mamata Tamil Nadu Chief Minister M.K. Stalin expressed solidarity with his West Bengal counterpart Mamata Banerjee, and objected to the Delhi Police – under the Union Home Ministry – reportedly describing Bengali as a 'Bangladeshi language'. 'This is a direct insult to the very language in which our national anthem was written,' Mr. Stalin said in a social media post. 3. Oraniyil Tamil Nadu: SC refuses to stay Madras HC order restraining DMK from using OTP verification The Supreme Court refused to stay an interim injunction by the Madras High Court against the use of OTP verification messages for the DMK's enrolment drive 'Oraniyil Tamil Nadu'. A bench of Justices P S Narasimha and A S Chandurkar dismissed the appeal filed by the DMK, saying the issue is sensitive. Earlier on July 21, the Madurai Bench of the Madras High Court issued an injunction restraining the DMK from using OTP verification messages for its enrolment drive, saying the matter involves aspects of data protection and privacy which are to be examined by the court. 4. OPS clarifies on meeting Stalin Former Chief Minister and former coordinator of AIADMK O. Panneerselvam denied any politics involved in his recent meeting with Chief Minister and DMK president M.K. Stalin at the latter's residence in Chennai. Issuing a statement, he said he would neither be acting as the B Team of the DMK nor ally with it. Calling on people who return from the hospital and condoling those who have lost dear ones is Tamil culture, he said adding that he met Mr. Stalin to inquire about his health. 5. Madras HC to wait for SC order on naming T.N. government schemes after living personalities The Madras High Court decided to wait for the orders to be passed by the Supreme Court on Wednesday (August 6) on an appeal preferred by the DMK against its July 31 interim order prohibiting the use of the name of any living personality for government schemes. Appearing before the court, senior counsel representing AIADMK Rajya Sabha MP Shanmugam, said, the DMK had filed an appeal and made a mention before the top court. The Supreme Court had agreed to take up the appeal for hearing on Wednesday, the Bench was told. 6. Mayiladuthurai Congress MP Sudha's gold chain snatched The Congress' Member of Parliament (MP), R. Sudha, fell victim to a bike-borne chain snatching in New Delhi this morning. The MP from Mayiladuthurai constituency was robbed of her gold chain, weighing more than four sovereigns, when she was on her morning walk along with DMK Rajya Sabha member, Rajathi Salma, outside the Polish Embassy in Chanakyapuri in New Delhi.
Fibre2Fashion
9 hours ago
- Fibre2Fashion
Vietnam's textile-garment sector sees 9% YoY export growth in Jan-Jul
Vietnam's textile and garment export turnover surpassed $26.33 billion in the first seven months this year—an increase of 9 per cent year on year (YoY). The sector needs to achieve monthly exports of over $4 billion during the remaining months of the year to meet the annual target of $47-48 billion. This seems tough as Vietnamese exports to the United States face tariffs of up to 20 per cent, which is a key disadvantage compared to competitors. Vietnam's textile and garment export turnover surpassed $26.33 billion in the first seven months this yearâ€'a rise of 9 per cent YoY. The sector needs to achieve monthly exports of over $4 billion during the remaining months of the year to meet the annual target of $47-48 billion. This seems tough as exports to the US face tariffs of up to 20 per cent, which is a key disadvantage compared to competitors. Industry insiders foresee a turbulent second half this year and companies are being urged to review and upgrade equipment to meet new orders efficiently, a domestic news agency reported. Businesses are also being encouraged to improve workforce skills and transition from traditional cut-make-trim operations to more advanced production models like free on board, original design manufacturing and original brand manufacturing. These upgrades are essential to enhancing product value and strengthening Vietnam's position in the global supply chain. Companies also need clearer market information and must leverage trade, export and payment policies to better manage risks amid shifting regulations. Fibre2Fashion News Desk (DS)
NDTV
17 hours ago
- NDTV
Fistful Of Dollars, Rice For Vietnam Farmers Displaced For Trump Golf Club
Hung Yen: Vietnamese farmer Nguyen Thi Huong has slept poorly since authorities told her to vacate her farm for a Trump family-backed golf resort, offering just $3,200 and rice provisions in return. The golf resort, for which construction is scheduled to begin next month, is offering thousands of villagers such compensation packages to leave the land that has provided their livelihood for years or decades, according to six people with direct knowledge and documents seen by Reuters. The project is the first partnership for the family business of US President Donald Trump in Vietnam, which fast-tracked approvals as it negotiated a crucial trade deal with Washington. Developers are now cutting compensation forecasts from an initial estimate exceeding $500 million, said one person familiar with the plans who declined to elaborate on reasons for the reduction. The 990-hectare site designated for the golf course currently supports fruit farms growing bananas, longan, and other crops. While some see opportunity, many farmers are elderly and fear they will struggle to find alternative livelihoods in Vietnam's vibrant economy with its largely young demographic. "The whole village is worried about this project because it will take our land and leave us jobless," said 50-year-old Huong, who was told to leave her 200-square-metre (2152.78 square-feet) plot in Hung Yen province near capital Hanoi for less than the average pay for one year in Vietnam. Vietnamese real estate company Kinhbac City and its partners will develop the luxury golf club after paying the Trump Organization $5 million for brand licensing rights, according to regulatory filings and a source familiar with the deal. Trump's family business will run the club once completed, but is not involved in the investment and in compensation to farmers. Trump has said his assets in the businesses are held in a trust managed by his children, but disclosures in June showed income from those sources ultimately accrues to the president. Vietnam's agriculture ministry, Hung Yen authorities, the Trump Organization and Kinhbac City did not reply to questions on compensation rates. Authorities will determine final compensation rates based on land size and location, with formal approval expected next month. Five farmers facing dispossessions said authorities flagged reimbursements worth between $12 and $30 per square metre of farmland. They also offered additional payments for uprooted plants and provisions of rice for some months, roughly in line with one document seen by Reuters. The person familiar with the compensation plan said the range was accurate, declining to be named because the information was not public. A local official declined to talk about the compensation but said rates for farmland in the area have usually not exceeded $14 per square metre. They are often higher in other provinces. In Communist-run Vietnam, farmland is managed by the state. Farmers are assigned small plots for long-term use but have little say when authorities decide to take the land back. Protests are common but usually fruitless. Compensation is paid by the state but developers foot the bill. Four of the farmers contacted by Reuters were not happy with the proposed rates because their small plots would produce low payments. Thousands of villagers will be affected, according to a second document from local authorities seen by Reuters, which stated final payment decisions were expected next month. Huong leases a larger plot from other villagers, but can claim land compensation only for the small one assigned to her and for the plants she grows. "What can someone like me do after that?" Rice For Land Vietnam's Prime Minister Pham Minh Chinh said farmers would be reimbursed fairly when he spoke in May at the groundbreaking ceremony for the golf project to an audience that included Trump's son Eric, a senior vice president of the Trump Organization. "We have no right to negotiate. That's a shame," said Do Dinh Huong, another farmer who was told his plot would be compensated at roughly $12 per square metre. He said he would have accepted what he believed was a low rate if the land were to be used to build roads or other public infrastructure. "But this is a business project. I don't know how that would contribute to people's life." Authorities have also offered rice as compensation, with provisions varying from two to twelve months, according to one of the documents seen by Reuters. Nguyen Thi Chuc, a 54-year-old farmer who grows bananas in what will become the Trump golf club, was told by authorities she might receive roughly $30 per square metre for her 200-square-metre plot. "I'm getting old and can't do anything else other than working on the farm," she said. Conversely, lawyers and investors in the province said the golf club would create better jobs and enrich villagers. Le Van Tu, a 65-year-old local who will be compensated for his small plot and owns an eatery in a village that the golf club will abut, said he will upgrade his diner into a restaurant to cater to wealthier clients. Land prices in the village have risen fivefold since the project was announced in October, he said. He was also happy a nearby pig farm will be gone: "It won't be stinky anymore."
