Latest news with #India-Vietnam
The Hindu
8 hours ago
- Business
- The Hindu
Minister of State L. Murugan meets Vietnamese delegation
India and Vietnam on Thursday (June 5, 2025) agreed to step up cooperation in the media and entertainment sector during a meeting held between Union Minister of State for Information and Broadcasting and Parliamentary Affairs, L. Murugan, and a delegation of high-ranking officials from Vietnam. The Vietnamese delegation was led by Nguyen Trong Nghia, Polit Bureau member of the Communist Party of Vietnam (CPV) and chairperson of the CPV's Central Commission for Information, Education and Mass Mobilisation. The meeting was also attended by I&B Secretary Sanjay Jaju, and other senior officials of the Ministry. 'India and Vietnam share traditionally close and warm bilateral relations. In 2022, the two countries celebrated the 50th anniversary of the establishment of diplomatic relations. The India - Vietnam bilateral relations were elevated in the year 2016 to the level of 'Comprehensive Strategic Partnership' during the visit of Indian Prime Minister Narendra Modi to Vietnam,' a government release said. 'Mr. Nguyen Trong Nghia lauded India's impressive growth as the world's fourth largest economy and emphasised the strong friendship and partnership between both the countries,' it said, adding that it was proposed to have programmes for enhanced cooperation between media organisations of both sides. Also read: India-Vietnam strategic partnership 'source of security, stability, progress in region': EAM Jaishankar Mr. Murugan appreciated the participation of a large Vietnamese delegation to the World Audio Visual and Entertainment Summit 2025, in May. 'Both the countries stressed their deep civilisational connections including a shared Buddhist heritage and agreed to work actively to further strengthen their multi-dimensional cooperation,' the release said.
India Gazette
27-05-2025
- Politics
- India Gazette
Secretary (East) P Kumaran signs condolence book, pays tribute to former Vietnamese President Tran Duc Luong
New Delhi [India], May 27 (ANI): Secretary (East) P Kumaran signed the book of condolences at the Embassy of Vietnam in New Delhi, paying tribute to Tran Duc Luong, former State President of Vietnam. Sharing a post on X, the Ministry of External Affairs spokesperson Randhir Jaiswal said, 'Secretary (East) P. Kumaran signed the book of condolences at the Embassy of Vietnam in New Delhi on the passing of H.E. Tran Duc Luong, former State President of Vietnam. India warmly remembers late President Tran Duc Luong's contribution to strengthening India-Vietnam friendship.' Meanwhile, Singapore President Tharman Shanmugaratnam has written to President Luong Cuong of Vietnam, and Senior Singaporean Minister Lee Hsien Loong has sent a condolence message to Prime Minister Pham Minh Chinh to convey their condolences on the passing of former Vietnam President Tran Duc Luong on May 20. In the letter, Tharman wrote, 'On behalf of the people of Singapore, I would like to offer my deepest condolences on the passing of former President Tran Duc Luong. President Luong served his country with steadfast determination during a time of profound transformation for Vietnam. President Luong helped to steer Vietnam post-Doi Moi, seeing the country through the Asian Financial Crisis of 1997, and its integration into ASEAN's structures following its formal accession in 1995. His contributions were immense and will be remembered. Our heartfelt sympathies are with you, the people of Vietnam, and President Luong's family.' Lee Hsien, in his letter, said, 'It is with great sadness that I learned of the passing of former President Tran Duc Luong. I had the honour of meeting President Luong during my introductory visit to Vietnam in December 2004 as the then-Prime Minister of Singapore. President Luong was a statesman who devoted his life to serving his country. Under his leadership, Vietnam advanced steadily along its reform path and deepened its engagement with Singapore and the rest of the region. He played a crucial role in laying the foundation for the enduring trust and friendship between our two countries. His legacy will be remembered.' (ANI)
Time of India
24-05-2025
- Business
- Time of India
No matter what Donald Trump says, Apple just can't make iPhones in the U.S. — here's why
Despite repeated demands from Donald Trump that Apple shift its iPhone manufacturing to American soil, experts argue the idea is not just unrealistic—it is nearly impossible. A web of supply chains, population dynamics, and manufacturing infrastructure, primarily rooted in China, has made the relocation of iPhone production to the United States a logistical and economic non-starter. Trump's Tariff Threats and the India-Vietnam Workaround President Donald Trump recently reiterated his call for Apple to produce iPhones in the U.S., warning of a 25% tariff on devices not made domestically. While Apple has stated that some of its production now takes place in India and Vietnam, industry experts question the substance of these claims. Journalist Patrick McGee, author of Apple in China: The Capture of the World's Greatest Company , calls Apple's workaround 'deeply misleading', as mentioned in a report by Business Insider. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60m2 prefabricated bungalow for the elderly in An Phu Dong Pre Fabricated Homes | Search Ads Search Now Undo According to McGee, final assembly in India does not reflect meaningful production. 'If making an iPhone takes a thousand steps, and only the final one is done in India, that doesn't make it Indian-made,' he noted, as quoted in a report by Business Insider. The strategic rebranding may help Apple avoid tariffs, but it does little to reduce its dependence on China's industrial ecosystem. Why iPhones Can't Be Made in America McGee, a long-time Apple correspondent for the Financial Times, emphasizes that Apple's entrenchment in China spans decades. The nation offers unmatched advantages: massive labor pools, dense networks of sub-suppliers, flexible logistics, and cost-efficiency. Live Events 'A single Chinese factory town can field half a million workers for three months just to assemble iPhones,' he said. 'There's no American equivalent—either in scale, skill, or cost.' He further pointed out that China's so-called 'floating population'—a flexible labor force—surpasses the entire U.S. workforce in size and dynamism. 'Even if the U.S. wanted to compete on this front, it simply can't,' McGee remarked, adding that America also lacks the physical and regulatory infrastructure to support such rapid, large-scale assembly operations. The Unseen Risk: Technology Transfer to China McGee also raised alarms about the long-term strategic cost of keeping production in China. 'Each year, Apple's innovations are built in Chinese factories. That inherently transfers technological know-how to China,' he explained, as quoted in a report by Business Insider. For a country that Washington increasingly views as a strategic adversary, this ongoing knowledge exchange could prove damaging. While Apple's relationship with China is primarily business-driven, the outcomes carry geopolitical implications. 'You're essentially enabling your biggest rival by embedding your best technology within their industrial base,' McGee said. Will iPhone Prices Rise? Despite facing close to $900 million in tariff-related costs in an upcoming quarter, Apple's financial scale allows it to absorb some of the burden. However, consumers could still face higher iPhone prices. Analysts anticipate that Apple will pass on part of the increased costs, potentially affecting the next generation of devices. With Donald Trump continuing to push for a U.S.-centric manufacturing policy, and Apple signaling token shifts to countries like India, the tension between political will and industrial reality remains unresolved. But one thing is clear: the dream of an iPhone 'Made in America' is far from achievable, for now. FAQs What did President Trump say about iPhone manufacturing? Trump stated he expects Apple to manufacture iPhones in the U.S. or face tariffs of at least 25%. How much could an iPhone cost under these policies? Estimates range from a $100–$200 increase to over $3,000 for a fully U.S.-made iPhone, depending on tariff implementation and production shifts.
