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Vietnam
VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID VIETNAM"S PMI DOWN TO 53.1 IN MAY WITH OUTPUT GROWTH AT Vietnam's PMI down to 53.1 in May with output growth at three-month low. Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.1 in May, down from 54.7 in April. The latest reading signalled a sixth successive improvement in business conditions, and one that was solid despite weakening from the previous month, according to thelatest
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to ASF VACCINE ON TRACK FOR UNVEILING ASF vaccine on track for unveiling. The government is placing its faith in a commercial vaccine to African swine fever being available perhaps as soon as the end of the second quarter this year, but issues of cost and safety will linger for some time yet. According to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, it is COVID-19 – ECONOMICS BEHIND THE PRICING OF FACE MASKS In Vietnam, the COVID-19 has inflated the price of face masks 5-7 times its original price, if not more, according to Tuoi Tre News.The average price level before the virus was about VND40,000 per box (approximately $1.74), but now it is VND200,000-300,000 ($8.70-13), SOYA GARDEN FULLY SHUTS LAST STORE IN HO CHI MINH CITY Soya Garden, a soybean-based beverage chain has closed down its last store in Ho Chi Minh City during the latest resurgence of COVID-19 cases. Soya Garden has fully exit the Ho Chi Minh City market. The flagship store is located in the six-way Phu Dong roundabout in the city's District 1, which is the most expensive location in thedowntown area.
SOUTHERN ISOLATION POLICIES DRAW PROTESTS FROM FOREIGN Southern isolation policies draw protests from foreign business community. Recent policies to request people from Ho Chi Minh City to go into mandatory isolation by Dong Nai, Binh Duong, and other southern provinces have elicited protest from the foreign business community. Many eminent members of the European Chamber of Commerce inVietnam
VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID VIETNAM"S PMI DOWN TO 53.1 IN MAY WITH OUTPUT GROWTH AT Vietnam's PMI down to 53.1 in May with output growth at three-month low. Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.1 in May, down from 54.7 in April. The latest reading signalled a sixth successive improvement in business conditions, and one that was solid despite weakening from the previous month, according to thelatest
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to ASF VACCINE ON TRACK FOR UNVEILING ASF vaccine on track for unveiling. The government is placing its faith in a commercial vaccine to African swine fever being available perhaps as soon as the end of the second quarter this year, but issues of cost and safety will linger for some time yet. According to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, it is COVID-19 – ECONOMICS BEHIND THE PRICING OF FACE MASKS In Vietnam, the COVID-19 has inflated the price of face masks 5-7 times its original price, if not more, according to Tuoi Tre News.The average price level before the virus was about VND40,000 per box (approximately $1.74), but now it is VND200,000-300,000 ($8.70-13), SOYA GARDEN FULLY SHUTS LAST STORE IN HO CHI MINH CITY Soya Garden, a soybean-based beverage chain has closed down its last store in Ho Chi Minh City during the latest resurgence of COVID-19 cases. Soya Garden has fully exit the Ho Chi Minh City market. The flagship store is located in the six-way Phu Dong roundabout in the city's District 1, which is the most expensive location in thedowntown area.
STING BRAND SPONSORS VND5 BILLION FOR COVID-19 VACCINE FUND To support the Vietnamese government in purchasing and distributing COVID-19 vaccines to protect the health of Vietnamese people, foreign-owned beverage firm Suntory PepsiCo Vietnam contributed VND5 billion ($217,400) to the Vietnam COVID-19 Vaccine Fund and launched the programme “Sting – We Will Win”. $1.3 BILLION O MON II THERMAL POWER PLANT RECEIVES The joint venture between Vietnam Trading Engineering Construction JSC (Vietracimex) and Marubeni Corporation from Japan officially received the investment registration certificate for the 1,050MW O Mon II thermal power plant project with the preliminary capital THIRD YOUTH CO:LAB SUMMIT HIGHLIGHTS RESILIENCE AMID COVID 1 day ago · The Asia-Pacific’s largest youth-led social entrepreneurship movement, co-led by the United Nations Development Programme (UNDP) and the Citi Foundation, culminated in the third Youth Co:Lab Regional Summit early this month. The third Youth Co:Lab IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. VIETNAM AIRLINES LICENSED TO CONDUCT 12 REPATRIATION 1 day ago · Vietnam Airlines has officially been licensed to operate 12 flights repatriating Vietnamese citizens from the US this year, the national flag carrier said on June 10. An aircraft of Vietnam Airlines (Photo: VNA) Hanoi – Vietnam Airlines has officially been licensed to operate 12 flights MANUFACTURERS RACE TO PROTECT OPERATIONS With the spread of coronavirus cases in Ho Chi Minh City, local and foreign producers alike are now seeing their manufacturing prospects darken with supply chain issues and sharp cost increases. Almost all industries in Vietnam’s southern region have been suffering under supply chain disruptions ENERGY MIX FOR VIETNAM WITH LNG-TO-POWER 1 day ago · Supported by the favourable geographical and natural conditions and constrained by the restrictions on thermal power projects in the last few years, Vietnam has been promoting the concept of using liquefied natural gas for power production. Vaibhav Saxena and Tu Hue Anh from Vilaf law firm delve into the opportunities and key obstacles under the new rules. LIVE STREAMING IN VIETNAM GROWING MORE POPULAR FOR Farmers across the country have picked up live-streaming to boost sales amidst the COVID-19 pandemic. Farmers in the northern province of Bac Giang now use live streaming to sell lychee By partnering up with e-commerce sites like Shopee and Sendo, farmers in ODA, FOREIGN LOAN DISBURSEMENT STANDING AT JUST 7.5 PCT. 1 day ago · Only 7.5 percent of official development assistance (ODA) and foreign loans have been disbursed since the beginning of the year according to the Ministry of Finance (MoF). Illustrative photo (Source: VNA) Hanoi - Only 7.5 percent of official development assistance (ODA) and SOUTHERN ISOLATION POLICIES DRAW PROTESTS FROM FOREIGN Southern isolation policies draw protests from foreign business community. Recent policies to request people from Ho Chi Minh City to go into mandatory isolation by Dong Nai, Binh Duong, and other southern provinces have elicited protest from the foreign business community. Many eminent members of the European Chamber of Commerce inVietnam
VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID HO CHI MINH CITY CALLS FOR 15-DAY SOCIAL DISTANCING AS Ho Chi Minh City calls for 15-day social distancing as COVID-19 infections rise. Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has ordered social distancing across the city for at least two weeks starting from May 31 over fears of rising local COVID-19 transmissions. According to Nguyen Tan Binh, director of HoChi
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID HO CHI MINH CITY CALLS FOR 15-DAY SOCIAL DISTANCING AS Ho Chi Minh City calls for 15-day social distancing as COVID-19 infections rise. Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has ordered social distancing across the city for at least two weeks starting from May 31 over fears of rising local COVID-19 transmissions. According to Nguyen Tan Binh, director of HoChi
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. 11 PRIORITY GROUPS ELIGIBLE TO FIRST COVID-19 VACCINATION Deputy Minister of Health Do Xuan Tuyen has signed the Directive on the 11 priority groups of people to receive the first COVID-19 vaccination in Vietnam. The groups include health professionals, the pandemic prevention and fight task force (members of steering committees, people working in quarantining areas, reporters andothers), diplomats
IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
KEY DIFFERENCES BETWEEN CPTPP AND TPP Second, the number of member economies is 11. Together, they make up 13.5 per cent of the global GDP and 15.2 per cent of total global trade turnover, much lower than the TPP’s scale (due to a significant pull by the US) of 38.2 per cent of global GDP and 26.5 per cent of trade turnover. Despite the withdrawal of the US, theCPTPP still
VNLIFE BAGS$300 MILLION INVESTMENT FROM SOFTBANK AND GIC VNLIFE bags$300 million investment from Softbank and GIC. Dealstreetasia reported VNLIFE’s representatives as saying that Japan-based Softbank Vision Fund and Singapore-based sovereign wealth fund GIC have committed to proposing investment deals of $200 million and $100 million, respectively, to further the growth of the firm.VNLIFE is the
VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. STING BRAND SPONSORS VND5 BILLION FOR COVID-19 VACCINE FUND To support the Vietnamese government in purchasing and distributing COVID-19 vaccines to protect the health of Vietnamese people, foreign-owned beverage firm Suntory PepsiCo Vietnam contributed VND5 billion ($217,400) to the Vietnam COVID VIETNAM AIRLINES LICENSED TO CONDUCT 12 REPATRIATION 1 day ago · Vietnam Airlines has officially been licensed to operate 12 flights repatriating Vietnamese citizens from the US this year, the national flag carrier said on June 10. An aircraft of Vietnam Airlines (Photo: VNA) Hanoi – Vietnam Airlines has officially been licensed to operate 12 flights MANUFACTURERS RACE TO PROTECT OPERATIONS With the spread of coronavirus cases in Ho Chi Minh City, local and foreign producers alike are now seeing their manufacturing prospects darken with supply chain issues and sharp cost increases. Almost all industries in Vietnam’s southern region have been suffering under supply chain disruptions THIRD YOUTH CO:LAB SUMMIT HIGHLIGHTS RESILIENCE AMID COVID 23 hours ago · The Asia-Pacific’s largest youth-led social entrepreneurship movement, co-led by the United Nations Development Programme (UNDP) and the Citi Foundation, culminated in the third Youth Co:Lab Regional Summit early this month. The third Youth Co:Lab Regional Summit brought together several thousand IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. LIVE STREAMING IN VIETNAM GROWING MORE POPULAR FOR Farmers across the country have picked up live-streaming to boost sales amidst the COVID-19 pandemic. Farmers in the northern province of Bac Giang now use live streaming to sell lychee By partnering up with e-commerce sites like Shopee and Sendo, farmers in ENERGY MIX FOR VIETNAM WITH LNG-TO-POWER 1 day ago · Supported by the favourable geographical and natural conditions and constrained by the restrictions on thermal power projects in the last few years, Vietnam has been promoting the concept of using liquefied natural gas for power production. Vaibhav Saxena and Tu Hue Anh from Vilaf law firm delve into the opportunities and key obstacles under the new rules. ODA, FOREIGN LOAN DISBURSEMENT STANDING AT JUST 7.5 PCT. 1 day ago · Only 7.5 percent of official development assistance (ODA) and foreign loans have been disbursed since the beginning of the year according to the Ministry of Finance (MoF). Illustrative photo (Source: VNA) Hanoi - Only 7.5 percent of official development assistance (ODA) and ASIAN MARKETS LOWER ON RATE FEARS, G7 TECH TAX PLAN Asian markets were mostly lower Monday as comments by US Treasury Secretary Janet Yellen stoked concerns over a hike in interest rates while investors also mulled the impact of the G7 global tax plan ontech giants.
VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID HO CHI MINH CITY CALLS FOR 15-DAY SOCIAL DISTANCING AS Ho Chi Minh City calls for 15-day social distancing as COVID-19 infections rise. Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has ordered social distancing across the city for at least two weeks starting from May 31 over fears of rising local COVID-19 transmissions. According to Nguyen Tan Binh, director of HoChi
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to 11 PRIORITY GROUPS ELIGIBLE TO FIRST COVID-19 VACCINATION Deputy Minister of Health Do Xuan Tuyen has signed the Directive on the 11 priority groups of people to receive the first COVID-19 vaccination in Vietnam. The groups include health professionals, the pandemic prevention and fight task force (members of steering committees, people working in quarantining areas, reporters andothers), diplomats
IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
VNLIFE BAGS$300 MILLION INVESTMENT FROM SOFTBANK AND GIC VNLIFE bags$300 million investment from Softbank and GIC. Dealstreetasia reported VNLIFE’s representatives as saying that Japan-based Softbank Vision Fund and Singapore-based sovereign wealth fund GIC have committed to proposing investment deals of $200 million and $100 million, respectively, to further the growth of the firm.VNLIFE is the
VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID HO CHI MINH CITY CALLS FOR 15-DAY SOCIAL DISTANCING AS Ho Chi Minh City calls for 15-day social distancing as COVID-19 infections rise. Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has ordered social distancing across the city for at least two weeks starting from May 31 over fears of rising local COVID-19 transmissions. According to Nguyen Tan Binh, director of HoChi
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to 11 PRIORITY GROUPS ELIGIBLE TO FIRST COVID-19 VACCINATION Deputy Minister of Health Do Xuan Tuyen has signed the Directive on the 11 priority groups of people to receive the first COVID-19 vaccination in Vietnam. The groups include health professionals, the pandemic prevention and fight task force (members of steering committees, people working in quarantining areas, reporters andothers), diplomats
IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
VNLIFE BAGS$300 MILLION INVESTMENT FROM SOFTBANK AND GIC VNLIFE bags$300 million investment from Softbank and GIC. Dealstreetasia reported VNLIFE’s representatives as saying that Japan-based Softbank Vision Fund and Singapore-based sovereign wealth fund GIC have committed to proposing investment deals of $200 million and $100 million, respectively, to further the growth of the firm.VNLIFE is the
VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. FIRST COVID-19 VACCINE DEATH REPORTED IN VIETNAM Vietnam reported the first case of death after receiving AstraZeneca COVID-19 vaccine on May 7, two months after vaccination began in the country. According to Tu Quoc Tuan, director of An Giang Health Department, the victim was a 35-year-old female health worker in the southern province of An Giang. She died a day after the firstcoronavirus
THIRD YOUTH CO:LAB SUMMIT HIGHLIGHTS RESILIENCE AMID COVID 8 hours ago · The Asia-Pacific’s largest youth-led social entrepreneurship movement, co-led by the United Nations Development Programme (UNDP) and the Citi Foundation, culminated in the third Youth Co:Lab Regional Summit early this month. The third Youth Co:Lab VIRUS-HIT PROVINCES SEEK CONTINUATION OF PRODUCTION The people of the two northern provinces of Bac Giang and Bac Ninh are demonstrating their mettle in the fight against recent coronavirus outbreaks, retaining production to protect supply chains as much as possible. Deputy Minister of Health Nguyen Truong Son IFC PROMOTES VIETNAM’S PPE PRODUCTION CAPACITY FOR COVID Given the unprecedented pandemic, the global demand for high-quality PPE products – face masks, medical gloves, safety glasses and shoes, respirators, coveralls, vests, and full bodysuits – increased three to four times between 2019 and 2020, according to a recent study funded by the United Kingdom Foreign, Commonwealth & DevelopmentOffice (FCDO).
IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. ODA, FOREIGN LOAN DISBURSEMENT STANDING AT JUST 7.5 PCT. 12 hours ago · Only 7.5 percent of official development assistance (ODA) and foreign loans have been disbursed since the beginning of the year according to the Ministry of Finance (MoF). Illustrative photo (Source: VNA) Hanoi - Only 7.5 percent of official development assistance (ODA) and INVESTORS POINTING TO UPBEAT MOMENTUM Vietnam’s generally effective control of the health crisis and improvement of the investment and business climate have further strengthened the confidence of investors in the country. After spending months studying the investment climate of over 20 cities and provinces and more than 30 industrial COVID-19 – ECONOMICS BEHIND THE PRICING OF FACE MASKS The virus has led us to significant price hikes in consumer goods, notably face masks. In Vietnam, the COVID-19 has inflated the price of face masks 5-7 times its original price, if not more, according to Tuoi Tre News. The average price level before the virus was about VND40,000 per box (approximately $1.74), but now it isVND200,000-300,000
VIETNAM TAKES ACTION TO CLEAN OUT OCEAN ENVIRONS Vietnam is mobilising all resources to clean up three-quarters of marine plastic litter by 2030 Estimates predict that without prompt government action, between 0.28 and 0.73 million tonnes of plastic will flow into Vietnam’s seas each year, causing tremendous economic, social, and VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID BUSINESS COMMUNITY EAGER TO CONTRIBUTE TO VIETNAM"S For instance, Sovico Group and HDBank have donated VND60 billion ($2.6 million) to Vietnam’s COVID-19 vaccination campaign via the MoH. Another company, Ecopark, has made a $1 million donation to the COVID-19 fund to fight against the pandemic. The group also announced financial support for the import of 60,000 vaccine doses to inoculate100
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to VIETNAM MOBILE NETWORK OPERATORS AGREE TO DEPLOY 5G Vietnam mobile network operators agree to deploy 5G network sharing trial. The commercialisation of 5G is expected to be implemented nationwide soon as mobile network operators Viettel, VNPT, and Mobifone on May 27 signed an agreement online to begin trialling 5G network sharing. The agreement focuses on two important issues –data roaming
EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. $1.3 BILLION O MON II THERMAL POWER PLANT RECEIVES The joint venture between Vietnam Trading Engineering Construction JSC (Vietracimex) and Marubeni Corporation from Japan officially received the investment registration certificate for the 1,050MW O Mon II thermal power plant project with the preliminary capital ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID BUSINESS COMMUNITY EAGER TO CONTRIBUTE TO VIETNAM"S For instance, Sovico Group and HDBank have donated VND60 billion ($2.6 million) to Vietnam’s COVID-19 vaccination campaign via the MoH. Another company, Ecopark, has made a $1 million donation to the COVID-19 fund to fight against the pandemic. The group also announced financial support for the import of 60,000 vaccine doses to inoculate100
OANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to VIETNAM MOBILE NETWORK OPERATORS AGREE TO DEPLOY 5G Vietnam mobile network operators agree to deploy 5G network sharing trial. The commercialisation of 5G is expected to be implemented nationwide soon as mobile network operators Viettel, VNPT, and Mobifone on May 27 signed an agreement online to begin trialling 5G network sharing. The agreement focuses on two important issues –data roaming
EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. $1.3 BILLION O MON II THERMAL POWER PLANT RECEIVES The joint venture between Vietnam Trading Engineering Construction JSC (Vietracimex) and Marubeni Corporation from Japan officially received the investment registration certificate for the 1,050MW O Mon II thermal power plant project with the preliminary capital ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
VIETNAM INVESTMENT REVIEW Vietnam Investment Review, Investment, Vietnam Investment, World business, finance, money, capital, political news from Vietnam IFC PROMOTES VIETNAM’S PPE PRODUCTION CAPACITY FOR COVID 17 hours ago · Given the unprecedented pandemic, the global demand for high-quality PPE products – face masks, medical gloves, safety glasses and shoes, respirators, coveralls, vests, and full bodysuits – increased three to four times between 2019 and 2020, according to a recent study funded by the United Kingdom Foreign, Commonwealth & Development Office (FCDO). VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID US CDC RANKS VIETNAM AT LOW COVID-19 RISK ALERT 17 hours ago · The US Centers for Disease Control and Prevention (CDC) has eased travel advisories for more than 110 countries and territories, with Vietnam in the safest category for travel. US CDC ranks Vietnam as a low-level threat destination Vietnam is now a UNSECURED DEBTS REQUIRE REGULATION 5 hours ago · Unsecured loan sales may see growth accelerated in response to a Vietnamese government ban on debt collection services – however, experts believed a clearer legal framework and firmer rules would help spur a more substantial unsecured debts SOLUTIONS URGED AFTER REPEATED DOWNTIME AT CONGESTED HO 17 hours ago · This month’s adoption of new infrastructure is expected to disentangle technical congestion in the Ho Chi Minh Stock Exchange – a dragging conundrum for both institutional and mom-and-pop investors. The system used for the Ho Chi Minh Stock Exchange has been in dire need of a revamp for some NEW PROGRAMME LAUNCHED TO BOOST DIGITAL SALES OF 17 hours ago · A group of local organisations have signed an MoU to launch a programme to boost digital transformation of small- and medium-sized enterprises, cooperatives, and business households in Vietnam's agri-product sector. At the virtual singing ceremony, a ELUSIVE ALPHA KING TO FEEL BRUNT OF ANGERED BUYERS 17 hours ago · At least one homebuyer of the former Alpha City project is threatening to go to court with Alpha King, the Hong Kong-based developer which transferred the project to new ones, but has thus failed to fulfil its obligations to former customers of itssold units.
BUSINESS COMMUNITY EAGER TO CONTRIBUTE TO VIETNAM"S For instance, Sovico Group and HDBank have donated VND60 billion ($2.6 million) to Vietnam’s COVID-19 vaccination campaign via the MoH. Another company, Ecopark, has made a $1 million donation to the COVID-19 fund to fight against the pandemic. The group also announced financial support for the import of 60,000 vaccine doses to inoculate100
MEKONG ENTERPRISE FUND IV COMPLETES INVESTMENT IN MUTOSI GROUP 1 day ago · Mekong Capital has announced that Mekong Enterprise Fund IV has completed an investment in Mutosi Group, a manufacturer and distributor of water purifiers and electrical appliances following Japanese standards. Mekong Enterprise Fund IV will support Mutosi Group in successfully scaling up operations VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is impacting their business operations. Accordingly, four S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable. HO CHI MINH CITY CALLS FOR 15-DAY SOCIAL DISTANCING AS Ho Chi Minh City calls for 15-day social distancing as COVID-19 infections rise. Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has ordered social distancing across the city for at least two weeks starting from May 31 over fears of rising local COVID-19 transmissions. According to Nguyen Tan Binh, director of HoChi
ASCEND VIETNAM VENTURE CAPITAL FIRM LAUNCHED TO INVEST IN Ascend Vietnam Ventures is the newest venture firm focusing on investing in seed-stage companies in Vietnam. Started by two 500 Startups partners, the firm plans to invest from $500,000 to $2 million in 25 companies in the country in the next three years. 500 Startups partners Binh Tran and VIETNAM TO BE REMOVED FROM GSP OF EAEU Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021. In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019 According to IMPRESSIVE 2020 FOR VIETNAM’S CORPORATE BOND MARKET Under this preliminary update, over VND410 trillion ($17.82 billion) of corporate bonds were issued in 2020, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Notably, the total issuance volume in August accounted for over 25 per cent of the total corporate bond issuance volume in 2020. ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
EXPORT-IMPORT TO CHINA IMPACTED BY COVID-19 Export-import to China impacted by COVID-19. In 2019, China ranked as Vietnam's second-largest foreign market with $41.41 billion, just behind the United States. However, the epidemic outbreak in China has had a great impact on trade between the two countries, as well as tourism and aviation. 11 out of 45 of the major export items to China VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVIDOANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked its members how the private sector can support the government’s vaccination drive and how the pandemic is HO CHI MINH CITY CALLS FOR 15-DAY SOCIAL DISTANCING AS Ho Chi Minh City calls for 15-day social distancing as COVID-19 infections rise. Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong has ordered social distancing across the city for at least two weeks starting from May 31 over fears of rising local COVID-19 transmissions. According to Nguyen Tan Binh, director of HoChi
LENDERS TAKE UP PANDEMIC VACCINE CONTRIBUTION CAUSE With Vietnam’s fresh COVID-19 vaccine fund launched, credit institutions are drawing on their expertise, implementing zero-free programmes and extending roadmaps for debt rescheduling to ramp up their assistance for a mass vaccine drive. (FILES) In IFC PROMOTES VIETNAM’S PPE PRODUCTION CAPACITY FOR COVID 3 hours ago · Given the unprecedented pandemic, the global demand for high-quality PPE products – face masks, medical gloves, safety glasses and shoes, respirators, coveralls, vests, and full bodysuits – increased three to four times between 2019 and 2020, according to a recent study funded by the United Kingdom Foreign, Commonwealth & Development Office (FCDO). COMPANIES EAGER TO TAKE PANDEMIC VACCINE INITIATIVE A number of international businesses in Vietnam are seeking a licence for COVID-19 vaccination and RT-PCR test kit imports out of their own pocket in order to take the initiative in funding and to accelerate the government’s vaccination drive. Covid-19 INVESTORS POINTING TO UPBEAT MOMENTUM 1 day ago · Vietnam’s generally effective control of the health crisis and improvement of the investment and business climate have further strengthened the confidence of investors in the country. After spending months studying the investment climate of over 20 cities and provinces and more than 30 industrial NEW PROGRAMME LAUNCHED TO BOOST DIGITAL SALES OF 3 hours ago · A group of local organisations have signed an MoU to launch a programme to boost digital transformation of small- and medium-sized enterprises, cooperatives, and business households in Vietnam's agri-product sector. At the virtual singing ceremony, a INFLATION REINED IN AS MATERIALS PRICES RISE THROUGH YEAR 1 day ago · Despite a big rise in the prices of construction materials and fuel, a 5-year low in the consumer price index caused by weak demand in the first five months of 2021 is signalling a successful control of inflation. Dang Duc Anh, vice director of theNational Centre
VIETNAM MOBILE NETWORK OPERATORS AGREE TO DEPLOY 5G The commercialisation of 5G is expected to be implemented nationwide soon as mobile network operators Viettel, VNPT, and Mobifone on May 27 signed an agreement online to begin trialling 5G network sharing. Vietnam's largest mobile networkVIETNAMESE FEMALE
Athough almost three-quarters of the Vietnamese female working-age population has been consistently contributing to the labour force for over two decades, Vietnamese women still face XUAN MAI - VIR.COM.VN 8 hours ago · Hanwha Life Vietnam supports community and sales force with $130,430 against COVID-19 . 15:41 | 09/06/2021GOOGLE CLOUD
Fortinet announces Secure SD-WAN integration to benefit Google Cloud NCC users . 11:42 | 09/06/2021 VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. INDUSTRIAL PROPERTIES Industrial Properties. Shifting logistics real estate trends. 09:00 | 20/05/2021. International trade has been severely impacted by the pandemic. Not only have consumer habits changed but new medicines and vaccines require new capabilities in logistics to be properly delivered and stored. These changes are forcingOANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE European business leaders now urge the government to go further and faster, harnessing the power of private enterprises and allowing companies to vaccinate their staff out of their own pockets. With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked itsmembers how
COVID-19 – ECONOMICS BEHIND THE PRICING OF FACE MASKS The virus has led us to significant price hikes in consumer goods, notably face masks. In Vietnam, the COVID-19 has inflated the price of face masks 5-7 times its original price, if not more, according to Tuoi Tre News. The average price level before the virus was about VND40,000 per box (approximately $1.74), but now it isVND200,000-300,000
PT HANLIM POWER CORPORATION PT Hanlim Power Corporation. RoK firm invests in building thermal power plant in Indonesia. 11:39 | 01/09/2020. PT Hanlim Power Corporation, the arm of a Republic of Korean company in Indonesia, plans to build a 4,800 MW gas-fired power plant in Batubara QUANG TRACH 1 THERMAL POWER PLANT The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for EVN to develop Quang Trach 1 Thermal Power Plant. Daewoo E&C LILAMA opposes unfair contractor selection for Quang Trach 1 power plant. The joint venture of Daewoo E&C LILAMA submitted a document reflecting on the unfair selection of an EPC package ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
VIETNAM’S SIX LARGE-SCALE FOREIGN PHARMACEUTICAL FIRMSLARGE VIETNAMESE PHARMACEUTICAL COMPANIESHOAI PHUONG PHARMACEUTICAL COMPANYVIETNAM PHARMACEUTICAL CORPORATIONVIETNAM PHARMACEUTICAL IMPORTERSVIETNAM PHARMACEUTICAL MARKETAMERICAN PHARMACEUTICAL COMPANY Vietnam’s six large-scale foreign pharmaceutical firms. The massive entry of foreign pharmaceutical corporations, such as Sanofi, Taisho, and Abbott is creating considerable pressure for domestic pharmaceutical enterprises. The six large-scale pharmaceuticals are happy with their performance in Vietnam. The Vietnamese pharmaceuticalmarket is
$110 MILLION WIND FARM KICKED OFF IN BAC LIEU Cong Ly Ltd. is a wind power developer in Bac Lieu with a VND5.2 trillion ($226.08 million) project. It has put 62 wind turbine poles with the total capacity of 99.2MW into operation, producing 320 million kWh of electricity a year. In January 2018 Cong Ly organised the ground-breaking ceremony of the Bac Lieu wind farm phase III,which will
VIETNAM TO RECEIVE VACCINES FROM US SURPLUS Vietnam has been chosen as one of the first countries to receive surplus vaccines from the United States. The White House announced that the US government is to share at least 80 million doses of COVID-19 vaccine worldwide by the end of June 2021, and plans to donate the first 25 million doses. INDUSTRIAL PROPERTIES Industrial Properties. Shifting logistics real estate trends. 09:00 | 20/05/2021. International trade has been severely impacted by the pandemic. Not only have consumer habits changed but new medicines and vaccines require new capabilities in logistics to be properly delivered and stored. These changes are forcingOANH OANH - VIR
Oanh Oanh. Labour export businesses struggle amid latest COVID-19 resurgence. 10:00 | 20/05/2021. As there has not been much time to recover from losses caused by the pandemic last year, Vietnamese labour export enterprises and workers wishing to EUROPEAN BUSINESS LEADERS URGE COVID-19 VACCINATION DRIVE European business leaders now urge the government to go further and faster, harnessing the power of private enterprises and allowing companies to vaccinate their staff out of their own pockets. With Vietnam in the midst of the fourth wave of the COVID-19 outbreak, the European Chamber of Commerce in Vietnam (EuroCham) has asked itsmembers how
COVID-19 – ECONOMICS BEHIND THE PRICING OF FACE MASKS The virus has led us to significant price hikes in consumer goods, notably face masks. In Vietnam, the COVID-19 has inflated the price of face masks 5-7 times its original price, if not more, according to Tuoi Tre News. The average price level before the virus was about VND40,000 per box (approximately $1.74), but now it isVND200,000-300,000
PT HANLIM POWER CORPORATION PT Hanlim Power Corporation. RoK firm invests in building thermal power plant in Indonesia. 11:39 | 01/09/2020. PT Hanlim Power Corporation, the arm of a Republic of Korean company in Indonesia, plans to build a 4,800 MW gas-fired power plant in Batubara QUANG TRACH 1 THERMAL POWER PLANT The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for EVN to develop Quang Trach 1 Thermal Power Plant. Daewoo E&C LILAMA opposes unfair contractor selection for Quang Trach 1 power plant. The joint venture of Daewoo E&C LILAMA submitted a document reflecting on the unfair selection of an EPC package ELECTRIC MOTORBIKE GROWTH ACCELERATES Electric motorbike growth accelerates. Locally-invested Son Ha Group is teaming up with German giant Bosch to establish a new factory and take part in the mostly untapped electrical motorbike market in Vietnam, racing towards a green trend while taking away some of Japanese Honda’s dominance. The deal, signed last week, will seeBosch’s
VIETNAM’S SIX LARGE-SCALE FOREIGN PHARMACEUTICAL FIRMSLARGE VIETNAMESE PHARMACEUTICAL COMPANIESHOAI PHUONG PHARMACEUTICAL COMPANYVIETNAM PHARMACEUTICAL CORPORATIONVIETNAM PHARMACEUTICAL IMPORTERSVIETNAM PHARMACEUTICAL MARKETAMERICAN PHARMACEUTICAL COMPANY Vietnam’s six large-scale foreign pharmaceutical firms. The massive entry of foreign pharmaceutical corporations, such as Sanofi, Taisho, and Abbott is creating considerable pressure for domestic pharmaceutical enterprises. The six large-scale pharmaceuticals are happy with their performance in Vietnam. The Vietnamese pharmaceuticalmarket is
$110 MILLION WIND FARM KICKED OFF IN BAC LIEU Cong Ly Ltd. is a wind power developer in Bac Lieu with a VND5.2 trillion ($226.08 million) project. It has put 62 wind turbine poles with the total capacity of 99.2MW into operation, producing 320 million kWh of electricity a year. In January 2018 Cong Ly organised the ground-breaking ceremony of the Bac Lieu wind farm phase III,which will
VIETNAM INVESTMENT REVIEW Vietnam Investment Review, Investment, Vietnam Investment, World business, finance, money, capital, political news from VietnamABOUT US - VIR
Vietnam Investment Review in Brief. Established in 1991 by the Ministry of Planning and Investment (then the State Committee for Investment and Cooperation) – the Government’s macroeconomic and social development policy think-tank – the Vietnam Investment Review Group has crossed a long path towards becoming Vietnam’s leading economics and business newspapers. VIETNAM ANNOUNCES 18 FIRST UNITS QUALIFIED TO IMPORT COVID The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) on June 1 announced the list of the first 18 entities qualified to import COVID-19 vaccines. Minster of Health Nguyen Thanh Long said that the MoH encourages and is creating the most favourable conditions for businesses and localities to join the efforts to import COVID FIRST COVID-19 VACCINE DEATH REPORTED IN VIETNAM Vietnam reported the first case of death after receiving AstraZeneca COVID-19 vaccine on May 7, two months after vaccination began in the country. According to Tu Quoc Tuan, director of An Giang Health Department, the victim was a 35-year-old female health worker in the southern province of An Giang. She died a day after the firstcoronavirus
S&P GLOBAL RAISES VIETNAM OUTLOOK TO POSITIVE S&P Global Ratings has revised the outlook on its long-term ratings on Vietnam to positive from stable. Since the outbreak of the pandemic, Vietnam is the only country to be upgraded to positive by all three credit rating agencies, Moody's, Fitch, and S&P. In April, Fitch Ratings has revised Vietnam's outlook to positive from stable.TAG: - VIR.COM.VN
Bringing tried-and-tested EU know-how to bear in Vietnam . 09:00 | 07/06/2021. Discussing European Union’s ambitions to combat plastic pollution, Rui Ludovino, first counsellor of Climate Action, Environment, Employment, and Social Policies at the Delegation of theAUTHOR - VIR.COM.VN
Strong bedrock set for disbursement . 23:20 | 08/06/2021. While the disbursement of public investment reached a 5-year peak in 2020, progress in the first months of 2021 was significantly slower.AUTHOR - VIR.COM.VN
A pioneer to address shortage of affordable housing . 08:00 | 06/06/2021. Young people in Ho Chi Minh City have strong demand for affordable housing but the market is critically short on apartments below VND2 billion ($86,286). ISOLATION - VIR.COM.VN Southern isolation policies draw protests from foreign business community . 10:25 | 07/06/2021LIBOR - VIR.COM.VN
Navigating the transition from LIBOR . 07:00 | 07/06/2021. The transition from the London interbank offered rate to the risk-free rate will have a wide-ranging impact on banks globally.* Advertisement
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PouYuen Vietnam proposed to suspend operations for three days toprevent COVID-19
Ho Chi Minh City People’s Committee suggested the prime minister to suspend the operations of PouYuen Vietnam for three days to prevent the spread of COVID-19. PM calls on expats to keep joining nation's efforts in pandemic combat Prime Minister Nguyen Xuan Phuc has sent a letter to the overseas Vietnamese community, calling on them to remain unanimous and stand side by side with the homeland in the battle against the COVID-19pandemic.
Vietnam soon implementing mobile money The mobile money pilot programme will soon be launched, signalling the dawn of Vietnam's cashless future. PouYuen Vietnam proposed to suspend operations for three days toprevent COVID-19
Ho Chi Minh City People’s Committee suggested the prime minister to suspend the operations of PouYuen Vietnam for three days to prevent the spread of COVID-19. PM calls on expats to keep joining nation's efforts in pandemic combat Prime Minister Nguyen Xuan Phuc has sent a letter to the overseas Vietnamese community, calling on them to remain unanimous and stand side by side with the homeland in the battle against the COVID-19pandemic.
Vietnam soon implementing mobile money The mobile money pilot programme will soon be launched, signalling the dawn of Vietnam's cashless future. PouYuen Vietnam proposed to suspend operations for three days toprevent COVID-19
Ho Chi Minh City People’s Committee suggested the prime minister to suspend the operations of PouYuen Vietnam for three days to prevent the spread of COVID-19.prev
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Steel producers hit hard by pandemic The Vietnam Steel Association (VSA)’s member enterprises suffered a strong reduction in production and business in the first quarter of this year due to the COVID-19 pandemic. Ministry launches investigation into anti-dumping duties on polyesteryarn
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Vietnam accelerating ventilator production The crucial ventilating equipment used to save the lives of coronavirus patients are becoming a commodity much sought after by many countries, including Vietnam. PouYuen Vietnam proposed to suspend operations for three days toprevent COVID-19
Ho Chi Minh City People’s Committee suggested the prime minister to suspend the operations of PouYuen Vietnam for three days to prevent the spread of COVID-19. Quang Nam prioritises green FDI projects The central province of Quang Nam expects to welcome more FDI projects promoting green growth, according to Chairman of the provincial People’s Committee Le Tri Thanh. EU completes procedures for EVFTA to take effect: Official In his recent phone talks with European Commissioner for Trade Phil Hogan, Minister of Industry and Trade Tran Tuan Anh exchanged views on a number of issues related to the European Union – Vietnam Free ...MOST READ
* Deadlines for tax and land use fee payments extended * Vietnam’s second-home segment on the rise * Service apartment show stable development in the real estatemarket
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Conference discusses incentives for solar power growth in Vietnam Nestlé MILO launches paper straws for MILO Breakfast Drink to promote green consumption trends New tariff scheme approved to encourage solar development Ninh Thuan vows to facilitate renewable energy projectsPROPERTY
GREEN BUILDINGS
INDUSTRIAL PROPERTIES Realty firms try their best to cope with COVID-19 Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19. Vietnam’s second-home segment on the rise Service apartment show stable development in the real estate market JERDE introduces newly projects in Southeast Asia and beyond Hotels setting up for post-pandemic boom*
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MONEY
INSURANCE
SMART PAYMENT TRENDS Banks sell mortgaged assets to resolve bad debts Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts. Vietnam soon implementing mobile money The mobile money pilot programme will soon be launched, signalling the dawn of Vietnam's cashless future. Shares mixed on investor caution FWD Group gets green light for Vietcombank-Cardif Life Insuranceacquisition
HDBank reports impressive growth in 2019 on journey to become a HappyDigital Bank
Local insurers cash in on pandemic*
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TIMEOUT
TRAVEL
HOTELS & RESTAURANTSTHE INSIDER
ENTERTAINMENT
LIFESTYLE
Vietnam tourism ambassadors Voluntarily registered as free or paid quarantine facilities for the last overseas guests in Vietnam, top hotels and homestays have become the nation’s ambassadors with a hospitable and enthusiastic message...
TRENDING
* Make Vietnam your second home * Over 5.2 million USD donated to aid COVID-19 fight in one day * Vietnam businesses and artists donate over US$3 million to fightCovid-19
* Traditional vocal heritage on YouTube * InterContinental Phu Quoc Long Beach resort promotes DONG Y spa * Pullman Hanoi sets table for a lush spring culinary journey * Wellness awe therapies at Anantara Quy Nhon VillasTravel
Ben Tre province eyes rural tourism destination Hotels & Restaurants Vietnam tourism ambassadorsThe Insider
Working together with giants toward sustainable developmentTimeout
AirX Coffee Face Masks introduced to Vietnamese consumersSPORTS
Coach Park sets new tactics for national team Vietnam national team in top 15 in Asia Another Vietnamese player joins AFC’s campaign against COVID-19 Coronavirus forces athletes to train at homeVIDEOS
Son Doong among the 10 best virtual tours of world's natural wonders Vietnamese motherland embraces every citizen Enterprises ensure employees’ safety amidst Covid-19 outbreakCOVID-19
fight: Together we win Vietnam ranks 96th in global talent competitiveness index EVFTA, EVIPA offer prospect of high quality FDI to VietnamPHOTOS
Mekong Delta enjoys bumper rice crop Despite being affected by drought and saltwater intrusion, the Mekong Delta harvested a record output of about 7.3 million tons of rice in the Winter-Spring crop 2019-2020. Flowers bloom on Hoang Lien Son mountain rangeCyclo
tour around Hue cityINFOGRAPHICS
National social distancing: Necessary services not to be closed down(Infographics)
Vietnam attracts 8.55 billion USD of FDI in Q1 (Infographics)SOCIETY
SWING FOR THE KIDS
CSR
IETCC pioneers COVID-19 protective suit production The IETCC is pioneering the production of COVID-19 protective suits in accordance with the standards of the Ministry of Health. Vietnam Airlines brings 12 Vietnamese stranded in Japan home National flag carrier Vietnam Airlines has flied 12 Vietnamese citizens stranded in Japan back home on a flight on April 12, according to an representative of the airline. Citizen protection online discussion in US against COVID-19 Ambassador to the US Ha Kim Ngoc joined a recent online discussion between Vietnamese representative offices in the host country and the association of Vietnamese students there, focusing on measures to support Vietnamese citizens and ... Vietnamese-owned company presents 600 COVID-19 test kits to Moldova No new COVID-19 cases recorded on April 12 morning COVID-19 cases in Vietnam total 258 after one more confirmedWORLD NEWS
Indonesia's most active volcano Merapi erupts again Mount Merapi, the most active volcano in Indonesia, erupted again on April 10, spewing a column of ashes by up to 3 km high, according to the Indonesian Volcanology Agency. Thai PM to attend online ASEAN+3 meeting on COVID-19 Thailand’s Prime Minister Prayut Chan-o-cha will attend a teleconference of ASEAN+3 on April 14 to discuss coordination in implementing stronger measures to protect the bloc’s 650 million population against COVID-19. WB approves 500 mln USD loan to Philippines The World Bank (WB) said on April 10 that its Board of Executive Directors had approved 500 million USD policy loan to help strengthen the Philippine government's capacity to address disaster risks,respond to and ...
International press highlights Vietnam's success in combating COVID-19 Vietnam's measures against COVID-19 have been applauded by the international media as prompt, drastic and supported by peoplenationwide.
ASEAN, ASEAN+3 Special Summits on COVID-19 response to be held online The ASEAN Special Summit and the ASEAN+3 Special Summit on COVID-19 Response will be held online on April 14.YOUR CONSULTANT
KPMG
PWC
INDOCHINA CAPITAL
GRANT THORNTON
RSM VIETNAM
Management practices for your business Sending a positive message to employees at risk during crisis Invigorating investors with PPP draft Building inward remittances in Vietnam with blockchain Online trade promotion activities should be developed due toCOVID-19: agency
Securities service fees cut does help, but more drastic measures inneed: experts
Experts optimistic about industrial property prospects VIR’S PUBLICATIONS Read our lastest VIR prints on every Monday and special editions. For further distrisbution information please contact us: Email: thuyph@vir.com.vn; Tel:(024) 3845 0537Sign Up
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baodautu.vn | tinnhanhchungkhoan.vn | timeoutvietnam.vn Advertisement | Contact usEditor-in-Chief:
Le Trong Minh
Deputy Editors-in-Chief: Bui Duc Hai, Nguyen Van Hong andNguyen Quoc Viet
Managing Editor: Nguyen Chi Mai Vietnam Investment Review under the Ministry of Planning andInvestment
Licence No. 87/GP-BTTTT International reg: Registered as a newspaper at the Post Office, London, Serial No. SLOOINP; ISSN No. 1021-318X Address: 47 Quan Thanh St, Ba Dinh Distr, Hanoi, Vietnam - Tel: (024)3845 0537,
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