Daily ft budget forum

By Hai Van

In November 2017, Adamed Pharma, a Polish pharmaceutical and biotechnology company, acquired the controlling stake in Davipharm, one of the fastest-growing pharmaceutical companies in Vietnam. This is the largest-ever direct private Polish investment in Vietnam.

With over 10 million US dollars invested by Adamed by the end of 2020, Davipharm’s production plant in Binh Duong, Vietnam’s first HP Zone for the production of oncological drugs in solid forms, is an important milestone in terms of investing in high-quality. This will be followed by EU-GMP certification later this year as a continuation of the company strategy focused on raising standards of drug production.

Michal Wieczorek, CEO of Davipharm, said: “The HP Zone in Davipharm answers the needs of Vietnam’s Ministry of Health, providing high-quality oncological drugs to Vietnamese patients. It will also increase the role of domestic drug manufacturers in optimizing the state budget, improve patient safety, and provide medicines to treat some of the most common diseases in Vietnam.

“Currently, eight out of ten people in Vietnam die from non-communicable diseases (NCDs), including cancers. This is also why Davipharm decided to be the first domestic drug manufacturer to become a partner of the Ministry of Health (MoH) in the prevention, early detection, and treatment of NCDs in Vietnam. We are proud to support MoH’s project ‘Vietnamese people giving priority to using Vietnamese drugs’”.

According to new regulations from Vietnam’s Ministry of Health, as well as guidelines from the World Health Organization (WHO), European Medicines Agency (EMA) and Pharmaceutical Inspection Co-operation Scheme (PIC/S), the production of certain products containing hazardous substances must be run at separate premises meeting specific criteria.

Davipharm’s portfolio includes 28 high potency (HP) drugs, among them oncology drugs for treatment of breast cancer, leukemia, pancreas, colorectal, stomach, cervix, prostate and lung cancer and glioblastoma.

The company has the capacity to produce batches from 15kg to 100kg with an annual output of five hundred million units of HP drugs. The total capacity of the factory is 1,800 million units a year.

My Phung

Vingroup’s Phu Quoc United Center – Southeast Asia’s leading entertainment complex – was officially launched on Vietnam’s Phu Quoc Island on Wednesday evening and is expected to open up many opportunities for night-time economic development.

Speaking at the opening ceremony, Le Khac Hiep, vice-chairman of Vingroup, said the inauguration of Phu Quoc United Center will help the island grow rapidly and soon become an important economic center in southern Vietnam, as well as a paradise for tourism and luxury resorts not only in the country but also in the region.

It will lead to a new stage of development for businesses that have had a close and long-term relationship with Phu Quoc, including Vingroup.

The inauguration of Phu Quoc United Center in Phu Quoc Island City, Kien Giang Province, Vietnam, April 21, 2021. Photo: T.T.D. / Tuoi Tre

“Since 2014, Vingroup has implemented ambitious projects with a long-term vision,” Hiep stated.

“Today, we officially put into operation Southeast Asia’s leading tourism-resort-entertainment complex.

“Phu Quoc United Center is a comprehensive ecosystem and a tourist destination that is able to meet all visitors’ needs.

“An inter-level school will also be established on the island in the coming time.”

Chairman of the Phu Quoc People’s Committee Huynh Quang Hung arrives at the opening ceremony on April 21, 2021. Photo: Duy Khanh / Tuoi Tre

Super entertainment complex

Phu Quoc – Vietnam’s first island city – is granted a lot of special mechanisms and policies to promote economic and tourism development, according to Huynh Quang Hung, chairman of the Phu Quoc People’s Committee.

A total of 328 projects worth up to US$16 billion have been established by major corporations on the island so far, Hung continued.

The number of visitors to Phu Quoc increases 25-30 percent every year, he said, adding that the island is expected to welcome three million visitors, who are mainly domestic tourists, in 2021.

“The brand new super entertainment complex plays a significant role in Phu Quoc’s tourism developmen,” Hung remarked.

The replica of Venice’s Grand Canal at Phu Quoc United Center. Photo: Hai Trieu / Tuoi Tre

Ry, a foreign visitor who has been in Vietnam for a year, said he was extremely excited at the opening of Phu Quoc United Center – an all-in-one resort complex.

Rod Beriver, a Canadian businessman, said he was surprised by the magnificence and cleanliness of the super tourism-resort-entertainment complex, especially the replica of Venice’s Grand Canal, which made him feel like he was in modern and glamorous Europe.

Beriver came to Vietnam about seven years ago and is running a business inside Phu Quoc United Center.

This ‘sleepless city’ can totally be compared with other leading destinations in Asia such as Japan and Hong Kong, the Canadian man added.

A food stall within the Grand World Phu Quoc Pedestrian Street – Night Market. Photo: Chi Cong / Tuoi Tre

Vietnam’s first ‘sleepless city’

Vietnamese singer Dang Khoi arrived at Grand World, part of the Phu Quoc United Center, not only as an artist but also an investor since he owns a shophouse in the complex.

“I’ve been looking forward to the grand opening of the complex and hope it will become an attractive tourist destination in the future,” Khoi said.

“I believe this ‘sleepless city’ will spur Vietnam’s tourism in the coming time.”

Nguyen Duc Duy, a Ho Chi Minh City resident, said he landed in Phu Quoc on Wednesday morning on the occasion of the Hung Kings Festival.

Duy and his friends rented some bicycles to tour the Grand World and planned on partying all night long following the opening ceremony of Phu Quoc United Center.

Visitors enjoy their meals at a restaurant at Phu Quoc United Center. Photo: Chi Cong / Tuoi Tre

“I cannot believe Vietnam has such a unique and spectacular entertainment compound,” the visitors exclaimed.

Pham Van Anh, who resides in Duong Dong Town, Phu Quoc City, said she is happy that her hometown has such a special entertainment complex.

“I hope that Phu Quoc will continue to develop so that more tourists will come to and fall in love with the island,” Anh remarked.

The woman added her family had spent VND150,000 (US$6.5) on an enjoyable boat ride along the Venice Grand Canal.

About 300 agricultural products and specialties of various localities were also presented to visitors in the ‘sleepless city.’

A food stall within the Grand World Phu Quoc Pedestrian Street – Night Market. Photo: Chi Cong / Tuoi Tre

Bustling promenade, night market

Grand World currently has three main projects, namely the Grand World Phu Quoc Pedestrian Street – Night Market, NightZone 68, and Saigon Seafood Hub Market, according to Huynh Van Son, general director of Sea Star Saigon JSC.

Open from 6:00 pm to 6:00 am daily, NightZone 68 is the first model to be developed in the night economic complex, Son elaborated.

“The night economy here is an example of a ‘sleepless city,’ which is completely different from the night streets in other urban areas,” he elaborated.

The Pedestrian Street – Night Market has 134 stalls selling food, souvenirs, specialties, local products, travel necessities, and fashion items.

A bird’s-eye view of Grand World Phu Quoc – a ‘sleepless city.’ Photo: Hai Trieu / Tuoi Tre

Five national records at Phu Quoc United Center

Phu Quoc United Center is holding five national records recognized by the Vietnam Record Association, namely the largest complex with diverse entertainment and resort forms, the largest bamboo construction, the first Teddy Bear Museum, the 3D multimedia show with the most Vietnamese historical references, and the largest floating multimedia show inspired by European culture.

The largest bamboo construction in Vietnam, named Bamboo Legend and designed by famed Vietnamese architect Vo Trong Nghia, is made from more than 32,000 bamboo trees with curved arches inspired by traditional and unique communal houses of the Southeast Asian country.

Representatives of Phu Quoc United Center receive five national record certificates from the Vietnam Record Association on April 21, 2021. Photo: T.T.D. / Tuoi Tre

Covering more than 1,500 square meters, the Phu Quoc Teddy Bear Museum has become the eighth member of the global Teddy Bear Museum network.

The museum houses over 500 teddy bears, including the first teddy bear to be manufactured in the United States.

Recognized as the 3D multimedia show with the most Vietnamese historical references, ‘The Quintessence of Vietnam’ show comprises nearly 3,000 daytime mini-shows and 365 nocturnal events each year.

The show recreates the life, culture, and history of Vietnam in ancient times and conveys profound traditional and cultural messages.

Bamboo Legend – Vietnam’s largest bamboo construction. Photo: Hai Trieu / Tuoi Tre

Recognized as Vietnam’s largest floating multimedia show inspired by European culture, ‘The Color of Venice’ super show has a 15,000 square-meter underground stage and the most advanced equipment, recreating the picturesque Venice through Waltz dances, lighting, music, and performances on the water surface.

The show trilogy in Phu Quoc United Center ended with the world-class water music performance named ‘Once Show,’ performed by world-renowned Quantum Creative Studios.

Bamboo Legend – Vietnam’s largest bamboo construction. Photo: Hai Trieu / Tuoi Tre

The Phu Quoc Teddy Bear Museum. Photo : T.T.D. / Tuoi Tre

A performance of ‘The Quintessence of Vietnam’ show. Photo: T.T.D. / Tuoi Tre

A performance of ‘The Color of Venice’ super show. Photo : Tuoi Tre

A fireworks display at the Venice Grand Canal at Phu Quoc United Center. Photo : T.T.D. / Tuoi Tre

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No matter how large or small a business or organization is, it is the potential victim of thousands of viruses and malware programs in the world. In 2020, there were nearly 1 million cyber attacks in Vietnam, focusing mostly on major IT systems.

Covid-19 pandemic has led to a more active use of the virtual space for working and daily operations, which means a higher potential of information leak and stealing due to an abnormal rise of cyber attacks via malware, especially Advanced Persistent Threat (APT) ones.

Head of the Authority of Information Security Nguyen Thanh Phuc stated that since digital transformation is a must of all private and state organizations, strict cyber security becomes a strong indispensable fortress to protect all achievements so far of the community, hence its critical role in any development strategy.

One of the most active agencies in the Vietnam Malware and Cyber-Attack Prevention Alliance is VNPT, which is often the leader in developing cyber security ecosystems for itself as well as other organizations nationwide.

Its Security Operation Center (SOC) specializes in dealing with cyber security problems 24/7. Using one platform for all aspects of cyber safety, the center can integrate various functions simultaneously to timely detect cyber attacks and stop them from spreading further, which effectively minimizing damages to IT systems and their owners. SOCs have saved millions of dollars from information safety activities for businesses as well as individuals.

At the moment, VNPT is cooperating with IBM to develop VNPT MSS (VNPT Managed Security Service) – a platform to monitor and manage the cyber security status of an organization, while providing necessary support to rescue IT systems from any attack,

The service is expected to become the immune system for Vietnam on its way to transform into a digital country with a strong and safe digital government.

By Quynh Luu – Translated by Huong Vuong