Hanoi (VNA) – The US Embassy in Vietnam held a ceremony in Hanoi on October 9 to celebrate the 244th anniversary of the US’s independence and the 25th founding anniversary of the two countries’ diplomatic relations. On the half of the Vietnamese Government, Acting Minister of Health Nguyen Thanh Long congratulated the US leaders and people on their major anniversary and appreciated efforts by US government agencies to promote bilateral ties. He emphasised that with the 25-year relations based on mutually beneficial cooperation and mutual respect, the two countries’ comprehensive partnership has attained positive strides and been expanded and strengthened in all spheres. He highly valued the strongly growing bilateral trade, which has turned the US into the biggest market of Vietnamese exports and Vietnam into one of the markets with fastest growth of imports from the US. The US assistance in addressing war consequences in Vietnam, particularly the … [Read more...] about Embassy marks 244th US Independence Day, 25 years of Vietnam-US ties
Increase of authorised share capital
COVID-19 is greatly highlighting the issues of poor agent quality and is helping the good companies differentiate themselves. On the flip side, insurers have spent a large amount in marketing campaigns and cooperating with banks to gain a bigger market slice, rather than training their skilled labour force. Consequently, this strategy is a chink in their armour, bringing about poor advice and wrong products being sold. … [Read more...] about New mindset needed for insurance industry
The government should promote domestic small- and medium-sized enterprises (SMEs) through capital subsidies and incentives such as tax breaks and preferential loans. A competitive supporting industry will help in reducing investment costs for renewable projects, Dezan Shira & Associates recommended. … [Read more...] about Vietnam’s renewables: Advantages and considerations
However, their future dark intentions might be deterred as Decree No.117/2020/ND-CP dated September 28, governing fines in the healthcare sector, will take effect from November 15. The new decree, which will replace Decree 176, will feature new toughest-ever rules including suspension of violation-related business activities for 1-3 months if mobile drug retailing establishments fail to satisfy the conditions as ruled, and suspension of violation-related business activities for 6-12 months for forging papers in dossiers announcing business establishment. … [Read more...] about Fresh rules to tackle pharma misconduct
The average monthly income of the poor, near-poor and middle-income groups in 2018 were VND931,000, VND1.8 million and VND2.77 million respectively. This means nearly 15 million households, or about 60 million people, have no access to a lot of basic goods and services due to the gap between income and price. It is worth noting that the sum these households spend on food, drink, and smoking makes up a sizable part of their income – 48% in the 2016 survey, the most recent figure. Their other needs such as housing, electricity, water, sanitation, household appliances, healthcare, travel, education, culture, sports, and entertainment, of course, face more limitations. … [Read more...] about Demand stimulus: where to begin?