A customer buys medicine at a Pharmacity store. The mass opening of new pharmacy chains is expected to boost the pharmaceutical industry's revenue in the next few years. Photo the courtesy of Pharmacity HÀ NỘI The pharmaceutical industry is growing steadily because input costs are stable compared to other industries and businesses are less affected in a high inflation environment. In the first quarter of 2022, according to the business results of the listed pharmaceutical companies, SSI Research Co estimated that the total pharmaceutical revenue of the country increased by 7 per cent over the same period last year, in which the revenue from the pharmacy channel increased by 23 per cent over year-on-year and the hospital channel decreased by 5 per cent year-on-year. SSI Research assesses that the pharmaceutical industry will grow strongly in the future. Pharmaceutical demand will continue to increase until the end of 2022 when revenue from the hospital channel recovers … [Read more...] about Pharmaceutical industry sees promising propects
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Workshop promotes high-tech agriculture in Binh Duong
The message was emphasised at the scientific conference themed The Resilience of High-Tech Agriculture in Binh Duong Province which was organised by the Binh Duong Department of Science and Technology in tandem with the Department of Agriculture and Rural Development, the People's Committee of Phu Giao district, and the University of Social Sciences and Humanities. At the conference, Nguyen Viet Long, director of the Binh Duong Department of Science and Technology, emphasised the role of science and technology in high-tech agriculture in Binh Duong, highlighting achievements in overcoming challenges and developing sustainably. Ngo Thi Phuong Lan, rector of the University of Social Sciences and Humanities, Vietnam National University Ho Chi Minh City, and director of the Rural Development Centre Saemaul Undong, reported the current situation and development orientation of high-tech agriculture in the country and Binh Duong. At the seminar, Huynh Dinh Thai Linh, director … [Read more...] about Workshop promotes high-tech agriculture in Binh Duong
Purchasing power drops, food prices rise in Ho Chi Minh City
Businesses across Ho Chi Minh City have increased prices of essentials due to higher production costs despite consumer purchasing power having decreased by up to 25 percent, a survey of Tuoi Tre (Youth) newspaper has shown. Enterprises in Vietnam have issued warnings that food prices will continue to rise unless solutions are found to restrain surging food input costs, including raw materials, gasoline, and animal feed. As a case in point, cooking oil is now being sold 15-20 percent more expensive at supermarkets in Ho Chi Minh City than at the beginning of the year, and 70-90 percent higher than the price of 2020. Notably, Tuong An cooking oil now sells for VND60,000-160,000 (US$2.6-$6.9) per liter, depending on the type, while a set of 10 chicken or duck eggs is offered at VND33,000-VND38,000 ($1.4-$1.64) at traditional markets. The rates are about 20 percent higher than earlier this year, and nearly double those of last year, mostly owing to higher production costs and … [Read more...] about Purchasing power drops, food prices rise in Ho Chi Minh City
Work begins on $40-million thin film project in Bình Định
Delegates attended to the factory's groundbreaking ceremony. — Photo baodautu.vn BÌNH ĐỊNH — Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin-film factory at the Becamex Việt Nam-Singapore Industrial Park (VSIP) in the south central province of Bình Định on Tuesday. Kurz International is the first European investor to invest in the 1,425-ha park as well as in the south central province. The US$40-million project covers 12,000sq.m. It is the third invested by Kurz International in Asia. The first phase of the project is expected to be operational in the third quarter of 2023, with a total production capacity of 15 million sq.m of hi-tech film and coating products a year. Depending on operations in Việt Nam, the total investment for the project is expected to be up to $100 million in 10-15 years. General Director of KURZ Vietnam Co, Cosima von Salis said the new factory in Bình Định Province will help … [Read more...] about Work begins on $40-million thin film project in Bình Định
Transport sector beseeches support amid soaring fuel costs
Buses at the Mien Tay Station in HCM City. — VNA/VNS Photo Hoang Hai The HCM City transport industry has sought Government support to help recover from the double whammy of the COVID-19 pandemic and skyrocketing fuel prices. Le Trung Tinh, chairman of the city Intercity Passenger Transport and Tourism Association, said the high prices of petroleum products have made it difficult for transport businesses, leading to a fresh crisis post-pandemic. Fuel prices account for 30-50 per cent of transport costs, and so the hike in prices has created massive challenges for the industry, he said. The Government and National Assembly should consider reducing tariffs on petroleum products such as environmental protection, special consumption and value-added taxes, he said. “Petrol prices have surged and been forecast to rise to VND35,000 - 40,000 per litre. If it does, passenger transport firms will find it challenging to survive.” A spokesperson for Tu Vien, a firm that operates on … [Read more...] about Transport sector beseeches support amid soaring fuel costs
Work begins on 40-million USD thin film project in Binh Dinh province
At the event. (Photo: baophapluat.vn) Binh Dinh (VNA) - Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin film factory at the Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on May 24. factory in Binh Dinh province will help strengthen the influence of KURZ Group in Asia, creating conditions for the group to actively participate in the growing market in Southeast Asia, as well as meeting market needs worldwide with high quality products. Binh Dinh with a total investment of more than 13 million USD. investor s, he said./. VNA … [Read more...] about Work begins on 40-million USD thin film project in Binh Dinh province