Inventories accumulate when planned investment is less than planned saving

Vice chairman Torben Minko How do member companies of the European Chamber of Commerce in Vietnam (EuroCham) evaluate the potential of public-private partnership (PPP) development in Vietnam? Vietnam has a promising opportunity for PPP development with a dynamic population, an increasing middle-income class, and also a rising need for high-quality products and services. Currently, PPPs are not yet applied in the services area. Service-based PPPs can unlock further contributions from the private sector toward an inclusive, forward-looking, and sustainable healthcare system. As such, a legal framework is a key that is conducive to business via a predictable and sustainable environment. EuroCham’s Healthcare Forum includes three sector committees namely Pharma Group (PG), International Quality Medicines (IQMED), and Medical Device Diagnostics (MDDs). The key interests of EuroCham members in PPP include machine installation models in hospitals, addressing public health concerns, … [Read more...] about Deploying public-private health plans

Meeting with CEO of Warburg Pincus Charles Kaye, Prime Minister Pham applauded the effective operation and contribution of the fund in the fight against COVID-19 in Viet Nam. Viet Nam became the third investment destination of Warburg Pincus after China and India. Since 2013, Warburg Pincus has poured nearly US$ 2 billion in leading Vietnamese groups and companies, namely Vingroup, VinaCapital, Techcombank, Becamex, and MoMo. Prime Minister Pham Minh Chinh shakes hands with CEO of Warburg Pincus Charles Kaye, New York, May 15, 2022 - Photo: VGP The Prime Minister said that the Vietnamese Government stands ready to hold dialogue with enterprises so as to help them operate successfully in the country, which shows the mutual trust, sincerity, sense of responsibility, and win-win cooperation. He asked American enterprises, including Warburg Pincus, to fully implement their commitments and directly liaise with relevant ministries and sectors of Viet Nam to expand … [Read more...] about PM urges big funds to expand investment in Vietnam

Prime Minister Phạm Minh Chính (right) had a meeting with Joseph Bae, Co-Chief Executive Officer of the private equity firm Kohlberg Kravis Roberts in New York on May 16. — VNA/VNS Photo Dương Giang HÀ NỘI — Prime Minister Phạm Minh Chính met with leaders of global investment firm Kohlberg Kravis Roberts (KKR) and Visa Group in New York and held phone talks with the Deputy Managing Director of the International Monetary Fund (IMF) during his trip to the US. At a meeting with Joseph Bae, Co-Chief Executive Officer of KKR, on May 16 (US time), the PM asked the firm to share its experience and offer proposals to Việt Nam. Joseph Bae expressed KKR's wish to expand its operation in real estate, infrastructure, digital transformation, food, consumer goods and technology in Việt Nam, noting that the firm had invested more than US$1 billion in three Vietnamese companies. Việt Nam is an attractive market for investors with incentives rolled out by the Government, along with its … [Read more...] about PM meets leaders of investment firm Kohlberg Kravis Roberts, Visa Group in New York

The Japanese retailer plans to build 16 more shopping malls in Vietnam by 2025. AEON Mall Vietnam, the Japanese retailer, wants to invest in three or four more projects in Hanoi by 2025. AEON Mall shopping mall in Long Bien District. Photo: AEON Mall This plan was proposed by General Director of AEON Mall Vietnam Nakagawa Tetsuyuki at a recent meeting with Hanoi Party Secretary Dinh Tien Dung on May 13. By 2025, the Japanese retailer wants to build 16 more shopping malls in Vietnam. It is currently operating six department stores in Vietnam, including two commercial centers in Hanoi’s Long Bien and Ha Dong districts. As investment procedures for its project in Hoang Mai District is being finalized, the General Director of Aeon Mall Vietnam hoped Hanoi will continue to support and remove obstacles so that the execution of the project could kick off in the third quarter of this year. The Japanese business also asked the city to support the research and … [Read more...] about AEON Mall wants to invest in four more projects in Hanoi

Greek President Katerina Sakellaropoulou and Vietnamese President Nguyễn Xuân Phúc during the press conference. — VNA/VNS Photo Thống Nhất HÀ NỘI — President Nguyễn Xuân Phúc and Greek President Katerina Sakellaropoulou on Monday emphasised the importance of enhancing relations between the two countries. This is the Greek President's first official visit to Việt Nam. Vietnamese President Phúc praised the hard work carried out between the two countries to make progress with existing relations and revealed plans are in place to strengthen ties in the future. He told the press conference: "The relations between the two countries have seen significant progress recently, and we have set out specific directions and strategies to further deepen our cooperation in all aspects. "We also discussed a number of regional and international issues of mutual concern.” President Katerina Sakellaropoulou said that this visit will enhance relations between the two countries, the first time … [Read more...] about Plans in place to strengthen Greece – Việt Nam ties

Samsung completed another major part of the construction of the R&D centre in Hanoi The above ceremony marks the completion of 70 per cent of the workload. Samsung ensures that the construction goes on as planned and expects to take the centre into operation by the end of this year as previously committed to the government. Choi Joo Ho, general director of Samsung Vietnam said, “Through the centre, Samsung targets to foster the study capacity of Vietnamese talents in AI, IoT, big data, and 5G to create a premise for the country to be ahead of the pack with the changes of the Fourth Industrial Revolution.” Ho added, “The R&D centre not only proves Samsung’s long-term investment commitment in Vietnam but also shows the group’s determination to support the country in becoming the leading manufacturing hub in Southeast Asia.” The centre has the total investment of $200 million, and the construction was started in March 2020. The project’s construction was going on as … [Read more...] about Samsung completed parts of construction of R&D centre in Hanoi