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Pandemic-hit HCM City looks to sustain growth momentum this year Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May. Data from the municipal Statistics Office, the city’s Gross Regional Domestic Product (GRDP) grew 5.46 percent year-on-year in the first half of this year. Total retail sales of goods and services reached about 542 trillion VND (23.5 billion USD), up 7.3 percent year-on-year. Budget revenue exceeded 198.56 trillion VND, up 20.7 percent and representing 55.7 percent of the yearly plan. Its Industrial Production Index (IIP) picked up 5.9 percent during the period, with growth seen in all four key industries – food and beverage (1.2 percent), pharmaceutical chemistry (2.6 percent), electronics (15.6 percent), and mechanical engineering (10.7 percent). This year, HCM City sets to achieve … [Read more...] about VIETNAM BUSINESS NEWS JULY 25

Vingroup could begin the production of 100-200 million vaccine doses a year by next June. Photo: Shutterstock On July 23, Vietnamese Prime Minister Pham Minh Chinh chaired an online meeting discussing vaccine production. Accordingly, Vietnam's largest conglomerate Vingroup is reported to be negotiating the transfer of COVID-19 vaccine technology with Arcturus with expectations of beginning clinical trials in Vietnam from August. This move is in line with global efforts to scale up access to life saving treatments. If successful, Vingroup will have a capacity of producing 100-200 million doses of vaccine annually. Arcturus Therapeutics is a leading clinical-stage messenger RNA medicines company focused on the development of infectious disease vaccines and rare liver and respiratory diseases. It has developed a vaccine called Arcturus COVID-19 using the same mRNA technology as the vaccines of Pfizer and Moderna. In early June, Vingroup established Vinbiocare Biotechnology … [Read more...] about Vingroup in negotiation with Arcturus for COVID-19 vaccine technology transfer

While he did not divulge specific details of the agreement, the minister said at the first session of the 15th National Assembly that a factory with the capacity to produce 200 million doses is under construction and will commence operations in the first half of 2022. He said Vietnam has also reached agreements on technology transfers for the coronavirus vaccine with Russia and Japan. The Hanoi-based Vabiotech company had packaged its first batch of Sputnik V Covid-19 vaccines last week. The batch will be evaluated in Russia before mass production begins in Vietnam. The tech transfer for the vaccine will be completed by the end of this year, Long said. Up to now, Vietnam has secured deals for 130 million doses of vaccines and is in talks with other manufacturers on deals for a further 40 million shots, he said, adding that the shots are expected to arrive in 2021 and early 2022. To date around 4.5 million doses have been administered, but only about 372,353 people have been … [Read more...] about Vietnam reaches tech transfer agreement on US Covid-19 vaccines: minister

HCMC has officially allowed F1 cases to quarantine at home since July 17. The new policy is implemented with modern technologies. Face recognition The F1 (close contacts of infected person) home quarantine is being implemented on a trial basis in HCMC with the VietNam Health Declaration (VHD) app. This is also the solution chosen by the Ministry of Health (MOH) for migrant medical quarantine. Luu The Anh, Deputy Director of Viettel Solutions, the app developer, said that home quarantined people are required to check in with face recognition at certain moments of the day for medical declaration. There are schedules for medical workers or local policemen to supervise home quarantine. Singapore is applying a similar solution. The developer is joining forces with the HCMC Healthcare Department to apply the solution in localities before the solution is applied nationwide when MOH officially allows F1 and F0 (infected person) cases to quarantine at home. Quarantined people … [Read more...] about Which technologies are being used to supervise home-quarantined people?

Xiaomi surpassed Apple to become the second largest global smartphone manufacturer in the second quarter of the year. — VNS Photo Xiaomi has become number two in terms of global smartphone shipments, according to market research firm Canalys. It said the Chinese brand surpassed Apple with a 17 per cent share in the second quarter after achieving 83 per cent year-on-year growth. Canalys said Xiaomi is now transforming its business model from challenger to incumbent with initiatives such as channel partner consolidation and more careful management in the open market. Next in its sights is Samsung, the world’s largest vendor, it added. Lei Jun, founder, chairman and CEO of Xiaomi, said becoming the world's No 2 was a key milestone in the company’s history. After five years of growth under extremely difficult conditions, its product capabilities have improved significantly, and it plans to keep strengthening its core capabilities and cement its second place, he said. He … [Read more...] about Xiaomi rises to No 2 in global smartphone market

The new Mondelez Kinh Do Vietnam brand identity. — VNS Photo Mondelez Kinh Do Vietnam has announced its new brand indentity, a strategic move after Mondelēz International acquired Kinh Do in 2015 and made it part of Mondelēz's global family of brands. The launch of the new brand identity is aligned with Kinh Do's values and commitment to accompany Vietnamese consumers throughout their daily lives and during special occasions. “With the dedication to serve and with the deep understanding of consumers’ desires, Mondelez Kinh Do team is very proud to be the leading manufacturer and distributor of quality bakery products in Viet Nam,” said marketing director Simon Crowther, Mondelez Kinh Do Vietnam. As for the new brand identity, Kinh Do is committed to upgrade its packaging, taste, and quality and nutritional value in their products. Among the Kinh Do master brand portfolio, fresh breads and cakes pioneered to offer consumers these wonderful values. In August this year, … [Read more...] about Mondelez Kinh Do Vietnam launches new logo