More and more pharmaceutical companies are mulling over scrapping their FOL Photo: Dung Minh After about one year of being a foreign partner of Vietnam’s biggest publicly traded drug maker Hau Giang Pharmaceutical JSC (DHG), Taisho Pharmaceutical Holdings, one of the largest pharmaceutical firms in Japan, is preparing to launch products in the Vietnamese market. Holding around a 32-per-cent stake in DHG, Taisho will benefit from a nationwide network of 12 distribution affiliates and 24 branches to gain market share. Opportunities for the Japanese firm to extend its footprint in the lucrative local pharmaceutical market have been boosted by DHG’s decision to scrap its foreign ownership limit (FOL), making it the latest FOL removal case. According to State Capital Investment Corporation’s (SCIC) divestment plan, it will divest the state’s stake in DHG in 2018-2020. SCIC now holds a 43.31-per-cent stake in DHG. Gains or losses Although lifting the FOL is a new … [Read more...] about Pharma firms weigh up FOL removal
Seize and hold firmly
The launch of the $200-million joint venture BW Industrial, between leading global private equity firm Warburg Pincus and Vietnam’s largest industrial real estate developer Becamex IDC, a few months ago put the spotlight on the country’s real estate market as it promises to result in breakthrough developments in the local industrial and logistics property sector. Foreign developers are increasing their investments in industrial real estate projects in Vietnam to seize the huge opportunities that will come if the country sees strong manufacturing growth in the near future. “With a sizable population and an increasingly diversified economy, manufacturing and domestic consumption have become the central areas of growth for Vietnam,” said Mr. Greg Ohan, Deputy CEO of BW Industrial. “We feel that our timing is just right to tap into these growth opportunities with the goal of taking Vietnam’s industrial and logistics value chain to the … [Read more...] about Foreign investors eye industrial and logistics property
Scene at the opening ceremony of the In Style – Hong Kong (Photo: toquoc.vn) HCM City (VNA) – Vietnam and Hong Kong (China) are in the face of big opportunities to push up investment and trade cooperation, experts said at a workshop held in Ho Chi Minh City on September 20. The workshop on “Vietnam-Hong Kong cooperation for prosperity” was part of the “In Style – Hong Kong”, the largest trade, investment and lifestyle promotion event ever held in Vietnam by the Hong Kong Trade Development Council. Financial Secretary of the Hong Kong Special Administrative Region Paul Chan Mo-po said Hong Kong is China’s key gateway to the world and vice versa, while Vietnam is among economies with the most impressive growth in Asia. He said Vietnam, with its rapid infrastructure, economic and technological development, has clear growth orientations and attracted attention from foreign investors, including those from Hong Kong. The partnership … [Read more...] about Vietnam, Hong Kong hold potential for stronger cooperation
Three decades after the enactment of the Law on Foreign Investment in 1987, Vietnam has become one of the most attractive destinations of foreign direct investment (FDI) flows. As of now, FDI stands as the most dynamic development pillar with increasing contributions to national socioeconomic development. Currently, foreign-invested enterprises (FIEs) are responsible for 22-25 per cent of the total social investment capital, producing 55 per cent of the country’s total industrial production value, 70 per cent of the export value, 18 per cent of the total budget, 20 per cent of the GDP, and provides jobs to 3.7 million local workers. Industrial development FIEs have contributed to propelling the development of new industries and products, generating nearly 55 per cent of the country’s total industrial production value, helping to strengthen several major industries like petroleum, electronics, information technology, as well as cement and steel, and boost local production … [Read more...] about FDI plays a crucial role in propelling industry and trade development
Richard R. C. Shih speaking at Taiwan Excellence 2018 In the 4.0 era, how important are smart technology applications in our day-to-day lives? Are these applications suitable for use in Vietnam? We have various emerging technologies that impact our lives in different ways today. Take smart technology for example, it makes use of artificial intelligence (AI) to enable a level of cognitive awareness. The technology employs machine learning and Big Data analysis to perform functions that have traditionally been done by humans. This boosts the efficiency, productivity, and functionality of almost anything it is applied to, hence creating a smarter and more comfortable life for us. Vietnam is both qualified and motivated to take the lead in the Fourth Industrial Revolution. Smart applications can be applied in various fields in Vietnam, ranging from manufacturing and healthcare to education or home appliances. It also attracts great attention from users in Vietnam. In Vietnam, real … [Read more...] about How does technology make lives faster and easier?