Update

Marketing authorisations (MAs) have been a pressing issue among multinationals and the Vietnamese government and the Ministry of Health (MoH) has made a number of actions to deal with it. What is the current situation? Tran Ngoc Anh, representative of the US-ASEAN Business Council Member companies of the US-ASEAN Business Council highly valued the issuance of Resolution No.12/2021/UBTVQH15 at the end of 2021, which enabled the continued use of MAs scheduled to expire before the end of 2022. The MoH then issued a list of about 10,000 drugs with MAs expired in 2021 and extended until the end of 2022, thus creating favourable conditions for the drugs to continue their imports into Vietnam and ensuring supply for hospitals to meet examination and treatment demands. Until now, all the issues related to MA for the drugs in 2022 have been dealt with. However, starting from January 2023, these 10,000 drugs and around 8,000 others will then expire. We are very concerned about … [Read more...] about The legal adaption measures expected from pharma groups

An advertisement for corporate bonds. (Photo: baodautu.vn) Hanoi (VNA) - After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds. On an annual basis, the market increased 21.1% to 97.4 billion USD. The information was released in a recent report by the Asian Development Bank (ADB). The country's Government bonds contracted 2% as the outstanding stock of central bank bills fell 70.3% from the previous quarter. Outstanding government bonds reached 67.3 billion USD. Expansion of corporate bonds moderated to 4.1% from the previous quarter, putting the segment at 30.1 billion USD. The report said that aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia. Regional currencies fell against the US dollar, equities dropped, and risk premiums widened between … [Read more...] about Vietnam’s bond market contracts amid monetary tightening

Aiming to provide the LGBT community with a convenient place to seek healthcare without discrimination, Borderless Healthcare Group (BHG) unveiled the cloud-based platform Borderless.lgbt this week. The launch ceremony, held in Ho Chi Minh City on Tuesday, attracted public attention as the platform is perhaps the latest in some of the rarest online platforms that cater to the health of the LGBT community in Ho Chi Minh City and Vietnam. Borderless.lgbt is an LGBT-centric health and wellness platform that anyone can access from anywhere to get more information. Dr. Wayne Ho, a Vietnamese-American doctor, senior medical advisor, and co-founder of the Borderless.lgbt platform, delivered the keynote speech, addressing the importance and potential goals of establishing such a health website. Dr. Ho quoted Vietnam's strategic resolution on gender equality, which assures that homosexuality is not a disease and therefore does not need to be treated or cured. He pointed out what … [Read more...] about Launch of LGBT online health platform in Vietnam

Permanent Deputy Prime Minister Pham Binh Minh (R) and RoK Ambassador Oh Young-ju cut a cake in celebration of the RoK 's National Liberation Day and 30 years of the two countries’ diplomatic ties at the ceremony on December 1. (Photo: VNA) Hanoi (VNA) – The Embassy of the Republic of Korea (RoK) in Vietnam held a ceremony on December 1 to celebrate the RoK’s 77th National Liberation Day (August 15) and the 30th anniversary of the two countries’ diplomatic ties (December 22). Addressing the event, Permanent Deputy Prime Minister Pham Binh Minh said he is impressed with the RoK’s socio-economic achievements over the past years. He said 30 years are not a long period but thanks to the resolve and efforts by generations of the two countries’ leaders and people, on the basis of cultural similarities, geographical proximity, economic complementarities, and common strategic interests, Vietnam and the RoK have become leading partners of each other. Looking towards the … [Read more...] about Ceremony marks RoK’s National Liberation Day, 30 years of Vietnam – RoK diplomatic ties

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Prime Minister Pham Minh Chinh on November 30 chaired a meeting with People’s Committees of provinces and centrally-run cities and Vietnamese embassies and representative agencies abroad on vaccine diplomacy. The event, which was held in both face-to-face and virtual forms, focused on reviewing outcomes of the work in the past and drawing lessons to push up economic diplomacy in the new situation. Read full story - National Assembly Chairman Vuong Dinh Hue has affirmed that his ongoing Australia visit aims to further deepen the strategic partnership and cooperation between the two legislatures, not only bilaterally but also at multilateral forums, towards the 50th anniversary of Vietnam-Australia diplomatic relations next year. Hue, who has been on an official visit to Australia from November 30 to December 3, made the statement during his talks with President of the  … [Read more...] about ☀️ Morning digest December 1

PM Pham Minh Chinh (R) and Chief Operating Officer of Nike, Inc., Andy Campion at the meeting in Hanoi on December 1 (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh received Chief Operating Officer of Nike, Inc., Andy Campion in Hanoi on December 1, speaking highly of the firm’s contributions to Vietnam’s exports and job creation in the recent past. The host leader noted with satisfaction the vigorous growth in Vietnam - US relations , including bilateral trade rising over 18% year on year to top 105 billion USD in the first 11 months of 2022. The US has been the largest export market of Vietnam for many years while Vietnam currently ranks ninth in the world and first in ASEAN among trading partners of the US. Many major technology firms from the North American country such as Apple, Dell, GE, Intel, and Microsoft has invested in the Southeast Asian nation, helping promote Vietnam’s role in regional and global supply chains, he went on. PM Chinh asked Nike … [Read more...] about PM applauds Nike’s contributions to Vietnamese economy