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Top Thai Brands 2018 paves the way for Thai companies

May 11, 2018 by www.vir.com.vn

top thai brands 2018 paves the way for thai companies
Top Thai Brands 2018 attracted 210 Thai firms to explore business opportuntities in Vietnam

The four-day event features a great variety of quality Thai products and services and is expected to attract more visitors, including distributors and consumers alike. The expo also aims to create a business platform for both Thai and Vietnamese enterprises to expand their networks and develop partnerships.

Typical products from Thailand include home appliances, automobile and motorcycle parts and components, food and beverage, health and well-being, cosmetics, as well as pet related products. It also covers service sectors, including education, tourism, franchise, and restaurant.

Ureerat Ratanaprukse, the Thai consul general in Ho Chi Minh City, said, “After the Prime Minister of Vietnam’s official visit to Thailand in August last year, bilateral relations between Thailand and Vietnam have gained significant momentum, especially in the economic aspect.”

“Two-way trade volume reached $15 billion, with $9.3 billion of registered capital. This reflects the confidence of the Thai private sector in Vietnam’s vibrant economy,” she added.

Building upon our robust economic cooperation, Top Thai Brands further accentuates the global trend where “branding” holds added-value to the products and also widens opportunities for small- and medium-sized enterprises to grow.

The event not only creates business opportunities for the Thai private sector but also provides access for Vietnamese parties to top quality Thai products at reasonable prices, thus contributing to mutual benefits and partnerships between Thai and Vietnamese entrepreneurs.

Top Thai Brands 2018 is taking place from May 10 to 15 at Saigon Exhibition and Convention Centre in District 7. The exhibition is being organised by the Thai Trade Centre in Ho Chi Minh City in collaboration with Vietnam National Trade Fair & Advertising Company.

By Thanh Van

Filed Under: Corporate exhibition, Thailand, cosmetics, home appliances, automotive industry, import, export, ..., paved way, top muay thai brands, best muay thai brands, thai brand clothing, thai brand fashion, best muay thai brand, branding 2018, sustainable brands 2018, thai movie 2018, thai drama 2018, thai holidays 2018, brands 2018

Healthcare focus for Brit investors through UVFTA

April 14, 2021 by www.vir.com.vn

1539 p12 healthcare focus for brit investors through uvfta
Representatives of Vietnam and the UK hand over notes confirming the date when the UKVFTA comes into force. Photo: VNA

Emily Hamblin, UK consul general in Ho Chi Minh City and trade director for Vietnam, said that May 1 is the next milestone to celebrate in the United Kingdom and Vietnam’s timeline of implementing the free trade deal (UVFTA), when the agreement will legally enter into force.

However, the benefits of it have already been in place for several months, being provisionally applied from January 1. Some 65 per cent of all tariffs have already been eliminated and this will increase to 99 per cent over the next six years. This equates to tariff savings of $134.65 million per year on Vietnamese exports to the UK by full implementation, and of $42.52 million per year on UK exports to Vietnam.

Among them, there are huge cooperation opportunities in the field of healthcare. Hamblin said that in an age of growing challenges from non-communicable diseases, and emerging threats from infectious diseases such as COVID-19, digital health has the potential to offer new solutions and alleviate pressure on overstretched health systems. Digital health technology can empower patients to actively participate in their care, improve clinical outcomes, and enhance operational efficiency.

Innovation and technology have touched many aspects of life in Vietnam and healthcare is no exception. In a concerted effort to embrace Industry 4.0, the Vietnamese government has committed to a national agenda that seeks to harness the potential of digital solutions across the healthcare system. This has set a solid foundation for digital transformation in Vietnam, and the UK shares many of the same aspirations.

“We seek to utilise digital innovation to expand equitable access to quality care, in line with United Nations Sustainable Development Goal 3 on good health and wellbeing. At the early stage of digital transformation, Vietnam has plenty of opportunities to avail of innovative solutions from the UK,” Hamblin stressed.

Meanwhile, Nitin Kapoor, chairman and general director of AstraZeneca Vietnam, said, “As AstraZeneca continually strives to put patients first, we appreciate the UVFTA that is helping to ensure continued access to our innovative and high-quality medicines for millions of Vietnamese patients.

British pharmaceuticals like AstraZeneca can enjoy the increased protection and enforcement of intellectual property rights, internationalised standards and technical regulations, and enhanced transparency of policies on government procurement and reimbursement, which in turn will allow us to better serve local patients.”

Kapoor stressed that the UVFTA entering into force is especially meaningful when the UK and Vietnam are looking forward to another decade of bilateral strategic partnership, cooperating ever more closely in numerous areas, including healthcare, to strengthen the livelihoods and economic prosperity of the people.

Indeed, a number of UK healthcare investors have started to set up their presence in Vietnam. Last year London-based Real Capital London launched a $156 million Hong Anh Medical Campus project in Ho Chi Minh City. The facility will be a state-of-the-art healthcare system incorporating a 462-bed hospital, a medical training centre, a network of general practice clinics and pharmacies, and senior residencies and nursing homes, adding much needed facilities and services to Vietnam’s healthcare system.

The project is divided into four stages, with the final phase expected to be completed by 2030. The fund’s vision is to build a state-of-the-art medical campus under British standards, offering the highest standards of healthcare in Vietnam

As of present, British investors have poured $3.87 billion across over 400 projects in Vietnam and is the 15th-largest foreign investor in the country. Established British actors already here include financial services companies like HSBC, Standard Chartered Bank, and Prudential; Jardines in real estate; and healthcare companies such as AstraZeneca, GSK, and Reckitt.

In the past decade, Vietnam and the UK already enjoyed a strong growth cycle – with bilateral trade growing on average 12 per cent per year. The UVFTA is built upon that strong basis and is opening the doors to increase capital flow between the two nations, according to Hamblin.

She stressed that the UVFTA provides better market access for services, as Vietnam has committed to opening up markets beyond that set out within the World Trade Organization’s baseline, which delivers greater market access for UK service providers. These and other measures set out in the FTA represent real benefits for both businesses and consumers.

In the same vein, Kenneth Atkinson, executive chairman of Grant Thornton Vietnam and a board member of Britcham Vietnam, said that the UVFTA is one of the first signed and entered into by the UK, after leaving the European Union last year. The agreement reflects the importance both the UK and Vietnamese government place on the strategic partnership and the growing importance of the bilateral relationship.

Atkinson expected that a reduction in regulatory barriers and red tape will attract UK investors to Vietnam, particularly in the healthcare space.

By Thanh Van

Filed Under: Uncategorized Healthcare, UVFTA, UK-Vietnam Free Trade Agreement, British healthcare investors, ..., riady scion steadies lippo with focus on property healthcare, focus on healthcare

Billionaire Pham Nhat Vuong plans billion-dollar IPO in the US

April 14, 2021 by vietnamnet.vn

Vingroup’s billionaire Pham Nhat Vuong is taking an unexpected step entering the world’s largest electric car market.

Tỷ phú Phạm Nhật Vượng tính thương vụ tỷ USD ngay trên đất Mỹ

Vingroup’s billionaire Pham Nhat Vuong

Bloomberg has cited a source as saying that Vingroup Group (VIC) of billionaire Pham Nhat Vuong is considering an initial public offering (IPO) in the US for its VinFast auto company, which is expected to mobilize about $2-3 billion.

VinFast expects a valuation of at least $50 billion or even up to $70-75 billion. With this valuation, the capitalization of VinFast will surpass the famous car maker Ferrari (capitalization at $52 billion), Honda ($51 billion), Ford ($49 billion), Kia ($30 billion) … and only behind some famous brands such as Tesla, Toyota, Volkswagen, Mercedes Benz, GM, BMW and others.

This is an unexpected move, but it is in line with his aim of conquering the top market in the world.

The information was released when Vuong’s VinFast company began receiving the first orders for electric cars in Vietnam last month and had models shown on CNN, paving its way into the US market.

VinFast has also registered two electric car models in the US and will sell a number of models in Vietnam, the US, Canada and Europe from late 2021.

In the trading session on April 12, Vingroup shares (VIC) – VinFast’s parent company – increased by 5.7% to VND132,000/share, helping the group’s capitalization reach more than $19 billion to be the largest capitalized enterprise in Vietnam’s stock market.

During the morning session of April 13, Vingroup shares continued to rise by more than 4 percent, to nearly VND138,000 per share.

As the price for VIC shares soared, Vuong’s assets rose to over $9 billion and he became the 262nd richest person in the world.

If the IPO is successful, VinFast will set a new record, surpassing the record of $1.4 billion in capital mobilization in 2018 of Vinhomes (Vingroup’s real estate management company).

At that time, VinFast was also the first Vietnamese company listed in the US.

VinFast is Vingroup’s company that manufactures motorbikes, and gasoline- and electric-powered cars. The business, only a few years old, began delivering gasoline fueled cars (using engines licensed by BMW) in 2019.

In the mobile phone segment, Vingroup has achieved many positive results, with the sale of Vsmart phones in the country increasing over the past year, even though the No. 1 private corporation in Vietnam just entered the smartphone market in 2018. Vingroup has become the 3rd largest smartphone manufacturer in Vietnam, behind only Samsung Electronics and Oppo.

On the website of the leading US carrier – AT&T – an image of the first Vingroup smartphones has appeared, a testament to the group’s plan to enter the American smartphone market.

Pham Nhat Vuong has great ambition in the field of technology and industry, with Vsmart phones, Vinfast cars and electric cars.

In recent years, Vuong’s Vingroup had to withdraw from many fields, selling the retail segment to billionaire Nguyen Dang Quang and recently presenting the Youth Football Training Center to Van Lang Education Group, even though it had many achievements in these fields.

V. Ha

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Vietnam’s leading hospital reports mass departure of staffers, doctors

April 14, 2021 by tuoitrenews.vn

Some 221 practitioners and staffers of Hanoi’s Bach Mai Hospital, one of the largest public health facilities in Vietnam, have turned in their resignation over the past year.

Discussing this issue with Tuoi Tre (Youth) newspaper, Nguyen Quang Tuan, director of Bach Mai Hospital, confirmed the mass departure.

Some are highly qualified medical workers who switched to better paying jobs, while a majority are less skilled staffers who became dissatisfied with the hospital’s decision to go fully self-funded instead of relying on state subsidies, or displeased at their job rotation at the facility, Tuan said.

Pressure from the COVID-19 workload is also a possible reason for the mass departure, added Do Van Thanh, head of human resources at Bach Mai Hospital.

While 221 had departed, the facility has also recruited 506 new practitioners and officers, many of whom hold senior medical titles.

“Our hospital is striving for a change in service quality,” Thanh stated.

“Pressures of changes might be the reason for many staffers to leave.”

The Ministry of Health, the immediate managing body of Bach Mai Hospital, demanded a full list of resigned staffers along with an explanation from the hospital management after being informed of the situation in February.

“The hospital is responsible for the administration and usage of human resources in their facility,” a Ministry of Health official stated.

In a responding report submitted on March 22, the hospital leaders cited the reduced benefit package, which stems from the poor revenue that the institution reported during the pandemic, as the reason for the mass resignation.

Bach Mai Hospital also requested the Ministry of Health to raise the price ceiling for medical services to improve its returns, which will help uplift the income of personnel.

The report also mentioned tempting job offers from private hospitals that target highly-skilled practitioners in public facilities, which may cause a ‘brain drain’ from the public sector.

Bach Mai is a central-level hospital in Hanoi under the management of the Ministry of Health.

It receives some 6,000-7,000 visiting patients per day, with an outstanding reputation for many of its departments, including emergency, poison control, rehabilitation, cardiovascular medicine, cancer treatment, and orthopedics.

The hospital faced multiple mishaps in 2020, as it was placed on lockdown for over one month due to a coronavirus outbreak in the facility, plus two of its former executives were detained over allegations of inflating prices of medical equipment .

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Thu Duc City, four districts to have water supply cut for pipeline repair

April 14, 2021 by english.thesaigontimes.vn

Thu Duc City, four districts to have water supply cut for pipeline repair

The Saigon Times

Two workers are seen inside the Thu Duc 3 Water Plant – PHOTO: VNA

HCMC – Saigon Water Corporation (Sawaco) will cut the water supply in some areas of Thu Duc City and four districts in HCMC between Saturday evening and Sunday evening to repair the D1500 Binh Thai-Binh Loi water pipeline.

According to Sawaco general director Tran Quang Minh, the maintenance will take place on the section of Sawaco’s water supply network located some 200 meters from Nguyen Van Ba Street in Truong Tho Ward, Thu Duc City. The maintenance will force the Thu Duc 3 Water Plant to stop pumping water into the network.

From 9 p.m. on Saturday, April 17, until 9 p.m. the following day, Sawaco will cut the water supply in the wards of Hiep Binh Chanh, Hiep Binh Phuoc, Linh Dong, Linh Tay, Tam Binh, Tam Phu and Binh Chieu in Thu Duc City and the wards 11, 12, 13 and 28 in Binh Thanh District. Thanh Loc Ward in District 12, Ward 1 in Go Vap District and Ward 2 in Tan Binh District will also be affected by the water supply cut.

The water supply cut will affect dozens of thousands of households in these areas. Minh said households in some areas may experience low-pressure water shortly after the water supply is resumed.

Built at a cost of more than VND1.27 trillion, the Thu Duc 3 Water Plant is capable of treating 300,000 cubic meters of water from the Dong Nai River a day to provide clean water for the city.

This is the second time in one month that Sawaco has had to cut the water supply in some areas of HCMC to repair the D1500 Binh Thai-Binh Loi water pipeline.

Filed Under: Uncategorized SaiGon Times Daily, SaiGon Times tieng anh, thời báo kinh tế sài gòn, báo kinh tế việt nam bằng tiếng anh, tin kinh te, kinh te viet..., water jet cutting services, water jet cutting service, gas pipeline repair, sprinkler system water supply, fire sprinkler system water supply, water supply companies uk, aquafina water supply in hyderabad, underground water supply, fluoride in water supply, water supply in africa, nestle water supply, bottled water supply companies

Vietnam’s shrimp exports expected to face fierce competition in next 3-5 years

April 14, 2021 by english.thesaigontimes.vn

Vietnam’s shrimp exports expected to face fierce competition in next 3-5 years

By Trung Chanh

Workers process shrimp for export. Vietnam could face tough competition over shrimp exports from rivals such as Ecuador, India and Indonesia in the next three to five years – PHOTO: VNA

CAN THO – Vietnam will face tough competition over shrimp exports from rivals such as Ecuador, India and Indonesia in the next three to five years if the shrimp farming and processing technology is not improved.

Speaking at the opening ceremony of the VietShrimp Aquaculture International Fair on April 14 in Can Tho City, Le Van Quang, chairman of Minh Phu Seafood Corporation, often referred to as “the shrimp king”, said that over the past few years, despite modern technology applied to shrimp farming, the prices of Vietnamese shrimp had remained uncompetitive compared with those in Ecuador, India and Indonesia. The export price of Vietnam’s shrimp is 30% higher than that of the three countries.

Quang said that though Vietnam’s shrimp price was higher than that of these countries, Vietnam’s shrimp exports could compete with them, driven by modern shrimp processing technology.

However, the advantage of the technology might gradually fade as Ecuador, India and Indonesia are also improving their technology and can produce value-added products and instant food just like Vietnam.

As such, in the next three to five years, these countries will catch up with Vietnam in terms of the shrimp industry.

Besides, the salary of workers active in the shrimp sector in India is one third of that in Vietnam, resulting in the lower price of its shrimp.

If Vietnam does not improve its technology and adopt new solutions and access methods, the country’s shrimp sector will face fierce competition in the next few years, said Quang.

Nguyen Viet Thang, chairman of the Vietnam Fisheries Society, said that shrimp was the main export product among Vietnam’s seafood, with export revenue reaching US$3.8 billion last year. The shrimp sector has significantly contributed to the growth of Vietnam’s agriculture industry and created jobs for millions of workers in Vietnam, mainly in the Mekong Delta region.

In 2021, the shrimp sector targets to farm shrimp on an area of 740,000 hectares, obtain a shrimp yield of 930,000 tons and fetch a revenue of US$4 billion from shrimp exports, Thang said at the fair, which is set to wrap up on April 16.

Filed Under: Uncategorized SaiGon Times Daily, SaiGon Times tieng anh, thời báo kinh tế sài gòn, báo kinh tế việt nam bằng tiếng anh, tin kinh te, kinh te viet..., best face serum for 30 year old, export growth in india year wise, baby face competition, life expectancy over the years, life expectancy by year born, life expectancy by year usa, average life expectancy by birth year

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