Visitors at the 20th International Medical, Hospital & Pharmaceutical Exhibition that opened on Thursday in HCM City. — VNA/VNS Photo The Vietnamese medical devices market, which is growing annually at more than 18 per cent, relies heavily on imports, representing significant opportunities for foreign businesses, according to the HCM City Medical Equipment Association. The market is now worth US$1.5 billion, up from US$1.1 billion in 2017, Hua Phu Doan, deputy chairman of the association, said. Domestic medical devices manufacturers make mostly basic stuff and meet only 10 per cent of demand while the remaining 90 per cent is imported, he told a meeting held recently in HCM City. The number of foreign manufacturers in Viet Nam remains modest due to the lack of development of supporting industries and the absence of an industrial cluster in this sector, he said. Foreign investment in the production of medical devices is vital to reduce reliance on imports and facilitate … [Read more...] about Viet Nam seeks foreign investment in medical devices production
Castlereagh foreign minister
Vietnam stock market remains attractive to foreign investors
Illustration. (Photo: doanhnghiephoinhap.vn) Hanoi (VNA) – Foreign investors net purchased 14.8 million stocks, worth some 80 billion VND (3,42 million USD) during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) has risen for the fifth week straight on the back of oil, steel and electricity securities , after hitting a bottom of around 1,140 points in early July. It ended the week at 1,262.33 points, 9.59 points higher than the previous week, gradually approaching the next resistance zone of 1260–1285 points. On the Hanoi Stock Exchange (HNX), the HNX-Index picked up 3.52 points to settle at 303.42 points on August 12. UPCoM-Index also inched up 1.52 points to 92.84 points./. VNA … [Read more...] about Vietnam stock market remains attractive to foreign investors
PM thanks Russian scientists for preservation of President Ho’s embalmed body
Russian experts have joined the preservation of President Ho Chi Minh’s body for over 50 years since he passed away in 1969. Vietnam’s Prime Minister Pham Minh Chinh today met a delegation of Russian scientists to whom he extended thanks for their support in keeping the embalmed body of Vietnamese President Ho Chi Minh unharmed. Vietnam's Prime Minister Pham Minh Chinh meets academician Sidelnikov Nikolai Ivanovich, All-Russian Scientific Research Institute of Medicinal and Aromatic Plants (VILAR), in Hanoi on August 14. Photo: VGP Chinh showed his appreciation when meeting scientists of the All-Russian Scientific Research Institute of Medicinal and Aromatic Plants (VILAR) led by academician Sidelnikov Nikolai Ivanovich. He expressed his sincere thanks to the VILAR’s assistance to the Government of Vietnam in performing an important political task, which is the long-term preservation and absolute safety of President Ho Chi Minh’s body. The Russian … [Read more...] about PM thanks Russian scientists for preservation of President Ho’s embalmed body
FDI flows into Malaysia top 188 billion USD in Q2
Kuala Lumpur capital of Malaysia (Illustrative photo: themalaysianreserve) Kuala Lumpur (VNA) – Malaysia recorded 836.2 billion RM (over 188.1 billion USD) in foreign direct investment (FDI) at the end of the second quarter, up 24.1 billion RM from Q1, according to the Department of Statistics Malaysia. The manufacturing sector remained the largest recipient with a value of 360 billion RM or 43.1%, followed by financial activities 189.8 billion RM (22.7%) and wholesale and retail trade 53 billion RM (6.3%). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the FDI sources were largely from Asia, which amounted to 431.1 billion RM or 51.6%, mainly from Singapore and Hong Kong (China), followed by Europe and the Americas. Singapore was still the biggest source of FDI, with an accumulated 174.1 billion RM (20.8%), followed by Hong Kong with 91.1 billion RM (10.9%), the United States 90 billion RM (10.8%) and Japan 84.2 billion RM (10.3%). Meanwhile, … [Read more...] about FDI flows into Malaysia top 188 billion USD in Q2
First Vietnamese victim in Manchester fire identified through fingerprint
Local authorities seal off the scene of the Manchester fire . (Photo: VNA) London (VNA) - Partial human remains recovered from Bismark House Mill in the UK have been identified, through fingerprint analysis, as Nguyen Van Uoc, according to the Vietnamese Embassy in the UK, citing an announcement on August 12 by Greater Manchester Police (GMP). Uoc was one of four Vietnamese nationals who were reported missing to the police earlier and may have been inside the mill during a fire on May 7, 2022. The three others are Chu Van Cuong, Nguyen Van Duong, and Le Thanh Nam. Police are waiting for more DNA test results to identify further victims. The 31-year-old maintained regular contact with his wife until the date of the fire, at which time he said he was in a mill. Teams have been searching the remnants of the mill since demolition workers discovered human remains on Saturday, July 23, 2022. Detective Superintendent Lewis Hughes, GMP’s Victim Identification lead, said: … [Read more...] about First Vietnamese victim in Manchester fire identified through fingerprint
Vietnam to have national marine spatial plan by 2030
Deputy Minister of Natural Resources and Environment Le Minh Ngan underpinned the importance of the national marine spatial master plan, saying its objectives are to properly delineate and zone off sea spaces for different sectors based on the incorporation of planning of sea-based industries; and to orient the use of sea spaces and address overlaps and conflicts in exploiting marine spaces. Drafting the master plan is a challenging and complex task, given that it has never been done before in Vietnam, Ngan noted, adding that utilizing existing data and information, it will zone off the marine spaces based on natural ecosystems to provide a connecting space for socio-economic development, enhance land-to-sea connectivity and protect national security-defence and international cooperation. The Ministry of Natural Resources and Environment (MoNRE) has sent the draft plan to a number of Party Central Committee's commissions, ministries and authorities of 28 coastal cities and … [Read more...] about Vietnam to have national marine spatial plan by 2030
Northern Vietnamese provinces seek approval for construction of airports
Authorities in Lai Chau and Son La Provinces, northern Vietnam are seeking the prime minister's approval for the construction of airports there. In a document sent to PM Pham Minh Chinh, the Lai Chau People’s Committee mentioned its plan to build Lai Chau Airport, which is designed to cover 167 hectares and have the capacity of 500,000 passengers per year, in Tan Uyen Town during the 2022-30 period. The administration stressed that the project plays an important role in promoting the province's socio-economic development as well as contributes to ensuring national defense and security in border areas. The province has carried out necessary land use planning and site clearance to attract the interest of investors in the project. Some investors are mulling over implementing the project under the public-private partnership (PPP) model. PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project … [Read more...] about Northern Vietnamese provinces seek approval for construction of airports
Live-fire test for weapons on armored vehicles
PANO – The Ministry of National Defence on May 23rd tested ugraded weapons on armored vehicles, reviewed and approved them, at the K3 firing ground of Military Zone 9, with the presence of Senior Lieutenant General Truong Quang Khanh, Deputy Minister of National Defence. Senior Lieutenant General Truong Quang Khanh inspects an upgraded weapon on the armored vehicle With careful preparations, participating units fulfilled all set targets with full safety. General Khanh applauded the units and said that the above results would pave the way for producing weapons and military equipment in the coming time for training and combat readiness, contributing to promoting combined strength of the army. Earlier, the general had inspected the Can Tho city Military Command. At the working session, he asked the unit to strengthen troops’ political stance, effectively manage and use weapons and equipment. Translated by Pham Huy … [Read more...] about Live-fire test for weapons on armored vehicles
Preparation for opening ceremony of Army Games 2022 in Vietnam sped up
At the event, General Nghia heard opinions of the forces directly involved in the opening and closing ceremonies and proposals made by functional agencies. He lauded artists, troops, and other relevant forces for their great efforts during the practice for the important ceremonies. The deputy chief of the General Staff emphasized that the Vietnamese Ministry of National Defense’s hosting of the “Emergency Area” event of the Army Games 2022 is of practical significance and a highlight in the defense diplomacy. It contributes to enhancing exchanges, boosting friendly cooperation between Vietnamese military and their foreign peers. He asked functional agencies and units to double check the work, ensure solemn protocols at the ceremonies and the spread of nice images of Vietnam, its culture, traditions, people and military among international friends. He also urged involved forces to make the most of time to practice to ensure the success of the ceremonies. This is the second … [Read more...] about Preparation for opening ceremony of Army Games 2022 in Vietnam sped up
Cambodia arrests over 9,100 drug suspects in seven months
Phnom Penh (VNA) – Cambodia has seen a significant rise in both drug arrests and seizures during the first seven months of 2022, the Anti-Drug Police Department (ADP) reported on August 13. Cambodia n authorities apprehended 9,151 drug related suspects during the January-July period this year, up 16% from 7,876 in the same period last year, it said, adding that about 3.27 tonnes of illicit drugs had been seized, up almost 240% from 963 kg. The seized drugs included heroin, ecstasy, cocaine, crystal methamphetamine, methamphetamine pills, cathinone and ketamine, among others. Additionally, about 201 tonnes of drug ingredients, 17 pistols, 31 rifles and many vehicles and devices had been confiscated from the suspects. Cambodian Prime Minister Samdech Techo Hun Sen has called for concerted efforts to combat illegal drugs, saying that fighting against illicit drugs is a priority. The Southeast Asian nation has no death sentence for drug traffickers. Under its law, anyone … [Read more...] about Cambodia arrests over 9,100 drug suspects in seven months