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/ December 11, 2020

Vietnam – UK free trade agreement takes new step for bilateral ties

The Hanoitimes - A trade deal in place will help ensure continuity in trade relations between the UK and Vietnam after Brexit’s transitional period ends on December 31, 2020. Vietnam and the UK today [December 11] officially concluded the negotiation process for the UK – Vietnam Free Trade Agreement (UKVFTA). Overview of the signing ceremony. Source: MoIT. The agreed minutes on the conclusion of the free trade agreement negotiation were signed by Vietnam’s Minister of Industry and Trade Tran Tuan Anh and the UK International Trade Secretary Liz Truss in Hanoi. “The agreed minutes signed today is a first major step towards the signing of the UKVFTA in the coming time,” stated Mr. Anh. The Vietnam minister said both sides started the negotiation process for the deal since August 2018. As the UK is set to leave the EU-Vietnam Free Trade Agreement (EVFTA) after the Brexit’s transitional period ends on December 31, 2020, a new FTA between Vietnam and the UK will help ensure the continuity in bilateral trade relations. On her part, UK International Trade Secretary Liz Truss said the UKVFTA is a milestone for the country to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which remains a priority for the UK government next year. The fact that most of the clauses stipulated in the UKVFTA are similar to those in the EVFTA, significantly shortening the negotiation process for the two sides. Mr. Anh suggested with the UKVFTA, Vietnam will hold advantages compared to regional countries such as China, India, Thailand, or Malaysia, those do not have a similar deal in place with the UK. Vietnam is set to have more opportunities in attracting investment capital, technology transfer, and tourists from the UK once the Covid-19 is rolled back, while the deal presages positive outlook for the Vietnam – UK relations on the occasion of 10 th anniversary of the establishment of strategic partnership. …

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/ March 1, 2021

New momentum for private investment in healthcare

A surgery conducted at the Vinmec Times City General Hospital, a private hospital in Hanoi (Photo: VNA) Hanoi (VNA) - Private investment is forecast to keep flowing into the healthcare sector in the time ahead with the appearance of many new drivers, according to the Dau tu (Vietnam Investment Review) newspaper. Nipro Pharma Vietnam , invested in by the Nipro Pharma Corporation - one of Japan’s leading pharmaceutical companies - is completing necessary procedures to add 270 million USD to its investment in a factory at the Saigon Hi-Tech Park in Ho Chi Minh City. According to the Japan External Trade Organisation ( JETRO ), a large number of Japanese businesses are seeking the chance to tap into Vietnam’s healthcare market given its substantial potential. The sector has attracted new investment inflows recently, especially last year, with a number of new projects from both domestic and foreign companies. In late 2020, a group of investors led by the Singaporean Government’s GIC sovereign wealth fund poured more than 203 million USD into Vingroup’s VMC, which develops and operates the Vinmec hospital system. VinaCapital’s Vietnam Opportunity Fund, meanwhile, invested 26.7 million USD in the Thu Cuc International General Hospital, while the UK’s Real Capital London debuted the Hong Anh (UK Vietnam) Medical Campus in HCM City, worth about 156 million USD. Many projects funded by domestic investors were also licensed or became operational last year, such as the TV.Pharm Hi-tech Pharmaceutical Complex, Van Phuc - Sai Gon Hospital, and Hoan My Western Hospital. Such moves show that hospital investment is increasingly attractive to investors due to growing middle class demand for high-quality healthcare, the newspaper said. Meanwhile, multinational pharmaceutical groups such as Novartis, Roche, Sanofi, GSK, and AstraZeneca are promoting “social business” via new programmes. In late January, AstraZeneca worked with the Ministry of …

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/ February 1, 2021

Hanoi confirms four more Covid-19 infections, turns on high alert

The Hanoitimes - The Hanoi Party Committee has urged the people and authorities of Hanoi to strengthen measures to prevent the Covid-19 pandemic in the capital city. The Health Ministry confirmed four more Covid-19 cases in Hanoi on February 1, while the Covid-19 threat advisory was elevated. The latest patients are two women residing in Nam Tu Liem and Cau Giay districts of Hanoi and a couple living in Me Linh district. All of them got infected with the new coronavirus after having contact with people who were later confirmed Covid-19 infections in the northern province of Hai Duong, the biggest cluster of Covid-19 in Vietnam with 188 cases confirmed since Covid-19. The new patients have raised Hanoi's caseload of the Covid-19 resurgence to 19 and 242 nationwide. Hanoi turns on high alert on Covid-19 prevention. Photo: Kinhtedothi.vn The Hanoi Party Committee has urged the people and authorities of Hanoi to strengthen measures to prevent the Covid-19 pandemic in the capital city. The whole city must review and tighten the anti-epidemic measures, especially in medical establishments, schools, industrial parks, factories, and areas of public gatherings. Relevant agencies were urged to review procedures related to concentrated quarantine, as all citizens returning from abroad must be quarantined for two weeks and could only leave the facilities if they test negative for Covid-19 twice. People are urged to further comply with Covid-19 prevention regulations and conduct precautionary measures of quick testing, contact tracing, masking up in public places, and washing hands. The city’s agencies have to continue disseminating the "5K" message of the Ministry of Health since, they said, the good observance of the 5K is a "steel shield" to protect people from the Covid-19 pandemic. 5K means " Khau trang " (face mask) - " Khu khuan " (disinfection) - " Khoang cach " (distance) - " Khong tu tap " (no gatherings) - " Khai bao …

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