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Hanoi (VNS/VNA) - Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam. In an effort to promote trade and investment in the pharmaceutical sector, the Embassy of India, the International Investment Promotion Alliance, the Association of Foreign Invested Enterprises and the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar in Hanoi on January 21 to connect experts and enterprises from the two countries. According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40 percent of generic demand in the US and 25 percent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. Indian pharmaceutical exports, … [Read more...] about Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam

Hanoi (VNS/VNA) - The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget. The National Assembly and the Government have issued many policies to reduce taxes, fees, charges and land rents and extend payment deadlines to support amid the COVID-19 pandemic. However, the mining industry has not accessed these incentives. The General Statistics Office (GSO) reported the index of industrial production (IIP) for the first eight months of this year was estimated to surge by 2.2 percent year-on-year, while the mining industry’s IIP reduced 7 percent. According to the amended articles of the Law on Value added Tax (VAT), exported goods, which have the total value of natural resources, mineral resources and energy cost accounting for 51 percent or more of the product cost, do not enjoy reduced … [Read more...] about Mining industry unable to enjoy tax incentives

"As urbanization has advanced everywhere in Asia, regional product preferences have grown similar. The Thai market has little room for growth, but labor costs are high, so it was natural to consolidate production," Akio Ota, former president of Panasonic Appliances Vietnam, was quoted by the Nikkei as saying. … [Read more...] about Vietnam a global bright spot in electronics production

Indronil Sengupta, president of India Chamber of Commerce in Hà Nội, said: “India has a large pool of scientists and engineers with potential to steer the industry ahead to greater heights,” measuring the market size of Viet Nam, with nearly 100 million of people, had an estimated total value of $7 billion in 2019 and would be growing at 8 per cent till 2024. … [Read more...] about Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam

Pop singer and songwriter Jack of HCM City was honoured at the annual 25th Asian Television Awards (ATA) in Singapore. He won the title Best Music Award for his latest MV, Hoa Hải Đường (Malus Spectabilis), a production about love. The awards presentation ceremony was organised online on January 15-16.  Photo from the singer’s Facebook page … [Read more...] about Young pop singer wins at Asian Television Awards