The National Institute for Control of Vaccines and Biologicals (NICVB), the National Institute of Hygiene and Epidemiology (NIHE), and Zuellig Pharma on April 10 officially announced a project to expand access to vaccines in Vietnam through the use of the eZCooler – an innovative packaging technology that ensures the integrity of temperature sensitive products to the last mile of transportation. John Davison, CEO of Zuellig Pharma, speaking at the meeting The $600,000 project aims to support the Vietnam Expanded Programme on Immunisation (EPI), initiated by the Ministry of Health (MoH) in 1981 with the support of the World Health Organization (WHO) and the United Nations Children's Fund (UNICEF). The nation’s public health programme has since benefitted millions of women and children. Ensuring the highest standards of cold chain for vaccines will further contribute to the success of the EPI. Under the recently-signed agreement, Zuellig Pharma will contribute the … [Read more...] about Innovative eZCooler technology helps expand access to vaccines in Vietnam
Expand internal storage
Vietnamese businesses are among the world’s most optimistic about international trade pacts and prospects and they are also among the most confident when it comes to succeeding in the current environment, according to HSBC’s latest report. HSBC’s latest report entitled ‘Navigator: Now, next and how for business,’ which polled over 8,500 businesses across 34 markets, finds that the majority of Vietnamese respondents are positive about the partnerships established with key trading partners, with 69 per cent believing that ASEAN membership will help their business in the next three years. Similarly, 65 per cent of Vietnamese firms believe the forthcoming European Union-Vietnam Free Trade Agreement will have a positive impact on their business in the near future. The two sides agreed on a final text for the trade agreement earlier in June. Vietnamese businesses are also looking beyond these agreements for growth. Over a quarter of businesses are eyeing … [Read more...] about HSBC: Local businesses cash in on international trade
(VEN) - A number of foreign direct investment (FDI) projects with total registered capital of billions of US dollars were licensed in late May and early June, resulting in an FDI surge in the first half of 2018 compared with the same period last year. Economists forecast 2018 FDI in Vietnam will exceed US$35.88 billion - the result achieved in 2017. 1,366 new projects Data from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) show that in the first half of 2018, Vietnam attracted 1,366 new FDI projects with total registered capital of US$11.8 billion, equivalent to 99.7 percent of the sum in the same period last year. In addition, 507 projects registered to increase their capital by a total of US$4.43 billion, equivalent to 86.2 percent of the amount in the first half of 2017. Also in the first six months of this year, capital contributions and stock purchases by foreign investors totaled US$4.1 billion, a rise of 82.4 percent compared with the … [Read more...] about Foreign investment surges in first six months
Vietnam’s policy on tightening car import regulations under Decree 116 may be the main reason behind foreign car makers' decision to expand production in Vietnam. The Toyota automotive plant in Vinh Phuc province. Source: toyotavinhphuc.info Most recently, Toyota Vietnam proposed the Vinh Phuc People’s Committee to rent 9.1ha of land in Phuc Yen city to expand its automobile manufacturing plant, raising its annual capacity from the current 50,000 to 90,000 units by 2023. Accordingly, the total capital for this expansion is about $40 million. Toyota’s move is supposed to be the result of Decree No.116/2017/ND-CP, which introduced many strict conditions and regulations about importing cars, which came into effect early this year. Not only Toyota, but Ford and Hyundai are also planning to expand production scale in Vietnam due to the decree. According to the Vietnamese government, Decree 116 aims to boost the development of the country’s automobile … [Read more...] about Decree 116 moves foreign car makers to expand production in Vietnam?
Cargill opens its 80,000-tonne warehouse for grains and oilseed at the Saigon International Terminals Vietnam (SITV) port in Ba Ria-Vung Tau Province on April 10. — VNS Photo Cargill on April 10 opened an 80,000 metric tonne warehouse for grains and oilseed at the Saigon International Terminals Vietnam (SITV) port in Phu My town, Ba Ria-Vung Tau Province, to meet the growing demand for grains primarily from the food and animal feed sectors. Equipped with world-class equipment, the US$10 million facility meets safety, security and quality requirements and enables customers to receive agricultural products faster, more efficiently and more cost effectively, the company said. This is Cargill’s such facility in the south. It has another 50,000-tonne facility at Cai Lan Port in the northern province of Quang Ninh. “Viet Nam is a key market for Cargill and this new storage facility strengthens our ability to supply high-quality feed grains and animal feed products to our … [Read more...] about Cargill opens 1st storage facility in south for grains, oilseed