Foreign groups

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

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

Nguyen Thi Thu Hien, 34 and her friends had their tickets from Singapore to Jeju Island canceled on August 9 because they did not have visas. The island, however, has a visa exemption policy for tourists. Hien, from Hanoi, said she'd already visited Jeju back in 2018 under the visa exemption policy and wasn't aware that it had changed when she booked the tickets for her and her friends to fly there from Singapore. "When we got to the Changi Airport for check-in procedures, an employee told us to discuss the issue with the airline. A representative of Scoot Airlines said Vietnamese, Thai, Mongolians and people from certain other countries would no longer be able to enter Jeju Island under the visa exemption policy. The airline said it would refund our tickets," Hien said. Vu Quoc Hung, 31, who had booked tickets with 11 other Vietnamese to fly from Ho Chi Minh City to Jeju on August 11 via Singapore, had the same experience. Hung's group reached the Changi Airport and did some … [Read more...] about Airline cancels Vietnamese tourists’ tickets to South Korea’s Jeju Island

Vietnam competed in the qualifying round of the tank biathlon category within the framework of the International Army Games 2022 in Moskva, Russia on Saturday, the Vietnam News Agency reported. This year’s tank biathlon event attracts the participation of 61 crews of 21 teams, divided into two groups. The first group consists of teams from Azerbaijan, Belarus, Venezuela, Vietnam, Kazakhstan, Russia, Kyrgyzstan, China, Uzbekistan, and Mongolia, while the second is comprised of Abkhazia, Armenia, Zimbabwe, Iran, Laos, Mali, Myanmar, Syria, Sudan, Tajikistan, and South Ossetia. Teams in Group 1 will compete in the qualifying round to select the top eight to enter the semi-final round and then the best four for the final round. Meanwhile, those in Group 2 will only join a round-robin format. Crew No.1 of the Vietnamese tank team completed their task on Saturday, destroying four targets out of five and finishing the race after 34 minutes 53 seconds. Meanwhile, crews from … [Read more...] about Vietnam’s tank team competes in International Army Games in Russia

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

NextTech Chairman and BOXME Director General shake hands at the signing ceremony. — Photo courtesy of NextTech NextTech Group and Ngan Luong Intermediate Payment Gateway JSC have invested over VND150 billion (US$6.4 million) in BOXME to expand its operations in Viet Nam. NextTech is a multi-platform ecosystem operating in e-commerce, fintech, logistics and education with annual online tractions of $5 billion whereas Ngan Luong is a popular online payment gateway with 35 million transactions carried out daily. BOXME is a pioneer in e-commerce logistics that owns three giant centres of 12,000sq.m each in the country. It offers fulfillment services to e-commerce platforms with a capacity to process 50,000 orders per day. Given the pandemic has caused a boom in e-commerce, the investment is expected to help BOXME scale up to meet the mounting demand for e-logistics and become the leading e-logistics firm in Southeast Asia. "During two years of the pandemic, we had to run at full … [Read more...] about NextTech and Ngan Luong fund BOXME to expand its operations

During a meeting with the German official on August 11, Ambassador Minh highlighted the fruitful development of the friendship between Vietnam and Saxony state in recent years, expressing the gratitude to the government of Saxony state for promoting the friendship and cooperation between Vietnam and Germany in general and Saxony in particular. The diplomat suggested the state government considers promoting the signing of a Memorandum of Understanding (MoU) between the Vietnamese Ministry of Labor, Invalids and Social Affairs and the state’s Ministry of Economic Affairs, thus creating a favorable framework for recruiting more Vietnamese skilled workers for German enterprises. For his part, Kretschmer said the collaboration between Saxony and Vietnam has been developing positively in recent years, adding that the Vietnamese community here has made important contribution to the cultural diversity of the state. As President of the association of public universities in Saxony, … [Read more...] about Vietnam beefs up ties with Germany’s Saxony state

MUSIC & PERFORMANCES Hanoi-Makers Market Aug 19 – 21, 3 pm – 8 pm Centre for Art & Culture 22 Hang Buom 22 Hang Buom Street From the organizer: Supported in the framework of Hanoi Rethink project, Makers Market – Arts and Crafts Fair will be a space where young craft makers, designers, and printmakers from all over the country gather, introduce and promote their products in an immensely cultural and artistic space. This is certainly not only a great opportunity for the young community in Hanoi to access a wude range of creative products from across the country, but also a time for creative youth to get together to network for potential new creations and collaborations in the future. HCM City, Nha Trang City -Indian cultural festival A cultural event called “Namaste Vietnam Festival 2022”, ______________________________________________________________ EXHIBITION Hanoi-Artshow “Downtown in Reverie” … [Read more...] about What’s on August 15-21/2022