Gdp growth

Green growth strategy receives helping hand Clean energy is one of the focal points that the international community is encouraging Vietnam to implement in its National Green Growth Strategy for the 2021-2030 period, with a vision to 2050, and representatives of embassies and international organisations at the consultative conference organised by the Ministry of Planning and Investment (MPI) last week discussed opinions for this strategy. Emphasing the importance of clean energy in the green growth process, British Ambassador to Vietnam Gareth Ward said, “This consultation is useful because Vietnam will be recovering faster from the pandemic than most countries and there’s a lot of supply chain relocation into Vietnam happening, which also means a lot of opportunities to do things differently. So, we very much welcome the national green growth strategy.” Energy is a sector requiring great attention as it is also the major source of greenhouse gas (GHG) emissions. “Vietnam has a very large potential in wind and solar, and the country could be much quicker in establishing a stable supply in time. I think there should be a particular focus in the strategy on attracting public investment into the grid’s resilience for renewable energy,” Ward said. “Some international investors have expressed their interest to invest in the green energy sector,” he added. “So, green finance is a sector that Vietnam can develop with green bonds and investment funds, while simultaneously setting standards that will change the calculations of the banking system,” he added. Ambassador of Spain to Vietnam María del Pilar Méndez Jiménez said, “I would encourage Vietnam very much to develop green energy because we are aware of how important energy, solar wind and water are. There are also Spanish companies that are willing to cooperate with Vietnam in this regard.” The Politburo’s Resolution No.55-NQ/TW dated October 2, 2020 on the orientation of Vietnam’s National Energy …

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Robust growth trends projected for investment in healthcare. Source: freepik.com Kim Dental, Vietnam’s largest private dental care platform, has recently raised $24 million in a series B round. The investment was led by ABC World Asia, a private equity fund dedicated to investing across Asia, seeded by Temasek. Proceeds from the round, which saw the participation from existing backer Aura Private Equity, will support Kim Dental in expanding the delivery of affordable and reliable oral health services across Vietnam. Kim Dental owns and operates a fast-growing network of 19 dental clinics across four cities. The clinics provide dental check-ups and treatments as well as more advanced orthodontics, prosthodontics, oral surgery, and implants. Kim Dental employs 120 dentists and dental surgeons, as well as over 600 clinical and operational staff serving over 23,000 patients per month. Kim Dental also operates a dental laboratory to support its clinic network with in-house production of crowns, dentures, and bridges. Huynh Minh Viet, CFO of Kim Dental said, “With this successful round, we’re now well-positioned to expand our delivery of international quality dental care to the fast-growing communities across the country, thus improving community access and helping to elevate the standards of oral healthcare in Vietnam, so that we achieve more positive overall healthcare outcomes in our country.” Meanwhile, SK Group is said to be mulling over an investment in Vietnam’s largest pharmacy retail chain, Pharmacity, with an expected value of up to $90 million, according to Dealstreetasia. Phamarcity is Vietnam’s largest pharmacy retailer with approximately 500 drugstores. The company has a plan to open its 1,000th store this year. If the deal is concluded, it would make up SK Group’s second investment in Vietnam’s pharmacy and healthcare market. Last May, SK Investment III, a subsidiary of South Korea’s third-largest conglomerate SK Group, received 12.32 million …

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However, this region is showing signs of neglect and decline in recent times. In a talk with Saigon Investment, Dr. NGUYEN DINH CUNG, former Director of the Central Institute for Economic Management, shared his view on this issue. JOURNALIST: - Sir, there are many opinions that the Southern Economic Region is facing many bottlenecks, which are limiting its ability to accelerate in growth, such as a deteriorating infrastructure, overload of urban transport, and increasing environmental pollution. What is your opinion on this state of decline and related issues? Dr. NGUYEN DINH CUNG: - First of all, in terms of a region, frankly speaking, it is just an accumulation of neighboring localities, with no significant links. All regional activities are just superficial. The localities have no motivation, and no need to coordinate and connect into becoming a strong economic zone. One obvious reason is that the same socio-economic indicators are applied to all localities. Thus, local governments have to compete with each other to attract investments, to take care of their home province first, so they have no need to connect with the neighboring provinces. For example, connecting Ho Chi Minh City with Vung Tau is a number one priority for these two provinces, but may not be the number one priority for Dong Nai province. Likewise, connecting Tay Ninh with Ho Chi Minh City may be the number one priority of Tay Ninh, but Ho Chi Minh City has many other concerns that need to be addressed first. In brief, Ho Chi Minh City and other provinces in the Southern Economic Region have not yet created organic links to become a unified entity. They have not created links with other regions and localities as well, so it is not possible to take advantage of regional relations to create a development momentum for the whole region. For example, Ho Chi Minh City is next to two major industrial and manufacturing centers, Binh Duong and Dong Nai, but the leading service industry of Ho …

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