Food company Meiji recently announced the establishment of Vietnam operations with a charter capital of JPY200 million (US$1.8 million) to import and sell infant formula. Vietnam has around 1.5 million births a year, 70 percent more than Japan, and the number is projected to grow, it said. Conglomerate Sojitz Corporation has tied up with Vietnam Livestock Corporation, a subsidiary of dairy giant Vinamilk, to import, process and sell beef in Vietnam. Vietnamese consume nearly 500,000 tons of beef a year, half of Japan’s, and the figure is set to rise with a growing population and increasing incomes, it said. In November retail chain Muji opened its first outlet in Ho Chi Minh City’s District 1. Pharmacy chain Matsumoto Kiyoshi opened its first outlet in HCMC in October and plans to have 10 in the next three to five years. Fashion brand Miki House opened its first store in Ho Chi Minh City last year and is preparing to open one in Hanoi. Existing retail brands are expanding. Aeon opened a mall in Hai Phong City in December, its sixth in the country, and plans to have 20 by 2025. In March fashion brand Uniqlo opened its seventh outlet in the country in HCMC. Hirai Shinji, chief representative of the Japan Trade Promotion Organization in HCMC, said in recent years there has been increasing Japanese investment in non-manufacturing sectors in Vietnam. For decades Japan has been a major investor in Vietnam, and was second only to South Korea as of last year with total investment exceeding $60 billion, and global names like Honda, Toyota, Panasonic, and Canon have factories in the country, he said. But investors’ focus seems to have changed in recent years, with the growing income of Vietnamese becoming an attraction, and many Japanese companies seeking to serve the expanding middle class in Hanoi, HCMC and other places, he said. The country’s rapid economic growth and success in containing the Covid-19 pandemic are also major factors in …
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Vaccination only protection against meningococcal disease, Japanese encephalitis: health experts
The Việt Nam Association of Preventive Medicine and Sanofi Vietnam organise a press conference to provide detailed information about Japanese encephalitis and meningococcal disease to mark World Immunization Week, April 24 – 30 and World Meningitis Day, April 24. Photo Courtesy of Sanofi Vietnam HCM CITY — Meningococcal disease and Japanese encephalitis are “nightmares” for the public and healthcare workers due to the rapid progression of the former that can causing death within 24 hours and lack of treatment for the latter, a paediatrician has said. Dr Đỗ Thiện Hải, internal medicine chief at the Center for Clinical Medicine for Children's Tropical Diseases at the Việt Nam National Children's Hospital, told a press conference in HCM City yesterday that while both diseases could infect anyone, young children are at greatest risk. Because of its rapid progression, 50 per cent of meningococcal disease patients could die without timely treatment, he warned. The fatality rate for Japanese encephalitis is 20-30 per cent, but 50 per cent of survivors are severely disabled, he said. The treatment cost more than VNĐ29 million (US$1,254) at his hospital last year, he said. The World Health Organization has warned that countries with Japanese encephalitis should maintain high vaccination rates. Hải said, “While you can wash your hands, cover your nose and mouth when coughing and vaccinate to prevent other infectious diseases such as COVID-19 and flu, sufficient and scheduled vaccination is the most effective measure against meningococcal disease and Japanese encephalitis.” The two are hazardous infectious diseases with initial symptoms often similar to that of the common flu, making it difficult to detect them early. In Việt Nam, statistically, they occur mainly due to not getting vaccinated or not getting booster shots. At the conference, delegates shared general information about the two diseases such as the causative …
Growth of Japanese consumption goods in local market among top 10 in region
Indeed, Vietnam has become the fifth largest important consumer market among countries importing Japanese goods, with an annual growth rate ranging between 15% and 17%. According to the statistics released by the Japanese Ministry of Finance, the export turnover of agro-aquatic and food products from Japan to the country reached approximately US$490 million, representing an increase of 17% compared to 2019. In response to correspondents on April 15 relating to the new business trends of Japanese enterprises operating within the Vietnamese market, Shinji said the rate of firms from the Far East nation investing in opening factories locally has dropped from 40% to 20%. He went on to reveal that there has been a shift of investment from production, manufacturing to service, and retailing sectors in order to take full advantage of the increasing purchasing power of the Vietnamese market. Indeed, this trend is closely associated with the development of e-commerce, thereby helping Japanese products to reach local consumers more easily. Due to the impact of the novel coronavirus (COVID-19) pandemic negatively affecting the cargo traffic between Japan and other countries, the JETRO launched the online platform Japan Street at the start of the year in an effort to provide support to the distribution of Japanese products within the Vietnamese market. Following this, over 500 suppliers signed up to the site with several foreign buyers from different countries, including Vietnam, being created the optimal conditions in terms of registration procedures. Furthermore, Shinji pointed out that the Japan Mall project, which is aimed at promoting international online sales of cosmetics and foods through purchase-and-sales support granted by major e-commerce sites overseas, will continue to expand commercial distribution of Japanese products into the country. Despite the investment structure undergoing significant changes, the nation has continued to play an important …
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