Insurance

Non-communicable diseases are still on the rise in Vietnam, and thus more choice and more modern answers are required, Photo: Le Toan Pfizer plans to bring numerous innovative medicines to Vietnam over the next four years. This is in line with its global strategy, as the company has made significant progress towards launching 19 new products over an 18-month span, having executed 11 launches so far. According to Pfizer, the company continues to build momentum, recently attaining key milestones for several products, including the US launches of Prevnar 20 in paediatric patients; as well as US approvals and launches of several other key medicines Darrell Oh, country manager of Pfizer Vietnam, told VIR, “Pfizer Vietnam will continue focusing our business where we believe we can have the greatest impact on patients and society – pursuing what we believe to be the most innovative biopharmaceutical therapies and vaccines.” “More than ever, we believe that the innovative industry … [Read more...] about Innovative medicine sales top the list for multinationals

The agriculture sector in Binh Dinh Province, located in south-central Vietnam, proposed the recovery of four hectares of coral reefs in Quy Nhon Bay during a working session with the United Nations Development Program on Tuesday. The coral reef restoration is part of the 'Smart Coastal Communities Adapting to Climate Change in Vietnam' project in Binh Dinh, director of the provincial Department of Agriculture and Rural Development Tran Van Phuc said. In the framework of the project, the province will form a marine reserve in Quy Nhon Bay and recover four hectares of coral reefs in the bay, belonging to Nhon Ly, Nhon Hai, and Nhon Chau Communes as well as Ghenh Rang Ward in Quy Nhon City, Binh Dinh. The Binh Dinh Department of Agriculture and Rural Development surveyed the marine environment in Quy Nhon Bay and planned to recover the coral reefs there to regenerate the marine ecosystem and environment while serving tourism, Phuc added. A splendid coral reef in Nhon … [Read more...] about Vietnam’s Binh Dinh seeks to recover 4ha of coral reefs

The one-day forum featured one opening and two thematic sessions, and one plenary session - high-level dialogue. In his closing speech, National Assembly Chairman Vuong Dinh Hue said in terms of internal capacity and motivations of the economy, delegates opined that it is essential to develop the production sectors of the economy, including agriculture, industry and services; speed up the disbursement of public investment, stimulate consumption demand, develop the domestic market and improve labor productivity. He said they called for synchronous measures to tackle difficulties, restructure various markets, develop and tightly regulate currency, stock, insurance, corporate bond and real estate markets. It is also essential to promote goods distribution via digital platforms and e-commerce, and stimulate domestic tourism demand as well. According to experts, if 95% of the public investment plan for 2023 is disbursed, additional 2 percentage points to the GDP growth in 2023 will … [Read more...] about Vietnam Socio-Economic Forum 2023 wraps up

Benefit consultants from Mercer, Aon and Willis Towers Watson see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies. A survey conducted by Mercer, a unit of Marsh McLennan, found over two thirds of employers either do not plan to shift any cost increase to their staff or will pass on less than the expected rise in 2024. "They don't want to add more financial stress on employees who are also coping with inflation, especially in this time where they're really relying on their health benefits as a way to keep employees working for them," said Beth Umland, Mercer's director of health & benefits research. U.S. consumer prices accelerated 3.7% in the 12 months through August, down from a peak of 9.1% in June last year. However, medical cost increases usually lag general inflation as contracts between insurers and hospitals for the prices of procedures are … [Read more...] about US employers to see biggest healthcare cost jump in a decade in 2024

Check out the latest events in Vietnam. Vietnam Friendship Medal bestowed on Franco-Vietnamese vaccine specialist Prime Minister Pham Minh Chinh presents the medal to Aurélia Nguyen in New York on Sept 20 (local time). Photo: Nhat Bac/VGP Prime Minister Pham Minh Chinh on September 20 (local time) presented the Vietnam Friendship Medal to high-ranking global vaccine expert Aurélia Nguyen in New York for her efforts and contribution to Vietnam's success in fighting the Covid-19 pandemic. The Franco-Vietnamese vaccine expert is the Chief Program Officer at Gavi, the Vaccine Alliance. Aurélia was one of the key people who helped Vietnam receive 70 million vaccine doses from the Covid-19 Vaccines Global Access (COVAX) initiative. COVAX had pledged some 38.9 million doses to Vietnam. Ho Chi Minh City commemorates Vietnam-Japan diplomatic relations A ceremony was held in Ho Chi Minh City on September 20 to celebrate the 50th anniversary of … [Read more...] about Vietnam news in brief – September 21

Customers at a BaoViet Bank's office in Hà Nội. — VNA/VNS Photo Allowing banks access to Việt Nam's population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent fraud and identity theft, according to the State Bank of Vietnam's (SBV) Deputy Governor Phạm Tiến Dũng. The central bank has already given the green light to commercial banks to roll out remote account opening using e-KYC, short for Electronic Know Your Customer, making many traditional banking services such as making deposits, loans and payments available digitally. "Customer authentication and security are among the sector's most important priorities. Having access to the national database will allow credit institutes to verify and assess customers' credit rating, speeding up the lending process," he said. Lê Hoàng Chính Quang, deputy director of the SBV's IT Department, said the Ministry of Public Security (MPS) has … [Read more...] about Population database key to improving banking security