Investment opportunities in vietnam

Nation faces severe blood shortage during pandemic The Central Institute of Hematology and Blood Transfusion (CIHBT) has announced it is facing a severe shortage of blood which is enough for use only in the next few days without further supplies. Blood storage now stands at only over 4,000 blood units, according to the CIHBT. Due to the COVID-19 pandemic, the CIHBT had to cancel or postpone 80 blood donation drives in November with an expected reception of 25,000 units. When social distancing measures were eased and the nation started to implement the policy of safe and flexible adaptation to and effective control of COVID-19, the number of blood donations improved. However, after the number of new COVID-19 cases has increased recently in many localities, blood donations started to decline. Director of the CIHBT Bạch Quốc Khánh said the appearance of new cases in localities forced blood donation campaigns to be postponed or cancelled. The CIHBT receives just 300-400 blood …

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Agriculture has always been a pioneer in the Doi Moi (renovation) process, contributing significantly to achievements in poverty reduction and food security in Vietnam. In the time of globalization and integration, Vietnam aims to develop agriculture on a green, low-emissions foundation to contribute to realizing its commitment to carbon neutrality by 2050. This vision will help the agriculture sector reduce costs, use less inputs and resources, and create multi-value integration, thereby affirming Vietnam’s position as a powerhouse of ecological and carbon neutral agriculture and a food supplier of “Transparency - Accountability – Sustainability”. Agricultural support Vietnam exports more than 6 million tons of rice every year. The early years of the 21st century marked a turning point for the food system in Vietnam. As one of the poorest countries in the world in the late 1980s to early 1990s with 60% of the population living below the poverty line, …

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Chairman of the Binh Duong People’s Committee Vo Van Minh speaks at the event. (Photo: VNA) Binh Duong (VNA) – Binh Duong has been doing all it can to provide all the best conditions for b us inesses to resume production and maintain supply chains, Chairman of the southern province’s People’s Committee Vo Van Minh told an investment promotion conference with the US on December 2 night. Held via video teleconference, the event brought together officials and major corporations from both Vietnam and the US. The event happened at the time when the fourth COVID-19 wave has been wreaking havoc in many southern industrial hubs in Vietnam, like Binh Duong . In his opening remarks, Minh said Vietnam and the US have now become trusted partners that boast a comprehensive partnership in all areas 25 years after they established diplomatic ties in 1995. Vietnam is the US’s 10th biggest trade partner and a major importer of goods from the US, he said. The US ranks 11th out …

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Artificial intelligence (AI) is now at the center of the technology world. Many countries around the world have largely invested in AI and Vietnam is no exception. Tri Nhan - A robot developed by Vietnamese experts. (Photo: Trong Dat) Technological powers have long built their own AI development strategies, taking this technology as the core to accelerate economic development. Professor Nguyen Thanh Thuy (University of Technology – Vietnam National University) - Vice President of the National Program on Science and Technology 4.0, said the global artificial intelligence market will reach about 15.7 trillion USD by 2030. Of which, China is expected to account for 7 trillion USD, equivalent to 45% of this market. North America will make up about $3.7 trillion, half that of China, followed by Nordic countries, and developed countries in Asia, Southern Europe and South America. In Vietnam, according to experts at a recent workshop entitled "Artificial …

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The freight train from Vietnam to Europe is operating very well after putting into operation for more than four months, according to Tran The Hung, General Director of Rail Transport and Trade Joint Stock Company (Ratraco). The train runs between Yen Vien Railway Station in Hanoi and the Belgian city of Liege, where the goods are unloaded and sent by trucks to the final destination, the Dutch city of Rotterdam. A trip takes about 30-35 days. The railway industry has so far operated 28 trains with more than 640 forty-foot containers. Currently, the company runs three trips per week on average and plans to increase to 4-5 trips next year. The trains carry such goods as machinery, office equipment, electronics, furniture and textiles. Hung said that the cost of shipping containers by sea has increased remarkably, creating an opportunity for the railway industry to increase its market share. However, due to limited infrastructure and transportation capacity, it takes time for the …

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Vietnam Design Week to nurture creativity from traditional culture With the theme "Awakening Tradition", from November 27 to December 3, Vietnam Design Week 2021 will take place at the Van Mieu-Quoc Tu Giam (Temple of Literature Complex) relic site located in Dong Da district, Hanoi. Tea pressed into cakes, printed with "Khue Van Cac" (Literature Pavilion) image, a souvenir product designed on the basis of traditional culture dedicated to the Van Mieu-Quoc Tu Giam relic site. This event is organised by the Vietnam National Institute of Culture and Arts Studies under the Ministry of Culture, Sports and Tourism and partners. Design is an activity that involves many areas of life. Currently, serveral countries in the world have been considered as "creative design countries", when design elements are promoted to apply within their economic and social development. Therefore, Vietnam Design Week aims to encourage a change in design thinking, considering traditional values as an …

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President Nguyen Xuan Phuc meets embassy's staff in Russia President Nguyen Xuan Phuc met the staff of the Vietnamese Embassy and representative agencies in Moscow, Russia, on November 30. The President said that he had just had very successful talks with Russian President Vladimir Putin. The two leaders discussed 20 issues related to cooperation between the two countries, upon which they reached high consensus, he said, adding that the Russian President supported many issues raised by Vietnam. The two leaders agreed to issue a joint vision statement on the Vietnam-Russia comprehensive strategic partnership until 2030. While appreciating the preparations for the visit made by the Ministry of Foreign Affairs and relevant agencies, and especially the staff of the Vietnamese Embassy in Russia, the President asked the agencies to perform well the tasks assigned by the Party and the State as well as to nurture the good relationship between the two countries. He also underlined …

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He made the remarks on December 2 at a meeting with representatives of the Russia - Vietnam Friendship Association and the Association of Russian Veterans in Vietnam within the framework of his official visit to the Russia. Appreciating the results of the associations' work, the State leader said that their activities have contributed to the success of the Vietnam - Russia and Russia - Vietnam Year launched in 2019, helping to educate the young generation about the traditional friendship and special affection between the two peoples. He hoped that in the coming time when the COVID-19 pandemic is under control, experts and veterans will have the opportunity to visit Vietnam and continue to cultivate the friendship between the two countries. He said he hopes that the Russia - Vietnam Friendship Association will continue to support the Vietnamese community in Russia to study and live stably, better integrate into Russian society, and contribute more to strengthening the friendship and …

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Held via video teleconference, the event brought together officials and major corporations from both Vietnam and the U.S.. The event happened at the time when the fourth COVID-19 wave has been wreaking havoc in many Southern industrial hubs like Binh Duong. In his opening remarks, Minh said Vietnam and the U.S. have now become trusted partners that boast a comprehensive partnership in all areas 25 years after they established diplomatic ties in 1995. Vietnam is the U.S.’s 10th biggest trade partner and a major importer of goods from the U.S., he said. The U.S. ranks 11th out of 141 foreign investors in Vietnam for operating 1,135 FDI projects, worth over 10 billion USD in total, he noted, adding that in Binh Duong alone, the U.S. has injected more than 911 million USD in 128 projects. Given that Binh Duong has shifted to “safely, flexibly adapting to and effectively containing the pandemic,” the province is doing its best to be a good companion of businesses and facilitate the …

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VPBank is one of the leading banks in Việt Nam. — Photo courtesy of the bank HÀ NỘI — Global credit rating firm Moody’s Investors Services has upgraded Việt Nam Prosperity Bank (VPBank)’s foreign currency deposits from B1 to Ba3 which is equal to the country’s rating with positive outlook. Moody's BCA ratings reflect the independent intrinsic strength of the issuer. This credit rating is assessed based on the macro-environment, financial profile and qualitative assessment factors. In addition to upgrading the BCA rating, Moody's also upgraded VPBank’s long-term local and foreign currency deposit ratings, rising to Ba3. VPBank's credit rating was announced after the bank completed the sale of a 49 per cent stake at its VPBank Finance Company Limited (FE Credit) to SMBC Consumer Finance Co Ltd (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group, Inc (SMBC Group) at the end of October. Moody's assessed that the capital sale brought about a significant …

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