A consumer confidence index for the Asia-Pacific region calculated by the US Company MasterCard, said Vietnam is the most optimistic among the 14 markets surveyed. However, the poll also showed that Vietnamese consumers are less optimistic for the six-month period ahead (January to June 2009) when compared to the previous six months. The index covers Vietnam, mainland China, Hong Kong, Taiwan, the Republic of Korea, Indonesia, Malaysia, the Philippines, Thailand, India, Singapore, Australia, Japan and New Zealand. The survey was conducted from September 1 to 29, 2008 and involved 6,019 consumers across key Asia-Pacific markets. Released twice a year, the index measures consumer confidence on prevailing expectations in the market. A score of "Zero" is considered the most pessimistic level, 100 as the most optimistic and 50, the neutral. Out of the four markets found to be "optimistic", Vietnam has come out on top of China, India and Singapore. Moreover, Vietnam, whose overall score is … [Read more...] about Vietnam rates best in region for consumer confidence levels
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PARALLEL TRADE OF PATENTED PHARMACEUTICALS: A DISCUSSION FROM DEVELOPING COUNTRY PERSPECTIVE Dr. Nguyen Nhu Quynh Deputy Chief Inspector Ministry of Science and Technology Abstract: Although the legitimacy of parallel trade was established in the Trade-Related Intellectual Property Rights Agreement 1994 (TRIPS Agreement) and re-affirmed in the Doha Declaration on TRIPS Agreement and Public Health 2001 (Doha Declaration), parallel trade in patented pharmaceuticals has so far been one of the most heatedly debated topics. Multi-national pharmaceutical companies complain that parallel trade of patented pharmaceuticals denies them adequate protection of their patent rights and prevents them from recouping the costs of pharmaceutical development including research and development (R&D), regulatory approval and amortization of the cost of unsuccessful drug development. In contrast, the developing (and least developed) countries, suffering from the … [Read more...] about PARALLEL TRADE OF PATENTED PHARMACEUTICALS: A DISCUSSION FROM DEVELOPING COUNTRY PERSPECTIVE
Vietnam bags nine medals at Asian karate champs Vietnamese athletes won 1 gold, 2 silver and 6 bronze medals, finishing sixth in the Asian Junior Karate Championships which was closed in Malaysia on August 10. The only gold medal went to Nguyen Thi Viet Trinh who defeated Japanese rival Kikuchi Mizuki 3-0 in the women's 59kg kumite. Two silver medals were awarded by Nguyen Thi Phuong (in the women's kata singles) and Tran Pham Viet Thong (in the men's under 63kg kumite). Hoang Hai Yen and Nguyen Thien Phuc were outperformed in semi-finals in the women's under 53kg kumite and men's under 55kg kumite, carrying off two bronze medals. … [Read more...] about Sports News 11/8
Sustainable Strategy Reported by Hong Phuc Achieving growth of almost 50 times after 20 years in Vietnam (1994-2014) to become a leader in the Vietnamese market is “only the beginning of a friendship,” said Sanjeev Chadha, chief executive officer of Asia, Middle East and Africa of PepsiCo. “We want to be part of Vietnam for many years to come,” he said. Q: You were once responsible for the Vietnamese market. How do you feel when returning to Vietnam this time as the chief executive officer of PepsiCo Asia, Middle East and Africa? What are the differences between now and then? A: As you are aware, Vietnam is a country, which has been very close to my heart. It was under my responsibility about a decade ago, and so it is truly my great privilege to be here on the memorable occasion of the 20th anniversary of Pepsi-Cola in Vietnam, and to celebrate the success that Suntory PepsiCo Vietnam Beverage has already enjoyed in its short existence. I first got to know … [Read more...] about Sustainable Strategy
Analysts fear foreign companies could twist policymakers' arms to ensure their profits get priority over people's interest Factory workers change shifts at the Thang Long Industrial Park outside of Hanoi. Foreign executives have said Vietnam's minimum wage hikes and new restrictions on overtime are their major concerns. But consumer advocacy nonprofit groups dismiss such claims, saying foreign companies will always argue that more protections for workers, families, or the environment unfairly harm them and threaten to push them to locate investment elsewhere. PHOTO: BLOOMBERG To shore up the sagging confidence of foreign investors, Prime Minister Nguyen Tan Dung has pledged to forge ahead with overhauling Vietnam's business climate. Dung's message came at a recent trade fair in China that brought together regional leaders and foreign investors. At an investment conference in Ho Chi Minh City on August 29, investment officials had also promised to apprise the government about all … [Read more...] about Will threat to pull out of Vietnam give more power to corporate lobby?