At the 2023 Australian Investment Forum in Ho Chi Minh City last week, deputy director Vu Van Chung of the Foreign Investment Department under the Ministry of Planning and Investment noted that Vietnamese businesses are now well-equipped to venture into major economies, no longer limiting their focus solely to countries of similar economic stature. One-on-one meetings with representatives from Australian states and territories were held within the Forum. Photo: Australian Embassy in Vietnam “Traditionally, we’ve collaborated with nations matching our development level, management capabilities, and potential,” Chung said. “However, in the past five years, investments from Vietnamese firms have witnessed unprecedented growth in both quality and quantity.” With its burgeoning economic development, Vietnam offers myriad collaboration and international integration opportunities. “Currently, we have approximately 850,000 enterprises, with ambitions to expand this figure … [Read more...] about Australian presence apparent in quality and quantity
Music improves sleep quality in students
Legendary music group Westlife to wow Vietnamese audiences in November
According to the group's official fanpage, tickets for this concert will be on sale from September 26. The music night will take place at Thong Nhat Stadium - with a capacity of about 15,000 spectators. The four members - Mark, Kian, Shane and Nicky - are expected to perform hits such as Uptown Girl, Seasons in the Sun, Flying Without Wings, No One's Gonna Sleep Tonight and many other famous songs. Westlife's The Wild Dreams Tour kicked off in 2020, but had to be postponed for two years due to the epidemic, and some members had health problems. The group has performed more than 60 shows in Asia and Europe. Among them, the show in Dublin (Ireland) - the group's hometown - on July 8-9 attracted more than 87,000 spectators. The concert in London (U.K.) on August 2 also had 70,000 participants. In 2011, the group came to Vietnam for the first time as part of the Westlife Gravity Tour at My Dinh Stadium, Hanoi. Westlife was especially popular in the 1990s and 2000s. For many … [Read more...] about Legendary music group Westlife to wow Vietnamese audiences in November
Innovative medicine sales top the list for multinationals
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
District in Phu Tho province taps into hot springs to boost tourism
Tourists experience the 5-star service at Wyndham Thanh Thuy Mineral Hot Spring Resort in Thanh Thuy district. (Photo: wyndhamthanhthuyresort.net) Phu Tho (VNA) – Boasting hot springs and unique historical and cultural relics , Thanh Thuy district in the northern midland province of Phu Tho is striving to turn tourism into one of its spearhead economic sectors, raising income for local residents. The district has poured capital into upgrading roads that link local key tourism sites with inter-provincial routes to facilitate traveling and attract investment into tourism projects. Thanh Thuy has lured more than 7 trillion VND (286 million USD) into the tourism sector since 2020. Thus, the infrastructure system serving tourism has been gradually improved. High-quality tourism products are being developed, along with building brands for the district’s tourism products. Vuon Vua Resort & Villas, a popular destination in Thanh Thuy district (Photo: … [Read more...] about District in Phu Tho province taps into hot springs to boost tourism
Long An’s Tan An city reforms administrative procedures
At the municipal Public Administration Centre (Photo: baolongan.vn) Long An (VNA) – With a commitment to placing people and businesses at the centre to improve service quality, Tan An city in the Mekong Delta province of Long An is continuing its efforts to build a professional, modern, dynamic and responsible administrative system. administrative system , and meeting the needs of citizens. This step-by-step approach aims to modernise the State administrative system. Deputy Director of the municipal Public Administration Centre Vo Van Thang (third from right) receives the certificate of merit from the Chairman of the provincial People's Committee (Photo: baolongan.vn) Additionally, the city is exploring new and effective models to facilitate convenient and speedy interactions and document handling for citizens, ensuring their satisfaction with the motto of "discipline, responsibility and efficiency." The city will also continue with the development of … [Read more...] about Long An’s Tan An city reforms administrative procedures
Giants lead green packaging future
Giants lead green packaging future, illustration photo/ Source: freepik.com About 450 businesses from more than 30 countries and territories will gather for the 16th edition of ProPak in Ho Chi Minh City in November to establish a panorama of equipment and new technology in future food processing and packaging. The exhibition will offer a dynamic business platform that is shaping the future of the processing and packaging industries, particularly in an industry closely impacting the environment like packaging. Food packaging currently accounts for 30-50 per cent of the total packaging industry space, according to statistics from the Ministry of Industry and Trade, leading to a strong symbiotic relationship between the two fields of food and packaging. According to German data provider Statista, the packaging sector has been growing on-year with an average rate of 15-20 per cent, in parallel with the average increase of about 10 per cent of the food and beverages market over … [Read more...] about Giants lead green packaging future
Prime Minister calls on U.S. semiconductor firms to invest more in Vietnam
The event, part of his trip to attend the high-level week of the 78th United Nations General Assembly and bilateral activities in the U.S., was also attended by U.S. Ambassador to Vietnam Marc Knapper and President and CEO of the U.S.’s Semiconductor Industry Association (SIA) John Neuffer. The U.S. businesspeople spoke highly of the potential of the semiconductor industry in Vietnam, which boasts high-quality human resources and increasingly improved capacity of local enterprises and training establishments. They held that the two countries’ cooperation potential in this industry is substantial and highly meaningful for bilateral relations in the new period. Participants discussed investment opportunities in Vietnam and proposed cooperation measures for developing a semiconductor ecosystem in the country, with the U.S. being a strategic partner of leading importance. In the long term, they said, U.S. firms can consider the possibility of building chip factories in Vietnam. PM … [Read more...] about Prime Minister calls on U.S. semiconductor firms to invest more in Vietnam
Int’l conference discusses Vietnam – Laos – Cambodia cooperation in digital economy
The event was co-organized by the Vietnam Academy of Social Sciences (VASS), Lao Academy of Social and Economic Sciences (LASES), and Royal Academy of Cambodia (RAC). Addressing the conference, VASS President Dr. Phan Chi Hieu said the promotion of the digital economy is considered one of the key tasks to accelerate the restructuring of an economy, associated with innovation in the growth model and the improvement of growth quality, aiming to help a nation escape the middle-income trap and move towards the goal of becoming a developed industrialized country. The trend comes with opportunities and challenges for nations involved, including Vietnam, Laos, and Cambodia, in their development and expansion of investment and commercial collaboration, he noted. LASES President Dr. Sonethanou Thammavong said the conference boasts an important theme, reflecting the countries’ readiness to build their digital-transformation-oriented socio-economic infrastructure. Laos' digital … [Read more...] about Int’l conference discusses Vietnam – Laos – Cambodia cooperation in digital economy
Vietnam-US semiconductor cooperation significant to bilateral relations
In the long term, US businesses and corporations may explore the feasibility of setting up semiconductor chip manufacturing facilities in Vietnam. The semiconductor industry offers great opportunities for cooperation between Vietnam and the US, carrying substantial implications for the bilateral relations in the new development phase . Overview of the meeting. Photos: Nhat Bac/VGP This view was shared at a meeting between Prime Minister Pham Minh Chinh and CEO of the Semiconductor Industry Association (SIA) John Neuffer, along with executives from US leading firms in the semiconductor industry on September 19 in Washington . Nguyen Chi Dung, Minister of Planning and Investment, said the meeting marks the next phase in the implementation of collaborative initiatives between US semiconductor organizations and businesses, joining forces with Vietnamese partners to create opportunities for market expansion and enhance Vietnam's capabilities in the … [Read more...] about Vietnam-US semiconductor cooperation significant to bilateral relations
Myriad of incentives made in order to tempt office tenants
Myriad of incentives made in order to tempt office tenants, illustration photo/ Source: freepik.com Hoai Nam, founder of media startup 4-Star, based in Ho Chi Minh City with less than 10 employees, last month received a notice of incentives for services such as extra meeting room hours, and more printing and photocopying credits at his co-company’s working space in District 4. Each month, Nam pays VND3 million ($125) per person excluding taxes and fees for his work location in District 4. The rate was reduced by 25 per cent two years ago. “With the same space, it cost $333 per person in District 1, and I could not afford it. Everyone is cutting costs as it is such a difficult time,” Nam said. In addition to reducing rates, Nam said her landlord was improving facilities and service incentives, so that tenants could extend their contract for a longer term. For example, more greenery is being arranged between desks, and free parking is now offered. Knight Frank Vietnam in … [Read more...] about Myriad of incentives made in order to tempt office tenants