On increasing demand

A river in Thailand. Illustrative photo (Photo: The Straits Times) Bangkok​ (VNA) – Thailand’s economy saw an increase in external demand but domestic demand was not “sufficiently strong”, according to a minutes of the Bank of Thailand (BoT)’s latest policy meeting. The minutes show that some members of the country’s Monetary Policy Committee (MPC) felt economic growth was still “at the initial stage” and facing structural changes, the minutes said. Household debt remained an issue, particularly for low-income earners while expansion in private consumption needs to be closely monitored after the Thai government’s 2018 supplementary budget is spent. The MPC viewed that it is still necessary to adopt an accommodative monetary policy stance to foster stronger domestic demand. Public investment would remain a key growth driver and was expected to resume growth, the minutes added. The BoT forecast that Thailand’s … [Read more...] about Thailand: Domestic demand not strong enough

Generally, participants said that improving patient care has become a priority for all health care providers with the overall objective of achieving a high degree of patient satisfaction to lure foreign patients, Vietnamese living abroad and local high earners. The quality of patient care is essentially determined by the quality of infrastructure, quality of training, competence of personnel and efficiency of operational systems. 38 year old S.Sokunthea woman from Cambodia has been taken to City International Hospital in Vietnam’s Ho Chi Minh City in critical condition. The woman had undergone C-section City International Hospital in Cambodia and she haemorrhaged after the birth. Accordingly, Cambodian surgeons had to cut her womb to stop bleeding but they failed. The woman fell in unconscious and had breathing problem. After receiving two- week treatment in Vietnam’s City International Hospital, she recovered. Cho Ray, Medical University center, Gia An 115, and Tumor … [Read more...] about Project to lure foreign patients in Vietnamese hospitals

Property Apartment supplies to drop by 25% The Saigon Times Daily Saturday,  Dec 14, 2019,14:55 (GMT+7) Apartment supplies to drop by 25%The Saigon Times Daily A new residential area in HCMC’s District 2. Apartment supplies in HCMC and Hanoi are estimated to fall this year - PHOTO: VNA HCMC – The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn. At the Vietnam Real Estate Summit 2019 (VRES 2019), held on December 12, Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said the property market will face multiple challenges next year due to tighter control being applied to new projects and the increase in risk coeficient for real estate loans. The demand for real estate products remains high, but the market has witnessed a decline since the previous quarter, Anh added. In … [Read more...] about Apartment supplies to drop by 25%

The Government ordered the State Bank of Vietnam to continue to run a proactive, flexible and prudent monetary policy to create favorable conditions and meet credit demand for manufacturing and business activities; the Ministry of Industry and Trade to focus on instructing and resolving difficulties and entanglements in industrial manufacturing development. Provinces are ordered to have solutions to prepare supply of essential goods for people, especially people in remote and rural areas, border and island regions and areas affected by natural disasters and floods in order to ensure no increase in prices of food and foodstuffs. The Ministry of Agriculture and Rural Development is instructed to collaborate with the Ministry of Industry and Trade to have solutions to stabilize the price of pork at year’s end, not to let a shortage of pork happen, causing hikes in prices. The Government also asked the Ministry of Labor, Invalids and Social Affairs to do well social welfare policy … [Read more...] about PM instructs preparation for upcoming festive season

  The AHK publicises a report on German firms worldwide (Photo: VietnamPlus)   Hanoi (VNA) – Compared to other regional countries, Vietnam has received special attention from German businesses and become a magnet for investment in the medium term. The AHK World Business Outlook (AHK WBO) was conducted by the Association of German Chambers of Commerce and Industry (AHK), with the participation of German entrepreneurs in Vietnam. It showed that Vietnam is a top investment destination for German businesses with high expectations of economic development in the medium term. German enterprises are optimistic about their businesses as well as the prospects for growth in the next year, despite the instability of the global economy due to trade tension, the outlook said. [Germany helps improve Vietnam’s SMEs via innovation programme] Representatives of as many as 77 percent of German businesses in Vietnam said their business is better this year, much higher than the … [Read more...] about Vietnam remains attractive investment destination for German firms