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Many American semiconductor firms have highly valued the huge potential for the semiconductor industry in Vietnam, expressing their hope of opening chip production facilities in the country. The leaders of these companies were speaking during a meeting with Vietnamese Prime Minister Pham Minh Chinh on Wednesday morning (Vietnam time). Prime Minister Chinh and a high-ranking delegation of Vietnam on Tuesday morning (local time) landed in Washington, D.C., the second leg of their business trip to the United States. During the meeting, the prime minister called on U.S. semiconductor enterprises to continue their cooperation with Vietnamese partners and beef up their investment in infrastructure, technology transfer, semiconductor design and production, and human resource training. PM Chinh affirmed that the Vietnamese government and ministries are building a fair and healthy business climate for all enterprises, including those from the U.S.. Vietnamese Prime … [Read more...] about US firms see Vietnam’s great potential for semiconductor industry

The French Institute in Ho Chi Minh City has announced an exciting lineup of events under the theme 'Fashion and Design,' which will run from now until the end of 2023, as part of the commemoration of 50 years of diplomatic relations and 10 years of strategic partnership between France and Vietnam. The series of events was unveiled during a press conference held at the French Consulate General Palace on Wednesday, including special talks, exhibitions, film festivals, competitions, and performances featuring renowned figures from both the French and Vietnamese fashion worlds. Fashion and Design season kicks off French Consul General Emmanuelle Pavillon Grosser said that the previous season, titled 'Cuisine,' which ran from January to June, was a resounding success, as it offered a range of captivating events covering various aspects of French and Vietnamese culinary arts. The public had the unique opportunity to explore topics such as the history of bread, culinary … [Read more...] about French-Vietnamese fashion extravaganza marks milestones in bilateral relations

No matter how expensive it is, many Vietnamese families willingly pay for their children’s education in spite of their tight money situation. Vietnamese parents commonly seek the best education for their children while sacrificing their own needs, said Dr. Le Thi Mai Lien, head of the psychology faculty at the Ho Chi Minh City University of Social Sciences and Humanities. Cutting down on all expenditures but for children’s education As soon as her two children enter the new school year earlier this month, a 43-year-old woman named N.T.T., who resides in Phu Nhuan District, Ho Chi Minh City, had to calculate her family’s expenditure to balance their spending and saving. After the COVID-19 pandemic, T. and her husband's total income decreased by more than VND20 million (approximately US$818) per month, so they have to tighten their belt to stabilize the investment in their children’s education. Years ago when their family was still financially solvent, they would frequently … [Read more...] about In Vietnam, parents spend big on children’s education despite economic woes

The child, living in Cu Ebua commune, first began to show diphtheria symptoms on August 29, including a high temperature, a cough, a sore throat, and diarrhea. The child was subsequently taken to a private clinic but showed no signs of recovery. The Central Highlands General Hospital confirmed on September 2 the patient had tested positive for the Corynebacterium diphtheria. Approximately 200 households who had been living in affected areas were quarantined or tested for diphtheria. Local medical workers also disinfected the home of the child and nearby places of residence to ensure the bacterium strain does not spread among the wider community. At present, Dak Lak province has recorded a total of 41 diphtheria cases, including seven cases in Cu Mgar district, 17 in Krong Bong, two in Cu Kuin, five in Lak district, seven in Mdrak, and the latest case in Buon Ma Thuot City. … [Read more...] about Central Highland City records first diphtheria case

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

As the first local currency SLBs in Vietnam, they aim to help issuers expand their businesses while creating jobs, boosting competitiveness, and supporting the country’s low-carbon growth model. IFC’s investment comprises two elements, with about $100 million to be issued by BIM Land – a tourism and property developer in Vietnam – and approximately $50 million to be issued by Thanh Xuan JSC. Both the issuers are subsidiaries of BIM Group, a multi-sector corporation in Vietnam. The proceeds will be used to develop the Thanh Xuan Valley project in Vinh Phuc province, including an eco-friendly and unique residential community alongside a hotel complex (under the InterContinental brand), as well as other relevant services and infrastructure. IFC’s funding will also help the developers implement water- and energy-saving solutions at two BIM Land hotels – InterContinental and Regent – on Phu Quoc island. An innovative financing tool to support global sustainable development, these … [Read more...] about Vietnam’s first local currency sustainability-linked bonds aim to boost economy