Vietnam investors

At some public hospitals in Vietnam, modern medical equipment, whose procurement was covered by the state budget or private firms, has been left idle, while patients are waiting for treatment. The situation will affect such patients and put them at a disadvantage if it lingers. The healthcare sector is facing difficulties as multiple healthcare officials, including the health minister , have faced criminal charges and been in detention for their wrongdoing in medical equipment procurement, suspending the purchase of medical equipment and medicines. Equipment has no fault As a case in point, two robots, named Mako and Rosa, had been used for joint and cranio-cerebral surgeries at Bach Mai Hospital in Hanoi since 2017. However, the two robots have been suspended and when they will be put to use again is unknown. These two robots are related to a price gouging case at the hospital whose former director was arrested along with many leaders and employees of the robot … [Read more...] about Modern equipment left idle at public hospitals in Vietnam

“Make in Vietnam” Digital Product Awards have created spillover effects, promoting the development of Vietnam’s IT industry. “Make in Vietnam” Digital Product Awards will return for the third consecutive year, aiming to honor excellent digital technology products with great practical value recognized in the development of e-government, digital economy and society in the country. The “Make in Vietnam” Digital Product Awards 2022 was launched on June 22 by the Ministry of Information and Communications (MIC). It is an official award of the ICT industry annually held by the MIC to recognize enterprises with digital products designed, developed and produced in Vietnam that provide solutions to pressing issues currently facing the country. The third edition of the award was launched at a press conference on June 22. Photo: Hien Minh Delivering the opening speech, MIC’s Deputy Minister Pham Duc Long said MIC will help winning products gain access to a broader … [Read more...] about “Make in Vietnam” Digital Product Awards come back

In order to strengthen connectivity, promote friendly cooperation activities, and attract investment between Vinh Phuc province and Japanese localities and businesses, Vinh Phuc province coordinated with the Ministry of Foreign Affairs, the Japanese Embassy in Vietnam, and the Japan Trade Promotion Organization to organise the a conference on boosting Vietnam-Japan connection, cooperation, and development in Vinh Phuc province. The conference will take place on June 23 at the Dic Star Hotel in Vinh Yen city under the chair of the Vietnamese Minister of Foreign Affairs of Vietnam, Japanese ambassador in Vietnam, agencies and committees, and hundreds of businesses from both countries. During the conference, the participants will visit industrial zones that Japanese enterprises are investing and doing business in Vinh Phuc province; booths of oustanding products of the province, potential investment advantages, as well as achievements of cooperation between Vietnam and Japan. The … [Read more...] about Vinh Phuc strengthens connection and cooperation with Japanese investors

Overhead view of a project under the North-South Highway Project. (Photo: VNA) Hanoi (VNS/VNA) - Nearly 18 months since the introduction of the 2021 Law on Public-Private Partnership (PPP) in Vietnam, it's still difficult to get investors to warm up to PPP projects despite the huge potential for growth, as the country ramps up efforts to build modern infrastructure, said industry experts and policymakers in a meeting in Hanoi on June 21. The Law on Public-Private Partnership was supposed to, in theory, address three major problems endemic in Vietnam’s infrastructure projects; slow progression, overbudget and poor quality. However, according to many in the field, the law has failed to tackle a number of fundamental issues, which has discouraged and hindered investors to commit to infrastructure projects. Dr Tran Chung, President of the Vietnam Association of Road Traffic Investors (VARSI) President, said the relationship between the State and investors, as of right now, was … [Read more...] about Lopsided relationship scares investors off PPP

Deputy Prime Minister Pham Binh Minh (R) receives Chairman of Daewoo E&C Group Jung Won-ju (Photo: VNA) Hanoi (VNA) - The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju. During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment. Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives. He expected Daewoo E&C Group to … [Read more...] about Vietnam welcomes RoK firms’ investment expansion: Deputy PM

The third Make in Vietnam Digital Product Awards is launched on June 22. (Photo: VNA) Hanoi (VNA) – The Make in Vietnam Digital Product Awards has returned for the third consecutive year, aiming to honour impact digital products contributing to the acceleration of e-government, digital economy and digital society in Vietnam. It is an official award of the ICT industry annually held by the  Ministry of Information and Communications (MIC) to recognise enterprises with digital products designed, developed and produced in Vietnam that provide solutions to pressing issues currently facing the country, the MIC announced at a press conference on June 22. Eligible nominees are Vietnamese or foreign-invested enterprises whose at least 51 percent of stake is owned by Vietnamese investors. The third edition of the award is launched at a press conference on June 22. (Photo: VNA) They will be awarded in four categories, namely best product in e-government , best product in … [Read more...] about Third Make in Vietnam Digital Product Awards launched

In late March, Japan’s Sumitomo Corporation and local BRG Group worked with Danang’s leaders to discuss projects both groups want to deploy in the city. In 2020, Chairman of Danang People’s Committee Le Trung Chinh handed over MoUs on investment cooperation to Sumitomo Corporation and BRG Group to promote investment in a wide range of urban and infrastructure development projects in Danang. According to BRG chairwoman Nguyen Thi Nga, Danang has the full potential for a leading global player like Sumitomo to weigh over opportunities for investment and business expansion. “The board of directors at Sumitomo is solid with their investment orientation in Danang as they have sent several working groups to the city to shape an iconic regional-level project in Danang,” said Nga. Beyond Japanese groups, international investors from various other countries have expressed the desire to make forays into Danang. In a meeting with the city’s management at the end of April, Park In Sung, … [Read more...] about Danang becoming focal point in Central Vietnam investment

Wind experts in Vietnam are suggesting improved bankability in order to attract finance from elsewhere, Photo: Shutterstock Mark Hutchinson, chair of the Southeast Asia Task Force at the Global Wind Energy Council (GWEC) said the investment rate of offshore wind power projects is very large. Therefore, Vietnam needs to have a clear process and an appropriate price to attract investors. At the same time, it is also necessary to consider the supply chain and develop seaport infrastructure. Commenting on the target of 7GW by 2030 as set out in the draft Power Development Plan VIII (PDP8), Hutchinson said it is necessary to have a conversion mechanism for the first 4GW, then implement a bidding mechanism for the remaining 3GW. “If we switch directly to the bidding mechanism, this goal will be difficult to achieve. Besides this, it is necessary to have capital financing from international banks because domestic banks have limited capital supply,” Hutchinson said at a conference two … [Read more...] about Investors clamour for wind incentives

At the award ceremony (Photo: thanhnien.vn) HCM City (VNA) - Tai Viet JSC - Vietstock and finance and life newswire Fili.vn released a list of local listed companies with the best investor relations (IR) on September 22. The IR Awards 2020, now in their tenth year, seek to raise awareness among listed companies about improving the transparency and efficiency of their corporate governance efforts and contributing to an open, transparent, and effective securities market in Vietnam. Among the 729 surveyed companies, 329 were transparent in information disclosure on both the Ho Chi Minh and Hanoi stock exchanges. Forty-five were shortlisted and divided into the categories of large-cap, mid-cap, and small & micro-cap. The top listed companies with the best IR, as voted by investors and financial institutions, included Hoa Phat Group, Novaland Investment Group Corporation, Vietnam Dairy Products JSC (Vinamilk), Mobile World Co. Ltd, and Vinhomes JSC./. VNA … [Read more...] about Listed companies with best investor relations in 2020 announced

AVBC President Kiem Dinh speaks at the a conference in Sydney on June 23. (Photo: VNA) Sydney – The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021. Addressing the event, which drew nearly 100 businesses from a variety of sectors, AVBC President Kiem Dinh said that the conference marked a commitment from Vietnam and Australia to promote their partnership in many areas, heading to sustainable and inclusive economic growth in both countries. He said that in 2022, the AVBC and its members are focusing on implementing activities as part of the strategy. For his part, Vietnamese Consul General in Sydney covering New South Wales, Queensland and South Australia Nguyen Dang Thang affirmed that Vietnam-Australia relations are growing based on the foundation of … [Read more...] about Vietnam, Australia promote trade, investment partnership