Vietnams healthcare sector

Vietnam remains supportive and would serve as the bridge for the UK to expand its partnership with ASEAN, calling for the UK parliament to support ASEAN’s central role in the region, as well as Vietnam’s stance on regional security issues. Vietnam and the UK are seeking closer relations at a time when the bilateral strategic partnership has been at its best with strong progress in all spheres. Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle. Source: VNA The view was shared during a meeting between Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle in London today [June 29]. According to Hue, trade and investment cooperation between the two countries has benefited from the UK-Vietnam Free Trade Agreement (UKVFTA) that took effect in early 2021. Hue expected both sides to continue taking advantage of the deal to boost bilateral trade … [Read more...] about Vietnam, UK seek closer relations

More than 100 Japanese companies in the food industry and 30 in cosmetics are looking for partners and expanding business in Vietnam. Japan Street, an online catalog site, is expected to further enhance business cooperation between Vietnamese and Japanese enterprises and further contribute to bilateral relations. Deputy Head of JETRO in Hanoi Keisuke Kobayashi at the event. Photo: Hai Yen Project Manager at the Japan External Trade Organization (JETRO) in Hanoi Yutaka Yasunaga stressed the view during a press briefing on the platform held today [June 30]. According to Yasunaga, “Japan Street” would help connect Japanese suppliers with overseas buyers, including those from Vietnam. Yasunaga said that the Covid-19 pandemic and the restriction measures adopted by countries around the world have made it difficult to set up direct meetings between buyers and suppliers. “An online platform, therefore, is considered an effective solution to avoid disruption to … [Read more...] about “Japan Street” to bolster Vietnam-Japan business cooperation: JETRO

National Assembly Chairman Vuong Dinh Hue (right) at a meeting with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam. (Photo: VNA) London (VNA) – Vietnam wants to learn from the UK’s experience in promoting the role of public and private sectors, private governance and national governance in an effort to achieve commitments, including those made at the 26th United Nations Climate Change Conference of the Parties ( COP26 ) in Glasgow last year, National Assembly Chairman Vuong Dinh Hue has said. At a meeting in London on June 30 with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam, Hue affirmed that the relationship between Vietnam and the UK is at an all-time high. He believed the UK will continue to elevate its role and position in terms of economy, trade and … [Read more...] about Vietnam seeks stronger trade, education ties with UK

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

Outstanding tariff preferences The British Embassy in Vietnam has forecast that Vietnam will save about US$151 million in tariffs from the deal, while the UK stands to save around US$36 million. Although the UKVFTA took effect at a time when the pandemic was ravaging the two countries, bilateral trade still reached US$6.6 billion in the pact’s first year. In fact, 65 percent of all tariffs have already been eliminated from UK-Vietnam trade. In the first six years of the deal, the UK will eliminate 99.2 percent of tariff lines on Vietnam’s imports. This is higher than the terms of the EU-Vietnam Free Trade Agreement (EVFTA) with 70.3 percent tariff elimination. Vietnam pledges to eliminate 48.5 percent of tariffs, matching other EU countries under the EVFTA. Import tax on most types of Vietnam’s raw shrimp into the UK is being scrapped Other tariff preferences in the UKVFTA include zeroing out import tax on most types of raw shrimp into the UK from 10-20 percent; a … [Read more...] about UK trade pact benefits Vietnam

Trade promotion plays a key role for the dairy sector How has the dairy sector recovered from the pandemic? Despite the prolonged pandemic, the domestic dairy market still reached VND113.7 trillion in revenues in 2020 and VND119.3 trillion in 2021. The country produced about 1.77 billion liters of fresh milk in 2021, up 4.5 percent compared to 2020, while powdered milk volume saw positive growth of 13.1 percent year-on-year to 151,500 tonnes. Vietnamese dairy businesses have strengthened trade promotion activities and sought export markets. Currently, Vietnamese dairy products are available in 50 countries and territories. In 2021, the sector had a turnover of nearly US$300 million. Milk is a special product and export markets always put quality at the top. Therefore, Vietnam’s milk and dairy product exports to foreign markets are considered a great success. Tran Van Trung, chairman of the Vietnam Dairy Association What are the opportunities for the dairy … [Read more...] about Dairy sector milks trade agreements for greater opportunities

The deal, which includes a combination of credit cards and personal loans, represents the largest single acquisition made by Collectius to date and signifies a growing need for debt restructuring solutions in the country as loan defaults become more common. The NPLs were a joint acquisition by Collectius and the International Finance Corporation (IFC), a member of the World Bank Group. Both parties partnered in 2020 to launch the $60 million Distressed Asset Recovery Platform Programme that focuses on the acquisition and resolution of distressed assets across emerging markets. This programme helped many customers across the region meet their financial obligations and regain creditworthiness. IFC is also a minority equity shareholder in Collectius. In addition, Collectius recently acquired NPL portfolios from a leading super app in Southeast Asia, as part of a regional deal that covers five countries including Vietnam. Through these NPLs acquisitions, Collectius now serves more … [Read more...] about Collectius acquires more than $800 million of non-performing loans in Vietnam

The State leader attended a ceremony on June 28 to mark the 50th founding anniversary of Vietnam Pharmaceutical Corporation (Vinapharm), where he presented the first-class Labour Order to the corporation. He stressed that the difficulties that the health sector is facing are only temporary, adding that the Party and State are paying attention to and ready to work with the sector to solve the existing challenges and obstacles. He urged the Ministry of Health to work out amendments to the Law on Bidding, the Law on Health Insurance and relevant legal documents, and submit them to the Government for consideration and approval so as to create favorable conditions for medical establishments to quickly secure sufficient drugs to serve patients. The State leader also asked the health sector and Vinapharm to perfect mechanisms and policies, especially those related to finance, to improve the quality and efficiency of medical services; address the overloading at hospitals; expand the … [Read more...] about President urges actions to handle health sector’s crisis

On June 30, the project started to revise and select eligible and qualified businesses to receive support packages for the second intake of 2022, running from April 1 to June 30. The USAID IPSC, with a total budget of $36 million, is currently Vietnam's largest private-sector technical assistance project funded by the United States Agency for International Development (USAID). The project aims to support businesses to overcome the pandemic, improve their capacity in governance, technology, financial access, innovation, and market access, and promote a favourable business investment environment. USAID IPSC targets to support 5,000 small and growing businesses. USAID IPSC officially launched and opened registration on January 18. The applicants go through selection processes (the first in April, the second in July, and the third in November), to receive support packages. In 2022, USAID IPSC offers six different support packages for businesses based on overall project … [Read more...] about Hundreds of businesses to receive support from USAID IPSC Project

National Assembly Chairman Vuong Dinh Hue (second, left) presents a gift to the Vietnamese expatriate community in the UK. (Photo: VNA) London (VNA) - The official visit to the UK by Vietnamese National Assembly Chairman Vuong Dinh Hue has come in a very opportune and important time, as the two countries are seeking ways to deepen their parliamentary and political dialogues, said Mr Wayne David MP, Chair of the All-Party Parliamentary Group (APPG) for Vietnam. Making his remarks in a virtual meeting with the Vietnam News Agency's correspondent in the UK ahead of the top legislator’s trip from June 28-30, Mr David said the visit is important not only symbolically, but in a very practical sense as well, because during the visit, the two sides will be talking about different issues important to both countries. According to the APPG Chair, Mr Hue will be meeting not only the Speaker of Commons and the Speaker of Lords, members of all political parties and the APPG, but also … [Read more...] about Top legislator’s UK visit comes in opportune and important time: APPG Chair