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Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

"We are constantly looking for other areas to cooperate with the government. We bring to the table expertise in healthcare management, in regulatory affairs, even in logistics." - Lennor Carrillo, general director at Roche Pharma Vietnam During Roche’s 28 years in Vietnam, the company has moved beyond its traditional role as a pharma company and partnered with the government, hospitals, and doctors to improve the entire healthcare ecosystem. Could you share some highlights and difficulties of the journey? Roche celebrated its 125th birthday globally, and in that time span, we’ve tried to go beyond the drug-patient kind of approach and make a bigger impact. In Vietnam, aside from the government, additional partners that we have worked with include the Vietnam Medical Association, the Bright Future Fund, the National Cancer Institute, the National Institute of Hematology and Blood Transfusion, and other medical institutes and hospitals. A good example of the partnership we … [Read more...] about Roche Pharma Vietnam co-creating partnerships in sustainable health

Nitin Kapoor-Chairman and general director AstraZeneca Vietnam At AstraZeneca, our scientists, lab researchers, medical, regulatory and corporate affairs teams, amongst others, have worked tirelessly to see this day. We told ourselves that this is probably the only chance in our lifetime to play such an important role in fighting a pandemic of this scale. It was our duty to offer our best to protect the people. We worked closely with the Vietnamese government, the Ministry of Health, VNVC, and other partners to deliver and support the bilateral donations of more than 70 million doses of AstraZeneca’s COVID-19 vaccine. Our motivation was to ensure that Vietnam would be one of the first countries in Asia to have access to vaccines to save lives. Vietnam now possesses one of the highest vaccination rates in the world, and we cannot be prouder of what we have accomplished together. But as a healthcare company, our responsibility does not stop there. While the hardest part of the … [Read more...] about AstraZeneca: three healthcare priorities in the new normal

Techcombank is on track to be among the top ASEAN banks Techcombank’s rise within the Vietnamese banking industry was highlighted last year when it became the first non-state-owned bank to join Vietnam’s billion-dollar profit club. “Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us to deliver stellar performance year after year,” said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a “stable and cheap” source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 per cent in 2020 to 50.5 per cent last year, well on its way to the bank’s target of 55 per cent by 2025. Techcombank’s net interest margin, a measure of the difference between the interest … [Read more...] about Techcombank on track for a seat among the top ASEAN banks

Prime Minister Pham Minh Chinh attended the opening ceremony of FPT Software's new office in New York City Speaking at the ceremony, Prime Minister Pham Minh Chinh stressed the importance of the event in the context of Vietnam’s rapid recovery after the pandemic, showing the country’s sustainable socioeconomic development with a focus on technology and innovation. The PM believed that FPT would develop faster and stronger, contributing to the development of science and technology among Vietnam’s businesses. Dang Tran Phuong, CEO of FPT Americas said, “This is a milestone asserting our rapid and strong growth in the world's largest economy. In the next three years, we expect the new office to contribute 20 per cent of FPT Software's total revenue in the US, with the number of employees working directly with US reaching 5,000 people." This is FPT Software's 10 th office in the US and the company's 58 th worldwide. The new office is located at 295 Madison Avenue in New York … [Read more...] about FPT Software opens 10th office in the US

A sixth-grader in Long Xuyên City, in the southern province of An Giang, is inoculated against COVID-19. — VNA/VNS Photo Thanh Sang HÀ NỘI — A total of 1,550 new COVID-19 cases were reported on Monday, a fall of 46 compared to Sunday, as well as two deaths. The latest numbers bring the total national caseload to 10,698,180 so far. Among the new infections, just two were imported and the rest were domestic. A total of 1,355 new transmissions were detected in the community. The capital city of Hà Nội again recorded the highest number of infections with 437, followed by northern Bắc Ninh Province with 98. The other cases were found in Yên Bái (76), Quảng Ninh (75), Nghệ An (64), Vĩnh Phúc (63), Tuyên Quang (61), Thái Bình (54), Phú Thọ (53), Hải Dương (45), Quảng Bình (44), Thái Nguyên (44), Lào Cai (33), Bắc Kạn (25), Bình Dương (24), Đà Nẵng (22), Hà Tĩnh (22), Hưng Yên (22), Thanh Hóa (22), Ninh Bình (21), Hải Phòng (19), HCM City (19), Hòa Bình (17), Hà Nam (16), Nam Định … [Read more...] about Slight decrease in COVID cases on Monday

Jakarta (VNA) - Air Products & Chemicals - a multinational industrial gas and chemicals manufacturer headquartered in the US, has carried out the first phase of its investment in projects worth 7 billion USD in Indonesia over the past two years. According to Bahil Lahadalia, Minister of Investment and head of the Investment Coordinating Board of Indonesia (BKPM), this figure accounts for nearly half of the 15 billion USD investment commitment of the company in Indonesia. The company has poured money in dimethyl ether and methanol production projects in the Balongan district of West Java province. Minister Bahil announced the above information after a meeting between President Joko Widodo and Seifi Ghasemi, President and Chief Executive Officer of Air Products, on May 13 in Washington D.C. According to Bahil, the sides discussed the development of an industry upstream to downstream in the petrochemical sector. He said at the meeting, President Jokowi emphasised the … [Read more...] about US company pours 7 billion USD into Indonesia

PM Pham Minh Chinh meets the American friends who support Vietnam's victims of Agent Orange /dioxin in New York on May 15. (Photo: VNA) New York (VNA) - Prime Minister Pham Minh Chinh on May 15 (US time) had meetings with American friends who have stood by Vietnam and its people as part of his working visit to the US. In the meeting with John McAuliff and group of US who have helped support Vietnamese victims of Agent Orange/ dioxin , PM Chinh said other than future-looking items of bilateral cooperation, the Vietnamese delegation has also discussed with the US side on the handling of war consequences that still haunt Vietnam to this day. There are still three million people suffering from the impacts of Agent Orange, not to even mention the risks of continuing diseases and deformities afflicting future generations, the millions of hectares of contaminated lands, he said. As many as 200,000 Vietnamese martyrs have still not been found, while unexploded bombs and … [Read more...] about PM has meetings with friends of Vietnam in US

Strong impression at Seafood Expo Vietnam’s clam products recently drew international attention at the 2022 Global Seafood Expo from April 26 to 28 in Barcelona (Spain), the center of the EU’s fisheries industry. The boldly designed pavilion showcasing Vietnamese clams drew some 100 importers from Spain, Italy, France, the United States, Portugal, the UK, Turkey, the Netherlands, the United Arab Emirates, the Republic of Korea, Egypt, Israel, the Czech Republic, and Denmark. Clam products are introduced to buyers at the 2022 Global Seafood Expo On display were clam meat, steamed white/brown clams, processed products steamed clams with garlic and butter, and clams cooked with tom-yum sauce. Three of Vietnam's leading seafood companies, Go Dang Joint Stock Company (GODACO), Ben Tre Seafood Joint Stock Company (BESEACO), and Ben Tre Aquaproduct Import-Export Joint Stock Company (AQUATEX), were selected to participate in the exhibition due to their deep involvement in … [Read more...] about No need to clam up about Vietnam’s bivalve exports to EU

In the meeting with John McAuliff and group of U.S. who have helped support Vietnamese victims of Agent Orange/dioxin, PM Chinh said other than future-looking items of bilateral cooperation, the Vietnamese delegation has also discussed with the U.S. side on the handling of war consequences that still haunt Vietnam to this day. There are still three million people suffering from the impacts of Agent Orange, not to even mention the risks of continuing diseases and deformities afflicting future generations, the millions of hectares of contaminated lands, he said. As many as 200,000 Vietnamese martyrs have still not been found, while unexploded bombs and mines continue to threaten the safety and livelihoods of many Vietnamese people. The Vietnamese Government leader expressed gratitude for McAuliff and American friends who have supported Vietnamese victims of Agent Orange and assisted Vietnam in handling war consequences. For his part, McAuliff thanked PM Pham Minh Chinh in … [Read more...] about PM had meetings with friends of Vietnam in U.S.