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Tag Archive for ‘Health’

ROK poised to increase market share in Vietnam drug market

The Vietnam government issued new a new law effective July 1, 2017 that dramatically alters foreign sector involvement in activities of the pharmaceutical segment of the country’s economy. At recent conference in Ho Chi Minh City, Ministry of Health officials discussed key aspects of the law, noting its implications for the domestic pharma segment and […]

Low VAT rates in Vietnam benefit the rich more than the poor: World Bank

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise. Moving forward with tax reforms is important for Vietnam to ensure sustainable growth and macroeconomic stability.Vietnam’s tax-to-GDP ratio has fallen over recent years, from 23.5% of GDP in 2010 to 19.1% of GDP in 2015. This is mainly because of […]

Work starts on first Vietnamese automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc attended a ceremony in the northern port city of Hai Phong on September 2 to start the construction of the first Vietnamese automobile manufacturing complex in Dinh Vu – Cat Hai economic zone. Invested by Vinfast manufacturing and trade Ltd company – an affiliate of real estate developer Vingroup, the […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

Convenient stores run for market share in HCM City

Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years, according to reports by the Department of Industry and Trade. After owning over 100 Co.op Food stores mainly selling food, foodstuff, fresh and processed food and other essential […]

Vietnamese exporters urged to follow rules

Vietnam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. This issue was discussed by delegates at a forum on Food Security titled “Market Development for Vietnamese Goods”, co-hosted by the American Chamber of Commerce in Vietnam (AmCham […]

Vietnam consumer confidence at record high: Nielsen study

Vietnam ranks the fifth most optimistic country globally with an index score of 117 in the latest Consumer Confidence Index released by Nielsen, its highest score in the past five years and up five points from the last quarter of 2016. The report also finds that consumers in Southeast Asia continue to be among the […]

Health franchises in Vietnam see growth spurt

Franchise opportunities in healthcare and wellness are emerging in Vietnam as locals increase spending to improve their health and overall well-being. Vietnamese people spend billions of dollars every year improving their health and wellness, according to Sean T. Ngo, CEO of VF Franchise Consulting. A growing number of Vietnamese citizens are travelling abroad-to countries like […]

Around 70,000 receive ARV treatment in Vietnam

HA NOI (VNS)– Approximately 70,000 people living with HIV have received antiretroviral (ARV) treatment since late 2005, the Ministry of Health said on Tuesday. The country now has 206,000 people living with HIV. On average, about 10,000 get ARV treatment each year. The treatment helps 82.1 per cent of adults living with HIV and 82.8 per cent of children living with HIV to lengthen their lives by more than 12 months, said Nguyen Thanh Long, Deputy Minister of Health. This ratio is higher than the 80 per cent recommended by the World Health Organization. However, Viet Nam continues to face challenges in treating the…

Exports show their best face to Vietnam

A sharp hike in Korean cosmetics and food exports to Vietnam in recent years has prompted the need for firms from the two countries to step up bilateral investment and trade. Within many activities to celebrate 20 years of diplomatic ties between Vietnam and Korea (December 1992-December 2012), Korea Trade-Investment Promotion Agency (Kotra) hosted Hallyu Korean Wave Products Show from November 6-7, 2012 at Keangnam Garden west of Hanoi. It showcased several dozen booths with more than 40 Korean businesses whose products are favoured by Vietnamese consumers in electronics, household appliances, cosmetics and food. The opportunities for new emerging Asian markets to fuel…