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A customer buys medicine at a Pharmacity store. (Photo: Pharmacity) Hanoi (VNS/VNA) - The pharmaceutical industry is growing steadily because input costs are stable compared to other industries and businesses are less affected in a high inflation environment. In the first quarter of 2022, according to the business results of the listed pharmaceutical companies, SSI Research Co estimated that the total pharmaceutical revenue of the country increased by 7 percent over the same period last year, in which the revenue from the pharmacy channel increased by 23 percent over year-on-year and the hospital channel decreased by 5 percent year-on-year. SSI Research assesses that the pharmaceutical industry will grow strongly in the future. Pharmaceutical demand will continue to increase until the end of 2022 when revenue from the hospital channel recovers strongly, especially in southern provinces, helping to increase the revenue reach of 13 percent of the figure in the second half of … [Read more...] about Pharmaceutical industry sees promising prospects

Construction is due to start on Vietnam's first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix. TGS Green Hydrogen will build the plant in the southern province of Ben Tre, with trial operations due to start from the first quarter of next year, the government said in a statement. Hydrogen is categorised 'green' when it is extracted from water using electrolysis powered by renewable energy and is seen as crucial to help decarbonise industry, though the technology is still expensive and at an early stage of development. The 19.5 trillion dong ($840 million) plant will initially produce 24,000 tonnes of green hydrogen, 150,000 tonnes of ammonia and 195,000 tonnes of oxygen a year, the government said, adding that capacity would be more than doubled in a later stage. Vietnam, a regional manufacturing powerhouse, wants to nearly double its … [Read more...] about Vietnam company to invest $840 mln in country’s first green hydrogen plant

Authorities in Khanh Hoa Province, Vietnam are preparing for next month’s Nha Trang Beach Tourism Festival 2022. The festival is part of the south-central province’s efforts to attract tourists to the famous coastal city of Nha Trang under Vietnam’s 2022 National Tourism Year campaign after two years of stalled tourism due to COVD-19. The event is aimed at promoting Nha Trang – Khanh Hoa as a “safe, high-quality, attractive, and friendly” destination, according to Cung Quynh Anh, deputy director of the Khanh Hoa Department of Tourism. The fest is meant to create opportunities for localities and businesses to introduce their tourism products to tourists and residents alike. Aside from the event’s opening and closing ceremonies, the Nha Trang Beach Tourism Festival 2022 will feature a wide range of activities, including about 200 booths related to Khanh Hoa tourism, a photo exhibition showcasing the province’s cultural heritage, introductions of cooperative tourism products … [Read more...] about Vietnam’s Nha Trang City to host beach tourism festival

A report based on anonymized data voluntarily provided by parental control application Kaspersky Safe Kids users has highlighted Vietnamese instant messaging app Zalo as the most used platform by children in Vietnam in the first quarter of 2022. Once installed, Kaspersky Safe Kids collects search queries and web browsing activities on devices that children use to access the Internet in order to notify parents of content in “undesirable categories,” including adult media, alcohol, narcotics, tobacco, racism, and profanity. The multinational cybersecurity and anti-virus provider carried out a study using data from Kaspersky Safe Kids to better understand child preferences and interests. According to results of the study announced on Tuesday, the five most popular apps for children around the world include YouTube, which led the way with a rate of 31.6 percent, followed by TikTok at 19 percent. WhatsApp ranked third with 18 percent, succeeded by popular game Roblox with 7.5 … [Read more...] about Zalo becomes most popular app among children in Vietnam: Kaspersky

It’s estimated to cost US$330 million to provide housing for climate-vulnerable in 28 coastal provinces in Vietnam. Dozens of vulnerable people in Quang Binh, one of Vietnam’s localities heavily affected by natural disasters, will soon benefit from a housing program supported by the United Nations Development Programme (UNDP), World Share, and local authorities. Phan Manh Hung, Vice Chairman of the People's Committee of Quang Binh Province, at the ground-breaking ceremony on May 19. Photos: UNDP As many as 73 poor households will receive the houses which are scheduled to be handed over at the end of July 2022, marking the second time that UNDP, the Korean non-governmental organization World Share , and the People’s Committee of Quang Binh Province build storm- and flood-resilient houses for local coastal residents. The first handover of 39 safe houses took place in December 2021 to poor families severely suffering from the floods in 2020. In 2020 alone, … [Read more...] about UNDP supports flood-resilient houses for Vietnam coastal residents

The validity extension of the resolution is of particular significance due to rising bad debts during the pandemic. The National Assembly’s Economic Committee has agreed with the Government’s proposal on extending the validity of resolution No.42 on pilot bad debt management until December 31, 2023. Vu Hong Thanh, chairman of the Economic Committee under the National Assembly. Photos: quochoi.vn “Past results in treating bad debts under the resolution have been positive and helped further channel the capital into business and production activities,” said Vu Hong Thanh, chairman of the Committee at a discussion session held by the National Assembly on May 24. Thanh noted the end of resolution No.42, originally scheduled for this August, may cause difficulties in treating bad debts. “The extension of its validity period, therefore, would help ensure efficiency in treating bad debts, support businesses and people, and reduce risks of possible legal disputes … [Read more...] about National Assembly greenlights extension of resolution on bad debt management

Chris Yeo, who heads Grab's payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told Reuters . Both Yeo and Goh worked at the Grab Financial Group's GrabFin unit, which provides digital payments, financing, insurance, rewards, and wealth management services, and is an important plank of Grab's regional growth strategy. The latest executive departures come as Grab's losses rose to $3.6 billion in 2021 from $2.7 billion a year earlier, while revenue rose 44 percent, with investors focusing on how the firm plans to stem losses. Grab narrowed its loss in the first quarter. Since listing on Nasdaq in December after a record $40 billion merger with a blank check firm, Grab's shares have shed three-quarters of their value against a backdrop of plunging tech stocks and its continued losses. "Many business groups within GrabFin have … [Read more...] about Two senior Grab executives quit as company rejigs unit to stem losses

The index closed 35.05 points higher after gaining 14.57 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange increased by nearly 24 percent to VND16.57 trillion ($714 million), the highest of eight sessions. The VN-30 basket, comprising the 30 largest capped stocks, saw 27 tickers gain. PNJ of Phu Nhuan Jewelry and FPT of IT giant FPT Corporation hit ceiling prices with a gain of 7 percent and 6.9 percent, respectively. It was followed by GVR of Vietnam Rubber Group and VPB of private lender VPBank, both up 5 percent. Two blue chips fell, with HPG of steelmaker Hoa Phat Group losing 1.3 percent and PDR of Phat Dat Real Estate Development falling 0.8 percent. Foreign investors were net buyers to the tune of VND3.16 billion, focusing on DCM of Petro Vietnam Ca Mau Fertilizer and DPM of Petrovietnam Fertilizer & Chemicals Corporation. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 2.93 percent while the UPCoM-Index at the … [Read more...] about VN-Index posts 6-session high gain

Vietnam gained an overall score of 4.1 out of seven points, rising by 4.7 percent to leap from 60th in 2019 to 52nd out of 117 economies in the 2021 index released on Wednesday by the World Economic Forum (WEF). The index measures the factors and policies that will enable sustainable and resilient development of tourism from business, safety and health conditions, to infrastructure and natural resources, environmental, socioeconomic and demand pressures. The WEF report further ascribed Vietnam’s improved ranking to its achievements in Covid pandemic prevention, flexible adaptation as well as continuous efforts to develop safe tourism. Vietnam performed well in price competitiveness, safety and security, air transport and port infrastructure as well as natural resources. However, the country still needs to improve factors like tourist service infrastructure, prioritization for travel and tourism, and environmental sustainability, the report said. Japan tops the ranking, with … [Read more...] about Vietnam tourism development ranked among three biggest global improvers

Việt Nam has administered some 219,796,318 doses of COVID-19 vaccines. Photo baochinhphu.vn HÀ NỘI — Việt Nam registered 1,344 new COVID-19 infections, all domestically transmitted, and two deaths on Wednesday. The capital Hà Nội again led the number of new daily cases with 316, followed by Vĩnh Phúc Province with 94. The other localities reporting new transmissions were Bắc Ninh (90), Nghệ An (76), Phú Thọ (63), Quảng Ninh (55), Yên Bái (55), Đà Nẵng (44), Tuyên Quang (41), Lào Cai (37), Quảng Bình (36), Hồ Chí Minh City (35), Thái Nguyên (31), Bắc Kạn (29), Thái Bình (27), Nam Định (23), Hà Nam (21), Hà Giang (19), Lâm Đồng (18), Sơn La (18), Quảng Trị (17), Lạng Sơn (17), Cao Bằng (16), Hưng Yên (14), Khánh Hòa (13), Bắc Giang (13), Hòa Bình (13), Lai Châu (12), Bình Phước (12), Đắk Nông (11), Thừa Thiên Huế (10), Hải Dương (10), Thanh Hóa (9), Tây Ninh (7), Bà Rịa - Vũng Tàu (7), Điện Biên (6), Quảng Ngãi (6), Ninh Bình (5), Phú Yên (4), Vĩnh Long (4), Bến Tre (3), Bình … [Read more...] about Việt Nam logs 1,344 new COVID-19 cases, two deaths on Wednesday