Quad cities business news

Japanese pharma firm Eisai Vietnam Co., Ltd opened a new business office in HCM City on Thursday, May 12, 2022. — Photo courtesy of the company Japan-headquartered pharmaceutical company Eisai Vietnam has inaugurated a new business office in HCM City, reaffirming its decades long presence in the country. The new office is located at the Saigon Giai Phong Tower at 432-438 Nguyen Thi Minh Khai Street in the city’s District 3. Yuki Inoue, general director of Eisai Vietnam, said the company aimed to improve the distribution system, introduce innovative drugs, and contribute to improving benefits for patients based on its human health care or “hhc” philosophy. He explained that Eisai's corporate philosophy gives first thought to patients and their families, and to increasing the healthcare benefits that meet significant unmet medical needs. Eisai Vietnam is a wholly owned subsidiary of Eisai Co Ltd, a leading global research and development-based pharma company headquartered in … [Read more...] about Japanese pharma firm opens new office in HCM City

Worshippers, monks, and nuns across Ho Chi Minh City gathered at local pagodas on Sunday to pray for peace and safety on the occasion of the Buddha’s Birthday. The grand ceremony celebrating the 2,566th Buddha’s Birthday was organized by the Central Committee and Executive Board of the Vietnam Buddhist Sangha at Vietnam Quoc Tu Pagoda in District 10. The event saw the attendance of many Buddhist monks and nuns, who arrived early in the morning to offer flowers and pay their respect. Buddhist monks attend the ceremony marking the 2,566th Buddha’s Birthday at Vietnam Quoc Tu Pagoda in District 10, Ho Chi Minh City, May 15, 2022. Photo: Phuong Quyen / Tuoi Tre A large crowd was also recorded at Vinh Nghiem Pagoda in District 3, where hundreds of Buddhists performed rituals such as the bathing of the Buddha and ringing large bells to pray for peace and safety. At Phuoc Hai Pagoda in District 1, thousands of visitors came to worship and offer flowers to the Buddha. … [Read more...] about Buddhists congregate at Ho Chi Minh City pagodas to mark Buddha’s Birthday

The capital market, digitalization, energy transition, climate change, and strategic infrastructure are key potential fields for Warburg Pincus to focus on in Vietnam. Vietnam’s business environment and macroeconomic conditions have become more stable and favorable for foreign investors, said CEO of global private equity firm Warburg Pincus Charles Kaye at a meeting with Prime Minister Pham Minh Chinh on May 15. Prime Minister Pham Minh Chinh and CEO of global private equity firm Warburg Pincus Charles Kaye. Source: VGP Kaye said investors are concerned about the four major issues, including the capabilities of local companies, macro-economic stability, infrastructure, and the authorities' responsiveness. In this regard, Kaye said Vietnam could do more in infrastructure development as one of the measures to improve the business environment. The CEO also revealed a plan to expand the equity firm investment portfolio in Vietnam’s real estate market and … [Read more...] about Vietnam’s business environment favorable for foreign investors: Warburg Pincus

Many workers hustled to make products at Anh Dao Cooperative in Da Lat City At the fruit and vegetable processing zone on Xo Viet Nghe Tinh Street of Anh Dao Cooperative in Da Lat City, many workers hustled to make products. According to the process, agricultural products are harvested from the gardener, then they are brought directly to the warehouse to be classified according to each product that has been ordered in advance. Each product will have its own way of preliminary processing and packaging, but the common point is that they are all classified from the source so that when they go to the place of consumption, they will limit the need to select products and limit the source of agricultural waste. Ms. Uyen of Anh Dao Cooperative said that cabbage vegetables need to be wrapped in paper to avoid being crushed and damaged when they are transported to supermarkets in Ho Chi Minh City. Each year, this unit supplies hundreds of thousands of tons of vegetables and fruits to the … [Read more...] about Lam Dong and HCMC connect to sell agricultural products

A view of HCM City. Many banks have temporarily ceased lending to the property sector. — Photo vneconomy.vn Deputy Governor of the State Bank of Viet Nam, Dao Minh Tu, announced at the Government’s March press conference that credit growth in the first quarter of the year had been 5.04 per cent, much higher than the 2.16 per cent rise in the same period last year. He described it as a “quite positive result” that showed the economy had made a significant recovery with people’s lives and businesses returning to normal thanks to the Government’s effective measures against the COVID-19 pandemic. According to a report by the SBV’s HCM City office, credit growth in the country’s main economic hub was estimated at 3.65 per cent in the first quarter. The positive performance has encouraged many banks to set high goals for the full year. At its annual general meeting on March 16, VIB approved a growth target of 30 per cent, much higher than the cap of 14 per cent set by the central … [Read more...] about Not lending to property sector will have mixed effects: analysts

The local aviation market experienced a strong recovery in April. — VNA/VNS Photo The aviation market in Viet Nam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts. According to the Civil Aviation Authority of Viet Nam (CAAV), in April, Viet Nam's airports handled 6.6 million passengers, down 14.3 per cent compared to the same time last year but the number of foreign visitors reached more than 230,000 in April, an impressive increase of 502 per cent over the same period last year when COVID-19 was developing in a complex fashion. CAAV said Vietnamese airlines transported 3.28 million passengers, including 80,000 foreigners. Compared to the same period last year, the number of international passengers choosing services of Vietnamese airlines rose 214.7 per cent, while the number of domestic passengers dropped 18.2 per cent. As for cargo transport, in April, 140,700 tonnes of cargo were transported through Viet … [Read more...] about Local aviation market sees strong recovery

Đầm Vạc Golf Course where the SEA Games 31's golf tournament takes place. — VNA/VNS Photo Hoàng Hùng VĨNH PHÚC — The northern province of Vĩnh Phúc, which will host competitions for Muay Thai and Golf at the 31st Southeast Asian Games (SEA Games 31), has organised a number of exciting activities to promote the province's culture and tourism. The provincial Tourism Promotion and Information Centre has worked with local businesses to promote travel services, tours, ‘One Commune, One Products’ (OCOP) programme, and local specialities at competition venues, making it easier for sports fans and tourists to get information, travel advice, and guidance. In addition, the centre also collaborated with local travel agencies to build intra-provincial trips and send guides to take tourists to three of Vĩnh Phúc's most popular tourist attractions: Tây Thiên landscape complex, Tam Đảo tourism area, and the eco-tourism area of Đại Lải Lake. Tam Đảo is a famous tourist destination in Vĩnh … [Read more...] about Vĩnh Phúc making most of SEA Games to boost tourism

MUSIC & PERFORMANCES Creative Dance – METTLER Scholarship 2 semesters: 06 Feb – 29 May, 2022 Registration link From the organizer: Mettler-based Creative Dance Scholarship program provides an introduction to the underlying principles and teaching methods used in Mettler-based Creative Dance. The scholarship is provided by Mettler Studio Inc., USA & Vietnam Dance/Movement Therapy for professional and personal development. ____________________________________________________ EXHIBITION Until May 29, 08 am – 05 pm Hanoi-Solo Art Exhibition Phan Minh Chau: Rock ballad in Colors May 16 – 22 Hanoi-Signifiant Dream May 20 & 21, 08:30 pm Rooftop Manzi Exhibition Space, 2 ngõ Hàng Bún, Ba Dinh District From Manzi: “With the world being stretched, spread in connection, we’re in a tendency of being taken far from home” Signifiant Dream A site-specific staging by XplusX … [Read more...] about What’s on May 16-22/2022

A microplastic fibre is zoomed 50 times by a microscope. A group of biologists and researchers found microplastic contamination in the air of Đà Nẵng in 2021-22. Photo courtesy of Trịnh Đăng Mậu Công Thành ĐÀ NẴNG — Microplastic pollution in the air in both inner and suburban areas of the central city of Đà Nẵng has become serious. Microplastics can go directly into the lungs during daily activities. A group of biologists and researchers from the University of Science and Education under Đà Nẵng University has reported their independent survey and research on microplastic pollution in the central hub, the first of its kind in central Việt Nam. Common types of microplastics in the air that had been collected in a four-month survey in six districts of Đà Nẵng City between 2021-22 were only observed by microscope with sizes from 850 to 900 micrometres. Smaller fibres from 300mr to 600mr accounted for nearly 40 per cent of the total samples collected. Plastic bottles and … [Read more...] about Microplastic pollution found in Đà Nẵng air

Visitors at the last edition of the Vietnam International Premium Products Fair. This year the fair will be held from June 2 to 5 at the Saigon Exhibition and Convention Centre. — Photo courtesy of Coex Vietnam HCM CITY — The Việt Nam International Premium Products Fair will be held again in HCM City after being delayed due to the COVID-19 pandemic. VIPREMIUM 2022 returns from June 2 to 5 with a mission of connecting domestic and foreign businesses in the beauty - fashion, premium food and beverages, gift and houseware, smart devices, healthy and eco-friendly items, stationery, and office items industries, according to the organisers. To be held at the Saigon Exhibition and Convention Centre, the fair will have 350 booths set up by 250 companies, and is expected to welcome 10,000 buyers and visitors. Among its highlights will be the Korea Sourcing Fair with brands from across Korea and premium consumer products. Seminars will be hosted on the sidelines by experts on various … [Read more...] about Vietnam International Premium Products Fair attracts over 250 exhibitors