Shortage of drugs

The prices of automobiles in Vietnam have been continuously increasing in the wake of the COVID-19 pandemic due to a dearth of auto parts. Many Peugeot car models manufactured and assembled by Vietnam’s Truong Hai Auto Corporation (THACO) will see price hikes of VND20-40 million (US$854-1,709) beginning in September. This is not the first time THACO has increased the prices of its products since the pandemic was put under control. The cost of other models assembled by THACO, such as the Kia Sonet and Kia Seltos, also jumped by tens of millions of dong. (VND10 million = $427) Despite the price hikes, many buyers are on three-to-six-month waiting lists for their new cars. Toyota Vietnam hiked the listed prices of its two best-selling MPV (multi-purpose vehicle) models Avanza and Veloz by VND10 million ($427) in early August. The Toyota Avanza series now sells for VND558-598 million ($23,800-25,500), while the Toyota Veloz costs VND658-698 million ($28,100-29,800). Some … [Read more...] about Car prices rise due to auto parts shortage in Vietnam

Raw materials shortage s In the first half of 2022, export turnover of goods reached US$185.94 billion, up 17.3 percent over the same period last year. But while many enterprises have orders until the end of the year, they cannot speed up production due to raw material shortages. Director of Datalogic Vietnam Limited Liability Company, Dang Van Chung said the market demand is large, but businesses cannot accept new orders due to lack of electronic components. It also takes time to find alternative sources of raw materials, as reflected in the factory's revenue being 15 percent lower than the plan. “The shortage of electronic components is a general problem of the electronics industry. Relevant departments of the company are helping seek alternatives to meet customers’ needs,” said Chung. Vo Quang Ha, Vice Chair of the Dong Nai Wood and Handicraft Association, said wood supplies from Europe to Vietnam have plunged due to the impact of the Russia-Ukraine war. … [Read more...] about Exporters struggle with raw materials shortages

Hanoi will play a key role in connecting visitors to tourist destinations in Vietnam. The Vietnamese Ministry of Culture, Sports and Tourism needs to actively support major tourism businesses to build routes linking localities, and restart heritage digitalization with the participation of travel companies to create new tourism products. Deputy Prime Minister Vu Duc Dam speaks at the meeting. Photo: VGP This is one of the requirements made by Deputy Prime Minister Vu Duc Dam on August 17 at the meeting on removing difficulties and promoting tourism recovery so that the industry would become a key economic sector. The Deputy Prime Minister requested the Ministry of Industry and Commerce to urgently submit to the Prime Minister the adjustment of electricity prices so that accommodation establishments would be entitled to energy rates equal to those of manufacturing facilities. The Ministry of Culture, Sports and Tourism, associations, and tourism businesses … [Read more...] about Vietnam deploys diverse solutions to revive tourism industry

Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam

The financial shortage might challenge the implementation of Vietnam’s gender equality commitments and Sustainable Development Goals by 2030. It is extremely urgent to secure and mobilize domestic financial resources for gender equality in Vietnam in the context that a great number of donors have cut down on financial support once the country is in middle-income status. Elisa Fernandez Saenz, United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) Country Representative in Vietnam raised concerns at a conference held in Hanoi on August 17. Elisa Fernandez Saenz, United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) Country Representative in Vietnam, speaks at the conference held in Hanoi on August 17. Photos: UN Women The idea was shared at the event where the United Nations agencies, international organizations, local authorities, businesses, and civil society organizations (CSOs) called for initiatives … [Read more...] about Vietnam needs financial resources to advance gender equality

The project, to be located in Ba Ria – Vung Tau Province, will be developed in two phases, with 70 percent of funding needed in the first, the state-owned company said in a proposal. If approved, this will be the third oil refinery in Vietnam. Vietnam is set to record a shortage of 19.5 million tons of fuel annually from 2030 and 49 million from 2045, Petrovietnam forecast. Domestic consumption is now at 18 million tons a year and will reach 33 million by 2030, but two existing refineries, Dung Quat and Nghi Son, will only be able to produce at most 13.5 million tons by 2025, it said. Vietnam's current fuel reserve is as low as 5-7 days of consumption, which means it must be dependent on imports, it added. As the country has been spending billions of U.S. dollars annually to import fuel, an additional oil refinery and storage complex is necessary, Petrovietnam said. Ba Ria – Vung Tau is suggested because the southern region consumes the most fuel in the nation at 45 percent … [Read more...] about Petrovietnam eyes $18.5 bln refinery

The capital city will promote education quality to meet national and international standards. Hanoi's education sector maintains its leading position in the country, Deputy Director of the municipal Department of Education and Training Nguyen Quang Tuan said at a conference this week to discuss the results of the academic year 2021-2022. According to Tuan, by the end of June 2022, the whole city has 2,835 schools with more than 2 million students in grades one to 12, and 120 universities and colleges with nearly 1 million students, in addition to nearly 300 vocational training institutions with 192,590 students. "The facilities, equipment and application of information technology for teaching and learning in schools continue to receive investment in the direction of standardization, synchronization and modernity," said the deputy director. A foreign language lesson for students at Chu Van An Secondary School in Hanoi's Thanh Tri District. Photo: Viet Thanh … [Read more...] about Hanoi’s education sector maintains its leading position in the country

Novartis Vietnam and FPT Long Chau pharmacy chain sign a cooperation agreement to implement the Heart Protection project to improve the quality of healthcare for cardiovascular patients in Viet Nam on August 15. — Photo courtesy of Novartis Novartis Vietnam and FPT Long Chau pharmacy chain on August 15 signed a cooperation agreement to implement the Heart Protection project to improve the quality of healthcare for cardiovascular patients in Viet Nam. The project will focus on strengthening the consultation capabilities of pharmacists in different therapeutic areas including cardiovascular, diabetes, oncology, and ophthalmology along with improving awareness in the community and supporting patients with early screening and detection of cardiovascular diseases and treatment compliance. It includes specific activities such as strengthening pharmacists’ consultation efficiency, developing healthcare projects on digital platforms, coordinating to implement patient-community … [Read more...] about Novartis, FPT Long Chau to enhance health care for cardiovascular patients