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Vietnamese Ambassador to the United Kingdom and Ireland Nguyen Hoang Long (R) presents his letter of credentials to Irish President Michael Daniel Higgins (Photo: VNA) London (VNA) – Vietnam ese Ambassador to the United Kingdom and Ireland Nguyen Hoang Long presented his letter of credentials to Irish President Michael Daniel Higgins on May 24. In his reception for the Vietnamese diplomat, the Irish leader appreciated the development of the two countries’ friendship and cooperation, especially in economics, development collaboration, education and culture. He proposed both sides enhance ties in climate change and environmental protection. Expressing his honour to be the Vietnamese Ambassador to Ireland, Long affirmed he will do his utmost to continue developing the bilateral ties extensively, effectively and sustainably. He informed the host of Vietnam’s socio-economic development and external affairs, as well as achievements of the bilateral relations since … [Read more...] about Vietnamese ambassador presents credential letter to Irish President

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

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 mission was led by Royal Thai Air Force Attaché Group Captain Prapard Iamolee and attended by military attachés of Thailand, the U.K., Myanmar, Laos, Czech Republic, the Netherlands, Malaysia, South Africa, the Republic of Korea, the U.S., and advisor of the Vietnam Peacekeeping Center. This was the first visit of foreign military attachés to Nha Trang since the COVID-19 pandemic broke out. At the reception, Political Commissar of the Khanh Hoa provincial Military Command Senior Colonel Trinh Viet Thanh briefed the visiting attachés on the traditions of the South Central province and the unit’s mission over the past time. Impressed by the warm reception, the mission of foreign military attachés to Vietnam thanked the provincial military command for helping them understand more about Vietnam in general and Nha Trang in particular. The mission’s representative highly appreciated the Vietnamese Government’s pandemic prevention and control efforts as well as the military and the … [Read more...] about Foreign military attachés to Vietnam visit Khanh Hoa

Vietnamese Ambassador to Egypt Nguyen Huy Dung says Vietnam and Egypt have numerous opportunities to foster their economic and trade ties as both countries are now moving into the post-pandemic period. Ambassador Nguyen Huy Dung takes part in a live broadcast of Egypt National Radio. Speaking on the Egypt National Radio, Dung noted that Vietnam, after three decades of implementing its Renewal process, is now the 21st largest export economy in the world on its strong commitments to foreign trade opening. Despite the impact of the COVID-19 pandemic, Vietnam recorded a positive economic growth rate of 2.91% in 2020, one of the highest in the world. Vietnam and Egypt have great potential for expanding economic-trade ties, especially in tourism, said the ambassador, pointing to the fact that Egypt is famous for its ancient civilization while Vietnam also boasts an age-old civilization dating back thousands of years, along with many attractive tourist attractions. … [Read more...] about Ample room for Vietnam – Egypt economic cooperation

There are now four Molnupiravir-based drug s produced in Vietnam approved for domestic use. (Photo: suckhoedoisong.vn) Hanoi (VNA) - Molnupiravir Stella 200mg , a drug produced and registered by Stellapharm J.V.Co. Ltd., has been authorised by the Drug Administration of Vietnam (DAV) for the domestic treatment of COVID-19. This is the fourth Molnupiravir-based drug produced in Vietnam to be authorised for use in the country. The DAV orders manufacturers to adhere to documents registered with the Ministry of Health; coordinate with treatment facilities to strictly comply with current regulations on prescription drugs, monitor the safety, effectiveness, and unwanted effects of drugs on Vietnamese people, as well as compile reports according to regulations. At the same time, the DAV also requested local departments of health notify medical examination and treatment facilities, medical staff, and drug suppliers in the area to inform patients of the benefits and risks when … [Read more...] about Another molnupiravir drug authorised for use in COVID-19 treatment

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

The dam at the Tam Dao golf course in the northern Vietnamese province of Vinh Phuc broke on Tuesday morning following heavy rains, inundating several households and causing serious damage, a local official said. Rainwater overflowed the dam before it gave way and sent a torrent downhill, damaging several houses, Tran Van Binh, chairman of Hop Chau Town in Vinh Phuc’s Tam Dao District, where the golf course is located, said on Tuesday afternoon. Binh attributed the broken dam to backfilling a part of the dam for the construction of the Tam Dao golf course and the dam management unit’s failure to release water in time following downpours. This is the second time the Tam Dao golf course’s dam has broken, with the first being in 2008. Tuesday was the second consecutive day of intense rains in different parts of Tam Dao District, leading to water levels rising in many local lakes and dams, thereby posing a high risk of dam breakages and flooding, according to the local People’s … [Read more...] about Golf course dam failure leads to flooded households in northern Vietnam

The U.S.-Vietnam Cooperation Center made its debut in Hanoi on Tuesday and will function as a place for anyone interested in learning more about the two countries’ diplomatic relations. The U.S.-Vietnam Cooperation Center is located on the campus of the Diplomatic Academy of Vietnam in the capital city. It is an output of the partnership between the U.S. Embassy in Hanoi and the Diplomatic Academy of Vietnam. The space, open to academics, researchers, faculty, students, and the public, is set to be a platform for educational and cultural programming, research support, and academic services. It will support the Diplomatic Academy of Vietnam’s American studies program, English language studies, and leadership development, as well as provide information about the U.S. and its foreign policy. Students at the U.S.-Vietnam Cooperation Center in Hanoi, May 24, 2022. Photo: Tuoi Tre The center is the second American Spaces partnership in northern Vietnam alongside … [Read more...] about U.S.-Vietnam Cooperation Center opens in Hanoi