Japan will give post-COVID-19 support to over 100 overseas Japanese-invested projects, including more than 40 in Vietnam, but the Southeast Asian country needs to overcome certain challenges facing them, a Japanese trade official said. Nobuyuki Matsumoto, chief representative of the Japan External Trade Organization (JETRO)’s Ho Chi Minh City Office, released the information at a press briefing held recently at the twin launch of the upcoming METALEX Vietnam Exhibition and Supporting Industry Exhibition 2022 in October this year. Since 2021, the Ministry of Economy, Trade, and Industry of Japan has implemented an investment aid policy for Japanese firms abroad, aiming to diversify supply chains in the face of the heavy impacts of the COVID-19 pandemic, Matsumoto said. Among the 103 Japanese-invested projects selected by the Japanese government after five rounds of consideration for support, Vietnam took the lead with 41 projects, followed by Thailand with 25, and Malaysia and … [Read more...] about Vietnam emerges as focus of Japan’s post-pandemic supply chain diversification
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Vietnam detects fast-spreading BA.2.75 Omicron sub-variant
Vietnam has recorded new Omicron sub-variants including the fast-spreading BA.2.75, which explains the recent resurgence of COVID-19 cases in the country, according to the Ministry of Health. The General Department of Preventive Medicine under the Ministry of Health has sent an urgent document to health departments in provinces and cities regarding the enhancement of COVID-19 prevention and control efforts. The number of cases has been rebounding in Vietnam and across the world, the department stated. An average daily count of 2,000 new cases have been logged in the Southeast Asian country over the past weeks. Vietnam has documented the appearance of the new Omicron sub-variants with the ability to spread rapidly. Aside from the BA.4, BA.5, and BA.2.12.1 sub-variants that were previously detected, the country recently recorded the BA.2.75 sub-lineage, which is considered to be more transmissible than the others. In early July, many countries around the world reported the … [Read more...] about Vietnam detects fast-spreading BA.2.75 Omicron sub-variant
Japfa Vietnam pioneers modern, green feed factories chain
Japfa Comfeed Vietnam Ltd., a leading animal feed producer in the market, is running a system of six modern plants across the country. The Japfa factory in Hoa Binh province, covering 56,000 square metres, has an annual capacity of 420,000 tonnes Automated production lines with advanced technology With more than 25 years of operating in Vietnam, Japfa has established its footprint as a leading animal feed manufacturer in the market. The company’s six plants in the provinces of Vinh Phuc, Hoa Binh, Thai Binh, Binh Dinh, Binh Thuan, and Long An supply almost 1.5 million tonnes of products per year. As Vietnam is one of Japfa’s three key Asian markets, the major firm has made large investments into the six Vietnamese production facilities, equipping them with world-class technology and automated production lines to maximise productivity and cost-effectiveness. According to the company, all production lines and technology used at the factories are European imports. … [Read more...] about Japfa Vietnam pioneers modern, green feed factories chain
Japfa Vietnam operates modern, green feed factories chain
Japfa Comfeed Vietnam Ltd., (Japfa Vietnam), a leading animal feed producer in the market, is running a system of six modern plants across the country. All the large-scale facilities, with lots of clean and green scenery, use state-of-the-art technology and automated production lines. The Japfa factory in Hoa Binh province, covering 56,000 square meters, has an annual capacity of 420,000 tonnes. With more than 25 years of operating in Vietnam, Japfa has established its footprint as a leading animal feed manufacturer in the market. The company’s six plants in the provinces of Vinh Phuc, Hoa Binh, Thai Binh, Binh Dinh, Binh Thuan, and Long An supply almost 1.5 million tons of products annually. As Vietnam is one of Japfa’s three key Asian markets, the major firm has made significant investments in the six Vietnamese production facilities, equipping them with world-class technology and automated production lines to maximise productivity and cost-effectiveness. According to … [Read more...] about Japfa Vietnam operates modern, green feed factories chain
Vietnam to tighten management, increase supervision to prevent tax loss
Nowadays online shopping becomes more popular than in-store shopping The new Law on Tax Administration which took effect in mid-2020 has added regulations on the responsibilities of relevant ministries including the Ministry of Industry and Trade, the Ministry of Information and Communications, the Ministry of Finance, and the State Bank of Vietnam in tax administration for e-commerce business activities. Plus, the Decree No. 126/2020 also details e-commerce business for individuals. Accordingly, if an organization does business with an individual, the individual does not directly declare tax, but the organization is responsible for declaring VAT on the entire revenue of business cooperation activities, regardless of the form of business cooperation results. At the same time, the organization declares and pays personal income tax on behalf of the individual. Accordingly, with this provision, local businesses which cooperate with a foreign party shall pay tax on behalf of the … [Read more...] about Vietnam to tighten management, increase supervision to prevent tax loss
Omicron sub-variant BA-2.75 found in Vietnam
The new Omicron BA-2.75 sub-variant of Covid-19 has been detected in Vietnam. According to the Ministry of Health, the number of Covid-19 cases has been on the rise again in Vietnam with around 2,000 infections per day. The country has also seen the appearance of new sub-variants, including BA-2.75. A man is given Covid-19 testing in Vietnam Sub-variant BA-2.75 was discovered in many countries in early July. Experts warned that this variant has mutations that could affect people’s immune system and be easily transmissible. The Ministry of Health has instructed cities and provinces nationwide to closely supervise the pandemic and frequently update the number of infected cases. Localities have to provide timely treatment for patients to avoid the risk of more serious conditions or death. Many cities and provinces have been slow in rolling out Covid-19 vaccination. The Ministry of Health has urged them to speed up the process to ensure disease prevention and … [Read more...] about Omicron sub-variant BA-2.75 found in Vietnam
Singapore joins multilateral exercise involving 13 countries for first time
The Exercise Super Garuda Shield takes place in Indonesia from August 1 - 14. (Photo: AFP/VNA) Singapore (VNA) – The Singapore Armed Forces ( SAF ) has, for the first time, taken part in a multilateral exercise involving assets and personnel from 13 countries, said the Singapore an Ministry of Defence on August 15. Held in Indonesia from August 1 – 14, the inaugural exercise was named Exercise Super Garuda Shield to reflect its expanded scope, with many countries participating or observing for the first time, the ministry added in its statement. Itis an annual bilateral exercise between the Indonesian National Defence Forces (TNI) and the United States Indo-Pacific Command (Indopacom). The other countries involved in this year's expanded exercise included New Zealand, France, Malaysia, India and Canada. Singapore's Assistant Chief of General Staff (Operations)-Designate Brigadier General Adrian Teng said the exercise allowed participating armed forces to … [Read more...] about Singapore joins multilateral exercise involving 13 countries for first time
Manulife Vietnam wins continental award
Sang Lee, CEO of Manulife Vietnam, speaks at the 7th Asia Trusted Life Agents & Advisers Awards virtual ceremony. — Photo courtesy of the company Manulife Vietnam has been honoured as ‘Insurance Company of the Year’ at the 2022 Asia Trusted Life Agents & Advisers Awards. The awards honour the best in life insurance agency and advisory across Asia. Manulife Vietnam advisor Tran Thi Hai Yen received the ‘Rookie Insurance Agency Leader of the Year’ award for her agency production and recruitment, strong leadership qualities, professionalism, and services to the industry. Another advisor, Nguyen Duc Duong, was a finalist in the ‘Rookie Insurance Agent of the Year’ category, while Manulife’s bancassurance partner Techombank won the ‘Bank Partner of the Year’ award. Sang Lee, CEO of Manulife Vietnam, said: “These awards are not only a symbol of excellence but also a celebration of our industry, embodying the passion we have for delivering advice and solutions that provide … [Read more...] about Manulife Vietnam wins continental award
Vietnam detects more Omicron sub-variants
Illustrative photo Health workers said that the development of the Covid-19 epidemic in the country become more complicated with an increasing number of Covid-19 cases. Beforehand, BA.2.75 has also since been detected in about 10 other countries, including the UK, US, Australia, Germany, and Canada at the beginning of July. Studies show that variant BA.2.75 has multiple mutations in the gene encoding for the spike protein of the virus. That is the part of the virus that sticks out and binds to the host cell receptor. Those mutations allow the virus to bind to that receptor more efficiently, meaning it can infect human cells better. It also has mutations that may make your antibodies, which are generated in response to vaccination, less able to bind or neutralize the virus. Once again, there is some concern that this virus may be able to spread quickly and evade immunity from vaccination or prior infection. The Department of Preventive Medicine also said that the country … [Read more...] about Vietnam detects more Omicron sub-variants
Foreign embassies in Vietnam issue travel advisory on Covid-19 complications
With the expansion of the Covid-19 pandemic, foreign embassies in Hanoi recommended expats avoid leaving Vietnam. As the Covid-19 pandemic is expanding, foreign diplomatic representations in Vietnam have updated the situation either in their websites or Facebook pages, helped their citizens carry out administrative formalities to return home and warned them not to leave the Vietnam. The Biristh embassy in Vietnam told Hanoitimes via email that the embassy highly appreciated the Vietnamese government's response to Covid-19. “The system has been quick to identify and isolate cases. The WHO has commended the response,” the embassy wrote. The embassy has advised all British citizens in Vietnam to follow and update information about Foreign and Commonwealth Office travel advice. “We are providing consular assistance to the British people affected. We advise all British nationals in Vietnam to follow our travel advice, which is kept under constant review,” the embassy wrote. … [Read more...] about Foreign embassies in Vietnam issue travel advisory on Covid-19 complications