VietMaz

The Drug Administration of Việt Nam under the Ministry of Health has requested a halt to purchases and use of three batches of Human Albumin 20% due to concerns over Creutzfeldt-Jakob disease. The Drug Administration of Vietnam under the Ministry of Health has requested a halt to purchase and use of three batches of Human Albumin 20% on suspicion of Creutzfeldt-Jakob disease. - Photo bnews.vn This medicine is albumin extracted from human plasma and used to stabilise blood circulation, while Creutzfeldt-Jakob disease is a fatal brain disorder that kills 90 per cent of all sufferers within a year of diagnosis. The request followed an announcement from the Economic and Trade Commission, the Delegation of the European Union to Việt Nam and a warning from the Italian Drug Administration and Hungarian National Institute … [Read more...]

The State Bank of Viet Nam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue. Credit institutions in Viet Nam will be classified by using the CAMELS rating system. - Photo baomoi.com According to a draft document the SBV is circulating for opinions, credit institutions to be rated include commercial banks, financial companies, financial leasing firms, co-operative banks and branches of foreign banks. The institutions will be classified in five groups -- A, B, C, D and E -- with A representing the best performing and E the worst. The classification will be made based on quantitative and qualitative criteria. Qualitative criteria will measure the health level of the institutions’ operation through statistics … [Read more...]

Undeniably, fast fashion brands are enjoying great success in one of the two largest cities in Vietnam. However, while they are toasting success, local retailers are stepping back in the game. Fast fashion brands are taking the market by storm, prompting Vietnamese brands to adapt strategies RELATED CONTENTS: French fashion giants ban ultra-thin models Fashion show to honour women of all sizes Domestic brands held at gunpoint by international fashion brands Vietnamese fashion brands lose ground amid foreign arrivals Vietnam leatherware makers make a mark International fashion brands target VN market Garment manufacturers feel pressure from foreign fashion brands Not just a trend As a passionate trend follower, Thuy Linh (26), a PR staff at Le & Brothers Co., Ltd. admits she usually spends … [Read more...]

The APEC Counter-Terrorism Working Group (CTWG) gathered in the framework of the 3rd Senior Officials’ Meeting (SOM3) on August 18 to work on its new five-year strategy for 2018-2022. Looking back on a year fraught with harrowing terrorist activities in developed countries and the APEC region alike, the CTWG’s work is becoming ever more important to pose a unified front and effective counter-measures for the region. In 2017 so far, there has been 971 terrorist attacks claiming 5,561 fatalities (Source: storymaps.esri.com) RELATED CONTENTS: APEC should help SMEs access tech, says PM President urges thorough preparations for APEC Economic Leaders’ Week PM suggests APEC fund … [Read more...]

To sustain growth, Vietnam needs to build a strong industrial backbone with the help of foreign investments. Dr Per Stenius, client director at global professional services firm Reddal’s Seoul office, and Giao Le, business analyst at Reddal’s Helsinki office, discuss how private equity investors can seize opportunities in local industry. Strong FDI but weak local industries In the last 15 years, foreign direct investment (FDI) in Vietnam has grown at 15 per cent every year, as multinational firms relocated their manufacturing bases to Vietnam to take advantage of low-cost labour and government incentives. Vietnam’s growth can be largely attributed to export growth, with a significant impact from the FDI sector, accounting for 70 per cent of total exports. However, heavy reliance on multinational firms for … [Read more...]

PM Phuc appreciated loans, technical assistance, and policy consultancy provided by ADB and valuable assistance that enabled Vietnam to achieve socio-economic development achievements. He hailed ADB for having acknowledged and supporting Vietnam’s economic achievements and noted that the country, though having obtained growth and poverty reduction outcomes, is still facing challenges in sustainable poverty reduction, uneven development, and unforeseeable climate change. The government leader briefed his guest on projects and programnmes using ADB’s loans in 2017-2018 and affirmed that the Vietnamese Government has hastened the Ministry of Planning and Investment, the Finance Ministry and other agencies to fast-track negotiations so Asian Development Fund (ADF) preferential loans could be utilized before the country makes the ADF … [Read more...]

Prime Minister Nguyen Xuan Phuc (R) receives ADB Vice President Stephen Groff on September 19 (Photo: VNA) Hanoi (VNA) – Vietnam always sees the Asian Development Bank (ADB) one of the leading sponsors with important contributions to the country's socio-economic development, Prime Minister Nguyen Xuan Phuc said. He hosted in Hanoi on September 19 Vice President of the ADB Stephen Groff, who is on a working visit to Vietnam. The reception was attended by leaders from some related ministries and sectors.   Groff extended his sympathy with the Vietnamese Government and people over huge losses caused by storm Doksuri. He congratulated the PM and the Vietnamese Government on successfully maintaining the macro-economic stability, promoting economic growth, and reforming State-owned enterprises. PM Phuc told guest that Vietnam is still facing many … [Read more...]

Prime Minister Nguyen Xuan Phuc speaks at the conference (Source: VNA)   Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc stated that Party, State and Government leaders of Vietnam and Laos have always paid special attention to border and territory-related issues between the countries. He was speaking at a conference reviewing the implementation of a master plan on increasing and upgrading Vietnam-Laos border markers in Hanoi on September 19. The PM said before the master plan, only one marker was installed every 10km and even 40km of the border line. There are now 1,002 border markers and more than 2,337 poles standing along the borderline, with most of them lying in mountainous areas having rough terrains. The outcome is of significance as it serves as a foundation to complete a legal dossier for the Vietnam-Laos border line, he said. … [Read more...]

A view of Van Don Island in the north-eastern Quang Ninh Province. (Photo: halongtourvietnam.org) Hanoi (VNS/VNA) - Van Don, a rural district of Quang Ninh province in the northeastern region of Vietnam, may soon see a 5 trillion VND (220 million USD) resort complex. Real estate developer CEO Group has proposed to the provincial People’s Committee its intention to build the SonaSea Dragon Bay complex which will have a total area of 94ha.  This will include a hotel complex of 5,000 rooms, a water park, shopping centres and a shop house, as well as docks and a public beach. The project is expected to take shape during the 2018-22 period. The committee has asked the group to complete its planning and submit a proposal for consideration this month. With this investment plan, the CEO Group will revive the largest tourism project in Van Don, which has been sluggish for the past decade. The … [Read more...]

Prime Minister Nguyen Xuan Phuc (R) welcomes Liu Yunshan, Secretary of the Secretariat of the Communist Party of China Central Committee, on September 19 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan hailed the progress in Vietnam-China cooperation while receiving Liu Yunshan, Secretary of the Secretariat of the Communist Party of China Central Committee, on September 19.  Talking to Liu, who is also a member of China’s Politburo Standing Committee, PM Phuc reiterated that the Vietnamese Party, State and people always attach importance to the traditional friendship and comprehensive strategic cooperative partnership with China. He applauded recent substantive cooperation, especially in investment, trade and tourism, along with China’s expansion of import of Vietnam’s goods and agricultural … [Read more...]