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HCM City eyes 10 percent growth in export in 2021 Shrimps processed for export Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 25

An increasing number of hospitals in Vietnam are adding robotic surgery to their medical arsenal, hoping the extra set of mechanical hands will help give their patients some much needed relief. Robotic surgery, computer-assisted surgery, and robot-assisted surgery are terms for technological developments that use robotic systems to aid in surgical procedures. In 2014, the Vietnam National Children’s Hospital in Hanoi was the first to deploy the U.S.-made DaVinci surgery system for children's endoscopic operations. Between 2016 and 2017, more modern versions of the DaVinci robot began appearing at Binh Dan Hospital and Cho Ray Hospital, both located in Ho Chi Minh City, as well as at Bach Mai Hospital in Hanoi. Dr. Pham Gia Hien, head of the pediatric neurosurgery center of Vietnam National Children’s Hospital, stressed that this type of technology, despite its astronomical cost, is the future of surgery. A wonder tool for surgeons In February 2019, the People's Hospital … [Read more...] about Robot-assisted surgery trending in Vietnam’s major cities

Accordingly, China remained the world's leading emerging logistics market followed by India, while Indonesia ranked in third position. Qatar and Turkey ranked behind Vietnam in 9th and 10th position. Among ASEAN countries, Indonesia ranked third, Malaysia ranked fifth, Vietnam ranked 8th, Thailand ranked 11th, Philippines ranked 21st and Cambodia 41st. Vietnam’s handling of the Covid-19 pandemic has been one of the most successful globally. “The steps taken by Vietnam in 2020 have propelled it into the top 10 ranking in 2021 – its rise of three positions to 8th is the fastest ever in the top half of the Index and has displaced regional partner Thailand in the top 10.”, Agility wrote. The report added that in recent years, Vietnam has added significant hi-tech manufacturing capacity, helping attract investment from producers higher up the value chain as costs in China increase. Avoiding additional costs associated with the US-China trade war has added further motivation for … [Read more...] about Vietnam listed among world’s top 10 emerging logistics markets

The FDI capital includes newly registered capital, supplemented capital, share purchasing and the capital contributions of foreign investors during the ten-month period. In the January-October period, a total of US$15.8 billion worth of FDI was disbursed, equivalent to 97.5% of the corresponding period in 2019. About 2,100 new FDI projects were licensed during the period with a total registered capital of US$11.66 billion, down 32.1% and 9.1% in terms of the number of projects and volume of capital during the same period last year. As many as 109 countries and territories invested in Vietnam with Singapore being the leading investor, having poured US$7.51 billion into Vietnam, accounting for 31.9% of total FDI capital in Vietnam. The Republic of Korea was the runner-up with US$3.42 billion, accounting for 14.6% of the total FDI capital in Vietnam while China came in third. Investors injected finance into 18 areas with 45.7% of total capital invested in the manufacturing … [Read more...] about Vietnam attracts US$23.48 billion in FDI in ten months

Accordingly, Vietnam continued to hold 42nd position out of 131 economies in the annual report (ranked 42 out of 129 economies in 2019). Thanks to the ranking, Vietnam is first amongst a group of 29 lower-middle income economies, third in Southeast Asia, behind Singapore and Malaysia, and ninth in Asia Pacific. According to the assessment, Vietnam was hailed in its market and business sophistication, of which its ranking in the index on market capitalisation of listed companies (% of GDP) was up nine places in 2019, climbing nine places in 2020 and exceeding the target set by the Government in Resolution 02/2019/NQ-CP dated January 1, 2019 on the continuation of the main tasks and solutions to improve the business environment and enhance national competitiveness in 2019 towards 2021. Specifically, in the resolution, the Government has set the target of raising the ranking of the stock market capitalisation index by 10-15 steps, climbing at least five steps in 2019 alone. … [Read more...] about Vietnam’s capitalisation index climbs nine places in GII 2020 report