Foreign investors are seeing great prospects in Vietnam Foreign investor Foxconn Singapore Pte., Ltd. has recently decided to pour an additional $23 million into the Fukang Technology Factory in the northern province of Bac Ninh, bringing the total investment capital of this project to $293 million. The project was granted investment licenses in mid-January. Foxconn is recruiting 1,000 electronic assembly workers for its factories in Vietnam. Workers will work at the industrial parks (IP) of Dinh Tram, Quang Chau, and Van Trung in Bac Giang and Que Vo IP in Bac Ninh. Besides, the company is recruiting 14 supplier quality engineers. According to Zhuo Xianhong, general director of Foxconn in Vietnam, the Taiwanese electronics contract manufacturer has invested $1.5 billion in Vietnam, including $900 million in the northern province of Bac Giang alone, creating jobs for over 35,000 local workers. It aims to pour an additional $700 million and create 10,000 jobs in the country … [Read more...] about Foreign investors remain upbeat about Vietnamese market
Permit for foreign experts working in china
Climate pledges for 2030 put world far off 1.5C goal, UN warns
A U.N. report summarizing the revised climate action plans - covering about 40 percent of countries in the 2015 Paris Agreement and 30 percent of planet-heating emissions - said they would deliver a combined emissions reduction of only 0.5 percent from 2010 levels by 2030. "That simply is not good enough," said Patricia Espinosa, urging governments - including those that have already updated their plans - to come up with larger promised cuts before COP26. The Intergovernmental Panel on Climate Change has said global emissions must fall by about 45 percent by 2030 from 2010 levels to give the world a good chance of limiting the rise in average temperatures to 1.5 degrees Celsius above pre-industrial times. Under the Paris accord, nearly 200 countries pledged to keep warming to "well below" 2C, and strive for a ceiling of 1.5C. So far, the planet has heated up by about 1.2C, bringing worsening extreme weather and rising seas. Espinosa said the synthesis report made clear … [Read more...] about Climate pledges for 2030 put world far off 1.5C goal, UN warns
VIETNAM NEWS HEADLINES FEB. 25
Buddhists pray online due to COVID-19 outbreak Blood shortage warned as donations postponed due to COVID-19 outbreaks The resurgence of the COVID-19 pandemic in many cities and provinces in recent weeks has seriously affected the blood supply for medical treatment. Although many people and organisations responded to the call of blood donation by the National Institute of Hematology and Blood Transfusion (NIHBT) on February 19, the amount of blood received per day was still only a few hundred units while the average need for treatment each day is from 1,200 to 1,500 units. There is usually a shortage of blood during the Tết (Lunar New Year) holiday as the holiday lasts long while blood has a short shelf life and many patients still need blood transfusions during Tết. This year, the pandemic's resurgence has made the shortage after Tết even worse. Before Tết, 30 entities requested to postpone or cancel blood donation plans which meant the NIHBT missed out on … [Read more...] about VIETNAM NEWS HEADLINES FEB. 25
Mutual merit in Australian investment
Dr. Craig Emerson, director of the Australian APEC Study Centre Vietnam’s success in containing COVID-19 with minimal economic fallout compared to other nations has improved its already-strong reputation for competent governance. The government has been liberalising Vietnam’s economy for decades and is now reaping the benefits of rapid growth. Vietnam has stood to gain from the recent US-China trade conflict with many companies relocating at least some of their production facilities there. Vietnam is also rapidly adopting digital technologies to deploy automation, smart manufacturing, and big data analytics. Competent economic management, consistent reforms, swift digital uptake, and effective COVID-19 containment make Vietnam a very attractive destination for trade and investment in 2021 and beyond. Economically, Vietnam is becoming a manufacturing powerhouse, particularly for electronics and apparel. It is also becoming a focal point for regional value chains with … [Read more...] about Mutual merit in Australian investment
Leverage of funding models imperative for health sector
Hospitals have gained in recent years thanks to improved facilities and more strategic partnerships Nipro Pharma Corporation – Japan’s biggest prescription drug contract manufacturer – has nearly completed procedures to increase investment capital by about $270 million to enlarge its facility at Saigon High-tech Park (SHTP) in Ho Chi Minh City so as to increase production volume. “The procedure completion is expected in the next few weeks, thus increasing Nipro Pharma’s total investment there to $570 million,” a SHTP representative told VIR. “Nipro has performed well since it began investment in the park in 2016.” Nipro Pharma is among the Japanese investors which have strong interest in Vietnam’s healthcare sector. Many more are expanding to and in Vietnam, according to the Japan External Trade Organization. Together with Japan, South Korea and the EU also have more sights set on the lucrative local market. Positive signals The healthcare sector has welcomed new … [Read more...] about Leverage of funding models imperative for health sector