In the last decade .their investments in Vietnam swelled by an average of 13 percent a year. By the end of last year their total investment was only around $13 billion, not enough to put Thailand in the top five list, but still managed to have large market shares in several sectors by concentrating their investment in a handful of sectors. In the retail sector, some leading supermarket chains are controlled by two Thai companies, Central Group and TCC Group. Central Group, Thailand’s leading retailer, which belongs to the Chirathivat family, started off in Vietnam as a fashion merchandiser in 2012, distributing products from brands such as SuperSports, Crocs and New Balance. In 2015, it acquired a 49 percent stake in electronics retailer Nguyen Kim through its subsidiary Power Buy. In the same year, it bought out supermarket chain Lan Chi, which operates mainly in northern rural areas. In 2016, it bought supermarket chain Big C Vietnam from France's Casino Group for over $1 … [Read more...] about Which sectors in Vietnam are dominated by Thai companies?
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The Hanoitimes - Test results have shown that at least five out of 20 Indonesian sailors have tested positive for SARS-CoV-2 and one suspected case. Five Indonesian sailors aboard Ocean Amazing ship that is anchored off Vietnam’s southern province of Ba Ria-Vung Tau have tested positive for the novel coronavirus, according to the provincial Steering Board for Covid-19 Prevention and Control. Foreign sailors are tested Covid-19 upon entry into Vietnam in December, 2020. Photo: Dong Ha In the steering board’s report, the foreign ship has been on the way to deliver commodities from Indonesia since February 20. When it went across Vietnam’s waters, one of the sailors on the ship died due to an unidentified non-health-related issue. The Vung Tau province's Center for Disease Control (CDC) in coordination with related agencies have taken samples for the remaining 20 sailors on board in the first test for the novel coronavirus. Test results have shown that at … [Read more...] about Five Indonesian sailors anchored in Vietnam water positive for Covid-19
The Hanoitimes - Phones and parts posted the largest export turnover among export items during January with US$6.1 billion, up US$3.4 billion against the same period of last year. Vietnam recorded a trade surplus of US$2.09 billion in the first month of 2021, which remained a stark contrast from a deficit of US$300 million in the same period last year, according to the General Department of Vietnam Customs (GDVC). Production for exports at Garment 10 Company. Photo: Pham Hung. In January, the country’s trade turnover stood at US$55 billion, representing an increase of 48.2% year-on-year, in which exports rose by 55.1% to US$28.55 billion and imports by 41.3% to US$7.74 billion. According to the GDVC, foreign-invested sector posted a trade surplus of US$3.98 billion during the period, coming on the back of a 70% surge in exports year-on-year to US$21.57 billion, or over 75% of the country’s total export turnover. Phones and parts posted the largest export … [Read more...] about Vietnam trade surplus surges to US$2.09 billion in January
The vaccine was jointly studied and produced by AstraZeneca pharmaceutical company and the UK’s Oxford University. Deputy Health Minister Truong Quoc Cuong highlighted the significance of the vaccine delivery at a time when the COVID-19 pandemic is erupting in Hai Duong, Hai Phong and Quang Ninh. With the delivery, Vietnam has become one of the first countries in Asia to access a prestigious vaccine in the world. In order to achieve the dual goal of fighting the pandemic and developing the economy, it is necessary to increase vaccination to reach community immunity, he said. Apart from stepping up the trial and production of vaccines at home, the Health Ministry is working to import more vaccines from other producers as directed by the Government while preparing for vaccination in the priority list, he added. Vu Thu Ha, Director of the Vietnam Vaccine JSC (VNVC) – importer of the vaccine, said the batch will be brought to the VNVC’s super cold facilities for storage in line … [Read more...] about First batch of COVID-19 vaccines arrives in Vietnam
The groups include health professionals, the pandemic prevention and fight task force (members of steering committees, people working in quarantining areas, reporters and others), diplomats, and customs and immigration staffs, military personnel, police force, teachers, and the elderly aged over 65. Others include those working to maintain the supply of essential services such as aviation, transportation, tourism, electricity and water supply, as well as people with chronic diseases,people going abroad on a mission, to work, or study, and those in pandemic-hit areas. The Ministry of Health (MoH) has announced the plan on the reception, preservation, distribution, and use of COVID-19 vaccines during 2021-2022 with the support of the COVAX Facility – the global procurement mechanism of COVAX. Vietnam aims to have 80 per cent of its population get vaccinated against COVID-19. However, due to the limited supply, the rate can hit 20 per cent in 2021-2022. COVAX is co-led by the … [Read more...] about 11 priority groups eligible to first COVID-19 vaccination in Vietnam