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BUSINESS IN BRIEF 8/7
The 2015
Vietnam Metrology, Tools & Automation (MTA) Show, the largest on
manufacturing solutions in the country, opened in
The 14th
exhibition showcases state-of-the-art products and machines in metal cutting
and shaping and tools for
It
features 10 booths from
Executive
Director of the Japan External Trade Organisation (JETRO) in Ho Chi Minh City
Yasuzumi Hirotaka hailed the development and potential of
This
annual event offers a venue for businesses to seek the latest services and
technologies in precision engineering, machine tools and metalworking.
Several
seminars, including one on the development tendencies of
FDI
to
Additionally,
supplementary capital to 55 valid projects has increased by US$411 million
while newly-licensed levels and supplementary capital for investments have
soared 100% compared to last year’s same period.
It is
worth noting that Empire City Limited Liability Company were licensed to
carry out a US$1.2 billion observation tower complex project at Thu
Thiem new urban area in district No2.
The
company is accelerating the finalization of project implementation
procedures.
Empire
City Limited Liability Company has partnered with two joint stock real estate
companies – Tien Phuoc and Tran Thai – and Denver Power Ltd of the
Hau
Giang calls for investment in agriculture
Authorities
from the
This
policy will be implemented in a bid to promote sustainable development, to
improve the output, quality and value of agricultural products.
Accordingly,
the locality calls for investment in agricultural development projects in the
districts of Long My, Vi Thuy, Chau Thanh, Phung Hiep, Chau Thanh A,
Organisations,
firms and households that invest in livestock breeding , medicinal herb
farming and infrastructure development for processing and preserving
agro-forestry-aquaculture products, will receive investment incentives and
support from the local authorities.
Additionally,
investors will also be assisted in training to improve human resources,
expanding the market, and applying and transferring technologies.
Local
authorities have also focused on simplifying administrative procedures in
order to facilitate investor’s long-term interest in the locality.
Hau
Giang province has budding potential along with favourable conditions to
produce agricultural products and to develop agricultural industry in the
area.
The
locality has 83,000 hectares for rice cultivation and 30,000 hectares to grow
sugar cane and fruit trees.
Businesses
to purchase Lam Dong farm produce
More
than 80 businesses have signed contracts and memoranda of understanding
(MoUs) on cooperation in producing and consuming farm produce in the Central
Highlands
The
contracts and MoUs focus on the consumption of vegetable and fruit
specialties in Da Lat city, including potato, tomato and sweet pepper.
Customers
included companies from
Notably,
Korean-invested Lotte Mart supermarket chain inked several MoUs involving the
supply of Da Lat vegetables and fruits to its supermarkets across the
country.
Lam Dong
now has nearly 40,000 hectares of land dedicated to hi-tech agricultural
production, accounting for 15 percent of the province’s total farming land.
It is
also home to more than 300 enterprises operating in farm produce production
and processing. The export value of agricultural products makes up 80 percent
of the province’s total export turnover.
AIA
The AIA
Vietnam Life Insurance Co. Ltd recently won the award Vietnam Trusted Brand
2015, the third year in a row it received the title, the Lao dong (Labour)
daily reported.
The
title was presented as a result of a survey on reliable products and services
conducted by the Vietnam Standard and Consumers Association and the Nguoi
tieu dung (Consumers) newspaper.
The AIA
Vietnam also secured the Golden Dragon Award of the Vietnam Economic Times
for the ninth year and was among prestigious and quality products and
services selected by consumers for three consecutive years.
Officially
operational in
By the
end of last May, it paid over 1.78 trillion VND (82.79 million USD) in
insurance benefits for nearly 270,000 cases.
Tax
exemptions for many products exported to EEU
Various
Vietnamese products exported to
According
to the Ministry of Industry and
Garment
enterprises buying or importing materials to make products in
For
instance, when the agreement comes into force, apparel imports from
After
every three years, the member states of the agreement will review this
provision and revise it if necessary.
The zero
tax rate will also be applicable to seafood imports from
In
addition, Vietnamese enterprises will be allowed to export 10,000 tons of
rice to EEU members at a 0% tax.
The
agreement will take effect 60 days after the EEU members and
Go-ahead
for new airport triggers property frenzy in southern Vietnam
The
law-making National Assembly’s green light to the construction of
Transactions
for properties in the vicinity of the proposed new airport, work on which is
expected to start in 2018 following a resolution passed by lawmakers last
month, have begun to pick up recently, Duong Thuy Dung, director of the
research and consulting department of the consultancy, said on June 30 during
a conference in Ho Chi Minh City, adding that volumes and value are still
relatively small in comparison with other areas.
With a
vote of 428-17 plus 16 abstentions on June 25, the National Assembly approved
the development of
Although
the project will be implemented in three stages, the resolution only sets a
timeline for the first phase.
By 2025,
the first phase of the airport, consisting of the construction of a runway
and a passenger terminal capable of serving 25 million passengers a year,
must be put into use.
The
second runway and passenger terminal will be built in the next phase, which
has no deadline, to increase the capacity to 50 million passengers per annum.
The
airport will continue to be upgraded to receive 100 million passengers a year
by the last phase.
The
total estimate for the project is VND336.63 trillion, or US$16.03 billion.
The first phase of construction is expected to consume VND114.45 trillion
(US$5.45 billion).
The go-ahead
for Long Thanh construction has warmed up the property market in the
proximity of the site, which had been frozen given the downturn of the
country’s realty market since 2009 and public opposition to the costly
airport, Dung said.
“However,
we are not expecting more lively transactions in the short term, but only in
the medium term in the next 5-6 years,” she said.
Speculators,
rather than investors, will trigger again a frenzy, if any, as they did in
2009, she added.
Dung’s
view has been shared by many local market research and consultant firms like
FPT Securities Company.
The
final approval for the construction of Long Thanh has really breathed fresh
air into the property market of Dong Nai, drawing the attention of many
investors to the stocks of the firms owning land in the area, FPT Securities
said in a report released earlier this week.
According
to analysts at FPT Securities, the proposed Long Thanh airport has positively
helped change the real estate market in the surrounding area since it is adjacent
to District 9 and Thu Duc District of Ho Chi Minh City and a part of Binh
Duong province.
As these
areas will become the southern economic zone’s gateway to the sea, they will
receive strong support from the government when it comes to infrastructure,
which has been planned for the eastern part of
Previously,
real estate products in Dong Nai were mainly industrial land, but now they
are more diversified, such as urban areas, residential projects, resorts,
commercial centers, luxury hotels, and golf courses, drawing both local and
foreign capital inflows, it added.
Many
other projects staying idle for a long time have also been revitalized as
their investors are carrying out financial restructuring and joining hands
with foreign investors.
Garment
firms queue up for TPP tariff incentives
The wave
of investment in
Polytex Far
Eastern Vietnam, a subsidiary of the Far Eastern New Century Corporation
(FENC) from
The
99-hectare project adds to FENC’s existing Apparel Far Eastern garment
production facility established in 2007 in
This
investment is specifically aimed at exploiting business opportunities
presented by the Trans Pacific Partnership (TPP). The upcoming
vertically-integrated production site for yarn, fabrics, dyeing and apparel
aims to meet the TPP’s yarn forward rule.
FENC
expects to invest up to US$320 million in the project, and turn
FENC is
among foreign enterprises ramping up their investments in order to enjoy the
zero tariff rate offered by the TPP.
Meanwhile,
state-run Vietnam Textile and Garment Group (Vinatex) is also pushing its
game to prepare for the potential signing of the TPP. Earlier this year,
Vinatex announced it would invest in more than 30 major projects to develop
supply chain links among its subsidiaries between 2015 and 2017.
The
group recently got permission from Nam Dinh provincial People’s Committee to
build the US$400 million Rang Dong Industrial Park (IP) for integrated
textile and garment supply in the province.
More
than 150 entities from around the globe will showcase their wares in over 200
pavilions at the 2015 Vietnam International Supporting Industries Expo – VSI
Expo 2015 – in
“This
year’s second annual event at the Tan Binh Exhibition & Convention Centre
will focus on the key industries of the city,” said Ms Le Ngoc Dao from the
HCM City Department of Industry and Trade.
We fully
expect over 10,000 products in total will be on display for the general public
and business community to peruse she said – including clothing, textiles,
footwear, electronics, automotive parts, auto assembly and mechanics to name
only a select few.
The expo
offers a great forum, in particular, for Vietnamese businesses to link with
other manufacturers within the region and around the world to expand markets
and access advanced technologies.
US
emerges as biggest export market of Dong Nai
The
The
locality shipped 364 million USD worth of commodities to the
Key
foreign currency earners include footwear, textile and garment, and timber.
Footwear exports rose 21 percent year on year to 567 million USD, accounting
for 29 percent of total exports to the
Iron and
steel, machinery, bags, suitcases, hats and seafood are among other export
products, responsible for around 2-5 percent of the total.
Dong Nai
has established connection with several
Additionally,
Dong Nai Business Association and Made in USA Works have signed a Memorandum
of Understanding for their cooperation.
Chris
Neeley from Made in USA Works said it requires local enterprises to have
fairly large capital to produce high-quality goods at reasonable cost and
with higher productivity, in order to make inroad into the
The
Nearly
130 mln USD invested in Thua Thien-Hue IZs
The
central
So far,
local industrial zones have had 97 investment projects, of which 23 are FDI
ones, totaling over 22 trillion VND (1.01 billion USD).
To
achieve these results, the locality has carried out a lot of activities to
attract investments.
In late
May, the management board of industrial zones held an investment promotion
conference in the southern region, which drew representatives from 25
investors, businesses and associations in
Thanks
to the event, additional eight investors signed memoranda of understanding on
cooperation.
Businesses
in the province have enjoyed effective operation, especially those operating
in tourism, food processing, cement, and garment and textiles.
The invested
projects have helped increase production capacity, speed up technological
renovation, improve the management capacity, and reduce imported products.
According
to the industrial zone management board, during January-June, the total
revenue of businesses in industrial zones reached more than 7.37 trillion VND
(339 million USD), up 31.4 percent year-on-year. Their export turnover was
238 million USD, a 30-percent rise, and State budget collection was 845
billion VND (38.87 million USD), up 41 percent.
The
industrial zones also generated jobs for over 17,800 labourers, up 8.9
percent against the same period last year.
Government
works to create trust among businesses
The
Government is pushing ahead with a programme on institutional and
administrative reform in accord with its own Resolution 19/NQ-CP on improving
business environment and national competitiveness.
The move
has won trust among businesses both domestic and foreign, but much remains to
be done.
According
to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien
Loc, a VCCI survey in April showed 46 percent of domestic private companies
and 50 percent of foreign direct investment ones planned to expand operation
in
The
resolution was also hailed at the mid-term Vietnam Business Forum.
Resolution
19 stipulates specific performance indicators to measure the efficiency of
services delivery, including tax payment procedures, access to electricity,
intellectual property protection, rights of investors and minority
shareholders in line with the international standards and equality and
transparency in credit access.
The
Central Institute for Economics Management (CIEM) said remarkable progress
has been made in the field of start-up business last year, citing the Law on
Enterprises in 2014 helped reduce the registration time for business licences
to three days – half of the set target of six days.
The VCCI
survey also showed up to 70 percent of businesses said they are satisfied
with the tax sector’s administrative reform.
Apart
from positive outcomes, there are shortcomings in the field.
The
Resolution requires that ministries, agencies and localities must issue plans
of action to realise 13 missions outlined in the Resolution before April 30.
However, by June 17, the Ministry of Planning and Investment received action
plans from only 11 ministries, agencies, and 11 municipal and provincial
People’s Committees. This means 14 ministries, agencies and 52 provincial and
municipal People’s Committees have yet mapped out plans.
Foreign
businesses still have reservation about the changes.
According
to the European Chamber of Commerce (EuroCham)’s regular survey conducted just
before the mid-term Vietnam Business Forum, a mere 21 percent of respondents
said they are confident that changes in the new Law on Enterprises and Law on
Investment will benefit their operation, while 41 percent of the surveyed
companies said they have not fully understand the details of the new laws.
Investors
suggested decrees guiding the implementation of the aforesaid laws be soon
issued, adding that the requirement of having both business and investment
registration licences has raised difficulties for foreign investors.
Regarding
the electricity access, tax and social insurance payment criteria,
Nghe
An province shapes up livestock farming
The
central
According
to the provincial Department of Agriculture and Rural Development, Nghe An
currently records about 708,500 heads of buffalos and cows, up 6.37 percent
year-on-year. Meanwhile, pig breeding falls 2.7 percent to nearly 948,300.
It was
due to frequent swine epidemic diseases, higher feeding costs and decreasing
pork prices, leading to less profits for farmers.
The
province also called upon firms to engage in animal husbandry that also
guarantees consumption.
In Nghia
Dan district, TH Group has developed a beef cattle farm, the largest-ever in
Pilot
regulations for
Attendees
to a seminar in the Mekong Delta city of Can Tho on July 6 gave their
feedback on pilot regulations for coordinating regional socio-economic
development for 2016-2010, which stay on pillars of sustainable farming
development and improved farmer resilience against climate change.
The
draft regulations, which are to be submitted to the Prime Minister for
approval, cover four chapters and 19 articles, aim to rally resources and
play to strengths of 13 regional localities amid changing climate patterns.
Farming
production will focus on value chains of producing rice, fruits, shrimps and
tra fish while connecting links to expand markets and popularise brands,
enhance farmers’ capacity and improving their livelihoods.
To get
farmers adapted to climate change, transport infrastructure will undergo
upgrade, especially those used for roads, waterway, seaports and aviation.
In the
meantime, irrigation system will be improved in order to control water
salinity whereas sea embankment and coastal ecological system be reinforced.
The 13
Mekong Delta localities include Long An, Tien Giang, Ben Tre, Tra Vinh, Vinh
Long, Dong Thap, An Giang, Kien Giang, Ca Mau, Bac Lieu, Hau Giang, Soc Trang
and Can Tho.
Vietnamese
businesses updated on Vietnam-EAEU FTA
Vietnamese
businesses operating in Russia were updated on the Free Trade Agreement (FTA)
between Vietnam and the Eurasian Economic Union (EAEU) at a recent conference
in Moscow.
At the
July 4 event, which was co-hosted by the Vietnamese Embassy and the Vietnam
Business Association in Russia (VBA), Trade Counsellor at the Embassy Pham
Quang Niem introduced the FTA’s main contents, pointing out that the FTA will
open up large markets for Vietnamese exports, such as garments, footwear,
wooden and agro-fishery products.
According
to Niem, the goal of US$10-12 billion in two-way trade between Vietnam and
Russia is reasonable.
Meanwhile,
Ambassador Nguyen Thanh Son urged the Vietnamese businesses in Russia to
grasp the opportunities created by the FTA.
On the
occasion, participants discussed concerns related to the implementation of
the trade agreement.
The
organising board also drew up a detailed document about the FTA comprising 31
most common questions and answers, to be circulated among the Russian-based
businesses.
HCM City Party chief pledges more support for
businesses
The
government of HCMC will focus more on solving shortages of capital and
problems with market access for enterprises in the final half of the year,
said the city’s Party chief Le Thanh Hai.
Speaking
at the closing of the 24th meeting of the HCMC Party Committee last week, Hai
said the local government would support enterprises to sell products and find
capital for their production toward the year-end.
The city
government will create more opportunities for private firms to invest in
various sectors and mobilize capital from different sources to increase
development investments. The city will further tap its strengths in services,
retail, tourism, banking and finance and urban agriculture to fuel its
economic growth.
Hai told
agencies to work harder to achieve socio-economic targets this year.
Hai said
the city’s economy expanded 8.55% in the first half, the highest first-half
growth in three years. Services sector grew higher than agriculture, industry
and construction.
Total
retail sales of goods and services in the city picked up 10.2% in the period
while industrial production inched up 6.5%.
Though
HCMC posted high economic growth in the period, there were still problems.
Exports fell by 6.3% year-on-year to nearly US$14.6 billion due mainly to the
oil price decline.
Agro-aqua-forestry
products, which account for nearly 20% of the city’s export turnover,
declined by almost 10% year-on-year due to falling rice exports.
The city
exported 339,000 tons of rice in the period, plummeting 73% in volume and 38%
in value.
GEM
to invest US$20 million in realty firm
Investment
fund Global Emerging Market (GEM) has clinched an agreement to spend nearly
VND440 billion (US$20 million) buying shares of Hoang Quan
Consulting-Trading-Service Real Estate Corporation (HQC) over 30 months
starting from July 1.
The
investment of GEM in the Vietnamese property enterprise has been announced on
the websites of the State Securities Commission of Vietnam (SSC) and the
Hochiminh Stock Exchange (HOSE).
Within
the framework of an investment promotion conference organized by the Ministry
of Finance in New York City, HQC chairman Truong Anh Tuan and GEM president
and chief executive officer Christopher Brown inked the investment deal with
representatives of the ministry, SSC and HOSE witnessing.
Brown
said the investment fund has watched HQC’s business activities for a long
time, particularly after the property developer unveiled its strategy to
develop social housing projects as this segment is expected to see stronger
growth in the future.
Tuan
told the deal with GEM is a business highlight for HQC in particular and
other listed enterprises in general in attracting foreign direct investment.
HQC will use the fund to implement its social housing projects.
GEM is
the third foreign partner of HQC’s housing projects over the past 12 months
after South Korea’s LG and Hyundai.
Earlier,
Tuan said HQC would concentrate resources on developing social housing
projects and look to obtain revenue of VND1.6 trillion from this segment this
year.
GEM is
now managing total assets of US$3.4 billion and has successfully made 305
transactions in over 65 countries.
GEM’s
sub-investment funds include CITIC/GEM Fund, VC Bank/GEM Mena Fund,
Kinderhook, GEM Global Yield Fund, GEM India Advisors and Brazil PE Fund.
Vissan
opens food processing plant in Bac Ninh Province
Vietnam
Meat Industries Limited Company (Vissan) has recently inaugurated a food
processing plant in Tien Son Industrial Zone in the northern province of Bac
Ninh.
The
plant was built on an area of 5,000 s.q meters with a total investment of
VND70 billion. It has a capacity of 20,000 tons of processed food per annum.
The plant’s main works include a cold storage system to stockpile materials
and end-products, production area, and infrastructure and facilities for
production.
Van Duc
Muoi, CEO of Vissan, said that the North of Vietnam has a population of more
than 32 million people, with the launching of its plant in Bac Ninh Province,
Vissan will be able to produce various products that fit each locality’s
palate. Especially, when the plant comes into operation, it will help to
timely supply products to rural and remote areas, reduce transport duration,
carry out production planning to timely supply for distributors and regional
retail network.
The
plant is a part of Vissan’s development strategy in the period of 2015-2020
in Vietnam in general and in the northern market in particular, aiming to
improve its food supply capacity.
150
enterprises to join VSI Expo 2015
Within
the framework of the 2015 National Trade Promotion Program, the second
Vietnam International Supporting Industries Exhibition (VSI Expo 2015) will
take place at Tan Binh Exhibition and Convention Center (TBECC) in Ho Chi
Minh City on August 27- 30, announced Department of Ho Chi Minh City Industry
and Trade.
At this
year’s exhibition, the best products in the fields of textile and garment,
footwear, electronics and informatics, automotive production, mechanic, and
high-tech supporting industries will be on display.
Attending
in the event, businessmen will be presented supporting policies from the 2015
National Trade Promotion Program.
The
second VSI Expo 2015 is aimed to create advantaged opportunity for Vietnamese
businessmen to not only popularize their high-tech supporting products to
partners at home and aboard but also attract further foreign investment
sources.
More
than 150 domestic enterprises with 10,000 products have registered to join
this year’s VSI Expo.
GE
Vietnam & Cambodia has new CEO
US-based
energy giant GE officially announced today the appointment of Pham Hong Son,
country manager, Renewable Energy, GE Power & Water as the new CEO of GE
Vietnam & Cambodia, driving the company’s local growth.
In his
new role, Son will be responsible for growing GE’s businesses in Vietnam and
developing a strategy to advance the company’s broader mission and objective
in the country.
He will
also be responsible for overseeing the company’s operations to ensure its
compliance and quality is in line with local regulations.
“As
one of the first US companies to enter Vietnam, GE is contributing to the
economic and social development of the country over the last 20 years, and I
personally couldn’t be more honoured to have been chosen to take this leading
role,” said Son.
“With
trust from GE leaders and support from colleagues, I will try my best to
consolidate GE’s presence and drive GE’s commercial growth initiatives in
Vietnam and Cambodia market. I look forward to embarking this new journey
with the whole GE team,” Son added.
GE is in
the people business where the employees are nurtured and developed to become
the next generation of leaders. GE spends $1 billion a year on human
resources training and development to ensure that talent grows within the
company while offering partners and customers the opportunity to achieve the
same.
During
its 20 years of business in Vietnam (since 1993), GE has always shown its
confidence and strong investment in developing local talents. All management
positions are being held by Vietnamese and Son’s promotion is another
concrete sign of GE’s continued localisation strategy.
Son
joined GE Vietnam in January 2010 as market development manager and held this
position for the last five years, supporting and driving business growth
initiatives in Vietnam, building and strengthening government and industry
relations and enhancing the brand awareness of GE in the country.
He was
recently promoted as country manager, Renewable Energy, GE Power & Water,
responsible for growth of GE’s wind business. In this role, Son has been
working closely with different government agencies of Vietnam and US and
multilateral bodies to support, advocate, and develop the new market – wind
energy- for GE.
Prior to
GE, Son spent over 10 years in spearheading sales and marketing in several
foreign companies for various industries, such as oil & gas, power, pulp
& paper, fertiliser and chemical industries. Son holds a Bachelors’
degree in Industrial Automation and a Masters’ degree in Science from Hanoi
University of Technology, Vietnam.
VNPT,
Saigon Co.op ink deal
The Viet
Nam Post and Telecommunications Group (VNPT) and the Saigon Union of Trading
Co-operatives (Saigon Co.op) have signed a comprehensive strategic
cooperation agreement to provide more benefits to local consumers.
The
agreement aims at using their business networks and improving the competitive
capacity of each side.
As
planned, starting from August 1, mutual customers of the two companies will
be offered preferential rates for VNPT's telecommunication services such as
MegaVNN, MyTV, IPTV and VnEdu, and will receive discounts as well as Tet and
birthday gifts at Co.opmart and Co.opXtra.
VNPT has
38 million active subscribers, while Saigon Co.op serves 300,000 customers a
day throughout its retail network.
VN
seeks stronger Guangdong ties
Deputy Industry
and Trade Minister Tran Tuan Anh highlighted the importance of Guangdong
Province as a large market for Viet Nam's rice and agricultural products as
well as exports.
He said
the province consumed 11.5 per cent of Viet Nam's total rice and grain exports
to China.
He was
speaking at a conference on Viet Nam-China rice and farm produce trade in
Guangzhou City in China's Guangdong Province last week.
Anh said
there should be closer co-operation between his ministry and Guangdong's
government as well as food associations and businesses of both sides, in
order to boost trade between Viet Nam and Guangdong, especially in rice and
agricultural products.
Meanwhile,
Guangdong Vice-Governor Zhao Yufang said there was room for co-operation
between Viet Nam, a country with great advantages in agricultural production,
and the more than 100-million-strong Guangdong Province, especially in rice
trade.
She said
the provincial government would continue to collaborate with Viet Nam's
ministries of industry and trade, and agriculture and rural development in
creating new playgrounds for business communities of both sides and enhancing
bilateral trade ties.
During
the conference, leaders of the Viet Nam Food Association briefed more than
100 leading Chinese agricultural firms about Viet Nam's rice production and
export as well as competitiveness.
On his
part, the head of the Guangdong Food Association spoke about the province's
need for agricultural products, especially rice, and expressed willingness to
set up an affiliation mechanism between the two associations and act as a
bridge for business circles of both sides.
Earlier,
Deputy Minister Anh had a working session with Guangdong Vice-Governor Zhao
Yufang on measures to foster economic and trade partnership between Viet Nam
and Guangdong.
Anh and
the Vietnamese delegation also visited a number of major rice and
agricultural product distribution facilities, storages and processing
factories in Guangdong.
According
to statistics from the Viet Nam General Department of Customs, last year,
trade between Viet Nam and China reached US$58.7 billion, up 17.05 per cent
over the previous year. As of May this year, the figure was $26 billion, a
rise of 14.7 per cent over that of 2014.
At the
same time, Guangzhou Customs' statistics show that in the first four months
of this year, trade between Viet Nam and Guangdong hit $4.44 billion, an
increase of 10.6 per cent year on year.
Vinmec
becomes first JCI-accredited general hospital
Vinmec
International Hospital in Hanoi last week became the first Vietnamese general
hospital to receive the Joint Commission International Accreditation.
The
Joint Commission International (JCI) Accreditation, which contains 285
standards and 1,160 measurable elements, is recognised in more than 90
countries in the world. Vinmec’s accreditation, which puts the hospital on
the same rank as 767 other medical institutions in the world, is a
recognition of the hospital’s effort in providing high quality healthcare to
its patients. It also ensures patients checking into Vinmec receive the
highest standard of treatment as well as respect and protection of rights.
Speaking
at the accreditation ceremony, Dr. Prabhu Vinayagam, managing director of
JCI’s Asia-Pacific Office, said he was impressed by Vinmec’s efforts “but the
main challenge is to continuously improve.”
“To
ensure the quality of the hospital and the safety of patients is the
responsibility of each employee. I wish Vinmec success in its journey to
improve this quality,” he said.
In 2013,
the Ministry of Health issued a set of standards to manage the quality of
hospitals that includes 83 criteria on the quality of healthcare services
with the aim to encourage Vietnamese hospitals to raise their capacity as
well as improve patient care. In 2014, Vinmec earned very high scores, an
average of 4.81/5, in all criteria, and is one of the top performers.
“Receiving
JCI’s accreditation is a landmark in the development of Vinmec and a
reflection of the effort of the leaders, doctors and all the employees of the
hospital,” said Deputy Minister of Health Nguyen Thi Xuyen.
“Vinmec
Hanoi aims to become a leading healthcare destination in the region and the
world, standing on the same rank as prestigious international hospitals.
Vietnamese will have peace of mind when receiving treatment right in their
home country instead of having to go to another country to do so,” said Dr.
Nguyen Thanh Liem, CEO of Vinmec.
Vinmec
Hanoi, which opened in January 2012, was developed by Hanoi South Urban
Development JSC (an affiliate of Vincom JSC – a member of Vietnam’s leading
property developer Vingroup) and is the first hospital in the Vinmec
healthcare system to start operation.
On June
19 this year, the second Vinmec hospital, Vinmec Phu Quoc, opened in Phu Quoc
island. Over the next five years Vinmec plans to have nine more hospitals
nationwide with one each in Ho Chi Minh City and Nha Trang slated to start
operations later this year. Vinmec has also developed a medical university
that would start admitting students in 2016.
JCI, the
oldest and largest standards-setting and accrediting body in healthcare in
the US, identifies, measures, and shares best practices in quality and
patient safety with the world. JCI works with hospitals and other health care
organisations, health systems, government ministries, public health agencies,
academic institutions, and businesses to help them achieve peak performance
in patient care and provides solutions to help health care organisations
across all settings improve performance and outcomes.
Minister inspects litchi irradiation establishment
upgrading progress
Minister
of Agriculture and Rural Development Cao Duc Phat yesterday led a delegation
to inspect upgrading progress of the first irradiation establishment in the
northern region in Hanoi.
The establishment
located at the Hanoi Irradiation Center is being upgraded to meet demand of
litchi and longan exporters who have to transport the fruits to two
irradiation centers in the southern region for treatment.
After
completion, the establishment will better treat litchi and longan to meet
food hygiene and quality standards of import markets such as the U.S. and
Australia.
The line
will be able to irradiate 20-30 tons of litchi or longan a day.
Investment
capital for the establishment totals VND30 billion (US$1.38 million), said
Hanoi Irradiation Center director Dang Quang Thieu.
Besides
the establishment, the center plans to build a cold storage system to
preserve the fruits after irradiation preventing bacteria contamination but
faces short of fund.
Minister
Phat said that he would talk to Minister of Science and Technology and
relevant ministers next week to give the center with financial assistance
this year.
It is
costly for export companies to transport farm produce from the northern
region to two irradiation centers in the southern region.
Northern
Europe needs quality products, firms told
Product
quality is the key to the North European market, including Finland, trade
experts told businesses at a workshop in HCM City late last week.
In
addition, it is advisable for Vietnamese businesses to make full use of the
European Union's Generalised System of Preferences as most domestic exporters
lack a thorough understanding of the system.
The
bilateral trade between Viet Nam and Northern Europe has yet to exceed the
US$1 billion mark as there are shortcomings in trade promotional activities.
According
to Nguyen Tuan Hai, Deputy head of the VCCI's Department of International
Relations, Vietnamese exports have great potential in Northern European
countries as they have huge demands for farm and aquatic produce.
However,
Le Ky Anh, Economics and Trade Officer of the Delegation of the European
Union to Viet Nam, said these countries, including Finland, are choosy
markets that have many strict demands for quality, food safety, and hygiene,
together with environmental protection and green growth standards, including
those related to women or child workers.
He
stressed that businesses should be more proactive in improving their product
quality and market study.
Deputy
head of the Economics and Trade Section at the Delegation of the European
Union to Viet Nam Jana Herceg noted that the up-and-coming Free Trade
Agreement (FTA) between the European Union and Viet Nam is expected to exert
strong impacts not only on trade but also on foreign investment interests,
technological transfer, economic reforms, and restructuring.
In order
to optimise the benefits of the deal, Viet Nam should make good preparations
and adopt specific strategies to integrate into the global economy, she
recommended.
With
commitments made on many key issues, the two sides recently concluded the 7th
round of negotiation on the bilateral FTA.
Under
the Viet Nam-European Union trade pact, 95 per cent of the tax line will be
reduced and a free trade zone will be established.
The
workshop was held by the Viet Nam Chamber of Commerce and Industry, the
Finnish Embassy in Viet Nam, and the Finnish Ministry of Foreign Affairs'
Finnpartnership programme, with a goal to promote the trade between Viet Nam
and Northern Europe.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Tư, 8 tháng 7, 2015
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