Wednesday, January 10, 2007
Vietnam produces only 5% modern medical equipment
| VNECONOMY updated: 21/12/2006 | ||
Vietnam has produced 621 kinds of medical equipment so far, but only 5% of it is modern. The information was released at the medical equipment meeting recently held in Hanoi to discuss the implementation of the national strategies on medical equipment development after WTO accession. So far, the whole country has 56 medical equipment producing units with legal licences including 27 private and joint stock companies, 10 state-owned enterprises and 12 joint venture companies or companies receiving foreign investment. The 621 kinds of medical equipment produced by Vietnam are mainly instruments used in hospital interiors, surgery rooms and other advanced electronic devices. However, the percentage of modern pieces of equipment stands at only 5%. This includes physiotherapy machines, functional rehabilitation machines, electrical surgery knives. Additionally, the quality and durability of these products are much lower compared to imported ones. In the 2007-2010 periods, the Ministry of Health will implement a project titled “Research and Development of Medical Equipment in Vietnam by 2010”. This projects aims at expanding the manufacturing of common equipment to be able to meet 60% of the country’s demand for medical instruments by 2010 as well as minimise the number of imported medical machines. | ||
Source: VietnamNet |
Viet Nam lures Chinese investors
| VNECONOMY updated: 08/01/2007 | ||
Representatives of more than 430 Chinese businesses and industrial associations in Guangzhou, capital of China’s Guangdong province, took part on Jan.5, in a conference for promoting Chinese investment in Viet Nam. The conference introducing Viet Nam’s investment environment was organized by the Vietnamese Ministry of Investment and Planning in coordination with the country’s consulate general in Guangzhou. Participants at the event were updated about Viet Nam’s investment environment and its preferential policies designed to attract foreign investments. According to Viet Nam’s Consul General to Guangzhou, Vo Thinh, China is Viet Nam’s big market, with two-way trade turnover of US$10 billion in 2006. As of November 2006, China had 402 investment projects in Viet Nam, making up a combined registered capital of US$825 million. | ||
Source: Vietnam Agency |
ACB records 77 percent rise in pre-tax profit
| VNECONOMY updated: 10/01/2007 | ||
The Asia Commercial Bank (ACB) has reported a pre-tax profit of 682. 4 billion VND (roughly 42.7 million USD) in 2006, up 77.2 percent over the previous year. During that year, ACB mobilised nearly 39.5 trillion VND (2.5 billion USD) and provided loans worth more than 17.1 trillion VND (1.1 billion USD), year-on-year increases of 77 percent and 79 percent, respectively. The bank had nearly 44.9 trillion VND (around 2.8 billion USD) in total assets by the end of 2006, up 85 percent against 2005. Each of ACB shareholders is expected to earn a dividend of 38 percent in the year, including 8 percent in cash and 30 percent in shares. | ||
Source: Vietnam Agency |
Contrary to the gloomy situation in the first month last year, the Ho Chi Minh City stock exchange rebounded last week, with VN-Index level exceeding
| VNECONOMY updated: 09/01/2007 | ||
According to the Mr. Trieu Dinh Phu, Director of the Hanoi Planning and Investment department, Hanoi plans to attract more than 200 projects of foreign direct investment (FDI) worth US$1.5 billion in 2007. Mr Phu said that the fields that Vietnam will prioritise for investment are electronics, electrical equipment, mechanics, high-grade construction materials, pharmaceuticals, cosmetics, and meat processing. City authorities are also striving to attract foreign direct investment into developing a banking and finance centre, new urban areas in the north of the Red River, a new office – trade – exhibition centre, a centre for education, research and development, and the Hanoi high-tech zone. Hanoi has been successful in attracting foreign direct investment. In 2006, the total registered capital of FDI projects reached US$1.1 billion. Of this amount, the newly registered capital was US$609.4 million (148 projects). In 2006, the investment from foreign invested enterprises in the city amounted to 15% of the total investment capital in the area, which contributed 16% of GDP, 38% of total export turnover, while creating 10% of the total local budget, and generating 60,000 jobs. Since January 2, 2007, Hanoi has been applying the one door policy in business registration. This is an important part of the city’s strategy to improve the investment environment and improve administrative procedures. | ||
Source: Thời báo Kinh tế Việt Nam |
VN-Index exceeds 800 points
Contrary to the gloomy situation in the first month last year, the Ho Chi Minh City stock exchange rebounded last week, with VN-Index level exceeding 800 points.
During Jan. 5 trading session, VN-Index climbed up to 816 points, with 8.7 million shares and fund certificates, worth 927 billion VND, being traded at the Ho Chi Minh City Securities Trading Centre.
This was the second time VN-Index level exceeds 800 points, following a sharp drop for two weeks of nearly 70 points, from 810 late last year.
Experts attributed VN-Index's bounce to listed companies' commencement to pay dividend and their plans to issue more shares. They added, information that foreign investors will be allowed to buy shares in some business areas in the first quarter of this year was particularly the major reason behind the rebound.
On Jan. 5, foreign investors purchased 3.3 million shares and fund certificates, worth 555 billion VND, at the Ho Chi Minh City stock exchange.
The same day, HASTC-Index increased 10 percent to nearly 266 points at the Ha Noi Securities Trading Centre.
Source: Vietnam Agency
VN-Index consecutively up to new record
| VNECONOMY updated: 10/01/2007 |
| During the Jan. 8 trading session, the Vietnamese securities market saw new records in share volume and value traded, sending the VN-Index past the 825 point level. The increasing trend of the index has been maintained through four consecutive trading sessions. Over 9.1 million shares, worth 1,034 billion VND were traded on Jan. 8. Of the figures, foreign investors paid a total 608 billion VND to purchase 3.9 million shares. The VN-Index's rise of 83.84 points over the previous session was led by the rebound of major shares including PVD, STB, GMD, SAM and TDH. The same day, HASTC-Index increased only 0.95 points to 266.57 points at the Ha Noi Securities Trading Centre, the highest closing level so far. |
Source: Vietnam Agency |
US$100 million FDI project in Thai Nguyen licensed
| VNECONOMY updated: 10/01/2007 | ||
The Japanese group Intra on Jan. 9 received a licence to invest US$100 million in building a reservoir and a new urban area in the northern province of Thai Nguyen. Under the project, Intra will enlarge the Xuong Rong reservoir to 18.84 ha and build a complex of high-grade residence quarters, offices for lease and hotels. The investor plans to commit US$70 million to building the Xuong Rong urban area, US$18 million to clearing the ground, and US$12 million to enlarging the reservoir. In the first phase of the project (2007-2008), the investor will implement build-transfer contracts signed with Thai Nguyen province on development of the Xuong Rong reservoir and a number of periphery infrastructure facilities. The building of apartments and offices will start in the second phase from 2008-2009. | ||
Source: Vietnam Agency |
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