Vietnam encourages international pharmaceutical businesses, including members of EuroCham, to extend their investment and establish research centres in the country.
Nguyen Van Binh, Secretary of the Party Central Committee and head of the committee’s Economic Commission receives the delegation from EuroCham (Source: VNA)
Hanoi (VNA) – Vietnam encourages international pharmaceutical businesses, including membersof EuroCham, to extend their investment and establish research centres in thecountry, said Nguyen Van Binh, Secretary of the Party Central Committee andhead of the committee’s Economic Commission.
At a reception for a delegation of the EuropeanChamber of Commerce in Vietnam (EuroCham)’s Pharmaceutical Sector Committee(Pharma Group) in Hanoi on June 22, Binh said that Vietnam attaches importanceto implementing social policies comprehensively and pays attention to providingeasy access to health care services and medicines at reasonable prices.
Binh briefed the delegation on major orientationsand solutions of the Vietnamese Party and Government in order to improvebusiness environment, raise competiveness and encourage enterprises to roll outtheir operation on a larger scale, particularly in the pharmaceutical sector.He added that Vietnam wants tobecome a pharmaceutical production centre in ASEAN.
Pharma Group Vice President Nicholas Jones, whois in charge of the Vietnamese market, expressed his optimism about Vietnam’ssocio-economic development prospects as well as the country’s policies andmeasures to improve business climate. He spoke about challenges facing the pharmaceuticaland health care sector, saying he hopes that Vietnam will make moreimprovements in legal framework, mechanisms and policies, to better accommodatefirms operating in pharmaceutical industry.
The participating businesses shared the viewsthat Vietnam is an important market and has potential to become apharmaceutical production centre of ASEAN.
They also talked about pharmaceuticaldevelopment models and sustainable access to medicines of people, along withissues regarding Government bidding and procurement, property rights and investmentopportunities in Vietnam.-VNA
European companies expressed optimism about the business environment in Vietnam during a recent meeting with the press, Cong Thuong (Industry & Trade) newspaper reported.
EuroCham President Michael Bahren has affirmed his agency’s commitments to supporting and encouraging European businesses to forge stronger partnerships with Vietnam.
The European Union (EU) wants to become the largest investor in Vietnam, especially in Ho Chi Minh City and neighbouring localities, said Ambassador Bruno Angelet, head of the EU Delegation to Vietnam
The Business Climate Index (BCI) for the first quarter of this year released by the European Chamber of Commerce in Vietnam (EuroCham) showed European firms’ positive expectations towards Vietnam.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
Nguyen Van Binh, Secretary of the Party Central Committee and head of the committee’s Economic Commission receives the delegation from EuroCham (Source: VNA) 
