Ho Chi Minh City (VNA) – Singapore’s Charles Wembley Vietnam was granted an investment licence to build a medical equipment plant in Saigon hi-tech park (SHT✅P) on January 29.
The 230-billion-VND Wembley Medical Facility will cover 7,000 sq.m and turn out 5 million units of medical supplies per year once it becomes operational in mid-2018.
Vietnam annually imports about 50 million intravenous needles, each priced at 13,000-15,000 VND (0.59 – 0.68 USD).
Once the first stage of construction is complete, the plant will be able to produce 5 million needles per year and sell them for 20 to 30 percent less than imported ones.
Le Hoai Quoc, Head of the SHTP Management Board, vowed all possible support for the investor to build the plant as scheduled.-VNA
The Prime Minister has recently approved the equitisation plan of the Vietnam Medical Equipment Corporation (Vinamed), which has a total chartered capital of 88 billion VND (3.9 million USD).
The Ministry of Health put much effort into developing medical infrastructure throughout 2015, with a view to easing hospital overload and improving examination and treatment quality.
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.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Illustrative image (Source: VNA)
