The Hanoi-based Hoang Lam Cosmetic Pharmaceutical Joint Stock Company has signed a memorandum of understanding (MoU) with India’s Stempeutics Research Pvt. Ltd. to introduce stem cell technology in Vietnam.
Prime Minister Pham Minh Chinh (2nd row, 7th from right), along with officials from Vietnam and India, witness the representatives of Hoang Lam Cosmetic Pharmaceutical Joint Stock Company and Stempeutics Research Pvt. Ltd. exchange their MoU for cooperation. (Photo: VNA)
New Delhi (VNA) – The Hanoi-based Hoang Lam Cosmetic Pharmaceutical Joint Stock Company has signed a memorandum of understanding (MoU) with India’s Stempeutics Research Pvt. Ltd. to introduce stem cell technology in Vietnam.
The signing ceremony took place on July 31 at the Vietnam-India Business Forum in New Delhi, witnessed by Vietnamese Prime Minister Pham Minh Chinh and many ministers and officials from both countries.
Under the MoU, the two companies will establish a framework for cooperation, including granting the Hoang Lam company rights to exclusively distribute Stempeutics' stem cell products and to apply of new stem cell technologies and techniques in Vietnam. The agreement also covers the sides’ joint establishment of a laboratory in the Southeast Asian country. Additionally, they will collaborate on related research, development, and clinical application in selected Vietnamese central-level hospitals.
The Hoang Lam company will provide the necessary support to facilitate regulatory approvals and clinical trials of Stempeutics' stem cell products in Vietnam. The Vietnamese Ministry of Health has directed the firm to implement the MoU's provisions for therapeutic and cosmetic applications.
Headquartered in Bangalore, Karnataka, South India, Stempeutics 💧is known for having the first globally licenced stem cell product for treating symptoms related to diabetes, joint issues, and more. In India, the company is committed to providing safe, effe🤡ctive, and affordable stem cell-based products./.
For more than 50 years, the relationship between Vietnam and India has continuously strengthened and developed. Both countries have consistently supported and assisted each other with the shared goal of seeking happiness for their people. Their diplomatic relations are now at the level of a Comprehensive Strategic Partnership, with significant and clear progress in politics, economics, culture, energy, and people-to-people exchanges.
Prime Minister Pham Minh Chinh attended the Vietnam-India Business Forum in New Delhi on July 31, as part of his state visit to India, during which he proposed the two sides work together to raise two-way trade to 20 billion USD in the coming time.
National flag carrier Vietnam Airlines and India's Innovation India on July 31 signed a memorandum of understanding (MoU) on collaboration in enhancing the two countries’ economic, investment, cultural, and tourism connections.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
