The pharmaceutical industry wants to
meet 60 percent of market demand by 2010 by producing specialised
medicine and improving its distribution network, according to the Drug
Administration Department.
Most drugs produced locally are low-priced generic products, the department said.
The European Union (EU)’s anti-dumping
advisory committee did not agree on a proposal to extend anti-dumping
duties on Vietnamese leather-capped shoes, with 15 countries voting
against it.
A musical festival entitled Vietnam,
Que Huong Toi (Vietnam, My Homeland) will be held in Hanoi between
November 22 and 24 at the National Convention Centre to celebrate the
first conference of overseas Vietnamese taking place on November 21.
Fifty-nine percent of more than 200
investors and investment consultants in Vietnam have a positive outlook
on the country’s economy in the next 12 months, said the consultancy
firm, Grant Thornton Vietnam, on Nov. 17.
The Vietnam Joint Stock Commercial Bank
for Industry and Trade (VietinBank) in coordination with OnePay, a
distributor of online payment services, has launched a trial run of
online payment services by E-partner cards.
The Singaporean-headquartered
CapitaLand has deployed 299 million Singaporean dollars (223 million
USD) to further its growth in the real estate sector in Vietnam.
Experts have recognised signs of
recovery in Vietnam’s economy but are still warning the country to
remain cautious in executing economic policies to ensure growth will
not cause an imbalance in the macro-economy.
Unfavourable moves in global markets
and uncertainty over the second Government stimulus package drove the
VN-Index down 3.06 percent or 18.37 points to 581.49 points, after a
slight rebound on October 28.
Sacombank Securities, an affiliate of
the HCM Stock Exchange-listed Sacombank, will make its initial public
offering (IPO) next month, offering 38.3 million shares.
The Viet Tien Garment Joint Stock Corporation on October
26 opened an office for a sole sales outlet for Viettien-branded
products in Phnom Penh, Cambodia.
The 121 st meeting of the Inter-Parliamentary Union (IPU)
Assembly wrapped up in Geneva , Switzerland , on October 21 after three
day’s discussions on various issues, including Vietnam ’s contribution
to the United Nations.
The 121st meeting of the
Inter-Parliamentary Union (IPU) Assembly opened in Geneva, Switzerland,
on October 19, bringing together around 1,000 delegates from 153
member and associated nations.
