Vietnam’s overseas investment hits USD508 million

Monday, 30/12/2019 20:41
Vietnamese enterprises have invested more than USD508 million abroad this year, of which, newly-registered capital of 164 projects were USD403.15 million, according to the Sai Gon Giai Phong newspaper.

Photo for illustration (Source: thitruongtaichinh)

There were 29 times that investment projects added more investment capital for nearly VND105 million.

The wholesale and retail sector attracted most of the investments from Vietnam with total newly-registered and additional capital of USD121.6 million, accounting for 23.9 percent of total investment capital. The agro-forestry-aquatic sector was the runner-up with USD86.1 million, accounting for 16.9 percent of total investment capital. The science and technology sector ranked third with USD70.1 million, accounting for 13.8 percent of total investment capital.

This year, among 32 countries and territories receiving investments from Vietnam, Australia alone has received USD154.6 million, accounting for 30.4 percent, followed by the US with 26 projects worth USD93.4 million, accounting for 18.4 percent of total investment capital.

Vietnamese surgeons successfully carry out simultaneous liver kidney transplant

Doctors of Viet Duc hospital have successfully carried out two special transplants including a simultaneous liver kidney transplant and a combined lung transplants and heart surgery.

Photo for illustration (Source: laodong.vn)

The first operation was conducted on a Laotian man who presented with decompensated cirrhosis with four-stage chronic kidney disease and he had diabetes and high blood pressure.

A 19-year old deceased donor with normal liver and kidney function agreed to donate his organs. Accordingly, physicians decided to perform a simultaneous liver kidney transplant.

After 12 hours, nearly 100 medical workers finished the operation, the first of its kind.

Three days later, the Laotian man recovered.

According to Professor Tran Binh Giang, Director of the hospital, it is the first time that Vietnamese surgeons have performed a simultaneous liver kidney transplant plus non-stop blood filtering.

The second case was that surgeons carried out double lung transplant and open heart operation on a 30- year-old woman. Professor Giang said the surgery was very complicated because surgeons had to perform double lung transplant and heart surgery simultaneously.

Twelve hours after the operation, the female patient could breathe with her new lung. Success in lung transplant brings more opportunities for Vietnamese patients.

Wood exports in 2019 to hit 11.5 billion USD

Vietnam’s wood exports in 2019 are set to reach up to 11.5 billion USD, exceeding the industry’s own target of 10.5 billion USD, an increase of 20 percent compared to last year.

The information was announced by the Vietnam Timber and Forest Product Association (VTFPA).

Photo for illustration (Source: vov.vn)

Department of Import-Export under the Ministry of Industry and Trade said that exports of wood products to the US have seen a sharp rise in 2019, as well as robust growth to markets including Japan, the UK, Canada, Germany and the Netherlands.

According to Do Xuan Lap, Chairman of the VTFPA, Vietnamese firms have been able to enter and gain footholds in numerous markets around the world, overcoming their shortcomings and limitations.

Vietnamese firms can also look forward to tariff cuts and trade advantages from the EU, one of the country’s major export markets of wood products as the EU-Vietnam Free Trade Agreement (EVFTA) will take effect in 2020.

President of Ho Chi Minh City’s handicraft and wood processing business association Nguyen Quoc Khanh said the country’s wood sector, which has maintained a stable growth rate for the last two decades, is gearing up to become a leading player in Southeast Asia.

According to experts, firms should take action as soon as possible to build sustainable value chains, which will play a crucial part in the success of the industry. The industry’s value chain must be linked and integrated into firms’ long-term sustainable development strategies./.

Compiled by BTA

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