Day: September 27, 2021

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Global C-Arm & Mini C-Arm Market to Attain Revenue of USD 3050.6 Million by 2028; Increasing Demand for Minimally Invasive Surgeries to Drive Market Growth

Key Companies Covered in the C-Arm & Mini C-Arm Market Research Report Are Ziehm Imaging GmbH, General Electric Company, Siemens Healthcare GmbH, Koninklijke Philips N.V., Eurocolumbus srl, Trivitron Healthcare, Turner Imaging Systems, Canon Medical Systems Corporation, Allengers, Hologic, Inc., Orthoscan, Inc., and others., and other key market players.

New York, Sept. 27, 2021 (GLOBE NEWSWIRE) — According to the statistics by the World Health Organization (WHO), in the year 2019, around 17.9 Million people died from cardiovascular diseases (CVDs), which represented 32% of all global deaths. Further, according to the statistics by the International Osteoporosis Foundation (IOF), by the end of 2050, incidences of hip fracture in men and women are expected to grow by 310% and 240% respectively as compared to the rates in the year 1990. Besides this, in other statistics by the WHO, globally, around 1.71 Billion people have musculoskeletal conditions.

Research Nester, in its repository of market research reports, has recently added a topic on “Global C-Arm & Mini C-Arm Market” which is studied for the forecast period 2020-2028. The report elucidates the various strategies adopted by the market players and also includes a detailed analysis of the key market dynamics that are associated with the growth of the market in the coming years.

The elderly population around the world is multiplying every year. According to the statistics by the World Bank, the share of the total population aged 65 and above around the world increased from 6.874% in the year 2000 to 9.318% in the year 2020. With the growing geriatric population, there is a rising concern for the increasing incidences of different types of diseases amongst these individuals worldwide, which in turn, is raising the need for various minimally invasive surgical procedures. The rise in the number of surgeries worldwide is therefore expected to contribute to the demand for surgical equipment, and in turn, drive the growth of the global C-arm & mini C-arm market during the forecast period. The market garnered a revenue of USD 2170.9 Million in the year 2019 and is expected to touch a revenue of USD 3050.6 Million by the end of 2028, by growing with a CAGR of 4.9% during the forecast period.

The global C-arm & mini C-arm market is also projected to grow on account of the growing adoption of robotic surgeries worldwide, backed by the increasing effectiveness of the use of these surgical devices. Between 2012 and 2019, for all general surgery procedures, the use of robotic surgery increased from around 2% to close to 16%.

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The global C-arm & mini C-arm market is segmented on the basis of region into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Out of these regions, the market in North America is anticipated to hold the largest market share during the forecast period. The market, which registered a market revenue of USD 835.78 Million in the year 2019, is further expected to garner USD 1149.77 Million by the end of 2028. The market in the region is also expected to grow with a CAGR of 4.7% during the forecast period. The market in the region is further divided on the basis of country into the United States and Canada. Amongst the market in these regions, the market in the U.S. is expected to garner the largest market revenue of USD 813.48 Million by the end of 2021. The market in the country is also expected to hold a majority of the market share during the forecast period.

The market in Europe is expected to hold the second-leading share during the forecast period and further attain a market revenue of USD 934.93 Million by the end of 2028, up from a revenue of USD 683.82 Million in 2019. The market in the region is further projected to grow with a CAGR of 4.5% during the forecast period.  The market in the region is segmented by country into the United Kingdom, Germany, France, Italy, Spain, Russia, the Netherland, and the Rest of Europe. Amongst the market in these countries, the market in Russia garnered the second-leading share in the year 2019 and registered a market revenue of USD 143.96 Million in the same year. Further, by the end of 2028, the market in the region is expected to reach USD 191.47 Million.

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The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

The global C-arm & mini C-arm market is segmented on the basis of end user into diagnostic imaging centers, hospitals/surgical centers, ambulatory surgical centers, and others. Out of these, the hospital/surgical centers segment held the highest market share of 30.79% in the year 2019. The growth of the segment can primarily be attributed to the increasing number of hospitals worldwide and the rising need for advanced surgical equipment. According to the statistics by the American Hospital Association (AHA), the total number of hospitals in the U.S. in the year 2019 was recorded to be 6090, which included 5141 numbers of community hospitals, followed by 208 numbers of federal government hospitals, and 116 numbers of other hospitals.

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The global C-arm & mini C-arm market is also segmented on the basis of C-arm type, detector type, and by application.

Global C-Arm & Mini C-Arm Market, Segmentation by C-Arm Type

  • Fixed C-Arm
    • Floor Mounted
    • Ceiling Mounted
  • Mobile C-Arm
    • Mini C-Arm
      • Pulse-Fluoroscopy
      • Continuous-Fluoroscopy
    • Full Size C-Arm

Global C-Arm & Mini C-Arm Market, Segmentation by Detector Type

  • Flat-Panel C-Arm
  • Image-Intensifier C-Arm

Global C-Arm & Mini C-Arm Market, Segmentation by Application

  • Diagnostic
  • Urology & Nephrology
  • Gastroenterology
  • Cardiology
  • Others
  • Surgical
  • Orthopedic & Trauma Surgeries
  • Cardiovascular Surgeries
  • Neurosurgeries
  • Gastrointestinal Surgeries
  • Others

Do You Have Any Query Or Specific Requirement? Ask to Our Expert

Some of the leading players in the global C-arm & mini C-arm market are Ziehm Imaging GmbH, General Electric Company, Siemens Healthcare GmbH, Koninklijke Philips N.V., Eurocolumbus srl, Trivitron Healthcare, Turner Imaging Systems, Canon Medical Systems Corporation, Allengers, Hologic, Inc., Orthoscan, Inc., and others.

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Sertifi, Inc. and Infor Announce Their Global Partnership

Sertifi’s newest global partnership with Infor

Sertifi, Inc

CHICAGO, Sept. 27, 2021 (GLOBE NEWSWIRE) — Sertifi, an industry leader that is dedicated to helping companies across the world finalize business faster by providing electronic Agreement and Authorization Platforms and Infor, a global leader in business cloud software products announces their partnership. This partnership is designed to provide compliant and secure electronic signature, payment, and authorization tools for Infor’s sales and catering clientele.

With technology playing an increasingly critical role in every aspect of business, Sertifi’s Agreement and Authorization platforms allow companies to finalize business faster by providing platforms that are convenient, efficient, and secure. In addition, the platforms help companies stay compliant and mitigate fraud.

“Sertifi’s applications are very complementary to our Infor CloudSuite Hospitality solutions, and this new partnership provides hoteliers with a more seamless technology experience,” said Jason Floyd, general manager, Infor Hospitality. “Our interface with Sertifi enables us to offer enhanced e-signature capabilities, and the ability to process credit cards using their desired payment processor, which will in turn enhance the overall guest experience.”

“Being able to offer the ability to simplify the event contracting and payment process is critical in a time when Sales and Catering teams are relying heavily on technology to increase efficiency and do more with less,” added Jo Masters, VP of Channel Partnerships, and International Sales for Sertifi.

About Sertifi:

Sertifi offers industry leading Agreement and Authorization Platforms built for businesses who want to finalize business faster and need a more efficient and secure way to manage the full contract process. The Agreement Platform provides workflow solutions that enable customers to automate processes to send agreements and collect payments faster through a modern customer experience platform. The Authorization Platform improves workflows by digitally sending and receiving payment authorizations, securing the process, enhancing PCI compliance, and reducing fraud risks while providing a consistent customer experience.  Thousands of businesses around the world use Sertifi to recognize revenue faster and increase job efficiency.

About Infor:

Infor is a global leader in business cloud software specialized by industry. Proving mission-critical enterprise applications to 65,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation.

Disclaimer

This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product, or functionality, even if such is described in this announcement and even if such description is accompanied by words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “predict,” “should,” “will,” and/or similar expressions.  Many factors can affect Infor’s product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.

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Image 1: Sertifi, Inc

Image 2: Infor

This content was issued through the press release distribution service at Newswire.com.

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Webtel.mobi’s Two Fully-Operational Zero-Cost Alternatives to the Global FX Market Available Worldwide

WM’s Currency Swaps and TUV Digital Currency Swaps provide fully-operational and instantly-accessible Zero-Cost Alternatives to the Global FX Market

Global FX Market USD to EUR Conversion and Immediate Reconversion

Global FX Market USD to EUR Conversion and Global FX Market EUR to USD Immediate Reconversion

ST PETER PORT, Guernsey and NEW YORK, Sept. 27, 2021 (GLOBE NEWSWIRE) — Global Telephony Provider Webtel.mobi (“WM”) – whose System and TUV Digital Currency render current Cryptocurrencies redundant, supersede CBDCs and provide two fully-operational alternatives to the SWIFT System – has announced two additional facilities in its System, which provide an instantly-accessible and zero-cost alternative to the Global FX Market.

These two WM Facilities – its Currency Swap and TUV Digital Currency Swap Facilities – provide WM Members with the ability to set their own currency exchange rates PP2P directly between each other, and carry out instant Currency Swaps between each other directly on the WM System’s Platform. The savings in these transactions render the rates available in the current Global FX Market so unattractive as to potentially become redundant.

As an example, in a standard Global FX Market conversion, if one converted USD 10 000 000.00 to Euro, one would receive +/- Euro 8 104 700.00 (Note: An indicative rate. The Euros received will alter slightly depending on who the exchange is done through, but it will be a similar result, within a few thousand Euros).

If one were then to do an immediate reconversion of the Euro 8 104 700.00 back to USD, one would expect to get more or less USD 10 000 000.00 back – less some conversion costs. However, what one will in reality get back with an immediate reconversion is only +/- USD 9 023 540.00. Nearly a million dollars would have simply disappeared. This exercise reveals the true costs of FX Conversions via the Global FX Market.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/106d959b-c1e6-408d-99f9-50fd4366c8c5

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

These costs are due to three primary factors. Firstly, the legacy systems used in the Global FX Market are outdated, and not able to function according to 21st Century standards. Secondly, the Global FX Market is highly fragmented, with thousands of entities of varying standards levying multiple charges. Thirdly, the Global FX Market requires an extremely high number of intermediaries to function – all of which load their additional fees and commission on to every transaction. Additional cost-raising factors can be found by Googling “Forex Scandal”.

In contrast, WM’s Currency Swap and TUV Currency Swap Facilities enable WM Members to see what the Global FX Market’s Currency Exchange Rates are, and then set their own PP2P rates accordingly. For example:

  • Member A wants to exchange USD to get Euro 8.1 Million. He does a query with a Global FX Market Provider and sees that it will cost him USD 10 Million to get Euro 8.1 Million.
  • Member A then does a query with a Global FX Provider to see how much in USD the amount of Euro 8.1 Million will buy, and sees that it will only buy +/- USD 9 Million.
  • Member A then sets his WM Currency Swap Offer Swap to be just over USD 9 Million for Euro 8.1 Million; and therefore gets the same amount of Euros for almost USD 1 Million less than in the Global FX Market.
  • If Member A sets his WM Currency Swap at, for example, USD 9.5 Million to make it attractive, it will still cost him/her almost USD 500 000.00 less compared to Global FX Market Rates. Moreover, Member B who is Swapping the Euro for USD will similarly get almost USD 500 000.00 more than in the Global FX Market.
  • The same potential for savings to the same scale apply for any Swap amount in any WM Platform Currency.
REQUIRED CHARACTERISTIC GLOBAL
FX MARKET		 WM’s
CURRENCY SWAPS		 WM’s TUV
CURRENCY SWAPS
Daily Value Volume USD 6.6 Trillion Per Day (Net) / USD 8+Trillion Per Day (Gross)
Carry Out Conversions Worldwide Yes Yes Yes
Compliant with Applicable Regulation Yes Yes Yes
Account Holders Control the Conversions No Yes Yes
Account Holders set own Exchange Rates No Yes Yes
Settlements (RTGS) in 1/100th of a Second No Yes Yes
Conversions done from any Mobile Phone No Yes Yes
Conversions done from any Location No Yes Yes
Conversions done at any time of any day No Yes Yes
Conversions function 24/7/365 No Yes Yes
Live Conversion Weekends & After Hours No Yes Yes
Instant Confirmation to All Parties No Yes Yes
Real-Time Records and History No Yes Yes
Centrally-Controlled Worldwide No Yes Yes
Worldwide Uniform Standards & Security No Yes Yes
Functions PP2P with No Intermediaries No Yes Yes
Can be used Online by Unbanked No Yes Yes
Free to have an Account No Yes Yes
Free of Service Fees No Yes Yes
Free of Intermediary Fees No Yes Yes
Free of FX Spread Rate Fees No Yes Yes
Totally Free Conversions No Yes Yes

WM’s fully-operational Currency Swap and TUV Digital Currency Swap Facilities are available to all WM Members.
Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

Video on the WM System and TUV Digital Currency:
https://youtu.be/XYBrCikUhn8

Research Reports on the WM System and TUV Digital Currency:
https://tinyurl.com/TUVresearch

Characteristics of WM’s TUV Digital Currency:
https://tinyurl.com/TUVdata

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)


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World Economic Form awards Schneider Electric Lexington, Kentucky Sustainability Lighthouse recognition and Wuxi, China Smart Factory Advanced Lighthouse status

Smart Factory

Schneider Electric’s Smart Factory in Wuxi, China

  • Wuxi plant is the fourth Schneider Electric Smart Factory to receive Advanced Lighthouse recognition
  • Lexington, Kentucky recognized as a Lighthouse in 2020, now one of the first factories awarded Sustainability recognition
  • Digital transformation deploys IIoT technology for greater efficiency and sustainability
  • Smart plant leverages Fourth Industrial Revolution technologies including 5G, cobots, artificial intelligence, and big data analysis

Rueil-Malmaison (France), September 27th, 2021 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its Lexington, Kentucky plant, recognized as an Advanced Lighthouse last year, has been recognized by the World Economic Forum as a Sustainability Lighthouse — one of only three worldwide. The World Economic Forum has also recognized the company’s Smart Factory in Wuxi, China as an Advanced Lighthouse — the fourth Schneider Electric factory to receive this distinction to date, joining Lexington, Kentucky, Batam, Indonesia and Le Vaudreuil, France factories.

The Forum’s Sustainability Lighthouses recognize by realizing the potential of 4IR technologies in manufacturing, companies can unlock new levels of sustainability in their operations and explore a win-win solution: greater operational competitiveness while simultaneously making commitments to environmental stewardship, leading in a cleaner, more sustainable future as a result.

In order to capture greater energy consumption granularity, when and where it happens in the plant, the Lexington, Kentucky smart factory leveraged IoT connectivity with power meters and predictive analytics to optimize energy cost, and as a result led to 26% energy reduction (GWh), 30% net CO2 reduction, and 20% water use reduction and certification by the U.S. Department of Energy as Platinum Superior Energy Performance 50001.

The Smart Factory in Wuxi joins the Lexington plant as the second Schneider Electric’s site to earn the status of end-to-end Advanced Manufacturing Lighthouse. Both plants were recognized for adopting Fourth Industrial Revolution (4IR) technologies to transform factories, value chains and business models.

As an electronic manufacturing site developing a large product mix, the Wuxi campus embraced Schneider Electric’s 4IR-based EcoStruxure technology to rebuild its end-to-end value chain. Using the latest digital tools like automated supply chain management, 5G supported flexible production, augmented reality, and digital twins to improve flexibility, efficiency, time to market, and sustainability.

“This World Economic Forum recognition for Lexington and Wuxi plants demonstrates what can be achieved by leveraging technologies of the fourth industrial revolution,” says Mourad Tamoud, Schneider Electric’s executive vice president of global supply chain. “The benefits for sustainability, agility, and resilience are compelling. We continuously look to enhance our digital supply chain to deliver on our commitment to our customers and society as a trusted partner for digitalization and sustainability.”

The Wuxi plant’s digital transformation enables the site to meet expanding customer needs for customization while delivering clear production and energy efficiencies:

  • Implementing an autonomous supply chain system as a single source of truth to trigger a 30% improvement in on-time delivery.
  • Taking advantage of 5G and cobot automation for flexible production lowered time to market 25% and improved line investment by 50%.
  • Digital twins to optimize heating and ventilation drive 32% energy consumption improvements.

For Tamoud, the company’s strength is its employees: “It’s our people who are leveraging this technology, and we are investing in their skills and expertise to enhance their capabilities. This is a testament to our people strategy and investment in our workforce and advanced technologies.”

In collaboration with McKinsey & Company, the World Economic Forum began the Global Lighthouse Network initiative in 2018 to recognize manufacturers leading growth of the Fourth Industrial Revolution. The Wuxi plant joins a list of 90 sites in the Global Lighthouse Network who create innovation in business models and increased customer value through 4IR technologies. These companies demonstrate how digital operations create productivity and efficiency gains to enable sustainable growth in the face of pervasive disruptions and challenges.

STRIVE Program

The Wuxi and Lexington factories are part of Schneider Electric’s global smart factory and distribution center initiative encompassing nearly 300 factories and logistics centers in more than 40 countries. This initiative – part of the company’s STRIVE program – aims to address the fundamental challenge of sustainability while increasing profitability and efficiency.

STRIVE (Sustainable, Trusted, Resilient, Intelligent, Velocity and Efficiency) is the next evolution of Schneider Electric’s supply chain transformation to be the most agile, innovative, planet and customer-centric supply chain.

  • Sustainable – Schneider Electric is implementing projects to build carbon-neutral and circular supply chains whilst preserving local biodiversity.
  • Trusted & Resilient – Schneider Electric strengthens its resilience through multi-sourcing and ensures there is no single point of failure in its production lines. Leveraging technology, we can create a highly personalized experience for our customers and ensure superior quality using and end-to-end view of its operations.
  • Intelligent – Leveraging digital, Schneider Electric predicts, prevents, and automates for a highly flexible remotely orchestrated supply chain
  • Velocity & Efficiency – Schneider Electric leverages its strong regional presence, agile mindset, and supply partners

STRIVE is part of Schneider Electric’s vision that electrification and digitization are inextricable tools in the fight against climate change. This vision has led to the company’s recent ranking as #4 in the 2021 Gartner Supply Chain Top 25, as well being named the world’s most sustainable corporation by Corporate Knights in 2021.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

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Transport Ministry demands immediate end to traffic congestion at checkpoints

Minister of Transport Nguyen Van The has requested immediate end to traffic congestion at COVID-19 checkpoints on roads across the country.

According to an official dispatch signed by the minister on September 25, traffic congestion has still occurred on roads in some localities, especially in areas with pandemic checkpoints, which has hampered the transportation and sale of farm produce and raised the risk of COVID-19 transmission.

To put an end to this problem soon, the Ministry of Transport asked directors of the transport departments of provinces and cities to examine the traffic situation on roads, strictly deal with or report to the chairpersons of provincial/municipal People’s Committees to strictly deal with collectives or individuals who failed to comply with the Prime Minister’s directions and caused traffic congestion at checkpoints, and immediately eradicate congestion on roads.

The departments were told to advise provincial/municipal People’s Committees about the revocation of documents that have run counter to the PM’s orders and caused traffic congestion.

They were also demanded to examine transport vehicles in line with the PM and the Government Office’s directions on goods transportation amid the pandemic and the enhancement of anti-COVID-19 measures nationwide.

The Transport Ministry said directors of the transport departments must be held accountable to the PM, the Minister of Transport, and chairpersons of the provincial/municipal People’s Committees if traffic congestion occurs on local roads.

Source: Vietnam News Agency

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Vetnam advised to attract more FDI to boost economic growth

Despite a decrease in foreign direct investment (FDI) inflows into Vietnam in recent months due to the impact of the COVID-19 pandemic, economists assessed Vietnam remains attractive to foreign investors and needs to take advantage of FDI attraction opportunities to boost economic growth.

According to The Australia Financial Review, Vietnam is likely to remain foreign investors’ favoured destination. Though rapidly rising Delta COVID-19 infections have hit manufacturing in Ho Chi Minh City, Vietnam’s commercial hub, the big-picture story of Vietnam being a favoured destination for foreign investment is not expected to change, the daily newspaper said. Even as forecasts are trimmed, economists have faith the nation will bounce back.

“In recent decades, Vietnam has excelled in reeling in the big fish in electronics, footwear and clothing,” it said. “Low labour costs, reliable infrastructure and a smooth bureaucratic process have attracted the likes of Samsung, Foxconn, Nike, Adidas, Gap and Levis.”

As of September 20, FDI inflows into Vietnam increased by 4.4 percent year-on-year to 22.15 billion USD, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

In the period, 12.5 billion USD was poured into 1,212 newly-licensed projects, up 20.6 percent in value but the number of projects was down 37.8 percent over the same period last year. Meanwhile, 6.6 billion USD was added into 678 underway projects, a year-on-year rise of 25.6 percent in capital but down 15.8 percent in project number. Foreign investors also invested nearly 3.2 billion USD to share purchase deals, down 43.8 percent compared to the same period last year.

The agency attributed the decreases in the numbers of new and expanded projects to the travel restrictions and long quarantine policy, which made it hard for foreign investors to make surveys for their planned projects. Lockdown and travel restriction measures also affected operations of FDI firms.

Nguyen Van Toan, Vice Chairman of the Vietnam Association of Foreign Invested Enterprises, stated that due to serious impact of the pandemic, many FDI enterprises faced difficulties in production and business activities. However, these difficulties are only temporary and the possibility of foreign investors moving their supply chain out of Vietnam is very small.

Moving a factory out of one country to set up another in other country is very complicated. Therefore, in the immediate future, FDI enterprises have not yet moved out of Vietnam, but they may have to push some orders to other production facilities to avoid supply chain disruption, Toan added.

Trinh Van Quang, Vina CPK Project Development Manager, said that Vietnam is still considered a country benefiting from the wave of investment shift. This once again confirms that Vietnam’s investment environment is really attractive to FDI investors, not just because of the advantage of cheap labour and low rental costs compared to other countries in the region.

This shows that Vietnam’s policies and socio-political stability are a competitive advantage in comparison with others in the region, Quang said.

To ease the impact of the COVID-19 pandemic, economists stressed the necessity to keep a close watch on the pandemic developments so as to have timely solutions to attract and maintain FDI inflows.

Economist Nguyen Bich Lam, former Director of the General Statistics Office, proposed the Government support foreign investors and accompany them to overcome current difficulties by such measures as stepping up vaccination, and devising long-term policies to ensure their interests.

At a recent meeting with Prime Minister Pham Minh Chinh, the European Chamber of Commerce (EuroCham) made many recommendations to the Government, including speeding up vaccination for workers, and adjusting the current “three-on-site”, and “one road, two destinations” strategies as they place a huge burden on both companies and their workers in practice.

Experts advised Vietnam to focus on stepping up administrative reform, which will bring practical benefits to investors.

Another suggestion is that Vietnam should work to access investors from new markets. Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said that the Middle East has always been considered a region with great potential for investment cooperation. However, at present, investment from this region into Vietnam is still limited. To attract investment flows from this market, she proposed studying cooperation models with a third party to jointly invest in large projects in Vietnam, and building a cooperation mechanism connecting large investment funds of the Middle East in the development of large infrastructure projects in the Southeast Asian nation.

Source: Vietnam News Agency

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Art programme promotes great national unity in fighting COVID-19

An art programme promoting the spirit of unity and consensus among the people to overcome the COVID-19 pandemic was held virtually on September 26 and connected to many locations across the country.

The event was jointly organised by the Department of Culture and Sports of Ho Chi Minh City, the Association of Vietnamese Scientists and Experts (AVSE Global) and the Trinh Cong Son Fund.

An art programme promoting the spirit of unity and consensus among the people to overcome the COVID-19 pandemic was held virtually on September 26 and connected to many locations across the country.

The event was jointly organised by the Department of Culture and Sports of Ho Chi Minh City, the Association of Vietnamese Scientists and Experts (AVSE Global) and the Trinh Cong Son Fund.

Within the framework of the programme, video clips reflecting artists’ involvement in supporting frontline forces against the pandemic and their assistance to COVID-19 affected people in Ho Chi Minh City, were screened.

Touching stories about efforts of medical workers and military medical staff to fight for the lives of COVID-19 patients were also broadcast.

The organizing board took the occasion to call for donations and raise funds for the purchase of medical equipment and supplies for the COVID-19 prevention and control fund run by the Vietnam Fatherland Front Committee of HCM City.

At the event, organizations, businesses and individuals donated nearly 130 billion VND (over 5.7 million USD) to support the city’s COVID-19 prevention and control work.

Source: Vietnam News Agency

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Vietnamese carmaker aims to conquer European high-end electric car market

The Le Monde newspaper of France has recently posted an article reporting that VinFast automaker of Vietnam’s conglomerate Vingroup has entered the high-end electric car market in Europe, as it is expected to launch two models in France and Germany by late 2022.

“Not so long ago, an unknown Vietnamese automaker with ambition to gain a foothold in the premium market would hardly have been taken seriously. Today, the arrival of the VinFast brand is not entirely surprising.

“The electric car has become the horizon of the automobile industry, and technological barriers such as income from the situation inherited from the reign of thermal engines are cracking,” wrote the article.

Since its presence in 2018 at the Paris Motor Show, VinFast has worked hard to build a factory capable of producing 250,000 vehicles per year in the northern port city of Hai Phong, with an investment of 4.4 billion USD, the article continued.

It added that after having produced 30,000 units of thermal models in 2020 based on BMW and General Motors technologies, the Vietnamese manufacturer on September 23 presented two full-size electric vehicles in Italy, which will be marketed at the end of 2022 in the US, Canada, Germany, France and the Netherlands. The range will expand in the following years.

“VinFast will be top-of-the-range cars with top-notch equipment, but at the right price,” assured Thomas Chrétien, the company’s marketing director for Europe.

VinFast posts an annual revenue of 16 billion USD, making up over 2 percent of Vietnam’s gross domestic product.

Source: Vietnam News Agency