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BUSINESS IN BRIEF 18/11   2008-11-18 - VNA

Glasstech Asia expo opens

Southeast Asia ’s largest glass exhibition, Glasstech Asia 2008, will open at the Saigon Exhibition & Convention Centre in the city’s Phu My Hung new urban area in District 7 on Nov. 20.

Organisers say the three-day exhibition will bring together the world’s latest technological innovations and market practices in glass materials, manufacturing and processing under one roof.

Spread over an area of 7,000sq.m, the exhibition will showcase presentations of 174 exhibitors from 29 countries, including impressive large-scale country pavilions for China , Germany , Singapore , the United Kingdom and Vietnam .

Seminars held during the exhibition will have industry professionals including architects, contractors, property developers, automobile makers, glass manufacturers, engineers, interior designers and suppliers of glass products exchange experiences and look at future trends.

The exhibition, held annually by Singapore’s Conference & Exhibition Management Services Ptd Ltd (CEMS) and Singapore Glass Association (SGA) and hosted this year by the Vietnam Glass Association (VIEGLASS), is set to draw in 8,000 major traders from all over Asia.

Edward Liu, Managing Director of CEMS, said that Vietnam had been chosen to stage the show based on its promising investment outlook, particularly in the area of architectural glass for which a huge demand has been projected.

Singaporean investors eye health care in Vietnam

 
Vietnam holds attractive potentials in health services for Singaporean investors to explore and cooperate with domestic partners, said centre director of the International Enterprise Singapore , Chiong Woan Shin.

The Vietnamese economy has constantly posted high growth and the middle class has required increasingly improved healthcare services, Chiong, who is also the commercial consul at Ho Chi Minh City-based Singapore Consulate General, told the Thoi bao Kinh te Vietnam (Vietnam Economic Times).

The fact created an opportunity for Vietnam ’s health sector to develop and for investors from Singapore to tap potentials and cooperate, stressed the consul.

Chiong noted that Singaporean groups Parkway Health and Healthway Medical had opened representative offices in Vietnam , while the Thomson Medical is joining hands with the Protrade Company to build a pediatric-maternity hospital in southern Binh Duong province.

HSBC, Bao Viet launch new insurance services

The Hong Kong-Shanghai Banking Corporation (HSBC) joined forces with the Bao Viet Insurance Corporation to launch a new range of property and key personnel insurance services on November 17.

The cooperation is the latest stage in the two corporations’ strategy to diversify the range of insurance products on offer, aiming to provide cover to protect the operations of business customers.

The two sides have previously cooperated in providing a range of life, non-life and cargo insurance products.

The Property Insurance provides cover for businesses in case of sudden property losses as a result of fire, theft or equipment breakdown.

Meanwhile, the Key Personnel Insurance is designed to protect enterprises from the loss of key personnel, such as owners, directors or any other members of staff with significant influence on their business operations.

HSBC is the leading foreign bank in Vietnam , and the launch of these new services is expected to help Bao Viet to consolidate its position as the major player in the Vietnamese insurance market.

Pha Rung shipyard launches 6,500 DWT oil tanker

The Pha Rung Shipyard Company successfully launched a 6,500 DWT oil-chemical tanker in the northern port city of Hai Phong on Nov. 17.

The ship, measuring 110m in length and 18.2m in width, is able to travel at 13 nautical miles per hour. It is the fifth of its kind to be built by the shipyard for a Hong Kong-based transport company.

Also on Nov. 17, the company commenced construction of a 13,000 DWT oil-chemical tanker of 128.6m long and 20.4m wide, which will be able to travel at 13.5 nautical miles per hour.

The successful construction of oil-chemical tankers ranging in capacity from 6,500 to 13,000 DWT will open up new prospects for the company, which was once the country’s largest ship repair establishment.


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