Vietnam enters top 10 countries for property investment by Juwai
	Foreign banks funnel capital into Vietnam
	Vietnam's public investment disbursement increases in July

An employee displays a ventilator at a VinSmart factory near Hanoi (Photo: Reuters)

Acccordingly, the Asia-based press agency commented the Vietnamese government is “positioning the country as an alternative production base to China”.

Vingroup, the now largest conglomerate in Vietnam, is mentioned for its partnership with Medtronic, the Ireland-based medical device company to produce components in Vietnam. In addition, according to the article, the capital of Hanoi is also pushing for local manufacturers to expand into medical products while Vietnam's economy reels from the coronavirus pandemic.

The EU-Vietnam free trade agreement, which took effect this month, is touted by Vietnam authorities and European representatives as potential in the post-coronavirus economic environment.

"The transition triggered by COVID-19 is providing an opportunity for Vietnam to export medical equipment, particularly when China is losing credibility among its EU and U.S. partners," Vo Quang Tuyen, former analyst at Pasteur Institute, told an industry gathering in Binh Duong in June.

Gross domestic product for the export-led economy grew just 0.36% in the second quarter, down sharply from 3.8% in January-March. The International Monetary Fund forecasts that Vietnam's real GDP growth will drop to 2.7% in 2020 from 7% in 2019, Nikkei Asian Review reported.

Medtronic is reported will buy components made by VinSmart and VinFast Manufacturing and Trading to meet the growing demand for ventilators in the U.S. and Ireland. The first batch of products has been shipped earlier this month.

Medical equipment is mentioned in the article as a potential third pillar of manufacturing, along with automobiles and electronics, that the government has sought to raise the company's position in global supply chains.

The Vsmart VFS-510 meets all criteria of quality, safety, and operational functions set by the Ministry of Health (Photo: En.qdnd)

European diplomats, businesspeople enter Vietnam for investment activities Bamboo Airways has brought 226 diplomats and businesspeople from 15 European countries to Vietnam and all were quarantined on arrival.

Vietnam's investment environment praised by Japanese Foreign enterprises including Japanese lauded Vietnam as a safe and successful country for investors.

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