Get subscribed to our newsletter
Get interesting updates to your email inbox.
Foreign tourists normally pour into Vietnam to see colonial architecture and limestone jutting out of the sea. Now some are headed to Vietnam’s clinics and hospitals. They’re part of Asia’s latest medical tourism industry.
Vietnamese officials hope medical tourists will emerge from the threefold increase in arrivals between 2010 and 2018. The key attractions: dentists and cosmetic surgery.
Vietnam’s political stability, affordability of healthcare and the relatively high quality of certain types of medicine are driving the incipient trend already, country analysts say. Vietnam stands to join Asian peers such as Singapore, Thailand and Taiwan as magnets for medical tourism, yet charge less.
“I do see a trend of people coming here. It is cheaper to get things done here than it is in Thailand and definitely Singapore,” said Mike Lynch, managing director with SSI Institutional Brokerage in Ho Chi Minh City. “The biggest group is cosmetic surgery. There’s a lot of it going on here.”
Money maker for Vietnam
More than 80,000 foreigners have traveled to Vietnam so far for medical “examinations and treatments” the government-run Vietnam Investment Review news website says, and they contributed combined income of more than $1 billion. The country’s medical sector grows 18% to 20% per cent every year, the website adds.
Business consultancy Dezan Shira & Associates places the 2017 revenue alone at $2 billion. “Vietnam is emerging as a key player in Southeast Asia’s medical tourism industry,” the consultancy says.
Tran Quoc Bao, the planning and marketing director at City International Hospital in Ho Chi Minh City, told a regional conference earlier this year that Vietnam was a “preferred hub for healthcare and wellness services”, the investment review says.
Revenue from Singapore and Thailand suggest that medical tourism pays. The Tourism Authority of Thailand anticipated 26 billion baht ($860 million) in gross medical tourism revenue last year, up 14% over 2017, Thai media report. Singapore’s medical tourism revenue grew at a 10% compound annual growth rate in the to 2017, when it stood at $1 billion Singapore dollars ($737 million), online magazine Healthcare Asia says.
Medical tourism generates at least one-third of private hospital revenue in most Southeast Asian countries, and the Asia Pacific was the world’s biggest medical tourism market as of 2017, Zion Market Research has found, as cited by the travel news website TTG Asia.
Between 2010 and 2018, the number of foreign tourists in Vietnam grew from 5 million to more than 15 million.
General Statistics Office data show that more than 2.8 million Chinese tourists visited Vietnam from January through July this year and the number of South Korean tourists rose 22% over a period against the same span of 2018 to more than 2.4 million arrivals. China and South Korea are the top two sources of tourism.
In coastal vacation spots frequented by these tourists – the likes of Phu Quoc and Da Nang — resorts have “tried to integrate facilities to make them more suitable for medical tourism”, Dezan Shira says.
Dentistry is attracting Australians in “droves” as cosmetic surgery draws South Koreans, said Ralf Matthaes, founder of the Infocus Mekong Research consultancy in Ho Chi Minh City. Some of the dentists studied overseas and returned to Vietnam for work, he said. Resident Koreans are among the cosmetic surgeons.
Dental work costs one-tenth of the prices asked in North America and the quality of doctors is slowly picking up, Lynch said. Regional medical service firms will eventually set up offices in Vietnam if not there already, he forecast.
Risks and opportunities
Singapore, Taiwan and Thailand still have a better reputation for general healthcare. In Thailand, for example, foreigners visit hospitals for full-blown checkups that test for tumors, blood sugar and any cardiovascular problems.
Matthaes, a Vietnam dweller of 25 years, warned against hospital care in Vietnam. He said doctors put in the “wrong hardware” after he broke a leg and that successful medical malpractice lawsuits are rare.
“I would say it’s spotty at best, but if it comes to dental, and if it comes to plastic surgery, yes,” he said.
Paying extra can reduce risk and add comfort, yet a bill often still comes in below what patients would pay in a more developed country.
American energy consultant John Rockhold, 67, said his wife stayed in a hospital for four days to give birth.
“To me things have really improved,” said Rockhold, a Vietnam War veteran. “We’ve had our children here. My wife had to have a caesarian and we stayed in one of the international hospitals. I paid for the extra to have a suite. My mother in- law could stay with her, and she could order from five or six different restaurants. She was in there like four days and I got a bill of $1,200.” (VOA)
The Centre on Wednesday directed all Union Ministries and Departments to clear Air India's dues immediately. An office memorandum from the Finance Ministry's Department of Expenditure said: "Recently, the Government of India has decided to disinvest Air India, and the process of disinvestment of Air India and Air India Express is ongoing.""Air India has stopped extending credit facilities on account of purchase of air tickets. Therefore, all Ministries or Departments are directed to clear Air India's dues immediately." "Air tickets from Air India may be purchased in cash till further instructions."
In 2009, the Centre had mandated that Central government officers travel via Air India for all official purposes including availing of LTC. On Monday, conglomerate Tata Group entered into a share purchase agreement with the Central government for buying out the latter's stake in national carrier Air India, Air India Express, and AISATS.
Earlier, a Letter of Intent was issued to the Tata Group. After the SPA, Tata Group would need to fulfill the conditions precedent in the agreement before taking over the airline. The rest of the transaction is expected to be completed by December.
Tata Sons' subsidiary Talace emerged as the highest bidder for the national carrier under the divestment process. Talace had quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of the Centre in Air India along with that of Air India Express and AISATS. (IANS/ MBI)
Keywords: India, air India, ministers, government, purchase, dues, Tata group, centre
Sports betting has been around for centuries for the audience to not only watch the sport but to get more deeply involved in the match. It is a fun and often profitable activity for the viewer to win some extra fortune or simply get some extra sweat while watching the game. At first glance, sports betting may look like it's pure luck, but when you indulge deeper into the activity you realize it is more of a calculative and research activity than just pure luck. We must note that yes, luck does play a certain role to some extend but a win is not completely dependent on luck, if you're putting your bets on a certain team you have to make sure to do some research about the players on the team, history of wins and losses of the team and compare the probability of winning and then place bets.
Even though sports betting has existed since the ancient era, it was not until recently that it became increasingly popular among the youth. This happened due to the legalization of the activity and the rise of online sports betting. The technological revolution has expanded the sports betting industry, offering the bettors new markets and ways to bet. The only major difference between online bookmarkers and traditional brick-and-mortar venues of sports betting is that now you can place bets online from your mobile devices, laptops, computers etc.
Follow NewsGram on Instagram to keep yourself updated.
Online sports betting allows the sports enthusiastic bettors to place their sports bet online from wherever they are on real-life happening sports events. For instance, if there is a match between Chelsea F.C. and Machester United in the English Premier League, you can place wagers on either of the team to win from your comfort space, on your device and if you correctly predict the outcome, you'll win money.
How to Bet on Sports?
Sport betting gives more thrill and involvement in the sport to the bettor.Istockphoto
Now that you understand the basic mechanism of sports betting, how and where should you place your bets? For new bettors, sports betting can be a little intimidating because you're putting real money as stakes and no one wants to lose it. Here are the steps to place your sports bets online:
Choose a betting site: The first step to placing your sports bets is to find a reliable sports betting site. BetRivers sportsbook is one of the most popular sports betting sites in the US which also has a mobile app. It has a solid design with intuitive navigation, user friendly and polished layout.
Sign up: After choosing the website, you must sign up and provide simple details like your name, email address, age etc. to verify your proof of identity and if you're legally allowed to start betting in the state or not.
Deposit money in your online sportsbook: Once you've registered an account, you can immediately deposit some money and place your bets on the sport of your choice. Most online sports betting platforms accept numerous deposit methods. BetRivers accepts various methods like online banking, Paypal, Visa, Mastercard, pay+, etc; and withdrawing money is as simple as depositing the amount.
ALSO READ: The Growth of The Sports Betting Market
Locate the market: Before placing your first bet, pinpoint the sports you want to place bets on, then select specific competitions or leagues that interests you the most. Then you need to find a team you want to bet on. Do some research on the odds and market. Once you've made up your mind you can bet your money on your prediction.
Place your first bet: Once you're certain about your bet, you're required to enter the amount you want to bet. Most sites give you a preview of how much a bettor stands to win in the bet slip. If you're satisfied with the odds, you can happily hit the button to confirm your bet and wait for the results.
Enjoy the game: The bet has been placed, the game has started, now all you need to do is sit back, relax and watch the game and let your bet come in.
Disclaimer: (This article is sponsored and includes some commercial links)
It is indeed good news that the book showcasing the wisdom of India in the eyes of Western intellectuals is getting due recognition and appreciation from other states and abroad. After Karnataka and Punjab, the Government of Assam has recently consented to translate the research-based book by Shillong-based author - Shri Salil Gewali titled "Great Minds on India". The Chief Minister of Assam - Shri Himanta Biswa Sarma was amazed to know that so many top western scientists and philosophers have drawn a considerable amount of inspiration from ancient scriptures of India, particularly in the studies of modern physics, linguistic and astronomy. In the recent meeting with the author, the Chief Minister had highly appreciated Gewali's book and promised to read it thoroughly. Gewali's book was also approved for translation in the year 2020 by the former Chief Minister – Shri Sarbananda Sonowal but due to COVID-19, the translation work was delayed.
Follow NewsGram on Facebook to stay updated.
Furthermore, the two scholars from Canada --- Dr Hema Murty -- Air Space Engineer at the University of Toronto, and Dr. Harsh H Thakkar of Sheridan College of Brampton, Ontario have sought permission from Mr. Gewali for the translation of 'Great Minds on India' into the Sanskrit language. After the translation, the Sanskrit edition will be published and circulated and utilized by Samskrita Bharati of Canada, besides its other branches in India, USA and UK. Gewali says that the book that has been praised by countless scholars and publication by the Government of Karnataka and Punjab has so far been translated into thirteen languages, including German.
'Great Minds of India' by Salil Gewali is an impressive compact book discussing the power that Indian ancient wisdomFile
A university scholar from Winchester, United Kingdom - Ms. Janet Murphy remarks:
" 'Great Minds of India' by Salil Gewali is an impressive compact book discussing the power that Indian ancient wisdom, thought and way of life had an impact on western minds, especially those who are of great historical significance, such as Voltaire, Albert Einstein, Ralph Emerson, Julius Robert Oppenheimer, Mark Twain, HG Wells et al. It is hoped all right-thinking scholars will find Gewali's work extremely applaudable."