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Vietnam’s digital economy presents chances for investors, start-ups The newswire techwireasia.com on June 16 ran an article saying that Vietnam has been steadily growing its highly promising digital economy, presenting multiple opportunities for investors, startups, and businesses alike. The author wrote that in recent years, the Southeast Asian region has been seeing rapid and sustained efforts and investment into various digital economy initiatives by both the public and private sectors. Tech giants have been creating waves, most recently the Tokopedia-Gojek merger, and earlier, Grab pushing for a US listing with a valuation of over 40 billion USD. Estimates by Google, Temasek, and Bain & Co predicted that the Vietnamese sector could grow to 52 billion USD by 2025, which comes up to about a sixth of the massive 300 billion USD regional digital economy pie. According to the article, backed by a stable political climate, progressive economic policies, and … [Read more...] about VIETNAM BUSINESS NEWS JUNE 18

First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19

133 local COVID-19 cases reported on June 17 evening Vietnam reported 136 new COVID-19 cases, including 133 domestic ones, in the past six hours to 6pm on June 17, according to the Ministry of Health. Bac Giang province and Ho Chi Minh City each logged 62 cases, while Bac Ninh had six, Ha Tinh two and Lang Son one. Of them, 131 infections were found in quarantine facilities and sealed off areas. As of June 17 evening, Vietnam documented a total 12,150 COVID-19 cases, including 10,483 locally transmitted ones. The number of cases since April 27, when the latest resurgence began, amounted to 8,913. On the day, 63 patients were given the all-clear, bringing the number of recoveries to 4,653. The death toll stood at 61. Among active patients undergoing treatment at medical establishments, 407 have tested negative for coronavirus SARS-CoV-2 once, 114 twice and 65 thrice. Twenty-four provinces have gone through 14 consecutive days without new cases. As of 5pm on June 17, the … [Read more...] about VIETNAM NEWS HEADLINES JUNE 17

Vietnam logs 90 new domestic COVID-19 infections Vietnam recorded 102 new COVID-19 cases, including 90 domestically-transmitted and 12 imported, in the past six hours to 6pm on June 19, the Ministry of Health announced. Among the domestic cases, 31 were detected in Ho Chi Minh City, 18 in Bac Giang, 18 in Binh Duong, seven in Bac Ninh, five in Da Nang, three in Long An, two in Lang Son, two in Dong Nai, two in Ha Tinh, one in Nghe An and one in Nam Dinh. As of 18:00 on June 19, the country had logged 11,213 domestic infections and 1,687 imported cases. The number of local infections since the fourth wave of outbreaks hit the country on April 27 has reached 9,936, including 2,280 recoveries. Among active patients undergoing treatment, 395 have tested negative to coronavirus once, 127 twice and 131 thrice. A total of 5,054 patients were given the all-clear from the virus while the death toll related to the disease amounted to 64./. Best conditions created for trial of … [Read more...] about VIETNAM NEWS HEADLINES JUNE 19

HCM City to kick off COVID-19 vaccination campaign on June 19 Ho Chi Minh City is set to begin its COVID-19 vaccination campaign on June 19, with priority groups to get injected with about 800,000 AstraZeneca vaccine doses donated by the Japanese Government. Checking the vaccine preservation at a cold storage warehouse in the Cat Lai Industrial Park on June 17, Deputy Minister of Health Nguyen Truong Son said among the 966,300 vaccine doses donated by the Japanese Government to Vietnam, 836,000 doses were allocated to HCM City. He noted according to regulations, a batch of vaccine delivered to Vietnam will undergo examination, which will take 48 hours, at the Hanoi-based National Institute for Control of Vaccines and Biologicals, and only when the vaccine gets the quality certificate can it be put into use. The largest-ever vaccination campaign in HCM City is scheduled to last for about five to seven days, targeting the priority groups identified in the … [Read more...] about VIETNAM NEWS HEADLINES JUNE 18