* On July 28, a delegation of the Military Region 5 Command, led by its Deputy Commander Major General Nguyen Dinh Tien, worked with Khanh Hoa province’s Steering Committee for COVID-19 Prevention and Control, the provincial Health Department, and military units to inspect their preparations for the Field Hospital for Infectious Diseases No.4 run by the Defense Ministry. Previously, hundreds of troops from the provincial military command and medical staff from Military Hospital 87, from July 25 to 28, sprayed disinfectants and cleaned the whole field hospital, as well as prepared necessary facilities, medical equipment, etc. to put the hospital into operation at any time. The 500-bed hospital is ready to receive soldiers and people infected with COVID-19 for treatment. * In the same day, Ho Chi Minh City will offer calls free of charge to switchboard 1022, which provides COVID-19 prevention and control-related information, according to the city's Information and Communications …
VIETNAM BUSINESS NEWS JULY 27
Banks set conditions to lower interest rates The recent news by several Commercial Banks to lower lending interest rates can be considered good for businesses in particular and the economy in general. However, lowering loan interest rates is difficult to achieve. Deputy Governor Dao Minh Tu of the State Bank of Vietnam had assigned the Vietnam Banks Association (VNBA) to gather consensus on reducing of interest rates. After VNBA held an online meeting, a record sixteen Commercial Banks agreed to reduce interest rates to support businesses facing difficulties during the current ongoing Covid-19 pandemic. It is believed by many, that reduced interest rates at this time will prove to be a salvation for businesses, besides also providing support for banks. In a nutshell, it will be a boon for businesses, and also lend support to debtors in recovering from their debts. If enterprises are in trouble and unable to pay their debts, it causes more bad debts, besides increasing risk …
Manulife Vietnam named top MDRT company in Viet Nam
Manulife Vietnam named top Million Dollar Round Table company in Viet Nam. — Photo courtesy of the company Manulife Vietnam has taken top honours in the 2021 Million Dollar Round Table rankings for Viet Nam. It secured the top position with a record 1,669 agents becoming MDRT members as of July 1, while also maintaining its No.12 ranking in the list of ‘Top 100 Companies’ globally. The membership numbers represent a 51 per cent increase. Manulife Financial Corporation placed third in the MDRT global rankings of ‘Top 10 Multinational Companies’. For a third year in a row it kept that spot with 6,129 MDRT members and 64 per cent growth. Manulife Vietnam accounted for over 27 per cent of the company’s member global tally. Robert Trieu, chief agency officer for Manulife Vietnam, said: "As the No.1 company in the life insurance industry in terms of market share, Manulife Vietnam aims to recruit the best talent in the market. “We both encourage and support our agents to …
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