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Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

Health workers, people over 50 and those deemed at high-risk are prioritised to receive one of two approved vaccines, although one has yet to complete clinical trials. On day one around 300,000 people will receive the first of two doses, with Prime Minister Narendra Modi set to launch the programme virtually in New Delhi. Authorities say they are drawing on their experience with elections and child immunisation programmes for polio and tuberculosis in rolling out the vaccine. About 150,000 staff in 700 districts have been specially trained, and India has held several national dry runs involving mock transportation of vaccines. But in an enormous, impoverished nation with often shoddy transport networks and one of the world's worst-funded healthcare systems, it is still a daunting undertaking. Regular child inoculations are a "much smaller game" and vaccinating against Covid-19 will be "deeply challenging", said Satyajit Rath from the National Institute of Immunology. - Bicycle … [Read more...] about India begins mega-rollout of Covid-19 vaccine

Among the bank stocks, STB was the biggest gainer, surging 5% to VND21,200, while HDB, TPB and TCB rose 3-4%. The market saw 51.7 million STB shares traded, the highest trading volume of the stock ever. VCB was among a few bluechips that lost ground as it fell 0.5%. … [Read more...] about Increased liquidity helps VN-Index approach 1,200 points