Yesterday business news

HCM City to implement third relief package worth 7.3 trillion VND Ho Chi Minh City will carry out the third relief package worth 7.3 trillion VND (around 320.7 million USD) sourced from the local budget to help more households and informal workers affected by the COVID-19 pandemic, said Vo Van Hoan, Vice Chairman of the municipal People’s Committee. Speaking at a press conference held by the city’s Steering Committee for COVID-19 Prevention and Control on September 20, Hoan said given complicated developments of the COVID-19 pandemic in the city and prolonged social distancing, people face more difficulties due to job loss and having no income. Therefore, in addition to the social security relief packages of the city's Vietnam Fatherland Front Committee and other organisations and individuals, the municipal People's Committee continues to implement the third relief package to help ease difficulties for local residents. According to reports from the People's Committees of …

Continue Reading about VIETNAM NEWS HEADLINES SEPTEMBER 21 →

Illustrative image (Photo: VNA) Hanoi (VNA) - The ADB has revised down Vietnam's 2021 GDP growth forecast from 6.7 percent to 3.8 percent due to a resurgence of the COVID-19 pandemic that has tightened the labour market, lowered industrial output, and disrupted agricultural value chains, according to a report released by the bank on September 22. At a virtual press conference, ADB country director Andrew Jeffries said the prolonged COVID-19 pandemic and extended lockdowns have weakened consumption and investment, hampering Vietnam’s growth prospects. “But the Vietnamese economy will bounce back if the COVID-19 pandemic is brought under control by the end of 2021 and 70 percent of the country’s population are vaccinated by the second quarter of 2022," he said. ADB remains bullish on the country’s prospects in the medium and long term. Growth could be aided by a revival of domestic demand, an acceleration in the disbursement of public investment, and an expansion to new export …

Continue Reading about ADB optimistic about Vietnam’s economic prospect despite slowdown →

Vietnam confirmed an additional 11,527 Covid-19 infections on Wednesday and 11,919 patients were discharged from hospital following their recovery the same day, according to the Ministry of Health. According to the ministry's report, 11,525 of the new patients are locally-transmitted cases confirmed in 35 localities including HCM City (5,435), Binh Duong (4,179), Dong Nai (930), Long An (191), An Giang (186), Kien Giang (137), and Tien Giang (89). There were two imported patients confirmed today. The new infection number showed a decrease of 165 cases compared to yesterday's figure. There were 5,870 infections found in the community. As of Wednesday evening, 714,497 infections have been reported since the new outbreak occurred in the country in late April, with some southern localities recording high infections such as HCM City (353,655), Binh Duong (187,493), Dong Nai (42,362), Long An (31,041), and Tien Giang (13,464). The outbreak has so far spread to 62 out of 63 cities and …

Continue Reading about Nearly 12,000 Covid-19 patients recover on Wednesday →

As the capital relaxed its coronavirus restrictions starting Tuesday, thousands of residents flooded the streets at night to celebrate the Mid-Autumn Festival. Streams of vehicles closely packed together could be seen on downtown streets like Trang Thi, Dinh Tien Hoang and Ly Thai To. "If there was any person infected with the Delta variant among the crowds in Hanoi last night, transmission is extremely likely. Once it happens, authorities would find it difficult to contact trace, as they have no idea who's made contact with whom," said Tran Dac Phu, senior advisor at the Public Health Emergency Operations Center. While the capital city authorities had advised people to only go out if necessary despite the relaxed restrictions, the gathering large crowds like Tuesday night without adequate coronavirus control measures may severely impact efforts to fight Covid-19. Even if most people were wearing masks, close proximity can still allow infections to happen, Phu said. However, he …

Continue Reading about Hanoi Mid-Autumn Festival crowds can spark new outbreaks: experts →

At the signing ceremony between firms of Vietnam and the US (Photo: VNA) Hanoi (VNA) – The T&T Group on September 21 signed several MoUs and contracts with US partners within the framework of President Nguyen Xuan Phuc’s working trip to the US. The Vietnamese firm inked an MoU with UPC Renewables on working together in offshore and nearshore wind and solar power projects in several provinces in Vietnam with a combined capacity of nearly 1,500 MW and total investment of about 2.5 billion USD. T&T Group also sealed two deals in buying animal feed materials totalling 525 million USD. Accordingly, its agricultural arm T&T Agri will import 1.25 million tonnes of materials worth 450 million USD from The Delong Company next year. The other is an agreement in principle valuing at 75 million USD per year also between T&T Agri and US firm Valero. Meanwhile, the group's pharmaceutical arm, T&T Pharma reached a deal worth 23 million USD to be the sole distributor of …

Continue Reading about T&T Group, US partner reach deal in renewable energy in Vietnam →

South Korean President Moon Jae In has announced that they would send over one million Covid-19 vaccine doses to assist Vietnam in its Covid-19 fight. South Korean President Moon Jae-in (R) meets with Vietnamese State President Nguyen Xuan Phuc in New York on September 21 on the sidelines of the 76th UN General Assembly. President Moon announced the vaccine donation plan during his meeting with Vietnamese President Nguyen Xuan Phuc in New York on the sidelines of the United Nations General Assembly’s 76th session on September 21 (New York time). According to President Moon, the vaccine donation to Vietnam will be South Korea’s first direct provision of the vaccine to a foreign nation, except for its financial support through the COVAX Facility. The vaccine is expected to be sent to Vietnam in October. Thanking the South Korean Government for timely vaccine support, President Phuc emphasized that Vietnam would continue to create favourable conditions for South …

Continue Reading about South Korea to donate one million doses of Covid-19 vaccine to Vietnam →

A representative of HCM City's Youth Union wears the costume of a traditional character of the Mid-Autumn Festival, as she presents gifts for children of migrant workers in dormitories in HCM City (Photo: VNA) HCM City (VNS/VNA) - Many children in Ho Chi Minh City , the country’s coronavirus epicentre, have enjoyed a special Mid-Autumn Festival this year despite social distancing regulations thanks to joint efforts of authorities, organisations and volunteers. In the past three days, the dormitories of migrant workers in Son Ky, Tay Thanh wards in Tan Phu district; Tan Nhut, An Phu Tay wards in Binh Chanh district; and Hiep Phuoc Industrial Zone in Nha Be district have been full of the sounds of happiness with children’s laughter. Youngsters celebrated their Mid-Autumn Festival with mooncakes, milk, small boxes of candy and biscuits, as well colourful paper lanterns. These are in gift packages for the full-moon festival local authorities, youth unions and benefactors, …

Continue Reading about Efforts made to bring special Mid-Autumn Festival to kids amid COVID-19 →

A medical worker takes a sample from a resident in Hà Nội's Hai Bà Trưng District for COVID-19 testing. — VNA/VNS Photo HÀ NỘI — Việt Nam reported 11,527 new cases of COVID-19 on Wednesday, including 11,525 locally transmitted and two imported cases, according to the Ministry of Health. The new infections bring the country's total tally to 718,963. HCM City is still the hardest hit with 5,435 new cases, followed by the southern provinces of Bình Dương (4,179) and Đồng Nai (930). The capital city of Hà Nội recorded seven new infections. The rest cases are in Long An (191), An Giang (186), Kiên Giang (137), Tiền Giang (89), Cần Thơ (48), Tây Ninh (48), Bình Định (43), Bình Phước (26), Khánh Hòa (21), Đắk Nông (20), Hà Nam (20), Quảng Bình (19), Đồng Tháp (18), Ninh Thuận (15), Phú Yên (14), Đà Nẵng (10), Bình Thuận (9), Thừa Thiên Huế (9), Quảng Trị (9), Bà Rịa - Vũng Tàu (8 ), Bạc Liêu (8 ), Quảng Ngãi (6), Trà Vinh (4), Lâm Đồng (3), Bến Tre …

Continue Reading about Việt Nam reports an additional 11,527 COVID-19 cases on Wednesday →

The Ministry of Health reported 11,527 in Vietnam on Wednesday, together with 11,919 discharged patients and 236 deaths. Thirty-five provinces and cities logged 11,525 domestic cases while the country recorded another two imported infections, the health ministry said. The ministry had documented 11,687 locally-infected patients on Tuesday. Nearly 5,900 of the latest domestic cases were found in the community, with the remaining detected in sectioned-off areas or centralized quarantine facilities. Ho Chi Minh City reported 5,435 local infections, down by 1,086 patients from yesterday; Binh Duong Province 4,179, up by 570; Dong Nai Province 930; Long An Province 191; An Giang Province 186; Kien Giang Province 137; Can Tho City 48; Da Nang 10; and Hanoi seven. Vietnam has confirmed 714,497 community transmissions in 62 out of its 63 provinces and cities since the fourth – and worst – virus wave emerged in the country on April 27. Ho Chi Minh City suffers the most with 353,655 …

Continue Reading about 11,527 new COVID-19 cases recorded in 35 provinces, cities in Vietnam →

Many restaurants in Hanoi cleaned up overnight to prepare for their business resumption after more than 50 days of lockdown. Photo: Duc Thanh Since early September, Ho Chi Minh City has allowed food and beverage (F&B) businesses to provide takeaway services from 6am to 6pm. To ensure that pandemic prevention measures are met, the city has requested such businesses to also apply the stay-at-work model, with continuous coronavirus tests for their staff every two days. Despite the green light, many F&B businesses in the city remain careful. Harry Ang, founder of the Singaporean restaurant chain Lion City told VIR, “It’s a good decision to extend the lockdown and utilise more time for planning the next steps to prevent another outbreak. We have been preparing well, as we know that life will never be the same again. All plans have to be carefully executed according to prevention protocols.” He added that he agrees with the local authorities on COVID-19 tests as a good way …

Continue Reading about F&B groups breathe sigh of relief after relaxation of social distancing protocols →