No new COVID-19 infections logged on March 9 morning Vietnam reported no new COVID-19 cases in the past 12 hours to 6:00 am on March 9, according to the National Steering Committee for COVID-19 Prevention and Control. The country recorded 1,586 domestically-transmitted infections, including 893 cases since the latest outbreak began on January 27. As many as 45,219 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas are under quarantine nationwide, including 506 in hospitals, 14,266 in other quarantine sites, and 30,446 at home. Among the patients under treatment, 65 have tested negative for SARS-CoV-2 once, 57 twice, and 137 thrice. The Treatment Sub-committee said that 1,920 patients have been declared to be clear of the coronavirus so far. Vietnam launched its COVID-19 vaccination programme on March 8, with healthcare workers being first in the queue. They received AstraZeneca vaccine shots, which was granted the Emergency Use Listing by the World Health Organisation for active immunisation to prevent COVID-19 in individuals aged from 18. In a bid to live safely with the pandemic, people should strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering) and khai bao y te (health declaration)./. Dozens of illegal immigrants found in border provinces Police in the Mekong Delta province of An Giang have detected tens of Chinese citizens illegally entering Vietnam. The provincial steering committee for COVID-19 prevention and control said on March 8 that 34 illegal Chinese immigrants had been sent to concentrated quarantine facilities and tested for COVID-19. Further investigation and contact tracing are underway. Local authorities and residents were asked to stay vigilant and follow pandemic preventive measures. Earlier on March 4 and 7, police in Chau Doc city found automobiles carrying seven and 13 Chinese …
Agent orange in vietnam
VIETNAM BUSINESS NEWS MARCH 9
Shares cut early gains to end lower as bank stocks decline Vietnamese shares trimmed early gains on Monday with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.04 per cent to close at 1,168.27 points. It had risen 0.02 per cent last week. More than 652.7 million shares were traded on the southern bourse, worth VND15.6 trillion (US$673.9 million). Market breadth was positive with 274 gaining stocks and 183 losers. After the lunch break, the market fluctuated in a quite negative direction as many banking stocks dropped sharply and pushed the VN-Index down to the reference level. Asia Commercial Bank (ACB) fell 2 per cent to VND31,800 per share, VPBank (VPB) lost by 1.1 per cent to VND41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to VND95,200 per share and Techcombank (TCB) dropped by 0.9 per cent to VND38,850 per share. On the opposite side, the oil and gas sector increased, becoming one of the best-performing sectors in Viet Nam on Monday, data on vietstock.vn showed. Vietnamese oil and gas stocks grew well, including PetroVietnam Gas JSC (GAS), Viet Nam National Petroleum Group (PLX), PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Power Corp (POW), and PetroVietnam Technical Services (PVS). “The market was moving sideways around 1,168 points. Liquidity increased slightly from the previous session and market breadth was positive, showing that investment cash flow is spreading,” said BIDV Securities Co. “Foreigners were net sellers on both HoSE and HNX. The VN-Index is likely to consolidate in the range of 1,160-1,200 points in the coming sessions,” said the company. Foreign investors net sold VND1.25 trillion on HOSE, including PVPower (POW) (VND212.8 billion), Vinamilk (VNM) (VND203.9 billion) and Hoa Phat Group (HPG) (VND171.5 billion). Foreigners were net sellers on …
Residential segment sees little impact amid Covid-19 pandemic
Residential segment sees little impact amid Covid-19 pandemic The Saigon Times High-rise apartment buildings in HCMC - PHOTO: VNA HCMC – As Vietnam is experiencing the third wave of the Covid-19 pandemic, which continues to impact the hospitality industry and various real estate sectors, prices of the residential segment appear to have remained unchanged and sales unaffected. David Jackson, chief executive officer of Colliers International in Vietnam, said the hospitality industry would be the most impacted, evident by hotels, tours and flight cancellations by domestic tourists and the limited number of international arrivals into Vietnam. However, the Covid-19 pandemic did not significantly impact the prices of residential properties in 2020, despite all condominium segments and landed properties having seen their prices increase from 2019. Sales remained robust, with agents and buyers taking to social media to interact, instead of the previous face-to-face interaction. Buyers are looking at the long-term picture after the Covid-19 pandemic and Vietnam’s infrastructure development and economic growth can help boost property prices. Jackson projected that if the pandemic continues, it may result in delays in construction or new launches as developers have to grapple with social distancing measures. They may face financial constraints or be forced to wait for a more suitable time to launch their projects. Talking about changes for investors during the “new normal” situation, Jackson said social distancing is prevalent and more interactions happen online, with developers and investors using social media to transact. In this aspect, if the investors are tech savvy and manage to understand the projects through online interaction, it can offer even more opportunities for speculators to profit. Those who speculate need to be careful during this “new normal”. Projects that are newly launched are more challenging to flip than projects that …
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