Hanoi reports case of COVID-19 relapse A patient has tested positive for SARS-CoV-2 again after being given the all-clear, the Hanoi Centre of Disease Control (CDC Hanoi) said on February 25. The 48-year-old patient, who resides in Dich Vong ward in Cau Giay district, has been taken to the National Hospital for Tropical Diseases for further quarantine and treatment. The case does not pose any risk of community transmission, Deputy Director of CDC Hanoi Khong Minh Tuan said. Hanoi had reported 36 COVID-19 cases between January 27 and 12pm on February 25, according to the municipal Department of Health. Vice Chairman of the Hanoi People’s Committee Chu Xuan Dung said relevant agencies have been asked to assess infection risks and put forward solutions to reach the “new normal”./. Citizen protection provided to Vietnamese affected by record cold in Texas The Vietnamese Consulate General in Texas and Vietnamese representative offices in the US are keeping a close watch on the record cold temperatures in Texas, have appointed staff on-duty around the clock, and are coordinating with host authorities to conduct necessary citizen protection measures, Foreign Ministry spokesperson Le Thi Thu Hang said on February 25. Hang told reporters that a majority of the 300,000 or so Vietnamese people in Texas have been seriously affected by the record-breaking snow storm and cold spell, which cut power and water supplies. According to official information from Texas authorities, four Vietnamese Americans were killed in a fire in the state, Hang said, adding that the Vietnamese Consulate General in Houston has contacted Vietnamese people and students in the local area to offer support. People seeking help are advised to contact the citizen protection hotlines of the Vietnamese Embassy in the US and the Vietnamese Consulate General in Houston, or the Citizen Protection Call Centre of the Ministry of Foreign Affairs’ Consular Department./. Localities ordered to …
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VN market stays positive amid regional downturn
A worker of steel company Hoà Phát Group (HPG). Shares of HPG rose 3.3 per cent on Friday. VNA/VNS Photo HÀ NỘI — Vietnamese shares stayed positive on Friday on the back of strong buying demand, contrasting the downturn of regional stock markets. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.26 per cent to close at 1,168.47 points. It had gained 0.29 per cent to close Thursday at 1,165.43 points. More than 554.5 million shares were traded on the southern bourse, worth VNĐ14.9 trillion (US$642.3 million). Market breadth was neutral with 216 gainers and 209 losers. The recent sharp increase in US Treasury bond yields had a negative impact on Asian stock markets, causing many indices to fall deeply, said financial news site cafef.vn . The Japan's Nikkei 225 lost 3.99 per cent on Friday, South Korea’s Kospi was down 2.8 per cent, Shanghai Composite declined 2.12 per cent and Hong Kong’s Hangseng Index dropped 3.64 per cent. Vietnamese stock market also suffered strong selling pressure in the opening minutes on Friday as it decreased by 17 points. However, the strong bottom-fishing demand from domestic investors helped the VN-Index recover dramatically toward the end of the trading session. The large-cap tracker VN30-Index gained 0.32 per cent to stay at 1,173.60 points. Fourteen of the 30 large-cap stocks in the VN30 basket increased while 14 lost ground. Two stayed unchanged. Notable gainers included steel maker Hoà Phát Group (HPG) with a large gain of more than 3 per cent. Bank for Investment and Development of Vietnam (BID), Military Bank (MBB), Phát Đạt Real Estate Development Joint Stock Company (PDR), Phú Nhuận Jewelry (PNJ) and VPBank (VPB) all climbed more than 1 per cent. On the other side, Vincom Retail (VRE), Khang Điền House (KDH), HDBank (HDB), Vinhomes (VHM) and Thành Thành Công Biên Hoà JSC (SBT) were the stocks that maintained the downtrend of more than 1 per cent decrease. …
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Credendo: Việt Nam continues successful economic story beyond a contained pandemic
Việt Nam continues successful economic story. — VNA/VNS Photo BERLIN — Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Việt Nam, which emphasises that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic. The article quotes the latest country study of Credendo, saying that Việt Nam has been one of the few highly resilient countries during the unprecedented COVID-19 shock. The swift, strict and very effective containment of the virus after the outbreak in neighbouring China largely explains this, it says, noting that an early travel ban, testing and wide-scale contact tracing on top of the containment measures have helped keep the virus under control. While most countries were severely hit and hindered by the economic impact of the virus, Việt Nam’s economy continued to operate at a good albeit slower pace despite an initial high level of business disruption, it says. Credendo's study shows that in 2020, Việt Nam had exceptional economic performance while advanced and emerging economies in all the world’s regions have suffered a record recession. The study says for Việt Nam, the global demand slump was more than offset by the strong global demand for medical products, electronics and computers resulting from the COVID-19 crisis. Hence, exports of goods grew last year. Increased public investments in infrastructure also played a significant role in supporting economic activity. A more accommodative monetary policy – including the State Bank of Việt Nam’s policy interest rate cut from 6 per cent to 4 per cent – brought an extra stimulus. According to Credendo, Việt Nam remains largely immune to the further waves of the virus that are currently affecting many parts of the world. Hence, the Vietnamese authorities will take time to vaccinate the population. Việt Nam is confidently looking ahead to …
