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Survival challenge The Covid-19 pandemic has become a severe challenge for most industries and businesses. Since early this year, about 59,800 businesses have stopped operation, an increase of 23 percent over the same period in 2020. Despite this gloomy picture, Vietnam’s startup ecosystem is still developing and becoming more vibrant than ever. Many startups in Vietnam have announced successful fundraising of millions of US dollars in 2021. In January, MoMo announced completion of the fourth round of fundraising (series D) from world investors, including new investors and investments from Goodwater Capital, Kora Management and Macquarie Capital, as well as existing shareholders Warburg Pincus, Affima Capital and Tybourne Capital Management. In the series D round, according to the agreement between the parties, MoMo does not announce the amount of investment received. However, a source told Bloomberg that the total value of investment in this round was more than US$100 …

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The National Steering Committee for COVID-19 Prevention and Control has adjusted the pandemic response strategy in the direction of safely, flexibly adapting to and effectively controlling COVID-19, implementing pandemic control and socio-economic development at the same time, and striving to bring the country back to the new normal situation by the end of September, stated Prime Minister Pham Minh Chinh, who is the head of the committee. Prime Minister Pham Minh Chinh addresses the meeting (Photo: VNA) Speaking at an online meeting on September 25 between the steering committee and officials from 10,400 communes, wards and townships, 705 districts, and 63 cities and provinces nationwide, the PM noted that so far, COVID-19 has been gradually put under control in the majority of localities, but complicated developments continue. Statistics of the committee showed that last week, the number of new cases reduced 9.7 percent to 72,236, while the death toll …

[Read more...] about Vietnam aims to return to new normal situation by September 30: PM

Vietnam is seeking different ways to get more vaccines and speeding up its inoculation campaign. The Sports and Fitness Industry Association (SFIA) in a letter sent to US President Joe Biden on Friday [Sept 24] proposed the Biden Administration send additional vaccines to their key apparel and footwear partners in Asia, particularly Vietnam. Vietnam's Prime Minister Pham Minh Chinh at the government meeting on Sept 25. Photo: VNA The vaccines will help their Vietnamese partners mitigate the impact on the industry as Vietnam is the second-largest supplier of footwear to the US behind China. SFIA made the proposal shortly after Biden announced that the US government would send 500 more million vaccine doses to developing and low-income countries. In his letter to the president, SFIA President and CEO Thomas Cove welcomed this news and highlighted the urgent need to expand these efforts in Vietnam. “Our industry has never experienced global disruptions and …

[Read more...] about Today’s Covid News: US retail groups call on Biden to donate more vaccines to Vietnam