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/ March 9, 2021

VIETNAM NEWS HEADLINES MARCH 9

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 …

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/ March 8, 2021

VIETNAM BUSINESS NEWS MARCH 8

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into the market pushed liquidity to a record high level. However, the new proposal may not only prevent new investors from entering the market but also discourage existing investors. “The plan to raise the minimum trading lot to 1,000 shares could quickly reduce the number of orders delivered daily on HOSE. However, it will cause frustration among small investors who are directly affected by the plan as they think they are not protected,” said Do Bao Ngoc, Deputy General Director of Kien Thiet Securities Vietnam (CSI). “This plan, if in place, will affect the rapid development of the stock market under the current favourable conditions, one of which is great interest from global investors,” he said. “Under the new plan, the most affected are the investors whose trading accounts have VND1 billion or less,” said Nguyen Hoang Hai, Vice Chairman of Viet Nam Association of Financial Investors (VAFI) According to VAFI statistics, investors whose trading accounts have VND500 million or less …

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/ March 8, 2021

Trees thousands of years old – treasures beyond price

No measure of money can be exchanged for the mark of time. These trees, with a lifetime of over 1,000 years, are associated with national culture and history. Apitong tree dates back to Hung Kings Vietnam’s oldest tree has been carefully taken care of by authorities. Topping the list of longevity is the apitong tree, which holds the record for the oldest tree in Vietnam and is related to the sacred tale of Thien Co temple (Trung Vuong commune, Viet Tri city, Phu Tho province). According to scientists, the tree is more than 2,100 years old. Legend has it that the temple is located on the capital land of the ancient Van Lang country. This apitong tree, over the two millennia, has been a witness to the natural and social history of the locality with invaluable cultural and spiritual values. It was recognized as a Heritage Tree by Vietnam Association for Conservation of Nature and Environment (VACNE) on May 28, 2012. Thien Co temple worships the wedded couple, teacher Vu The Lang and Nguyen Thi Thuc, who raised Princesses Tien Dung and Ngoc Hoa, the offspring of 18th Hung Vuong King, as noted in ancient book entitled “Ngoc Pha Hung Vuong”. The pair was buried by the locals in the village, the temple was later built, and the tree was planted alongside at from that time. This is the oldest tree in Vietnam. The largest Cinnamomum camphora nationwide This tree was named a Vietnamese Heritage Tree on November 26, 2013. Giua villagers (Tien Luc commune, Lang Giang district, Bac Giang province) take great pride in the 1000-year-old Camphor tree which has a diameter of 2.59 meters, and is almost 30 meters high. Essential oils are present in all parts of the plant, making it an exceedingly rare breed. In addition, the tree roots contains safrol which is a valuable ingredient in food processing and cosmetic technology. This massive tree is recognized as one of the two largest Cinnamomum camphoras on the …

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