Infection rate

A sixth grader in Hà Nội's Hà Đông District gets vaccinated against COVID-19. — VNA/VNS Photo Minh Quyết HÀ NỘI — A total of 1,275 new COVID-19 cases were recorded in the past 24 hours, according to the Ministry of Health. As many as 7,223 COVID-19 patients were given the all-clear on Thursday, bringing the number of recoveries so far to 9,422,085. The number of recoveries was nearly six times higher than the new infections. The new infections were reported in 47 out of 63 provinces and cities nationwide with Hà Nội continuing to register the highest number of daily infections with 309 cases. Other new infections were detected in Vĩnh Phúc (92), Nghệ An (83), Phú Thọ (80), Đà Nẵng (61), Yên Bái (55), Quảng Ninh (52), Nam Định (44), Lào Cai (42), Tuyên Quang (40), TP. Hồ Chí Minh (37), Hải Dương (36), Thái Nguyên (33), Quảng Bình (30), Thái Bình (27), Bắc Kạn (24), Quảng Trị (24), Hà Tĩnh (18), Hà Nam (16), Cao Bằng (15), Hải Phòng (14), Ninh Bình (13), Hòa Bình (13), Lai … [Read more...] about Việt Nam confirms 1,275 new COVID-19 infections on Thursday

One-third of the number of large-scale enterprises in Hanoi have invested in high-tech agriculture. Hanoi has been promoting the application of hi-tech models to farming in an effort to build up supply-production chains connecting cities and provinces nationwide. Hanoi has 22 cooperatives applying high technology. Photo: kinhtedothi.vn The capital city has developed 160 hi-tech farming models in the outskirt districts of Me Linh, Gia Lam, Thuong Tin, Dong Anh, Thanh Oai, and Dan Phuong, in which nine enterprises specializing in livestock, aquaculture, preliminary processing - consumption of agricultural products including CP, Dabaco, CJ Vietnam, Minh Long, Hanoi Cattle Breeding JSC, and others are investing in high tech agriculture in the city. Director of the Hanoi Animal Husbandry and Veterinary Sub-Department Nguyen Ngoc Son told a conference on May 25 in Hanoi that the situation of livestock and poultry diseases has been complicated and unpredictable … [Read more...] about Hanoi promotes application of hi-tech farming models

At the meeting with NA deputies in HCMC  (Photo: SGGP) On the afternoon of May 26, the National Assembly discussed in groups the amended Law on Inspection and the amended Law on Medical Examination and Treatment. President Nguyen Xuan Phuc emphasized the Law on Medical Examination and Treatment, suggesting there will be clear regulations on medical examination and treatment for children. According to Mr. Phuc, the Law on Medical Examination and Treatment directly relates to people's health, so it is necessary to fix it. But the President said that the law has not mentioned enough the responsibility of the health sector in medical care for children. The President said that children are the future of the nation and the citizens of tomorrow, so they need to receive good healthcare. In this regard, the current Law on Medical Treatment is outdated and does not keep up with real life. Therefore, this time revised Law must add many provisions related to children's rights. The … [Read more...] about Children must be given priority for health examination: President

Real estate bonds shackled by rules - illustration photo At last week’s conference on corporate bonds held by the Vietnam Chamber of Commerce and Industry, experts discussed ways to develop an efficient and sustainable corporate bond market. One of the common recommendations regarded appropriate approaches to credit ratings. According to Can Van Luc, BIDV’s chief economist, there should be clear regulations on credit ratings to help investors easily determine business quality and the risk level of the issued bonds. “It is necessary to identify where a credit rating is mandatory and where a credit rating is encouraged. High-risk businesses should go through compulsory credit rating before bond issuance,” Luc said. “On the other hand, for businesses that have been audited and internationally rated with a long-standing history, a credit rating might not be necessary.” In recent years, the State Bank of Vietnam (SBV) has steadily redirected loan flows towards industry, services … [Read more...] about Real estate bonds shackled by rules

Vietnam expecting to spend even more on imports - illustration photo Southeast Asia is facing rising inflation, a problem that is exacerbated by the failure of energy and food prices to fall. Last month, the Monetary Authority of Singapore (MAS) tightened monetary policy for the third time since October to deal with inflation that is expected to heat up. According to analysts, the MAS has redefined the midpoint of the popular exchange rate policy band and slightly increased the slope of currency appreciation to help the Singapore dollar strengthen against the currencies of other countries. However, the MAS did not change the width of its policy band – a move the institution usually would take when markets are volatile. As a result, the Singapore dollar rose about 0.5 per cent to $1.35 after the MAS’ move. The agency considered the possibility that core inflation would pick up sharply in the coming months, before being revised later this year, due to the sharp increase in … [Read more...] about Vietnam expecting to spend even more on imports

Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability

The pandemic has pushed forward the trends of e-commerce in Vietnam 2-3 years earlier than forecast with the sector growing in size four times over last year, according to a 2021 Lazada report. “Some of the e-commerce trends we expected would happen in 2025, such as in edutech and fintech, have already happened in 2022,” noted Nguyen Huy Hoang, chief business officer at OnPoint E-commerce. “Hence, all e-commerce platform companies are investing hugely in Vietnam.” However, as shopping centres and small brick-and-mortar stores are now reopened, many investors are concerned that the boom in e-commerce was just a short-term fad and the majority of consumers could quickly shift back to offline shopping. On May 12 at the Vietnam Online Business Forum, the general consensus amongst experts was that e-commerce will continue to boost the economy after the pandemic. Specifically, in the first quarter of 2022, the industry saw more than 8 million new online consumers. A survey … [Read more...] about All to play for in e-commerce rise

Legislation review necessary to increase tempo on public disbursement activities, illustration photo/ baodautu.vn Assoc. Prof. Pham The Anh from the National Economics University said that changing the slow disbursement of public investment would be very challenging because of legal risks and responsibility. “I don’t think the slow disbursement is due to the lack of motivation by those responsible for the implementation,” said Anh. “In the past two years, the bottlenecks in public investment were related to the legal environment,” he added, citing legal problems in land clearance. “The Vietnamese government still has the ability to keep up with the disbursement speed by reviewing the legislation related to public investment decisions.” In 2022, the government expects to disburse $17.69 billion according to Decision No.2048/QD-TTg dated December 6, 2021 on assigning state budget investment for 2022. “The latest directives are aimed at disbursing public investment on schedule … [Read more...] about Legislation review necessary to increase tempo on public disbursement activities

Kim Højlund Christensen, Danish Ambassador to Vietnam With the return of tourism and trade activities, can you see any movement from business and investment promotion delegations that are going to visit Vietnam? The Vietnamese government’s recent decision to lift entry restrictions and especially to resume the visa-exemption travel programme for countries, including Denmark, is great news and positively welcomed by the Danish business community. Many Danish companies are already planning their visits to Vietnam this month and early next month to meet with their local business partners in person. At present, there are over 130 Danish companies represented in Vietnam. Therefore, there will be a large number of business visitors and delegations from headquarters in Denmark or other locations in the region coming here in the near future to visit their production facilities or to find new investment opportunities. Besides that, we also expect to have trade delegations visit our … [Read more...] about Danish investors pinpointing rising potential of Vietnam’s green energy

An additional 1,275 new Covid-19 infections were confirmed on Thursday, raising the national tally to over 10.71 million, according to the Ministry of Health. According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 33 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (309), Vinh Phuc (92), Nghe An (83), Phu Tho (80), and Danang (61). As of Thursday evening, the number of Covid-19 patients in Vietnam has increased to over 10.71 million. The country now stands 12th among 227 countries and territories worldwide in the number of infections. On May 26, an additional 7,223 more patients recovered from the disease, raising the number of recoveries in the country to over 9.42 million. On Thursday evening, no deaths related to Covid-19 were announced. The total fatalities stood at 43,078. By May 25, the country had injected more than 220 million doses of Covid-19 vaccines, including over … [Read more...] about Vietnam reports additional 1,275 fresh Covid-19 cases, no death