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/ March 6, 2021

Vietnam records six new COVID-19 infections on March 6 evening

All the new patients had been previously quarantined and are being treated at a COVID-19 treatment hospital in Hai Duong province. By the evening of March 6, Vietnam had recorded a total of 2,507 COVID-19 patients, including 1,584 domestically-transmitted cases. Up to 891 domestic infections have been detected since the third wave of outbreaks hit the country on January 27. The Treatment Subcommittee said that 1,920 patients have recovered from the disease to date, while the number of deaths related to COVID-19 was still kept at 35. Among active patients undergoing treatment, 65 tested negative to the coronavirus SARS-CoV-2 once, 57 twice and 137 thrice. As many as 49,565 people who had close contact with COVID-19 patients or entered Vietnam from pandemic-hit regions are currently under quarantine nationwide, including 1,290 in hospitals, 14,199 in other establishments and 34,076 at home. 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). …

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/ April 16, 2020

Vietnam turns green light to export of medical masks to pandemic-hit countries

The Hanoitimes - The move is taken to support domestic producers in overcoming the unprecedented crisis due to the Covid-19 pandemic and these items are only allowed to export to countries heavily affected by the coronavirus. The Vietnamese government has allowed the export of medical masks, protective clothing and medical equipment, provided that domestic demand for those items is met (including for reserves), VnExpress quoted Prime Minister Nguyen Xuan Phuc as saying at a meeting on April 15. The move is taken to support domestic producers in overcoming the unprecedented crisis due to the Covid-19 pandemic and these items are only allowed to be shipped to countries affected by Covid-19. Illustrative photo Under the Vietnamese government’s resolution dated February 28, in the context of the Covid-19 pandemic, medical face masks could be shipped out of the country only for the purpose of international aid provided by the Vietnamese government. In addition, the business is allowed to export a maximum of 25% of its output. The regulation aimed to give priority to the fight against the pandemic in the country and ensure sufficient medical equipment for doctors. According to the health ministry’s data, Vietnam currently has 68 producers of medical masks and protective suits. A number of textile enterprises have also started importing production lines of these items, such as Garment 10 Corporation Joint Stock Company, TNG Investment and Trading Joint Stock Company, among others. An executive of Garment 10 Corporation Joint Stock Company said that it received a foreign order for 400 million medical face masks with delivery set for July. TNG Investment and Trading Joint Stock Company also plans to start producing medical masks from mid-May. The enterprise has ensured sources of materials to produce the above-mentioned items after its output basically meets the domestic demand. Besides, Vietnam has successfully produced waterproof cloth …

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/ March 6, 2021

Equity investment in Vietnam reaches new peak

Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into fresh tech startups which provide breakthrough solutions in retail and services, such as booking and placement of online healthcare consultation, e-commerce, and provision of recruitment and human resource platforms, among others. The scale of transactions was, however, modest as most of the ventures targeted Vietnam’s fledging tech startups. A series of sectors have been showing bright investment prospects in the beginning of 2021, including logistics, education, healthcare, technology, and renewable energies. Companies in retail and services related to breakthrough solutions were also high on the investors’ radar. For instance, the leading US equity fund Warburg Pincus poured $100 million into MoMo’s e-wallet which had 20 million users in 2019, and $130 million came from Singapore-headquartered private equity firm Northstar Group directly into Tiki’s pockets – one of Vietnam’s three leading e-commerce platforms in 2020. Vingroup, Vietnam’s top private conglomerate, …

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