The cut came as the country’s bank credit growth in the first quarter of this year was only 1.1 per cent, slowing significantly against the 2.28 per cent rate in the same period last year, with many firms scaling down their business due to the adverse impacts of the COVID-19 pandemic. … [Read more...] about COVID-19 pushes banks to lower deposit rates
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EU finance ministers were working on a deal to use the eurozone's 410-billion-euro ($447 billion) bailout fund to fight the virus but the bloc remains divided on pooling debt to issue "coronabonds." … [Read more...] about Trump threatens to cut WHO funding, China lifts Wuhan travel ban
Hanoi (VNA) – The US Embassy in Hanoi said on April 8 that the Governments of the US and Vietnam have worked together to expedite the delivery of made-in-Vietnam personal protective equipment to the US. The first of two initial shipments of over 450,000 DuPont protective suits departed Hanoi on April 7. The US Department of Health and Human Services contracted with FedEx Express to expedite delivery of the suits to the US Strategic National Stockpile in order to address the urgent need for protective equipment for frontline providers responding to the COVID-19 pandemic in the US. US Ambassador to Vietnam Dan Kritenbrink said, “This shipment will help protect healthcare professionals working on the front lines against COVID-19 in the United States and demonstrates the strength of the U.S.-Vietnam partnership.” The US and Vietnamese governments have cooperated extensively in the COVID-19 fight. Since the beginning of this crisis, the US Centers for … [Read more...] about Vietnam, US cooperate to expedite delivery of protective suits for COVID-19 fight
In the unfortunate event of a generalised Covid-19 epidemic in Việt Nam the deadly mix of Covid-19 and superbugs might be even more severe than in Italy considering the high rates of antibiotic resistant bacteria causing Hospital Acquired Infections (HAI). Studies in hospitals throughout Việt Nam showed that half of all patients are colonised with superbugs resistant to most available antibiotics. In Intensive Care Units one third of the patients had HAI commonly with superbugs, resulting in longer treatment times, higher costs and mortality. … [Read more...] about A deadly mix of Covid-19 and superbugs may be the cause of high death rates in Italy – could this also happen in Việt Nam and can it be prevented?
170 stocks gained and 184 lost on the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based. Total trading volume plunged 20 percent over the previous session to VND3.77 trillion ($160.6 million), with order-matched transactions accounting for 75 percent. … [Read more...] about VN-Index edges up in sixth straight gaining session