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The Hanoitimes - The city advises local residents against going out unless absolutely necessary and to mask up when doing so. Danang has begun to ease social distancing from today [September 11], allowing shops and restaurants to reopen. However, non-essential businesses, such as hair salons, karaoke rooms, gyms, remain closed, and crowded events are not allowed. Non-essential businesses, such as hair salons, karaoke rooms, gyms, remain closed, and crowded events still suspended. Photo: Bao Danang Restaurants and cafes and their customers must comply with safety measures such as keeping the safe distance of at least one meter among them, measuring their body temperature and wash hands with sanitizer. Municipal authorities asked residents to avoid going outside if not necessary, wear face masks in public places or in public transport vehicles, wash their hands regularly, and keep a safe distance from others. Gatherings of more than 30 people outside of schools, offices and hospitals are also banned. Crowd-gathering events include festivals, fairs, weddings, or funerals that remain prohibited until further notice. Local residents will be given ticket to go shopping every three days. Junior and high schools, and colleges, universities will begin the new school year from September 14, while primary schools and kindergartens will start opening from September 21. The beach city has gone 13 consecutive days without community infection of Covid-19. The city’s authorities started easing social distancing orders since September 5 after 40 days of  urgent measures implementation to combat Covid-19. From September 7, the city resumed all passenger transport services to and from Danang as the Covid-19 pandemic situation here has been put under control. As of September 11, the city confirmed that 320 of 394 Covid-19 patients were discharged from hospitals and 31 died. …

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Pham Hong Quat, director general, NATEC and Leon Cai, regional director (Ho Chi Minh City), Enterprise Singapore The Vietnamese agency (NATEC) and Enterprise Singapore (ESG) have renewed their cooperation for another two years. What will be the focuses in the next stage? How will it benefit the innovation landscape for Singapore and Vietnam? Pham Hong Quat: Singapore is considered to be the hub of innovation as well as a “paradise” for startups, with startup-friendly policies including subsidies and a range of incubation schemes. With its advanced IT infrastructure, strong government support, intellectual property laws, and deep tech talent pools, Singapore has become a world-leading technology innovation centre. Thus, the cooperation between NATEC and ESG will provide an open space for best practices and know-how sharing, particularly on the crafting and execution of startup and innovation supporting policies, as well as building and operating startup hubs. Through market access programmes and joint events, Vietnamese startups will have a chance to experience and benefit from peer-to-peer learning with their counterparts. Operating in the world’s leading and most vibrant ecosystem, Singaporean startup founders and teams have admirable skills and qualities, for example, creative thinking; entrepreneurship and management skills; fundraising and management; as well as research and development (R&D). Moreover, there will be a high chance that our startups can find great partners or clients in a new market. One of the biggest concerns for Vietnamese startups might be how to get funding from venture capital funds or angel investors and how to manage them wisely, especially during the crisis. Thus, what they need to focus on is acquiring valuable know-how and skills from their counterparts and taking any opportunity to interact and learn from experienced investors and mentors. Leon Cai: The renewed MoU will build on existing partnerships between …

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Pharmaceutical sector riding high on back of pandemic. Source: freepik.com Swiss pharma giant Novartis delivered a solid performance in 2020 across strategic priorities. Net sales reached over $48 billion in the fiscal year, up 2.5 per cent on-year. Its core net income hit $13.15 billion, up 8.67 per cent. Novartis CEO Vas Narasimhan said, “Operationally, we grew sales and continued to improve core operating margins for innovative medicines. We advanced our next wave of medicines, achieving a number of new approvals highlighted by Kesimpta in the US, and Leqvio and Zolgensma in the EU, and progressed our broad and deep mid-stage pipeline of first-in-class medicines.” Last year Novartis continued to focus on its status as a leading medicines company powered by advanced therapy platforms and data science. It also continued to advance transformative innovation for patients, including treatments for hyperlipidemia and multiple sclerosis. Coronavirus-related lockdowns in several areas negatively impacted particular therapeutic areas such as ophthalmology, dermatology, and the Sandoz retail business. However, the group’s operations remain stable and cash collections continue according to normal trade terms, with daily sales outstanding at normal levels. Operationally, solid sales growth, improved gross margins, and productivity including lower spending drove double-digit growth in core operating income. The innovative medicines segment core margin increased by 2.2 percentage points to 35 per cent of sales, and Novartis expects this margin to improve in the midterm. Meanwhile, French multinational pharma company Sanofi saw sales increase 3.3 per cent to just over €36 billion ($43.78 billion) in full-year performance, driven by Dupixent and vaccines. Business earnings per share (EPS) was €5.86 ($7.13), up 3.9 per cent on a reported basis and 9.2 per cent at constant exchange rates (CER), ahead of the guidance of 7-8 per cent. Sanofi CEO Paul Hudson …

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