Vietnam has no COVID-19 case to report on February 28 morning Vietnam saw no new COVID-19 case over the past 12 hours to 6am February 28, making the national tally unchanged at 2,432, according to the National Steering Committee for COVID-19 Prevention and Control. Among the total, 1,530 were locally infected, including 837 cases since January 27. A total 1,844 COVID-19 patients have recovered so far, and the death toll remains at 35. Among those still under treatment, 32 have tested negative for SARS-CoV-2 once, 50 twice and 100 thrice. By February 27 afternoon, 10 provinces and cities had gone through 14 consecutive days without new locally-infected cases of COVID-19. As many as 63,054 people who had close contact with confirmed patients or returned from pandemic-hit regions are being quarantine across the country./. First Vietnam medical achievement award calls 16 winners The Voice of Ho Chi Minh City (VOH), the local official radio broadcasting station, together with the municipal Health Department hosted the first Vietnam medical achievement award ceremony on February 26 to honour 16 contributions to the community’s wellbeing in 2020 from across the nation. The contributions were voted by the public from 22 nominations selected by the award’s council of professionals. Three months after its launch, the award received more than 60 nominations from medical facilities nationwide. Among the winners were the work of doctors at the Cu Chi COVID-19 treatment hospital – the first of its kind in Vietnam, and medical staff at the HCM City Centre for Diseases Control. Since the pandemic begin in the country, hundreds of medical workers in Ho Chi Minh City have taken turns to be at the hospital, while preventive medicine workers at the centre have worked day and night on contact-tracing and testing sample collection. Another was the operation that separated 16-month-old conjoined twins – Truc Nhi and Dieu Nhi, with the sisters now able …
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VIETNAM BUSINESS NEWS FEB. 28
Export value skyrockets over Lunar New Year Vietnam's export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover. The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover. The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value. This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million). According to statistics from the General Department of Vietnam Customs, there were 960 import-export businesses, up 59 per cent on-year. Nevertheless, importers still outnumbered exporters with an import turnover of $940 million, up 37 per cent on-year. Thus, from early this year to February 16, the total export-import turnover reached $74.51 billion, up 31 per cent on-year. Of this, exports hit $38.57 billion, up 36 per cent on-year while imports reached $35.94 billion, up 26 per cent, resulting in a trade surplus of $2.63 billion. Drug market forecast to grow by 15 per cent in 2021 The pharmaceutical industry grew by just 2.8 per cent last year, much lower than its average 11.8 per cent growth in the last five years. It is expected to recover and grow by 15 per cent this year, mainly due to a rapidly ageing population and increasing incomes, analysts at SSI Securities Corporation said. Last year there was a short supply of active pharmaceutical ingredients from China and India due to social distancing and …
Vietnam’s stock market offers new opportunities
The Vietnamese stock market faces a successful year in terms of size and quality Stable development Tran Van Dung, chairman of the State Securities Commission of Vietnam, said Vietnam’s stock market plummeted at the beginning of 2020 as the Covid-19 pandemic pushed foreign investors into the net short position. But the market recovered in the final months of the year, with the VN-Index rising 14.9 percent compared to the beginning of 2020 and 67 percent against the rock bottom recorded in late March. The liquidity of the stock market improved significantly to an average trading value of nearly VND7.4 trillion, with the November and December average at VND10 trillion and VND14.8 trillion per trading session, respectively. The capitalization of Vietnam’s stock market also climbed to 84.3 percent of gross domestic product (GDP). Total capital raised through the stock market hit VND384 trillion in 2020, a year-on-year increase of 20 percent. About 84 percent of large-scale public companies generated profits, a high rate amid the Covid-19 pandemic. The bond and derivatives markets also recorded impressive growth. The State Treasury of Vietnam raised VND333 trillion through government bond auctions in 2020, an increase of 64 percent compared to a year ago, while the figure from the corporate bond market stood at VND400 trillion, equivalent to 14.7 percent of the overall GDP. Deposit interest rates declined from 4.51 percent per year in 2019 to 2.83 percent per year in 2020. The positive results were attributed to the efforts of the State Securities Commission of Vietnam in issuing market-supportive policies and devising solutions to overcome difficulties facing businesses. New opportunities The Vietnamese stock market may experience complicated developments in 2021, depending on how the Covid-19 pandemic develops. In the face of the long-term impact of the pandemic, the world economy in general and the Vietnamese economy in particular need to be …
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