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Salesian news agency

/ September 17, 2020

Storm heading towards Vietnam’s central region, expected to hit land on Friday

Noul, the fifth storm to enter the East Sea this year, is gaining strength, heading to the central region of Vietnam and expectedly makes land on Friday. The fifth storm to enter theEast Sea this year is heading to the central region of Vietnam. — Photo kttv.gov.vn According to Mai Van Khiem, director of the National Centre for Hydro-Meteorological Forecasting, the storm would directly affect central provinces, especially Quang Binh, Quang Tri, Thua Thien-Hue and Da Nang with wind speeds of 90-100 km per hour and sometimes hitting 135 km per hour. Heavy rain will blanket the central provinces from Thursday afternoon to Friday night, he said, warning about high risk of flash flood and landslides in the central region. By 1 pm on Wednesday, the storm’s eye was about 680 km away to the south east of Hoang Sa (Paracels) with the strongest wind of 60-75 km per hour, sometimes reaching 90-100 km per hour. The storm is moving west-northwest. It’s expected that by 1pm on Friday, the storm eye will be on the waters close to provinces from Quang Bình to Quang Ngai with wind at the storm eye reaching 100-135 km per hour or more. After making landfall in central provinces from Quang Bình to Da Nang on Friday afternoon or evening, the storm would be weakened to become a tropical low pressure. About 1am on Saturday, the heart of the tropical low pressure is on the border area of Lao and Thailand with strongest wind reducing to 40-50 km per hour. Meeting with ministries and agencies on Wednesday morning to make preparations, Deputy Prime Minister Trinh Dinh Dung raised alert levels, calling for active and timely actions to respond to the storm’s movements. He asked localities, border guards and the transport sector to tighten control over the operation of fishing vessels and tourist ships at sea so the vessels/ships would avoid entering storm-affected areas and find safe shelter. By 10am on Wednesday, border guards informed …

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/ April 10, 2021

Corporate bond rush heads for slowdown

With Vietnamese regulators’ efforts to minimise the risks of corporate bonds’ mass issuance, the landscape is predicted to be cooled down compared to a frenzy of debt instruments in the previous period. Corporate bond rush heads for slowdown. According to fresh data from the Hanoi Stock Exchange, as of January 22, there were seven successful corporate bond private placements with a total value of $279 million and two public offerings of $70 million. The real estate sector accounted for $233.7 million, equivalent to 66.9 per cent of the total issued value. Previously, over $17.82 billion of corporate bonds were issued last year, which increased by 38.5 per cent from end-2019 and 83.5 per cent from end-2018. Albeit a decline in the last quarter of 2020’s issuance volume the real estate sector witnessed the largest corporate bond issuance volume in 2020 of over $6.09 billion, accounting for over 35 per cent of total issuance value at an average coupon rate of 10.52 per cent. The banking sector also made up for nearly 30 per cent, with an average coupon rate of 6.69 per cent, lower than 7.06 per cent in 2019. Some significant bond issuers included BIDV, VietinBank, HDBank, and TPBank. The rush of corporate bond issuance has sought attention from yield-hunt investors in the face of ultra-low interest rates. “Rising medium- and long-term capital demands to satisfy stricter regulations on credit safety limits and capital adequacy ratio in 2021 were putting much pressure on commercial banks to raise funds from bond issuance in late 2020,” explained Nguyen Tu Anh, director of the General Economic Department under the Central Party’s Economic Commission. “On the other hand, foreign investors have been closely engaged in the domestic debt market. In 2020, foreign investors were actively net buyers, expect only three months of slight net-selling, with a total net buying value of $179.7 million.” However, the lack of transparency and independent credit …

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/ April 10, 2021

Japan donates medical equipment to help Hue hospital combat Covid-19

Japan donates medical equipment to help Hue hospital combat Covid-19 The Saigon Times A healthcare technician checks medical equipment, which is part of a donation made by JICA worth more than US$456,000 to the Hue Central Hospital yesterday, April 9 - PHOTO: VNA HCMC - The Japan International Cooperation Agency (JICA) donated medical equipment to the Hue Central Hospital in the central province of Thua Thien Hue on April 9 to support the hospital combat the Covid-19 pandemic. The equipment included an extracorporeal membrane oxygenation machine, a mobile digital X-ray machine and a color Doppler ultrasound machine, which have a combined value of 50 million yen (over US$456,000), according to the Vietnam News Agency. Addressing the handover ceremony, Yakabe Yoshinori, Head of the Japanese Consulate Office in Danang City, spoke highly of the Hue Central Hospital’s efforts in providing sufficient and quality healthcare services to residents in the central region, especially during the Covid-19 pandemic. Yoshinori expressed his hope that the equipment donated by JICA will help the hospital effectively respond to the Covid-19 pandemic and improve the quality of its medical services. Professor Doctor Pham Nhu Hiep, director of the Hue Central Hospital, thanked the Japanese Government and JICA for supporting the hospital over the years and their contributions to Covid-19 infection prevention and control in Vietnam as well as Hue and the central region in particular. JICA has carried out many programs to support the Hue Central Hospital over the past 17 years, including a US$27,243 project to upgrade the infrastructure of the hospital and another project to improve the quality of human resources for the healthcare system in the 2010-2015 period. On the same day, the Hue Central Hospital signed a cooperation agreement with Vinbrain, an Artificial Intelligence software supplier in the healthcare sector, to enhance the application of information …

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