Vaccinations

S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P

Illustrative photo. (Source: VNA) Hanoi (VNA) – The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB ” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance. It is a very positive move when S&P Global Ratings upgraded Vietnam’s sovereign credit rating amidst numerous global uncertainties and challenges, the ministry said in a statement, adding that it reflects an international recognition of Vietnam’s efforts to stabilise and recover the macro-economy and reinforce the socio-political foundation. Vietnam is one of the only two Asia-Pacific nations that have had its ratings upgraded since the beginning of this year, factoring in that Vietnam’s economy remains on a solid track to recovery following the complete removal of domestic and cross-border mobility restrictions, outstanding improvement in COVID-19 vaccination rates and a flexible shift in virus control strategy. It is … [Read more...] about G&P Global Ratings raises Vietnam’s sovereign credit rating

A health worker is processing COVID-19 test sample. VNA/VNS Photo HÀ NỘI — Việt Nam registered 1,239 new COVID-19 infections, all domestically transmitted, and no deaths on Friday. The Ministry of Health also announced that 9,365 COVID-19 patients were given the all-clear, bringing the number of recoveries to 9,431,450. Hà Nội still had the most daily infections with 297. This is the first time in six months the capital city has recorded less than 300 new cases in one day. The other localities reporting new transmissions were Vĩnh Phúc (86), Phú Thọ (63), Hải Dương (59), Nghệ An (56), Yên Bái (55), Quảng Ninh (51), Tuyên Quang (43), Nam Định (37), Đà Nẵng (35), Lào Cai (32), Thái Bình (30), Hồ Chí Minh City (30), Thái Nguyên (30), Sơn La (29), Điện Biên (26), Bắc Kạn (25), Lâm Đồng (23), Hà Nam (21), Hà Giang (19), Hà Tĩnh (18), Quảng Bình (18), Hải Phòng (17), Hòa Bình (15), Bình Phước (12), Hưng Yên (12), Ninh Bình (11), Thanh Hóa (11), Bắc Giang (11), Quảng Trị (10), … [Read more...] about Việt Nam logs 1,239 new COVID-19 cases, no deaths on Friday

An additional 1,239 new Covid-19 infections were confirmed on Friday, raising the national tally to over 10.71 million, according to the Ministry of Health. Illustrative photo According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 33 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (297), Vinh Phuc (86), Phu Tho (63), Hai Duong (59), and Nghe An (56). As of Friday evening, the number of Covid-19 patients in Vietnam has increased to over 10.71 million. The country now stands 12th among 227 countries and territories worldwide in the number of infections. On May 27, an additional 9,365 more patients recovered from the disease, raising the number of recoveries in the country to over 9.43 million. On Friday evening, no deaths related to Covid-19 were announced. The total fatalities stood at 43,078. By May 26, the country had injected more … [Read more...] about Additional 1,239 Covid-19 infections confirmed on Friday, no death

Vietnam’s skilled workforce, optimistic economic outlook, and competitive wage prices are among the factors drawing foreign investors’ attention to the country. An estimated 21% of Indian companies that have operations in Southeast Asia or expect to do so in the future show their plan to expand their businesses in Vietnam in the next two years. Whilst, 26% of Chinese corporates in Vietnam are looking to prioritize growth here over the next two years. Car production at Thanh Cong Hyundai Plant. Photo: Viet Dung These are some of the key findings from HSBC Navigator: SEA in Focus , which surveyed more than 1,500 companies from six of the largest economies in the world, including China, France, Germany, India, the UK, and the US – all of which have operations in Southeast Asia or have plans to do so in the future.  The survey gauges their sentiment on doing business in Southeast Asia, with a particular focus on trade, digitization, and sustainability. … [Read more...] about Companies from China and India temped to move to Vietnam

Insured patients are waiting to receive medicine at Trung Vuong Hospital Recently, many people have reported that physicians at Thu Duc City Hospital or satellite clinics of the hospital asked them to go out to buy medicine because the hospital is short of medicine. Many patients with health insurance cards have been angry about losing their benefits; therefore, they have sent petitions to responsible agencies. Talking about this, Director of the Department of Health of Ho Chi Minh City Associate Professor Tang Chi Thuong said that right after the social distance, the number of patients with health insurance cards coming to Thu Duc City Hospital for examination and treatment increased from 80 percent to more than 100 percent compared to the number during the epidemic outbreak. According to the data of the health sector, the number of outpatients with health insurance cards in August 2021 was only about 28,048 persons while it was 75,459 patients in April 2022. Worse, the Thu … [Read more...] about Hospitals in HCMC short of medicines

2022 Education World Forum drew education chiefs from more 100 countries in the world (Photo: VNA) London (VNA) – Vietnam shared experience in ensuring education services for children during and after the COVID-19 pandemic , as well as national climate education policies at the 2022 Education World Forum (EWF) that took place in London from May 23-26. At a discussion on the renovation of education at low cost in Asia, Deputy Ambassador of Vietnam to the UK To Minh Thu highlighted measures that Vietnam has applied to make sure all children access education services, especially during months of social distancing that forced children at all education levels to stay at home since the fourth wave of COVID-19 hit Vietnam in April 2021. She said that the Vietnamese Government rolled out various measures with the priority of vaccination for youngsters to enable schools to reopen from March 2022. So far, more than 98 percent of the students aging from 12-17 years old in … [Read more...] about Vietnam shares experience in ensuring education services amid COVID-19