Vietnam asean economic community

31 of the new cases were recorded in HCMC, 18 in Bac Giang, 18 in Binh Duong, seven in Bac Ninh, five in Da Nang, three in Long An, two each in Lang Son, Dong Nai and Ha Tinh, and one each in Nghe An and Nam Dinh. Of the cases in HCMC, 16 had had close contact with previoulsy confirmed patients, seven are associated with a Christian mission coronavirus cluster, one linked to the cluster at the HCMC Hospital for Tropical Diseases while the rest are being contact traced. All the cases in the northern provinces of Bac Giang are associated with existing outbreaks at local industrial parks. Six patients in its neighbor Bac Ninh are also linked to local industrial parks while the source of transmission of the remaining case remains unclear. The new cases in the southern Binh Duong Province, a major industrial hub bordering HCMC, are linked to previously confirmed Covid-19 patients. The new patients in Da Nang City had had close contact with a coronavirus patient and had been already isolated following contact tracing. The new cases in Long An Province, which also neighbors HCMC, had already been quaratined as close contact of a coronavirus patient. In Dong Nai, another industrial hub that borders HCMC, one patient is linked to the cluster at House Ware Company in Binh Duong Province and the remaining is being contact traced. The cases ended Dong Nai's 45-day streak of having no Covid cases.The two new cases in Lang Son Province are associated with the cluster at Quang Chau industrial park in Bac Giang. The new cases in Nghe An, Ha Tinh and Nam Dinh had already been quaratined. Bac Giang Province registered another 178 cases who had been detected days earlier in isolated areas, putting the tocal cases recorded on Saturday at 471. Since the new wave started on April 27, Vietnam has registered 9,644 community transmissions in 41 cities and provinces. Bac Giang, Bac Ninh and HCMC account for most of the infections, at 5,310, 1,506 and 1,481. Bac Giang …

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133 local COVID-19 cases reported on June 17 evening Vietnam reported 136 new COVID-19 cases, including 133 domestic ones, in the past six hours to 6pm on June 17, according to the Ministry of Health. Bac Giang province and Ho Chi Minh City each logged 62 cases, while Bac Ninh had six, Ha Tinh two and Lang Son one. Of them, 131 infections were found in quarantine facilities and sealed off areas. As of June 17 evening, Vietnam documented a total 12,150 COVID-19 cases, including 10,483 locally transmitted ones. The number of cases since April 27, when the latest resurgence began, amounted to 8,913. On the day, 63 patients were given the all-clear, bringing the number of recoveries to 4,653. The death toll stood at 61. Among active patients undergoing treatment at medical establishments, 407 have tested negative for coronavirus SARS-CoV-2 once, 114 twice and 65 thrice. Twenty-four provinces have gone through 14 consecutive days without new cases. As of 5pm on June 17, the COVID-19 vaccine fund had received nearly 5.7 trillion VND (248.23 million USD) from 316,466 organisations and individuals, its managing board announced. In a bid to live safely with the pandemic, the Health Ministry has called on citizens to follow the 5K message, including khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering), and khai bao y te (health declaration), to help contain the outbreaks./. Vietnam wins silver at Asian Taekwondo Champs 2021 Anh Tuyet wins a silver medal at the Asian Taekwondo Championships 2021. Vietnamese martial artist Nguyen Thi Anh Tuyet on June 16 secured a silver medal during the Asian Taekwondo Championships 2021 which is taking place in Beirut, Lebanon. However, the Vietnamese athlete lost in the final game against an opponent from the Republic of Korea to ultimately finish the competition with a silver medal. The 24th Asian tournament has attracted 337 athletes from 28 countries, …

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The housing market may run away from economic fundamentals. The State Bank of Vietnam (SBV) is facing a delicate balance of curtailing excessive lending to real estate developers while reducing imminent Covid-19 risks to the sector, according to HSBC. Referring the property sector as an increasing source of growth for Vietnam, the bank in its latest report noted real estate activity in the country accounts for 8% of the GDP, while the ratio in ASEAN is between 5% and 15%. More restrictive macro-prudential measures would require if the property market shows more signs of overheating. Photo: Minh Long “The memory of a housing bubble of 2007-12, which ultimately led to a prolonged banking crisis, looms large in the collective conscience. Even after a gradual recovery in the banking sector, real estate loans continue to account for a large proportion of bank balance sheets,” noted the HSBC. While some banks do not have a specific classification on loans to the real estate sector, balance sheets of the “Big-4” SOE banks [Vietcombank, Vietinbank, BIDV, Agribank] reveal a key linkage with the associated construction sector, stated the bank. As the real estate market has been hit by the pandemic, there are signs that it is recovering. Although output fell in year-on-year terms in the second and third quarters of last year, it registered a strong rebound from the fourth quarter. Meanwhile, property prices continue to rise, partly due to accommodative monetary policy that offers low-interest rates and abundant liquidity, along with a sharp rise in the price of luxury condos, growing 9% year-on-year 2020 vs. a 4-5% price increase in the mid-end and affordable segments. Demand for luxury and high-end properties remains elevated, with their market share increasing from less than 30% of total units sold in 2019 to more than 70% in 2020. According to the HSBC, FDI data suggests that even though new FDI inflows into the real …

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