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Vietnam joint stock commercial bank for industry and trade

/ February 26, 2021

VIETNAM NEWS HEADLINES FEB. 26

Hanoi reports case of COVID-19 relapse A patient has tested positive for SARS-CoV-2 again after being given the all-clear, the Hanoi Centre of Disease Control (CDC Hanoi) said on February 25. The 48-year-old patient, who resides in Dich Vong ward in Cau Giay district, has been taken to the National Hospital for Tropical Diseases for further quarantine and treatment. The case does not pose any risk of community transmission, Deputy Director of CDC Hanoi Khong Minh Tuan said. Hanoi had reported 36 COVID-19 cases between January 27 and 12pm on February 25, according to the municipal Department of Health. Vice Chairman of the Hanoi People’s Committee Chu Xuan Dung said relevant agencies have been asked to assess infection risks and put forward solutions to reach the “new normal”./. Citizen protection provided to Vietnamese affected by record cold in Texas The Vietnamese Consulate General in Texas and Vietnamese representative offices in the US are keeping a close watch on the record cold temperatures in Texas, have appointed staff on-duty around the clock, and are coordinating with host authorities to conduct necessary citizen protection measures, Foreign Ministry spokesperson Le Thi Thu Hang said on February 25. Hang told reporters that a majority of the 300,000 or so Vietnamese people in Texas have been seriously affected by the record-breaking snow storm and cold spell, which cut power and water supplies. According to official information from Texas authorities, four Vietnamese Americans were killed in a fire in the state, Hang said, adding that the Vietnamese Consulate General in Houston has contacted Vietnamese people and students in the local area to offer support. People seeking help are advised to contact the citizen protection hotlines of the Vietnamese Embassy in the US and the Vietnamese Consulate General in Houston, or the Citizen Protection Call Centre of the Ministry of Foreign Affairs’ Consular Department./. Localities ordered to …

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/ February 26, 2021

Retired deputy minister becomes bank president

VietBank’s president has unexpectedly resigned and his position has been transferred to a former government official. VietBank's chair of the board of directors Bui Xuan Khu VietBank has announced that Duong Ngoc Hoa resigned from the post of chair of the board of directors on February 23 and the office has been taken by Bui Xuan Khu, who was Deputy Minister of Industry Trade. Khu became a member of the bank’s board of directors in 2011 after he retired. Later, he acted as deputy chair of the board of directors until he was appointed president of the bank. Khu is the next former high-ranking official to become a bank president. Le Thi Bang Tam, former Deputy Minister of Finance, is now president of HDBank and president of Vinamilk. Tam joined Vinamilk in 2013 as an independent member of the board of directors. She has been president of the nation’s leading dairy producer since 2015 and president of HDBank since 2010. She is also a senior advisor to some foreign financial institutions. A lot of former government officials became businessmen after their retirement. Tran Xuan Gia, former Minister of Planning and Investment Tran Xuan Gia, became the president of ACB in 2008-2012. Gia, together with a lot of former senior managers of the bank, including Ly Xuan Hai, Le Vu Ky and Trinh Kim Quang, were investigated in a case related to Nguyen Duc Kien, or ‘Mogul Kien’. Kieu Huu Dung, former director of the Banks and Non-bank Credit Institutions Department, served as president of Sacombank in 2014-2017. He later became president of ACB Securities and president of Sacombank Securities. The other officials included Pham Viet Muon, who was Vice Chairman of the Government Office, Cao Sy Kiem, former Governor of the State Bank of Vietnam (SBV) and Truong Van Phuoc, former head of SBV’s Foreign Exchange Management Department. Former Deputy Minister Bui Xuan Khu, who joined VietBank in 2011, also has a lot of business experience as he was general …

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/ February 25, 2021

VIETNAM NEWS HEADLINES FEB. 25

Buddhists pray online due to COVID-19 outbreak Blood shortage warned as donations postponed due to COVID-19 outbreaks The resurgence of the COVID-19 pandemic in many cities and provinces in recent weeks has seriously affected the blood supply for medical treatment. Although many people and organisations responded to the call of blood donation by the National Institute of Hematology and Blood Transfusion (NIHBT) on February 19, the amount of blood received per day was still only a few hundred units while the average need for treatment each day is from 1,200 to 1,500 units. There is usually a shortage of blood during the Tết (Lunar New Year) holiday as the holiday lasts long while blood has a short shelf life and many patients still need blood transfusions during Tết. This year, the pandemic's resurgence has made the shortage after Tết even worse. Before Tết, 30 entities requested to postpone or cancel blood donation plans which meant the NIHBT missed out on receiving more than 8,000 units. After the holiday, the institute received information about the delay of 24 more blood donation plans from now to the end of March with an expected donation of 5,000 units. In addition, the blood donation schedule in March cannot be confirmed because it depends on the university and college's return to the school schedule. This means the blood reserves of the institute are decreasing. If this situation continues, blood reserves will decrease to an alarming threshold, fell into a state of scarcity and seriously affect the blood supply to health facilities. The Institute’s director Bạch Quốc Khánh said: “The estimated blood demand for emergency and treatment in February and March of the institute is about 50,000 units.” “With blood donation schedules maintained up to now, there was still a shortage of about 20,000 units, seriously affecting the provision of 177 medical facilities in 28 provinces and cities in the north with about 41 million …

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