Vietnam wall of faces

The flag carrier is looking for potential investors to acquire a stake in Pacific Airlines while trying to evaluate its value, and whether a private placement offer or public auction is suitable for the deal, Vietnam Airlines head accountant Tran Thanh Hien told shareholders at the annual general meeting Tuesday. There are several different decrees on state capital management that should be consulted for each of the two options, which Vietnam Airlines are studying in great depth, he said. Another challenge involves Pacific Airlines having accumulated a loss, with extra rules governing the sale of such companies, he added. Hien said Vietnam Airlines is requesting the government to help it find a suitable investor in Pacific Airlines in a way that ensures transparency in legal implementation. The state-owned carrier said in a recent report that Pacific Airlines is in a "severe" financial situation and is facing insolvency. The low-cost carrier is reporting an accumulated loss … [Read more...] about Vietnam Airlines faces legal headache in sale of ailing Pacific Airlines

Vietnam is facing heavy burdens of morbidity and mortality caused by non-communicable diseases. Therefore, being able to control risk factors, improve disease prevention, make early diagnoses, and manage treatments of such illnesses are the common targets of the health system and society. Besides being the leading unit in treating some chronic diseases, Sanofi is at the forefront of the investment trend in digital healthcare transformation. One of the outstanding projects is the "Ask For Better" Q&A with experts series, a cooperative programme between Sanofi with the University Medical Center of Ho Chi Minh City, the Hanoi Medical University Hospital, and Jio Health. This programme has been broadcasted periodically to answer questions from the audiences and improve the knowledge of society on common non-communicable diseases. It attracted over 570.800 views in 2021. This show has been presented on diverse digital platforms with the purpose of increasing the interaction … [Read more...] about Sanofi’s leader sees Vietnam as a promising market for healthcare

Channels in District 4 of HCMC are cleaned from waste Statistics from the Vietnam Institute of Meteorology, Hydrology and Climate Change (under the Natural Resources & Environment Ministry) reveal that by 2050, if the sea level increases by 18-30cm, Vietnam will lose about 2 percent of its GDP. Its agriculture will bear the most damages, seeing a drop of 13.5 percent in its added value and a loss of $43 billion from 2020-2100. In 2100, if the sea level rises by 100cm, 6.3 percent of the surface area of Vietnam will be lost, while the affected proportions of the railway system, national roads, and provincial roads will be 4 percent, 9 percent, and 12 percent, respectively. The Mekong Delta will experience the most severe damages, at 52.39 percent; followed by the Red River Delta at 31.4 percent and the Central coastal area at 9.1 percent. Vietnam will face a high chance of non-economic damages like declining health, relocated economic zones, land loss due to land slide, … [Read more...] about Vietnam urgently fighting against climate change

Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management. The Ministry of Industry and Trade (MoIT) is responsible for maintaining adequate supplies of petrol  and avoiding disruption risks. Overview of the meeting. Source: VGP The Government Office released the conclusion of Deputy Prime Minister Le Minh Khai at a meeting of the Price Management Committee last week. According to Khai, Vietnam is facing high inflationary pressure amid rising prices of strategic commodities such as petrol, fertilizers, and transportation costs. In this context, recent price hikes of petrol products since early 2022 have resulted in the price of RON 95-IIII hitting a record high of nearly VND33,000 (US$1.42) per liter, leading to the uptick of  prices of other products and services. Khai, therefore, called for the MoIT to stay active in the management of petrol supplies … [Read more...] about Vietnam Deputy PM expects no disruption to petrol supplies

One person was killed and another injured in a wall collapse that took place during the demolition of a house in Ho Chi Minh City on Sunday. The accident occurred at a house on Dang Nguyen Can Street in Ward 14, District 6 at around 8:25 am on Sunday, according to preliminary information. A group of workers were demolishing the house to prepare for the construction of a new one when a big wall collapsed and buried two people. Officers use a crane truck in their efforts to rescue the victims of the wall collapse in Ho Chi Minh City, June 26, 2022. Photo: PC07 After being notified, officers under the Fire Prevention and Fighting and Rescue Police Division (PC07) arrived at the scene to rescue the victims. With the help of a crane truck, officers eventually managed to move the victims out of the debris, but one of them had already died. The other suffered serious injuries and was rushed to the hospital for emergency treatment. Police are working to determine … [Read more...] about One killed as wall collapses during house demolition in Ho Chi Minh City

A new species of damselfly, an insect closely related to the dragonfly, has been discovered by a researcher from Da Nang’s Duy Tan University studying biodiversity in the Central Highlands province of Kon Tum. Damselflies and dragonflies are indicative of the water quality and general health of an ecosystem.  They also help protect crops from pests. Dr. Phan Quoc Toan first wrote publically about the newly discovered species in an article published in the international journal of Zootaxa in early February, where he announced it would be named Coeliccia lecongcoi in honor of the scientific contributions made by Le Cong Co, the first president of Duy Tan University in the central city of Da Nang. Two damselflies of the Coeliccia lecongcoi are seen in tandem in this photo taken from Phan Quoc Toan’s paper published in Zootaxa in February 2019 . Phan Quoc Toan shows Coeliccia lecongcoi, the latest damselfly that he found in Vietnam and was featured in a … [Read more...] about New damselfly found in central Vietnam

Inflation in Vietnam currently does not warranty an increase in interest rates or tightening of currency. At present, Vietnam is in a more favorable position than many other countries in the world. No undue pressure In a conversation with Saigon Investment, Dr. Ho Quoc Tuan from the University of Bristol, commented that when talking about global inflation, the first factor that comes up is the increase in the price of energy and raw materials across the world which have been greatly affected by the Russia-Ukraine war. Among the factors that are affecting the most are energy prices of crude oil and gas. Analysts in this field have said that even with the US President visiting Saudi Arabia, the ability to deal with energy supply is still very difficult. Currently, the US Congress is trying to come up with policies to encourage domestic production of shale oil, but they are also not too optimistic. Dr. Ho Quoc Tuan said that this means that the supply cannot be resolved this year … [Read more...] about Inflation not a domestic problem in Vietnam

The adaptation of circular economic models would help Vietnam realize its commitment to net-zero carbon emissions target by 2050. The Ministry of Natural Resources and Environment (MONRE) today [June 28] held a conference to kickstart the formulation of a national action plan to promote a circular economy in Vietnam. Minister of MONRE Tran Hong Ha at the event. Photos: UNDP At the event, Minister of MONRE Tran Hong Ha said climate change, environmental pollution, and the degradation of the natural ecosystem are posing threats to the world. He referred to the sixth assessment report of the Intergovernmental Panel on Climate Change (IPCC-AR6) which stated that if global warming gradually increases 1.5 degrees Celsius above the pre-industrial level, some impacts may be lasting or irreversible, such as the loss of some ecosystems. The IPCC also estimated since 2008, around 20 million people annually have been forced to leave their homes behind due to extreme … [Read more...] about Vietnam to draft national action plan for circular economy adaptation

At some public hospitals in Vietnam, modern medical equipment, whose procurement was covered by the state budget or private firms, has been left idle, while patients are waiting for treatment. The situation will affect such patients and put them at a disadvantage if it lingers. The healthcare sector is facing difficulties as multiple healthcare officials, including the health minister , have faced criminal charges and been in detention for their wrongdoing in medical equipment procurement, suspending the purchase of medical equipment and medicines. Equipment has no fault As a case in point, two robots, named Mako and Rosa, had been used for joint and cranio-cerebral surgeries at Bach Mai Hospital in Hanoi since 2017. However, the two robots have been suspended and when they will be put to use again is unknown. These two robots are related to a price gouging case at the hospital whose former director was arrested along with many leaders and employees of the robot … [Read more...] about Modern equipment left idle at public hospitals in Vietnam

In the first six months of 2022, Vietnam Airlines has resumed flights to 14 countries and territories, including the UK, France, Germany, Australia, the US, Japan, Korea, Thailand, Malaysia, Singapore, Laos, Cambodia, Taiwan, and Hong Kong. Lately, the airline has opened a new route to India and is preparing the necessary conditions to immediately reopen flights to China, Myanmar, and Russia when the conditions permit. The national carrier is expected to resume flights to Indonesia in July and key international routes to Japan, Korea, and Australia in November at the same flight frequency as in 2019. It hopes that it will be able to restore the entire international flight network, equivalent to that in 2019 by the end of 2023. The gradual restoration of international flight routes is an opportunity for Vietnam Airlines to improve the usage efficiency of resources, increase revenue, improve production and business results, reduce losses, and aim at profits in the following years. … [Read more...] about Vietnam Airlines plans to restore its entire flight network by the end of 2023