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/ February 27, 2021

Generali launches Fenice 190 to support sustainable recovery from COVID-19

Established in 1831, Generali is present in 50 countries around the world with total premium income of more than €69.7 billion ($85.2 billion) in 2019 To mark this occasion and leave a tangible and lasting recognition of the bond between the company and the regions where it was born and has prospered, Generali announces Fenice 190, a €3.5 billion ($4.2 billion) investment plan to support the recovery of the European economies impacted by COVID-19, starting in Italy, France, and Germany and to then targeting all European countries in which Generali operates throughout the five years of the plan. Fenice 190 will make the extraordinary initiatives launched in 2020 to tackle the effects of the pandemic permanent, which included investments in support of small- and medium-sized enterprises (SMEs) and the real economy already surpassing the established objective of €1 billion ($1.2 billion). The more than 70,000 employees of Generali will play a leading role in celebrating the milestone of 190 years of the group's history. To add to this initial amount, Generali is pledging an annual commitment of €500 million ($611 million) per year, over the next five years, for sustainable growth through international investment funds focusing on infrastructure, innovation, and digitalisation, SMEs, green housing, healthcare facilities, and education. “Generali is one of the few companies in the world that can boast such a long history. It possesses an extraordinary wealth of knowledge and experience, thanks to which the group is able to face the challenges of today while contributing to a better future for the communities in which it operates, both as an insurer and a social innovator,” said Philippe Donnet, CEO of Generali Group. “The 190 th anniversary falls in a decisive year in which we must overcome the most serious global crisis of the post-war era and lay down the foundations for a wide-scale global recovery. With Fenice 190, we want to be a leader in …

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/ February 26, 2021

VIETNAM BUSINESS NEWS FEB. 26

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of power being bought annually during the 2016-2020 period. This northern neighboring market can sell up to 3,000 MW of electricity or more to Vietnam from now until 2030. Petrol prices rise under latest adjustment The Ministries of Industry and Trade and Finance revised petrol prices upwards as of 3pm on February 25, marking the first increase since the traditional Lunar New Year (Tet) holiday. The retail price of E5RON92 bio-fuel rose nearly 700 VND to 17,031 VND (0.74 USD) per litre at a maximum, while that of RON 95 increased over 700 VND to 18,084 VND per litre. Diesel 0.05S and kerosene, meanwhile, are now no more than 13,843 VND and 12,610 VND per litre, up by around 800 VND and 700 VND, respectively. According to the two ministries, the prices of petrol and oil in the global market have been rising strongly for 15 days, hence the adjustment. The two review fuel prices every 15 days to ensure domestic prices are in keeping with the global market./. Aquatic product …

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/ February 27, 2021

The health sector reforms strongly and comprehensively to better serve the people

The health sector is confronted with many difficulties, challenges and opportunities for development. With its long-standing traditions, the entire health sector will constantly strive to rise above to serve the country and the people and fulfill all its assigned tasks, thus living up to the trust given it by the Party and people. In 2020, the world witnessed the rampage of the COVID-19 pandemic with over 105 million cases globally and more than 2.3 million fatalities, affecting all aspects of life. In Vietnam, with the detailed and mindful direction of the Party and the Government; the involvement of the National Steering Committee for COVID-19 Prevention and Control, ministries, departments, branches and localities; and especially the unanimity and active participation of people from all strata of society, the pandemic has ben proactively controlled and contained. In particular, the health sector upheld the tradition of solidarity, creativity and willingness to stand firmly in all hot spots and successfully control the outbreaks, minimise the number of deaths, and curb the spread of the disease. Thanks to this, we have achieved the dual goal of effectively containing the pandemic and maintaining economic development. In addition to contributing to successes in the fight against the pandemic, with an innovative mindset, the health sector also made many breakthroughs in order to better serve the people. The inception of a remote medical examination and treatment system connecting 1,500 hospitals helps the people access higher-level medical services right at grassroots level, while 97.5 million health records were set up, creating a premise upon which to develop a smart health system. The whole sector actively implemented digital transformation with the introduction of a series of digital health platforms and applications, and the publicisation of drug , medical equipment and service prices, making it more favourable for the people and businesses alike. 2020 also …

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