Basquiat 37 million

Hanoi (VNA) – The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an agreement to provide another 40 million USD for the Orient Commercial Bank (OCB) to help it with the support of COVID-hit clients, especially small- and medium-sized enterprises. The one-year renewable senior loan offers OCB additional liquidity to continue lending to businesses as the bank is offering payment relief to its borrowers at the same time. OCB will prioritise clients working in sectors facing direct impact of COVID-19 like tourism and production as well as those related to disease response activities. Nguyen Dinh Tung, CEO of OCB, said COVID-19 impacts are projected to continue for a long period of time, thus difficulties facing the business community, particularly small- and medium-sized enterprises (SMEs), remain tremendous.  … [Read more...] about Additional 40 million USD for Vietnamese bank to aid SMEs amid COVID-19

Employees store coffins, some marked with "infection risk" as others have "corona" scrawled in chalk, in the mourning hall of the crematorium in Meissen, eastern Germany, on January 13, 2021, amid the new coronavirus COVID-19 pandemic. As Germany's Meissen crematorium struggles to cope with an explosion in deaths from the coronavirus pandemic in the region, coffins are stacked up to three high or even stored in hallways awaiting cremation.(JENS SCHLUETER / AFP) The surge in Europe's biggest economy comes as the global death toll from the pandemic approaches two million and many countries double down on virus restrictions, with vaccination drives still in their infancy. … [Read more...] about Germany hits 2 million infections as WHO tackles new strains

Hanoi (VNA) - The Vietnam Red Cross Society (VNRC) targets mobilising the necessary financial resources to provide at least 1.5 million gifts to poor and near-poor households, victims of Agent Orange (AO), victims of natural disasters and COVID-19 in 2020, and other vulnerable people ahead of the Lunar New Year (Tet) holiday. It forms part of the annual “Tet for the poor and AO victims” campaign held under the “Humanitarian Power 2020” programme, which aims to call on support from all to help the impoverished, AO victims, and other disadvantaged people nationwide enjoy a warm Tet. The VNRC said the programme will be broadcast live on the National Assembly Television Channel on January 16 night. A SMS campaign has been launched to mobilise funding for “Tet for the poor and AO victims”. Each text message with the word “TET” sent to 1409 before February 28 will contribute 20,000 VND (0.90 USD) to the fund. The VNRC and its chapters … [Read more...] about Red Cross Society hopes to present 1.5 million Tet gifts to the needy

The divestment of State capital in the SCIC’s enterprises was implemented in line with legal regulations, ensuring publicity and transparency, achieving high efficiency, and preserving and developing State capital, Thanh said. … [Read more...] about SCIC reports $286 million in pre-tax profit for 2020

Additionally, Ho Chi Minh City - Moc Bai expressway will be started in 2021 and completed simultaneously with the construction of the hospital, which will help improving Cu Chi District’s infrastructure, ease traffic congestion, facilitate attraction of investment and eliminate the gap between inner city and outlying districts. … [Read more...] about HCMC starts to build US$80 million general hospital in Cu Chi outlying district