Business cloud news

Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. … [Read more...] about VIETNAM NEWS HEADLINES MARCH 1

Delegates attend Vietnam-India trade-investment promotion conference (Photo: VNA) New Delhi (VNA) – The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25. The bilateral trade-investment promotion conference titled “Boosting trade-investment cooperation opportunities between Vietnam ese and Indian SME s” was jointly organised by the Trade Office of the Vietnamese Embassy in India, Uttar Pradesh state government, the Indian Industries Association (IIA) and the Hanoi SME Association. IIA President Pankaj Gupta said that several major enterprises of India such as Adani Group, Mahindra, SRF and Suzlon have shown interest in investing in Vietnam. He suggesting Indian enterprises invest in Vietnam in the fields of energy, … [Read more...] about Vietnam offers numerous investment opportunities for Indian businesses

* World Trade Organization members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021, delegates told Reuters. The biennial conference was originally set to be held in Kazakhstan last year but was delayed due to the pandemic. * More COVID-19 cases and deaths were reported in Asia-Pacific on Monday, as India recorded 15,510 new infections, taking the total to 11,112,241. According to the official data, the death toll in India mounted to 157,157 with 106 more deaths. * The Philippines' Department of Health (DOH) reported 2,037 new cases, bringing the total number of confirmed cases in the Southeast Asian country to 578,381. The death toll climbed to 12,322 after four more patients died from the viral disease, the DOH said. * Bangladesh reported 585 new cases and eight more deaths, bringing the tally to 546,801 and the death toll to 8,416, the Directorate General of Health Services (DGHS) said. * Republic of Korea reported 355 more … [Read more...] about World News in Brief: March 1

Many hotels in Hanoi’s Old Quarter area are for sale due to big losses resulting from the Covid-19 pandemic. An owner of a hotel chain in Hanoi’s Old Quarters area said that this was the biggest loss for his business to date. Since being affected by the pandemic, his firm has had to suffer losses of around VND10 billion (USD434,782). The room price discount of a hotel in Hanoi's Old Quarter. Room occupancy rates have plummeted due to Covid-19, in some cases to zero percent, compared to 70-90% previously, he added. At present, his hotel often receives a small number of visitors at weekends, he noted. Meanwhile, another hotel owner Le Xuan Vinh sold his entire eight-hotel chain, sacking 200 staff. He has to pay VND150 million (USD6,521) for each hotel per month in operating costs. So far this year, he has lost VND20 billion amid the tourism slump, Vinh said, noting if the situation does not improve, he would have to look at other business areas. One of his … [Read more...] about Hanoi Old Quarter hotels up for sale due to Covid-19

Taiwan has mainly imported from Việt Nam frozen/fresh tiger and white-leg shrimp and frozen pangasius fillet. Photo baodansinh.vn HÀ NỘI — The Taiwan Food and Drug Administration (TFDA) has announced a list of 697 Vietnamese seafood enterprises permitted to export their products to Taiwan, reported the Việt Nam Association of Seafood Processors and Exporters (VASEP). This list of eligible Vietnamese seafood enterprises is valid from February 23, 2021, according to the TFDA's announcement sent to the Việt Nam Economic and Cultural Office in Taipei, the association said. The VASEP said Taiwan is not among the top 10 seafood export markets of Việt Nam. But this market also has a relatively stable seafood import value from Việt Nam with more than US$100 million per year, accounting for 1.3 to 1.8 per cent of national total seafood exports in recent years. This market mainly imports frozen/fresh tiger and white-leg shrimp, frozen pangasius fillet, processed shrimp, surimi, … [Read more...] about Hundreds of Vietnamese seafood firms permited to export to Taiwan