Deceased Japanese expert infected with new virus variant: Health Minister A Japanese expert who died in Hanoi on February 13 has been infected with a new variant strain of the SARS-CoV-2 virus, said Health Minister Nguyen Thanh Long. Long announced the results of the expert’s genome sequencing at a meeting of permanent Cabinet members in Hanoi on February 24. He did not reveal specifically but said this was the first time the new strain has been detected in Vietnam. The strain, he said, has circulated mainly in the Republic of Korea, Sri Lanka, Taiwan (China), and India. According to the minister, Japan, the deceased expert’s home country, has yet to record this strain. To scientists, the strain it not highly transmissible, but the extent of its aggravation is not clear, said Long. Epidemiologists stated that the new strain is not linked to the fresh coronavirus hotspot in Hai Duong province where a variant strain originating from the United States was recorded. The … [Read more...] about VIETNAM NEWS HEADLINES FEB. 24
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Hi-tech agriculture proves effective in Dong Nai Agricultural production has been affected by abnormal weather conditions, climate change, and diseases over recent years. Many farms in southern Dong Nai province have applied high-technology in agricultural production in order to cope with the situation, helping increase quality and output. High-tech production requires massive investment, not just capital but also technology, equipment, and “grey matter”, to adapt to cutting-edge manufacturing methods. High-tech manufacturing models have been expanded around Dong Nai, especially in animal husbandry and on poultry farms. Dong Nai has more than 46,000 hectares of crops using water-saving technology and the province has gradually changed to green breeding in accordance with Vietnamese Good Agricultural Practice (VietGAP) standards. Agriculture accounts for 8.3 percent of Dong Nai’s economic structure and agro-forestry-fisheries value currently stands at nearly 1.8 billion … [Read more...] about VIETNAM BUSINESS NEWS FEB. 24
The Hanoitimes - Covid-19 has revealed, and even deepened the skills gaps between the current skills and what required to deliver an agile fit-for-the-future business strategy, stated a PwC Vietnam senior executive. To build resilience and emerge stronger through this health crisis, businesses in Vietnam need to rethink business structure, embrace digitalisation, and engage the workforce in a more sustainable way, according to Dinh Thi Quynh Van, general director of PwC Vietnam. Dinh Thi Quynh Van, general director of PwC Vietnam. Ms. Van made the suggestion at the Vietnam Business Summit (VBS), one of Vietnam’s largest international business events organized annually by the Vietnam Chamber of Commerce and Industry (VCCI) on November 12. Under the theme “Digitized Vietnam: Toward Resilient Responsive and Sustainable Development”, the summit provided a platform for leaders from both the public and private sectors to engage in an open dialog on the … [Read more...] about Vietnam businesses urged to rethink towards sustainable and digital future
The Hanoitimes - While debt-to-equity swap may pose risks to the economy, this practice is actually an efficient channel for enterprises to mobilize capital, Lawyer Ha Huy Phong, CEO of Inteco law firm told Hanoitimes in an interview. Lawyer Ha Huy Phong, CEO of Inteco law firm. Do current regulations in Vietnam allow the debt for equity swap? A debt capital market does not only issue credit or transfer debts between qualified financial institutions, but also has other functions, including the debt for equity swap. Therefore, such practice is considered as part of corporate finance and subject to specialized regulations and laws in this field. As stipulated in economic or services contracts, enterprises are obliged to repay debts for their lenders or providers. However, in case the contract stipulates that the parties can swap the debt amount into investment capital, such move is not forbidden by the law. In other words, there is no regulation that ban … [Read more...] about Vietnam business law should be more open to debt for equity swap
In the last decade .their investments in Vietnam swelled by an average of 13 percent a year. By the end of last year their total investment was only around $13 billion, not enough to put Thailand in the top five list, but still managed to have large market shares in several sectors by concentrating their investment in a handful of sectors. In the retail sector, some leading supermarket chains are controlled by two Thai companies, Central Group and TCC Group. Central Group, Thailand’s leading retailer, which belongs to the Chirathivat family, started off in Vietnam as a fashion merchandiser in 2012, distributing products from brands such as SuperSports, Crocs and New Balance. In 2015, it acquired a 49 percent stake in electronics retailer Nguyen Kim through its subsidiary Power Buy. In the same year, it bought out supermarket chain Lan Chi, which operates mainly in northern rural areas. In 2016, it bought supermarket chain Big C Vietnam from France's Casino Group for over $1 … [Read more...] about Which sectors in Vietnam are dominated by Thai companies?