Vietnam has no COVID-19 case to report on February 28 morning Vietnam saw no new COVID-19 case over the past 12 hours to 6am February 28, making the national tally unchanged at 2,432, according to the National Steering Committee for COVID-19 Prevention and Control. Among the total, 1,530 were locally infected, including 837 cases since January 27. A total 1,844 COVID-19 patients have recovered so far, and the death toll remains at 35. Among those still under treatment, 32 have tested negative for SARS-CoV-2 once, 50 twice and 100 thrice. By February 27 afternoon, 10 provinces and cities had gone through 14 consecutive days without new locally-infected cases of COVID-19. As many as 63,054 people who had close contact with confirmed patients or returned from pandemic-hit regions are being quarantine across the country./. First Vietnam medical achievement award calls 16 winners The Voice of Ho Chi Minh City (VOH), the local official radio broadcasting … [Read more...] about VIETNAM NEWS HEADLINES FEB. 28
Due process of law 14th amendment
VIETNAM BUSINESS NEWS FEB. 28
Export value skyrockets over Lunar New Year Vietnam's export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover. The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover. The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value. This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million). According to statistics from the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 28
HCMC resolves difficulties for real estate to boost economic development
On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had … [Read more...] about HCMC resolves difficulties for real estate to boost economic development
Shake-up for solar power investment
Baker McKenzie’s managing partner Frederick Burke and special counsel Nguyen Thanh Hai The contents of the decision circulated on January 21 is in draft form, while final contents are subject to further reviews by the Ministry of Industry and Trade (MoIT), and consultations with other relevant ministries before the prime minister’s final signature. This draft decision would apply the selection mechanism on a long-term basis. Bidding rounds will be conducted based on a so-called Renewable Energy Development Plan formulated by the MoIT for each 5-year period. A more specific plan will be circulated on a biannual basis. The main investor selection mechanism is a so-called “competitive selection of investors based on project location”, which means that: (i) project location will be chosen/determined by the governmental authorities; and (ii) investors must submit bids to compete for securing the project development right at that pre-selected project location. Under this draft … [Read more...] about Shake-up for solar power investment
Added trade potential for Vietnam with UK-EU deals
Prof. Dr. Andreas Stoffers - Country director, Vietnam The Friedrich Naumann Foundation for Freedom The United Kingdom is an important trading partner of Vietnam. In 2020, trade turnover between the two countries amounted to $6.6 billion. With $5.8 billion in exports, Vietnam’s trade balance was clearly positive, which also underlines the country’s strong interest in reaching an amicable agreement with the UK. In recent years, despite the uncertainties associated with Brexit, the growth of trade relations has been unbroken, averaging 12.1 per cent per annum in 2011-2019. The trade relations between the EU and Vietnam are naturally greater given the fact that the EU is the world’s largest market. In 2019, the EU was the second-most important overseas market for Vietnamese products with a total trade volume of $56.45 billion, of which Vietnam’s exports accounted for two-thirds ($41.55 billion). This is 16 per cent of the country’s total export volume. In 2020, exports to the EU … [Read more...] about Added trade potential for Vietnam with UK-EU deals