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Korea fire fighting equipment

Korean investors join Metro Line 5

Metro Line 5, phase 2, has a total length of about 14.5km, from Bay Hien intersection to the new Can Giuoc bus station In a letter sent to the Management Authority for Urban Railways of Ho Chi Minh City (MAUR) and Ho Chi Minh City People’s Committee, Soun-young Chung, general manager of Kexim Bank's Global Business Cooperation Division said that the bank will soon finance the pre-feasibility study. The project will transform from official development assistance (ODA) to the public-private partnership (PPP) model. The study is implemented on three specific aspects: engineering, financing, and legality. Members of the research team and participating investors have extensive experience in the construction and operation of urban railway lines, including Metro Line 9 of Seoul, Korea, built under the PPP model. On January 19, the MAUR worked with a group of investors and consulting companies from Korea. The group consists of Kexim Bank, Hyundai Engineering Co., Ltd., Lotte … [Read more...] about Korean investors join Metro Line 5

World News in Brief: February 26

* China and India should firmly follow the right path of mutual trust and cooperation between neighboring major countries, and not go astray with suspicion and distrust nor fall back on a road of negative retrogression, Chinese State Councilor and Foreign Minister Wang Yi said Thursday. Wang made the remarks in a telephone conversation with Indian External Affairs Minister Subrahmanyam Jaishankar, stressing that the two sides should maintain the strategic consensuses reached by their leaders. * As COVID-19 transmission rates seemingly decline across the European Region, the World Health Organization (WHO) Regional Director for Europe Hans Kluge expressed health concerns over "long-COVID" or "post-COVID" symptoms at a virtual press conference on Thursday. * Russian President Vladimir Putin discussed the situation in Armenia in a telephone conversation with Armenian Prime Minister Nikol Pashinyan on Thursday, the Kremlin said. * The Pentagon confirmed on Thursday that the US … [Read more...] about World News in Brief: February 26

Mutual merit in Australian investment

Dr. Craig Emerson, director of the Australian APEC Study Centre Vietnam’s success in containing COVID-19 with minimal economic fallout compared to other nations has improved its already-strong reputation for competent governance. The government has been liberalising Vietnam’s economy for decades and is now reaping the benefits of rapid growth. Vietnam has stood to gain from the recent US-China trade conflict with many companies relocating at least some of their production facilities there. Vietnam is also rapidly adopting digital technologies to deploy automation, smart manufacturing, and big data analytics. Competent economic management, consistent reforms, swift digital uptake, and effective COVID-19 containment make Vietnam a very attractive destination for trade and investment in 2021 and beyond. Economically, Vietnam is becoming a manufacturing powerhouse, particularly for electronics and apparel. It is also becoming a focal point for regional value chains with … [Read more...] about Mutual merit in Australian investment

HCM City’s Dept of Health develops emergency plan for COVID-19

The plan is being made because of pandemic developments including new variants and outbreaks globally. The department will continue to use available personnel and facilities at designated hospitals for treatment of COVID-19 patients. These hospitals include Cu Chi COVID-19 Treatment Hospital with 300 beds, Can Gio COVID-19 Treatment Hospital with 600 beds, HCM City Hospital for Tropical Diseases with 40 beds at its Department for Transmissible Diseases D, and the City Children’s Hospital and Children’s Hospital 2. These hospitals will be ready to increase the number of beds to admit COVID-19 patients and others suspected of having COVID-19 if an outbreak occurs. If the hospitals become overloaded, the department will use Pham Ngoc Thach Hospital’s 464 beds to admit COVID-19 patients. The department has instructed hospitals in the city to prepare doctors and nurses to be available for examination and treatment of COVID-19 patients if necessary. These doctors and nurses will … [Read more...] about HCM City’s Dept of Health develops emergency plan for COVID-19

Vietnam’s delivery e-commerce startup Loship raises funds from Skype co-founder

Skype co-founder Jaan Tallinn is the latest big tech name to invest in Vietnamese startup Loship Tallinn’s investment in Loship puts him on a list of global tech leaders betting on Vietnamese tech startups, which has shown resilience and growth even amidst COVID-19. Thus, Loship is poised to become a prominent tech figure for any seasoned investor looking at Vietnam, according to Loship CEO Trung Hoang Nguyen. "MetaPlanet’s investment will help us build a much stronger image of Loship as a National Startup Hero. The competition will be much steeper in the long term, and we hope to pick up deep tech insights from Jaan Tallinn that can be applied to the Vietnam market,” he further opined. The latest fundraising, which is part of the startup’s Series C round, comes just four months after its undisclosed bridge round led by Vulpes Investment Management. The new funding would fuel Loship's path to becoming Vietnam’s leading one-hour-delivery e-commerce platform. “We already have … [Read more...] about Vietnam’s delivery e-commerce startup Loship raises funds from Skype co-founder

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