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The candidate vaccine is being developed by the MoH’s Institute of Vaccines and Medical Biologicals (IVAC). Speaking at the handover ceremony, Minister of Health Nguyen Thanh Long spoke highly of the support of enterprises, organizations and individuals for Vietnam’s fight against the COVID-19 pandemic. The first “Made-in-Vietnam” ventilators were produced under the collaboration of the ministry and Vingroup, he noted, adding that the machines have been provided to localities nationwide. Vietnamese scientists have regarded vaccine development as the key factor to contain the pandemic, and the MoH has spared no efforts in the research for vaccine in order to be able to produce the vaccine as soon as possible. The COVIVAC vaccine project has been rolled out since May 2020. Results of pre-clinical trials affirmed its safety and efficiency, and the IVAC has been able to produce three batches of vaccine consisting between 50,000 and 10,000 doses each. Clinical trials of the … [Read more...] about Aid offered for development of homegrown COVID-19 vaccine

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of … [Read more...] about VIETNAM BUSINESS NEWS FEB. 26

MPI proposes a draft decree on procurement bidding under CPTTP MPI proposes a draft decree on procurement bidding under CPTTP The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP). According to the MPI, the draft decree will amend and supplement some articles of Decree No 95. It aims to guide State companies to execute bidding packages under the CPTTP agreement and EU-Việt Nam Free Trade Agreement (EVFTA). However, per the Government's Resolution No 190/NQ-CP on the provisional application of the UK-Việt Nam FTA (UKVFTA), Việt Nam agreed to temporarily apply the UKVFTA from January 1, 2021. The agreement was negotiated based on the principle of inheriting commitments in the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between Việt Nam … [Read more...] about VIETNAM BUSINESS NEWS FEB. 27

At the event (Photo: baoquocte.vn) Washington D.C, (VNA) - The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Atul Keshap said at a recent online seminar to reveal results of a report on transboundary rivers and addressing challenges in Mekong River. He said the support will focus on the management of transboundary water resources, regional economic connection, human resources development and response to non-traditional security challenges, including those in the health sector. The report was based on outcomes of a virtual Indo-Pacific conference on enhancing management of transboundary rivers hosted by the East-West Centre last October. Speakers at the event said that the Mekong subregion is facing challenges in security, development and climate change. Keshap expressed the US ’s concerns over impacts of hydropower dams … [Read more...] about US pledges to enhance cooperation with Mekong subregion’s countries

Soonthorn Xayachak (centre), Secretary of the LPRP Central Committee and head of the committee’s Commission for External Relations, at the videoconference (Photo: VNA) Hanoi (VNA) – Outcomes of the 11th National Congress of the Lao People’s Revolutionary Party (LPRP) were informed to the Communist Party of Vietnam (CPV) at a video conference on February 26. At the event, Soonthorn Xayachak, Secretary of the LPRP Central Committee and head of the committee’s Commission for External Relations, who is the Special Envoy of General Secretary of the LPRP and Lao Prime Minister Thongloun Sisoulith, said that the LPLP’s 11th National Congress was a success, becoming an important milestone to a new development period of the revolution of Laos. The congress approved a Political Report of the 10th LPRP Central Committee, along with socio-economic development in the 2021-2025 period, as well as the amendment and supplementation of the LPRP Charter, and reviewed the leadership … [Read more...] about Outcomes of Lao People’s Revolutionary Party’s 11th National Congress informed to Vietnam