Tears and fears as indias huge coronavirus vaccine push falters

Vietnam’s Ministry of Health confirmed 12 COVID-19 cases on Monday, when the nation started mass inoculation with AstraZeneca shots. One local infection was logged in Hai Duong Province, which is the country’s current coronavirus hotbed. The patient had been exposed to an infection and been quarantined since February 14. The health ministry also registered 11 imported cases the same day, including one in Binh Duong Province, three in Ho Chi Minh City, and seven in Ninh Thuan Province. The 11 patients had been sent to centralized quarantine upon arrival in Vietnam by plane, the ministry noted. Vietnam had spent almost two months detecting zero domestic COVID-19 cases before it found the first one on January 27 and confirmed it one day later, according to the Ministry of Health’s data. A total of 893 local cases have been recorded in 13 provinces and cities since then, making it the most serious wave to have struck Vietnam after the first-ever COVID-19 patient was announced … [Read more...] about 12 coronavirus cases, including one domestic infection, reported in Vietnam

The vaccination campaign in the capital runs from March 9 to March 18 across 30 districts. AstraZeneca is one of three vaccines recognized by the World Health Organization (WHO) and has been used across over 50 countries and territories globally. The vaccine will be given to people over the age of 18, with 2 shots, spaced 12 weeks apart. The municipal Department of Health has assigned the Hanoi Center for Disease Control to work out a detailed plan for COVID-19 vaccination to ensure the best possible safety. According to Chu Xuan Dung, Vice Chairman of the Hanoi People's Committee, and head of the municipal Steering Committee for COVID-19 Prevention and Control, underscored the high risk of the disease transmission among the community in the comming time, while calling on every citizen to properly implement an-pandemic measures. On March 9 morning, Vietnam posted zero new COVID-19 cases, leaving the national infection count unchanged at 2,524, including 1,586 … [Read more...] about Hanoi begins COVID-19 vaccination on March 9

A production line at the The Ky Yarn Joint Stock Company (Photo: VNA) HCM City (VNS/VNA) - The textile and apparel industry , which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group . Le Tien Truong, its general director, said demand for face masks and personal protective equipment will shrink rapidly. Armed with their experience of coping with the pandemic, many textile and footwear enterprises are quietly confident of altering plans when required and finding new markets to cope with new situation after COVID-19 is under control. Sportswear has arguably been the most successful segment during the pandemic as awareness of physical exercise rose. According to Euromonitor International, in 2020 the demand for sportswear world-wide decreased only about 8 percent, the lowest in an industry which saw … [Read more...] about Vietnamese textile industry sees huge export opportunities

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

Future opportunities Many international organizations point out that the world has few options left, aside from continuing to pump money to support the economy. Even when vaccines prove effective, the low-interest policy of the Central Bank will remain. The loosening of monetary policy has also been raised to a higher level, when the Central Bank of China, South Korea, and Thailand added new weapons such as the Central Bank Digital Currency (CBDC). Accordingly, the loosening of monetary policy will not stop, even when the Central Bank has been digitized. This is consistent with the 4.0 era, as well as with the method to tackle the ongoing pandemic. Even after the pandemic ends, there will be many changes in business thinking as businesses will have more plans, products and services, and allow much more flexibility. So the stock market will be strongly supported by policy as well as transformation of the economy and enterprises. Therefore, the Vietnam stock market with companies … [Read more...] about Need for F0 investors to diversify