On the afternoon of Saturday, a group of 12 people who are officers and employees at the Consul General’s office of the Republic of Indonesia and some Indonesian citizens in Ho Chi Minh City went to the Hospital of Blood Transfusion and Hematology to donate blood. Indonesian donating blood at the HCMC Blood Transfusion and Hematology Hospital At the beginning of August, the HCMC Blood Transfusion and Hematology Hospital informed that it has only 640 bags of O type blood left, while the hospital’s blood bank needs to have 2.000 bags of O type in reserve. The city only has…
Author: Miley Selena
Intel Corp. has spent 140 billion dong ($6.1 million) in just one month to meet strict Vietnamese anti-virus mandates for factories in Ho Chi Minh City to ensure it can keep operations going, Bloomberg reported. The costs include providing sleeping accommodations for workers, according to Ho Thi Thu Uyen, head of external affairs for Intel in Vietnam and Malaysia. Intel Vietnam has had to cover the costs of hotel rooms and daily virus tests for thousands of workers, both its own employees and those of its suppliers. According to Bloomberg, the authorities in Ho Chi Minh City, the epicenter of…
What happens to the borrower if he/she defaults on a personal loan? In case of a secured loan like a home or car loan, the lender can take over the asset that is used as collateral to secure the loan. However, in the case of an unsecured loan like a personal loan, what is the legal recourse that a lender will take to recover the dues from the borrower? An unsecured loan does not offer any security to the lender and hence, there is no immediate threat to the borrower about lenders having any claim on their assets. “An unsecured…
Vietnamese developer recorded revenue of US$1.81 billion in first of year, up 82% year on year. American global investment giant KKR expects its investment in Vietnam’s leading real estate developer Vinhomes to result in a return of about US$64 million by next month. KKR-backed Viking Asia Holdings II fund is selling almost 32 million Vinhomes shares from August 19 to September 17, which will reduce its stake in the developer from 5.5% to 4.6%, according to the Ho Chi Minh City Stock Exchange. Based on current prices, the sale is estimated to be worth more than 3.7 trillion dong (US$161.5…
2021 was a year of turbulence but also of resilience for Vietnam’s startup landscape. Right amid the crisis, Vietnam has seen the birth of its second unicorn – the digital payment firm VNPay. Also, the recent fundraising success of many homegrown startups such as Loship, Kamereo, and Nano Technologies should send a signal to investors worldwide that Vietnam’s startup ecosystem is well on its way. Recently, Forbes Asia has released the inaugural 100 to Watch list, which spotlights notable small companies and startups on the rise across the Asia-Pacific region. Among the 100 featured companies, Vietnam has four of its…
Born in the midst of the pandemic – December 2020, SOJO Hotels represents a completely new hotel model and is the only nomination from Vietnam for Asia’s Leading Lifestyle Hotel by World Travel Awards. Hospitality and tourism – The unforgettable years Back in the 1990s, Vietnam only had 250,000 international visitors per year, with 350 lodging establishments. Two decades later, foreign visitors had increased to 18 million, spreading across 30,000 hotels over the country in 2019. The impressive growth figures clearly demonstrated the great potential of Vietnam’s tourism market. The global industry’s leading and most prestigious award system, World Travel…
Vietnam recorded 10,650 Covid-19 infections, taking the new wave’s total to 319,210 cases. Binh Duong had the highest number of cases Friday at 4,223, surpassing HCMC’s 3,375. According to Health Ministry, HCMC recorded 1,050 cases less than Thursday. With 12,756 patients confirmed recovered Friday, the number of recoveries rose to 132,815. The pandemic’s death toll increased to 7,540 after 390 deaths were announced today. The total number of cases in Vietnam since the start of the pandemic last year stands at 323,268, ranking 72nd among 222 countries and territories, local media reported. On average, there are 3,288 Covid-19 cases for…
Vietnam capital city of Hanoi will extend its social distancing order until September 6 as the novel coronavirus threat persists, local authorities have said. The capital has gone nearly a month under a citywide social distancing order starting July 24, the longest such period since the novel coronavirus first appeared in the country, VNExpress reported. Related: Vietnam’s daily Covid-19 tally reached a new high as military oversees food provision in HCMC The ongoing restrictions will continue apply: people should stay at home and only go out for basic necessities like buying food or medicines or for working at factories or…
It’s a mess out there now. Hard to discern between what’s a real threat and what is just simple panic and hysteria. For a small amount of perspective at this moment, imagine you were born in 1900. On your 14th birthday, World War I starts, and ends on your 18th birthday. 22 million people perish in that war. Later in the year, a Spanish Flu epidemic hits the planet and runs until your 20th birthday. 50 million people die from it in those two years. Yes, 50 million. On your 29th birthday, the Great Depression begins. Unemployment hits 25%, the…
The Steering Committee for Covid-19 pandemic prevention and control of Thu Duc City held a meeting with 25 foreigners from different nationalities who are teachers, chefs and workers facing difficulties due to the prolonged fourth Covid-19 wave. More stories at Vietnam Insider’s homepage. On the occasion, Thu Duc City gave 25 gifts for them worth VND500,000 (US$22) and VND2 million (US$88) in cash in support.Speaking at the meeting, Chairman of Vietnam Fatherland Front Committee of Thu Duc City Tran Huu Phuoc stressed that the Covid-19 pandemic had hugely affected the people’s lives in the whole country in general and in…