Vietnam records second-highest daily COVID-19 increase on Friday, adds nearly 300 deaths. A further 3,704 patients have been given the all clear today, bringing the total recoveries to 35,484. 5,529,898 doses of COVID-19 vaccine have been administered in the country. Another 8,622 domestically transmitted COVID-19 cases were recorded in Vietnam on Friday, along with 27 imported cases in the past 24 hours, making this the second-highest daily increase in cases since the beginning of the pandemic, pushing the total in the fourth wave to 133,257. The business hub of HCM City continued to top the national case count with 4,282…
Author: Miley Selena
The COVID-19 outbreak has had unprecedented impacts on the global economy, creating revolutionary changes for the fashion industry worldwide and in Vietnam. The pandemic makes people realize they do not live in an age of abundance, and it is time to strive towards sustainability when resources are becoming limited. Having to stay home most of the time, consumers tend to choose minimalist clothes, which both save costs and contribute to environmental protection. They shop less but with more quality, especially with Generation Z and millennials. While previous generations opt for designer goods based on the brand’s traditional craftsmanship and longtime…
Japanese officials sounded the alarm Thursday as Tokyo reported record-breaking new Covid-19 cases for the third-straight day with the Olympics well underway. Tokyo reported 3,865 new cases Thursday, up from 3,177 on Wednesday and double the numbers a week ago, the Global Business Magazine citing a report by AP News. “We have never experienced the expansion of the infections of this magnitude,” Chief Cabinet Secretary Katsunobu Kato told reporters. He said the new cases were soaring not only in the Tokyo area but across the country. Nationwide, Japan reported more than 9,500 confirmed cases on Wednesday, also a record, for…
The Delta coronavirus variant surging across the United States appears to cause more severe illness and spread as easily as chickenpox, according to an internal document from the US Centers for Disease Control and Prevention. The document – a slide presentation – outlines unpublished data that shows fully vaccinated people might spread the Delta variant at the same rate as unvaccinated people. Dr. Rochelle Walensky, the US CDC Director confirmed the authenticity of the document, which was first reported by The Washington Post. “I think people need to understand that we’re not crying wolf here. This is serious,” she said.…
Property developer Vinhomes reported net profits tripled year-on-year in the second quarter to more than VND10.3 trillion ($578.3 million). More stories at Vietnam Insider’s Homepage. According to its consolidated financial statement for the second quarter, net revenues were more than VND28.7 trillion, up 75 percent. By the end of June, the company’s total assets were worth VND221 trillion. During the second quarter, it embarked on digital transformation to improve interaction with customers amid social distancing due to Covid-19. By VNexpress. Related Vietnam Insider
Banks across many states will be closed for nine days in the month of August. These includes seven days which are weekends, i.e., second and fourth Saturdays and Sunday. Other than this, bank branches in various states will be closed due to Muharram and Janmashtami, and there are states-specific holidays as well. Here is the list of bank holidays in August. August 13, Friday: Patriot’s Day (holiday in Manipur) August 16, Monday: Parse New Year (Shahenshahi) (holiday in Maharashtra) August 19, Thursday: Muharram (Ashoora) (holiday in Tripura, Gujarat, Maharashtra, Madhya Pradesh, Uttar Pradesh, Delhi, West Bengal, Bihar and so on)…
Beer companies have been facing a turbulent time since early 2020, and now under the fourth wave of the Covid-19 pandemic, the revenues are dropping even more drastically than last year. More stories at Vietnam Insider’s homepage. Beer giants in difficultyThe year 2020 is said to have been the most difficult year for the beer industry in the last 20 years, due to the impact of three major factors occurring at the same time. The three disasters of the Covid-19 pandemic, Decree 100 or law on prevention of alcohol impact, and natural disasters, all caused a sharp decline in net…
If you have bought a house under the affordable housing category, then you get an additional tax deduction (over and above the benefit under section 24 of the Income-tax Act, 1961) on the interest paid on a home loan taken for buying that house. This deduction can be claimed under section 80EEA for maximum of Rs 1.5 lakh in a financial year. On paper, a tax payer falling in the 30% bracket can save up to Rs 45,000 annually by claiming this Read more: EconomicTimes
Vietnam’s exports up 25.5 pct in seven months, reported the General Statistics Office (GSO) on July 29. The US remained Vietnam’s largest importer, followed by China, European Union. Visit Vietnam Insider’s homepage for more stories. Vietnam’s export earning hit 27 billion USD in July, down 0.8 percent month-on-month and up 8.4 percent year-on-year. On seven-month calculation, the figure reached 185.33 billion USD, marking a yearly rise of 25.5 percent. Of which, 48.52 billion USD was from domestic economic sector, up 14.6 percent and the remaining from foreign-invested sector, inclusive of crude oil, up 29.9 percent. Related: How to setup an…
Vietnam’s ongoing outbreak continues to grow with 4,987 new domestic Covid-19 patients confirmed Friday morning in 20 localities, including 2,740 in HCMC. Over three months into the new Covid wave, the fourth one and the most challenging Vietnam has faced yet, the nation has recorded 129,571 domestic cases in 62 of its 63 cities. An additional 159 COVID-19 related deaths between July 27 and 29 in eight cities and provinces were also announced, bringing the total to 1,022. Visit Vietnam Insider’s homepage for more stories. 4,987 local cases added to Vietnam’s Covid tally with most of the cases were registered…