Vietnamese Government has rolled-out interest-free loans for companies to pay salaries. The Vietnam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director, Bùi Văn Sổn, said. The loans are part of the Government’s latest relief package worth US$1.13 billion for supporting workers and employers struggling to cope with the pandemic. Related: What you should do if your employer not paid salary for 4 months like Vietnam Railways? Around VNĐ7.5 trillion will be used for interest-free loans for businesses to pay salaries. Businesses can obtain a loan to pay…
Author: Miley Selena
More than 1,000 volunteers received their second shots of homegrown Nano Covax vaccine in its third phase of human trials, as announced by the Defence Ministry’s Military Medical University on July 19. Prof. Dr. Maj. Gen. Hoang Van Luong, Deputy Director of the university, said after being injected, the volunteers are in stable conditions. Medical workers have asked them to update information about side effects if any on the e-Diary. Over 12,000 remaining volunteers will get their second jab from July 26. All volunteers are expected be fully vaccinated with two shots in mid-August. Nano Covax is developed by the…
Another 2,154 cases were added to Vietnam’s domestic Covid-19 count Tuesday morning, raising the infection tally of the country’s ongoing wave to 56,479. HCMC plans to allow traditional markets to reopen with strict Covid-19 prevention measures to ensure supply of food and other necessary items. Visit Vietnam Insider’s homepage for more stories. Vietnam’s local Covid tally up by 2,154, the new patients were recorded in 23 localities and HCMC continues to account for most. The southern metropolis recorded 1,519 cases, followed by its neighbor Binh Duong Province with 156 cases and Mekong Delta’s Tien Giang Province with 133, VNExpress reported.…
Vietnam’s benchmark VN-Index lost 4.29 percent to 1,243.51 points Monday, its biggest loss in a day since January, with tickers of four blue-chip lenders hitting floor prices. The index was on a downward trend throughout the day and closed with a near 56-point loss. It is now at its lowest since May 7. VN-Index has lost over 12 percent this month with HCMC and 16 other southern localities being put under strict social distancing measures while Hanoi has tightened restrictions amid fear of another outbreak. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is…
Preliminary data from Com-COV indicates that the combination of vaccines may increase side effects such as fever, headache, and fatigue Visit Vietnam Insider’s homepage for more stories Amid shortages of Covid-19 vaccines and vague fears about rare side effects, some countries have mixed different types of vaccines. In Southeast Asia, Thailand on July 12 began giving the second shot of AstraZeneca vaccine to people who had been injected with Chinese-made Sinovac vaccine. The Bangkok Post on July 13 called the Thai government’s permission to combine the Sinovac and AstraZeneca vaccines ‘a shift of viewpoint’. American television channel CNN asked whether…
The Life Insurance Corporation (LIC) of India has introduced today a new health insurance plan called Arogya Rakshak, which is a non-linked, non-participating, regular premium, individual health insurance plan. The plan is aimed at providing timely support in case of medical emergencies and helping the insured and his/her family to remain financially independent in difficult times. It differs from the conventional health insurance plan in terms of method of payment. While the latter re-imburses the actual cost incurred on treatment, Arogya Rakshak provides fixed benefit health insurance cover. It pays a lump sum benefit irrespective of actual medical costs. This…
5 FAQs about writing a will answered Read more: EconomicTimes
An investor committed to staying invested over the next decade can consider initiating an SIP in mid-and small-cap funds.SynopsisThe potential US Fed rate hike is likely to be the biggest risk for the domestic market over the next two years. Unlike 2013, today global equity valuation, particularly of technology-oriented and new age sectors, are extremely overvalued.In an expensive market, opt for a scheme that is actively managed and the corpus is deployed across equity and debt based on their relative attractiveness, Sankaran Naren, ED & CIO, ICICI Prudential AMC tells ET Wealth. How are you reading the risk-reward scenario for…
For most employees, the past two years have been a period of professional upheaval and uncertainty. Either they dealt with job loss, a longer job search, constant anxiety of becoming professionally irrelevant or there was income uncertainty with reduction in salary or the threat of one. The changed scenario of working from home meant that their interpersonal feedback system, social skills, professional relationships and the psychological stability of normalcy in a physical office suffered. But for some employees, this was a time for financial and professional growth where their skills were in greater demand, helping them encash on their specialisation.…
After years of soft interest rates, the cycle is moving towards its next leg—an upward shift in rates. This makes traditional bond funds unattractive. However, fund houses are offering a way out in the form of floater funds. Three new floater funds have been launched this year and another from Axis Mutual Fund is open for subscription. Are these funds the right way to play the coming rate cycle? Traditional bond funds invest in instruments Read more: EconomicTimes