Nano Covax has made the most progress among four domestically developed vaccine candidates. Visit Vietnam Insider’s homepage for more stories As many as 13,000 shots of the Nano Covax vaccine, developed in Việt Nam, had been administered to volunteers aged 18-75 in the third trial phase as of Wednesday. Professor Doctor Major General Hoàng Văn Lương, Deputy Director of the Defence Ministry’s Military Medical University, said after being injected, the volunteers are in stable conditions. Medical workers have asked them to inform them of any side effects. In the third phase, people already confirmed to have COVID-19 or already with…
Author: Miley Selena
The Health Ministry Thursday added 69 to HCMC’s Covid-19 deaths after discrepancies were observed between reported and confirmed fatalities in the city. At a meeting with the Propaganda Department of the HCMC Party Committee on Wednesday, the municipal People’s Committee said the city had reported 130 Covid-19 deaths from April 27 to July 14, but only 48 were confirmed by the Ministry of Health. The ministry then cooperated with the municipal HCMC Department of Health to conduct a data review and confirm accurately the number of coronavirus deaths in the city. Afte the review, 69 deaths were added to the…
Nowadays, digital transformation is essential to all banks in Vietnam, regardless of size. Digital transformation in the banks can help to optimize their current processes, and enhancing customer experience – in order to stay competitive and relevant in the new customer-centric economy. Military Commercial Joint Stock Bank (MBBank) has a number of outstanding digital products that greatly contributed to its high growth in the first six months of 2021. “By the end of June 2021, the total asset of MB Group (including MBBank and subsidiaries) reached more than VNĐ524 trillion (US$22.7 billion), increasing 5.9 per cent from the beginning of…
It is impossible to implement HCMC’s stay-at-work orders within the 24-hour deadline they have been given, many companies complain. More stories at Vietnam Insider’s homepage. On July 13, city authorities said enterprises that could provide accommodation and food for employees on their premises or transport workers between production facilities and accommodation at other places like dormitories and hotels could operate normally and all others would have to close down from July 15. Factories are built for production, and so it is impossible to add facilities for bathing, eating and resting within 24 hours, Le Hai Lieu, chairwoman of Duc Thanh…
Vietnam plans to tax 1.5 percent of annual e-commerce revenues of VND100 million ($4,297) and higher as part of leveling the field between traditional and online retail merchants. A decree with new regulations is set to take effect on August 1, but authorities have said they might give e-commerce platforms more time to prepare for taxation regime. According to an article from GBS, a legal services firm in Vietnam, the authorities have delayed the implementation of a new tax regime for e-commerce platforms, giving firms like Chinese giant Alibaba’s Lazada, Singaporean group SEA’s Shopee and home-grown Tiki more time to…
2021 is considered a breakthrough for Vietnamese startups; however, the resurgence of COVID-19 is hindering its growth. Vietnam recently imposed prolonged lockdown measures at its commercial hub Ho Chi Minh City to battle its latest COVID-19 wave, as the infection rates spiked with the government warning that the worst may be yet to come. Consumer spending has plummeted, and even F&B and food delivery services have been suspended. The government is having a hard time dealing with a dilemma: how to keep the economy going while at the same time shutting it down to protect people from infection. In face…
Vietnam’s health ministry said in a statement that production at Pou Chen’s Pouyuen Vietnam factory, which makes footwear for companies such as Nike and Adidas would be suspended for 10 days. Taiwan’s Pou Chen Corp suspended its operations on Wednesday as Covid-19 curbs hit factories in Vietnam’s Ho Chi Minh city. State media said 49 infections had been detected at the plant in Ho Chi Minh City, which is at the epicentre of the country’s worst coronavirus outbreak. The company did not immediately respond to an email seeking comment. Related: Coronavirus: Most of 2,924 new cases recorded in Vietnam’s isolated areas…
Shares fell on Wednesday as strong selling pressure hampered the growth of banking stocks. On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index lost 1.36 per cent to close at 1,279.91 points. It had risen 0.1 per cent to close Tuesday at 1,297.54 points. Market breadth was negative as 138 stocks rose while 234 decreased. Market liquidity stayed almost the same as Tuesday with a trading value of more than VNĐ19.3 trillion (US$834.4 million), equivalent to some 593 million shares traded on the southern market. After a slight increase on Tuesday, the Vietnamese market reversed Wednesday to fall due to…
Vietnam recorded 823 new Covid-19 cases Wednesday evening, bringing the daily total to a new peak of 2,924. The total number of local cases since April 27 has reached 33,858 in 58 localities. Vietnam’s daily Covid-19 tally nears 3000, of the new cases, 2,229 were recorded in Ho Chi Minh City, the current national epicentre of the pandemic, taking the city’s total to 18,802 in the latest Covid-19 wave. This is the first time HCMC was recording over 2,000 cases a day. Most of the new cases were in isolated areas, and authorities are tracing contacts of 415 cases. In…
Vietnam’s Health authorities have lowered the quarantine period for arrivals from the current 21 days to 14 days after consulting with international organizations. The health ministry also reduced the time of Covid-19 patients being treated in hospitals if they show no symptoms. Visit Vietnam Insider’s homepage for more stories. Vietnam reverts to 14-day quarantine for entrants, the lowered period also applies to people who have to isolate themselves at home after coming into direct contact with Covid-19 patients. The Ministry of Health said it made the decision based on recommendations of the World Health Organization and the U.S. Center for…