The Health Ministry announced another 111 Covid-19 patients Tuesday morning, with around half linked to a religious mission in Ho Chi Minh City. Vietnam will suspend incoming international flights to its capital Hanoi from Tuesday as part of the country’s effort to contain a coronavirus outbreak. The southern metropolis recorded 51 patients and they are all related to Revival Ekklesia Mission, a Christian congregation based in the city’s Go Vap District that is the biggest Covid-19 cluster ever in HCMC. Since its emergence last Wednesday, the cluster has been responsible for 202 cases that are registered in HCMC and five…
Author: Miley Selena
The Panama Papers released in May 2016 included 189 Vietnamese and 19 offshore and 23 intermediary companies. Some individuals on the list said that it was legal to make investments in areas with attractive tax incentives. This was not the first time that Vietnamese billionaires assets and transactions related to investments overseas were exposed. In early 2015, ICJC documents showed 100,000 clients from more than 200 countries having accounts at the HSBC Swiss branch in 1988-2007. There were 26 clients related to Vietnam on the list, with total assets of $37.5 million. The richest individual had $12.2 million. Some years…
Two people in a family were confirmed dead after a house in downtown Ho Chi Minh City was engulfed in a conflagration on Monday. Police of Ho Chi Minh City rescued and hospitalized four individuals from the conflagration on Nguyen Thien Thuat Street in District 3 in the early hours of Monday, but two victims did not pull through, a source said. By Monday morning, district police had cordoned off the fire scene for inspection. The fatalities were identified to be N.H.V., 73, and N.V.D.N., 32, while the survivors, T.K.C., 34, and N.V.T.T., 4, are still receiving treatment at a hospital,…
Authorities of Ho Chi Minh City’s Go Vap District have announced instructions on how to perform the extenstive social distancing measures to contain the increasing coronavirus spread. Following a decision issued by the municipal People’s Committee on Sunday, Go Vap District and Thanh Loc Ward of District 12 will be placed in enhanced social distancing under the prime minister’s Directive No. 16 for 15 days, from 0:00 am on Monday. Go Vap and Thanh Loc have become the city’s two hot spots of COVID-19 due to numerous direct links to the infections at Revival Ekklesia Mission, a Christian congregation based in the…
Ho Chi Minh City has announced to halt coronavirus tests for people traveling abroad and instead focus on community screening in wake of rising hotspots. Starting Monday, the city’s Center for Disease Control (HCDC) will no longer offer the testing service to those wanting to go abroad. The suspension will last until further notice. The HCDC said amid rising coronavirus threats in the southern metropolis, it needs to focus resources and efforts on screening the community to curb infection as quickly as possible. In the past four days, the city has recorded 149 domestic Covid-19 cases, with a majority linked…
The labour ministry has announced that EPF members can now avail a second non-refundable advance from their EPF accounts in order to meet the coronavirus related financial emergencies. Earlier, only a one-time advance was available for EPF members. Click here to know how to withdraw from EPF if you need money due to coronavirus The provision to withdraw money from EPF accounts was first announced last year in March 2020 under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). EPFO allows its members to withdraw non-refundable withdrawal of up to three months of basic wages and dearness allowance or 75% of…
Vietnam to test all 9M residents in largest city of Ho Chi Minh city for the coronavirus and imposed more restrictions Monday to deal with a growing COVID-19 outbreak. People in Ho Chi Minh city are only allowed to leave home for necessary activities and public gatherings of more than 10 people are banned for the next two weeks, the government announced. Prior to the order, the city, also Vietnam’s economic hub, shut down non-essential business last Thursday when cases started to increase. State newspaper Vietnam News said the city authority is planning to test its entire population with a…
Tomorrow we will need someone we can trust with our most sensitive data while, at the same time, benefiting from the convenience automation brings. Imagine a world in which individuals can financially benefit from innovative fintech without needing to blindly rely on third parties or to sell out their privacy. Access to financial services in developing countries Today’s societies rely much on citizens’ fair access to credit. Loans enable us to buy goods with money one does not have yet. This has proven very efficient in optimizing economic participation and in generating wealth. However, this requires that lenders take risks.…
International trade requires heavy paperwork, which poses huge challenges for the banks to develop digitalized products and services for import – export companies. Founded in 2014, Ant Group’s origins begin with digital payment service Alipay. As of now, based on a strong technological foundation, Ant Group has expanded into many other financial services and even erodes the profits of Chinese traditional financial institutions. Ant CEO Eric Jing said in 2017 that Ant Group named itself after a small insect because it serves “the little guys”. However, just a few years later, the market landscape showed that, with digital transformation as…
Nine enterprises in three industrial parks (IP) of Vietnam’s largest Covid-19 hotspot of Bac Giang are back to work after more than ten days of suspension to prevent and control the Covid-19 pandemic, said Chairman of the Bac Giang Province People’s Committee Le Anh Duong. Two companies New Wing Interconnect Technology and Fuhong Precision Component, producing electric components for Taiwanese electronics contract manufacturer Foxconn, returned to operation on May 28. S-Connect BG Vina Co., Ltd reopened on May 29, while workers of Si Flex, Fuyu Precision Component Co., Ltd, Gigalane Vina Co., Ltd, Jeil Tech Vina, New Hope Hanoi –…