The Ministry of Health confirmed 25 more Covid-19 infections this morning, May 27, including one imported case, sending Vietnam’s tally to 6,111 cases. The imported case is an Indian woman who was quarantined upon her arrival in Vietnam. Of the fresh domestic infections, 23 cases were in Bac Giang Province and were linked to industrial zones, and the remaining one was reported in Lang Son Province. With the latest domestic infections, the country in the latest coronavirus wave since April 27 has recorded 3,051 locally-infected cases in 30 provinces and cities. As the condition of several more coronavirus patients worsened,…
Author: Miley Selena
The Reserve Bank of India has said that the Deposit Insurance and Credit Guarantee Corporation (DICGC) can soon charge a risk-based premium for all financial institutions to enjoy insurance cover under the scheme. What this means is that, once this comes into effect, banks with strong risk profiles offering better risk adjusted returns on deposits like fixed deposits and savings accounts as compared to weaker banks. “Although flat rate premium systems have the advantage of being relatively easy to understand and administer, they do not take into account the level of risk that a bank poses to the deposit insurance…
6 ways to hedge currency risk in foreign equity Read more: EconomicTimes
The Vietnam Red Cross Society (VRC) on May 26 published the document number 116/LKG-TƯHCTĐ a call for donations from officials, members and volunteers to support people affected by the COVID-19 pandemic from now until July 30. As the pandemic is developing complicatedly in Vietnam as well as the world, in order to support poor and disadvantaged people infected with COVID-19, poor people and workers in quarantined and locked down areas, and people returning home without a job, the VRC Central Committee calls on VRC chapters at all levels nationwide to encourage officials, members, volunteers and youth to help the affected…
At least 26 members of a religious sect in HCMC’s Go Vap District, including a chef at five-star Sheraton Saigon Hotel, have tested positive for the coronavirus. Another 24 cases were added to the local infection tally of Vietnam on Thursday morning, raising the domestic count of the ongoing wave to 3,052 in a month. Visit Vietnam Insider’s homepage for more stories. 26 members of HCMC religious sect test coronavirus positive Of these, 19 are members of the Revival Ekklesia Mission, which introduces itself as a Christian congregation, a non-denominational, evangelical, charismatic church planted in the 1990s. Seven others have…
Hoi An empty due to Covid-19 Vietnam Insider
International Finance Corporation (IFC) is supplying US$57 million for a private company to develop two wind power projects scheduled to come on stream in Vietnam later this year, the IFC said in a press release on Wednesday. A member of the World Bank Group, the corporation is the largest global development institution focused on the private sector in emerging markets. As Vietnam transitions to cleaner low-carbon power generation to help meet the country’s growing demand for electricity, the IFC said it was funding the development and construction of two wind power projects in south-central Vietnam. The corporation is supplying a…
Many container shipping lines have announced further increases in transportation fees starting from late May, causing difficulties for import-export companies. Six months on from when a lack of containers globally pushed up marine transportation fees, import and export companies were expecting that the fees would be reduced thanks to the vaccination campaigns which helped control COVID-19. However, experts said it would be very difficult for the container shipping fees to come back to the pre-pandemic levels despite successfully containing the virus and no severe shortage of containers. But from mid-May, several container shipping lines announced increases in transportation fees from US$400 to…
Twenty tons of lychees from the first batch of the 2021 season harvested in the northern province of Bac Giang have been shipped to Japan. This is the second year that the fruit has been exported to far east economic giant from Bac Giang, the premier lychee growing province in the country. The lychees were grown in the province’s Tan Yen District and shipped by the Global Export and Import Foodstuff JSC and Chanh Thu Export and Import Fruit Company. The two companies said that they would export more Bac Giang lychees to Japan by air and sea this year.…
Health authorities Wednesday evening confirmed 115 new domestic Covid-19 cases, bringing the figure in the day to 235. All patients have been isolated prior. The northern province of Bac Ninh led with 64 new cases, followed by Bac Giang (39), Hanoi (9), Hai Duong (2) and Thai Nguyen (1). Health authorities also announced that a 67-year-old woman in the northern province of Bac Ninh had died of Covid-19, bringing the total number of deaths since the pandemic began to 45. The country has recorded 3,028 local cases in the latest Covid-19 wave which began April 27. The national tally is now at…