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HCM City: Two-month foreign investment stands at US$337.8 million

March 3, 2021 by sggpnews.org.vn

Real estate attracted most of the sum, US$145.1 million or 43 percent of the total. It was followed by science – technology (US$57.5 million, 17 percent) and processing – manufacturing industry (US$41 million, 12.1 percent), the municipal Department of Planning and Investment said.
The southern economic hub lured only three new foreign investment projects worth US$115 million in January and February, it said, citing complex developments of the COVID-19 pandemic around the world as the reason.
Up to 99.7 percent of the new capital was channeled into real estate, with 29.6 percent from Singapore and 70.1 percent from the Netherlands.
From the year’s beginning to February 20, HCM City saw 22 existing projects have US$53.3 million added to their registered capital.
Foreign investors also spent US$169.5 million on capital contributions to or share purchase in local firms during the time, data showed.

Vietnamplus

Filed Under: Business Ho Chi Minh City, Foreign Investment, Real Estate, Foreign Investors, Foreign Investment Projects, Processing - Manufacturing, Business, ..., hcm city district map, hcm city postal code, hcm city population, hcm city postcode, hcm city things to do, hcm city vietnam zip code, hcm city weather, hcm city weather forecast, hcm city zipcode, hcm city zoo, hcm city to singapore, hcm city to vung tau

Vietnam confirms seven new Covid-19 cases

March 3, 2021 by e.vnexpress.net

All five local cases, numbered 2478-2482, were already quarantined when detected with the novel coronavirus.

The two imported cases, patients 2476 and 2477, are women aged 23 in Ho Chi Minh City. They had been quarantined February 28 on entering the country via the Ha Tien International Border Gate in the southern province of Kien Giang.

With three cases in the morning, Vietnam recorded 10 new cases Wednesday. The number of community transmissions since January 28 is now at 870, led by Hai Duong with 689 cases, followed by Quang Ninh (61), HCMC (36) and Hanoi (35).

Ten of the localities have gone nearly 20 days without any local transmission, including HCMC and Quang Ninh, and the latter reopened its Van Don International Airport Wednesday.

The national Covid-19 tally stands at 2,482, with 1,898 recoveries and 35 deaths. Among the active patients, 216 people have tested negative for the virus at least once.

Covid-19 has claimed nearly 2.5 million lives globally.

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VN-Index up marginally in fifth consecutive gaining session

March 3, 2021 by e.vnexpress.net

The index went sideways in the 1,180 range throughout the day before climbing up in the last hour of trading to end with a 0.34-point gain. It has stayed in the 1,180 range for three sessions in a row.

Trading value on the Ho Chi Minh City Stock Exchange (HoSE), on which the index is based, rose 0.5 percent to VND15.3 trillion ($667 million). The bourse saw 270 tickers gain and 168 lose.

The VN30 basket, comprising the 30 largest capped stocks on the HoSE, saw 11 tickers in the green, dominated by real estate and banking stocks.

NVL of Novaland Group led with a 2.6 percent growth, followed by VRE of retail real estate company Vincom Retail, up 2.3 percent.

Two banking tickers followed, with VPB of private lender VPBank up 2.1 percent to the highest price since 2018, and CTG of state-owned lender VietinBank up 1.6 percent.

TCH of real estate company Hoang Huy Investment Financial Services Jsc rose 1.1 percent, while HDB of HDBank was up 0.9 percent.

On the losing side, VHM of real estate giant Vinhomes led with a 1.3 percent drop, followed by VIC of its parent company Vingroup, down 1.2 percent.

Foreign investors were net sellers for ninth session in a row to the tune of VND472 billion. Selling pressures were strongest on CTG, VNM of dairy giant Vinamilk and VIC.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.56 percent, while the UPCoM-Index for stocks on the Unlisted Public Companies Market added 0.83 percent.

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Ten notable scientific and technological events of Vietnam in 2020 announced

December 24, 2020 by en.nhandan.org.vn

The events were selected from the following areas: policies and mechanisms, natural sciences, social sciences and humanities, applied research, international integration, and prominent scientists.

This is the 15th year of the vote for the top 10 S&T events, attracting the participation of more than 60 journalists who cover the S&T sector from 25 press agencies. The nomination was assessed by prestigious managers and scientists.

Below is a list of notable S&T events in 2020:

1. Prime Minister approves Programme on national digital transformation

The Prime Minister on June 3 issued Decision No.749/QD-TTg approving the National Digital Transformation Programme by 2025, with an orientation toward 2030.

The approved program has the dual goal of developing a digital government, economy and society while establishing Vietnamese digital technology enterprises that have the potential to go global.

The digital transformation in Vietnam has seen more strong developments than ever, especially amid the COVID-19 pandemic that has had such a strong impact on the socio-economic situation, trade, education, culture, administration and transport.

2. Successful research on SARS-CoV-2 virus

* Successfully cultivating and isolating SARS-CoV-2 virus

The National Institute of Hygiene and Epidemiology announced on February 2 that it had successfully cultivated and isolated the SARS-CoV-2 virus in the laboratory, enabling quicker tests for the virus.

With the achievement, Vietnam was then able to test thousands of samples a day when necessary. This also served as a basis for the development of a vaccine against the virus.

* Researching and manufacturing quick test kits for the SARS-CoV-2 virus

The Ministry of Science and Technology declared on March 5 the success of a research on a test kit for SARS-CoV-2 virus, making Vietnam among very few countries in the world to have succeeded in the research at that time.

The real-time RT-PCR research was conducted by the Vietnam Military Medical University and the Viet A Corporation as directed by the Ministry of Science and Technology.

The project’s success is important at a time when the COVID-19 epidemic remains a global threat. Results also confirmed Vietnamese scientists’ high levels of professional skill and the ministry’s determination to have effective epidemic prevention and control.

3. Successful development of technology for flight control and balloon retrieval in the stratosphere

This is project VT-CN.04/17-20 on ‘Research to Approach the Technology to Use Balloons in the Stratosphere, integrated with Information Transceivers, to Monitor, Give Direction, Rescue, and Calculate Physical Parameters in the Atmosphere’ was carried out under the National Science and Technology Program on Space Technology in the 2016-2020 period.

The project was directed by Associate Prof. Dr. Pham Hong Quang from the Center for Informatics and Computing.

The project uses an IoT network at an affordable cost level for deploying sea and forest rescue tasks, monitoring off-shore fishing boats, floods, landslides, and forest fire data.

4. Science ministry receives draft Vietnamese history

The Ministry of Science and Technology held a ceremony in Hanoi on November 12 to receive a draft of Vietnamese history after five years of its compilation.

The draft history comprises 25 volumes of general history and five volumes of event chronicles.

The project, funded by the National Foundation for Science and Technology Development, was carried out by nearly 300 scientists from research institutes and universities, mostly in Hanoi, Thua Thien-Hue and Ho Chi Minh City.

5. Viettel makes first 5G call with locally produced equipment

Minister of Science and Technology Chu Ngoc Anh (left) and Minister of Information and Communications Nguyen Manh Hùng make a call on January 17 with a Viettel-made 5G device (Photo courtesy of Viettel)

The Military Telecommunications Industry Group (Viettel) successfully conducted the first call using fifth generation (5G) technology in Vietnam on January 17 with Viettel’s gNodeB transceiver.

The gNodeB transceiver, made by Viettel, includes both software and hardware. The device was developed in six months, starting in June 2019.

In May 2019, the carrier used a foreign-made device to make a call via the 5G network. After 8 months, Viettel has helped Vietnam master 5G technology.

6. Locally-developed tracing app Bluezone launched

Bluezone, a locally-developed app that helps determine if a person has come in contact with a COVID-19 patient, was launched in Hanoi on April 18 by the Ministry of Information and Communications (MIC) and the Ministry of Health.

Developed by tech firm Bkav, the app uses Bluetooth Low Energy, a wireless personal area network technology, to link smartphones within a two-meter distance.

As of mid-November 2020, more than 23 million Vietnamese people had downloaded the app.

7. Completion of Hoan Kiem Lake’s embankment using advanced technology

On August 20, 2020, the Vietnam Science and Technology Joint Stock Company (Busadco) announced the completion of the 1,500-meter embankment around Hoan Kiem lake in Hanoi. It took 65 days to complete the project, and it was completed 2 months ahead of schedule.

Remarkably, this construction project applies non-metallic reinforcement technology, previously applied in the project on building technical infrastructure systems in rural areas to prevent natural disasters and climate change, which won the Ho Chi Minh Science-Technology Awards in 2016.

8. Vietnamese scientists become affiliates in important physics research published in Nature

For the first time, Vietnamese physicists have become affiliates of a breakthrough research project published in Nature – a prestigious global scientific journal.

The international experiment, named T2K and described in the article ‘Constraint on the Matter–antimatter Symmetry-violating Phase in Neutrino Oscillations’, was published in Nature on April 16, 2020.

It was carried out in Japan with a collaboration between around 600 physicists and engineers across more than 60 organisations from 12 countries worldwide.

Vietnam is the second country in Asia besides Japan to have neutrino research appear in the Nature Journal. This Neutrino group is working at the Institute for Interdisciplinary Research in Science and Education (IFIRSE) – a member of the International Center of Interdisciplinary Science Education (ICISE), located in Quy Nhon City, Binh Dinh Province.

9. Successful operation to separate conjoined twins

The twins, their parents and doctors pose for a photo on October 7, the day they are discharged from hospital (Photo: VNA)

Nearly 100 doctors and nurses from leading hospitals in Ho Chi Minh on July 15 successfully carried out an operation to separate twins born conjoined at the pelvis.

This success of the operation demonstrated the qualification of Vietnamese doctors and advanced development of the Vietnamese healthcare sector.

This is the second complicated operation to separate twins in Vietnam, following the first 32 years ago.

10. Assoc. Prof., Dr. Do Van Manh receives Asian Innovation Award 2020

The Hitachi Global Foundation on October 30 granted the 2020 Asian Innovation Award to Assoc. Prof., Dr. Do Van Manh from the Institute of Environmental Technology (under the Vietnam Academy of Science and Technology).

Dr. Manh is highly lauded for his research on the implementations of advanced biogas to exploit sludge from beer and sugar manufacturing plants to produce energy and organic fertiliser. The research contributes to environment protection and sustainable development in the Central Highlands and South Central regions.

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Vietnam’s 5G race begins to heat up as major carriers launch commercial services

January 8, 2021 by en.nhandan.org.vn

More importantly, unlike previous technologies most of which had to be imported, Vietnam has gradually mastered and is now capable of producing 5G equipment, a strategically important step in Vietnam’s development of information and communications technology.

Off to a good start

Viettel was the pioneer in announcing commercial 5G trials in late November with coverage in the Hoan Kiem, Ba Dinh and Hai Ba Trung Districts of Hanoi, where owners of 5G-enabled devices can now use the service for free at a speed of up to 1.5 gigabits per second, far higher than 4G.

Later in mid-December, Vinaphone also announced its 5G coverage in some central districts in Hanoi and Ho Chi Minh City as well as two demonstration centres so that those without 5G devices can experience the new technological features.

Mobifone also quickly caught up by piloting commercial 5G services in Ho Chi Minh City.

According to some experts, mobile carriers’ rush to roll out 5G services at this time is merely competition between brands and does not precisely reflect what the domestic telecommunications market will look like in the future.

With 3G and 4G technologies, Vietnam was a latecomer, but with 5G, Vietnam is one of the frontrunners. Although the trials are just an initial step in the long process to widespread rollout, the carriers’ efforts have demonstrated the local communications sector’s capacity and readiness to provide the new technologies to the people.

With exceptionally fast speeds, extremely low latency and very high density (up to one million devices in one square kilometre), 5G is expected to revolutionise how society functions in the future, especially in the fields of advanced technology, healthcare, transport and education, laying the foundation for Vietnam to master and apply new technologies as well as succeed in its national digital transformation drive.

Taking on challenges to rise up

Vietnam is pioneering 5G, an opportunity to master new technologies and catch up with the development pace of the world. But its position as a trailblazer means Vietnam cannot learn from anyone else’s experience and will have to find its own path to development. 5G will bring with it tremendous opportunities in the future but there are already also quite a few challenges at present.

First of all, carriers face a risk that 5G-enabled devices have not yet been widely popular with consumers at the time of mass rollout and that 5G business models are as of yet not proven to be effective.

In addition, demand for this technology is not yet very high, making carriers find it hard to balance costs and benefits. However, experts state that if Vietnam wants to develop, it needs to see a radical change of mindset and it must dare to meet the challenges head on, otherwise Vietnam will always be a technologically backward country.

The history of Vietnam’s communications sector has shown that successes have followed the appropriate decisions to embrace new technologies. In the early years of the Doi Moi reform when 95% of the world was still using analogue communications, Vietnam took the bold step and adopted digital communications immediately, resulting in the country achieving remarkable progress in this sector.

Then in 1997, Vietnam once again showed its progressive mindset by agreeing to open the door to the internet, opening a new living space and digital space for each of its citizens, connecting Vietnam with the world and laying a significant foundation for Vietnam to enter into important agreements such as the bilateral trade agreement with the United States and accession to the World Trade Organisation, helping deepen the country’s international economic integration and speed up national development.

The launch of 2G technology in 1993, followed by 2.5G, 2.75G and then 3G and 4G, has brought mobile phones, a luxurious item during the 1990s, to 100% of the population at the lowest possible cost. But it should be acknowledged that when transitioning to 3G and 4G, Vietnam fell behind the rest due to a failure to update policies and the management mindset, a lag in technology and lack of new competitive factors.

The fourth industrial revolution is taking place at a rapid pace around the world and 5G is one of the key technologies in this revolution thanks to its high speeds and low latency, essential to many sectors. Therefore all countries should take advantage of this opportunity and Vietnam is also taking proactive steps to get on-board the 5G train.

Vietnam has certain advantages as it can produce many types of equipment and infrastructure necessary for 5G. The Ministry of Information and Communications has affirmed that mastering 5G equipment is strategically significant nationally and Vietnam is one of the few countries capable of doing so. From now on Vietnam will actively act as a pioneer alongside the rest of the world with regards to technology, helping further stimulate the communications sector, making an even greater contribution to the country’s socio-economic development.

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Nguyen Hue flower street opens amid COVID-19 fears

February 11, 2021 by vov.vn

The street has been forced to open later than originally planned due to the complicated developments relating to the COVID-19 pandemic situation in Ho Chi Minh City.

Each year sees many people flock to the street with locals keen to celebrate the Lunar New Year, known locally as Tet, with the site now crowded like in previous years.

In line with the Health Ministry’s 5K message of khau trang, facemask, khu khuan, disinfecting, khoang cach, distance, khong tu tap, no gatherings, and khai bao y te, health declarations, all visitors are required to follow relevant precautions.

Vo Thi Kieu Hanh of District 3 says that snapping photos whilst in a face mask is a special thing. Although it’s quite different from previous years, she still feels safe and encouraged others to follow the Health Ministry’s guidelines in an effort to curb the spread of the COVID-19 pandemic.

The flower street opens for visitors from 8 a.m. to 5 p.m. each day and is set to last through to February 15, or the fourth day of the first lunar month.

Filed Under: Uncategorized Nguyen Hue, flower street, COVID 19, face mask, Tet, Lunar New Year, Travel, Nguyen Hue Walking Street, nguyen hue street, nguyen hue street saigon

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