Coronavirus

For his part, Ambassador Nam congratulated Japan on its success in containing the spread of COVID-19, affirming that this is an important premise for the Japanese Government to decide to life the state of emergency nationwide earlier than the schedule to serve its socio-economic recovery. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30

Hanoi (VNA) – The Australia-based website Eastasiaforum.org on May 28 ran an article titled “Vietnam’s COVID-19 political gains” affirming that Vietnam has earned international accolades as one of the successful countries in Asia to contain the coronavirus. According to the author, Vietnam may win more than international praise, especially in political terms. The country has been highly transparent in its response to the crisis through broadcasting regularly on television and keeping its citizens updated on the pandemic via text messages, the article wrote, adding that national media is being inundated with public praise over the effectiveness of government and the Party. It affirmed that the effectiveness of the Communist Party of Vietnam’s leadership during the COVID-19 pandemic has helped boost the country’s prestige in the international arena. With only a fraction of the healthcare budget of other successful countries, the performance of … [Read more...] about Vietnam among most successful Asian countries in containing coronavirus: Foreign media

Other companies, NGOs, and institutions have similar stories to tell of remarkable things achieved in an impossibly short timeframe across boundaries, cultures, and languages. It is my hope that our experiences will help to inform the global response to the crisis in terms of health policy, vaccine and treatment development, and economic assistance to countries in the throes of the pandemic as well as those rebuilding. What we have seen so far has been intermittently encouraging, but there have been some ugly episodes of me-first thinking by some individuals and governments that may harm everyone in the long run. … [Read more...] about Resilience, agility and humanity: some lessons from the pandemic

- Prime Minister Nguyen Xuan Phuc stated last week that the government would provide some VND300 trillion ($13 billion) as a relief measure in financing for businesses hit hard by the COVID-19 pandemic, while ensuring sufficient capital to prop up the economy. PM Phuc reaffirmed that the Vietnamese government would put best effort to contain the virus and create preferential conditions for enterprises being alive. Previously, State Bank of Vietnam’s Deputy Governor Dao Minh Tu asked 20 banks to offer a minimum of 2-per-cent lending rate reduction to cushion cash-strapped businesses. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

A teller counts Vietnamese banknotes. Since the outbreak of the novel coronavirus, banks in HCMC have provided support for some 224,000 local firms and household businesses – PHOTO: VNA HCMC – Banks in HCMC have lowered their interest rates and rescheduled loans worth VND290.5 trillion (US$12.4 billion) for around 224,000 firms and household businesses reeling from the coronavirus pandemic. … [Read more...] about HCMC banks offer support for 224,000 virus-hit businesses