Ethiopian news headlines

The number of new deaths increased for the fourth consecutive week, increasing by seven percent compared to last week, with over 76,000 new deaths reported, according to the WHO.

The outbreak was especially violent in India as the country reported 873,296 new cases, an increase of 70 percent compared to last week. It also saw the number of new deaths growing by 51 percent. The United States came the second with a five percent increase of 468,395 new cases; and Brazil listed the third with a rise of 463,092 new cases.

In terms of global COVID-19 new deaths, the South-Asia, Southeast Asia and Western Pacific region saw sharp surges with the Western Pacific displaying an increase of 189 percent in number, the Philippines leading with the grim record of 1,321 new deaths, 400 percent more than last week.

Furthermore, new virus variants continue to spread to other countries, with the variant B117 first identified in the UK reported in 132 countries, the variant B 1351 originating from South Africa present in 82 countries, and the P1 first identified in Brazil now established in 52 countries.

The WHO also noted that existing vaccines have displayed reduced efficacy against variants, even if the related studies remained limited in number.

As an example, the AstraZeneca vaccine saw reduction in post-vaccine neutralization for variant B117, while it saw “substantial reduction” for the variant originating from South Africa.

Studies also reported “evidence of more substantial reduction” in post-vaccine neutralization of the variant first found in Brazil for AstraZeneca, Moderna and Pfizer-BioNTech vaccines.

Earlier this week, the WHO stressed that measures such as wearing masks and hand hygiene were still important as “we are in a critical point of the pandemic right now.”.

The meeting was chaired by Deputy Prime Minister Vu Duc Dam, who is also head of the committee.

The board asked that favourable conditions continue to be created for the clinical test of COVID-19 vaccines, while plans of production should be put in place in order to quickly produce vaccines once the testing proves successful.

Hailing the Health Ministry for its vaccination efforts and dealing with post-vaccination reactions, the board directed the health, public security, and national defence ministries to continue closely controlling immigration pending a policy regarding “vaccine passports”.

Many at the meeting reiterated that prevention measures continue to play an important role in the current context.

Ministries, agencies, and localities are urged to direct medical stations, schools, lodging facilities, factories, and markets to remain vigilant and seriously follow prevention and control measures.

Vietnam reported 16 imported cases of COVID-19 on the evening of the same day, raising the national count to 2,733.

The new cases include one Indian expert, one American expert and 14 Vietnamese citizens who were sent to quarantine right upon their arrival.

Meanwhile, 2,445 COVID-19 patients have been given the all-clear, and the death toll remains at 35.

Among patients still under treatment, 16 have tested negative for the novel coronavirus once, 18 twice and 18 thrice.

A total 38,743 people who had close contact with COVID-19 patients or arrived from pandemic-hit areas are being quarantined across the country.

The Health Ministry continues to urge all people to follow the 5K motto – Khau trang (wearing facemask) – Khu khuan (disinfecting) – Khoang cach (keeping distance) – Khong tu tap (no gathering) – Khai bao y te (making medical declaration), in order to live safely amid the pandemic.

Since March 20, the 7-day moving average of new COVID-19 cases in the country has consistently remained higher compared with the previous 7-day moving average, according to data of the US Centers for Disease Control and Prevention (CDC).

The current 7-day moving average of daily new cases stands at 67,530 cases, up around 6 percent from the previous seven days.

Meanwhile, new COVID-19 hospitalizations also went up 7.3 percent from the previous 7-day period, according to the CDC.

As of April 10, the United States had recorded more than 21,000 infection cases of coronavirus variants, according to the latest data of the CDC.

Among those variants cases, 20,915 cases were caused by the variant known as B.1.1.7, which was originally detected in Britain.

There were 453 cases of a new strain initially discovered in South Africa, called B.1.351, and 497 cases of the P.1 strain first discovered in Brazil.

In addition, the B.1.427 and B.1.429 variants, two coronavirus strains first detected in the US state of California, are also being closely monitored by the CDC.

The five coronavirus strains are currently classified by the CDC as “variants of concern,” as evidence shows that they have a stronger transmissibility, increase hospitalizations or deaths, and reduce effectiveness of treatments or vaccines.

B.1.1.7 is the most common variant circulating in the United States and has been reported in all 50 states, the District of Columbia, and Puerto Rico, while variants P.1 and B.1.351 are relatively less, according to the CDC.

Even as the country picks up its COVID-19 vaccination pace, the coronavirus variants are spreading rapidly, and health experts warn the variants infections could potentially stall the nation’s recovery from the pandemic.

The festival has been organised annually to mark the Liberation of South Vietnam and National Reunification Day.

This year’s event will include an incense offering to heroes and fallen soldiers on April 29, a flag-raising ceremony and a boat race on the Ben Hai river on April 30.

The festival will be followed with the launch of a sea tourism programme themed ‘Call of the Sea’ at Cua Viet tourist site.

Taking place from April 30 to May 5, the programme will feature art performances, a conference on Quang Tri province’s tourism development, a farm trip to cultural and historical sites in the province, booths showcasing local signature dishes, and a cooking contest.

Many exciting sporting events and folk games will also be held during the programme, such as a beach volleyball tournament, a stick pushing contest, and tug of war.

Vingroup’s billionaire Pham Nhat Vuong

Bloomberg has cited a source as saying that Vingroup Group (VIC) of billionaire Pham Nhat Vuong is considering an initial public offering (IPO) in the US for its VinFast auto company, which is expected to mobilize about $2-3 billion.

VinFast expects a valuation of at least $50 billion or even up to $70-75 billion. With this valuation, the capitalization of VinFast will surpass the famous car maker Ferrari (capitalization at $52 billion), Honda ($51 billion), Ford ($49 billion), Kia ($30 billion) … and only behind some famous brands such as Tesla, Toyota, Volkswagen, Mercedes Benz, GM, BMW and others.

This is an unexpected move, but it is in line with his aim of conquering the top market in the world.

The information was released when Vuong’s VinFast company began receiving the first orders for electric cars in Vietnam last month and had models shown on CNN, paving its way into the US market.

VinFast has also registered two electric car models in the US and will sell a number of models in Vietnam, the US, Canada and Europe from late 2021.

In the trading session on April 12, Vingroup shares (VIC) – VinFast’s parent company – increased by 5.7% to VND132,000/share, helping the group’s capitalization reach more than $19 billion to be the largest capitalized enterprise in Vietnam’s stock market.

During the morning session of April 13, Vingroup shares continued to rise by more than 4 percent, to nearly VND138,000 per share.

As the price for VIC shares soared, Vuong’s assets rose to over $9 billion and he became the 262nd richest person in the world.

If the IPO is successful, VinFast will set a new record, surpassing the record of $1.4 billion in capital mobilization in 2018 of Vinhomes (Vingroup’s real estate management company).

At that time, VinFast was also the first Vietnamese company listed in the US.

VinFast is Vingroup’s company that manufactures motorbikes, and gasoline- and electric-powered cars. The business, only a few years old, began delivering gasoline fueled cars (using engines licensed by BMW) in 2019.

In the mobile phone segment, Vingroup has achieved many positive results, with the sale of Vsmart phones in the country increasing over the past year, even though the No. 1 private corporation in Vietnam just entered the smartphone market in 2018. Vingroup has become the 3rd largest smartphone manufacturer in Vietnam, behind only Samsung Electronics and Oppo.

On the website of the leading US carrier – AT&T – an image of the first Vingroup smartphones has appeared, a testament to the group’s plan to enter the American smartphone market.

Pham Nhat Vuong has great ambition in the field of technology and industry, with Vsmart phones, Vinfast cars and electric cars.

In recent years, Vuong’s Vingroup had to withdraw from many fields, selling the retail segment to billionaire Nguyen Dang Quang and recently presenting the Youth Football Training Center to Van Lang Education Group, even though it had many achievements in these fields.

V. Ha