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World News in Brief: March 4

March 4, 2021 by en.nhandan.org.vn

* Mainland China reported 10 new cases on March 3, matching the figure from a day earlier, the country’s national health authority said.

* New infections of COVID-19 are dropping in the United States, Canada and Mexico, but in Latin America vaccinations have hardly begun, raising the risk of dangerous new variants emerging, the Pan American Health Organization said.

* Brazil’s economy shrank by 4.1% last year due to the pandemic, its worst drop in decades, as a devastating second wave threatens to cut short a stronger-than-expected rebound at the end of 2020.

* The US Senate is expected to begin debating President Joe Biden’s US$1.9 trillion coronavirus relief package on Thursday after agreeing to phase out payments to higher-income Americans in a compromise with moderate Democratic senators.

* Europe’s medicines regulator said it has started an ongoing review of the Sputnik V vaccine developed by Russia’s Gamaleya Institute for possible approval in the region, while the European Commission said that there were no talks under way to buy Russia’s vaccine.

* Chancellor Angela Merkel and German state leaders have agreed a phased easing of coronavirus curbs along with an “emergency brake” to let authorities reimpose restrictions if case numbers spike again, while France is preparing for a possible easing of restrictions from mid-April.

* Italy will administer a single vaccine dose to those who have already been infected with COVID-19, the health ministry said.

* Hungary will close all shops except foodstores and pharmacies and shift to remote learning in primary schools as cases are spreading fast.

* Brazil set a daily record for COVID-19 deaths for a second straight day on Wednesday, as a resurgence of the virus led Sao Paulo state to shutter businesses and the government to try to clinch vaccine deals with Pfizer and Janssen.

* Venezuela’s President Nicolas Maduro said authorities have detected the Brazilian variant of the coronavirus in the country.

* OPEC and its allies in will decide on Thursday whether to freeze oil output or raise it slightly from April as a recent price rally is clouded by concern over the fragility of economic recovery during the COVID-19 pandemic.

* The crude oil market “shows clear signs of recovery in terms of consumption, supply and prices” in March, Venezuelan Minister of Petroleum Tareck El Aissami said Wednesday.

* Egypt expanded its vaccination rollout to include the elderly and people with chronic diseases after several weeks of vaccinating medical staff.

* Turkish restaurants reopened and many children returned to school on Tuesday after the government announced steps to ease restrictions even as cases edged higher.

* Britain’s medical regulator said it would fast-track vaccines for coronavirus variants, adding that the makers of already-authorised shots would not need new lengthy clinical trials to prove their adapted vaccines will work.

* Iran has agreed to hold technical meetings in early April with the International Atomic Energy Agency (IAEA) to clarity outstanding concerns, IAEA Director General Rafael Grossi said on Thursday.

* Intensified control operations and limited breeding of locusts in east Africa have calmed the locust crisis in the region, the Food and Agriculture Organization of the United Nations (FAO) said in its latest update on Thursday. FAO noted that control operations have been intensified in Ethiopia and Kenya against swarms that are still immature.

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Securities association expresses concern over prospect of 1,000 shares minimum trading lot

March 4, 2021 by hanoitimes.vn

The Hanoitimes – A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality.

The Vietnam Association of Securities Businesses (VASB) has expressed concern over a proposal of the Ho Chi Minh City Stock Exchange (HOSE) in raising the minimum trading lot to 1,000 shares to ease the overload issue.

A 1,000 minimum trading lot could reduce 40-50% of the total transaction volume on HOSE. Photo: Cong Hung

“The way out for such issue is to upgrade HOSE’s trading system, and the state authorities should speed up the process as soon as possible,” VASB’s Vice Chairman Phan Quoc Huynh told tinnhanhchungkhoan.vn .

According to Huynh, a 1,000 minimum trading lot would limit the participation of small investors, while the stock market is moving towards fairness and equality.

Huynh referred to opinions from some securities firms as saying that the move would cause negative impacts on Vietnam’s stock market.

Meanwhile, a higher minimum trading lot may cause a sharp decline in the trading volume for stocks of firms with large market capitalization in the context of unchanged stock value, said Huynh.

“With expensive stocks, investors may have to spend hundreds of million dong to buy the minimum 1,000 shares,” he said.

Chairman of SSI Securities Corporation Nguyen Duy Hung on his social account gave a more positive view on HOSE’s proposal, saying the trading system would be on the brink of collapse without appropriate measure.

“Raising the minimum trading lot to 1,000 shares is necessary at the moment to keep the system running,” he said, adding when the system upgrading process is completed, the minimum trading lot could be reverted to 10.

Hung said the overload of orders that forces the stock exchange to halt market trading is the result of a rapid-growing stock market that outpace the processing capacity of the stock market, as such, “a long-term solution is a must,” he suggested.

Newly-appointed General Director of HOSE Le Hai Tra previously said more developed markets such as Japan, Taiwan or Singapore had all risen the minimum trading lot.

He estimated a 1,000 minimum trading lot could reduce 40-50% of the total transaction volume, while taking the liquidity to a new level.

In another move, the State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, has instructed the Hanoi Stock Exchange (HNX) to process transactions of stocks from the HOSE as another solution to ease the latter’s overload issue.

However, an option to move to the HNX would not apply for stocks under the VN30 Index, comprising 30 largest stocks on the HOSE.

The new change was set to take effect from March 3, 2021 until further instruction from the SSC.

Both before and after the Tet holiday, the overload occurred repeatedly on HOSE whenever liquidity in a trading session hit around VND14-17 trillion (US$608-738 million).

The SSC attributed the overload issue on the HOSE to the transaction processing capacity of the stock exchange that limits the number of transactions per day, while a recent surge of orders has exceeded the expectation of the market.

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Heat wave strikes southern Vietnam

March 4, 2021 by vov.vn

According to reports by Le Dinh Quyet, deputy head of the forecasting department at the Southern Regional Hydrometeorology Station, the current heat wave is caused by a subtropical high-pressure system crossing the south.

Moving forward over the coming days, Quyet anticipates that the region’s UV Index will remain at a ‘very high’ level, from nine to 10.

He therefore predicts that the next five days will see the average temperature in the southern region remain around 34 to 36 degrees Celsius. In Ho Chi Minh City, average temperatures will be around 35 to 36 degrees Celsius, although the real feel may be higher, around 37 to 38 degrees Celsius.

Local residents are therefore advised to wear sun protective clothing alongside sunglasses, hats, face masks, and sunscreen when going out during the daytime. They are also encouraged to drink more water to avoid dehydration in the scorching sun.

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Scientific research wholeheartedly promoted nationwide

March 3, 2021 by sggpnews.org.vn

A survey conducted by Prof. Dr. Nguyen Dinh Duc from Vietnam National University – Hanoi reveals that in 10 years from 2009, the number of Vietnamese articles published in international scientific journals increased fivefold (between 1,764 articles in 2009 to 8,234 in 2018).

After the introduction of Resolution No.29 in 2013, which promotes scientific research in different fields, only in 2 years from 2017-2018, leading universities in Vietnam possess around 10,000 research result reports announced internationally.

Statistics of Web of Science (WoS) and SCOPUS also display that in 2018, the quantity of annual international announcements related to research result reached nearly 10,000, 70 percent of which belongs to tertiary educational institutes. Vietnam National University – Hanoi and Vietnam National University – Ho Chi Minh City are the two with the most articles.

Minister of Education and Training Phung Xuan Nha commented that since 2014, 23 universities in Vietnam have piloted comprehensive autonomy in operation, in accordance with Resolution No.77 by the Government. This means more organizational-scaled prizes and awards for successful research and published articles.

Following that was the implementation of the Law on Higher Education on July 1, 2019. They have become the driving force for bustling scientific research activities among tertiary educational institutes in the country, leading to an impressive breakthrough in both training and researching tasks.

As a consequence, in 2019, Vietnamese tertiary education was ranked 68/196 nations worldwide, an increase of 12 positions compared to 2018. 2019 was also the first year that 4 Vietnamese universities appeared in the list of Top-1000 Global Best Universities and 11 in the list of Top-500 Asian Best Universities.

Prof. Dr. Nguyen Dinh Duc voiced his opinion that there should be different policies for research groups of different fields. These policies should be sensibly adjusted to ensure the highest performance possible. He then shared that basically, research groups are divided into 3 groups of organizational, national, and international levels, with different financial needs.

Prof. Nguyen Van Tuan from New South Wales University (Australia) suggested that Vietnamese higher educational institutes need to clearly identify their research goals to fulfill the ultimate one of socio-economic growth.

Director of Vietnamese National University – Ho Chi Minh City Vu Hai Quan said that national universities must be bolder to apply breakthrough investment mechanisms to boost scientific research, with a clearer vision.

“A true scientist doesn’t conduct research for the sake of awards or prizes. Rather, he or she must treat research as a lifetime mission, a passion. No matter what the motto of a university is, its teaching staff must carry out scientific research to have a sustainable development”, stated Associate Prof. Dr. Bach Long Giang from Nguyen Tat Thanh University.

By Thanh Hung – Translated by Thanh Tam

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Yen Tu pagoda complex silenced by Covid-19

March 4, 2021 by e.vnexpress.net

Yen Tu pagoda complex silenced by Covid-19

A checkpoint on the way to Yen Tu Mountain in Uong Bi Town of Quang Ninh, home to world famous Ha Long Bay.

All pagodas and temples in Quang Ninh were shut from Feb. 14 to March 2 as the northern province became a major Covid-19 hotspot, with 61 community transmissions recorded during the country’s latest outbreak that commenced on Jan. 28.

Overcrowding is common at pilgrim sites in the early days of the first lunar month annually.

Yen Tu pagoda complex silenced by Covid-19

In previous years, Yen Tu received tens of thousands of Buddhist pilgrims a day during the first lunar months seeking to pray for luck and peace.

Visitors can take a cable car, built 10 years ago, to Dong Pagoda at the mountain top.

Yen Tu pagoda complex silenced by Covid-19

An employee remains on duty to operate the cable car even though there is no one around.

Yen Tu pagoda complex silenced by Covid-19

The footpath to Hoa Yen Pagoda is left completely deserted.

Yen Tu Mountain is associated with the legend of King Tran Nhan Tong, who founded the Truc Lam Zen sect in the late 13th century after abdicating his throne and embracing the life of a Buddhist monk on the mountain.

Yen Tu pagoda complex silenced by Covid-19

All temples and pagodas on the mountain stand bereft of visitors.

Yen Tu pagoda complex silenced by Covid-19

At an altitude of 535 meters above sea level, Hoa Yen Pagoda is the oldest and biggest in Yen Tu.

Yen Tu pagoda complex silenced by Covid-19

Mot Mai Pagoda, one of the top tourist attractions on Yen Tu Mountain.

Yen Tu pagoda complex silenced by Covid-19

Quang Ninh has recorded no Covid-19 community transmissions over the past three weeks. Provincial authorities allowed some non-essential services to resume operations from Wednesday except in Dong Trieu Town, formerly under lockdown.

But pandemic prevention protocols remain in place, including social distancing, health declarations and masks, while tourist services are only allowed to serve locals.

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Hotspot province still needs to stay alert: official

March 4, 2021 by vietnamnews.vn

Doctor Trần Như Dương, Deputy Director of the National Institute of Hygiene and Epidemiology, head of the special task force of the Ministry of Health sent to Hải Dương Province in the past month, talks to the Vietnam News Agency about the task force’s work and what to expect in the coming months in the fight against COVID-19

Hải Dưong has basically controlled the pandemic and started to move to a new phase of both pandemic prevention and socio-economic development. However, the fight is not over, so what are the risks ahead of us?

Up to now, with huge efforts, we have obtained such remarkable results. However, the risk of another outbreak is still quite possible if we are ignorant or do not continue to implement drastic preventive measures. Besides, with this virus strain, there’s a high rate of healthy people carrying it around without any symptoms. Therefore, the source of transmission might be healthy carriers, which is always a risk to the community and may also cause new cases in the coming time. We must face this fact to always be highly vigilant and proactive. There must be appropriate, feasible and effective measures for both safety and socio-economic development. Therefore, we must always be aware that COVID-19 pandemic prevention on a regular basis is now a part of life under new normal conditions.

As an expert in epidemiology, after more than a month in Hải Dương in the fight against the COVID-19 pandemic, what were the difficulties in the fight against this outbreak?

The situation in Hải Dương was very complicated and difficult. First, the outbreak was caused by a UK virus strain that is able to spread very quickly and vigorously. Second, according to statistics of the Department of Medical Administration, the rate of healthy people carrying this virus strain this time is twice as high as compared to previous outbreaks, up to 80 per cent of the new cases, so it is extremely difficult to monitor and detect cases through conventional surveillance methods. What we had to do was large-scale and quick testing.

Thirdly, the outbreak was detected late both in Chí Linh City and Cẩm Giàng District, so it caused large transmission, creating a complicated hotspot. In Chí Linh, the outbreak occurred initially in the industrial zone environment, so it was highly infectious and created a great epidemiological connection with the population in many different districts in the province. In Cẩm Giàng, the virus source cane from a karaoke service, so the greater the epidemiological connection is, the more difficult it was for us to track down. Fourth, the outbreaks happened around the Tết (Lunar New Year) holiday, so it was even more difficult. In particular, due to the large number of cases in a short time, quarantine and quick testing with F1 cases had to be done timely so it was a huge amount of work.

Hải Dương has made great, drastic and prompt efforts in fighting the pandemic. The province closely followed the guidelines and directions of the Government in implementing anti-pandemic measures and has fought not only for Hải Dương to be safe but also to keep the whole country safe. Up to now, the province has established nearly 11,000 COVID -19 prevention groups in the community with about 2,500 people participating. The establishment and work of these groups is a considerable effort by Hải Dương authorities.

What should Hải Dương do to both fight the pandemic well and maintain socio-economic development?

In the current context, Hải Dương needs to continue updating and completing the overall plan on COVID-19 pandemic prevention of the province, which must include detailed scenarios, situations and assurance of resources and facilities.

The province should continue to thoroughly implement pandemic prevention and control measures according to regulations and properly and fully implement the five strategies set out by the National Steering Committee for pandemic prevention and control. When new cases appear, authorities must immediately handle the outbreak early on and not let transmission spread too far.

It is necessary to maintain the effectiveness and nature of the COVID-19 monitoring and control groups in the community. These groups are extremely important because they are the implementation of a community-based and people-based anti-pandemic strategy. The groups are also an extended arm of the government and the health sector in pandemic prevention. Hải Dương must consider this one of its strategic, fundamental and long-term tasks. The establishment of COVID-19 safety groups in offices, schools and businesses also needs to be effectively maintained.

The province also needs to focus on monitoring, ensuring absolute safety for hospitals and closely monitoring old outbreaks and new outbreaks. It also needs to maintain proper human resources in surveillance systems at all levels to detect new cases immediately. Hải Dương also has to ensure long-term funding for monitoring, sampling and testing COVID-19, because this is a very important indicator of pandemic monitoring. Along with that, it should periodically organise sampling of some groups of people at high risk.

At the same time, the province should enhance its education to local residents about the need to stay vigilant and not let their guard down too early.  VNS

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