HCMC has enough Covid vaccine for inoculation of immigrant laborers He said at a regular press conference to inform about the epidemic situation in the city on September 26 organized by the Ho Chi Minh City Steering Committee for Covid-19 Prevention and Control. Mr. Tam added that about 7 million residents in the southern metropolis have received their first dose of a Covid-19 vaccine and 2.6 million people have got their second dose of a Covid-19 vaccine. At the press conference, Deputy Head of Ho Chi Minh City's Steering Committee for Covid-19 Prevention and Control Pham Duc Hai said that the Ministry of Health presented the draft in an online meeting of the National Steering Committee for Covid-19 Prevention and Control with 63 provinces and cities on September 25, in which, the Ministry of Health provided three mandatory indicators and four high-risk levels. However, many points in the ministry's draft guidelines were not close to the city’s health care situation such as … [Read more...] about HCMC has enough Covid vaccine for inoculation of immigrant laborers
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HCM City to receive 56,555 tonnes of rice from national reserve The General Department of State Reserves under the Ministry of Finance has issued a document on the provision of over 56,555 tonnes of rice from national reserve to Ho Chi Minh City to support pandemic-hit residents. The department has signed contracts with the Phat Tai Company Limited in Dong Thap province, Thuan Minh Import-Export JSC in HCM City and Trung An High-Tech Agriculture JSC in Can Tho city to buy enough rice to supply to HCM City. The HCM City State Reserve Department is tasked to work with local authorities to distribute fee rice to people in need. Earlier, the General Department has given 14,500 tonnes of rice to the city. The distribution was completed on September 9./. Local students win ASEAN Youth Social Journalism Contest 2021 Vietnamese students Nguyen Nhat Vi and Pham Quang Vinh, both of whom are studying at RMIT University, have won third prize at the ASEAN Youth Social … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 25
The imposition of the floor price is aimed at balancing the interests of local consumers, airlines, and the State. As August’s proposal to apply minimum fares for air tickets under the draft circular on pricing scheme aroused controversy, the Civil Aviation Administration of Vietnam (CAAV) has submitted a report explaining the imposition of floor prices to the Ministry of Transport. The imposition of the floor price may exert negative impacts on some airlines’ operations. Photo: Vietjet Air The CAAV’s Director Dinh Viet Thang affirmed that the calculation of the floor price is complicated as costs and services of local airlines are not on the same level, making it difficult to determine the minimum price applicable to all airlines. Therefore, the minimum price is defined by comparing with that of other countries, Thang said. The proposed floor price is equivalent to 20% of the regulated ceiling price on domestic routes. The rate of Indonesia, India, and … [Read more...] about How will Vietnam apply domestic airfare floor price?
With the growing impacts of the Covid-19 pandemic, local businesses rely on supportive measures from the local authority to cope with hardship. The Hanoi Association of Small and Medium Enterprises (Hanoisme) has proposed the Vietnamese government extend the relief package that includes lowering and waiving of interest rates for the business community amid the growing impacts of the Covid-19 pandemic. Illustrative photo. Following a quick survey on the impacts of the pandemic on enterprises operating in Hanoi, the Hanoisme suggested that the Hanoi People’s Committee should continue pushing for administrative reforms and expanding investment in industrial parks. Additionally, trade promotion activities are key to help enterprises boost sales and penetrate new markets, Anh said. The Hanoisme expected the local authorities to reduce land rental fees by 50% for the first six months of 2020, as well as costs of electricity, water, and other administrative fees … [Read more...] about Hanoi SMEs proposes extending relief programs for firms hurt by Covid-19
According to BaoViet Securities Company (BVSC), corporate bonds worth a total of VND190.66 trillion ($8.3 billion) were issued in the first half of this year, up 6.18 per cent year-on-year. — Photo tapchinganhang Data recently released by the State Bank of Viet Nam shows that deposits by corporate customers at banks have been increasing since the beginning of this year. By May enterprises had deposits of VND5,036,953 billion, or 3.26 per cent higher than at the beginning of the year. Individual customers had deposits of nearly VND5,275,730 billion. Corporates thus accounted for 49 per cent of total deposits, up from the average 40 per cent in past years. The figure has surprised market analysts. The COVID-19 pandemic is considered to be one of the key reasons for the surge in deposits by companies. Analysts said the pandemic has severely affected some key economic hubs, especially HCM City, forcing many companies to suspend their operations for a long time. Since their … [Read more...] about Businesses’deposits at banks surge : Is it good or bad ?
Enterprises should not rely solely on the government’s support, but take this opportunity to restructure operation and develop new products, said a local government official. The Hanoi People’s Committee has instructed local authorities to closely monitor performance of local enterprises, and ensure greater efficiency of support programs for those affected by the Covid-19 pandemic. Illustrative photo. Source: Nha Trang. Director of the State Bank of Vietnam – Hanoi branch Nguyen Minh Tuan said the agency has been organizing bank-enterprise matching program and providing preferential loans with low interest rates. Additionally, commercial banks are providing different support programs for customers based on their assessment of borrowers’ financial capabilities and their losses. Director of the Hanoi Department of Taxation Mai Son informed that in a move to mitigate the negative impacts of the Covid-19 pandemic to state budget revenue, the municipal tax … [Read more...] about Hanoi continues strong support for businesses affected by Covid-19