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Vietnam reported five new COVID-19 infections on February 26 evening, including four domestically-transmitted cases in Hai Duong and one imported case in Dong Thap province.

Skype co-founder Jaan Tallinn is the latest big tech name to invest in Vietnamese startup Loship

Tallinn’s investment in Loship puts him on a list of global tech leaders betting on Vietnamese tech startups, which has shown resilience and growth even amidst COVID-19. Thus, Loship is poised to become a prominent tech figure for any seasoned investor looking at Vietnam, according to Loship CEO Trung Hoang Nguyen.

“MetaPlanet’s investment will help us build a much stronger image of Loship as a National Startup Hero. The competition will be much steeper in the long term, and we hope to pick up deep tech insights from Jaan Tallinn that can be applied to the Vietnam market,” he further opined.

The latest fundraising, which is part of the startup’s Series C round, comes just four months after its undisclosed bridge round led by Vulpes Investment Management. The new funding would fuel Loship’s path to becoming Vietnam’s leading one-hour-delivery e-commerce platform.

“We already have a winning playbook, and we look to expand it to more markets. Secondly, we know what we want to do with our product, and there are just 1 per cent of things that have been done. So, a huge portion of the funding will be poured into upgrading our app and increasing our tech capability. Also, we will ramp up marketing strategies to strengthen our foothold in the existing markets,” stated the CEO.

Founded in 2017, Loship traces its roots back to Lozi , a review app allowing users to find food, beverage, and coffee shops, before transitioning into a one-hour-delivery services platform. Loship had earlier closed its Series A and B rounds from several investors, including South Korea’s Smilegate Investment, Hana Financial Group, DTNI, Golden Gate Ventures, before announcing its Vulpes Investment Management-led bridge round in October 2020. The round was joined by DAAL Ventures and Wealth Well (Saudi Arabia-based VC Firms), Eucagi Ventures (Nigerian VC Firm), KI Group, and the vice president of Starbucks.

The plan is being made because of pandemic developments including new variants and outbreaks globally.

The department will continue to use available personnel and facilities at designated hospitals for treatment of COVID-19 patients.

These hospitals include Cu Chi COVID-19 Treatment Hospital with 300 beds, Can Gio COVID-19 Treatment Hospital with 600 beds, HCM City Hospital for Tropical Diseases with 40 beds at its Department for Transmissible Diseases D, and the City Children’s Hospital and Children’s Hospital 2.

These hospitals will be ready to increase the number of beds to admit COVID-19 patients and others suspected of having COVID-19 if an outbreak occurs.

If the hospitals become overloaded, the department will use Pham Ngoc Thach Hospital’s 464 beds to admit COVID-19 patients.

The department has instructed hospitals in the city to prepare doctors and nurses to be available for examination and treatment of COVID-19 patients if necessary.

These doctors and nurses will have to receive training in professional knowledge on treatment and control of infections, and ensure safety for medical staff as well as patients.

Last year, the Cu Chi COVID-19 Treatment Hospital and Can Gio COVID-19 Treatment Hospital were the two main health facilities isolating and treating COVID-19 patients and suspected cases. This was done to help reduce pressure and risk of transmission at city hospitals.

The hospitals’ doctors and nurses came from other hospitals in the city and worked on a rotation system.

The department has also instructed the 115 Emergency Centre to continue carrying out its task of transporting COVID-19 patients to designated hospitals for treatment.

Hospitals have helped the city Centre for Diseases Control and Prevention (CDC) to take samples for testing at Tan Son Nhat airport, and bus and railway stations.

Besides the Pasteur Institute and the CDC, tests are conducted by the HCM City Hospital for Tropical Diseases, Children’s Hospital 1, City Children’s Hospital, and Pham Ngoc Thach, Nguyen Tri Phuong, District 2, Thu Duc, FV, Gia An 115 and Hoan My Sai Gon hospitals, as well as several hospitals owned by the Ministry of Health and other agencies.

This year, more hospitals in the city will be assessed for their capacity to conduct COVID-19 tests.

The department has instructed hospitals to prepare medicine, chemicals and protective clothes as well as equipment for their medical staff when they are called for emergencies.

It has also required all hospitals and health facilities to review and assess safety criteria in COVID-19 prevention and control. They have been ordered to ask their patients to fill out online health declarations.

Since February 5, when online health declarations began at hospitals and health centers in the city, 127 private and public healthcare facilities have used the department’s health declaration application.

By March 8, all hospital and health center in the city will have to use the application.

According to the department, hospitals should offer training courses for their doctors and nurses in screening, isolating and taking samples for tests, and treatment guidelines related to COVID-19 issued by the Ministry of Health.

Hospitals have also been instructed to take samples for testing all of their staff by March 10.

Following the Ministry of Health’s requirement, the department is collaborating with Cho Ray Hospital to set up an expert team specializing in COVID-19 treatment to assist other hospitals that admit severely ill COVID-19 patients who need emergency treatment.

Source: VNA

Metro Line 5, phase 2, has a total length of about 14.5km, from Bay Hien intersection to the new Can Giuoc bus station

In a letter sent to the Management Authority for Urban Railways of Ho Chi Minh City (MAUR) and Ho Chi Minh City People’s Committee, Soun-young Chung, general manager of Kexim Bank’s Global Business Cooperation Division said that the bank will soon finance the pre-feasibility study.

The project will transform from official development assistance (ODA) to the public-private partnership (PPP) model.

The study is implemented on three specific aspects: engineering, financing, and legality.

Members of the research team and participating investors have extensive experience in the construction and operation of urban railway lines, including Metro Line 9 of Seoul, Korea, built under the PPP model.

On January 19, the MAUR worked with a group of investors and consulting companies from Korea.

The group consists of Kexim Bank, Hyundai Engineering Co., Ltd., Lotte Corporation, Samil PwC (finance consultant), Dohwa Engineering (engineering consultant), Sejong Corporation, and Shearman & Sterling (legal advisory), among others.

It is anticipated that the pre-feasibility study will be summited by the end of 2020.

The pre-feasibility study of phase 2 of Metro Line 5 was previously funded by the Korea International Cooperation Agency (KOICA). However, due to objective reasons, the ODA form cannot be implemented and is being replaced by the PPP format.

At present, KOICA is funding an urban planning research technical assistance project based on transit-oriented development (TOD) on this section.

Metro Line 5 has a total length of 23.4km separated into two phases. Phase 1, from Bay Hien intersection to Saigon Bridge, has a total length of about 8.89km and a total investment value of about $1.66 billion. Phase 2, from Bay Hien intersection to the new Can Giuoc bus station, has a total length of about 14.5km.

Funding for this project comes from the Spanish government, the Asian Development Bank (ADB), European Investment Bank (EIB), and German Reconstruction Bank (KfW).

Ho Chi Minh City is planning to construct eight metro lines with a total length of about 220km, with the total investment of nearly $25 billion. Currently, Metro Line 1 (Ben Thanh-Suoi Tien) and Line 2 (Ben Thanh-Tham Luong) have been invested in the form of ODA.

In addition to phase 2 of Metro Line 5, which is calling for investment, Ho Chi Minh City is also calling for investment in four other metro lines, including Line 2 (phase 2), 3A, 4, and 5 (phase 1).