The ticking time bomb of Evergrande has been making headlines for many days. The world's most indebted real estate group is saddled with more than $305 billion in debt and has issued repeated warnings that it could default. Currently, Evergrande's stock and bond prices are falling sharply, declining 90 per cent from their peak in 2020. Shareholders and 70,000 investors stand to lose almost everything as the Chinese government signalled intention to let Evergrande handle matters on its own under market mechanisms. According to CNBC , the Evergrande is threatening to push over real estate companies like a line of dominoes stretching across China while the international press is making a list of other large enterprises whose hefty debts could catch up with them after property sales and debt credit decline. The cooling of the housing market could pose a serious risk to the Chinese economy, as the real estate industry contributes nearly 30 per cent of its GDP and is one of the … [Read more...] about Vietnam’s real estate scene post-Evergrande: who will stand tall?
Negligent failure to warn
HCMC will remove 51 Covid-19 checkpoints at gateways The information was shared by Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai on the sidelines of the second session of the 15th National Assembly yesterday afternoon. According to Chairman Phan Van Mai, the city is concentrating on building the criterion sets for safety assessment in the business production and education sector to ensure the safety of business production activities and resume daily activities for residents. In addition, the city is focusing on the assessment of pandemic levels to build mechanisms of monitoring and warning the pandemic situation, promptly responding to situations arising from Covid-19. In the afternoon of the same day, the Road – Railway Traffic Police Division under the HCMC Department of Public Security said that from October 20, the functional forces at 12 checkpoints in the gateways to the city will only check the vaccination record without requiring Covid-19 negative … [Read more...] about HCMC to remove Covid-19 checkpoints at gateways
J&J is expanding in Vietnam, including in hospital management. Photo: Le Toan Member companies of the US-ASEAN Business Council at a meeting with Deputy Minister of Health Truong Quoc Cuong on October 12 proposed seven new projects in the healthcare sector. Tech company 3M is to cooperate with departments under the Ministry of Health (MoH) to update local guidance on bacterial contamination control, wound care, and practices in surgery rooms, expected to support the MoH in implementation and improvement of new guidances. Meanwhile, Amazon Web Services proposed building and organising educational workshops to help health staff and policymakers of the MoH improve their knowledge about cloud computing services. Crowell & Morning International discussed a venture on regulations of medical devices through a public-private partnership between the US Agency for International Development, the American National Standards Institute, and the Advanced Medical Technology … [Read more...] about US health behemoths cater to fresh demand