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Defense Minister works with Military Region 7

March 7, 2021 by en.qdnd.vn

According to Commander of Military Region 7 Major General Nguyen Truong Thang, despite the serious impacts caused by the COVID-19 pandemic and natural disasters, Military Region 7’s armed forces successfully fulfilled all military and defense missions and effectively combated SARS-CoV-2. Particularly, together with building a border patrol road, military units in the region built 34 residential areas near border posts, including 170 houses. The units also constructed around 300 houses for needy ethnic minority people and religious followers.

For the 2021 Lunar New Year Festival, agencies and units under the military region formed missions to visit and present gifts to their personnel and local residents, especially those in remote areas, along the border and on islands. These activities helped troops and local people have a cozy and happy New Year.

General Thang stressed that Military Region 7 completed all set targets for the enlistment work for this year and all the recruitees had their health checked and tested negative for SARS-CoV-2 before being handed over to military units in the region.

Speaking at the meeting, General Lich praised the military region’s armed forces for their achievements in implementing military and defense missions and raising their combat power over the past time. He asked Military Region 7’s leaders to focus on the building of the whole people’s defense posture, defensive areas, and local armed forces. Units under the military region should continue building politically-based armed forces, raising training quality, and combining training with regulation building.

The military region should also take measures to build strong Party organizations, raise competence of its personnel, foster cooperation with localities, and contribute to localities’ socio-economic development and defense consolidation, Lich added.

Concluding the working session, General Lich expressed hope that personnel of Military Region 7’s armed forces will try their best to take the lead in the “Determined to Win” movement this year and in the years to come.

Translated by Tran Hoai

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Vietnam records three more COVID-19 cases on March 7 afternoon

March 7, 2021 by en.vietnamplus.vn

Vietnam records three more COVID-19 cases on March 7 afternoon hinh anh 1 Illustrative photo (Source: VNA)


Hanoi (VNA) –
Vietnam recorded 3 new COVID-19 infections over the past 12 hours to 6pm on March 7, according to the National Steering Committee for COVID-19 Prevention and Control.

The new cases included 2 imported who were quarantined in Bac Ninh province right after their arrival, and one in Hai Duong province.

The new patients brought the total count in the country to 2,512, including 1,585 domestically-transmitted cases.

The Treatment Subcommittee reported that a total of 1,920 patients had been given the all-clear from the coronavirus SARS-CoV-2 so far, and the fatalities remained at 35.

Among the active patients undergoing treatment, 65 tested negative to the virus once, 57 twice and 137 thrice.

As many as 45,219 people who had close contact with confirmed COVID-19 patients or entered Vietnam from pandemic-hit regions are being quarantined across the country, including 506 in hospitals, 14,266 in other establishments, and 30,446 at home./.

VNA

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Analysts send mixed notes on market trend this week

March 7, 2021 by bizhub.vn

Analysts from securities firms struggled to figure out the market’s trend this week after last week’s turbulent sessions. — Illustrative Photo

With the market experiencing strong volatility last week, analysts from securities firms are having difficulties forecasting movements this week.

While some expected that cash flows might stay in the market and gradually balance to prepare for the next rally, some analysts predict cash flows will weaken and the market might fall to lower levels to seek new demand.

The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) finished last week at 1,168.69 points, up 0.01 per cent, after turbulent sessions. The index kept falling in the morning and bouncing back later in some early sessions of the week.

For the week, the VN-Index rose 0.02 per cent.

With the index nearly sideways in the last session, analysts from Viet Dragon Securities Corporation (VDS) said the market almost reached a balanced territory to prepare for a bullish period.

Meanwhile, BOS Securities Corporation (ART) assessed that technically, the VN-Index had received support from strong demand at the 1,155 – 1,160 points level in the last trading session. However, technical indicators still showed weaker cash flows while signs of a bull market are nowhere to be seen.

The securities firm expects the VN-Index might successfully test the 1,170 points level early this week before confirming the return of a rally.

According to Phu Hung Securities Corporation, on the technical font, the VN-Index will bounce back. Transaction volumes decline but remain higher than the average of 10 and 20 trading days, which means cash flows will stay in the market. Technical indicators showed recovery is the market’s main trend in the short-term, the firm added.

Analysts at Sai Gon – Ha Noi Securities JSC (SHS) said the market rose in the first two sessions of last week to test the psychological resistance level of 1,200 points again. But the effort of buyers failed as selling pressure persisted.

The frequent overload of orders during trading hours on HoSE last week also affected transactions, making investors’ sentiment turn negative.

The short-term trend of this week is unpredictable with the market falling deeper to find new demand.

Last week, the market’s liquidity in both southern and northern exchanges was higher than the week before and higher than the 20-week moving average.

Utilities stocks posted the biggest gain last week with an increase of 3.4 per cent in market capitalisation. Of which, some outstanding stocks were PetroVietnam Gas JSC (GAS), up 3.6 per cent and PetroVietnam Power Corporation (POW), up 6.7 per cent.

Other sectors witnessing good performance were materials, consumer services and industry.

Meanwhile, consumer products stocks reported the biggest loss of 1.2 per cent in market capitalisation with Masan Group Corporation (MSN) down 1.2 per cent, Viet Nam Dairy Products JSC (VNM) down 1.7 per cent and Saigon Beer – Alcohol – Beverage Corporation (SAB) down 5.4 per cent.

Banking, pharmaceutical and healthcare, and information technology (IT) stocks also fell 0.3 – 1 per cent.

Foreign investors fled from the market last week, with a net sell value of over VND3.08 trillion, equivalent to 82.7 million shares. — VNS

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