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HCM City keeps shutdown of certain services in place

February 26, 2021 by en.qdnd.vn

The municipal People’s Committee has ordered continued closure of dance halls, bars, karaoke parlours, pubs, beer clubs, and facilities for indoor sports activities like gym, fitness, billiards, and yoga centres.

Others not included in this list can be reopened but have to carry out all anti-coronavirus measures regulated by health authorities.

Besides, the set of safety assessment criteria in COVID-19 prevention and control must be seriously implemented in the fields of tourism, transport, and restaurant services, as well as at wholesale and retail markets, supermarkets, trade centres, relic sites, and libraries.

A distance of at least one metre from each other must be kept in those activities, and food service supplying establishments are not permitted to serve more than 30 people at the same time, according to the administration.

Meanwhile, religious activities and rituals at local places of worship can take place with no more than 50 participants at the same time. They also have to comply with other disease prevention measures regulated by the health sector, the People’s Committee said.

Earlier, the committee also permitted schools across the city to be reopened from March 1.

On February 23, the lockdown on an apartment block in Ward 13 of Tan Binh district was lifted. This was the last of the 35 sealed-off sites that had their COVID-19 lockdown removed in HCM City.

Source: VNA

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Vietnam’s biggest coronavirus hotspot records four more cases

February 26, 2021 by vov.vn

All of the four new patients had come into close contact with COVID-19 cases, the ministry said in its 18.00hrs update.

The outbreak has been brought under control in Hai Duong as only several cases have been detected these days as opposed to dozens a week ago.

Hai Duong has taken drastic anti-coronavirus measures, including a two-week social distancing order, starting on February 16.

The virus recurred in Vietnam less than a month ago and has spread to 13 cities and provinces across the country.

As many as 831 new infections have been since confirmed, including 647 cases in Hai Duong alone.

The same day, 35 COVID-19 patients were discharged from hospital after making a full recovery from the disease. Of them, 27 are in Hai Duong province.

Also on February 26 the Ministry of Health announced another imported case returning to Vietnam from overseas.

The 24-year-old Vietnamese patient was said to have illegally crossed the land border into the Mekong Delta province of Dong Thap on February 23.

She tested positive for the SARS-CoV-2 virus two days later.

Among active cases, an elderly patient in Da Nang city, central Vietnam, is in critical condition and has been relying on ECMO, a sophisticated therapy to save patients in critical condition. The patient has suffered from hypertension and diabetes for years.

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Aeon Vietnam support the consumption of Hai Duong agricultural products without profit

February 26, 2021 by ven.vn

aeon vietnam support the consumption of hai duong agricultural products without profit

On the first day, tons of agricultural products were available at General Merchandise Store & Supermarket (GMS) AEON – Long Bien, AEON – Ha Dong and AEON MaxValu Express Riverside Supermarket (Thanh Xuan, Hanoi), AEON MaxValu Express EcoPark Supermarket (Hung Yen).

These products including cabbage, kohlrabi, carrots, tomatoes, guava pears, … are packed in bags of 4-5 kg ​​or more with the same price of 30,000 VND / bag. AEON Vietnam purchased products for “rescure” from VietGAP certified farming suppliers and cooperatives in order to bring safe and quality products to consumers from Hai Duong province.

aeon vietnam support the consumption of hai duong agricultural products without profit

Representative of AEON Vietnam, Ms. Tran Thu Quynh – Northern Merchandising General Manager, said: “Understanding the difficulties of farmers in Hai Duong, AEON Vietnam would like to join hands to support and promote the consumption of their agricultural products. We hope that Covid-19 situation will be more positive, and lives of the people here will become stable again.

In the complicated context of the Covid-19, AEON Vietnam keeps maintaining and strengthening prevention measures in accordance with government regulations at all of its business locations nationwide as well as during the transportation of agricultural products. It is AEON Vietnam’s effort in ensuring a safe and secure shopping environment for customers and joining hands with the community to prevent the epidemic.

aeon vietnam support the consumption of hai duong agricultural products without profit

In February 2020, AEON Vietnam also participated in the activity of “rescue” agricultural products for farmers in the Southern provinces. In only 05 days (1/2 – 5/2/2020), the company has supported to consume nearly 20 tons of dragon fruit and nearly 60 tons of watermelon.

Aiming to be a needed retailer, AEON Vietnam is constantly striving to meet the needs of customers, enrich their lifestyle and contribute to the socio-economic development of Vietnam.

PV

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Mutual merit in Australian investment

February 26, 2021 by www.vir.com.vn

1532 p4 mutual merit in australian investment
Dr. Craig Emerson, director of the Australian APEC Study Centre

Vietnam’s success in containing COVID-19 with minimal economic fallout compared to other nations has improved its already-strong reputation for competent governance. The government has been liberalising Vietnam’s economy for decades and is now reaping the benefits of rapid growth.

Vietnam has stood to gain from the recent US-China trade conflict with many companies relocating at least some of their production facilities there. Vietnam is also rapidly adopting digital technologies to deploy automation, smart manufacturing, and big data analytics. Competent economic management, consistent reforms, swift digital uptake, and effective COVID-19 containment make Vietnam a very attractive destination for trade and investment in 2021 and beyond.

Economically, Vietnam is becoming a manufacturing powerhouse, particularly for electronics and apparel. It is also becoming a focal point for regional value chains with preferential access through free trade agreements (FTAs).

It has taken up trade deal commitments and accepted assistance to develop the institutional and regulatory environment, infrastructure, and facilitation to attract investment. The country is also actively working on non-tariff barriers to trade including intellectual property protection, food safety regulations, restrictions on the internet and digital economy, and other governance issues to accelerate the absorption of investment.

Vietnam needs to be considered in terms of its unique qualities and context. It is following its own development path in a new time, with different conditions, drivers, and realities. Comparisons can be made to Japan with its appreciation of tradition; to Singapore with its open trade policies and architecture; China’s southern Guangdong province in population scale and economic activity; and Indonesia in terms of benefits from a demographic dividend.

Vietnam has a web of FTAs that make it a strategic location for foreign investment as it offers preferential access to several markets. Vietnam continues to attract high levels of such funding from Japan, South Korea, Singapore, China, the United States, and other countries.

Vietnam maintains an ASEAN-first policy but is drawing attention from global investors, particularly due to its economic growth despite COVID-19 and attracted projects from more than 100 countries into its industrial zones during 2020.

1532 p4 mutual merit in australian investment
Enterprises from Australia are being encouraged to look into new business prospects in Asia. Photo: Le Tien

Approaching the market

The drivers of growth in Vietnam create attractive conditions and opportunities for Australian business in the post-pandemic environment. There is scope for manufacturing, agriculture, resources, and services businesses to expand engagement with Vietnam, now and into the medium term. The country’s rapid evolution will continue creating further chances as the economy and consumption mature.

There can be an increase in trade in goods where Australia has proven export capacity and readiness to meet demand in Vietnam. There are also possible increases in the value-added contribution of Australian content in Vietnam’s exports of manufactured products.

In addition, there are prospects to increase services trade in existing and new areas, particularly around education, healthcare, insurance, and environmental services. Both governments have prioritised these sectors under the expanding bilateral economic framework. Investment opportunities exist across the manufacturing, agriculture, services, and resources sectors and there are also those in relation to Vietnam’s digital transformation.

Globally, Vietnam is a major exporter of electronic equipment, apparel, and footwear. In terms of the Vietnam-Australia bilateral relationship, there are prospects for expanding Australian exports of beef, wheat and barley, cotton, horticultural products and processed food. There is also scope to expand exports of services in the education, ICT, mining technology, insurance, and environmental and healthcare sectors.

Australian businesses should also be aware of new prospects emerging in relation to Vietnam’s digital transformation and efforts to modernise economic activity through automation, AI, the Internet of Things, and big data.

Vietnam’s top merchandise imports from Australia are coal, iron ore, cotton, live animals, scrap iron, wheat, aluminium, copper, zinc, fruit, and nuts. The proportion of raw materials in the trade flows has steadily increased this century and now represents around half of all Australian merchandise exports.

Trade opportunities for Australia are supported by policy settings in Vietnam that are generally encouraging of foreign investment to advance the country’s position as a major regional trader. Australia’s exports show that businesses are already participating in value chains to which Vietnam belongs.

When semi-processed metals and fibre are shipped from Australia, it is likely they are being sourced by Vietnamese factories as inputs for final products, many of which are exported again for sale.

Vietnam is a promising market for company investment as a densely populated, developing, and urbanising country which is transitioning to an industrial and market-based economy through trade and investment and making great strides to position itself for Industry 4.0. Australia is currently a relatively small investor, but stock has doubled since 2015 and is growing faster than Australian investment into other ASEAN economies.

Most of Australia’s investment in Vietnam is in manufacturing (47 per cent) with lower levels in hospitality (8 per cent), construction/real estate (7 per cent), agribusiness (6 per cent), and healthcare (6 per cent).

Vietnam has historically had some state-owned enterprises (SOEs) with monopolies in particular sectors, some of which continue to operate. Under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam has committed to providing member countries with a level playing field for their companies competing with SOEs and ensuring any state-designated monopolies do not abuse their market power. Vietnam has also introduced legislation to equitise and divest SOEs and monopolies and ensure that they are offered only limited state preferences.

The CPTPP provides preferential access for Australian businesses to invest in Vietnam. It has the most liberal conditions for any foreign investors in Vietnam and these conditions are also available to other CPTPP members, including two of Vietnam’s largest investors, Japan and Singapore.

Australian movement

Australian businesses are being urged to expand engagement with Asia to capitalise on economic complementarities, diversify supply chains, and benefit from regional growth and integration. As an advanced and globally connected economy in the region, Australia is well placed to benefit from engagement with neighbouring Asian economies to build trade, investment, and innovation networks.

Even before the pandemic, heightened geopolitical tensions in the region driven by a more competitive relationship between the United States and China had highlighted the need for Australia to have a broad and diverse network of trading partners. Many companies in the US and Australia began to adopt a China+1 strategy, with Vietnam emerging as a preferred option.

As the pandemic struck and brought many supply chains to a standstill, first in China and then around the world, businesses and governments soon became painfully aware of their exposure to policy changes overseas. In some cases, this led to calls in Australia to re-shore supply chains, especially for essential medical supplies. More generally, although trade with Vietnam and other economies will not replace trade with China, it may help build resilience.

Australia is generally well-regarded in Vietnam. It is a considered a high-income, advanced economy with much to offer in terms of technology, managerial know-how, and skills. Brand Australia has a strong reputation for being high-quality, safe, and reliable. Exports of goods such as baby products, food, vitamins, and supplements are testament to this reputation.

As the business culture in Vietnam is strongly governed by relationships, Australian businesses should draw on the thriving Australia-Vietnam ecosystem already in place. Onshore and offshore resources are available from national and state governments, industry bodies, academia, students, alumni, diaspora, and locals. The insights and connections of Vietnamese diaspora in Australia, Australian expatriates in Vietnam, and Australian-educated Vietnamese students and graduates will prove invaluable to prospective businesses.

There are a lot of economic complementarities underpinning trade and investment between Australia and Vietnam, as well as traded sectors with the most potential for growth. Besides these, numerous opportunities are arising from the rapid digital transformation of both economies with the adoption of smart manufacturing, digital technologies, and data analytics.

Both governments are equally open about their support for a rules-based security and economic order in Asia, continued trade liberalisation and the centrality of ASEAN in maintaining regional stability.

There has been no better time for Australian businesses to engage in Vietnam. Despite pandemic-related challenges, its economy grew by nearly 3 per cent in 2020 while many of its regional peers, including Australia, fell into recession. Opportunities will continue to unfold for Australian businesses which are willing to engage and adapt to local market conditions, cultural realities, and leverage Australia’s unique assets in the burgeoning eco-system.

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Vietnam enters second phase of Covid-19 vaccine trials

February 26, 2021 by e.vnexpress.net

Thirty-five volunteers in Hanoi and 38 in southern Long An Province were divided into four groups for the second phase of human trials of Nanocovax, a Vietnamese Covid-19 vaccine produced by Nanogen Pharmaceutical Biotechnology JSC.

Groups would be injected with placebos, as well as 25 microgram, 50 microgram and 75 microgram doses each. Volunteers would not know which type of shot they received.

Following their shots, all volunteers would be monitored for 60 minutes. Afterwards, they would be medically monitored by local authorities at home.

Deputy Prime Minister Vu Duc Dam visited the site Friday morning, saying Vietnam is doing its best to hasten progress for a Covid-19 vaccine while still ensuring the process adheres to the highest standards.

Nhu, 36 and a teacher, was one of the first Covid-19 vaccine trial volunteers during the first phase commenced last year. She said her health so far has been very good, and she has formed a Facebook group to counsel those who wish to participate in the trial’s second phase.

Nhu participated in the second phase Friday too.

“I’m the evidence to prove the success of the trial vaccine, and I’m very proud,” she said.

Dan, 63, said she had known of the vaccine trials weeks ago. After much consideration, she signed up to participate in the second phase.

“At my age, there could be risks and complications if I’m infected. As such, I want to take active care of my health and joined this phase of vaccine trials,” she said, adding she would recommend her neighbors as well.

Another 52-year-old man in Long An said he had “absolute trust” in the Vietnamese Covid-19 vaccine. He had arrived at the injection site at 7 a.m. for his shot.

“I’m not worried at all; instead I feel happy and proud to contribute to our medical field,” he said.

A total 560 people in Hanoi and Long An would be involved in the second phase of the Nanocovax human trials, in collaboration with Vietnam Military Medical University and HCMC Pasteur Institute. Nearly 200 people in Hanoi had been screened as vaccine trial volunteers Wednesday and Thursday, with 100 more screened Friday.

The first phase, which commenced last December with 60 volunteers, revealed Nanocovax to be safe, immunogenic and causing no severe side effects, said Do Quyet, director of Vietnam Military Medical University. Preliminary results also showed antibodies produced by Nanocovax had an effect on a coronavirus variant originating from the U.K., which is up to 70 percent more transmissible than ordinary strains, he added.

The second phase would allow researchers to see how exactly immunogenic Nanocovax is. Volunteers for the second phase could now include those aged 65 and above, along with those with underlying, non-severe conditions like hypertension and diabetes, according to the National Research Ethics Committee.

Preliminary results for the second phase should be expected within May, said Quyet. Afterwards, the Ethics Committee and the Ministry of Health would determine the most optimal doses for the third phase.

“If everything goes well, preparations for the third phase could begin by May. In this phase, the number of volunteers could reach between 10,000-15,000,” said Quyet.

As of Wednesday, Vietnam has recorded 2,421 Covid-19 cases, with 578 still active.

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Comprehensively reforming State’s economic management

February 26, 2021 by en.nhandan.org.vn

With five groups of solutions and 25 tasks, the plan puts forward that by 2030, the State’s management methods will be reformed in a fundamental and comprehensive manner and aligned with international principles and practices in a bid to create a favourable business climate for all economic sectors, thereby helping achieve all targets relevant to the private economic sector as stated in Resolution No 10-NQ/TW, developing the private economic sector into an important driving force of the socialist-oriented market economy.

During the course of the three years implementing the resolution, Vietnam’s private economic sector has seen robust development and has gradually become a driving force in promoting national economic growth.

Private businesses, particularly large scale ones, have made remarkable strides in establishing their roles and position in the national economy. Many private enterprises have shown performance levels as effective as or even more so than State-owned and foreign-invested enterprises.

More and more major private corporations and domestic joint stock companies have invested abroad in developed countries to expand their markets and promote their brands such as Vingroup, Vietjet Aviation Joint Stock Company, Truong Hai Auto Corporation (Thaco), T&T Group, Vietnam Dairy Products Joint Stock Company (Vinamilk), and FPT Group.

Private enterprises made up only 20% of the 500 largest enterprises in Vietnam (VNR500) in 2017, the figure then reaching 57.8% in 2019. The proportion of overall revenue from private enterprises also increased to 37.51% in 2019 from 27% in 2016.

These figures were made possible thanks to the efforts of enterprises themselves as well as Government policies designed to create a favourable and equal business environment in recent years.

However, according to the General Statistics Office, private enterprises only contribute about 9.1% of GDP.

To address the problem, the 13th National Party Congress’s Resolution was adopted with many new viewpoints and orientations for the State’s economic management, aimed at making major breakthroughs in developing the private economic sector.

The resolution stresses the development of a strong entrepreneurial force, the restructure of State-owned enterprises, and the strengthening of links between domestic and foreign-invested enterprises.

To achieve these goals, State management activities must respect the law of the market in order to promote the socialist-oriented development of the private economic sector. It is also necessary to remove hindrances facing production and business activities, including those in the private sector, in order to facilitate businesses’ operation and encourage them to make even bigger contributions to the country’s development.

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