Sheet metal workers local 19 pension fund

Leading food processor Vissan in Vietnam has proposed suspending its operations for 3-4 weeks after 43 employees tested positive for Covid-19. Vissan has applied the stay-at-work process since June 28 to maintain its operations. However, four workers in the firm tested positive for Covid-19 on July 17 and the figure rose to 43 as of July 23. A slaughter facility of Vissan The company has reported the situation to local authorities. Two options have been proposed. In the first, the firm wants all Covid-19-infected workers to quarantine elsewhere, while the remaining workforce would be provided Covid-19 tests. People who have negative results will be separated to continue working. They then will be given a Covid-19 test every three days. The company will try to ensure conditions for their workers in order to avoid cross-infection. If all the workers agree to stay at work later, the company will continue operations. The firm will cooperate with Binh Thanh Medical … [Read more...] about Vissan proposes operation halt due to Covid-19 infections

The Ministry of Health logged more than 6,500 domestic COVID-19 cases in Vietnam on Wednesday, down over 1,300 from a day before. Thirty-six provinces and cities registered 6,555 locally-infected patients, compared to 7,911 domestic cases in 38 provinces and cities on Tuesday, while another four infections were imported from abroad, the health ministry said. A total of 1,184 cases were detected in the community whereas the remainder were found in isolated areas or centralized quarantine facilities. Ho Chi Minh City reported 4,449 of the latest domestic infections, Binh Duong Province 631, Dong Nai Province 271, Dong Thap Province 244, Khanh Hoa Province 147, and Tay Ninh Province 120. Since the fourth COVID-19 wave began in Vietnam on April 27, the country has registered 117,042 community transmissions in 62 out of its 63 provinces and cities. Ho Chi Minh City is taking the lead with 77,189 patients, followed by Binh Duong Province with 9,540, Bac Giang Province with 5,735, … [Read more...] about Vietnam’s daily local coronavirus count falls by over 1,300 cases

"We urge you to dramatically ramp up distribution of vaccines, including America’s stockpile of AstraZeneca vaccines, to countries like Vietnam now," Steve Lamar, president and CEO of the association, said in a letter to U.S. President Joe Biden. Immediate and dramatic action by the U.S. will not only save millions of lives worldwide but could also promote America’s economic recovery, he added. Vietnam is the second largest supplier of apparel, footwear and travel goods to the U.S., accounting for 20 percent of all U.S. imports, he said. "This is why the success of the U.S. apparel and footwear industry, and our three million American workers, is directly dependent on our suppliers around the world, including those in Vietnam, having healthy workforces," he wrote. In a separate letter to Prime Minister Pham Minh Chinh, Lamar urged that the Vietnamese government takes "several key emergency actions to help control the spread of Covid-19, particularly in the south, to thwart a … [Read more...] about US apparel companies seek speedy vaccination of Vietnamese workers

MoF suggests reducing trading board lot size from 100 to 10 on HSX The Ministry of Finance has suggested reducing the trading board lot size from 100 to 10 and providing favourable conditions for companies to list again on the Ho Chi Minh City Stock Exchange. Specifically, from July 5, the fresh trading system of the Ho Chi Minh City Stock Exchange (HSX) has officially been put into operation. According to the MoF, the congestion has been basically addressed, stabilising market sentiment, and demonstrating the drastic direction and management of the MoF. To further strengthen the role of securities market management and administration, the MoF required the SSC to follow the below nofitications: (1) Directing both local and foreign-invested securities companies, especially those holding large market shares to report on their technical system infrastructure in a bid to ensure stable and smooth trading. (2) Reviewing the new trading system. Moreover, HSX is encouraged to … [Read more...] about VIETNAM BUSINESS NEWS JULY 28

Employees of Changshin Vietnam Company are taken samples for Covid-19 testing. Source: Le Lam/ thanhnien.vn Nike could soon face a shortage of sneakers as two suppliers – South Korea’s Changshin Vietnam and Taiwan’s Pou Chen Corporation – have had to cease operations because of coronavirus infections. Nike itself does not have factories in Vietnam but it has extensive operations in the country through contracts. Nike is also one of the largest indirect foreign employers in Vietnam. Nike Vietnam’s sustainability manager Cuong Luong said that the athletics brand has around 200 suppliers in Vietnam which include finished goods, materials, footwear, apparel, and accessories. Its labour-intensive suppliers employ 500,000 workers. “Nike manages our suppliers across the country. Some factories in the nothern provinces of Bac Giang and Bac Ninh faced serious impacts over the past few months, and now the pandemic has hit suppliers in Ho Chi Minh City, and nearby provinces of Binh … [Read more...] about Supply chain crisis ahead for top brands

Dong Thap-based firm gets nod to order 200,000 doses of Nanocovax The Saigon Times A medical worker draws a dose from a vial of Covid-19 vaccine. The Dong Thap government has approved Vinh Hoan Corporation’s proposal to order 200,000 doses of the locally-made Covid-19 vaccine, Nanocovax - PHOTO: VNA HCMC - The Dong Thap government has approved Vinh Hoan Corporation’s proposal to order 200,000 doses of the locally-made Covid-19 vaccine Nanocovax and distribute them in the province. The provincial government asked the Dong Thap Department of Health to assign the firm to sign a deal to purchase the Covid-19 vaccine from Nanogen Pharmaceutical Biotechnology JSC once the vaccine is licensed. Besides, the provincial department was told to work with Vinh Hoan Corporation to take delivery, store, distribute and use the doses in line with the Health Ministry’s regulations. Earlier, Vinh Hoan Corporation wrote to the provincial government proposing that it allow the firm … [Read more...] about Dong Thap-based firm gets nod to order 200,000 doses of Nanocovax