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Sustainable for rural development

PM Phuc calls on combined strength for stronger national development

March 6, 2021 by vov.vn

These remarks were made by Prime Minister Nguyen Xuan Phuc at an event known as “Dialogue 2045” with various business representatives and intellectuals at the Thong Nhat Conference Hall in Ho Chi Minh City on March 6, featuring the participation of many senior leaders.

The Government leader reviewed the achievements following nearly 35 years of pursuing the renewal process under the leadership of the Community Party of Vietnam (CPV), with the national economy enjoying positive growth. The lives of local people have been greatly improved, with the life expectancy increasing compared with advanced countries such as Japan and Singapore, with greater attention being given to a range of social and cultural issues.

PM Phuc therefore highlighted the contributions made by the local the business community to the nation over the past 35 years of Doi Moi (Renewal), expressing hope that firms can learn new ideas to transform the nation into a developed and high-income country.

The nation must be home to business giants capable of competing both regionally and globally by unlocking the potential and making use of the strengths of citizens living and working inside and outside of the country, he emphasized.

The nation must also strive to lure and promote external resources in terms of technology, knowledge, and innovation, along with building a brighter future.

Dialogue 2045 was held as part of efforts to chart a course of actions to translate the development goals through to 2045.

In line with the Resolution adopted at the 13th National Party Congress, the country expects to move out of its low middle-income status by 2025.

According to the schedule, the nation will become an upper-middle income country by 2030 and gain developed and high-income nation status by 2045.

These are the key time milestones as the country prepares to mark the 50th anniversary of liberation of the South and national reunification in 2025, the 100th founding anniversary of the CPV in 2030, followed by the 100th founding anniversary of the Democratic Republic of Viet Nam, now known as the Socialist Republic of Vietnam, in 2045.

PM Phuc also stated that “Dialogue 2045” will be held periodically, both via direct and online platforms, thereby covering many topics from socio-economy, the environment, culture, education, science and technology, and international integration, including national security and defence.

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Diageo Vietnam donates VND3 billion to vaccination program

March 6, 2021 by english.thesaigontimes.vn

Diageo Vietnam donates VND3 billion to vaccination program

The Saigon Times

Jos Duursema, Chief Operating Officer of Diageo Vietnam Limited, has donated VND3 billion to the fundraising appeal “Making COVID-19 Vaccine Contributions with Tuoi Tre” – PHOTO: DIAGEO VIETNAM

Diageo Vietnam Limited (DVL) has donated VND3 billion to a vaccination program initiated by Tuoi Tre newspaper, making it one of the first businesses in the country to join hands with the media to help up to 10,000 frontline workers get vaccinated for free this year.

Jos Duursema, Chief Operating Officer of Diageo Vietnam, said as a British business operating in Vietnam, the company was proud to accompany and support the local communities in every possible way to protect their well-being and promote sustainable development for the country.

“Through partnerships with trusted partners, Diageo Vietnam hopes to secure more opportunities to access effective prevention and treatment for Covid-19, hence empowering Vietnamese people with the freedom to live a healthy and successful life,” Duursema said.

He said the sense of values and purposes guides Diageo’s business operations and social activities on a global scale.

Last June, Diageo Vietnam partnered with the Central Committee of Vietnam Fatherland Front to present the Ministry of Health with hand sanitizer bottles worth VND670 million, alongside its campaign “Clean Serve by Diageo” which provided sanitizing kits and guidelines for more than 315 bars and clubs across the country.

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Phan Thiet airport to start construction in March

March 6, 2021 by e.vnexpress.net

The information was announced by Senior Lieutenant-General Tran Don, Deputy Minister of National Defense at a meeting with the south-central province’s authorities Friday.

In 2009, the government approved a plan to build Phan Thiet airport in beach town Phan Thiet of Binh Thuan, which lies more than four hours east of Ho Chi Minh City and currently has none.

The plan said the airport would span 543 hectares (1,340 acres) to serve both civilian and military purposes and invested under the build-operate-transfer format by Hanoi-based Rang Dong JSC.

It also said work would start in 2015 for the project to be finished in 2018. However, nothing had been carried out as scheduled.

In 2017, Binh Thuan proposed to upgrade the civil rating of the planned airport from 4C to 4E as regulated by International Civil Aviation Organization.

In specific, the province wanted to extend the airport’s runway from 2,400 meters to 3,050 meters in order to raise its capabilities toward the 4E rating. The increased rating would allow it to handle Airbus A320s or equivalent sized and advanced military aircraft.

The government agreed with the proposal within that year, which means the cost for the airport will stay at around VND10 trillion ($434 million).

The problem with investment capital had prevented the plan to be executed. Now, the problem has been solved, said Deputy Minister Don.

He said the Ministry of National Defense had previously relied on a plan to auction former Nha Trang airport in central Khanh Hoa Province to raise funds for building Phan Thiet airport.

However, the government has recently agreed to build Phan Thiet airport using the state budget in the form of public investment. “The government has allocated the fund for the ministry and work on the joint-use airport should be carried out soon.”

If everything is to happen as planned, construction should be finished in 20 months so the airport could start operation next year, Don noted.

Rang Dong JSC will continue to work as investor for the civilian part of the airport. As assigned by the ministry, the company has to soon complete adjustments to the re-feasibility study report for the project so work on the civilian side could be carried out at the same time as that for its military equivalent.

Vietnam currently has 22 airports, including eight in the northern and north-central regions.

The master plan for airport development the Ministry of Transport is drafting envisages building five new airports, all in the north, by 2030.

It is now in the process of collecting feedback from other government agencies and local administrations before submitting the plan to the government for approval.

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New regulation on minimum trading lot at HOSE aims to keep small investors away

March 6, 2021 by vietnamnet.vn

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market.

New regulation on minimum trading lot at HOSE aims to keep small investors away

Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares.

The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload.

However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years.

In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market.

However, the calculations of the investor may fail because of HOSE’s tentative policy.

If the tentative policy takes effect, Giang will have to spend VND100 million at least for every purchase transaction of VIC (Vingroup), VJC (Vietjet), VCB (Vietcombank) and VNM (Vinamilk).

If buying SAB (Sabeco), he would have to spend VND180 million at least, and ifor VCF (Vinacafe Bien Hoa), he would have to spend VND240 million.

These are very large amounts of money compared with Giang’s investment plan.

However, Tra said the policy, once applied, would bring benefits. It would not only help ease congestion thanks to the reduction of 40-50 percent in number of transactions, but would also better protect small investors.

Nguyen Duy Hung, president of SSI, also commented that this is the best choice for now to maintain the system’s operation.

However, many experts and securities companies don’t share the same view. They have warned that the policy isn’t in line with stock market development and discriminates against small and big investors.

“The plan is unreasonable. It will affect many private investors and be contrary to international practice,” the brokerage director of a HCM City-based securities company said.

The decision to raise the required minimum trading lot from 10 shares to 100 shares in the past once put difficulties for many investors as they could not sell shares. However, the decision was still acceptable because every transaction had value of between several millions of dong to tens of millions of dong only.

But this will be diiferent if the minimum trading lot is raised to 1,000 shares.

V. Ha

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Sci-tech strengthens Vietnam’s shield against pandemic

March 5, 2021 by vietnamnet.vn

Vietnam got through 2020 as one of only a few to fulfil the dual goals of containing the COVID-19 pandemic and developing its economy.

This achievement can be attributed to the determination and effort of all sectors, most notably science and technology.

Ten national science and technology projects were approved during the COVID-19 outbreak, including the cultivation and isolation of SARS-CoV-2, test kit production, studying COVID-19 vaccines, and using robotics in hospitals and quarantine camps.

Scientists have not been alone in innovation during the COVID-19 fight. They have been backed by the Government and enterprises. Many people, even those without any academic qualifications, have contributed science and technology innovations to help the country fight the pandemic./. VNA

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Local infection count rises to 1,584 after six further cases found in Hai Duong

March 6, 2021 by vov.vn

All of the fresh patients in Hai Duong are F1 contacts who previously came into close contact with confirmed cases and they had already been placed into quarantine at concentrated isolation facilities.

The detection of the latest patients lifts the national infection tally to 2,507, including 1,584 domestically-transmitted cases, along with 923 imported cases.

With regard to the COVID-19 vaccination programme, the Central Hospital for Tropical Diseases along, the Hospital for Tropical Diseases of Ho Chi Minh City and Hai Duong province, the nation’s current biggest epicenter are set to start inoculation on March 8.

Moving forward, vaccination plans will be based on the principle of ensuring maximum safety for citizens.

“It can be affirmed that 100% of vaccinated people who contract the disease will be milder and not lead to death. This is a very important factor in deploying a large-scale vaccination plan. People need to get a better understanding of the benefits of vaccines as well as unwanted reactions in order to have confidence in vaccination as the best way to protect themselves from the virus,” Health Minister Nguyen Thanh Long said.

According to the official, priority will be given to those on the front line in the fight against COVID-19, including health workers, army personnel, police forces, along with customs and immigration officers. In addition, those working in sectors which offer essential services such as aviation, transport, tourism, and education will also be prioritised. This is along with people suffering from chronic illnesses, those above 65 years old, people living in pandemic-hit areas, the poor, and beneficiaries of social welfare.

Due to the complicated nature of developments relating to the pandemic, the People’s Committee of Kinh Mon town in the northern province of Hai Duong has recently issued a decision to continue implementing social distancing measures in line with Government Directive No16 for 10 communes and wards in Kinh Mon.

At present Hai Duong has recorded 707 cases of local transmission, along with 321 recoveries and 2,642 F1 contacts who are currently undergoing concentrated isolation.

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