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Vietnam has six new Covid-19 patients

March 5, 2021 by english.thesaigontimes.vn

Vietnam has six new Covid-19 patients

The Saigon Times

A medical worker takes a sample from a man for Covid-19 testing. Vietnam reported six new Covid-19 cases this evening – PHOTO: VNA

HCMC – The Health Ministry has confirmed six new imported Covid-19 cases in Binh Duong, Tay Ninh and Kien Giang provinces, sending Vietnam’s caseload to 2,494 as of this evening, March 5.

Tay Ninh Province had one new case, a 52-year-old woman residing in Truong Tay Commune, Hoa Thanh Town that entered the province through Moc Bai International Border Gate on February 22. The patient is being treated at Tay Ninh General Hospital.

Four new Covid-19 patients, aged between 24 and 28, were reported in Kien Giang Province. They entered the province through Ha Tien Border Gate on February 27 and March 3. They are undergoing treatment at Ha Tien City medical center.

A 43-year-old Chinese expert became the latest Covid-19 case in Binh Duong Province. He arrived at the Tan Son Nhat International Airport in HCMC on Flight BR391 on February 19 and was immediately transported to Binh Duong Province for quarantine. He is being treated at Binh Duong Province General Hospital.

All of the new patients were immediately quarantined after arriving in Vietnam, posing no risk of community transmission.

The restoration of Da Lat’s abandoned monastery

March 5, 2021 by tuoitrenews.vn

Residents and tourists alike have shared their disappointment over the removal of large portions of the Franciscaines Misionnaires de Marie – an abandoned monastery in the Central Highlands city of Da Lat – during the site’s renovation.

Spanning more than seven hectares, the chapel and residential quarters of Franciscaines Misionnaires de Marie sit between Tran Quang Dieu and Hung Vuong Streets in Da Lat, which is the capital of Lam Dong Province.

For years, the iconic chapel has been an inspiration for Vietnamese artists and photographers, being reimagined in countless works of art.

The mission is located in an area surrounded by pine trees near the center of Da Lat. Photo: Duc Tho / Tuoi Tre

A ruined complex

According to writer Nguyen Vinh Nguyen, the Benedictine complex was designed and built by French architects Alexandre Leonard and Paul Veysseyre in the late 30s and early 40s, marking the onset of Benedictine missionaries from the West making their way to Vietnam.

In 1954, these missionaries left the complex in the hands of Franciscans nuns before moving to Hue in the central region to set up the Thien An Monastery.

In the following years, the nuns enlisted Vietnamese architect Pham Khanh Chu to design additional classrooms behind the existing complex.

According to Tran Ngoc Trac, former head of Lam Dong Province Arts and Literature Association, the mission was known as Viet Nu Commercial School in 1969.

In 1979, the seven-hectare complex was handed over to the government.

Machines are brought to the mission to remove severely destroyed areas. Photo: Duc Tho / Tuoi Tre

Over the following decades, the school’s two classroom blocks and residential building served as the province’s supplementary school, then as the Lam Vien Hotel, and eventually Tran Phu High School.

In the 1980s, another building was built between the two blocks.

The chapel and monastery were next used as a warehouse, sports hall, and residential structure.

It was eventually abandoned for several years before becoming a campus of the Ho Chi Minh City University of Architecture.

At one point, nearly 20 families illegally occupied the chapel but were eventually forced out by local authorities.

Inside the main chapel. Photo: Duc Tho / Tuoi Tre

Pulling out all the stops

The Ho Chi Minh City University of Architecture, which currently manages the complex, said it has plans to restore the site.

“We are doing our best to preserve the monastery’s artistic value,” said the school’s representative.

“We expect it to be a landmark of the university’s Da Lat campus in which potential architects from the Central Highlands and neighbouring areas are trained.”

Plans on the renovation include a new amphitheater being built in the complex and the restoration of dilapidated structures.

The chapel will be transformed into a library and meeting hall which will host architecture and art workshops, while the residential structures will be used as boarding houses for lecturers.

The residential building’s roof is removed for restoration. Photo: Duc Tho / Tuoi Tre

“We decided to restore the existing constructions of the chapel and residential structure though they are not listed in the government’s compulsory reservation scheme,” the university told Tuoi Tre (Youth) newspaper.

“We see the complex as a meaningful and valuable heritage site.

“Restoring costs much more than rebuilding but we must protect this significant landmark.”

The monastery’s façade has been reimagined in many pieces of art. Photo: Duc Tho / Tuoi Tre

The right decision

Although the monastery is not classified as a relic or included in the list of reserved buildings by the government, it is highly appreciated by architects for its architectural value, according to architect Le Tu, head of Lam Dong Province Association of Architects.

On a purely legal basis, it is permissible to demolish the complex built atop the land, yet the Ho Chi Minh City University of Architecture chose a much more challenging and noteworthy solution.

It is too early to comment on the project’s impact, yet it does open the door for discussions on how Da Lat’s old villas should be managed and used to preserve the old town’s atmosphere.

As Tu sees it, if all precious villas are lost or investors wait for them to be severely ruined as an excuse to tear them down, Da Lat’s heritage will slip away.

Restoring old villas is difficult.

Therefore, besides goodwill, investors must have plans in place to prevent unwanted incidents and ensure safety.

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Many solutions to prevent network congestion on HoSE

March 4, 2021 by sggpnews.org.vn

Meanwhile, on the Hanoi Stock Exchange (HNX), the HNX-Index made a breakthrough of nearly 3 percent. At the end of the trading session, the VN-Index inched up by 0.34 points, or 0.03 percent, to close at 1,186.95 points, with 270 gainers, 168 losers, and 64 unchanged stocks. The HNX-Index jumped 6.16 points, or 2.48 percent, to 254.1 points, with 137 gainers, 66 losers, and 57 unchanged stocks.

Foreign investors continued to net sell nearly VND500 billion on the whole market. Of which, they net sold VND470 billion on the HoSE. Liquidity remained at a high level with a total trading volume of 819 million shares, worth more than VND18.1 trillion. Of which, put-through transactions accounted for nearly VND1.77 trillion.

The stock market traded with caution from investors after the new General Director of the HoSE Le Hai Tra spoke in the media about a solution to prevent network congestion, which possibly is to raise the minimum round lot from 100 shares to 1,000 shares to reduce the load for the trading system.

According to the HoSE’s calculations, increasing the round lot to 1,000 shares can reduce the total number of trading orders by 40-50 percent, at the same time, it can pave the way for new heights of market liquidity.

Mr. Tra said that that might only be a temporary solution to solve the current network congestion situation. In the future, when the new stock trading system comes into operation, there will be an odd-lot board, and it is also possible to return to the current round lot of 100 units. However, this opinion faced considerable opposition from investors because it will make it difficult for investors, especially small investors. Because they will have to spend 10 times as much as currently to buy stocks on the HoSE.

Another solution to prevent network congestion for the HoSE is to transfer some stocks from the HoSE to the HNX, the State Securities Commission (SSC) has just sent documents to the HoSE, the HNX, and the Vietnam Securities Depository (VSD) on this.

Accordingly, the SSC requested the HNX to promptly accept and receive listed companies from the HoSE, without reviewing their records following the new listing process. The transaction mechanisms, transaction supervision, listing management, reporting, and information disclosure will be applied the same as companies listed on the HNX. The HoSE and the HNX will cooperate in supervising transactions for these stocks to ensure continuity of supervision.

Noticeably, the SSC stated clearly that shares of transferred companies, which are currently in the set of the VN-Index indicators of the HoSE will be removed from the set of HoSE indicators during the temporary transfer to the HNX. At present, SSC will temporarily not consider transferring the shares of companies currently in the VN30-Index.

The SSC also requested the HNX, the HoSE, and the VSD to urgently handle the issue so that enterprises can transfer the transactions of their shares similarly to the listing transfer cases that have been carried out so far. This mechanism will be applied from March 3 this year.

By Nhung Nguyen – Translated by Thuy Doan

Prudential, Maritime Bank extend bancassurance partnership for 15 years

March 5, 2021 by en.vietnamplus.vn

Prudential Vietnam and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership (Photo courtesy of Prudential Vietnam)

HCM City (VNS/VNA) – Prudential Vietnam Assurance Private Limited , a subsidiary of Prudential Plc , and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership for another 15 years.

The new agreement significantly expands the geographical scope to include the north, where MSB is headquartered, and make Prudential the lender’s only partner.

They have been collaborating since 2013 and built a highly successful bancassurance partnership which delivered a 34 percent compounded annual growth rate in annual premium equivalent between 2014 and 2020.

Under the renewed partnership, the two sides will also expand into new segments, including digital, to deliver holistic protection solutions to customers.

With a digital-focused approach that is aligned with MSB and Prudential’s plans to leverage existing digital tools such as the latter’s artificial intelligence-powered application Pulse, they hope to seize further growth opportunities.

Nic Nicandrou, Chief Executive of Prudential Corporation Asia, said: “Vietnam is an important market and source of growth for Prudential. The renewal and expansion of our long-term partnership with MSB represents a tremendous opportunity for Prudential to build on its strong presence in the market. It is a clear demonstration of our commitment to serving MSB’s customers, helping them get the most out of life with our leading suite of health and wealth solutions.”

Phuong Tien Minh, Chief Executive Officer of Prudential Vietnam, said: “Prudential Vietnam has built a highly-effective bancassurance partnership with MSB since 2013.

“We are delighted to be taking the partnership to the next level as we deliver our innovative offerings to MSB’s customers through existing as well as new channels, including digital. We look forward to continuing our strong relationship with MSB for another 15 years.”

Nguyen Hoang Linh, Chief Executive Officer of MSB, said: “We have enjoyed a very successful partnership with Prudential Vietnam and this reinforced our decision to extend the partnership and expand its scope to cover all of Vietnam.

“Together with Prudential Vietnam, we will remain focused on providing best-in-class financial and investment solutions to consumers across the country, helping them fulfil their evolving needs and providing them with a secure future.”/.

VNA

Six more imported Covid-19 patients confirmed on Friday

March 5, 2021 by dtinews.vn

Six more people have tested positive for SARS-CoV-2 in Vietnam, raising the total number of patients in the country to 2,494, the Ministry of Health reported on Friday evening.

Illustrative photo

According to the ministry’s report, one of the new patients is a 43-year-old Chinese expert who arrived at the Tan Son Nhat International Airport in Ho Chi Minh City on February 19. He was sent to a quarantine area in Binh Duong Province upon arrival and tested positive for SARS-CoV-2 on March 4. He is being treated at the Binh Duong Provincial General Hospital.

Five other patients are Vietnamese people who recently entered the country through Ha Tien Border Gate in the southern province of Kien Giang and Moc Bai Border Gate in Tay Ninh Province. They were also sent to local quarantine areas upon arrival and are now being treated at local hospitals.

With these new infection cases, the number of Covid-19 patients in Vietnam has increased to 2,494, including 879 locally-transmitted cases reported since the new outbreak started in Hai Duong on January 28. Hai Duong Province alone has recorded 695 cases.

As of 6 pm on March 5, a total of 1,920 Covid-19 patients had recovered and been discharged from hospital. There have been 35 deaths, most of them being the elderly with serious underlying diseases.

At present, nearly 50,000 people who had close contact with Covid-19 patients or returned from virus-hit areas are being monitored at hospitals, quarantine facilities, and at home.