Covid restrictions sour Vietnam for foreign investors

Foreign companies are now looking to leave Vietnam, once a favored destination, after the fourth wave of Covid-19 halted production.

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Over half of Covid budget spent

Vietnam has spent nearly 52 percent of its total VND100.11 trillion ($4.39 billion) dedicated to Covid-19 expenses this year.

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Confusion reigns over Covid self-testing plan for shippers in HCMC

Many businesses have expressed unhappiness with the two options they have been given to organize rapid Covid-19 tests for their shippers, citing budgetary and employee retention concerns.

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Bamboo Airways conducts first direct Vietnam-US flight

Bamboo Airways conducted its first direct flight from Vietnam to the U.S. Thursday night, bringing with it pilots, flight attendants and technicians.

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Edtech startup Clevai raises $2.1 mln in pre-Series A round

Clevai, online teaching platform for students from kindergarten to grade 12, has bagged $2.1 million in a pre-series A funding round led by Singapore’s Altara Ventures.

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Masan to leverage retail, telecom synergy by acquiring Mobicast

The Sherpa, a subsidiary of Masan, has announced a 70 percent acquisition of Mobicast shares with a total cash consideration of VND295.5 billion ($13 million).

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VN-Index hits five-week high

Vietnam’s benchmark VN-Index rose 0.15 percent to 1,352.76 points Thursday, the highest in five weeks, with a double-digit rise in trading value.

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Covid budget slashed 52 pct

Vietnam has spent nearly 52 percent of its total VND100.11 trillion ($4.39 billion) dedicated to Covid-19 expenses this year.

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Small businesses struggle to recruit workers for reopening

Businesses that reopened in Ho Chi Minh City are struggling to find enough workers due to stringent requirements on vaccination and on-site accommodation.

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Vietnam allows fully vaccinated people to produce, deliver agricultural goods

The government has issued a directive allowing people who have received two doses of a Covid-19 vaccine to produce and deliver agricultural products.

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House sanctions government’s $640-mln demand for Covid fight

The National Assembly has approved the government’s request for VND14.62 trillion ($640 million) to combat Covid-19 amid growing demands to speed up vaccination.

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Vietnam begins probe into Thai sugar for circumventing anti-dumping measures

Vietnamese authorities have begun an investigation into alleged circumvention by Thai sugar through five countries to avoid anti-dumping duties.

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Businesses get creative in pandemic times

Dr. Nguyen Thanh My, BOD Chairman of My Lan Group, shared how his company has adopted the model of keeping workers on site, looking for opportunities in pandemic times and using social distancing as a springboard.

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IPPG’s CEO awarded Knighthood of the Order of the Star of Italy

Le Hong Thuy Tien, CEO of Imex Pan Pacific Group (IPPG), was bestowed the Knighthood of the Order of the Star of Italy by the Italian president, one of the highest recognitions for foreigners.

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Shipping firms lament pandemic sidelining

Shipping firms feel hassled by low vaccination rates and the limited number of road permits for workers. They are requesting more attention and priority policies.

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HCMC eateries find the going sluggish

Pricing and shipping issues have made it tough going for most HCMC eateries who find business sluggish a week after they were allowed to reopen for takeaways.

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HCMC’s continued social distancing vexes foreign firms

HCMC’s extension of social distancing until Sep. 30 is increasing the financial burden on them and causing many to consider moving out of Vietnam, foreign companies warn.

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Delivery chaos ensues in HCMC with delays

As HCMC tries to return to some semblance of normalcy, its people and businesses face a new frustration: delivery companies are not delivering despite the easing of restrictions.

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92,000 shippers to resume work in HCMC

Ho Chi Minh City is set to have 92,000 registered shippers resume work, which could overwhelm local testing facilities.

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VN-Index slips after three green sessions

VN-Index fell 0.16 percent Monday to 1,350.48 points, ending a chain of three gaining sessions, but with foreign investors net buying for the first time in four weeks.

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Don’t charge extra for rush hour deliveries, HCMC tells businesses

The HCMC Department of Industry and Trade has requested firms not to charge higher fees for rush hour deliveries amid the ongoing strict social distancing restrictions.

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HCMC supermarkets welcome customers in low risk areas

Residents in areas deemed safe and at low-risk of spreading the novel coronavirus in Ho Chi Minh City have started visiting supermarkets after being given coupons to shop for groceries.

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AmCham wants US to donate more vaccines to Vietnam

AmCham Vietnam has requested the U.S. government to donate more vaccines to Vietnam amid supply chain disruptions faced by American companies.

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Vietnam could lose foreign investment opportunities over slow reopening

Foreign business chambers warn Vietnam could lose its opportunity to compete for investment and recover its economy without taking immediate actions in reopening.

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Thai packaging firm eyes $353-mln expansion in Vietnam

Thai company SCG Packaging has announced plans to invest $353 million to expand in Vietnam.

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Vietnam considers lifting Boeing 737 Max ban

The Civil Aviation Authority of Vietnam has proposed that the Boeing 737 Max aircraft be allowed to operate and imported to the country after a ban of over two years.

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Vietnam Airlines ready for US direct route

Vietnam Airlines is set to receive its final permit from U.S. authorities to conduct regular direct flights to the U.S. after nearly two decades of preparation.

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VN-Index drops as Evergrande crisis riles global markets

Vietnam’s benchmark VN-Index fell 0.79 percent to 1,339.84 points Tuesday while global markets plunged as the possible domino impact of Chinese real estate developer Evergrande’s debt threatens investors.

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Local firms groan under burden of Covid testing costs

Allow self-testing, many firms are saying after finding Covid-19 tests, which account for 70-80 percent of pandemic prevention costs, a significant financial burden.

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Edtech startup CoderSchool bags $2.6M pre-seed fund

CoderSchool, a Vietnam-based edtech startup offering online coding courses, has raised $2.6 million in a pre-seed funding round led by Monk’s Hill Ventures.

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