Want to be in the loop?
subscribe to
our notification
Business News
HCMC LEADER CALLS FOR FORTNIGHT OF THRIFT AS COVID-19 FIGHT ESCALATES
HCMC's Party Secretary asked all city residents to remain home in the next two weeks to help Vietnam keep total infections below 500.
"The city and country have two critical weeks to decide whether to win the Covid-19 battle or not. If this golden opportunity is missed, we won’t have another chance," Party Secretary Nguyen Thien Nhan informed a meeting Tuesday.

The U.S., where the first Covid-19 infection occurred on January 23, the same day as in Vietnam, recorded 44,000 cases as of Wednesday, the figure forecast to hit 90,000 by March 30, surpassing China where the epidemic first broke out last December.
"Within a month, the situation has changed so horribly no one could have foreseen it," Nhan stressed.
Vietnam currently has 134 infections, of which 17 have recovered.
"In the next two weeks, by any means, we have to join hands to keep the number of infected in the country under 1,000, preferably at 500. If we let infections exceed 1,000, we would fall like Italy, Spain, and Germany," Nhan said.
Statistics from epidemic-stricken countries show the number of patients increased from 2,000 to 4,000 in just three days; from 4,000 to 8,000 in five, meaning an average of 800 more per day.
In four more days, the number will increase from 8,000 to 16,000 - an additional 2,000 infected each day. With this amount, the timely construction of new hospitals is impossible - just like in Italy, and Wuhan of China's Hubei Province.
HCMC now accounts for a third of the country’s infection tally. In case there are 1,000 cases nationwide, the city will have about 300, for which it has enough ICU beds, Nhan said.
However, Nhan’s top concern was that when a person was confirmed positive, 280 others would be quarantined. In case of 300, about 84,000 would have to be isolated.
"This is a worrying figure – everyone has the responsibility to not let this happen," he stated.
Nhan proposed the city learn from Japan and South Korea, which have prevented people from returning to affected areas and carry out Covid-19 tests for those in need.
Suspected cases are immediately isolated, and at the same time all crowded events are stopped. In addition, they severely punish those escaping quarantine and selling expensive or used masks.
A change in lifestyle
Nhan asked the Religious Affairs Committee and related agencies to follow European and Asian countries in minimizing and closing down religious events. Currently, on Saturday and Sunday, churches still hold ceremonies; therefore, the risk of spreading the disease is very high.
Nhan stressed city residents must limit going out at this time, especially older people above 60, and not gather in large crowds to minimize the risk of infection. People should limit eating out and shopping as well.
Eight of 31 active infections from Vietnam’s southern metropolis are linked to Buddha Bar in District 2’s Thao Dien expat area, making it a new Covid-19 hub in the city of 13 million.
Police are calling on everyone who attended the bar or transported customers to the venue to visit the nearest medical center for Covid-19 testing after a British pilot of Vietnamese Airlines was confirmed positive for the novel coronavirus on March 14, with many who came in close contact with him also infected.
In an unprecedented move, city authorities ordered all its restaurants and barber shops to close starting Tuesday while pool clubs, gyms and beauty salons with a capacity of 30 or more suspended operations as the Covid-19 fight enters the critical stage.
On March 15, the city had already ordered 180 dance clubs and bars, along with almost 500 karaoke and massage parlors, cinemas and gaming facilities, to close.
City Vice Chairman Le Thanh Liem said the local Covid-19 fight mirrored wartime. Therefore, all district authorities must ensure their troops are on duty 24/7.
Liem assigned localities to continue reviewing foreigners entering Vietnam before March 8 to request isolation at home.
Many of the active cases are Vietnamese nationals retuning from Europe and the U.S. and foreigners visiting from the same regions. Starting March 22, Vietnam had suspended entry for all foreign nationals, including those of Vietnamese origin and family members with visa waivers.
The Covid-19 pandemic has killed over 18,800 people as it spread to 196 countries and territories.
Source: Vnexpress
Related News
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.
LÂM ĐỒNG TARGETS DIGITAL ECONOMY TO ACCOUNT FOR 30 PER CENT OF GRDP BY 2030
Lâm Đồng Province aims to raise the digital economy’s contribution to around 30 per cent of its gross regional domestic product (GRDP) by 2030, as part of a five-year plan to develop digital economy and society issued recently. Under Plan No. 15358/KH-UBND, the province targets more than 60 per cent of small- and medium-sized enterprises (SMEs) to adopt digital technologies by 2030 while increasing the value of cashless payments to 30 times its GRDP.






















