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Vietnam has 60 recovered patients of coronavirus, tally hits 212 with 5 new cases

Doctors have discharged two Vietnamese men, who returned home from Malaysia and tested positive with coronavirus last month, from hospital, raising to total number of recovered patients in Vietnam to 60.

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Saigon café uses fishing rod to practice social distancing

A coffee shop in Ho Chi Minh City has come up with an ingenious idea to keep their business running while ensuring safety.

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Vietnamese spend average of $21.5 daily via e-wallet

Vietnamese e-wallet users perform 1.6 to 2.2 transactions on digital platforms daily with an average spending of VND500,000 ($21.5), according to a survey.

News

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Vietnam discharges 10 patients of coronavirus from hospitals, total recovered hits 85

Vietnamese doctors have discharged 10 more patients of coronavirus from hospitals, raising total number of recovered patients in Vietnam to 85, Ministry of Health said.

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Vietnam mulls $2.6 billion support package to mitigate Covid-19 fallout

The government is considering VND61.58 trillion ($2.6 billion) worth of financial support to poor people and businesses affected by the Covid-19 pandemic.

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Vietnam reports 5 more coronavirus infections, total hits 227

The Ministry of Health has confirmed five more COVID-19 infection cases, raising the total patient tally to 227.

Economy

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Vietnam’s banks to cut lending rates by 2.5% to back coronavirus-hit firms

Major banks of Vietnam including Vietcombank, BIDV, VietinBank, AgriBank pledge to lending interest rates by between 2 - 2.5% a year to support corporate customers getting affected by the coronavirus the pandemic.

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Vietnam central bank orders lenders to cut costs, bonus, cash dividends to reduce interest rates

The State Bank of Vietnam has ordered local commercial banks to cut operating costs, bonuses, and even cash dividends to back interest rate cut, a move to support coronavirus-hit firms.

Companies | Media OutReach

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Vietnam Airlines to lose $2.12 bln in revenue, cut staff this year

Coronavirus wiped more than $2 billion off Vietnam Airlines's revenue.

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Jacco van der Linden to replace Dolf as Heineken’s Asia-Pacific regional president

Heineken announced large changes to its management team, bumping up key personnel in Vietnam and the larger region, with the appointments of new leaders for Asia-Pacific region and Vietnam.

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Toyota Motor Vietnam suspends vehicle production

After Ford, Japanese car maker Toyota Motor suspended vehicle production in Vietnam from March 30.

Market

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Vietnam cuts retail fuel prices for a second time in March, by up to $0.18 per liter

Vietnamese government has announced to cut retail fuel prices the second time this month and sixth time from the beginning of 2020 as international crude oil prices dropped sharply.

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Rice traders cry foul over sudden export ban

Rice traders are unhappy with the sudden government ban on exports that has million dollar worth of cargo idling at ports.

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Bloomberg: Vietnam’s Rice Trade Thrown Into Turmoil on Export Halt Muddle

Vietnam’s rice traders have halted overseas shipments after the customs department ordered a temporary suspension of exports on Tuesday to ensure food security during the coronavirus pandemic.

Real Estate

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Vietnam’s real estate inventory surges 38% on legal obstacles, coronavirus

When the real estate legal challenges have not finished, property developers get a harder hit from coronavirus outbreaks.

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Vingroup steps into industrial real estate

Vingroup has restructured a startup venture into an industrial real estate investment unit, identifying it as a new growth pillar.

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A $5.4 billion mega-city project near Hanoi awaits government’s approval

The government of Bac Ninh is seeking approval to build a $5.4 billion mega-city to promote ecological tourism, resort, entertainment, and residential areas on 1,700 hectares of land in Tien Du district.

Life & Art

World

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Japan business sentiment plunges to 7-year low, BOJ Tankan shows

Coronavirus hits economy reeling from sales tax increase and trade war.

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U.S. Congress, negotiators reach deal on $2-trillion coronavirus aid package

U.S. senators and Trump administration officials have reached an agreement on a massive economic stimulus bill to alleviate the economic impact of the coronavirus outbreak, the negotiators said on Wednesday.

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Europe’s richest man Bernard Arnault gains $11 billion on day stocks surged

Luxury-goods mogul Bernard Arnault has been hard hit by the spread of the coronavirus, losing more financially than anyone else in the world.