Vietnam will have an additional 2,000 ventilators to help treat Covid-19 patients

Van Lang University and Van Thinh Phat Group have pledged to sponsor 2,000 ventilators for use in the treatment of Covid-19 patients.

On April 1, information from Van Lang University and Van Thinh Phat Group said that in response to the call of the people to support the prevention of the Covid-19 epidemic, these two units pledged to sponsor 2,000 ventilators to use. Used in the treatment of patients infected with corona virus. It is known that these machines account for nearly 50% of the total number of ventilators currently available in Vietnam.
Specifically, according to the leader of Van Lang University, in recent years, the Business Association of District 1, Ho Chi Minh City has actively worked with sponsors who are large enterprises and corporations of Vietnam. Thereby, District 1 Business Association learned that Metran Joint Stock Company (Metran Co., Ltd) is one of the leading companies specializing in manufacturing respirators and ventilators in Japan.
Through the exchange, Van Thinh Phat Group and Van Lang University want to sponsor the entire budget to equip 2,000 units of Humming Plus +, the latest ventilator designed to be especially suitable for Covid-19 treatment. to donate the Government to share the burden of anti-epidemic, so that the Government can have more resources and strengthen measures to prevent and treat diseases, ensure social security and ensure the health of the people.

The contract was signed and the sponsors paid 100% of the value of 2,000 breathing apparatus for Metran Japan. If approved and facilitated in terms of procedures, transportation, licensing and procedures related to production expansion of the Metran Plant in Binh Duong, Metran Company will deliver these 2,000 sets of breathing apparatus to Vietnam. within 2 months to meet current urgent needs (expected to be at the end of May, 2020).
The number of ventilators will be handed over in two big cities of Hanoi (1,000 units) and Ho Chi Minh City (1,000 units) to the receiving units according to the list designated by the Prime Minister.
Metran is a leading enterprise specializing in manufacturing breathing machines, ventilators, artificial respirators leading in Japan and the world. Metran Co., Ltd is headquartered in Japan and a factory in Binh Duong.
Mr. Kazufuku NITTA (Tran Ngoc Phuc), Founder and Chairman of the Board of Directors of Metran is a Vietnamese native who was successful in Japan, honored as the “father” of the ventilator line, with the invention of the respiratory ventilator Hummingbird high frequency oscillator (HFO).

In November 2018, Mr. Tran Ngoc Phuc was awarded the Order of Sunrise by Emperor Akihito. In addition, he has received many awards from other ministries in Japan and the world.


Vietnamese Stock ‘evaporated’ over 37 billion USD after 3 months

The Covid-19 plague caused the indices to plummet and the stock market capitalization to evaporate rapidly.

Vốn hóa thị trường chứng khoán đã sụt giảm mạnh sau 3 tháng /// Ảnh: Đ.Ngọc Thạch

The VN-Index closed this week’s session at 696.06 points, down nearly 28% from the 960.99 points of the last session of 2019. Even, in the last 24.3 session, the VN-Index was only 659 points. , 21 points, the lowest after more than 3 years, equivalent to market capitalization on Ho Chi Minh City losing over 860,000 billion. Overall, Vietnam’s stock market after the first 3 months of the year, capitalization has evaporated more than 886,420 billion VND, equivalent to 37.4 billion USD.

The strong fluctuations of Vietnam’s stock indexes were mainly influenced by the complicated movements of the Covid-19 epidemic. At the same time, the global stock market goes down negatively affecting investor sentiment. Besides, the continuous net sales of foreign investors also made many domestic individual investors worried. In the last week of March alone, foreign investors continued to be net sellers with 80.6 million units and net selling value of VND 1,500 billion. This is the 9th consecutive net selling week of foreign investors and it is estimated that only on Ho Chi Minh City floor, foreign investors have net sold more than 10,270 billion dong.

According to KIS Vietnam Securities Company, the last 2 months of strong plunge have pulled the indexes to the lowest level in 5 years. The company believes that this economic downturn is unlikely to develop into an economic recession, so VN-Index is expected to close in 2020 in the area of ​​720 – 840. However, KIS also thinks that the profits of businesses. The industry will be very disappointing in the first half of 2020 but will recover significantly in the second half. Vietnam will be one of the few countries to recover quickly and strongly from the epidemic thanks to the young and dynamic labor force, strong domestic consumption and no significant debt bubbles.

Stocks in many places also went down despite the recent economic support packages launched by many countries. US stocks closed at the end of the week 27.3 in the red because investors focused on the outbreak of Covid-19 when the US became the country with the highest number of cases in the world. Therefore, the record of more than 2,000 billion USD stimulus package signed by President Donald Trump on March 27 also does not help investors to be assured.

The Dow fell 4.06%, to 21,636.78 points; The S&P 500 fell 3.37% to 2,541.47 points and the Nasdaq Composite fell 3.79% to 7,502.38 points. Although these indices have risen sharply by 9.1-12.8% during this week, they are still about 20% lower than the highs set in February and well below the end point of 2019.