Daily Archives: May 22, 2020

SNOMED International Joins COVID-19 Interoperability Alliance to Support Access to Terminology and Health Data Resources

London, United Kingdom, May 22, 2020 (GLOBE NEWSWIRE) — SNOMED International, the leader in global clinical terminology, announces today the organization’s participation in the COVID-19 Interoperability Alliance. The Alliance is an informatics focused environment supporting collaborative authoring of COVID-19 related interoperability data resources.

Alongside Alliance partners Clinical Architecture, logica, MITRE, Regenstrief Institute, Apelon, and Care Evolution, SNOMED International joins an open collective where parties can create, evolve and share meaningful data supporting the current COVID-19 global pandemic.

Each participating organization has contributed their respective clinical COVID-19 content, quality assured by a variety of skilled resources and subject matter experts globally. SNOMED International, specifically, has contributed COVID-19 – SNOMED CT Signs and Symptoms, COVID-19 – SNOMED CT Edition – Prerelease Terms from the Global Patient Set and the COVID-19 – SNOMED CT to ICD-10 Map, resources which can also be accessed at https://www.snomed.org/snomed-ct/covid-19.

The Alliance provides a hub for healthcare information to enable public and private organizations to quickly and easily identify, monitor, and measure data relevant to COVID-19 and has made these resources available through the following:

  • Open access to downloadable data resources created by the Alliance
  • Open access to an interactive content browser
  • FHIR API access to published data assets (for development purposes only)
  • A collaborative information management workshop for registered contributors
  • Useful links relating to COVID-19 interoperability and analytics

The type of data resources being created include clinical, demographic, and administrative value sets; Focused terminology subsets; FHIR profiles and attributes; and useful meta-data.

Data produced by the Alliance will be made available to the public under a Creative Commons license which provides the right to share, use, and build upon the data provided.

Visit the COVID-19 Interoperability Alliance or SNOMED International to learn more.

Kelly Kuru
SNOMED International
1 416 566 8725

Reference exchange rate down 5 VND on May 22

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on May 22, down 5 VND from the previous day.


With the current trading band of  +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,939 VND/USD and the floor rate 22,544 VND/USD.


The opening hour rates at some commercial banks saw slight fluctuations.


At 8:25am, Vietcombank listed the buying rate at 23,150 VND/USD and the selling rate at 23,360 VND/USD, unchanged from May 21.


Techcombank also kept both rates unchanged at 23,156 VND/USD (buying), and 23,356 VND/USD (selling).


At BIDV, both rates were adjusted up 5 VND to 23,180 VND/USD (buying), and 23,360 VND/USD (selling).


During the week from May 18-22, the daily reference exchange rate was adjusted up on Monday then followed a downward trend for the rest of the week. It ended the week 23 VND lower than at the week’s beginning.


The rates at commercial banks fluctuated variably, but mostly ended the week 90-104 VND lower per USD than on Monday.


Source: Vietnam News Agency

Electronics, spare parts export posts impressive growth


Computers, electronics and spare parts have surpassed garment to become the second largest currency earner in first four months of this year, according to the General Statistics Office.


Specifically, the sector raked in 12.14 billion USD during the period, up 26 percent year-on-year.


Of the figure, 3.42 billion USD was from China, up 40.9 percent.


Other major markets include the European Union with 1.55 billion USD, down 6.3 percent; the US 2.67 billion USD, or a 2.1-fold increase; Hong Kong 945 million USD, up 33.6 percent; and the Republic of Korea 851 million USD, down 9.7 percent.


Source: Vietnam News Agency


Prime Minister cuts registration fee for locally-manufactured car buyers

Prime Minister Nguyen Xuan Phuc will cut 50 percent of registration fees for locally-manufactured and -assembled cars from now to the end of this year.


The cut will help customers save from tens of millions to hundreds of millions of dong, depending on the type of vehicle.


The decision was announced at a meeting held this week on the Government’s draft resolution on tasks and solutions to continue solving difficulties for production and business, promoting disbursement of public investment capital and ensuring social safety in the context of the COVID-19 pandemic.


The registration fee reduction is one of the solutions proposed by the Ministry of Industry and Trade in order to help local businesses recover production and trade as well as stimulating the consumption of locally-manufactured and -assembled cars.


Cars currently have a registration fee of 12 percent of the value in Hanoi, and 10 percent in remaining cities and provinces nationwide.


Some ‘hot’ models in the markets, including: Mercedes Benz with prices ranging from 1.39 billion VND (59,600 USD) to 4.6 billion VND will now have registration fees of between 83 million VND and 276 million VND; Huyndai Accent priced at 426 million VND will now have registration fee of about 26 million VND; as for Toyota Fortuner priced at 1.033 billion VND, customers will now pay about 62 million VND.


Moreover, dealers are also offering attractive promotions and discounts for many models. Therefore, customers will enjoy great benefits when buying a car at this time.


Thanks to this reduction, locally assembled automobile models have a big advantage over imported cars. To be able to compete, imported cars are facing pressure to reduce prices further.


Phuc also required the Ministry of Planning and Investment to build a project on solutions for supporting industries, taking advantage of opportunities from the investment wave after the COVID-19 pandemic and developing ecosystems for the automobile industry.


Source: Vietnam News Agency

EVN calls for investment in solar power plants on reservoirs

Electricity of Vietnam (EVN) is seeking investors in new electricity projects, including solar power plants on reservoirs, in an effort to ensure the safe and stable operation of the country’s electricity market.


Home to nearly 7,000 reservoirs covering millions of square kilometres, Vietnam has the conditions necessary to develop solar power plants on water surfaces, with total capacity amounting to 15,000 MW.


According to Deputy Minister of Agriculture and Rural Development Nguyen Hoang Hiep, the Ministry has received numerous proposals for solar power plants on reservoirs over the last three months.


The 420 MWp solar power plant in the semi-flooded area of Dau Tieng Reservoir in southern TayNinh province and another with a capacity of 47.5 MWp on the Da Mi Reservoir in south-central BinhThuan province are the first of their kind in the country and are operating successfully.


These projects have safely churned out commercial electricity for the national power grid, said Nguyen DinhChien, Deputy Director of the Da Nhim-Ham Thuan-Da Mi Hydropower JSC in BinhThuan.


According to Hoang Tien Dung, Head of the Ministry of Industry and Trade (MoIT)’s Electricity and Renewable Energy Authority, as at May 11, 6,000 MW of solar and wind power had been turned out commercially.


Some solar and wind power plants have been transferred partially or fully to foreign investors from Thailand, the Philippines, and China, he added.


Regulations allowing private and foreign investors to engage in electricity development without Government guarantee have made the sector more appealing to investors.


Under its production and business plan for 2016-2020, EVN is to diversify the mobilising of capital at home and abroad and effectively use State budget funds for site clearance in service of power projects.


EVN Director General Tran DinhNhan said the group will continue to coordinate with relevant ministries and agencies to accelerate the capacity release of the solar power projects, which are scheduled to be completed in the third quarter of this year


Source: Vietnam News Agency


Asian Banker names Techcombank best bank for SMEs in 2020

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been named 2020 Best Solutions Provider for Small and Medium-sized Enterprises (SMEs) by prestigious magazine The Asian Banker.


The magazine said the bank has solidified its position as a one-stop solutions provider for SMEs in Vietnam with a value chain-focused strategy and business model.


Head of Research and Survey at The Asian Banker, MobasherKazmi, said leading experts have been impressed by the bank’s deep customer insight in addressing the evolving needs of SMEs, which led to its strong income and profit growth in 2019.


The bank has targeted the six consumption-led economic sectors that contribute almost half of Vietnam’s GDP.


Vishal Shah, Head of Techcombank’s Business Banking Division, said that within its growing footprint of more than 300 branches nationwide, Techcombank has enabled a dedicated business unit focused on SMEs and mid-corporate businesses through 43 dedicated branches.


He added that the bank continues to upgrade its Fast E-Bank online banking platform to improve customers’ experience in terms of speed, convenience, efficiency, and security.


It also introduced Overseas Remittance-embedded Foreign Currency Exchange with enhanced functionalities to support internal customer control and risk management.


The bank also launched a preferential loan package of 20 trillion VND (869 million USD) to businesses affected by COVID-19.


Source: Vietnam News Agency


Telecom industry expects high growth in next 5 years

Five sectors of telecoms, information and technology, clean agriculture, clean technologies, retail, health care and pharmaceuticals have potential for high growth in the next three years.


This was revealed in the FAST 500 Ranking Lists 2020, drawn up annually since 2011, which was announced by the Vietnam Report on May 20.


The survey said this also reflects the current development trend of promoting technologies in parallel to protect local firms. They, therefore, have enhanced clean technologies, applying IT in automation, machine learning and data exchanges to reduce time and saving costs as well as strengthen connection among countries.


In addition, the demand for healthcare has been always a top priority, especially amid the outbreak of the novel coronavirus.


The compound annual growth rate (CAGR) of FAST500 firms in 2015-19 saw stability, as the index rose by 28 percent. The private economic sector had seen strong development in the period, continuing to be the main momentum of the economy with the highest CAGR of 30.1 percent.


The number of businesses in the sector also made up the highest portion of 74.2 percent. The private companies have proven their potential for the country’s economic development in recent years thank to their stable growth and increasing contribution to the FAST500 ranking. The sector has created 42 percent of the country’s GDP, contributing 30 percent to the State budget and employing 85 percent of the total labourers nationwide.


The stable economy and high GDP growth in recent years in Vietnam have been a good foundation for development of service and technology sectors, especially food and beverage, retail, telecommunication and IT. The FAST500 list this year continues to see the presence of the sector with high revenue growth.


The surveyed firms said the growth of the local and regional markets in the past five years has been the biggest contribution to their growth, following by development of new products, expanding existing markets, developing new market segments and availability of skilled labourers at competitive costs.


Businesses in the FAST500 believed that the growth of the domestic and regional markets would continue to be the main contributor to their development in the next three years, in addition to their efforts in expanding markets and developing new products.


The survey also revealed that the affects of COVID-19, the rising of rivals, increase of inputs and complicated administrative procedures have been challenges for FAST500’s businesses.


The enterprises said they would focus on four strategies to overcome the difficulties including increasing revenue in existing markets, improving product quality, introducing new products and reducing costs.


The FAST500 list is based on independent research and assessment of Vietnam Report JSC. It complies with international standards and was drawn up in consultation with domestic and foreign experts.


The FAST 500 rankings are also based on international standards, including the models of the Inc 500, Fortune 500 and Deloitte 500.


This is the ninth consecutive year of the FAST 500 list in Vietnam. The performance of the companies was calculated by the CAGR on revenue in the 2009-12 period and also based on criteria such as total assets, the number of workers, after-tax profits and prestige in the media.


The award ceremony will be organised on August 6 in Hanoi.


Source: Vietnam News Agency