Hanoi (VNA) – Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated. The Southeast Asian nation has become a new hub for low-cost manufacturing in Asian supply chains, the website eurasiantimes.com on January 14 quoted the report. The report suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements. It also cited Ruchir Sharma, an emerging markets strategist at Morgan Stanley, as saying that Vietnam’s FDI has averaged more than 6 percent of GDP, which is the highest ratio in any emerging country. In addition, the ever-changing policies as per the market demand, the vigorous changes in the business and investment climate, socio-political stability and population … [Read more...] about Vietnam emerges as attractive Asian destination for investors: The Economist
Thailand most exported product
Environment monitoring project in mangroves launched in Ca Mau
Ca Mau (VNA) – An environment monitoring project for mangrove aquaculture (AQUAM) in Ca Mau was kicked off on January 15 by the Mekong Delta province's Department of Agriculture and Rural Development, Australia’s University of Queensland and the Greenfield Consulting and Development Ltd (GFD). The project, which will be implemented by UQ and GFD Ltd, aims to build an environmental monitoring system for mangrove aquaculture, provide information on management of mangrove forests and sustainable aquaculture towards improving livelihoods for and resilience of coastal communities to climate change The project is carried out in key mangrove aquaculture areas in Ca Mau within 15 months, with a budget totalling over 500,600 AUD (384,948 USD) funded by the Australian Innovation Fund (Aus4Innovation). According to Prof. Catherine Lovelock, Director of AQUAM, the project will apply advanced technology in water and forest environmental monitoring, and provide … [Read more...] about Environment monitoring project in mangroves launched in Ca Mau
Vietnam’s economy expected to grow 1.8 percent in 2020: ADB report
“Lower domestic consumption and weak global demand caused by Covid-19 have hurt Vietnam’s economy more than expected. But economic growth will be resilient in 2020, in large part due to the government’s success in controlling the spread of Covid-19,” said ADB Country Director for Vietnam Andrew Jeffries. … [Read more...] about Vietnam’s economy expected to grow 1.8 percent in 2020: ADB report
