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
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Cold front returns, temperature to dive in northern, central Vietnam
The Central Steering Committee for Natural Disaster Prevention and Control has ordered subordinate authorities to implement measures to keep the elderly, children, and students safe, in order to avoid similar damages caused by a previous strong cold spell hitting the north and north central provinces from January 7-11. … [Read more...] about Cold front returns, temperature to dive in northern, central Vietnam
Inbound, outbound travelers may need compulsory Covid-19 insurance
A report from the World Travel Organization showed that in November 2020, 59 percent of destinations in Asia Pacific closed completely and 9 percent closed partially, the highest level in the world. The figures were 7 percent and 67 percent in Europe, respectively, the lowest level. … [Read more...] about Inbound, outbound travelers may need compulsory Covid-19 insurance