It remains to be seen how long domestic consumption can keep the economy afloat in the absence of a return to growth in other key sectors of the economy, but a closer look at Vietnam’s spending characteristics gives some reason for confidence. The critical factor is the importance of spending on essential goods and services, which accounts for 42% of national GDP, compared with just 26% for discretionary spending. With the impact of spending cutbacks mostly being felt by the latter category, a significant slice of the country’s economy could be relatively well insulated. … [Read more...] about Emerging from the pandemic, Vietnam must position itself for recovery
China backed fund plays big role in countrys chip push
NA deputies agree with solutions for socio-economic recovery The 14th National Assembly continued its ninth session on June 13 with the discussion on the supplementary assessment of the implementation of the NA resolution on the socio-economic development plan and State budget in 2019 and early 2020. … [Read more...] about HCM City Party chief calls for announcing ‘end’ of Vietnam pandemic, reviving economy
In addition, several of Apple’s manufacturing suppliers, including Wistron Corp., Pegatron, and Inventec, also indicated their plans to diversify production and consider additional manufacturing plants in Vietnam. Most recently, Luxshare Precision Industry, assembler of Apple’s AirPods in Vietnam, began to look for thousands of new workers. Google and Microsoft also expressed intentions to produce Made-in-Vietnam devices within the year, as reported by Nikkei Asian Review. … [Read more...] about American groups make progress across Vietnam
A conference takes place in Ho Chi Minh City on June 22 HCM City is home to more than 2 million children, including nearly 11,400 living in difficulties. As a populous metropolis, the city has seen increasing numbers of street children and child beggars as well as cases related to child labor, abuse and delinquency, said Mai Thi Ngoc Mai, director of the HCM City Association for Protection of Children’s Rights. … [Read more...] about HCM City conference spotlights communications in protection of children’s rights
Coronaviruses are known to be sensitive to heat and to ultraviolet radiation. The level of solar radiation in Vietnam is notoriously high. Hanoi has a March average UV index of 10, compared to 4 for Covid-19 hotspot New York City. In Wuhan, cases peaked in early February when the UV index was 5. From February to October, the sun hammers HCMC daily with an index of 12. An index of 4 is considered “medium,” 10 is “very high,” and 12 is “extreme.” … [Read more...] about How did Vietnam dodge Covid-19?