Embassy vietnam uk

The Asian Development Outlook 2020 Update, ADB’s annual flagship economic publication, says Vietnam’s economy will benefit from the continued diversion of production from China to Vietnam, recovery in the China’s economy, and the implementation of a free trade agreement with the European Union. … [Read more...] about Vietnam’s economy expected to grow 1.8 percent in 2020: ADB report

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

The country had the highest number of adult gamers in the world in 2020. Ninety four percent of participants said they gamed at least occasionally while nearly 20 percent said they were frequent gamers, according to a survey released by German data portal Statista late last year. … [Read more...] about Vietnam to host annual national esports contests

But it also warned of risks that could hamper growth, like the unpredictable global economic situation as the pandemic situation remains severe in many countries and possible anti-dumping and countervailing investigations by the U.S. and other countries. … [Read more...] about Think tank forecasts 6.46 percent growth for Vietnam

“As the development of the pandemic on the world remains unpredictable, it is hard to establish a business plan for Vietnam Airlines. Without it, we can’t assess the value of the company. Only when Vietnam Airlines returns on international routes can its business operation recover,’ Thanh remarked. … [Read more...] about Vietnam Airlines receives multimillion-dollar bailout package as state investment