Prominent guests in attendance at the event hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) include Mansukh Mandaviya, Minister of State (Independent Charge) for Shipping, Chemicals & Fertilizers, along with Pham Sanh Chau, the Vietnamese Ambassador to India. The event marks the first virtual fair of its kind to be held in India and is also one of the first globally, with the occasion taking place amid the context of the novel coronavirus pandemic being a major obstacle in terms of production, business, and trade activities worldwide. This is largely due to many countries deploying a range of measures such as imposing lockdowns and travel restrictions. … [Read more...] about Vietnamese products on show at first online healthcare expo in India
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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
By international standards, Vietnam’s response to Covid-19 was early and drastic. The opposite end of the spectrum is represented by Sweden, which did not have a lockdown or even close its schools. While there is something to be said for keeping a country’s economy and education system running, Sweden did suffer 5,280 Covid-19 deaths. The question of which approach produces the best result will no doubt be the subject of research and continued public interest. … [Read more...] about How did Vietnam dodge Covid-19?
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
Heat wave sends temperature up to 42 degrees C in northern, central regions A new heat wave is forecast to hit the northern and central regions from June 22 – 24 and could push the temperature up to 42 degrees Celsius (107.6 degree Fahrenheit) in some areas. … [Read more...] about Farmers sow rice at night to avoid extreme heat in Hanoi