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HCM City (VNS/VNA) - Vietnam has some great advantages while competing with regional countries in attracting capital flows after the COVID-19 pandemic, experts have said. A report by SSI Research said foreign projects set up in industrial parks in the country were up 32 percent year-on-year in the first four months of the year to 9.8 billion USD. The pandemic has shown that many large countries’ supply chains are heavily dependent on China, and they have taken drastic steps to cut this dependency. Many large US, Japanese and European companies are gearing up to shift production away from China. Vietnam is one of their destinations besides some others in the region such as Indonesia, Thailand and Malaysia. "Compared to Indonesia, which directly competes with Vietnam in attracting FDI, Vietnam has the advantage of proximity to China,” the report said. “Vietnam also offers support to businesses, with many incentives for large FDI projects, and has a lot of free … [Read more...] about Vietnam needs to change its ways to attract FDI: experts

Economist Nguyen Tri Hieu said that he “doesn’t put too much hope” in these transitions, as Vietnam has been attracting foreign direct investment from China because of cheap labor costs. Other countries in Southeast Asia have other competitive advantages, he said. … [Read more...] about Vietnam shouldn’t bank heavily on trade war benefits: experts

At present, there is no information about DIV1 virus infection in Việt Nam, the ministry said. However, to proactively prevent the virus from entering the country, the ministry has requested the National Steering Committee 389 and its sub-committees at border provinces to prevent the smuggling of baby shrimp, prawn and aquaculture feed. … [Read more...] about Deadly new seafood virus should be prevented: Ministry

Hanoi (VNA) – Prestigious sports website Fox Sports Asia has created a poll for football supporters to select their dream Asian defence and renowned Vietnam defender Doan Van Hau is listed among the nine nominees. There are three categories of Asia’s all-time greats, current heroes and stars of the future. Supporters can pick three to decide the winners. Fox Sports Asia stressed that Hau is an outstanding player who made important contributions to the Vietnamese football team’s recent achievements such runner-up at the 2018 AFC U23 Championship, AFF Cup 2018 champions, and SEA Games 2019 champions. The list also includes Iran’s Mehdi Mahdavikia, Japan’s Maya Yoshida, Malaysia’s Aidil Zafuan, Thailand’s Theerathon Bunmathan, the Republic of Korea’s Hong Myungbo, Indonesia’s Hansamu Yama, Singapore’s Safuwan Baharudin, and Sun Jihai of China./. … [Read more...] about Van Hau listed among Asia’s most prominent defenders

The new package includes 60 trillion yen to expand loan programmes that state-affiliated and private financial institutions offer to firms hit by virus, the Nikkei said. Another 27 trillion yen would be set aside for other aid including capital injections for ailing firms, the paper said. … [Read more...] about Japan looking to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus