It estimated a second half growth of 3.5 percent that would bring the year’s GDP growth to 2.8 percent, the fifth fastest-growing economies in the world this year "behind a small group of African countries." … [Read more...] about Vietnam to become fifth fastest growing economy: WB
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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
At a National Assembly session in May where lawmakers were discussing child abuse, Binh Duong Province delegate Pham Trong Nhan asked: "When a four-year-old boy broke out crying because he didn’t win the game show ‘Biet Tai Ti Hon’ (Child Prodigy), did anyone ask if the child was hurt and by whom?" … [Read more...] about Growing up too soon in media age
In spite of periods of colonial control, all the destruction of the many wars, all levels of foreign interference, with its trade, policies and regime Vietnam has sustainably placed its people at the centre of its policies; the economy has been growing at an annual average rate of 6.4 percent between 1986 and 2018. Vietnam’s life expectancy surged from 66 in 1978 to 76 in 2018, while child mortality dipped over the same period from 48 per 1000 live births to just 16. Through an almost stubborn focus on social welfare, poverty was reduced from over 75 percent to below 10 percent over this period. A foreign investment law followed in 1987 with foreign direct investment (FDI) growing steadily from 320 million USD in 1990 to 130 billion USD in 2018. At the same time, GDP per capita has leapt 25 times from under 100 USD in the 30 years since 1989, in the process reducing poverty from 58 percent in 1993 to under 5 percent. Vietnam’s trade to GDP ratio is at 200 … [Read more...] about Vietnam on focus of African friends and partners
In 1999, I was one of the dozen scholars of American studies chosen to meet with a dozen Viet Nam scholars of American studies in a conference in Ha Noi. One of the sponsors of the conference was Ambassador Pete Peterson, the first US ambassador to Viet Nam. Peterson, himself a former POW, declared the whole POW/MIA issue was a “hoax". At the conference, an elderly Vietnamese professor asked us Americans if we knew who was the first Vietnamese scholar of American studies. Several of us immediately shouted out “Ho Chi Minh.". This led to a discussion of great relevance today, as we celebrate the 25th anniversary of diplomatic relations between our two nations. … [Read more...] about What does the future hold for relations between Vietnam and US?