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The nation overcame other Southeast Asian nations such as Malaysia, Indonesia and Singapore to be ranked among top 10 in the list.  The article says: “Doi moi” economic policy reforms beginning in 1986 have helped Viet Nam transition to a more modern, competitive nation. Viet Nam’s continued efforts to lessen international isolation are evidenced by its membership in the World Trade Organization in 2007 and participation in free trade negotiations with the Trans-Pacific Partnership in 2010. It is also a member of the United Nations, the ASEAN Regional Forum and the Asia-Pacific Economic Cooperation Forum, among other international organizations. The Best Countries to Invest In ranking draws from the results of a global perceptions-based survey and ranks countries based on the highest scores among nearly 7,000 business decision makers on a compilation of eight equally weighted country attributes: corrupt, dynamic, economically stable, entrepreneurial, … [Read more...] about U.S. News & World Report: VN listed among top 10 Best Countries to Invest In

* Indonesia is estimated to maintain a healthy growth rate in 2019 and 2020 on the back of continuing strong domestic consumption, the Asian Development Bank (ADB) said in its 2019 Asian Development Outlook (ADO) released on Wednesday. * Philippine economic growth in this and the next year will be slightly lower than earlier forecast on the back of a slowdown in the global economy and domestic investment, the Asian Development Bank (ADB) said in its updated report launched on Wednesday. * At the meeting on Wednesday with Indian External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the General Debate of the 74th session of the UN General Assembly, Chinese State Councilor and Foreign Minister Wang Yi said that strengthened communication with India benefits the two countries as well as the world at large. * US President Donald Trump met with his Ukrainian counterpart Volodymyr Zelensky in New York on Wednesday, a day after US House Speaker Nancy Pelosi's announcement of … [Read more...] about World News in Brief: September 26

* Singaporean Prime Minister Lee Hsien Loong on Friday defended multilateralism at the UN General Assembly, saying a multilateral approach is not an option but a necessity in today's interconnected world. * Chinese tourists will make nearly 800 million domestic trips and another 7.5 million overseas during the upcoming week-long National Day holiday, said a report released Friday. * The 86th Mekong River joint patrol led by China, Laos, Myanmar and Thailand concluded Friday, as three Chinese and two Laotian law enforcement boats anchored at Guanlei Port, Xishuangbanna Dai Autonomous Prefecture in southwest China's Yunnan Province. * China has initiated relevant domestic legal procedures for its accession to the Arms Trade Treaty (ATT). The announcement, which sends out a positive signal of China's readiness to become a State Party to the ATT, was made by Chinese State Councilor and Foreign Minister Wang Yi at the United Nations General Assembly on September 27. * The Republic of Korea … [Read more...] about World News in Brief: September 28

Illustrative image (Photo: The New Paper)   Hanoi (VNA) - Singapore's new law to combat the spread of fake news and online fraud came into force on October 2. The Protection from Online Falsehoods and Manipulation Act, passed in May by the Singapore parliament, stipulates that individuals can be fined up to 100,000 SGD (72,100 USD) or jailed up to 10 years, or both, while companies can be slapped with fines of up to 1 million SGD. The law requires online platforms — including social networking, search engine and news aggregation services — to issue corrections or remove content that the government deems false. The government can also order internet or intermediary service providers to block access to offending websites or be fined up to 20,000 USD each day, or up to a maximum of 500,000 USD. Google, Facebook and Twitter will be given temporary exemptions to issue the required corrections in line with Singapore’s law. The Singaporean government said the law … [Read more...] about Singapore’s anti-fake news law takes effect

Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14