As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
Foreigners in vietnam
Hanoi (VNA) – Foreign experts have highly evaluated Vietnam’s response to the recurrent outbreak of COVID-19. In a BBC article published on August 8, Prof Michael Toole, an epidemiologist and principal research fellow at the Burnet Institute in Melbourne (Australia), said: “Like in the first wave, Vietnam has responded quickly and forcefully” when talking about the sudden resurgence of the coronavirus in Da Nang. This central city sealed itself off from visitors and retreated into full lockdown after Patient 416, the first case of local infection after 99 days without community transmission in Vietnam. Each resident is set to be tested for the virus, and a field hospital has been erected as every resource is thrown at slowing the spread of the disease, according to the article. Meanwhile, Hanoi has closed down bars and karaoke parlours as an extra precaution, and several cities, including the capital and Ho Chi Minh City, have made face masks compulsory … [Read more...] about Foreign experts value Vietnam’s response to latest COVID-19 outbreak
"I think it’s a positive move of the Vietnamese State. Foreigners not only practice religion in places of worship, they can also have their own places, or rent places for practicing their religion," he said. "In addition, Vietnamese religious organizations have also enhanced international cooperation. Vietnamese religious people have travelled overseas for medical treatment and participate in religious activities overseas." … [Read more...] about Freedom of belief and religion respected in Vietnam
Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
With the cohesive and responsive spirit, as the ASEAN Chair 2020, Vietnam gives the highest priority to promoting solidarity and unity and effective coordination among member countries, as well as strengthening relations with partners to enhance the capacity to deal with unprecedented challenges: the COVID-19 pandemic and fierce competition in the regional and global geopolitical environment, in which the respect for law, including 1982 United Nations Convention on the Law of the Sea (UNCLOS) must be heightened. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination