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?
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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
If you take a closer look into the complementarities of our two economies, greater interdependence is really a win-win situation. These positive effects will of course only materialise if the promises and obligations of the agreements are swiftly put into practice. The benefits of the agreements will depend on the level of transparency and predictability of government behaviour in contact with business. Businesspeople and investors can be shy and have options to move elsewhere. Attracting and retaining more European FDI will require reforms and streamlining of rules and procedures. Digitalisation and access from outside of Vietnam to start and accomplish these procedures could help attract more small- and medium-sized global players. VIR … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
They also won several local and international circus prizes, including the Grand Prix Award at the 10th International Circus Festival 'Circuba 2011' in Havana, Cuba; three prizes at the 13th International Circus Festival in Italy including a silver medal and two minor titles awarded by internationally renowned circus groups Monte Carlo Circus and Cirque du Soleil; and the Silver Lion Award at the 2011 13th International Circus Festival in Hebei Province, China. … [Read more...] about Sons of Giang Brothers establish Vietnam record
Bangkok (VNA) - Thai chicken exports rose less than expected in the first half of this year due to COVID-19, according to the Thai Broiler Processing Exporters Association (TBPEA). Thailand exported 470,000 tonnes of chicken in the first six months of 2020, representing a year-on-year rise of 2 percent, with export value of 54 billion baht (about 1.73 billion USD), up 1 billion baht. The local media recently cited TBPEA manager Kukrit Arepagorn as saying the pandemic has caused Thailand’s two main markets, the European Union (EU) and Japan, to cut chicken imports. Chicken exports to the EU dropped by 10 percent as the COVID-19 situation there is not yet resolved, he said, adding that Thailand expects to export 280,000 tonnes of chicken to the EU this year, down from 330,000 tonnes last year. Meanwhile, chicken exports to Japan only rose by 2 percent because the virus outbreak had hit tourism and forced the country to postpone the Tokyo Olympic Games, reducing demand. … [Read more...] about Thailand cuts chicken production as global demand drops