Bắc Ninh
Vietnam remains Southeast Asia's bright star: ASEAN specialist
Vietnam remains a “bright star” of the Southeast Asian region despite power shortages and a weakened realty market last year, according to Kai Wei Ang, an ASEAN economist at the BofA Securities Inc., which is previously the Bank of America Merrill Lynch.
In a recent talk on CNBC’s Squawk Box, he laid a stress on Vietnam’s advantages, including a competitive labour market, and a wide range of signed free trade agreements (FTAs) that facilitate its exports, describing them as fundamental support for the Southeast Asian country to lure investments.
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Inside a foreign direct investment garment and textile firm. |
Mentioning the power imbalance last year which was due to scorching weather, he said the Vietnamese authorities have learnt from the experience and made better preparations while carrying out more pre-emptive approaches with hope to prevent the repeat of the shortages.
The specialist highlighted that Vietnam has been a bright star in the region regarding foreign direct investment (FDI) attractions over the past decade, adding foreign investors funneled more than 11 billion USD into the country from the beginning of the year to May 20, and some 8.25 billion USD was disbursed during the time span, up 2% and 7.8% year-on-year, respectively.
Yamanashi prefecture of Japan has launched the first health insurance programme for family members of Vietnamese guest workers, part of efforts to attract foreign labourers amid the shrinking population and growing global competition for human resources.
The Vietnamese Embassy in the Czech Republic introduced typical dishes and products of Vietnam to the 7th edition of the Food and Culture Embassy Festival in Prague on June 8.
Walmart, Amazon, Miniso and other global retailers are looking to source more products from Vietnamese suppliers.
The 19th meeting of the ASEAN Working Group on Forest Management (AWG-FM) opened in Da Nang City on June 6.
Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), on June 5 had a meeting with UN Secretary-General’s Special Envoy on Myanmar Julie Bishop during her working visit to New York.
Source: VNA
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