Update news Asia
Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated.
Edward Teather, a senior ASEAN economist from the Union Bank of Swizerland (UBS), has hailed Vietnam as one of the “brightest” spots throughout Asia despite COVID-19 challenges, adding that the national economy now looks poised to rebound.
Asia was the first to experience the virus, the first to exit lockdown, and now has new spikes.
Millions of jobs in Asia’s vital garment industry are at risk due to the coronavirus pandemic.
China reports no new domestic cases for the first time, but imported cases are growing in the region.
Fitch Solutions predicted power consumption in Vietnam to grow by an annual average of 6.5% between 2020 and 2029, which still remains one of the fastest growth rates in Asia.
The Civil Aviation Administration of Vietnam (CAV) has asked airlines to proactively adjust their flight schedules and suspended all flights from coronavirus-affected areas to Vietnam.
A major search and rescue operation is underway in Japan after deadly Typhoon Hagibis brought widespread flooding and landslides, destroying buildings and leaving dozens dead.
Vietnam has been honored with four important prizes, including Asia’s Leading Destination, by the 26th World Travel Awards (WTA).
The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.
Vietnamese runner Quach Thi Lan has awarded a gold medal for the women's 400m hurdles event at ASIAD 2018 following first-place finisher Kemi Adekoya testing positive for a banned substance.
The euro took a knock in Asia as investors kept an anxious eye on an independence vote in Spain’s Catalonia, although surprisingly strong economic news out of China and Japan offered support to equities and commodities.