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Update news vietnam economy
Many Chinese wooden furniture manufacturers have been found setting up foreign invested enterprises (FIEs) in Vietnam to ‘fabricate’ Vietnamese origin for their exports to the US.
Vietnamese farmers are harvesting mangosteen, rambutan and pineapple, but a large amount of these fruits are still being imported from Thailand.
The dollar price has decreased significantly from VND23,500 per dollar to VND23,300, though current factors are not supporting the exchange rate. This could be a great opportunity for Vietnam’s enterprises.
The Quad countries’ economic prosperity network plan is expected to bring great opportunity to Vietnam’s enterprises.
Dr Vu Minh Khuong from Lee Kuan Yew School of Public Policy in Singapore thinks that large economic groups such as Vingroup should develop industrial zones (IZs), not only for Vietnam, but also for Southeast Asia.
Construction plan of Long Thanh airport to be submitted to prime minister this month
Deputy head of the Civil Aviation Authority of Vietnam (CAAV) Vo Huy Cuong affirmed that the watchdog agency is unbiased when licensing air routes to Con Dao Island.
Foreign direct investment (FDI), which will help the economy recover after Covid-19, is also a driving force for the recovery of the real estate market.
Minister of Planning and Investment (MPI) Nguyen Chi Dung warned that many Vietnam businesses may fall into foreign hands because of the pandemic.
Hanoi to hold investment-development cooperation conference
The economy won’t successfully grow if money is only poured into the pockets of a few people, while the majority of people face difficulties and have to live in a polluted environment, experts say.
Vietnam has to be very cautious when choosing and implementing a plan to reactivate the economy.
Covid-19 cannot deter Thai investors from implementing their plans to acquire Vietnam’s businesses.
Large corporations from different business fields have begun injecting money into Industrial Zone projects as they can see great opportunities from an expected FDI wave in Vietnam.
If enterprises can exploit the domestic market well, they will be able to overcome the Covid-19 crisis, analysts say.
High mobility and recovery to boost Vietnam economy
The Covid-19 crisis may prevent Vietnam from its plan to have 1 million businesses by the end of 2020.
Hoping that Vietnam will be able to catch the investment flow leaving China, IZ developers have hurried to implement their projects.