Vietnam emerges as attractive Asian destination for investors (Photo: VNA)
Hanoi (VNA) – 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.
The Southeast Asian nation has become a new hub for low-cost
manufacturing in Asian supply chains, the website eur
asiantimes.com on January
14 quoted the report.
The report suggests that factors that make Vietnam better
than its peers are the incentives for international firms for setting up units
to manufacture hi-tech products, the pool of low-cost workers, and the
proliferation of free trade agreements.
Tuesday, December 22, 2020 21:27
Vietnamese Ambassador to the UK Tran Ngoc Anh (right) and British Ambassador to Vietnam Gareth Ward sign the UKVFTA in London on December 29 (Photo: VNA)
Hanoi (VNA) –
The
UKVFTA), which will come into force at
23:00 on December 31, 2020, will open the door wider for bilateral economic and
trade ties and help form a solid foundation for their strategic partnership to
reach a new height.
The UKVFTA, signed on
December 29, is said to be an achievement of breakthrough strides in the UK-Vietnam
economic and trade cooperation during the 47 years since their diplomatic
relations were established and 10 years since the
Between 2011 and 2019,