Japanese pin hopes on Vietnamâs market 15:00 | 15/04/2021
High-tech Japanese companies are contributing to growth here through expansion across various sectors. Photo: Le Toan
Japanese food giant Meiji Company has established a new group in Vietnam aiming for the further expansion of its infant formula business in the country. The amount of investment will be $1.89 million and operations commenced this month.
Meijiâs infant formula business in Vietnam mainly imports products from Japan and sales are growing steadily. The number of births per year in Vietnam is 1.5 million or approximately 1.7 times higher than that of Japan, and the market is expected to continue to expand in the future.
新型コロナ: 世界の新規感染者数、1日70万人超 3カ月ぶりの高水準: 日本経済新聞
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Image: Maksym Yemelyanov/Adobe Stock China saw 2.1% growth in 2020, an amazing accomplishment given that the economy was shut down for nearly six months. And this year, the World Bank projects 7.9% growth for the world’s factory.
Thanks to a successful COVID-19 containment policy, China has emerged from the pandemic largely unscathed. Consumer spending, infrastructure, factory production, and private investment all experienced major upswings in the second half of last year. As a result, China saw 2.1% growth in 2020, an almost unbelievable feat given an economy that was shut down for nearly six months.
Add President Biden’s willingness to at least restart talks with China, the recently signed EU-China trade agreement, and the lifting of COVID lockdown orders throughout the United States, and it certainly appears that China, the United States, and the world are heading in the right direction.