Can Vietnam surpass China to become the world’s factory thanks to EVFTA?
With the current new EVFTA, Vietnam’s investment potential will be boosted further, attracting even more investors and manufacturers from other countries, especially China.
With the current new EVFTA, Vietnam’s investment potential will be boosted further, attracting even more investors and manufacturers from other countries, especially China.
Being one of the top countries in terms of economic growth rate, Vietnam has become the most favorable place for foreign investment and business expansion. According to Australian Chamber of Commerce, Vietnam is the newest high priority country in Asia economic diplomacy of the Kanguru Nation.
What is up with Vietnam? It has one of the fastest economic growth rates the world. It succeeded in containing 2 big outbreaks in 2003 and this year. And now it has become the best stock market performer in Asia?
Since April 2018 to August 2019, There were 56 manufacture businesses left China and moved to other country in Asia. Most of them chose Vietnam. In the worry that Indonesia, which only had 2 manufacturers moved in, would fall behind, Ambassador of the Republic of Indonesia to Vietnam, Ibnu Hadi proposed that the “country of thousand islands” needs to accelerate its trade cooperation and expand the market in order to attract more investors and manufacturers
October was a challenging month for the US dollar. The vulnerabilities of the US economy became more apparent, forcing the Federal Reserve to take further action to insure against a deeper slide in growth. The greenback lost value against all of
Start-up Opportunity Support (SOS) allows startups to offer their tokens on our exchange. This enables access to a variety of flexible and powerful capital resources. Quick but thorough audit benefits both the startups and investors.
About 80-90% of world trade today relies on trade finance. It is one of the most reliable forms of financing with less than 1% of transactions facing default. Despite this, the global trade finance gap was estimated at US$ 1.6 trillion in 2016. For Asian developing economies alone, the estimated shortage is US$ 692 billion.
Geneva based blockchain software provider komgo SA has announced that it has taken a number of steps towards achieving its mission of catalyzing the world’s commodity trade network, with almost a billion USD of financing channeled by members of the network.
Global Market Insights has recently published a report claiming that the significant growth of the blockchain market in the Asia Pacific region origins from the optimization in the number of investments in blockchain-based companies.
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