Singapore polytechnics

In its article, the leading financial newspaper of Japanese media giants Nikkei Inc., said Vietnam is targeting a growth rate of 6.5% this year. The agency stated Vietnam’s exports will likely continue to be supported by US tariffs on Chinese goods and that in order to avoid US tariffs, importers have shifted demand from China to alternative suppliers, with this trend likely to continue. According to the agency, before the pandemic, Southeast Asia achieved collective annual growth of about 5% for many years, making it one of the world's best-performing regions. The region also became an attractive investment destination, with a relatively young population driving demand and providing plenty of labour. These advantages remain in place, but first the region needs to stamp out COVID-19. Nikkei also reported that Southeast Asian economies are aiming to this year regain the growth momentum they had before the COVID-19 pandemic caused historic declines in 2020. A look at early … [Read more...] about Vietnam’s economy to be Southeast Asia’s growth leader in 2021: Nikkei

A year on since the Covid-19 pandemic first began Vietnamese are taking more control of their health and finance, driving greater interest in fitness and well-being along with insurance and retirement planning. — Photo courtesy of Manulife HCM CITY — A year on since the Covid-19 pandemic first began Vietnamese are taking more control of their health and finance, driving greater interest in fitness and well-being along with insurance and retirement planning, as Asia looks to the longer-term impact of the disease, according to new research from Manulife. The latest version of the ‘Manulife Asia Care Survey’ takes a closer look into customers’ concerns, priorities and aspirations, polling 4,000 people across the region who either own insurance or intend to buy it in the next six months, including around 520 in Việt Nam. Nearly all (95 per cent) of those who worry most about Covid have made an effort on a personal level to improve their overall health, mostly through more … [Read more...] about Vietnamese prioritise health, finance following pandemic: survey

As much as 5.46 billion USD worth of foreign direct investment (FDI) is injected into Vietnam as of February 20. (Photo: VNA) Hanoi (VNA) - As much as 5.46 billion USD worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4 percent of the figure recorded in the same time last year, according to the Ministry of Planning and Investment . As many as 126 foreign projects were granted investment licences with total registered capital of 3.31 billion USD, a year-on-year fall of 33.9 percent. Meanwhile, 115 existing projects adjusted their investment capital with a total additional sum of 1.61 billion USD, or 2.5 times higher than the same time last year. Capital contributions and shares purchases by foreign investors stood at 543.1 million USD, down 34.4 percent. Foreign investors pumped capital in 17 sectors, with processing and manufacturing holding the lead with over 3 billion USD or 55.7 percent, followed by power … [Read more...] about Vietnam lures 5.46 billion USD in foreign investment

The Hanoitimes - LNG is believed to be a major source in Vietnam's power mix capacity of roughly 130 GW by 2030. Vietnam has drafted a new master power development plan in which liquefied natural gas (LNG) will be a major source of energy for the country with two-digit annual energy demand growth by 2030. LNG is a major source in Vietnam's power mix energy by 2030. Photo: PV GAS Vietnam's Institute of Energy has compiled a list of 22 LNG power plants with the first to be operational by 2023. To make the goal achievable, Vietnam has planned to develop infrastructure capable of importing 8 billion cubic meters (cu.m) of LNG a year by 2030, including LNG from the US that has a widening trade imbalance with Vietnam. The following proposed LNG projects in Vietnam will provide an overview on the country’s LNG landscape in the future, Reuters has reported. 1/ Thi Vai LNG Terminal & Nhon Trach 3, 4 Power Plants is located in the southern province of Ba … [Read more...] about Overview on Vietnam LNG projects