Vietnam for Business, A Rising Star

Journal Date: January 30, 2003

Title: Vietnam for Business, A Rising Star, Far easterly Economic Review,

January 30, 2003

Author: Margot Cohen

Page: P.12-15

Summary:

After the Vietnam contend almost 25 years, there has a owing(p) amelioratement in the Vietnam, no matter on economic, political or infrastructures. Within the 1990s, the economy of Vietnam is revived again. In the past, Vietnam is just a ridiculous and undeveloped village. Most of the population there argon non-educated, and lack of the sense of improvement, even in nowadays, the old generations of Vietnam are still focusing and deploring about the Vietnam War and sometimes lack of the attention on their countrys economic performance.

However, everything is contrasting from the past. The naked generations of Vietnam are more focusing on the equity; they know that improving the countrys economy is the only way to improve the countrys living standard. Therefore, from the past decade, there still has a great performance in Vietnams economy.

Vietnam, she is no longer a poor village only, nowadays, Vietnam is one of the most potential countries in Asian. umteen of the foreign investment laws and certain political policy and infrastructures are on the improving. For instance, the time for issuing licenses are more quickly the before, and the government are setting up many new policy, in high society to create new investment incentives by foreign investors.

As the time of worldwide economic deterioration, the economic performances of Asian countries are poor. However, Vietnam surprisingly had an unpredictable result, the investment from other companies apace increase. Not only the investment from European or American companies, but also most of the Asian companies, such as Taiwan, Japan, Malaysia, Singapore, etc.

Reebok and Nike, company of producing sneakers, are also setting up their factories in Vietnam. One of the inviting for Vietnam to...

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