Vietnam’s impressive successes and growing position in the world are helping the country become an destination for Japanese and Korean investors. Japanese Prime Minister Suga Yoshihide visited Vietnam on October 18-20. It was Suga’s first overseas trip since he took office as Japanese Prime Minister. After Vietnam, Suga is paying a visit to Indonesia, which is the most populous country in ASEAN. Nikkei commented that Suga’s visit to Vietnam will promote global investment agreements. This is seen as a positive sign at a time when, according to VinaCapital, central banks over the globe have been and will be issuing new money with total value of up to $6 trillion. The movement of this huge cash flow could give a push to some economies if they can grab the opportunity. According to the World Bank (WB), Vietnam now has unprecedented advantages after successfully fighting Covid-19. It is the only economy in ASEAN’s top 5 maintaining positive GDP growth in the context of the pandemic. A recent study by VinaCapital shows that foreign investment capital is one of the important factors to help Vietnam recover soon and regain its growth after Covid-19. Capital from Japan, one of the important capital sources, is… Read full this story
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