Biden: Considering cutting tariffs on China
According to a Reuters report on May 23, U.S. President Biden said on the 23rd that he was considering reducing the tariffs imposed earlier on Chinese goods. According to the report, Biden said at a press conference with Japanese Prime…
L’Oreal sets up its first investment company in China
L’Oreal Group recently announced the establishment of its first investment company in China – Shanghai Meicifang Investment Co., Ltd. The company is located in Oriental Beauty Valley, Fengxian District, Shanghai, and is mainly committed to investing in innovative beauty technology….
Japan’s December 2021 core machinery orders fell month-on-month
According to data released by the Cabinet Office on 18th, the seasonally adjusted core machinery order volume in December 2018 was 862.6 billion yen (1 yen about 0.009 US dollars), down 0.1% from the previous month, due to a significant…
Economic Development Challenges in Vietnam
First, among Southeast Asian countries, Vietnam’s transportation infrastructure is average. The main mode of transportation in Vietnam is highway, with a total mileage of about 47,000 kilometers. National highways, provincial highways and expressways constitute the main highway transportation network. The…
Economic Development Opportunities in Vietnam
Vietnam’s achievements Let’s first look at the most intuitive data – In 2020, Vietnam’s total GDP is 271.158 billion US dollars, a year-on-year increase of 2.91%, an increase of 155.226 billion US dollars compared to 2010; per capita GDP is…
Will “Made in Vietnam” become the world’s factory?
Vietnam’s economy is booming. In 2020, the worst year of the epidemic, Vietnam was once known as an “outstanding student” for epidemic prevention. It recorded an economic growth rate of 2.91%, surpassing China (2.3%) and ranking second in the world,…