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Journal Date January 30 2003 Title Vietnam for Business A Rising Star Far Eastern Economic Review January 30 2003 Author Margot Cohen Page P12-15 Summary After the Vietnam War almost 25 years there has a great improvement 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 poor and undeveloped village Most of the people there are 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 different from the past The new generations of Vietnam are more focusing on the truth 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 Many 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 order 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 rapidly 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 attract foreign investors to invest is the lowest wages of Vietnam in Asia and the higher productivity The wages and productivity in China had already
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