Vietnam once faced the threat of being bombed with an atomic bomb.

A nuclear explosion. Photo: Sputnik

This week, the topic of Vietnam's economy dominated foreign media.

Asia Timespublished a long article analyzing the Sino-Vietnamese relationship in the context of the trade war with the US. A series of businesses are leaving China for Vietnam, which is expected to help create jobs, increase exports and boost Vietnam's economic growth, the newspaper wrote. Favorable trade deals, economic links with ASEAN economies, and a strategic location on China's southern border with modern transportation routes all increase Vietnam's attractiveness because companies have to adapt their supply chains to the new conditions. Vietnam will increase its exports of leather shoes and handbags, which are forecast to increase by 10%.

Seafood processing workers. Illustration photo

After the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) come into effect, Vietnam will become a more attractive manufacturing hub thanks to greater global connectivity, while China is gradually losing its position as the world’s factory. The trade war between the United States and China opens up new trade and investment opportunities for Vietnam as an intermediary between them, at least in the short term, the author said.

Moneyweb.co.zaFor South Africa, Vietnam is a good example of the results of its business diversification policy.Footwear NewsVietnam is increasing footwear exports to capture a market share previously dominated by China, the association said. During the period from January to September this year, Vietnam's footwear export turnover reached 11.8 billion USD, up 10.5% over last year.

HRM Asiaannounced that, in the first 9 months of the year, Vietnam created more than half a million new jobs. The number of unemployed people decreased by 1.7%, while the number of workers aged 15 and over reached 55.2 million people.

Retail News Asiapresents research results showing that Vietnamese men prefer to shop on mobile than women, even for cosmetics. The World Bank predicts that by 2035 Vietnam's economy will be worth nearly a trillion dollars. As expected, more than half of Vietnam's population, compared to 11% today, will join the global middle class with a consumption level of 15 USD/day.

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SheetEchoesThe announcement of the fate of the Vietnam-EU free trade agreement. The reason for the delay in bringing this Agreement into force is bureaucratic procedures, according to the spokesman of the European Commission for Trade and Agriculture Daniel Rosario. The problem is that this document must be translated into all the languages ​​of the European Union. The EU is forced to divide the signed agreements into two parts: the trade part, which is under the competence of the Union, and the other - the investments, which must also be approved by the member states and their parliaments.

Manitoba Co-operatorbad news for Russia. Vietnam has discovered a dangerous weed in imported wheat, whose main suppliers are Russia, Australia and Canada. This is Cirsium Arvense (Vietnamese name is Cirsium Arvense). From November 1, enterprises that have imported wheat shipments tested to be contaminated with Cirsium Arvense will have to re-export. And Vietnam will look for other suppliers.

The New York TimesThere is an article about the threat that hung over Vietnam during the Resistance War against American imperialism. According to a recently declassified document, American General William C. Westmoreland planned to use nuclear weapons to attack Vietnam. General Westmoreland prepared a secret plan codenamed Fracture Jaw. The plan involved moving nuclear weapons into South Vietnam for possible surprise use against the People's Army of Vietnam. Fortunately, this plan was not carried out.

SheetStars and StripesThere is an article about the impact on Vietnam's economy after US President Donald Trump signed an executive order officially withdrawing from the TPP. After this action by President Trump, the Vietnamese government has reneged on its commitments in the field of labor relations: allowing the establishment of independent unions, eliminating child labor and creating more opportunities for private companies to compete with the public sector, as well as free and open Internet, the US newspaper commented.