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Chinese Get Chances to Invest in Vietnam Despite Political Rifts

Vietnam is gradually offering the eager Chinese new places to invest, from real estate to factory production, despite its history of resisting China over political issues. Chinese investors are buying property in the financial center, Ho Chi Minh City, and may get a chance from next year to lease land for up to 99 years in three special economic zones. A bill to open those zones is due for legislative action in early 2019 after being called off twice this year due to public protests. Pressure on Chinese firms from rising U.S. tariffs is pushing some into Vietnam, which Washington does not see as a trade rival. Then there’s China’s Belt-and-Road program for giving grants and other aid for infrastructure around Eurasia. A lot of Vietnamese, while still wary of China politically, will accept Chinese investment if it helps their sector of the domestic economy, analysts in Ho Chi Minh... If you wish to read this full breaking news headline article, Chinese Get Chances to Invest in Vietnam Despite Political Rifts, simply click on 'Read full story' below, but 1st please give 'Phuket Hotel Deals' a 'LIKE' or 'SHARE' before you visit 'VOA NEWS'. Thank you Chinese Get Chances to Invest in Vietnam Despite Political Rifts

 

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