Phát âm chuẩn – Anh ngữ đặc biệt: Vietnam Seeks to Expand Its Economy (VOA)

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China is Vietnam’s biggest trading partner. However, the two countries compete in international trade. Now, Vietnam is taking steps to deal with China’s surprise decision to devalue its currency. Vietnam is also making an effort to increase its exports in a very competitive part of the world. In August, the value of China’s money fell by 3.5 percent. And recently, the value of the Japanese yen, the Korean won and other Asian currencies also fell. That made exports from those countries less costly. Vietnam let the value of its currency, the dong, go down two times earlier this year. The idea was to gain more foreign investment in the country. Manufacturing is an important part of Vietnam’s economy. It grew by nearly nine percent last year. However, Vietnam faces strong trade competition. It also could face a flood of Chinese imports as China seeks new markets for its goods. Vietnam is looking for money for infrastructure projects. It has accepted aid from Japan to build a new airport terminal in Hanoi. More aid has gone to help build Ho Chi Minh City’s public transportation system. With better infrastructure and low-cost labor, Vietnam hopes to develop high-value manufacturing industries to replace the clothing industry. Major technology companies, like Intel from the U.S. and Samsung from South Korea, have invested billions of dollars in Vietnam since 2010. An increase in private investment could raise earnings in a country where 12 percent of people live in poverty.

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