From Learning English, this is the Economics Report.
In May, anti-China protesters in Vietnam caused damage to at least 460 factories owned by foreigners. Thousands of foreign investors fled Vietnam. They fear there would be more riots. But foreign investment has now returned to level standard existed before the protests.
The flow of money returned for three main reasons. The government has promised to protect for investors, also the economy continues to grow. Finally, the cost of manufacturing remains low. Clothing, furniture and electronics factories have began operating again in Vietnam.
20 people dead in protests and hundreds were injured. The protesters were angry about Chinas placement of an oil industry structure in waters that Vietnam claims as its territory. Long-term tensions between the two countries worsened. China and Vietnam fought a border war in 1979.
Foreign investment is 17 percent of Vietnams economy and 66 percent of its exports. It provides half of Vietnams tax income. Ralf Matthaes is the owner of a market advising company in Ho Chi Minh city. He says foreign investment has returned because of the governments strong actions.
Foreign investors from Japan, Singapore, South Korea and Taiwan have entered Vietnam since the government ended investment restrictions in 1987. Their projects have helped support Vietnams $155 billion economy and have lowered poverty by adding jobs.
In July, China moved the platform following talks with Vietnam. Before the riots China was the seventh largest investor in Vietnam. Last year, it invested $2.3 billion in the country, that was six times more than in . Much of that investment was materials use to make clothing, machines and other goods.
In the future, Vietnam is expected to make it easier for foreign investors to do business in the country. It will increase the rights of foreign investors to use land. And it will build new transportation systems linking Ho Chi Minh City to manufacturing areas.
And thats the Economics Report from Learning English. For more learning English programs go to our website . And follow us on Facebook and Twitter. Im Mario Ritter.
词汇讲解:
1. exist vi.存在; 生存
例句:I want to live, not just to exist.
我要享受生活,而不仅仅是活着。
2. protect vt.保护,保卫
例句:Game laws protect wild life.
狩猎法保护野生动物。
3. injure vt.损害,毁坏
例句:You will injure your health by smoking too much.
你吸烟太多,有伤身体。
4. territory n.领土,版图
例句:Corruption charges come with the territory.
腐败指控已经蔓延整个地区。
5. invest vt. 投资; 花费
例句:We dont invest in gold.
我们不投资黄金。
6. transportation n.运送,运输
例句:The fruit will not bear transportation to any great distance.
水果经不起长途运输。
短语讲解:
1. In May, anti-China protesters in Vietnam caused damage to at least 460 factories owned by foreigners.
at least 至少
例句:At least thats the theory.
至少理论上是这样。
2. Thousands of foreign investors fled Vietnam.
thousands of 数千的
例句:Thousands of files were allegedly downloaded to his computer.
他的电脑被指下载了数以千计的文档。
3. He says foreign investment has returned because of the governments strong actions.
because of 由于
例句:The journey was slow because of continual stops.
由于常常停下来,所以行程很慢。
4. Last year, it invested $2.3 billion in the country, that was six times more than in .
more than 多于
例句:Rob likes apples more than bananas.
罗勃对苹果比对香蕉还喜欢。
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