Just like China and the ‘Tiger economies’, Vietnam has correctly diagnosed that its prosperity will have to ride on a judicious integration with the world economy. That means inviting foreign capital, which would come owing to the country’s low labour costs and business-friendly rules. At night, the five spans of the bridge, representing the five gates of the ancient capital, are each illuminated in distinct colours. Joined by two major tributaries — the Black river and Lô river — it terminates at the Gulf of Tonkin in the South China Sea. In fact, Republic of Korea is, by far, the largest foreign investor in Vietnam.

Source: The Hindu October 07, 2017 14:03 UTC