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.
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