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Business optimism declines in Vietnam despite global uplift

There was an increase in optimisim in the Asia-Pacific region, from -9 percent to 2 percent, but the improvement is not reflective of Vietnam, according to the company’s quarterly survey of 3,000 businesses in 40 countries.

The Ministry of Planning and Investment on Friday announced a plan to invest VND5.5 trillion of proceeds from government bonds issued in 2012-2015 on irrigation projects, news website VnExpress reported. The spending had been greenlighted by the legislature earlier.

Non-life insurance density in Vietnam was $10.30 in premiums per capita, compared with $141.80 in Malaysia and $77.60 in Thailand in 2010, according to a report by Swiss Re.