Around Asia: June 2

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Jun. 2 – A weekly look at important regional news.

First Deepwater Container Terminal Opens in Vietnam
Vietnam’s first deep-water container terminal was inaugurated last Saturday in the southern province of Ba Ria-Vung Tau. (Vietnam Briefing)

India’s Manufacturing Expands for Second Month in a Row
A recent survey reported that manufacturing activity in India grew for the second straight month in May; the highest expansion in the last eight months. (India Briefing)

United States Engaging Asia
In a change of tactics from the Bush administration, this one led by Obama seems to be refocusing its attention to the Asian region. According to the administration’s deputy secretary of state, James Steinberg, the government plans to demonstrate a ‘very strong commitment’ to ASEAN and the greater Asian region. (

Foreign Investment Drops by 76 Percent in Vietnam
According to the Ministry of Planning and Investment’s Foreign Investment Agency, foreign investment during the first 5 months of the year dropped by 76 percent to US$6.68 billion compared to the same period last year. (Vietnam Briefing)

Indian Gov’t May Ease FDI Limits for Some Sectors
The newly-appointed government may look into liberalizing the entry of foreign direct investment in certain sectors like defense production and insurance as well as implement reforms on civil aviation policy. (India Briefing)

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