Economy
Nha Trang's economy relies largely on tourism. In the suburban areas around the city, the shipbuilding industry has developed and contributed significantly to the city's economy. Fishery and services are also important to the city. Khanh Hoa Province in general and Nha Trang is particular are among the largest contributors to Vietnam's annual budget revenues. Lobster farming on the sea is an important industry for the people living in suburb areas of the city. To the south of the city, by Cam Ranh Bay, several industrial parks are under construction and have been partly available for investors. Once the construction of the deep-water port on Van Phong Bay has been completed, this area will become the third important economic zone in the province (besides Nha Trang and Cam Ranh).
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)