Vietnam Economic News

[DaiViet]

Vietnam is estimated to gain gross domestic product (GDP) growth of 7.08 percent in the first half of this year, the highest first-half growth rate since 2011, the country's General Statistics Office said on Friday.

http://www.xinhuanet.com/english/2018-06/29/c_137289582.htm

[DaiViet]

Japan overcame 86 countries and territories to become the largest foreign investor in Vietnam in the first six months of this year, with 6.47 billion USD, or 31.8 percent of the total registered capital.

With 5.06 billion USD, the Republic of Korea was Vietnam’s second biggest investor, followed by Singapore with 2.39 billion USD.

Manufacturing-processing industry continued to attract the most foreign direct investment (FDI) in Vietnam in the first half of 2018, with 7.91 billion USD, accounting for 38.9 percent of the total registered capital.

It was followed by real estate, with 5.54 billion USD, and the wholesale and retail sector with 1.5 billion USD, making up 27.3 percent and 7.4 percent of the total, respectively.

https://en.vietnamplus.vn/japan-leads-foreign-investors-in-vietnam-in-years-first-half/133595.vnp

[DaiViet]

VinFast Manufacturing and Trading, a member of VinGroup, has entered into a joint venture with AAPICO Hitech for automobile body stamping and welding in Vietnam, while also partnering German engineering group EDAG as the overall development partner for the first electric vehicle to enter the Vietnamese market.

https://paultan.org/2018/06/13/vietnams-vinfast-appoints-thai-and-german-partners-plans-sedan-suv-and-ev-city-car-for-production/

https://autopro56.mediacdn.vn/zoom/430_270/2018/5/30/photo1527637128849-15276371288491128946781.jpg

[DaiViet]

Vietnam becomes China’s largest trade partner in ASEAN: Chinese diplomat.

“The Chinese diplomat made the remarks during a press briefing held by the Chinese Embassy in Hanoi on July 26.

Total trade revenues between Vietnam and China were estimated at US$66 billion in the opening half of 2018, with the average monthly trade turnover between the two countries having exceeded US$10 billion for the first time in history, he said.”

“The growth rate of Vietnam’s exports to China reached 37.4%, ranking first among ASEAN countries. In February 2018, China surpassed the United States to become the largest export market for Vietnam.”

http://en.nhandan.org.vn/business/item/6428702-vietnam-becomes-china’s-largest-trade-partner-in-asean-chinese-diplomat.html

[DaiViet]

Vietnam posts $3.1-billion trade surplus in Jan-July

Cell phones and components topped the list of exports at $26.1 billion, followed by textile and garment at $16.5 billion and electronics and computers and components at $15.7 billion.

The U.S. was the biggest importer, with shipments rising by 8.9 percent to $25.5 billion.

The EU was second with $24.2 billion, up 12.9 percent, followed by China with $19.5 billion, up 24.7 percent.

https://e.vnexpress.net/news/business/vietnam-posts-3-1-billion-trade-surplus-in-jan-july-3786388.html

[DaiViet]

VinFast to open offices in Europe and Asia.

After cooperation with a number of German partners such as BMW, Siemens, Bosch, Durr AG, Schuler AG, Eisenmann, FFT and EBZ, the establishment of VinFast GmbH in Frankfurt reaffirms VinFast’s commitment to producing world class and high quality vehicles.

In addition to Germany, VinFast is also completing final procedures to establish subsidiaries in Shanghai, China and the Republic of Korea.

VinFast’s establishment of subsidiaries in major automobile manufacturing and consumption centres in Europe and Asia is the next step to enter the world’s automotive market, expressing the global vision of the Vietnamese car brand.

https://vietnamnews.vn/economy/462803/vinfast-to-open-offices-in-europe-asia.html#5AyClTe45KcZh6Dl.97

[zhaoyun]

Vietnam will be the South Korea of SE Asia in 20-25 years.

[DaiViet]

Vietnam will be the South Korea of SE Asia in 20-25 years.

Haha, it will take longer than that. But I’d be happy if they get halfway there within that time frame.

[Dragoon]

Vietnam is projected to have one of the highest increasing economies.
For example PWC projects Vietnamese GDP purchasing power from 32nd rank (2016) -> 29 (2030) -> 20th (2050)
and GDP nominal also improving.

[zhaoyun]

Haha, it will take longer than that. But I’d be happy if they get halfway there within that time frame.

Nah, I don't think it will take longer than 25 years. Vietnam has already developed rapidly in the last ten years. Now they are expanding into many different industries. My prediction is that Vietnam will be the next Guangdong. Same size/population/climate/similar cultures.

Lately, I've been watching some Saigon Vlogs and a lot of the developed areas feel like the big cities of Mainland China.


https://www.youtube.com/watch?v=oB67PeyHlOQ

[zhaoyun]

Vietnam is projected to have one of the highest increasing economies.
For example PWC projects Vietnamese GDP purchasing power from 32nd rank (2016) -> 29 (2030) -> 20th (2050)
and GDP nominal also improving.

If I was placing bets, I'd bet on Vietnam out of all of the SE Asian countries because of it's Confucian culture. It will become a major industrial powerhouse within one generation, mark my words.

[DaiViet]

Nah, I don't think it will take longer than 25 years. Vietnam has already developed rapidly in the last ten years. Now they are expanding into many different industries. My prediction is that Vietnam will be the next Guangdong. Same size/population/climate/similar cultures.

Lately, I've been watching some Saigon Vlogs and a lot of the developed areas feel like the big cities of Mainland China.




The major cities of Saigon, Hanoi, Haiphong, and Danang will have the highest growth rates and will be the areas to reach developed status first for sure. It’s the rural areas that lags, which is typical for countries in the process of development.

[Iloko]

I would like to see pics of the most developed places around Vietnam

[zhaoyun]

The major cities of Saigon, Hanoi, Haiphong, and Danang will have the highest growth rates and will be the areas to reach developed status first for sure. It’s the rural areas that lags, which is typical for countries in the process of development.

Vietnam's advantage is that the entire country is right by the coast. So very advantageous for trade. Because of this, it will develop faster.

[DaiViet]

I would like to see pics of the most developed places around Vietnam

There are tons of new buildings popping up, especially in Saigon. However I would rather Vietnam renovate historical neighborhoods, as Vietnam has over 2 thousand years of history. To me, quaint historical towns like Amsterdam or Paris is more attractive than modern skyscrapers which lack historical meaning and national character.

Anyway here’s a video on the streets.


https://youtu.be/Tip0HGbEgek

[DaiViet]

Vietnam Investment Review reported that the European Union-Vietnam Free Trade Agreement (EVFTA) will likely be ratified in October or November 2018 and come into effect in early 2019:

The government procurement provisions in the EU-Vietnam FTA are a big step for Vietnam. Vietnamese suppliers will have access to the EU's US$500 billion public procurement market. For Vietnam and its people, the EVFTA's government procurement provisions should, over time, improve access to high-quality goods and services from EU suppliers.

http://www.mondaq.com/x/726672/Fiscal+Monetary+Policy/EUVietnam+FTA+Finally+To+Come+Into+Force+In+Early+ 2019+Comments+on+Government+Procurement

[DaiViet]

Vietnam debuts its first car brand in the Paris Auto Show.


https://youtu.be/sHBWaBFFe38

[Selurong]

Vietnam debuts its first car brand in the Paris Auto Show.


https://youtu.be/sHBWaBFFe38Cool story, PrinceValiant.

Sent from my CHM-U01 using Tapatalk

[DaiViet]

Cool story, PrinceValiant.

Sent from my CHM-U01 using Tapatalk

I would totally buy one if it was available here in the US.

[DaiViet]

Vietnam’s cyber security firm BKAV unveiled the third generation of its Bphone on Wednesday without a home button, pricing it from $300. It requires users to navigate to the home screen and apps by using hand gestures just like in Apple’s iPhone X.

Bphone 3 will be the only Vietnamese competitor in the Vietnamese mid-range phone market which is dominated with Korea’s Samsung, China’s Oppo and Huawei. Other popular phones in the same price range are the Huawei Nova 3i ($300), Galaxy A7 2018 ($330) and Oppo F9 ($330).


https://youtu.be/pzQeafEApBs

[DaiViet]

“Vietnam’s trade as a percentage of gross domestic product (GDP) reached over 200 percent in 2017, the highest level for any country with over 50 million people in the World Bank’s data.”

“Currently, Vietnam is a major exporter of electronics and apparel, with the United States and China as the main destinations for its goods.

Unlike in some fast-growing economies, Vietnam’s new prosperity has been shared. The proportion of people in extreme poverty fell from above 70 percent in the early 1990s to around 10 percent in 2016, the WEF said.”

http://www.thejakartapost.com/news/2018/10/19/vietnam-is-most-globalized-populous-economy.html

https://img.jakpost.net/c/2018/10/19/2018_10_19_56675_1539941177._large.jpg

[Iloko]

Vietnam debuts its first car brand in the Paris Auto Show.


https://youtu.be/sHBWaBFFe38
Wow I hope Philippines will have their own in the future as well!

[DaiViet]

“The Việt Nam Northern Food Corporation (Vinafood 1) and Việt Nam Southern Food Corporation (Vinafood 2) won a bid last week to sell 14,000 tonnes and 15,000 tonnes of rice, respectively, to the Philippines.”

“The Philippines is on a rice buying spree this year, after President Rodrigo Duterte lifted a 20-year restriction on rice imports as inflation accelerated. The NFA has been approved to import 2.4 million tonnes, just below the record 2.45 million tonnes bought in 2010 when rising global food prices stoked shortage fears.”

https://vietnamnews.vn/economy/468325/vinafood-1-2-win-bid-to-supply-rice-to-philippines.html#6Dfd5IZTliMQPiAe.97
R

[DaiViet]

Vietnamese economy is led by Vietnamese, not by ethnic Chinese like in other Southeast Asian countries.

- 10 richest Vietnamese people on stock market as of 2017 are ethnic Vietnamese (pictures below). 9 out of 10 are Northern Vietnamese with only 1 from the south. Another thing of note, there is no Chinatown in Hanoi or anywhere in northern Vietnam. Chinatown currently only exists in Ho Chi Min City (Saigon)

- Out of 100 richest people on stock market, only 11 people are Chinese Vietnamese.

Source: (in Viet language)
1. http://vietnamnet.vn/vn/kinh-doanh/media/ngay-cuoi-nam-top-10-ty-phu-viet-cung-dem-tui-tien-ty-usd-420843.html
2. http://infonet.vn/nhung-dai-gia-goc-hoa-giau-nhat-viet-nam-la-ai-post233433.info

http://i68.tinypic.com/nbb4m9.jpg
http://i64.tinypic.com/2njfzo1.jpg
http://i63.tinypic.com/2livfv9.jpg
http://i64.tinypic.com/29qglr9.jpg
http://i65.tinypic.com/24vikk1.jpg
http://i65.tinypic.com/2q1dxxt.jpg
http://i63.tinypic.com/wi98co.jpg
http://i63.tinypic.com/nx3sk4.jpg
http://i63.tinypic.com/nq5zc8.jpg
http://i66.tinypic.com/30lctav.jpg

[jungleland98]

If I was placing bets, I'd bet on Vietnam out of all of the SE Asian countries because of it's Confucian culture. It will become a major industrial powerhouse within one generation, mark my words.

I'm optimistic about Vietnam as well but they won't be the 1st in SE Asia to reach that develop status.Vietnam is not an entrepreneurial culture and their overseas diaspora isn't doing as well as other Asian group despite having the same population.Before Korea,Taiwan,Singapore became a developed nation not only do their overseas diaspora doing extremely well but the origin were excelling in all the rankings.They don't just appear from 3rd world to 1st world just like that.Hence why I'm placing my bets with Malaysia.They are already higher than China in most ranking including HDI,economic competitiveness ranking,healthcare.What's holding Malaysia back is 1MDB corruption and their affirmative action policies for the Malay.If they abolish that policy,they can watch the country flourish into a Singapore on steroids.No doubt Vietnam would excel just not as soon as Malaysia and India.I said India because GDP growth of India have been consistently 2% higher than Vietnam YOY.

BTW all the countries I mentioned just now(Korea,Japan,Singapore) never practised Confucian culture at an administration scale and in fact all of them intently modeled on western principle.In fact LKY founder of Singapore was an agnostic with western cultural values and beliefs.LKY himself have stated in an interview he laugh at some of his parents Taoism beleifs.Now as a nation they might incidentally practise it but the same can be said for other countries because huge part of confucianism is logical.

[jungleland98]

Vietnamese economy is led by Vietnamese, not by ethnic Chinese like in other Southeast Asian countries.

- 10 richest Vietnamese people on stock market as of 2017 are ethnic Vietnamese (pictures below). 9 out of 10 are Northern Vietnamese with only 1 from the south. Another thing of note, there is no Chinatown in Hanoi or anywhere in northern Vietnam. Chinatown currently only exists in Ho Chi Min City (Saigon)

- Out of 100 richest people on stock market, only 11 people are Chinese Vietnamese.

Source: (in Viet language)
1. http://vietnamnet.vn/vn/kinh-doanh/media/ngay-cuoi-nam-top-10-ty-phu-viet-cung-dem-tui-tien-ty-usd-420843.html
2. http://infonet.vn/nhung-dai-gia-goc-hoa-giau-nhat-viet-nam-la-ai-post233433.info

http://i68.tinypic.com/nbb4m9.jpg
http://i64.tinypic.com/2njfzo1.jpg
http://i63.tinypic.com/2livfv9.jpg
http://i64.tinypic.com/29qglr9.jpg
http://i65.tinypic.com/24vikk1.jpg
http://i65.tinypic.com/2q1dxxt.jpg
http://i63.tinypic.com/wi98co.jpg
http://i63.tinypic.com/nx3sk4.jpg
http://i63.tinypic.com/nq5zc8.jpg
http://i66.tinypic.com/30lctav.jpg

That's one thing Vietnam got going good.However Vietnam is relying a lot of China.Vietnam is known afterall as China backdoor as their their top revenue come from manufacturing of China goods.As I said Vietnam lack an entreprenurial culture overseas at least which is one of the reasons I'm not as optimistic.I mean if we want to see which country would succeed,you must see who has the strongest diaspora population in terms of wealth and influences.Korean,Japanese,Taiwanese,China,Indian had all strong diaspora in not just US but in UK,Australia,Canada,Europe,etc..

[DaiViet]

That's one thing Vietnam got going good.However Vietnam is relying a lot of China.Vietnam is known afterall as China backdoor as their their top revenue come from manufacturing of China goods.As I said Vietnam lack an entreprenurial culture overseas at least which is one of the reasons I'm not as optimistic.I mean if we want to see which country would succeed,you must see who has the strongest diaspora population in terms of wealth and influences.Korean,Japanese,Taiwanese,China,Indian had all strong diaspora in not just US but in UK,Australia,Canada,Europe,etc..

Korean diaspora are about the same as Vietnamese. Their median household income in the US are nearly identical.

Your comments show you know nothing about Vietnam’s economy. Investments into Vietnam from China is well below that of Japan and Korea. Even lower than investments from Singapore. Vietnam’s top exports are electronics (non-Chinese) and textiles (non-Chinese).

US and China serves as Vietnam’s main export market. Yes, Vietnam exports to China. Nothing wrong with that. Soon, the free trade agreement with EU will be signed, which will open up even larger market.

[DaiViet]

I'm optimistic about Vietnam as well but they won't be the 1st in SE Asia to reach that develop status.Vietnam is not an entrepreneurial culture and their overseas diaspora isn't doing as well as other Asian group despite having the same population.Before Korea,Taiwan,Singapore became a developed nation not only do their overseas diaspora doing extremely well but the origin were excelling in all the rankings.They don't just appear from 3rd world to 1st world just like that.Hence why I'm placing my bets with Malaysia.They are already higher than China in most ranking including HDI,economic competitiveness ranking,healthcare.What's holding Malaysia back is 1MDB corruption and their affirmative action policies for the Malay.If they abolish that policy,they can watch the country flourish into a Singapore on steroids.No doubt Vietnam would excel just not as soon as Malaysia and India.I said India because GDP growth of India have been consistently 2% higher than Vietnam YOY.

BTW all the countries I mentioned just now(Korea,Japan,Singapore) never practised Confucian culture at an administration scale and in fact all of them intently modeled on western principle.In fact LKY founder of Singapore was an agnostic with western cultural values and beliefs.LKY himself have stated in an interview he laugh at some of his parents Taoism beleifs.Now as a nation they might incidentally practise it but the same can be said for other countries because huge part of confucianism is logical.

What’s holding Malaysia back are the ethnic Malays who are making up an increasing portion of the population every year. They lack entrepreneurial drive, have weak work ethic, and are overly dependent on affirmative action programs.

Confucianism is embed in the culture, values, and social norms of sinospheric countries. It’s deeper than you think.

That said, it will take time for Vietnam to even get to China’s current GDP per capita level. Perhaps 2 decades. After all it took China nearly 40 years to get to where it is today.

[jungleland98]

What’s holding Malaysia back are the ethnic Malays who are making up an increasing portion of the population every year. They lack entrepreneurial drive, have weak work ethic, and are overly dependent on affirmative action programs.

Confucianism is embed in the culture, values, and social norms of sinospheric countries. It’s deeper than you think.

That said, it will take time for Vietnam to even get to China’s current GDP per capita level. Perhaps 2 decades. After all it took China nearly 40 years to get to where it is today.

Yup as I said Malay affirmative action policies are what leading to the country slow growth.Since Mahatir election into office,a lot of policies have been changing.Worth noting that during Mahatir tenure is when Malaysia economy boom and what led Malaysia to be richer than its SEA peers.Now that he's back and all the corrupt cronies are being sieved out,Malaysian are embracing for another boom

Many of confucianism values are obvious and parallel with what Western philosophy said.My view on Taoism,Confucianism,Legalisme is similar to LKY.I don't find it astounding.

[jungleland98]

Korean diaspora are about the same as Vietnamese. Their median household income in the US are nearly identical.

Your comments show you know nothing about Vietnam’s economy. Investments into Vietnam from China is well below that of Japan and Korea. Even lower than investments from Singapore. Vietnam’s top exports are electronics (non-Chinese) and textiles (non-Chinese).

US and China serves as Vietnam’s main export market. Yes, Vietnam exports to China. Nothing wrong with that. Soon, the free trade agreement with EU will be signed, which will open up even larger market.

Vietnam manufacture electronics from China based on reports not their own.That's nothing wrong with that of course since the 70's,Japan set up manufacturing plant in China for their electronics.But it shows Vietnam have a long way to go and I disgress the view shared by some that it would be the first to be developed status in Asia after Singapore.They're playing catch up as for now.

[DaiViet]

Vietnam manufacture electronics from China based on reports not their own.That's nothing wrong with that of course since the 70's,Japan set up manufacturing plant in China for their electronics.But it shows Vietnam have a long way to go and I disgress the view shared by some that it would be the first to be developed status in Asia after Singapore.They're playing catch up as for now.

Based on what reports? You’re making stuff up and spreading misinformation based on your own personal assumptions. If anything much of the electronics are Samsung related, lol. 1/5th of the country’s exports are connected to Korean firms admittedly.

I do agree it will take a long time, perhaps 2 decades to get to middle income status. It will take additional decades to get to developed status.

[jungleland98]

Based on what reports? You’re making stuff up and spreading misinformation based on your own personal assumptions. If anything much of the electronics are Samsung related, lol. 1/5th of the country’s exports are connected to Korean firms admittedly.

I do agree it will take a long time, perhaps 2 decades to get to middle income status. It will take additional decades to get to developed status.

81296

I don't make stuff up.China only started exporting their own electronic recently less than 10 years ago so no pressure.

[DaiViet]

81296

I don't make stuff up.China only started exporting their own electronic recently less than 10 years ago so no pressure.

The summary to the link you provided says Vietnam is becoming electronics manufacturing hub for Japanese and Korean companies. Which is true.

Here’s my prediction. Within 15 years Vietnam will be middle income. Within 35 years it will be in the lower range of upper income. Within 50 years it will reach fully developed status.

The country has at least 2800 years of civilization in various forms. Half-a-century of effort is but a brief passing period in this continuation.

[DaiViet]

Yup as I said Malay affirmative action policies are what leading to the country slow growth.Since Mahatir election into office,a lot of policies have been changing.Worth noting that during Mahatir tenure is when Malaysia economy boom and what led Malaysia to be richer than its SEA peers.Now that he's back and all the corrupt cronies are being sieved out,Malaysian are embracing for another boom

Many of confucianism values are obvious and parallel with what Western philosophy said.My view on Taoism,Confucianism,Legalisme is similar to LKY.I don't find it astounding.

I don’t want to get into philosophical debates about Confucianism.

Regarding affirmative action, from what I’ve read the the policies are still firmly in place and supported by Mahatir. Ethnic Chinese are the pillars of Malaysian economy, and their numbers are shrinking. I think the Malay culture is not conducive to economic growth.

[Cristiano viejo]

Good news. I hope all the Vietnamese immigrants in Europe return to their new-rich homeland forever.

[DaiViet]

Good news. I hope all the Vietnamese immigrants in Europe return to their new-rich homeland forever.

Maybe in 30 years.

Spain should invest in Vietnam. Lots of profit making potential for Spanish companies, and help develop Vietnam so that Vietnamese immigrants can return to their homeland. It’s a win-win for all.

[Cristiano viejo]

Maybe in 30 years.

why not now?

[DaiViet]

why not now?

Economic development takes time. Better economic prospects is a strong incentive for migration.

Even South Korea required decades of growth before it reached developed status.

https://upload.wikimedia.org/wikipedia/commons/thumb/7/77/South_Korea%27s_GDP_%28PPP%29_growth_from_1911_to_ 2008.png/1024px-South_Korea%27s_GDP_%28PPP%29_growth_from_1911_to_ 2008.png

[Cristiano viejo]

Economic development takes time. Better economic prospects is a strong incentive for migration.

Even South Korea required decades of growth before it reached developed status.

https://upload.wikimedia.org/wikipedia/commons/thumb/7/77/South_Korea%27s_GDP_%28PPP%29_growth_from_1911_to_ 2008.png/1024px-South_Korea%27s_GDP_%28PPP%29_growth_from_1911_to_ 2008.png

And are there not Koreans in Europe/USA?

[DaiViet]

And are there not Koreans in Europe/USA?

I don’t think there is much new migration. Probably not at a rate that’s any different from Europeans moving around.

No South Koreans would want to move to Spain these days for example. South Korea is richer than Spain.

[DaiViet]

Out of 157 locations, the top 4 ranking for Human Capital Index are:

1. Singapore
2. South Korea
3. Japan
4. Hong Kong

For Southeast Asia region, Vietnam is 2nd after Singapore.

“The inaugural World Bank Human Capital Index measures the human capital that a child born today can expect to attain by the age of 18. It defines human capital as the knowledge, skills, and health that people accumulate over their lives.

The HCI comprises three components: Survival of children to school age, the quantity and quality of education, and health (adult survival rates, healthy growth among children under the age of five).”

In terms of health and education, Vietnam takes good care of their kids through 18. Now they need to work on improving their universities and post-secondary education.

https://www.todayonline.com/singapore/singapore-no-1-out-157-countries-world-bank-human-capital-index

https://www.todayonline.com/sites/default/files/index_under_embargo-33.jpg

[jungleland98]

The summary to the link you provided says Vietnam is becoming electronics manufacturing hub for Japanese and Korean companies. Which is true.

Here’s my prediction. Within 15 years Vietnam will be middle income. Within 35 years it will be in the lower range of upper income. Within 50 years it will reach fully developed status.

The country has at least 2800 years of civilization in various forms. Half-a-century of effort is but a brief passing period in this continuation.

I agree with that timeline.I however don't agree it would reach developed status before Malaysia and Thailand.Malaysia is ahead on China in most rankings so it's doubtful

[jungleland98]

I don’t want to get into philosophical debates about Confucianism.

Regarding affirmative action, from what I’ve read the the policies are still firmly in place and supported by Mahatir. Ethnic Chinese are the pillars of Malaysian economy, and their numbers are shrinking. I think the Malay culture is not conducive to economic growth.

It's constitutional which is why it's hard to remove it.However it has loosen in the last couple of months since new leadership.True Malaysian Chinese are are conducive to economic growth but at services level.50% of Malaysian economy is agriculture which exports are dominated by Malays so their role in this still relevent.Whatever the case is a multiracial country would inevitably be a stronger country for economic growth because they're pulling talents from all cultures.

[jungleland98]

Out of 157 locations, the top 4 ranking for Human Capital Index are:

1. Singapore
2. South Korea
3. Japan
4. Hong Kong

For Southeast Asia region, Vietnam is 2nd after Singapore.

“The inaugural World Bank Human Capital Index measures the human capital that a child born today can expect to attain by the age of 18. It defines human capital as the knowledge, skills, and health that people accumulate over their lives.

The HCI comprises three components: Survival of children to school age, the quantity and quality of education, and health (adult survival rates, healthy growth among children under the age of five).”

In terms of health and education, Vietnam takes good care of their kids through 18. Now they need to work on improving their universities and post-secondary education.

https://www.todayonline.com/singapore/singapore-no-1-out-157-countries-world-bank-human-capital-index

https://www.todayonline.com/sites/default/files/index_under_embargo-33.jpg

This is cherry picking choosing out human capital index over every other ranking.Why didn't you post HDI ranking where Malaysia is even higher than China yet alone Vietnam.Or economic competiveness and infrastructure ranking where again Malaysia is higher than China.Or the fact that Malaysian university ranking is top 20 in Asia and Malaysia national university is higher than Taiwan National University.I know you're Vietnamese but try looking at things objectively.Malaysia in some cases rank on par with developed nation.If Malaysia economy were to never grow at all it would still take Vietnam 25 years to reach Malaysia.
Economic Competitiveness
https://screenshotscdn.firefoxusercontent.com/images/285dfef9-d200-439c-aa96-d377f9c706c0.png
https://screenshotscdn.firefoxusercontent.com/images/178a45a3-04d9-4881-a78d-88dcda196f2a.png
Uni ranking on par with Taiwan and China
https://screenshotscdn.firefoxusercontent.com/images/2377e7c0-d008-4153-9e5d-fcc41905730e.png

[DaiViet]

This is cherry picking choosing out human capital index over every other ranking.Why didn't you post HDI ranking where Malaysia is even higher than China yet alone Vietnam.Or economic competiveness and infrastructure ranking where again Malaysia is higher than China.Or the fact that Malaysian university ranking is top 20 in Asia and Malaysia national university is higher than Taiwan National University.I know you're Vietnamese but try looking at things objectively.Malaysia in some cases rank on par with developed nation.If Malaysia economy were to never grow at all it would still take Vietnam 25 years to reach Malaysia.


Malaysia has sustained an average of just 1.2% annual GDP growth rate for the last 18 years. How soon Vietnam can “catch up” will be dependent on the speed of economic growth.

In any case, this is a Vietnam Economic News thread, so I will post news that are related to Vietnam. If you want to post about Malaysia you can start your own thread about Malaysia.

[DaiViet]

Life expectancy of East and Southeast Asia according to World Health Organization. Generally these numbers go up as a country grows economically as nutrition improves, and people have greater access to health and medical care. More resources become available. Vietnam does well compared to countries of equivalent GDP per capita level. With time its life expectancy should rise above 80.

83.7 Japan
83.1 Singapore
82.3 South Korea
76.1 China
76.0 Vietnam
75.0 Malaysia
74.9 Thailand
70.6 North Korea
69.1 Indonesia
68.8 Mongolia
68.7 Cambodia
68.5 Philippines
66.6 Myanmar
65.7 Laos

[jungleland98]

Malaysia has sustained an average of just 1.2% annual GDP growth rate for the last 18 years. How soon Vietnam can “catch up” will be dependent on the speed of economic growth.

In any case, this is a Vietnam Economic News thread, so I will post news that are related to Vietnam. If you want to post about Malaysia you can start your own thread about Malaysia.

Um no again where did you get that number?You don't need to resort to lie to pull up that number.In the span of 8 years,it has been above 5% mostly with FY2017 being 5.9%.No problem posting news about Vietnam.What I do have a problem with is when you diss other ASEAN countries as though no one else is growing.You have to be accurate with your assessment as bias is bleeding through.I'm not Malaysian so it makes me more partisan.
https://screenshotscdn.firefoxusercontent.com/images/c85bff89-a19f-4ef9-8b3f-7adb2e08a9c5.png

[jungleland98]

Life expectancy of East and Southeast Asia according to World Health Organization. Generally these numbers go up as a country grows economically as nutrition improves, and people have greater access to health and medical care. More resources become available. Vietnam does well compared to countries of equivalent GDP per capita level. With time its life expectancy should rise above 80.

83.7 Japan
83.1 Singapore
82.3 South Korea
76.1 China
76.0 Vietnam
75.0 Malaysia
74.9 Thailand
70.6 North Korea
69.1 Indonesia
68.8 Mongolia
68.7 Cambodia
68.5 Philippines
66.6 Myanmar
65.7 Laos

https://screenshotscdn.firefoxusercontent.com/images/b0357ac6-4ec2-49cf-9630-3eb80a98a6eb.png
Healthcare ranking:Malaysia #49,Vietnam #160
Malaysia is most obese in ASEAN so no surprise.US is also relatively low and this is due to obesity.East Asian top the scores because of diet and same goes for Vietnam.Healthcare,poverty rate,malnourishment have less to do with this because Malaysia is higher in all of these 3 rankings to even CHINA.Even as of now,China is catching up to Malaysia in rankings/living standards yet alone Vietnam.I'm not taking anything away from Vietnam because it's an amazing feat but there is a such thing as over optimistic to the point of ignoring other country development.
https://screenshotscdn.firefoxusercontent.com/images/cb2fc0f4-76d9-44d8-ae15-bc6395a8f2e2.png


Poverty rate:Malaysia and Vietnam
https://screenshotscdn.firefoxusercontent.com/images/cc769e53-19b2-4ff0-b660-0f4d381bac78.png
https://screenshotscdn.firefoxusercontent.com/images/f4a6b5af-d00b-413c-ad52-317f615bcb23.png

[DaiViet]

Um no again where did you get that number?You don't need to resort to lie to pull up that number.In the span of 8 years,it has been above 5% mostly with FY2017 being 5.9%.No problem posting news about Vietnam.What I do have a problem with is when you diss other ASEAN countries as though no one else is growing.You have to be accurate with your assessment as bias is bleeding through.I'm not Malaysian so it makes me more partisan.


“ GDP Growth Rate in Malaysia averaged 1.21 percent from 2000 until 2018, reaching an all time high of 5.50 percent in the third quarter of 2002 and a record low of -5.90 percent in the first quarter of 2001.”

https://tradingeconomics.com/malaysia/gdp-growth


As I’ve said, if you want to post news about Malaysia economy start a Malaysia thread. Stop spamming this thread with your shit.

[DaiViet]

Some interesting rice stats. Rice is a staple in many Asian countries including Vietnam. Comparison of rice yield, Vietnam has the highest yield in SEA. Vietnam produces more rice than it consumes allowing it to be a net exporter of rice to countries that rely on food imports.

Source: https://ipad.fas.usda.gov/highlights/2015/06/Southeast_Asia/Index.htm

https://ipad.fas.usda.gov/highlights/2015/06/Southeast_Asia/images/Image5_000.jpg

https://ipad.fas.usda.gov/highlights/2015/06/Southeast_Asia/images/Image4_000.jpg

https://ipad.fas.usda.gov/highlights/2015/06/Southeast_Asia/images/Image3_000.jpg

[jungleland98]

“ GDP Growth Rate in Malaysia averaged 1.21 percent from 2000 until 2018, reaching an all time high of 5.50 percent in the third quarter of 2002 and a record low of -5.90 percent in the first quarter of 2001.”

https://tradingeconomics.com/malaysia/gdp-growth


As I’ve said, if you want to post news about Malaysia economy start a Malaysia thread. Stop spamming this thread with your shit.

You're confusing quarterly from annually.Adjust it to annual in tradingeconomics.Same source and wesbite as yours.It's not spamming if you're talking about other countries and spewing wrong info
https://tradingeconomics.com/malaysia/gdp-growth-annual
https://screenshotscdn.firefoxusercontent.com/images/109c57a8-38ee-4c42-bf5b-24641391a56d.png

"The Malaysian economy grew 4.5 percent year-on-year in the second quarter of 2018, following a 5.4 percent expansion in the previous three-month period and missing market consensus of 5.2 percent. It was the weakest growth rate since the fourth quarter of 2016, as net external demand contributed negatively to GDP growth, while private consumption, investment, and government spending continued to increase at a solid pace. On a quarter-on-quarter seasonally-adjusted basis, the GDP rose by 0.3 percent in the second quarter, the smallest advance since the first quarter of 2013. GDP Annual Growth Rate in Malaysia averaged 4.80 percent from 2000 until 2018, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009."

[reptilexero1]

“ GDP Growth Rate in Malaysia averaged 1.21 percent from 2000 until 2018, reaching an all time high of 5.50 percent in the third quarter of 2002 and a record low of -5.90 percent in the first quarter of 2001.”

https://tradingeconomics.com/malaysia/gdp-growth


As I’ve said, if you want to post news about Malaysia economy start a Malaysia thread. Stop spamming this thread with your shit.
Eh you're on the wrong here dude. You can't expect other people to not respond if you talk about other country and post misleading info on that country. Regardless, I've been to both Kl and Saigon before and all I can say it's a bold claim for Vietnam to surpass Malaysia in the future. I mean 3 decades ago when Malaysia was in the same position of Vietnam, it was growing between 8%-10% annually from 80s to 90s.Unless Vietnam grew above 8% which they haven't yet,you're being over optimistic here.

[DaiViet]

“Three infrastructure projects between a Vietnamese and an Indonesian enterprise with total investment to the tune of US$300 million have been signed in the presence of Vietnamese Prime Minister Nguyễn Xuân Phúc.

According to the agreement, Nikko Sekuritas Indonesia, one of Indonesia’s biggest investment banking firms, and the construction company Licogi 16 JSC of Việt Nam will together implement two construction projects in Indonesia – a $50-million financial tower in Jakarta and a 6.7km highway with estimated capital of $200 million – marking the first time a Vietnamese enterprise has conducted an infrastructure project in the neighbouring country.

At the same time, Nikko would invest $50 million into Licogi 16’s 50MW solar energy project in central Việt Nam.”

https://vietnamnews.vn/economy/467753/vietnamese-enterprise-to-conduct-250m-infrastructure-projects-in-indonesia.html#IJMY80SGus0uig4S.97

[DaiViet]

Vietnam GDP growth was 7.1% for 2018

“Vietnam’s growth accelerated in the fourth quarter, as stronger manufacturing output helped the economy remain one of the world’s best performers.

Gross domestic product grew 7.3 percent in the three months through December from a year earlier, and was up from a revised 6.82 percent in the previous quarter, the General Statistics Office said in Hanoi Thursday. Economic growth for the full year was 7.1 percent, compared with the median estimate of 6.9 percent in a Bloomberg survey of 12 economists.”

https://www.bloomberg.com/news/articles/2018-12-27/vietnam-s-economy-remains-outperformer-as-growth-tops-7-mark