Vietnam Economic News

[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.

[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/Fisca...nt+Procurement

[DaiViet]

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

[Selurong]

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

Cool 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).