Vietnam Economic News

[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.

1497323a-4472-4c64-8e1a-75bc7257f390.png

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

[DaiViet]

1497323a-4472-4c64-8e1a-75bc7257f390.png

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.

[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.

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.