Asian nations to ink big Chinese-backed trade deal on Nov. 15, covering around a third of the world's population

[Song Hong]

The Northern Vietnam is now a technology powerhouse compared to the South precisely because of proximity to Chinese supply chain.

In the long run, I see the economic center of Vietnam moving back north.

There is no technology in the South, Saigon is merely a NYC.

 

[Viva_Viet]

The Northern Vietnam is now a technology powerhouse compared to the South precisely because of proximity to Chinese supply chain.

In the long run, I see the economic center of Vietnam moving back north.

There is no technology in the South, Saigon is merely a NYC.

Yep,thats true, many guys in Saigon come to the North to work for Samsung,LG and get 3,000-5,000 usd per month bcs those engineers dont have a chance to work for Samsung, LG R&D centers if they still living in the South.

 

[Song Hong]

There was a time when the South Vietnamese ridicule the North Vietnamese for being stupid in managing economy. Now no one in the South is mentioning this any longer.

Samsung R&D were located mostly in the North.

Meanwhile the all the important military R&D are mostly in the North (few in the South), for example Viettel. Core indigenous private R&D is in the North such as Vinsmart, Vinfast...etc.

At this moment the South has better malls, nicer appartment because South was the banking center. And the Northern faction cannot really control the South fully. So a lot of foreign money flooded in.

Yep,thats true, many guys in Saigon come to the North to work for Samsung,LG and get 3,000-5,000 usd per month bcs those engineers dont have a chance to work for Samsung, LG R&D centers if they still living in the South.

 

[Viva_Viet]

There was a time when the South Vietnamese ridicule the North Vietnamese for being stupid in managing economy. Now no one in the South is mentioning this any longer.

Samsung R&D were located mostly in the North.

Meanwhile the all the important military R&D are mostly in the North (few in the South), for example Viettel. Core indigenous private R&D is in the North such as Vinsmart, Vinfast...etc.

At this moment the South has better malls, nicer appartment because South was the banking center. And the Northern faction cannot really control the South fully. So a lot of foreign money flooded in.

I strongly believe that VN will replace CN to become new manufacturing hub. North VN have so many advance to achieve the goal, such as much lower labor cost, FTA wt EU, no trade war wt US.

LG,Samsung, Panasonic, Luxshare, Pegatron r already in VN. More and more factories will leave CN and come to VN. Thats why Hai Phong alone ( where having Vinfast's HQ) is building more 15 industrial zones to welcome the investors.

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[shi12jun]

No RCEP in India is better

 

[ILC]

I still don't get how Australia and China signed this deal. Blocking Huawei, and Australian raw materials, or wine in retaliation is free trade

 

[Viva_Viet]

I still don't get how Australia and China signed this deal. Blocking Huawei, and Australian raw materials, or wine in retaliation is free trade

Huawei is spy group, even VN also dont let Huawei 5G in.

So, CN will use "backdoor" to negotiate wt Aussie to save face, CN will secretly accept Aussie keep blocking Huawei while import Aussie's raw material secretly, too.

 

[Han Patriot]

Finally, 8 damn years. It should be signed years ago without India.

Only the most stupid org will drag India into multilateral trade negotiation in future.

China disliked India in RCEP for good reasons.

Those idiots screw up everything they do. Finally done.

 

[Viva_Viet]

Those idiots screw up everything they do. Finally done.

Actually, CN badly nid India market to keep jobs for factories workers, specially during trade war, thats why u guys keep negotiating and hope India will join.

But India never fall into ur trick, they r happy to see ur factories r forced to closed due to high labor cost and trade war.

CN manufacturing sector is dead due to India refused to join, thats why VN just open at least 15 new industrial zones to welcome investors leave CN and move to VN. Investors see no hope when staying in CN any more

 

[dbc]

No RCEP in India is better

Yes of course because Indian producers are uncompetitive - less developed nations Myanmar , India are at a disadvantage. It's a smart move by India. I'm on the fence on Indonesia and Vietnam. Only time will tell...

 

[Beidou2020]

Those idiots screw up everything they do. Finally done.

They don’t want to develop themselves and they want to stop the progress of others. Miserable bunch.

 

[striver44]

Yes of course because Indian producers are uncompetitive - less developed nations Myanmar , India are at a disadvantage. It's a smart move by India. I'm on the fence on Indonesia and Vietnam. Only time will tell...

I think its ok

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[Avatar]

That is right for India. But small ASEAN nations will need to onboard on the Chinese bandwagon to further material well being.

Yes, it is unfortunate for these smaller nations that they lack a unifying cohesive agency to secure their self interests when dealing with the big brother. Most nations in this pact have little say for their own economic well being and lack of any viable alternative. Maybe we might see an economic coalition among nations left out of this treaty and those who dont want to commit all their eggs to a single Chinese basket.

 

[Han Patriot]

Actually, CN badly nid India market to keep jobs for factories workers, specially during trade war, thats why u guys keep negotiating and hope India will join.

But India never fall into ur trick, they r happy to see ur factories r forced to closed due to high labor cost and trade war.

CN manufacturing sector is dead due to India refused to join, thats why VN just open at least 15 new industrial zones to welcome investors leave CN and move to VN. Investors see no hope when staying in CN any more

Let's wait and see man, when the AI and automation robots kick in, we will see if cheap Vietnamese labour can compete. We already have a few dark factories with almost no lights switched on. 100% automated with only skeleton maintenance crew.

 

[Viva_Viet]

Let's wait and see man, when the AI and automation robots kick in, we will see if cheap Vietnamese labour can compete. We already have a few dark factories with almost no lights switched on. 100% automated with only skeleton maintenance crew.

Yeah. But using robot in garment, shoes , airpod assembly factories is even more expensive than using workers wt 300-430 USD per month.

For phone/car factories, then Samsung ,VinFast also use robot , workers just do checking and testing plus packing .

And even when Samsung also use robot to manufacturer phones, but they still move to VN due to high labor cost, plus trade war in CN, bro.