Discrepancy between GDP and GNI of Asian countries

[FairAndUnbiased]

well speaking the truth i am more a technical person rather than follow the trends girls who keeps yawn-yawn and giggling around with others in some cafetaria or boutique, err it's maybe only me and my statement above is very subjective and i am speaking very openly and sometimes very abusive for someone who doesn't know me long enough and that's not only happened in virtual world but in reality too.

I pull out an iPhone, lots of girls turn their heads. I pull out a cheap Nexus, only girls like you turn their heads.

 

[Nike]

I pull out an iPhone, lots of girls turn their heads. I pull out a cheap Nexus, only girls like you turn their heads.

haha i found Leopard2A4 is a more interesting stuff and toys than a Ferrari Spider

 

[nufix]

well speaking the truth i am more a technical person rather than follow the trends girls who keeps yawn-yawn and giggling around with others in some cafetaria or boutique, err it's maybe only me and my statement above is very subjective and i am speaking very openly and sometimes very abusive for someone who doesn't know me long enough and that's not only happened in virtual world but in reality too.

Selow tante mado.

Well the prestige of a person is defined by the people around him/her. For a person who lives in a society that favors technological advantage over brand like a group of people that work in a tech-based working environment, the prestige will be defined by that person's ability to judge a phone's technical superiority. But people like my father, who makes money from hunting new oil fields in african deserts and tropical jungle for weeks or leading a group of geologists in drilling operation on seas, a though and durable phone yet technologically stone age is a choice (he would be called stupid if he brought a samsung or iphone with him to work), oftenly he uses only radio since there's no network coverage in jungle or deserts. But for people like me or my sisters, being surrounded by party-goers and shoppers, having an iPhone is a must. So, we have to be a little bit objective on that.

 

[FairAndUnbiased]

haha i found Leopard2A4 is a more interesting stuff and toys than a Ferrari Spider

i would agree but society doesn't. even among academic researchers they care alot about brands and stuff. i find it insane but what do i know?

 

[alaungphaya]

No that is not the case. Making the microchips is still just as hard as the design and there are many different types of microchips. ARM is an instruction set architecture. It is basically how the processor does math and process instructions electrically. The physical design layout (how to implement that in a physical semiconductor, what transistors to place where, how to power it, how to optimize design for best dataflow) is the "design" part. The physical fabrication is at a foundry, which involves an entirely different set of skills - materials science, physics, chemistry. It is not *easier* skills, it is different skills.

Let me make an analogy.

Mathematicians find out and establish the rules of math - how to add, how to subtract, etc.

Physicists use the rules of math and experiments/observation to establish facts of nature, properties of materials and radiation, etc and maybe design some simple devices with them (such as a p-n junction).

Engineers implement it all and use the basic devices (p-n junctions) and turn them into commercial products such as solar cells.

It's less value added tech/skills. Which is my point.

 

[FairAndUnbiased]

It's less value added tech/skills. Which is my point.

I disagree. Just look at the profits of ARM vs. Qualcomm or Intel. There you go. Value added is meaningless unless you also have market volume - and the market in instruction set architectures is pretty much saturated.

 

[alaungphaya]

I disagree. Just look at the profits of ARM vs. Qualcomm or Intel. There you go. Value added is meaningless unless you also have market volume - and the market in instruction set architectures is pretty much saturated.

Fair enough. I thought the physical manufacturing side was lower down the value chain.

 

[bolo]

This shouldn't come as any surprise. EVERY company does this to take advantage of tax loopholes, local conditions etc. Transfer pricing is just one of the tricks. I would be surprised if a company didn't try to pull this around every country.

It's like a casino. Entrepreneurs come to gamble with their money, try to game the house and leave when the party's over. Because there are more casinos than players, they overlook when players break the house rules in the hope keeping them in the casino and even provide free drinks to get them to stay.

The technical term is 'policy arbitrage' but in reality, the countries hope that they have unique characteristics that entices companies to stay. That's why countries set low to none corporate tax, set up tax holidays for new entrants and set up SEZ. But if the barrier to entry is low then so is the barrier to exit.

I can't speak for other countries but in Myanmar, the accounting rules are enforced to FAR stricter levels for foreign companies than to domestic. We also require new entrants to partner with a domestic partner as a form of control and oversight though that is starting to change. In the short run, it may discourage investment but it works out better in the long run IMO.

Ireland is a good example - they had the advantage of being an English speaking country and then they set corporate tax at very low levels. They attracted a lot of tech companies and now they're trying very hard stopping them from leaving. In the meanwhile, they had a property bubble, a banking crisis and enforced austerity measures. They're also under pressure to raise the corporate tax rate to ease these austerity measures. It's all very double-edged.


Edit: this is a weakness of shortsighted politicians btw. They set the conditions for this but they don't have the foresight to plan out the consequences. Probably because by the time their policies backfire, they'll be long retired.

The difference is that foreign companies do this scheme against countries that are not important for their survival. Vietnam is one such country.

 

[xesy]

I agree, it seems like a lot of the failure is the result of the shortsightedness of the politicians and leaders. Don't get me wrong, these foreign investors are no saints either and their no 1 priority is profits, but the politicians should have planned how they could fully take advantage of their investments and capitals. It was a chance to develop their infrastructure, adjust their policy and restructure their corporate governance not just for foreign investors, but also for their local companies to compete as well. It's been 28 years since their economic reform, thats plenty of time to smooth out any kinks and address these issues mentioned. All these recent news made it look like they've only began their reform a few years ago.

I hate to admit but you are right about that. The 1990s-2000s VN had made some impressive improvements, yet in just around 5 years (from 2008 onward), somehow our leaders set them all to the start. The problem lies with the leaders, and maybe the economy system itself.

 

[Aepsilons]

i would agree but society doesn't. even among academic researchers they care alot about brands and stuff. i find it insane but what do i know?

I'm guilty of this, @FairAndUnbiased . I guess academic researchers value brand names, as much as we value the "best" research tools available. Its funny, earlier this morning a fellow doctoral candidate in my program was talking to me about a sale on some Cole Haan loafers at our local Macy's. lol.

And I was guilty of giving him my ear, because I love Cole Haan and Ecco brands...

Selow tante mado.

Well the prestige of a person is defined by the people around him/her. For a person who lives in a society that favors technological advantage over brand like a group of people that work in a tech-based working environment, the prestige will be defined by that person's ability to judge a phone's technical superiority. But people like my father, who makes money from hunting new oil fields in african deserts and tropical jungle for weeks or leading a group of geologists in drilling operation on seas, a though and durable phone yet technologically stone age is a choice (he would be called stupid if he brought a samsung or iphone with him to work), oftenly he uses only radio since there's no network coverage in jungle or deserts. But for people like me or my sisters, being surrounded by party-goers and shoppers, having an iPhone is a must. So, we have to be a little bit objective on that.

@nufix , first impression is always key.

 

[henry he]

yeah we are useless and poor. let´s have a party
where are now all the chinese who claim vietnamese are actually chinese?

you are not chinese at all ,how can chinese people be so short and black and ugly ,,it is impossible ,you are traditional southeast asian! the standard ugly people, just better than monkey .

Beef $0.3/kg?? how about sheep?
u will be a rich guy if u can find a way to ship beef and sheep to China. Most of Chinese extremely love to eat sheep grill

beef $0.3/kg? are you kidding me? in my county it has been alomost $10/kg,

 

[William Hung]

Selow tante mado.

Well the prestige of a person is defined by the people around him/her. For a person who lives in a society that favors technological advantage over brand like a group of people that work in a tech-based working environment, the prestige will be defined by that person's ability to judge a phone's technical superiority. But people like my father, who makes money from hunting new oil fields in african deserts and tropical jungle for weeks or leading a group of geologists in drilling operation on seas, a though and durable phone yet technologically stone age is a choice (he would be called stupid if he brought a samsung or iphone with him to work), oftenly he uses only radio since there's no network coverage in jungle or deserts. But for people like me or my sisters, being surrounded by party-goers and shoppers, having an iPhone is a must. So, we have to be a little bit objective on that.

I'm guilty of this, @FairAndUnbiased . I guess academic researchers value brand names, as much as we value the "best" research tools available. Its funny, earlier this morning a fellow doctoral candidate in my program was talking to me about a sale on some Cole Haan loafers at our local Macy's. lol.

And I was guilty of giving him my ear, because I love Cole Haan and Ecco brands...





@nufix , first impression is always key.

It's nothing got to do with brand name, product power or prestige. It's all about your mimetic desire, which were heavily manifested in your previous two posts. And mimetic desire is the root of all human conflict.

haha i found Leopard2A4 is a more interesting stuff and toys than a Ferrari Spider

But humans are even more interesting than Leopard2A4. After all, Leopard 2A4 and Ferrari are all the product of human minds and hands.

 

[Aepsilons]

haha i found Leopard2A4 is a more interesting stuff and toys than a Ferrari Spider

he he, how cute. I bet you're one of those beautiful ladies that attend military shows...

I pull out an iPhone, lots of girls turn their heads. I pull out a cheap Nexus, only girls like you turn their heads.

lol. so if i get a nexus, ms. @madokafc will come and tap my shoulder to check out my settings?

**blushing**

 

[William Hung]

For foreign companies or individuals, the process to start a business in Vietnam is a bit more difficult than in western countries, but it depends a lot on the location; In Danang for example, they have a one stop center where you do all the paperwork, etc and you can be approved in just a few days if you already have a location for the company. In other provinces, it can be a lot more complicated and you might have to grease somebody's pocket to make things easier. The tax system for business is particularly complicated and regulations can change at any moment and without any notice or discussion with those affected by it.

Regarding government support, there are a lot of incentives if you are in the type of business activity that they want to promote. Government employees will be happy to moonlight for you to help you with the applications, paperwork, etc if they can get some money.

No such thing as low interest loans in Vietnam at the moment, they are too high as a consequence of anti inflation policies but they are coming down.

They just approved a big incentive package for support industries, but I think it will mainly be used by foreign companies. Local companies usually say that they can't compete with the prices required by Samsung, etc or can't make it in terms of specs. They usually give up without much trying. I think it will be mainly the Koreans and Japanese that will revamp the support industries.

Vietnamese people are quite business entrepreneurial for the most part, but the country is mismanaged by an incompetent, corrupted bureaucracy that permeates every aspect of life, Its a cancer and there is no solution on sight for that at the moment.

I hate to admit but you are right about that. The 1990s-2000s VN had made some impressive improvements, yet in just around 5 years (from 2008 onward), somehow our leaders set them all to the start. The problem lies with the leaders, and maybe the economy system itself.

Thanks for the reply... seems like they're making it hard for individuals or companies who wants to run a genuine successful business but at the same time it's easy for dodgy companies to cheat the system. Like the tax issue, seems like a headache to file tax but at the same time cheaters can play against the tax system without breaking a sweat.

The difference is that foreign companies do this scheme against countries that are not important for their survival. Vietnam is one such country.

I disagree. At the early stage of development, foreign investors always has the upper hand because the developing countries need them more than they need those countries. In the early developing stages, I also think China got taken advantage of. The difference is, can the govt take advantage of those foreign investors or not, to develop their own industry even if the foreign companies don't care.

 

[Viet]

you are not chinese at all ,how can chinese people be so short and black and ugly ,,it is impossible ,you are traditional southeast asian! the standard ugly people, just better than monkey .

ok, good to know your opinion. don´t come here and persuade us to join china. idiot
I made the point previously that some chinese posters claim they are chinese despite they are vietnamese.

But humans are even more interesting than Leopard2A4. After all, Leopard 2A4 and Ferrari are all the product of human minds and hands.

if you want to impress Ms madokafc, come with the Leopard 2 tank