In Asia infrastructure race Vietnam is among the leaders

[Zaahir]

so the vietnamese communists and indians are prone to use % to hail for their much smaller economies

Just like if you are earning 12000 rupees pa, 20% is a BIG RAise in salaries
If you are earning 2 million dollars a year, getting a raise of 100 grand or 5% is much paler to the rupee-earners %-wise. You don't need to know who is laughing to the banks, do u?

Ok smarty pants. 7th largest economy in the world in nominal terms and 3rd largest in PPP. Doesn't look small to me or to most people outside China. And, by the way- if you revisit basic mathematics you might realize that the 12000 growing at 20% will eventually overtake the 2 million dollars growing at 5%. Have some patience.

 

[Viet]

so the vietnamese communists and indians are prone to use % to hail for their much smaller economies

Just like if you are earning 12000 rupees pa, 20% is a BIG RAise in salaries
If you are earning 2 million dollars a year, getting a raise of 100 grand or 5% is much paler to the rupee-earners %-wise. You don't need to know who is laughing to the banks, do u?

The article is not produced by Vietnamese communists nor someone from India but capitalistic pig Bloomberg, citing Asian Development Bank.

What's with all the butthurt comments, %GDP spent is a good indication of the commitment and drive of a nation to improve the livelihood of its people. With this level of commitment, it won't be long before VN is near the top in absolute values as well, at least when compared to countries of similar size.

Bingo!

 

[Nike]

What's with all the butthurt comments, %GDP spent is a good indication of the commitment and drive of a nation to improve the livelihood of its people. With this level of commitment, it won't be long before VN is near the top in absolute values as well, at least when compared to countries of similar size.

some Country using higher percentage of their budget to increasing the quality level of their population (health, education, security, and other). Other had been too advanced and coupled with lower density og population made any increase in infrastucture expanding project is economically unfeasible

 

[Tshering22]

if one compares the pictures of VN in the 1990s to today, it is a remarkable transformation. from one of the poorest countries on the planet. I remember back then we had not enough food to eat, nor enough electricity to light up the streets. I believe you made several visits to VN and notice the change too?

You have a beautiful country with immense potential. Congratulations on the achievements and keep working towards your development goals. India will always stand by our Vietnamese friends. Trade and trust go hand in hand.

 

[Viet]

You have a beautiful country with immense potential. Congratulations on the achievements and keep working towards your development goals. India will always stand by our Vietnamese friends. Trade and trust go hand in hand.

Thanks that is very kind. Without major devastating wars, followed by economic sanctions, I believe Vietnam would have achieved today the level of prosperity of Korea and Japan. although we still have lots of problems with all deficiencies I think we are on the right path. Wishing India all the best.

 

[faithfulguy]

so the vietnamese communists and indians are prone to use % to hail for their much smaller economies

Just like if you are earning 12000 rupees pa, 20% is a BIG RAise in salaries
If you are earning 2 million dollars a year, getting a raise of 100 grand or 5% is much paler to the rupee-earners %-wise. You don't need to know who is laughing to the banks, do u?

Indians are a step better. They use PPP GDP value and brag about having the third largest economy, when in cumulative terms, GDP PPP is a useless number.. PPP GDP per capita, however, is useful.

 

[Keel]

Ok smarty pants. 7th largest economy in the world in nominal terms and 3rd largest in PPP. Doesn't look small to me or to most people outside China. And, by the way- if you revisit basic mathematics you might realize that the 12000 growing at 20% will eventually overtake the 2 million dollars growing at 5%. Have some patience.

It is ridiculous and history tells us patience is short-lived.
Just tell me which and when an economy is growing at 20% year on year.
The 7th economy is still a small economy particularly when you see the size of the population. That means a lot of people in the economy is not contributing or not significantly to the GDP.
One thing you may be right: future tenses forever!

 

[AndrewJin]

Ok smarty pants. 7th largest economy in the world in nominal terms and 3rd largest in PPP. Doesn't look small to me or to most people outside China. And, by the way- if you revisit basic mathematics you might realize that the 12000 growing at 20% will eventually overtake the 2 million dollars growing at 5%. Have some patience.

I don't know how you do your maths.
I know China adds an entire india's GDP every 3 years.
And Western China, the poorest region in China, is a 2 trillion dollar economy growing at 8% annually. (And 8% is more than what India is growing atm).

 

[Zaahir]

It is ridiculous and history tells us patience is short-lived.
Just tell me which and when an economy is growing at 20% year on year.
The 7th economy is still a small economy particularly when you see the size of the population. That means a lot of people in the economy is not contributing or not significantly to the GDP.
One thing you may be right: future tenses forever!

Mr. Intelligent. 20% is the number quoted by you in your post. I did talk not talk about any economy growing at 20%. Did you forget to read properly in all the excitement? And sweetheart..per capita gdp is not the question or concern here which is what you imply by the population argument. Going by that population argument China has a lot to do before coming any where close to the US given your population -possibly decades. I guess you still have a lot of unproductive people eh!

I don't know how you do your maths.
I know China adds an entire india's GDP every 3 years.
And Western China, the poorest region in China, is a 2 trillion dollar economy growing at 8% annually. (And 8% is more than what India is growing atm).

I heard Chinese are good at Math. But i know there are exceptions. I give you a simple example for easier comprehension. Open an excel sheet. Take 100 in 1 row and compound it by 5% in subsequent cells. Take 50 and compound it by 20% likewise. Voila! After some compounding you will realise with a lot of disbelief and surprise that 50 will soon overtake 100. Try it!

 

[Keel]

Mr. Intelligent. 20% is the number quoted by you in your post. I did talk not talk about any economy growing at 20%. Did you forget to read properly in all the excitement? And sweetheart..per capita gdp is not the question or concern here which is what you imply by the population argument. Going by that population argument China has a lot to do before coming any where close to the US given your population possibly decades. I guess you still have a lot of unproductive people eh!

I was using 20% arbitrarily.
We still have about 50 million folks who suffer abject poverty.
But we are working hard on that more than anyone else in the universe.
Per capita GDP is irrelevant here when the topic was on "growth rate of infrastructures".

I am ending our conversation here.

 

[rott]

@Viet i appreciate Vietnam's infrastructure development. But the article is very biased and brainwashing. It is very similar to indian media.

 

[Viet]

@Viet i appreciate Vietnam's infrastructure development. But the article is very biased and brainwashing. It is very similar to indian media.

Bloomberg as biased and brainwashing media? you have humour. ok Bloomberg is generally very bullish on Vietnam, while Reuters more less enthusiastic. but why biased and brainwashing? both VN and India still lack of modern infrastructure if compared to neighbours, thus higher percentage spending is understandable. and as the articles assumes VN spends more on infrastructure because it wants to lure investors. Look at the figures for Q1:

• Manufacturing 8.3 percent plus

• Exports 12.8 percent plus

• Imports 22.4 percent plus

• Retail sales 9.2 percent plus

• Tourist arrivals 29 percent plus

• FDI 91.5 percent plus

 

[Zaahir]

Your grasp of economic maths is mind-blogging, so linear, so simply, so out of context,
you can win a Nobel prize now.

Please enlighten me, how can an economy growing at 7% be compared to Western China at 8%, considering both are 2 trillion economy?

China's top 2 provinces combined are more than 2 trillion dollars, also growing at more than 8%.....




Yep, supa powan's maths knowledge on economics is so amazing....

Same growth rate forever?
LMAO

I am totally speechless everyday facing those ignorant powans who dare to point this and that with 1000% confidence....

My dear Chinese Einstein. Your grasp of mathematics makes my jaw drop. Ok. let me try again. I hope you tried the little exercise i suggested earlier.
Nobody knows or cares about what western China grows at or what is it's size.There are some states in India growing in excess of 10%. What matters is the overall Chinese growth rate. As far as i know China is growing at around 6.5% this year.
So if western china is growing at 8% there would be many parts of China growing at 4 to 5% ( weighted average) pulling your overall rate downwards .

Therefore my dear friend as long as India grows faster than China overall. It will always catchup though it may take a long time given the differential is small.
I don't like chest thumping. I never said India is a super power or predict when it would be one.
But India doesn't need to be equal or exceed China in any way to be able to challenge it. As a top 5 global economy ( likely within the next 5 years) India will have enough heft to challenge China politically and in global influence.
I hope both countries are partners rather than adversaries but right now there are definitely a lot of friction points between the two.

 

[Shotgunner51]

Hi guys, let's stay on topic, focus on infra in Vietnam/Asia, thanks.

 

[Dungeness]

I am happy to see Vietnam is on the right track of building its infrastructure and manufacturing capacity, and I think Vietnam will enter into higher development stage earlier than India.

Vietnam might just serve as an important testimony of "Chinese Model" or "Beijing Consensus", as Vietnam's political system and governance are just like China's. It would have a fundamental significance to the world if that happens, as it proves that so called "Chinese Model" can be duplicated outside of China.