Trade war buoys apparel industry in Bangladesh and Vietnam

[Shahzaz ud din]

These are very easy fix only if you think yourself a 3rd world country instead of a super power.

 

[Nilgiri]

Garment is not hightech. Chinese can’t compete with low wages in countries as Vietnam and Bangladesh. They can’t cut wages. Even if they can lower production costs by installing more machinery they can’t compete with Vietnam because we also install machinery too.

Likely Vietnam....but BD trends are not good if you look at the actual capital goods import levels right now (that were promised/projected 3 years ago). 2020 is really maybe 1st year we can start actually debating any such effect for BD.

 

[Viet]

Likely Vietnam....but BD trends are not good if you look at the actual capital goods import levels right now (that were promised/projected 3 years ago). 2020 is really maybe 1st year we can start actually debating any such effect for BD.

It’s important to stay focused. Situation changes with the times,so the fate of a nation. Vietnam in the 1980s was dirty poor, poorer than any country on the planet. GDP per capita lower than 100 USD per year. We had to import rice. People were hungry and desperate. In my opinion Bangladesh has great potential she should stay focused. Encouraging women to join in the economy as BD is doing now is the right path.

 

[TopCat]

It’s important to stay focused. Situation changes with the times,so the fate of a nation. Vietnam in the 1980s was dirty poor, poorer than any country on the planet. GDP per capita lower than 100 USD per year. We had to import rice. People were hungry and desperate. In my opinion Bangladesh has great potential she should stay focused. Encouraging women to join in the economy as BD is doing now is the right path.

VN is a big country with a lot of resources and surrounded by prosperous economy and attracted a lot of FDI. It was easier for VN as it could accelerate only by opening up.
BD case is different, it had to accumulate its own capital from internal wealth building, and so had to go slow in the initial years. Its only recently BD economy took off. But one positive thing about it is that it is taking off from a relatively higher base. Also it does not have to rely much on FDI.

 

[UKBengali]

@Viet
@TopCat

You both make good points.

BD and Vietnam had to start from scratch in the 1970s due to our history's.
Vietnam has massive advantages in energy resources and being next to East Asia.
Growth for both countries is predicted to be high till 2030. The future looks bright for both countries.

 

[Viet]

VN is a big country with a lot of resources and surrounded by prosperous economy and attracted a lot of FDI. It was easier for VN as it could accelerate only by opening up.
BD case is different, it had to accumulate its own capital from internal wealth building, and so had to go slow in the initial years. Its only recently BD economy took off. But one positive thing about it is that it is taking off from a relatively higher base. Also it does not have to rely much on FDI.

As developing country you need FDI. The more the better. True VN has lots of natural resources but exploitation needs money and technology.without external money and foreign expertise it’s difficult to impossible to make anything.

Yes we have natural resources. For instance titanium reserves, worth on paper: $4 trillion. But we need foreign technology to tap the wealth by minimum cost, minimum environment cost.

Or the oil and gas in the SCS, worth $500 billion. We can exploit it when US warships harass Chinese destroyers.

Yes VN receives Fdi but it’s too low. $30 billion a year something.

Singapore attracts $60 billion a year. China $120 billion.

Vietnam needs at least the level of Singapore over the next 10 years.

Different countries different approaches though. Take Thailand. The country is more developed. But Vietnam has own car industry, smartphone industry, etc while the Thai only produce for foreigners. Vietnam is poorer than Thailand now but the chance is higher we will become developed status before Thailand. In 15 years as per plan of the government.

Having said that, certainly BD can take different approach. Japan has zero natural resources but she is rich.

 

[bluesky]

LOL...What a mega troll...

Now a supa pawa bangali will tell us what to do

@TopCat is right about what he said about making peace with India. I propose also that Pakistan downsizes its military subsequently to provide funds for investment in the industries and agriculture.

Yes VN receives Fdi but it’s too low. $30 billion a year something.

bangladesh so far has attracted a mere $2 billion a year in average.

 

[Dubious]

@WebMaster @Horus @The Eagle @WAJsal @waz @Dubious

I tried reporting this post but I still see it here so can I reply by saying,

My machi bongi duffer, first of all I'm not a Punjabi but from Sindh where several lungi deshi "wanna be whites" illegally resides and do their p0.n business. And yes we are arrogant, now tell me what can a bangli machi do about it? If Pakistanis are known as terrorists (which I never heard of) bangli are known as cheap smelly and ugly brothels. You may not be taliban, but you are bongli lungi who was a mutkia terrorists and your freedom is owed to your master india. Now go pole vault into India so you can feed yourself in Indian jail.

I think @waz banned him!

 

[waz]

I think @waz banned him!

Lol yes he's banned, for life this time. He trolls horribly on here and his other post was the final straw.
@American Pakistani

 

[American Pakistani]

@TopCat is right about what he said about making peace with India. I propose also that Pakistan downsizes its military subsequently to provide funds for investment in the industries and agriculture.

Lol, what times have come that now Bangladesh and Afghanistan will tell us what to do.

Did you read my post that I replied earlier? It is not Pakistan that is shying away from peace with india or Afghanistan but it's the other way around.

And for that second proposal, I can only say...dhobi Apnay yaar ko bhi dhobi banayega. You live on mercy of third world India and it is like a giant and master to you folks, and you guys are now proposing Pakistan to follow you...lol. Pakistan rather live with short of money than to bow to your master's hegemony, at least Pakistan is a regional power along with your master, a title you can never acheive unless authorized by India.

 

[bluesky]

Lol, what times have come that now Bangladesh and Afghanistan will tell us what to do.

Is not PDf a discussion forum? Here I expressed my opinion, but you got emotional for this tiny expression, as usual. I wonder if you are fit to discuss a topic. Do I here represent Bangladesh? I am just a common and poor street man and not a politician. So, keep you cool, but I believe what I said earlier that Pakistan is in need of belt-tightening by limiting its wastages and speed up its development. The national development process requires resources and it is a non-starter to waste that precious money on non-development things.

 

[American Pakistani]

Is not PDf a discussion forum? Here I expressed my opinion, but you got emotional for this tiny expression, as usual. I wonder if you are fit to discuss a topic. Do I here represent Bangladesh? I am just a common and poor street man and not a politician. So, keep you cool, but I believe what I said earlier that Pakistan is in need of belt-tightening by limiting its wastages and speed up its development. The national development process requires resources and it is a non-starter to waste that precious money on non-development things.

Your past posts does not qualify you of being a serious debater, plus the wording sounds pure sarcastic and troll.

But still I explained you the answer for your confusion.

 

[bluesky]

Did you read my post that I replied earlier? It is not Pakistan that is shying away from peace with india or Afghanistan but it's the other way around.

Peace does not just come by with a wish to visit by your PM. Many homework is to be worked out to establish a working relationship with your neighbor.

And for that second proposal, I can only say...dhobi Apnay yaar ko bhi dhobi banayega. You live on mercy of third world India and it is like a giant and master to you folks, and you guys are now proposing Pakistan to follow you...lol.

Do you think it is proper to make a tart answer to a proposal and with such a disdain? If you talk about myself I am used to accepting disdain from others because I could not be equal to them in education, money or family status.

But, provided a good leadership is there a country has an almost unlimited prospect to grow. So, it is not wise to disdain other countries so easily. For a nation, it is necessary that it surmounts its weak emotion to achieve a better future for its citizens. BD is going through this process, but Pakistan has lost its opportunity by thinking wishful macho. To me, this machoism is essentially a DHOBI culture which is pulling you down.

By the way, what happened to that $33 billion US money? Already eaten up by your macho military, is not it?

 

[SBUS-CXK]

Garment is not hightech. Chinese can’t compete with low wages in countries as Vietnam and Bangladesh. They can’t cut wages. Even if they can lower production costs by installing more machinery they can’t compete with Vietnam because we also install machinery too.

our industrial scale... OK, congratulations to Bangladesh and Vietnam.

 

[Nilgiri]

It’s important to stay focused. Situation changes with the times,so the fate of a nation. Vietnam in the 1980s was dirty poor, poorer than any country on the planet. GDP per capita lower than 100 USD per year. We had to import rice. People were hungry and desperate. In my opinion Bangladesh has great potential she should stay focused. Encouraging women to join in the economy as BD is doing now is the right path.

Well all I am saying is lot of things with BD remain on "wait and see" mode.

Remember that things done now are important for the scenario unfolding 3 - 5 years later on the ground (given how business lag and cycles work). And the "now" has lot of problems that for political reasons are not being addressed in BD (unlike Vietnam which addressed them 10 - 20 years ago).

We both know about Vinfast right? For something like that, you can show me what VN govt charges as excise duty rate. Then I can quote you what the level is for Indian automotive industry. But when we come to Bangladesh, it will truly shock you as to the level (and why it is kept at that level).....hint: its 3 figures %!

It is all part of a scheme by their politicians to keep labour pool in only one industry (RMG) so its easily controlled and extracted from and bargained with. This self-inflicted lack of diversification is major problem that will only grow in BD (along with commensurate investment into optics propaganda like "women labour participation" and "micro-credit"). Already there is real household income decline for example:

https://opinion.bdnews24.com/2017/12/18/where-did-the-benefits-of-economic-growth-disappear/

You ever seen such in Vietnam during past and current growth phase? Let's be honest here. This is precisely why there is no true "advantage" being gained in BD case when its political party self-ticks (rather than genuinely humbly achieves and keeps going) the traditional industrialisation benefits (for political purposes)....and futher helped by there being less than 100k foreigners (and much much less when you subtract Indians visiting ancestral areas) visiting the country each year to give any real 3rd party fact check (unlike say proper industrialising countries). I mean is it really that good to have more woman in the labour force if real household income (something waaay more important) is declining? Macroeconomic policies and pragmatic results matter!...not cherrypicked numbers taken out of context (esp for cross comparison with other countries)!

You have to remember that Vietnam has one party rule, but that party puts the country first. In BD....the party puts itself first (and puts country near last...and only regarding things that helps the party). That is a very key distinction (and it counters very hard the narrative some BD people here like to shout that mono-party "stability" is good for BD). It for example shows in all I said so far, plus the ease of doing business in Vietnam compared to BD (and the fact BD is stagnating and BD govt not concerned in any pragmatic way to improve it, since it would mean loosening grip of its tentacles on its business people/bribing/propaganda chains):

https://en.wikipedia.org/wiki/Ease_of_doing_business_index#Ranking

@Marine Rouge @Major Sam @GeraltofRivia @Sanchez @Atlas @Mage @Tanveer666 @Aung Zaya