Vietnam Economy Forum

[ChineseTiger1986]

I don't think Dung went to China to require for the assistant. Dung is a Vietnamese leader who against China and pro-US. Under his period, Vietnam changes the view toward US, at least He tried to make Vietnam less depend on China( so strange if he came to China to do something like you said) and turned blue light for the Vietnam media when talking about China. Any Vietnamese leader could come to China to required for the assistant but Dung is not.

Of course, there is a power struggle between different factions within the VCP.

The faction of the general secretary is generally preferred China's development model, while the president is neutral, and the premier always favors the US model.

 

[Viet]

Of course, there is a power struggle between different factions within the VCP.

The faction of the general secretary is generally preferred China's development model, while the president is neutral, and the premier always favors the US model.

In VN the power is shared between three man or women usually coming from three parts of the country north, center and south. The premier is usually from the south because the southerner manage the economy better.

I don't think Dung went to China to require for the assistant. Dung is a Vietnamese leader who against China and pro-US. Under his period, Vietnam changes the view toward US, at least He tried to make Vietnam less depend on China( so strange if he came to China to do something like you said) and turned blue light for the Vietnam media when talking about China. Any Vietnamese leader could come to China to required for the assistant but Dung is not.

During Vietnam War, I'm not strange when Vietnamese came to China to ask for assistance. Because they are similar in communist theory and one of the important partner who supports Vietnam war. But now, although China is 1st Vietnamese trade counterpart, Vietnamese leader is so careful

Cooperation yes, surrendering no. It is pointless to talk on philosophy, China is great while the US is bad or vice versa.

Seriously I think we should pay more attention to developing tourism industry. Look at countries as Spain, Singapore, HK, Japan or Thailand. That will create more jobs more income than planting rice. APEC in Da Nang is the chance that probably comes in a century.

 

[AViet]

Deleted

 

[ChineseTiger1986]

In VN the power is shared between three man or women usually coming from three parts of the country north, center and south. The premier is usually from the south because the southerner manage the economy better.

The southern premier needs to be politically monitored by the northern general secretary.

 

[Viet]

The southern premier needs to be politically monitored by the northern general secretary.

You don’t understand VN.

We have a system of „division of Powers”, „check and balance“ in place, that functions similar to western democracy. Yes the premier leads the government but basically he just follows the key policies set by the party chief or party central committee that acts as Senat in the western democracy. The body that controls the government activities is the parliament.

The politburo functions as National Security.

The army has a General in the government representing as defense minister. However the army is controlled by a civilian, the state president.

That stands in contrast to China with a man that controls the party, the government and the army.

 

[ChineseTiger1986]

You don’t understand VN.

We have a system of „division of Powers”, „check and balance“ in place, that functions similar to western democracy. Yes the premier leads the government but basically he just follows the key policies set by the party chief or party central committee that acts as Senat in the western democracy. The body that controls the government activities is the parliament.

The politburo functions as National Security.

The army has a General in the government representing as defense minister. However the army is controlled by a civilian, the state president.

That stands in contrast to China with a man that controls the party, the government and the army.

China during Hu Jintao's era also used this method, but the corruption had become rampant instead, and the gap of wealth inequality had also become bigger.

The authoritarian policy is not always bad, and it is extremely efficient in certain period, while the western democracy cannot cure everything, especially to solve the problems for the eastern countries.

 

[Viva_Viet]

China during Hu Jintao's era also used this method, but the corruption had become rampant instead, and the gap of wealth inequality had also become bigger.

The authoritarian policy is not always bad, and it is extremely efficient in certain period, while the western democracy cannot cure everything, especially to solve the problems for the eastern countries.

As old Cnese said: " if we want success, we need to gain 3 conditions : Heaven time, advantage location and people support.

Democracy or communist only help us to gain people support. CN has unimportant location while VN has a crucial location,so the sharing power policy is suitable for VN now it help VN communist party gain ppl support.

So, u can not use CN to compare with VN cos VN has advantage in location while CN has not (from VN, u can control the whole ASEAN region plus South of CN plus SCS(east sea) ) thanks to the restless fighting against the enemies of our fore-father . What u can control from CN location ?? Yeah, nothing but your own barren land only.

 

[TaiShang]

Vietnam, China vow to join hands to realize common prosperity

Xinhua, November 5, 2017

​

General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong(R) meets with visiting Foreign Minister Wang Yi, in Hanoi, Vietnam, Nov 3, 2017. [Photo/Xinhua]


Vietnam and China have pledged to seize the opportunities brought about by China's Belt and Road Initiative to achieve common development and common prosperity.

The pledge came when General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and Vietnamese Prime Minister Nguyen Xuan Phuc met with visiting Foreign Minister Wang Yi separately.

In his meeting with the Chinese foreign minister on Friday, Nguyen Phu Trong congratulated Xi Jinping on his re-election as the general secretary of the Central Committee of the Communist Party of China and the elevation of the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era into the party's guiding principles.

Nguyen Phu Trong said his country will learn from China's successful experiences to further push forward the development of its own socialist cause.

He said the forthcoming visit by President Xi Jinping to Vietnam shows that China attaches great importance to the comprehensive strategic cooperative partnership between the two countries and Vietnam is willing to work with China to further deepen cooperation between the two sides in all fields.

For his part, Wang Yi said Chinese President Xi Jinping, while meeting with Hoang Binh Quan, special envoy of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong days ago, noted that remaining true to the original aspiration and keeping the mission firmly in mind also apply to the development of China-Vietnam relations, both sides shroud view the China-Vietnam relations from a higher vantage point and a deeper level and firmly promote the building of a community of shared future.

The two countries should elevate the bilateral ties to a new high and open a new chapter for the comprehensive strategic cooperative partnership between the two countries by building a community of shared future, Wang said.

Vietnamese Prime Minister Nguyen Xuan Phuc(R) meets with visiting Foreign Minister Wang Yi, in Hanoi, Vietnam, Nov 3, 2017.[Photo/Xinhua]


Also on Friday, Vietnamese Prime Minister Nguyen Xuan Phuc met with the Chinese foreign minister. The prime minister said Vietnam and China are both socialist countries and Vietnam is willing to unswervingly stride forward along the socialist road with China.

He said to further consolidate the traditional and friendly ties and deepen cooperation in all sectors between the two sides are in the interest of both peoples and no forces can undermine the development of bilateral ties.

Wang said China's Belt and Road Initiative creates important opportunities for China and Vietnam to carry out pragmatic cooperation, which will accelerate the achievement of common development and common prosperity between the two sides.

In his meeting with the Chinese foreign minister on Thursday, Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh said Xi's forthcoming visit to Vietnam will become a new milestone in the communication history of the two parties and the two countries.

Pham Binh Minh said Vietnam values the friendly ties with China and will work with China to ensure Xi's visit a successful one.

Wang said Xi's forthcoming visit to Vietnam is the most important political agenda in the bilateral ties this year.

The Chinese foreign minister hoped that the visit will determine the development direction of the relations between the two parties and the two countries.

http://www.china.org.cn/world/2017-11/05/content_41848619_2.htm

 

[Viva_Viet]

Vietnam, China vow to join hands to realize common prosperity

Xinhua, November 5, 2017

Nguyen Phu Trong said his country will learn from China's successful experiences to further push forward the development of its own socialist cause.​

Mr.Trong also means that: Let Cn go first, if CN got success, we will learn, if she failed, we will be able to avoid same mistake

 

[Viet]

China during Hu Jintao's era also used this method, but the corruption had become rampant instead, and the gap of wealth inequality had also become bigger.

The authoritarian policy is not always bad, and it is extremely efficient in certain period, while the western democracy cannot cure everything, especially to solve the problems for the eastern countries.

I don´t say VN model is good and CN model is bad or vice versa, just stating we have different political systems.

 

[Viet]

New car maker to hit the road running
Update: November, 05/2017 - 09:00

VinFast CEO James B. DeLuca
Viet Nam News

The launch of production plans for the first-ever made-in-Việt Nam cars has ignited hopes of a big boost for the domestic auto and auto parts industries. Việt Nam News reporter Mai Hương spoke with VinFast CEO James B. DeLuca about the company’s market vision.

What does your company’s advent portend for Việt Nam’s auto industry?

The domestic automobile market is growing strongly with a double-digit rate from now to 2020, reaching total sales of about 450,000 to 500,000 vehicles, with expectations to reach 800,000 to 900,000 vehicles by 2025. With VinFast’s entry, we believe that domestic automobile market will experience even stronger growth.

There are high hopes for the first ever made-in-Việt Nam car. Please tell us about VinFast’s production plans.

As planned, VinFast will launch its first Sedan and SUV in September 2019, targeting sales of 100,000 vehicles in the first year of operation and 500,000 units by 2025. With the guidelines of adapting to new and environmental friendly technologies, VinFast will apply the most modern technologies in the world to production, ensuring strict compliance with Euro 5 and Euro 6.0 emission standards; at the same time, we will maximize the use of green energy in our production process at the factory.

To accomplish these objectives, we have been building a team of highly experienced professionals in automobile manufacturing. In addition, VinFast has also cooperated with world leading corporations such as Boston Consulting Group, Bosch and Siemens in the project planning process, for equipment and component supply, and digital-based plant operations.

VinFast is also co-operating the German Chamber of Industry and Commerce in Việt Nam to set up a leading training center for mechatronics and industrial mechanics in the Southeast Asia, following the German Dual System (Learn & Practice) standards so as to prepare high-qualified engineers to work in the factory, ensure proficiency in operation of modern production lines as well as the ability to receive technology transfers from partners.

With careful and systematic preparation, I am very enthusiastic and look forward to launching the first two sedans and SUV models of VinFast.

Taking shape: vinfast car models of Ital Design


There is speculation that VinFast is targeting high-end cars. Why not the lower market segment to meet broader consumption demand?

By applying the most advanced technologies, VinFast will manufacture vehicles of international quality at reasonable prices for domestic market, ensuring that the majority of Vietnamese people can own a car.

It is also said that designs of key components will be purchased from leading European and American designers. What parts and components will Vietnamese companies produce for VinFast?

VinFast will always endeavor to build close relationships with domestic partners and suppliers, aiming at gradually achieving a localization rate of 60 per cent. Our plan is to prioritize the purchase of “made-in-Việt Nam” parts that meet technical criteria set by VinFast, and assist other domestic suppliers in further accelerating the production of automotive parts using the most modern technology. In particular, VinFast will reserve 30 per cent of the area for suppliers at the VinFast Automobile Manufacturing Complex in Đình Vũ-Cát Hải Economic Zone in Hải Phòng City. We have held many meetings and discussions on this topic recently.

VinFast has said it aims to become the leading automobile manufacturer in Southeast Asia. What will make your products stand out from others?

Our products will be manufactured in compliance with international standards, from car body to motors, mechanical systems, technologies, and interior decoration. We have a clear direction to create a series of safe, high-quality, luxurious and premium cars that meet consumers’ tastes. All production stages will be directly operated by leading manufacturing experts and technologies. So, we believe that our products will compete well with other products of similar type in the world.VNS

 

[TaiShang]

Alibaba to support Vietnamese SMEs, help create employment
Source:Global Times Published: 2017/11/7

Alibaba Group Holding said it will help nurture the e-commerce market in Vietnam to create jobs for young people in the country.

Alibaba Chairman and founder Jack Ma Yun told a forum in Hanoi, Vietnam's capital, on Monday that Alibaba will help Vietnam create an ecosystem to assist local small and medium-sized enterprises (SMEs), which is Alibaba's "strategy and vision," according to a press release the company sent to the Global Times on Tuesday.

Alibaba will help young people in Vietnam start businesses and find jobs through e-commerce, Ma told the forum.

Alibaba aims to ensure every SME in every country can use the Internet to achieve sales, payments and deliveries around the world.

Ma told more than 3,000 Vietnamese college students the same day at a meeting in Hanoi that "about 54 percent of the people in Vietnam have smartphones, but many of them use their phones to play online games. You should start to play the best online game - doing business online," said the press release.

Vietnam has 94 million people and 54 percent use the Internet, but only 4 million people shop online and more than 90 percent of transactions are made in cash, the document said.

Ma noted that Vietnam has not built up credit card, mobile payment and logistics systems, but these are opportunities for young people.

Ma said that Vietnam is expected to focus initially on the establishment of e-commerce infrastructure and support the growth of the sector.

http://www.globaltimes.cn/content/1074019.shtml

 

[TaiShang]

China to provide emergency aid to typhoon-hit Vietnam
Xinhua, November 10, 2017

BEIJING, Nov. 10 (Xinhua) -- China has offered to help the Vietnamese government with its rescue efforts and relief work after Typhoon Damrey brought huge losses to the country, the Ministry of Commerce (MOC) said Friday.

The Chinese government has initiated an emergency humanitarian aid mechanism and will provide emergency materials as soon as possible, according to an online MOC statement, which did not give further details.

Typhoon Damrey made landfall in southern and central regions of Vietnam on Saturday, triggering mudslides and flooding.

Damrey has claimed 106 lives, left 25 people missing and injured 197 others in Vietnam, the country's Central Steering Committee for Natural Disaster Prevention and Control said Friday morning.

It has also destroyed over 2,000 houses, damaged nearly 120,000 others, sank 1,231 cargo and fishing ships and boats, and killed more than 43,300 poultry and cattle, according to the committee.

The Asia-Pacific Economic Cooperation Leaders' Week opened Sunday in the central Vietnam city of Da Nang.

http://www.china.org.cn/china/Off_the_Wire/2017-11/10/content_41873158.htm

 

[TaiShang]

Commentary: China, Vietnam set to boost trade ties
Xinhua, November 11, 2017

by Xinhua Writer Shi Xiaomeng

BEIJING, Nov. 11 (Xinhua) -- China and Vietnam, two neighbors who share a long tradition of friendship, should strive to further enhance win-win cooperation and herald a new chapter for bilateral ties.

Chinese President Xi Jinping is attending the 25th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Vietnam's central port city of Da Nang. After the two-day meeting which started on Friday, Xi is scheduled to pay a state visit to the country.

The visit, which comes on the heels of the 19th National Congress of the Communist Party of China (CPC), will surely strengthen the comprehensive strategic cooperative partnership between the two countries.

Currently, China and Vietnam are both following a path of reform and development.

While China is heading towards its ambitious goals of building a moderately prosperous society in all respects by 2020 and building a great modern socialist country that is prosperous, strong and democratic, Vietnam is aiming to build a strong, democratic and civilized modern industrialized nation.

The two countries therefore need to work together to deepen cooperation and manage differences to create the right conditions for their mutual development.

Reviewing the gains in China-Vietnam ties, one important indicator worth noticing is how bilateral trade has been on the rise. The total trade value between the two countries is expected to reach 100 billion U.S. dollars by the year's end.

Statistics show that China has been Vietnam's biggest trading partner for 13 consecutive years, while Vietnam is China's largest trading partner in Southeast Asia.

Chinese investment in Vietnam, meanwhile, is also increasing rapidly. In the first quarter of 2017, Chinese investment in Vietnam has reached 823.6 million dollars, becoming the third largest foreign direct investor of the country.

In fact, China and Vietnam are natural partners with complementary economies. To illustrate, Vietnam is in great need of infrastructure development, while China have abundant resources in infrastructure construction, including capital, technology, personnel and experience to share.

Since 2015, the two countries have made tangible progress on the strategic alignment of their development initiatives -- China's Belt and Road Initiative and Vietnam's "Two Corridors and One Economic Circle" plan.

Major achievements have been in transportation, electricity, manufacturing and construction of industrial parks between the two.

Looking ahead, China and Vietnam could take advantage of the two initiatives and unleash potential for greater cooperation in infrastructure, trade and production capacity.

Doing so will bring real benefits to the two peoples and help maintain economic growth momentum in the Asia-Pacific region and the global economy. Enditem

http://www.china.org.cn/world/Off_the_Wire/2017-11/11/content_41876888.htm

@TenLua

 

[TaiShang]

Vietnam targets economic growth of 6.5-6.7 pct in 2018

Source: Xinhua| 2017-11-10 13:12:49|Editor: Lifang


HANOI, Nov. 10 (Xinhua) -- Vietnam has targeted a growth of 6.5-6.7 percent in its gross domestic product (GDP) next year, according to a resolution on socioeconomic development plan for 2018 passed by the country's top legislature on Friday.

Vietnam is determined to post GDP growth of 6.7 percent in 2017, up from 6.21 percent in 2016, and 6.68 percent in 2015.

The country has eyed export turnover increase of 7-8 percent, a trade deficit of below 3 percent of the total export turnover; and total investment for social development representing 33-34 percent of the GDP next year, according to the resolution adopted by Vietnam's National Assembly at its ongoing fourth session in Hanoi.

Other targets set for next year include the poor households rate declining by 1-3 percent, the unemployment rate dropping to below 4 percent, the trained worker ratio accounting for 58-60 percent of the workforce, 85.2 percent of the population being covered by health insurance, and the forest coverage surging to 41.6 percent.

To this end, Vietnam will maintain macro-economic stability, facilitate establishment of new enterprises, restructure agriculture, further develop the domestic processing and manufacturing sectors, ensure sufficient allocation of cultivated land for ethnic minority groups, promote sales of domestic goods, reform education and training, and intensify anti-corruption campaigns.

http://news.xinhuanet.com/english/2017-11/10/c_136742196.htm