Vietnam Economy Forum

[Fsjal]

are you happy now?

I posting the TPP tomorrow

The whole time you were a Vietnamese using a false flag. Why? Do you hate your own country?

 

[yue10]

The whole time you were a Vietnamese using a false flag. Why? Do you hate your own country?

of course i do not hate the Vietnam, i will go to live there in the future but these Viets mentality is not right never denouncing the evil US but always complaining the Chinese, it is wrong and ungrateful way of thinking

 

[Fsjal]

of course i do not hate the Vietnam, i will go to live there in the future but these Viets mentality is not right never denouncing the evil US but always complaining the Chinese, it is wrong and ungrateful way of thinking

I understand how you feel. That's also the same reason why I am called a false flagger, because I can't stand biased mentality from many Filipino members here, always supporting Uncle Sam.

 

[Viet]

where is the member 'Viet', I want to know what he think about TPP, one of your Viets countryman was abused me on different forum about this TPP, it is mentality of slaves to accept TPP but that is what your Viets always are

ha ha ha...now you changed the flag. yue10 you are sick, you may see soon a doctor by calling your own country as a slave.

are the 10 other TPP members Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru and Singapore are slaves too. what a logic! okay, if Vietnam becomes a rich country like Singapore, then I welcome it. LOL

what I think of TPP? It is good to join the club.

U.S.-Vietnam basic accord clears major hurdle to TPP deal | GlobalPost

 

[Viet]

Vietnam to host 25th APEC Summit in 2017

Vietnam to host 25th APEC Summit in 2017 | Coverage

 

[Viet]

Japanese firm Ajinomoto supports the Hanoi Medical University

Vietnam

 

[Viet]

I copied from another thread

 

[Fsjal]

I copied from another thread

What surprises me is how fast your country's economy will grow later on.

 

[yue10]

ha ha ha...now you changed the flag. yue10 you are sick, you may see soon a doctor by calling your own country as a slave.

are the 10 other TPP members Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru and Singapore are slaves too. what a logic! okay, if Vietnam becomes a rich country like Singapore, then I welcome it. LOL

what I think of TPP? It is good to join the club.

U.S.-Vietnam basic accord clears major hurdle to TPP deal | GlobalPost

your wish is for VN to be the wh.ore country for the foreigner, you are like the Chinese BMW girl a greedy mentality just caring about the money, Singapore is a sick country getting on their knee continually begging for the foreign 'talent' deposits

your Viets should not question my logic when you have the mentality of willingly accept foreign slavery, look at all those country and have guess which is the least developed and most vulnerable for a multilateral FTA, what are your Viets going to benefit if you open markets to ASEAN + China and now all these other mofos, you have only one factor you can leverage and that is slave wages

Việt Nam’s need for the TPP
Hà Nội badly wants the omnibus trade deal but Washington is going to make some painful demands
A lot of regional prosperity hangs on the outcome of multilateral trade negotiations, though they aren’t the sort of event that that makes pulses race.
Take the Trans-Pacific Partnership, or TPP:
12 very dissimilar nations met in Brunei August 23-30 for their 19th round of talks, and the only news after another week’s effort was that they’ve kicked the can down the road again.
There won’t be a pact for the heads of state to sign in October.
Is that a bad sign if you’re a free trader?
A good sign if you’re a protectionist or one of those folks who think “globalization” is a dirty word?
Or is it just evidence that the governments that supervise 40 percent of the world’s wealth are going to take whatever time it takes to get right what Washington calls the world’s first “21st Century trade agreement?”
They are an odd and asymmetrical bunch, these 12 nations.
Chile, Peru, Mexico.
The US and Canada.
Singapore, Malaysia, Brunei and Việt Nam.
New Zealand and Australia.
And now also Japan but not, conspicuously, either Korea or China.
The 12 are engaged, it’s said, because the only way to persuade Washington in particular to open its markets wider to the goods they produce is to accommodate the demands of America’s knowledge-intensive industries — banking, insurance, finance, telecommunications, pharmaceuticals, entertainment — for equal access to foreign markets and respect for intellectual property rights.
ShoesWalk a mile in these shoes
This is complicated and seriously arcane stuff, which hasn’t deterred policy analysts from trying to explain it.
Another way to understand the possibilities inherent in the Trans-Pacific Partnership is to examine the negotiation from a national perspective — from Việt Nam’s, for example.
Why would a nation that’s just barely pulled itself above the poverty line aspire to run with the big boys?
To some analysts — for example to Greg Rushford, whose ‘Rushford Report’ is must reading for Washington trade lobbyists — for Việt Nam, it’s all about textiles and footwear.
Since Việt Nam dumped socialism a quarter-century ago, it has carved out a sturdy niche as a supplier of knit shirts, athletic shoes and kindred items to the American market.
Garment and footwear assembly are labor-intensive industries that have consistently accounted for about 20 percent of Việt Nam’s total exports.
They got their start in the 1990s because under the EU and US quota schemes then operative, China’s exports of garments and footwear were capped.
Some final assembly operations were shifted to Việt Nam to take advantage of its quota.
These plants were the first wave of Việt Nam’s export-driven industrialization.
They became so efficient that they survived the end of the quota regimes and in fact gained market share.
Specifications are provided by retailers who also arrange supply of fabric and leather, thread, zippers, buttons, etc., typically from China; the goods are assembled in Việt Nam’s low-wage factories and shipped out to the US, Europe or Japan.
Competition is fierce.
A few years back, Việt Nam was being touted as “the next China.”
Garment and footwear manufacturers in Guangdong were going to migrate en masse to Việt Nam, it was said, lured by unit labor costs about 30 percent of China’s.
It didn’t happen.
For cutting and stitching, it turned out, even cheaper labor was readily available in Cambodia, Bangladesh or the new fave, Burma.
For everything else, Chinese factories just got more efficient.
Vietnamese contract manufacturers are under tremendous pressure to hold wages down.
Workers are demanding better pay, while few garment or footwear plant owners can afford to invest in more efficient machinery.
To them the TPP looks like a life raft.
Hà Nội sees an extraordinary opportunity to expand its share of the limitless American market for sportswear at China’s expense — that is, if Washington will cooperate.
American trade negotiators would like to be helpful. K-Mart and Wal-Mart, Nike and Levi Strauss and other retailers that source their merchandise abroad want them to be helpful.
Companies that still spin cotton thread in the US do not.
They are putting tremendous pressure on Washington to preserve a system called “yarn forward” and retain tariff protection for the US garment industry , which now averages 17 percent on Vietnamese goods.
On a parallel track, the last American shoemakers are pressing for the continuance of import tariffs ranging from 11 to 70 percent.
The yarn-forward doctrine requires that every stage in the manufacture of a garment take place either in the US or with a favored trading partner, e.g., if the TPP goes into effect, in Việt Nam or other TPP members.
Even the smallest bit of non-TPP content would render the garment ineligible for a zero tariff.
The yarn-forward requirement would rip asunder value chains that supply assembly plants in the Red River Delta and the suburbs of Hồ Chí Minh City with Chinese fabric, leather, thread, zippers, buttons, etc.
Vietnamese negotiators have protested that yarn-forward is a deal breaker.
They seem, if hints in Vietnamese media bear out, to have won Washington’s promise of a three-year adjustment period.
And that, if Vietnam is agile, is all it needs to eat Guangdong’s lunch.
In this scenario, ironically, it won’t be the American yarn spinners that benefit, but rather the Taiwanese, Korean and Chinese entrepreneurs who would rush to relocate those thread, textile, button and zipper factories into Việt Nam, cheered on by their American customers.
By one all-else-being-equal calculation, there would be a huge increase in Việt Nam’s export earnings.
In 2025, forecasts the Peterson Institute, Việt Nam would be 14 percent richer than if it stays out of the TPP.
That’s unless China also joins the TPP, not a near term prospect but not unthinkable either.
Suffice it to say here that trade analysts agree that among the 12 nations now negotiating, Việt Nam would gain the most from establishment of the TPP.
No Free Lunch
Analysts offer that Việt Nam is welcomed as a TPP negotiator precisely because it is not China.
They reason that China will not accept the “disciplines” integral to this 21st century pact:
A level playing field for foreign and domestic entities, vigorous enforcement of intellectual property rights, autonomous labor unions, a foreign investor’s right to force compulsory arbitration by an international panel on Beijing if it believes its rights have been impaired.
Some speculate that the TPP, like the rest of the American ‘pivot’ strategy, aims to contain the bumptiously rising new superpower.
A more subtle explanation is also plausible:
That with Việt Nam as a compliant proxy, Washington aims to show Beijing what might be possible if it chooses cooperation rather than confrontation.
Either way, there’s reason to wonder if Việt Nam would step up to those disciplines, if it is indeed capable politically or bureaucratically of levelling the playing field for foreign investors.
Việt Nam’s enterprise system is only half-free, and there’s the rub.
For two decades, economic reformers and power brokers have been at odds.
Alongside a dynamic, export-oriented private sector, a state-owned enterprise (SOE) sector still dominates Việt Nam’s domestic economy.
It deploys sixty percent of the nation’s assets but produces only forty percent of its wealth.
Cheered on by the ADB and World Bank, reformers aspire to break up and privatise the SOEs, but they have regularly been frustrated by the cozy alliance between public officials and their cronies in the state enterprise sector.
Some speculate that PM Nguyễn Tấn Dũng and his government are keen to take Việt Nam into the TPP precisely because it offers a way to outflank the ruling Communist Party’s status quo faction and force change on change-resistant institutions.
That may be so; it won’t be easy.
Bundled into the price of admission to the TPP for Việt Nam are commitments that would be exceedingly hard to deliver.
These include:
A level playing field for foreign investors. Hà Nội would have to cease allowing state-owned firms preferred access to bank capital, below-market-rate financing, favorable tax treatment, capital injections, public procurement preferences and other advantages that put foreign enterprises at a competitive disadvantage.
Cutting tariffs now averaging nearly 10 percent to zero for TPP partners’ goods.
Vigorous enforcement of intellectual property rights.
Enterprising Vietnamese businessmen blithely copy and resell whatever suits them, while laws on protection of copyrights and patents go unpoliced.
It’s a practice that seriously annoys the US music, film, TV, software and pharmaceuticals industries.
Autonomy for labor unions.
Vietnamese labor unions and all other civil organizations are instruments of state control.
Rights to bargain collectively with employers and to strike are circumscribed. The TPP, however, would require members to meet the International Labor Organization’s liberal standards.
Environmental protection.
The TPP would require Việt Nam to suppress trafficking in endangered species.
Enterprise-state dispute settlement.
The TPP draft would allow foreign firms that believe that government actions — even improved environmental or public health standards — have damaged their competitive position to demand international arbitration.
Australia is dug in against this provision, so it may not appear in the final text.
Respect for human rights.
Other than mandating freedom to organize and bargain collectively, the TPP will not address members’ human rights practices.
Nonetheless, a growing group within the US Congress takes a dim view of Hà Nội’s treatment of political dissidents and is likely to raise curbs on free speech as a reason for opposing ratification of the TPP, or alternatively, for excluding Việt Nam.
Six years ago, admission to the World Trade Organization (WTO) was touted as the step that would ensure Việt Nam’s competitive success in the global economy.
It didn’t work out quite that way.
The expected tsunami of foreign investment materialized, but far too much of the cash inflow was routed to SOEs that squandered it on speculative ventures.
After two fierce bouts of inflation and a vain attempt to maintain growth rates in the teeth of worldwide recession, new foreign investment had dried up and Việt Nam’s economy was in the tank.
The government at last tightened credit in 2011, averting more defaults but starving Việt Nam’s private sector of the funds it needed to profit from the recovery of the global economy.
Now the nation’s cash-short native capitalists still struggle while, ironically, the foreign-invested sector is booming.
Thus in addition to dealing with resistance by status quo elements within the regime, Dũng’s government must also contend with skepticism that the TPP will live up to advance billing.
Most Vietnamese economists and businessmen would be happy to see the reforms that the pact will mandate but doubt they’ll materialize.
At the same time, well aware of barriers concocted by Americans to limit imports of Việt Nam’s shrimp and catfish, they wonder if Washington in particular will live up to its own market opening commitments.
Regardless of doubts, it looks as though Hà Nội is committed to going forward.
Commentary in media close to the regime recognizes challenges but expresses optimism.
“The TPP agreement is a good playing field for economies like ours to boost the development of key sectors such as garments, footwear and farm produce.”
Says Voice of Việt Nam.
“After we join the agreement, there will be a strong flow of foreign goods and direct investment into Việt Nam, providing the nation with fresh impetus for stronger growth.”
And, many hope, also for reform.

 

[EastSea]

Cambodia supports Vietnam’s rubber planting projects


The new Cambodian leadership will continue creating favourable conditions for Vietnam to carry out rubber planting projects in the country.
National Assembly Chairman Samdec Heng Samrin made the commitment while receiving Tran Ngoc Thuan, General Director of the Vietnam Rubber Group in Phnom Penh on October 10.
Cambodian supports Vietnam’s rubber planting projects, even in the future, said Heng Samrin.
He wished the Vietnam Rubber Group a greater success in undertaking its projects in Cambodia.
Earlier, Deputy Prime Minister Yim Chhay Ly voiced his support for Vietnam’s rubber planting in Cambodia after he was re-appointed Deputy PM.
He attributed Cambodia’s recent economic growth to Vietnamese-invested projects, including those on rubber planting, and said the Hun Sen administration has instructed its relevant agencies and localities to facilitate Vietnamese operations in the country.
The Vietnam Rubber Group will have completed planting 100,000ha of rubber in Cambodia in 2014 as scheduled.
The World Bank and the Asian Development Bank have forecast a 7-7.2% economic growth rate for Cambodia in the next two years.
The agricultural sector makes a significant contribution to the country’s steady growth, and rubber is defined as a key industrial crop.

nglish.vietnamnet.vn/fms/government/86548/vietnam--russia-to-push-military-technical-links.html

 

[Viet]

What surprises me is how fast your country's economy will grow later on.

VN growth is disappointing. It is too low. We may achieve 6% or a bit more in coming years, but it is hard to return to 8% or more.

 

[Viet]

your wish is for VN to be the wh.ore country for the foreigner, you are like the Chinese BMW girl a greedy mentality just caring about the money, Singapore is a sick country getting on their knee continually begging for the foreign 'talent' deposits

your Viets should not question my logic when you have the mentality of willingly accept foreign slavery, look at all those country and have guess which is the least developed and most vulnerable for a multilateral FTA, what are your Viets going to benefit if you open markets to ASEAN + China and now all these other mofos, you have only one factor you can leverage and that is slave wages

can´t you stop insults and start talking meaningful? and what the hell, why you changed your flag again? If you are a Viet as you say, then change back and stop bad-mouthing your motherland. I hate communism, but I love my country Vietnam. As for Singapore, it is NOT a sick country, you idiot.

you posted correctly why Vietnam will benefit if we join TPP. So why complaining? Your logic is, anyone who trades with America becomes slave. If true, everyone is a slave, well except North Korea, the country you selected as your home.

In this scenario, ironically, it won’t be the American yarn spinners that benefit, but rather the Taiwanese, Korean and Chinese entrepreneurs who would rush to relocate those thread, textile, button and zipper factories into Việt Nam, cheered on by their American customers.

Source: http://www.defence.pk/forums/china-far-east/202730-vietnam-economy-latest-news-56.html#ixzz2hOwDqy5b

 

[AViet]

VN growth is disappointing. It is too low. We may achieve 6% or a bit more in coming years, but it is hard to return to 8% or more.

High growth rate must be coupled with quality of growth. Other than North East Asian countries, most developing countries are not sustainable with high growth for long period. 4-5 years, or even a decade with sky high growth rates, then a crisis come, and all achieved growth will be downed the drain. That's why many countries in South East Asia and South America, despite of years of high growth rate number, still are middle income countries, hence the term "middle income trap".

I think Vietnam will develop better with 5%, but sustainable, growth rate, rather than 8% but not sustainable. By borrowing and investing, one country can be relatively easy to reach 8% growth, especially when starting from a low-level like Vietnam. But that development will not last.

 

[Fsjal]

VN growth is disappointing. It is too low. We may achieve 6% or a bit more in coming years, but it is hard to return to 8% or more.

8% growth? When did Vietnam economy grew that fast? What year?

 

[visom]

8% growth? When did Vietnam economy grew that fast? What year?

That's Vietnam's average growth rate since the 90s I believe, not our current one.