Vietnam´s FDI reaches a new record in the first 4 months

[UKBengali]

Ok I can agree with you, at least in some points. we have to decide somehow. Fdi alone will lead sooner or later to a dead end. Still, exports growth are driven by foreign companies as Samsung and the likes. Viet companies are still too weak.I hope that will change but it won’t happen overnight.

VN is in better position than BD though.

Yes for now at least.

 

[Arulmozhi Varman]

Vietnam is doing good in economy. check the statistics of BD and VN.

BD's export growth is 10% but its total export for 2018 is just 36 billion. meanwhile , VN's growth is just 4% which is a bit disappointing ( for u ), but VN's export amount is massive 244 billion for 2018. and it's also cover for other areas as well. so u should glad VN is developing so fast and can catch up other asia gaints in a few decades.

High exports is not a measure of actual GDP growth of a country. Until unless the people are benefitting from it, high exports mean nothing.. A reason why Chinese people didnt feel the benefit of high export until 2008, when Chinese decided to increase domestic consumption to spur more growth. A product manufactured in China, and when sold in China was too high cos of the taxes. I remember a phone was costlier to buy in China due to high taxes than in India, even though it was manufactured there just to show an example. I guess they have reduced taxes to increase domestic growth.

Vietnam's dollars are not actually's vietnam's in this case. They belong to foreign companies and they take out more dollars out of vietnam every year if they wish so.

 

[Viet]

Yes for now at least.

Fdi is a temporary fix, developing own industry is the goal. We want domestic car industry, domestic smartphones, ship, aircraft and semiconductor. Vietnamese are generally not stupid, so there is hope

 

[Kyle Sun]

For the time being, Viet economy will surge but still has a lot of leeway to make up.
And I believe we two will have another bloody fight when your eco is big enough.

 

[Viva_Viet]

High exports is not a measure of actual GDP growth of a country. Until unless the people are benefitting from it, high exports mean nothing.. A reason why Chinese people didnt feel the benefit of high export until 2008, when Chinese decided to increase domestic consumption to spur more growth. A product manufactured in China, and when sold in China was too high cos of the taxes. I remember a phone was costlier to buy in China due to high taxes than in India, even though it was manufactured there just to show an example. I guess they have reduced taxes to increase domestic growth.

Vietnam's dollars are not actually's vietnam's in this case. They belong to foreign companies and they take out more dollars out of vietnam every year if they wish so.

We just try to lure all investors (including CN investors ) to quit CN due to trade war and welcome to invest in VN first.

And its working well now, CN investors, fleeing from CN , willing to pay VNese from $4,000-8,000 USD now.

When CN collapse due to trade war, then its time to focus on domestic consumption. Just step by step, bro

 

[UKBengali]

Fdi is a temporary fix, developing own industry is the goal. We want domestic car industry, domestic smartphones, ship, aircraft and semiconductor. Vietnamese are generally not stupid, so there is hope

Yes I know what Vietnamese people are capable of as you showed much larger powers what you are made of in war.
You also have the Confusion culture that is proven route to economic success.
I am just worried that Vietnam will end up like Mexico and be content with earning salaries from all the multinationals, rather than make the efforts to develop it's own companies.
I think there are things that BD does well and things that Vietnam does well and both can learn from each other.
Trade between BD and Vietnam is around 1 billion dollars a year and thus can be grown much larger.
BD has a more advanced drug industry than Vietnam and can supply quality drugs at low cost.
Vietnam can sell a lot more agricultural products to BD that is highly densely populated. I am sure the economies are complementary in other ways.
Trade between these large, fast developing economies in S/SE Asia can grow many folds over the next decade.

 

[Paul2]

We just try to lure all investors (including CN investors ) to quit CN due to trade war and welcome to invest in VN first.

And its working well now, CN investors, fleeing from CN , willing to pay VNese from $4,000-8,000 USD now.

When CN collapse due to trade war, then its time to focus on domestic consumption. Just step by step, bro

 

[Viet]

For the time being, Viet economy will surge but still has a lot of leeway to make up.
And I believe we two will have another bloody fight when your eco is big enough.

No problem my zhongguo bro, pls be patient wait a bit until we get more submarines armed by long range ballistic missiles

 

[艹艹艹]

No problem my zhongguo bro, pls be patient wait a bit until we get more submarines armed by long range ballistic missiles

no war
China will collapse after 2023
Vietnam win

 

[Paul2]

No problem my zhongguo bro, pls be patient wait a bit until we get more submarines armed by long range ballistic missiles

Yo, is electronics selling well in VN?

 

[Viet]

Yes I know what Vietnamese people are capable of as you showed much larger powers what you are made of in war.
You also have the Confusion culture that is proven route to economic success.
I am just worried that Vietnam will end up like Mexico and be content with earning salaries from all the multinationals, rather than make the efforts to develop it's own companies.
I think there are things that BD does well and things that Vietnam does well and both can learn from each other.
Trade between BD and Vietnam is around 1 billion dollars a year and thus can be grown much larger.
BD has a more advanced drug industry than Vietnam and can supply quality drugs at low cost.
Vietnam can sell a lot more agricultural products to BD that is highly densely populated. I am sure the economies are complementary in other ways.
Trade between these large, fast developing economies in S/SE Asia can grow many folds over the next decade.

Let’s not forget we have bphone

 

[Arulmozhi Varman]

We just try to lure all investors (including CN investors ) to quit CN due to trade war and welcome to invest in VN first.

And its working well now, CN investors, fleeing from CN , willing to pay VNese from $4,000-8,000 USD now.

When CN collapse due to trade war, then its time to focus on domestic consumption. Just step by step, bro

Trust me. VN workers arent paid even 4k dollars. Hell, even most of Chinese workers havent reached 8k USD per annum salary. The only thing VN offers is cheap land and cheap labour. Consumption in Vietnam is very less. it has to find ways to fund domestic consumption. Or else export driven economy can be pain in the future.

Other than that, I do agree, lots of companies are investing in Vietnam or planning to invest. The company I work for is watching how this game plays out and has Vietnam on Standby.

 

[TaiShang]

At the moment, as a developing country, Vietnam cannot say no to foreign investment. But, the nature of investment is important. If it is predatory, then, profit generated from those investment will not stay in the country. Further, the investment will not raise know-how and indigenous innovation capacity of Vietnam.

China was lucky in its fast development stage because most of the investment came from nearby Confucius Asia and it was genuine investment, leading to qualitative improvement in China's own manufacturing capacity. The government provided incentives for this by building one the world's most developed infrastructure and logistics system. Thus, those who came to China would find it hard to leave China even when they wanted to do so. There was not many better options. And still there is not.

For those (mostly Western) investment that was predatory in nature, China took preemptive measures, forcing them to set up joint ventures and actually bring in tangibles to the country in which they earn good money. This model was for the time when exports were important for China.

Today, things have changed. China's growth is now about 79% driven by domestic consumption. Now, those investment that come into China cannot so easily leave because China is the world's largest consumption economy. That's why China relaxed the joint venture rules in some industries such as automotive. Of course, all the existing JV continue because they are now well-established and embedded.

Vietnam should not have an absolutist policy, rather, a flexible one, as the time demands. Of course, China will increasingly take more stake in Vietnam's development.

***

Vietnam welcomes further investment projects from China: premier

Friday, April 26, 2019

Vietnamese Prime Minister Nguyen Xuan Phuc (L) shakes hands with China’s Party General Secretary and President Xi Jinping in Beijing on April 25, 2019. Photo: Reuters

Vietnamese Prime Minister Nguyen Xuan Phuc praised the Vietnam-China relationship and welcomed further investment projects from the East Asian country during his trip to Beijing on Thursday.

PM Phuc joined talks with China’s Party General Secretary and President Xi Jinping in Beijing earlier this week as part of his trip to Beijing to attend the second Belt and Road Forum for International Cooperation from April 25 to 27.

During their conversation, the Vietnamese head of government conveyed regards from Party chief and State President Nguyen Phu Trong to the Chinese leader.

Phuc shared his appreciation for the recent development of bilateral ties between both nations, affirming that Vietnam consistently follows the external policy of independence, peace, cooperation, and development, while focusing on promoting a stable, healthy, and sustainable comprehensive strategic cooperative partnership with China.

Hanoi welcomes and supports China’s Belt and Road initiative as it serves as a means to promote cooperation, mutual respect, and international law, thus contributing to common development and prosperity of all countries involved.

The premier proposed that both countries increase the exchange of high-level visits and bolster exchanges and cooperation at all administrative levels.

He urged the two sides to improve their economic cooperation and praised efforts to open up both markets to better trade balance,

PM Phuc also welcomed China to carry out large projects using advanced and environmentally-friendly technology in Vietnam.

During their talks, the two leaders discussed enhancing collaboration in managing the sustainable use of water resources in the Mekong River, monitoring nuclear safety, and implementing the three documents relating to the Vietnam-China land border.

Replying to his guest, General Secretary Xi shared his belief that PM Phuc’s trip demonstrates the importance that the Vietnamese Party and state attach to its relationship with China, as well as Vietnam’s contribution to the success of the forum.

The Chinese Party and state prioritize the relationship with Vietnam and agree on the enhancement of political trust and promotion of substantive cooperation across all fields, according to Xi.

China supports Vietnam in promoting its role in multilateral mechanisms, particularly Vietnam’s chair of the Association of Southeast Asian Nations (ASEAN) in 2020, Xi said.

https://tuoitrenews.vn/news/politic...stment-projects-from-china-premier/49808.html

 

[KAL-EL]

Good for Vietnam!