VN have no clear advantage over Malaysia no matter how they like to portray it. It is beyond absurd to think that foreign investors will just pack their bags and move to Vietnam and with in a year VN will become the giant of Asia. I am not saying that Vietnam isn't capable of it, at the moment it seems highly unlikely. There is a fundamental difference between wishing and happening, you can wish VN to be a giant which China is scared of, its your wish. the reality is far different.
Your fail to present any reasonable argument in her defense, I asked you that a 50 second clip proves nothing without a proper context, yet within those few second she made a completely ignorant comment about Malaysia, yet you insist that I assume what you assumed just because she have a Ph.D. By the way I also have a Ph.D, and unlike her I dont make ignorant comments.
True, Vietnam need nearly 2 decades to reach China current GDP per capital with her GDP growth is 6.9% right now .
True, Malaysia got a lot of advantages over Vietnam, your country lies in very important trade strait (that might change in future). Also our country business law got many flaws and a room that many companies and firms can take advantage and maneuvered . Government got a lot of trouble just to collect tax, not to mention the corruption. Malay clear ahead of this and your government is clearly more efficient in taxes policy and collecting taxes (under Mahathir).
Vietnam was late-comer (economy officially open in 1996 after long embargo since 1945, maybe earlier than N.Korea and Cuba), and since 2007 economic situation in the world facing slump instead of booming like it was in 1970's-1998. So the demand in the world market was not like before and it hit country really hard as it was applied an export-oriented economy, together with the easy credit lend by bank without analysis the situation and also technology is not advanced enough yet, human resources aren't great yet, and capital is low, so we'll definitely be depending on foreigners market, technology transfer and world economic situation. Our country leader, clearly less experience in global economies as their peers in other Asia country which have been used to it long before, together with mismanagement and many new terms and theories in economies and business, it will take awhile for them to learn it (at least they are not as stubborn as before). And new generation are going to replace those old guard (thank God) in about next 5 or 6 years, with their experience and skill they learn abroad, i hope them do well.
In the world, there are two opposition school of economies: "liberalism” and “mercantilism". Liberalism was more appearance in the West while mercantilism was more prevalence in the East. And TPP was in a form of liberalism which was emphasis more on private entrepreneurship and free markets and less emphasis for relationship between state and entrepreneurship.
TPP will nonetheless benefit Vietnam, and it outweigh the cost as it will train Vietnamese employees in sophisticated skills and large flow of FDI like recently. "As the TPP negotiations near conclusion, both domestic and foreign businesses have begun making upstream investments in Vietnam to take advantage of the preferential treatment that Vietnamese garment exporters will potentially enjoy under the agreement. This means that not only will Vietnam’s garment sector gain preferential access to the U.S. market, it will also be able to capture greater added value in the supply chain. If the TPP goes into effect, Vietnam expects tariffs on its garment exports to the United States to eventually drop to near zero from the current 17 percent."
Downside of it to our country is the ISDS, and may lose in meat and animal feed.
Also TPP will open oversea market for our export and make it more competitive, it can gain 1 or 2% additional growth if gone well. TPP is not sole free trade agreement Vietnam participate anyway, the country also join Eurosian free trade, S.Korea-Vietnam free trade agreement, EU-Vietnam free trade (applied in 2019, they eliminate 98% tariff and we 60%-by 2030 both remove 100%). Currently govt want free trade with India also
"For garment export alone, it estimate that Vietnam will gain from it $165 billion by 2025; without the TPP, this figure would have been $113 billion. And only a quarter of our goods to the US or members will be applied strict "rule of origin law' that mention in the PDF document"
Source:
Impact of TPP Agreement on Vietnam’s Garment Industry: Weak Spot Could Become Its Major Gain | cogitASIA CSIS Asia Policy Blog
Think carefully before you speak man. My mom have always told me that.
The court has being proposed to be located in the US, not set up and dictated by the US.
The Arbitral Tribunal is located in the Hague, so are you now going to say the Netherlands has special power to dictate its rule on all the other countries? Are you going to say a court is only fair if they are located on neutral territory...so where? On Mars?
Listen carefully, the court are being set up by all the negotiating states but located in the US.
Yeah the common law will be set by lawyers (candidate from member states) that specialized in business, firms and national law from founding member country, and they will create trial law council to judge the case and it will be based in US. The law will undermine the country business national law and they must follow the common ISDS law that has been negotiate and set by member state. The one who just announce their wish to join (S.Korea, Philippine) will be at round 2, but they cannot change the common laws that has been already set. But currently there are no mention of the progress
To quote the great Vietnamese leader Ho Chi Minh,
"Remember, the storm is a good opportunity for the pine and the cypress to show their strength and their stability."
Let Japan and Viet Nam be the Pine and the Cypress, my friend.
LOL, but this TPP is not something like unexpected storm right, you can prepare for it. Anyway, Japan was follow “mercantilism" school of economies before, i don't know why Japan change so fast to "liberalism” economies. This will limit government support for domestic firm and state owned companies of Japan which face many resistance domestically i guess?
