Elite's chosen mechanism in Vietnam is so bad, so many state-owner projects look ok but the execution like a mess because of the lack of capability, corruption destroys everything, many talents go away from the country, and others don't have a chance to improve the government system. The metro projects are an example of how corruption destroys good projects, the projects take a long time and extra costs for construction, and have many problems inside, Vietnam will gradually shift to the US side because of territory disputes with China and history reason, and the color revolution is a matter of time because of lack of trust in the government system, the western media affect a lot of young generation, the economy depends on both China and the West, heavily. I think in the short run Vietnam's economy will be ok but not too great, but in the long run, when an incident happens, It will be devastating because both China and the West will choose Vietnam as a place for a proxy war. If don't have any chance for Elite's chosen mechanism, the incident is a matter of time.Finally, the metro lines in Ho Chi Minh and Hanoi are gradually coming into operation. (God this insane traffic I want to ride a 125cc bike over there one day) The railway between the two capital cities needs to be upgraded and normalized so that there is no need to transfer goods to other trains during their interconnection with international networks. A standard gauge dual powered line would be ideal. in general, I imagine Vietnam to be something like China in the late 90s and early 2000s, with Vietnamese characteristicsI believe that Vietnam which is also governed by a Leninist-style one-party democratic centralism, some say authoritarianism, would be the next pearl of Asia in the coming decades
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Vietnam will be neutral.
Remember that China can result achieve air superiority over the skies of Hanoi and easily implement a maritime blockade of Vietnam's ports.
At the same time, China is Vietnam's largest trading partner and Vietnam is essentially a spoke in the China-centric global supply chain.
Furthermore, the Vietnamese Communist government knows that the West would love to see them replaced.
However much the Vietnamese people may not like China, they all recognise that China is so much bigger.
So the smart thing is for Vietnam to remain neutral, and reap the economic benefits if China and the US clash.
And if need be, the Chinese Communist party will support the Vietnamese Communist party to stay in power.
1. Thanks for posting that, that was excellent!
2. Mr. Woo was right about everything, but this calls for the future, we have to wait to see what the market does.
3. Race and ethnicity are important questions in America, and watching this video, we can sense that underlying theme. There really is a Chinese Wall, in terms of dealing with other peoples, and the way of thinking. David Woo, is an American, but inside, we can tell he is different, through and through. He's just one of us!
LOL.
The investing firms, both Chinese and Korean, often have to build the infrastructure themselves.
escobar
Brigadier
Huge increases in auto parts (40%), lithium batteries (75%) and solar panels (95%) but labor intensive products were in fact lower. This means contraction in employment and further loss of confidence slowing the economy.
So, that American ban on Xinjiang products is going well:
2022-09-11 08:34:17Xinhua Editor : Zhang Dongfang
Workers transfer containers from an inbound train to a domestic train at the Alashankou Port, Xinjiang Uygur autonomous region, in September 2020. [Photo by CAI ZENGLE/FOR CHINA DAILY]
Foreign trade levels of Northwest China's Xinjiang Uygur autonomous region soared 49.6 percent year-on-year to nearly 145.6 billion yuan ($21 billion) from January to August this year.
Urumqi Customs said that during this period, Xinjiang exports reached over 120.9 billion yuan, up 58.2 percent year-on-year, while its imports grew by 18 percent year-on-year to 24.6 billion yuan.
The increase in foreign trade in the region is attributed to a series of steps taken to ensure stability in employment, the financial sector, foreign trade, foreign investment, and domestic investment, according to Urumqi Customs.
Urumqi Customs also noted that thanks to streamlined customs clearance measures, the operation of China-Europe freight train services in Xinjiang had been continuously improved.
From January to August, Alataw Pass and Horgos Port, both major rail ports in Xinjiang, achieved a record high in handling 8,701 China-Europe freight trains, up 6.5 percent compared to the previous year.
2022-09-11 08:34:17Xinhua Editor : Zhang Dongfang
Workers transfer containers from an inbound train to a domestic train at the Alashankou Port, Xinjiang Uygur autonomous region, in September 2020. [Photo by CAI ZENGLE/FOR CHINA DAILY]
Foreign trade levels of Northwest China's Xinjiang Uygur autonomous region soared 49.6 percent year-on-year to nearly 145.6 billion yuan ($21 billion) from January to August this year.
Urumqi Customs said that during this period, Xinjiang exports reached over 120.9 billion yuan, up 58.2 percent year-on-year, while its imports grew by 18 percent year-on-year to 24.6 billion yuan.
The increase in foreign trade in the region is attributed to a series of steps taken to ensure stability in employment, the financial sector, foreign trade, foreign investment, and domestic investment, according to Urumqi Customs.
Urumqi Customs also noted that thanks to streamlined customs clearance measures, the operation of China-Europe freight train services in Xinjiang had been continuously improved.
From January to August, Alataw Pass and Horgos Port, both major rail ports in Xinjiang, achieved a record high in handling 8,701 China-Europe freight trains, up 6.5 percent compared to the previous year.
This is talking about foreign trade that leave/enter through Xinjiang. E.g., products manufactured in other parts of China but exported to Europe through freight trains that exit China in Xinjiang are counted in these numbers.So, that American ban on Xinjiang products is going well:
2022-09-11 08:34:17Xinhua Editor : Zhang Dongfang
Workers transfer containers from an inbound train to a domestic train at the Alashankou Port, Xinjiang Uygur autonomous region, in September 2020. [Photo by CAI ZENGLE/FOR CHINA DAILY]
Foreign trade levels of Northwest China's Xinjiang Uygur autonomous region soared 49.6 percent year-on-year to nearly 145.6 billion yuan ($21 billion) from January to August this year.
Urumqi Customs said that during this period, Xinjiang exports reached over 120.9 billion yuan, up 58.2 percent year-on-year, while its imports grew by 18 percent year-on-year to 24.6 billion yuan.
The increase in foreign trade in the region is attributed to a series of steps taken to ensure stability in employment, the financial sector, foreign trade, foreign investment, and domestic investment, according to Urumqi Customs.
Urumqi Customs also noted that thanks to streamlined customs clearance measures, the operation of China-Europe freight train services in Xinjiang had been continuously improved.
From January to August, Alataw Pass and Horgos Port, both major rail ports in Xinjiang, achieved a record high in handling 8,701 China-Europe freight trains, up 6.5 percent compared to the previous year.
Bro remember the The Comprehensive Agreement on Investment or CAI, well EU hadn't approved it yet due to the US insistence so for China it's a godsent, meaning the Chinese hadn't boarded the sinking ship...lol Now without these bilateral agreement, China can pick and choose what the Europeans can bring and the Chinese investment will go elsewhere within the BRI or in Russia.