Posted on 12/15/2020 7:29:24 PM PST by cba123
HA NOI — The Japan Centre for Economic Research (JCER) has predicted that Viet Nam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035.
The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the COVID-19 pandemic and looks at how Asian economies are faring compared with others around the world.
In the standard scenario, JCER assumes that the pandemic is a transient event that will not affect economic structures over the medium term.
Under this assumption, only China, Viet Nam, and Taiwan are on track to maintain positive year-on-year growth rates in 2020.
(Excerpt) Read more at vietnamnews.vn ...
Good for them!
Go figure, after Biden’s done Vietnam will be more free-market than we are.
Grand Fenwick’s turn is next.
Other than big cities like Hanoi, Vietnam is really freakin awesome. Though it is already being ruined by rich 20 something hipsters crawling over the cool sh@t like a horde of locusts. Cambodia is awesome too with the added bonus of the locals like Americans and despise the french
Wait till China Invades VietNam —China needs oil and will let nothing stand in her path to Indonesia and her oil.
To tell the truth, Vietnamese seem (very) pro-American.
In four years here, I have encountered exactly three anti-American racists.
Three.
Out of 100,000,000. Granted, I have not met anywhere near that number.
But this is a special place, I believe.
Young, vibrant, BUSY (because the population is quite high compared with land area), and they genuinely seem to welcome foreigners.
Really.
In 2 years?
In a communist country?
Yeah, a lot of Japanese factory work has gone from China to Indonesia, Malaysia, Vietnam, and the Philippines.
You don’t need much extra income to be “upper middle class” especially when you don’t have a high cost base to begin with. And that includes things like giant unfunded union pensions and government entitlements that will drag down US finances and economic growth in coming years (even before massive Rat tax increases or their endless wars and more money printing). Vietnam doesn’t have any of those issues although as mentioned above they’ll need to invest in national defense against the CCP cuz God knows Biden and Harris will look the other way.
I don’t get it. Does abject poverty equal “freakin’ awesome?”
Cambodia same thing.
Even if the factories from China relocate to Vietnam, demand for workers isn’t going to put that many people to work. There will still be lots and lots of dirt poor people living in the “freakin’ awesome” boonies like the delta.
Yes, there will be more incredibly wealthy 20-30 year old people killing themselves with narcotics, in collisions, etc. but there will still be millions working the family rice patch or up north driving to market in those old Russian trucks.
I know. Vietnam is socialist. Closely aligned with Russia.
I know.
Maybe. But I have never felt more welcome anywhere.
EVERYONE is out there every day selling things (or drinking in a coffee shop).
I believe the Vietnamese population, is perhaps the single highest proportion of people in the entire world, who arguably support capitalism, as an economic system.
I know. Communism. I know.
But it really seems to be, they have the right mix of things here.
There were YEARS and years of wars here.
I think the people now, just want to raise families, and work hard, everyone.
It is a nice place.
Traffic is absolutely nuts.
But it is nice here.
I really enjoy it here.
“...who arguably support capitalism...”
Spend some time in Hanoi, your eyes will be opened.
I kinda like places with no one and nothing around...
https://upload.wikimedia.org/wikipedia/commons/5/5a/Monument_Valley_2.jpg
Yes I understand things are not identical in the north, but I have been there too, someone important to me is from there.
I think I maybe find Vietnam, to be like I found China 35 years ago, but Vietnam does not see America as a competitor. Vietnam sees America as an ALTERNATIVE to China.
It is very refreshing.
China is in my view, in big, direct competitor with America. Both parties, everyone in America has been selling us out as quickly as they possibly could.
Vietnam is not China. In many ways, it is light-years better, for America.
Far too many up until Donald Trump, have been selling out as quickly as possible.
Now, if he doesn’t find a way to reverse that, I fear it will continue.
Really.
What we don’t talk about is the tremendous sacrifice of our soldiers and what the war did to our country. Most of the Vietnam vets I know still don’t talk about and/or are very bitter especially since the DNC LOST the war.I digress. I do have the opinion even though the desired result of our involvement was unfortunate,it ultimately lead to what Vietnam is today. Maybe that’s a poor assessment but they love Americans and (Commie-)Capitalism nevertheless.
Haha.
100% different.
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