@@gaolutsoctrang4507 actually the US government is nothing but a global Dictator. 🤭🤭🤭 . How they destroy vietnam with such evil tactics ⁉️ Loas, Cambodia, 🍊🍊🍊
@@gaolutsoctrang4507 what's the plan ⁉️ want to use Taiwan, Philippines, Vietnam as the next proxy war ⁉️ US is a Joke with all those propaganda, demonizing other countries like Russia , China , Palestin, Iran etc etc.
@@gaolutsoctrang4507 The blind leading the blind ⁉️ 🙄🙄🙄 guess U live in the US ⁉️ Never once you mention the defeat of the American Pitbull ⁉️ 🇻🇳✌🇻🇳 unification 🍌⁉️🍌 Y out W in ⁉️
Not too long ago Vietnam was found guilty of laundering steel on behalf of china. What happened is Vietnam imported steel from China and rebranded made in Vietnam to help China escaped the US embargo. So the story of Vietnam steel industry is not that important an issue.
@@two02ful my point is Since China controls Vietnam, the idea China attacks the steel industry in Vietnam is moot. Now China colludes with Cambodia to steal fresh water of Mekong to starve the plains of South Vietnam will cause loss of rice crops.To kill Vietnam economy, Vietnam will succumb to China rules .A vassal state like Vietnam will not challenge China forever.
@@dyrectory_com 🤭 exactly The west complaining about india buying Russian Energy 🙄 funding the war ⁉️ What does EU Do , the exact same thing 🙃 from A third party like india . 🤣 why North stream 🤣
Where are you seeing low prices? And what do you mean by low? Some area seem to be seeing prices increases of 10%, 20%, 30%. 30% increase for rentals within a few months in some areas is just a bit head spinning.
Folks want low price for a long period of time (price and stability). If the low price is unfair (due to subsidies) with the goal of driving the competitors out of business then it is not good. Why? when there is few competitors then whoever left dictate the flow of goods and prices. They can then throttle production to boost prices and you are now under control by "them"....
sure, in the short term there may be price instability but it is difficult to believe that China is the only steel producer in this world. So in the long term the market will correct itself so let supply and demand take their course. Lower price is always good for the consumers.
btw, when materials are at lower price, this provides more incentive for companies to invest as the video stated that the number of metric tons of imported steel has gone up. Imagine if the government slaps a 70% tariff on the imported steel, do you think that the companies would continue to purchase the same amount of steel?
After watching and listening to your explanation I am curious. You said Vietnam have their own steel production so why are your own companies not buying steel made in Vietnam instead of buying from China. Yes, it is cheaper but you can also compete with their prices right?. Vietnam manpower is much cheaper than China today, so labour is cheaper than China. 2ndly, local produced need not be shipped, they can be transported directly to local buyers, so save cost of transport from China. China subsidizing their steel production is not the only question that can be raise. Vietnam were or are very happy when big Chinese companies (mobile phones, shoes, clothing etc etc) shifted their factories over the Vietnam due to higher labour cost in China. I did not hear Vietnam protesting against this business. China is one of your biggest buyer of timbers, are you complaining about that?. Over a certain period, there was a massive outflow of Vietnamese workers over to Shenzhen, thus sending their income back to Vietnam - no complain too?. Listening to your explanation tell me that Vietnam wish to earn money on every sector of industries but complain when they are face with competition?.
He is paid to preach USA Janet Yellen holly gospel of China subsidies it steel industries so China can sell it steel at lower price and therefore cause damage to Vietnam steel industries.
This guy is talking crap. Vietnam is equal to only one of China's provinces. VN lacks stable electricity, infrastructure, educated population and workers to compete aggressively. That's why VN clings to China so closely. The ambivalent love/hate with China means VN needs Chinese companies and business to prosper, why the first nation to visit Xi after his inauguration of a third term was VN's premier. With this inflow of Chinese companies and the ever growing trade, lifting the VN peoples' living standards VN is on the right track. Compared with the US who comes and only lectures and threatens, (and killed so many VN in 1960) China is a saint.
It seems like the purpose of his nonsensical anti Chinese rant is to wards the end of his video where he is trying to promote his consulting business for western companies navigating the VN economic landscape. Probably most of these “dumped” Chinese steel are used for VN infrastructure and the VN steel can be imported to the West bypassing tariffs against Chinese steel. A win for VN by playing both sides.
Vietnam needs consistent power supplies from China to operate its own manufacturing productions. Not to mention, Vietnam relies on production chains from China to make its own goods. At this point, Vietnam literally cannot survive without China. Love or hate China, this is the reality.
"Vietnam literally cannot survive without China"?? Are you serious? China needs Vietnam to survive as a result of high tariffs on Chinese exports to the US.
If China closes its borders, no trade will be made, and Vietnam's economy will collapse. Cambodia, on the other hand, definitely will not do business with Vietnam due to territory lost to Vietnam. Does Vietnam trade with the USA? Expensive goods? Also, Vietnam's inflation is rising by 6% every year.
@@gaolutsoctrang4507 If China closes its borders, no trade will be made, and Vietnam's economy will collapse. Cambodia, on the other hand, definitely will not do business with Vietnam due to territory lost to Vietnam. Does Vietnam trade with the USA? Expensive goods? Also, Vietnam's inflation is rising by 6% every year.
China stopped their incentives for steel a few years ago. There have been quite a lot of mergers for the better managed companies to take over unprofitable ones. It's no longer Baosteel, it's now called Baowu as the weaker Wugang was taken over. The main reason for the cheaper chinese steel is sheer scale, even then the smaller Chinese producers will not survive. Worldwide this has been happening as well, Nippon steel merged with Sumitomo metals about a decade ago. The root cause of all this was reckless expansion of steel capacity by chinese provincial governments.
USA and EU subsidies heavily its key industries yet many perished, why? The people and its culture that make the absolute difference! Now you understand?
Cheap Chinese steel is precisely what is enabling Vietnam's construction boom. Cheap Chinese steel is also a major driver of Vietnam's GDP growth and the rise in living standards of Vietnamese people. If Vietnam's top priority is economic development and prosperity for its people then it would be a very unwise move to impose tariffs on Chinese steel. It would in general be a very bad idea for Vietnam as an emerging and booming economy to follow in the footsteps of the US with protectionist policies that hurt its own growth and development...
To those Vietnamese who want to smear China, they ignore the existence of Tariffs and WTO that regulate international trades. They are here just to point fingers at China. Maybe either they hate China because of nationalism reasons or economic competition reasons, or they may be receiving funding from US to do anti-China propaganda.
I find the information valuable, and I like to hear your soothing and charming voice, and I enjoy your witty banter. So I have long been a part of the 20%.
You complaining because imports steel are cheap? Isn’t it good for the consumers or you rather have massive inflation? Over capacity, This is a stupid argument mr Duong! Obviously someone is liking it if they are importing from China.
If a country is importing instead of buying locally, there will be no jobs for the local ppl, and that will be bad for the economy. That's why other countries have to slap tariffs on products from countries that dump their goods on the international market.
My understanding : susidised goods are not sustainable forever, it is designed to get competitors out of the market and when competitors are out, and no longer any competition, then the "winner" can manipulate the market supply and prices. At the same time, the losing country has lost that manufacturing base, rise in unemployment and lower standard of living. Hence why the title of this video that China wants to destroy Vietnam's economy.
@@melcomc19seriously steel can crumble the Vietnamese economy ⁉️ How big is the local steel company ⁉️ or are they mostly foreign own ⁉️ Wouldn't local traders of steel make money ⁉️ and can also reinvest into other or expand their company and businesses ⁉️ ⁉️⁉️⁉️
@@duongglobalbusinessconsulting😂 they're just pointing back something else ⁉️ NO⁉️ Shouldn't people question the information or informers. People can say you're taking profits and jobs from Vietnamese ⁉️ But you can also say, you're creating jobs and investments in Vietnam ⁉️ 😂 just saying ⁉️ ⁉️⁉️⁉️
With the the slowdown in China's economic growth partially caused by the collapse of China's real property sector highlighted by the struggles of property giants Evergrande, Country Garden and Vanke, China has no choice but to export steel, cement and other construction materials to prevent the collapse of companies producing construction materials. China is exporting cheap steel and other construction materials worldwide, prompting the imposition of heavy tarrifs by many countries on Chinese made products.
BMW and Mercedes Benz too are make in China so because of the real estate problem those cars should be exported at basement price too, right? Come on! The freaking problem are cause by USA alone by steering up war and conflict everywhere! Thats the bloody problem!
yes, true, china is economically collapsing right now, so the revolutions we seeing is not shown in public, china has a major violent revolution going on and is blocked out from the outside world, this is true.
That's why regulations are needed. The collapse of local industries are detrimental to a country in the long term. Think why almost every country prohibits local monopolies. China is aiming for international monopoly by undercutting its competitors. China can do that because of its vast financial resources.
well cheap steel means cheaper prices which helps everyone. subsidies is not anything new. all countries provide subsides. do you want VN to be dependent on the USA? the USA has a habit of telling countries who they can trade with. do you want VN to be a vassal of America. Ask South Korea and Japan how well their economy is doing? a sight tariff is ok. remember who your top trading partner is. china will always be a top trading partner. the USA is an ocean away.
Artificial cheap prices with the intent to drive competitors out of business is far from helping everyone - it can be a disaster to the future VN economy. It may help in the short term, the consumer but hurt them more later. Not ony could the VN company go bankrupt, but all the "supply chain" companies that relate to that company also go bankupt. The economy of Vietnam may look fine today but if the issue is not addressed with good policy, it can quickly turn bad. Implementation of whatever corrective policies should have a system of checks and balances. Even a good design, if not implemented properly or by incompetent people, is the same as a bad design. So the need for checks and balances. Checks, reports monitoring, and balances (ie. multiple eyes verify ) also allow to adjust and improve the design -- as all plans will require changes/adjustments to be successful..
Did you even listen to the video? The CCP is destroying Vietnam's steel industry. Vietnam would like to have their own steel mills for the sake of Vietnam.
@@timtong1795 there are several issues with this logic. 1. this issue has been going on for decades. this is nothing new. the VN economy has not been destroyed by China. 2. protection of a few thousand jobs vs. 100 million people is bad. 3. having consumers have more money in their pocket will far outweigh a few jobs 4. in addition to this, to jeopardize your number one trading partner over a small amount of people is bad and will effect far more jobs. 5. ask America if losing their steel industry has affected its economy. it has not. 6. China and Russia has been friends of VN in times of need. remember the Vietnam war. 7. the government of VN has the right policy to be friends with all powers. 8. lastly, competition is good. may the more competitive country win. as i stated before all countries provide subsidies for critical industries. look at the chips act in the USA or the farming industry. they are given billions to support those industries. the current government policy has worked quite well. no need to change.
The purpose of this bad youtube is not meant to be fair and rational, it's all about anti-China ranting and propaganda. It's unfortunately part of nationalistic Vietnamese mindset to like to think of China as a threat. If Chinese bring money to VN, then China is bad, if China sells things cheaply to VN, then China is bad. So China is always a threat and always bad. That's what the direction of this video is about.
i dont normally leave multiple comments but this is a rare occasion. (1) Vietnam has cheap labor, thats why factories are moving from china to vietnam for the lower cost, in this case you need to have the cheapest energy and raw material to be competitive in the global stage. if china has cheap steel, clearly it is more competitive than Vietnam's raw material industry. the only smart move would be to design and sell processed good, which also pays more and more profitable. the view stated here is honestly very basic/limited understanding of how global market works. 2) raising tariffs normally leads to trade retaliation. so if you do raise steel tariff, all it does is it dampens Vietnams growth by raising end product cost, there are other cheap labors in South East Asia, Cambodia, Thailand and etc. Factory will just move to a different country. Also, China will raise tariff in an area where Vietnam has competitive advantage, which then hurts the country even more. The whole point of global commerce is so that each local region can adapt, grow and become an expert in an industry, is a free market, free competition and the best wins, which leads better choices and lower costs for end consumers. 3) bro, you are honestly repeating western (american) talking points. America is clearly in decline, slow at first, but when critical mass is reached, the decline will be dramatic and sudden. China is leading the world, honestly it doesn't hurt to have better relations, especially since China is your neighbor. 4) this open hostility is not good for investment. I was thinking of planting some roots in Vietnam, but if this is general sentiment of the country, I rather invest in a country with less political risk. i.e Indonesia, Malaysia or Thailand.
Very well said! I think this youtuber is either getting funding to do anti-China propaganda, or maybe act out of Vietnam nationalism that wants to paint China as its "forever enemy", that China is always around to harm "poor little Vietnam", or just rant against competition from China.
Intresting video,I am going to watch more of your video content,next year I move with my wife to Da Nang I come since the 90 in Vietnam, Vietnam changes quickly,a lot things are much better then 30 years ago,infrastructure,transportation,better quality of food, But on the other side:pollution,corruption,building to much expencive real estate most of the vietnamese can not afford. I am looking forward and despite a lot of cons,we and Vietnam have a great future.......tận hưởng cuộc sống 🌏
I don’t understand why is low price of any product not good? Alright, maybe it is not good for the steel production industry, as the suppliers, but it is good for the users, like building construction companies, because it will reduce their costs, which is also good for property buyers. If my thoughts is not right, please explain. I am not standing on any side. I just want to understand your point.
@@yomofo8608yeah but that's how Capitalism and businesses works ⁉️ How many billions did the US pump in their chip industry ⁉️ Common most countries subsidized their economy ⁉️ ⁉️⁉️⁉️
What a silly thing to do. You have been screwed by US for decades. Just learn to accept that China as upcoming master now and life would be better, simpler and peaeful.
To those Vietnamese who want to smear China, they ignore the existence of Tariffs and WTO that regulate international trades. They are here just to point fingers at China. Maybe either they hate China because of nationalism reasons or economic competition reasons, or they may be receiving funding from US to do anti-China propaganda.
CHINA and Vietnam have a lot of things in COMMON, one in its standards and practices for food Intake as well as the use of its coveted CHOPSTICKS, aside from the QUALITY OF COST OF LIVING that the mentioned countries offers, since both are ESTABLISHED in AGRICULTURE and its numerous BY-PRODUCTS such as FUELS, TEXTILE, FOOD, CONSTRUCTION MATERIALS and INFRASTRUCTURE. CHINA and VIETNAMESE TRADITION as well as RELATIONSHIP SHALL ALWAYS BE as ESTABLISHED, PROTECTING ItS IDENTIFICATION as NATION that observes NATIONALISM and also LOVE OF COUNTRY and CLEANLINESS.**********IMPORTANT*********THANK YOU************
Overcapacity or under productivity and therefore uncompetitive in the market. Economically one has to over produce in order to export the excess and therefore commanding your supply competitiveness advantages
China/Hong Kong has invested over 50 billion dollars in Vietnam, so it's pluses and minuses. The local steel producers are no doubt talking with the Vietnamese government, they should present evidence of exactly what subsidies the Chinese steel producers receive. Actually, overcapacity in the steel industry has been a problem for a long time now. All the major steel producing countries got together some years ago, and agreed to voluntary cuts. This led to older steel factories in China being closed down, leaving the newer more efficient ones.
@@duongglobalbusinessconsulting Well, Vietnamese business organisations should lobby government to make rules: they must hire so many local staff, and they must provide training etc.
@@duongglobalbusinessconsulting You are regurgitating the smearing attacks against China, all those "debt trap" narratives etc. It has long been debunked about China bringing staff to other countries to take over jobs. Most jobs have been given to locals, be the projects in Africa or Sri Lanka or Cambodia or Vietnam.
Cheap means lower quality and standards. VN needs to investigate China steel products and impose tariffs of 70% to protect local businesses and steel manufacturing. Just following USA footsteps.
Vinfast auto assembly in Vietnam but the auto parts was made in China and other countries ( Chinese batteries materials) china used Vietnam and Mexico for avoiding cheaper imports fees and avoiding tariffs from Europe and US and other rich countries
The purpose of this bad youtube is not meant to be fair and rational, it's all about anti-China ranting and propaganda. It's unfortunately part of nationalistic Vietnamese mindset to like to think of China as a threat. If Chinese bring money to VN, then China is bad, if China sells things cheaply to VN, then China is bad. So China is always a threat and always bad. That's what the direction of this video is about.
I'm still waiting for him to make a compelling case on why anyone would want to invest in Vietnam or how this country differentiates from it's neighbors.
Exactly. They should take a hard look at themselves on the mirror and quickly find a solution to be competitive globally.....and not follow the USA's silly market protectionism footsteps which almost guaranteed to hit back 10 times harder.
Whatever, you chinese liar. What the chinese are doing is considered DUMPING, which is ILLEGAL (nooo, I'm shocked). So therefore, this is not considered Free Trade. Therefore, Vietnam and others MUST increase tariffs on these chinese products. That's how you beat cheaters.
But to some people they just want to do smearing attacks instead, rather than to actually act rationally, to try to compete better. They think they will get an ego boost from doing anti-China propaganda.
Suggestion: It may be interesting to know which three cities in Vietnam (1st, 2nd, 3rd most interesting) to buy property to see the biggest profit within the next five years and within the next ten years. Why do you think these areas are best for the individual investor?
I left DaNang four months ago. When I returned about ten days ago, there were changes. Almost all lots near the beach are under construction. My guess is Vietnam will grow over 8% this year. Here in DaNang, almost all of the resturants and cafes near the beach are serving mostly Westerners. It took about ten days to find an apartment at a good price near the beach.Thanks for the interesting programs.
Every governement subsidizes promising industry, nothing wrong and nothing unique. It's fair playing field for all and being competitive, competent and innovative is key to success to global economy.
Yes. But some people like to say "China bad" to cover up all troubles at home. There are also Tariffs and WTO to check for fairness. However, this TH-camr is doing the same US-led anti-China propaganda, maybe he benefits from that. He's regurgitating the nationalistic sentiment of Vietnam to talk badly against China, maybe the rant helps with his ego, to gain credits from Vietnamese..
Dumb idea...tariffs is why usa is going down the crapper instead of mutual benefit and growth. If you're no longer the top dog, you better be friends with the top dog.
What the chinese are doing is considered DUMPING, which is ILLEGAL (nooo, I'm shocked). So therefore, this is not considered Free Trade. Therefore, Vietnam and others MUST increase tariffs on these chinese products.
Do you ever hop over the border to Cambodia. It would be nice if you could make some comparative observations. I've been watching SEA growing before my eyes from my Phnom Penh balcony for over 25 years..... amazing!
China offers lower steel to everyone, how come you see scam out of this ? At the same time, using lower price steel can help VN competitive in global markets
My parents are from Cuba I am curious of economically reformed communist countries I am a Floridian and enjoy everything of business well at least in my opinion
Basically Vietnam is being used by China. What is the implications of this? It means if those products has low quality then the Western would start saying that Vietnam's products is fragile similar to China. Imagine making Made in Vietnam a Made in China 2.0. thank God it wasnt in our country.
Great update as usual Ken - you’re far more informed with the stats worldwide than myself. I couldn’t help thinking while you were reporting that in order to buy a product most of us have to like / support where the product is coming from. There’s no comparison with China vs Vietnam, Vietnam is well liked and China not trusted. When I purchase an item and see it’s made in China I put it back. China has already been warned by the USA that 100% tariffs are coming for automobiles out of Mexico etc. Just the beginning. Karma really is a bitch, it makes wonder just exactly how smart are these leaders. Not at all. One day the world will know that the China virus as Trump called it was intentional. Consequences from above are slow but sure. I hope I’m wrong. Keep up the good work Ken! I’m betting on Vietnam.
Vietnam now is the Good Commie, the same as how China was in the 1970s when China could only build cheap stuffs. But God forbid should one day VN grow and want to move up the value chain, and also Not to play by the US rules, then will see how the narrative change.
I like you mate. I wish you well. There's always room for improvement. Nobody's perfect. And trust me I spoke with you and one of your staff member's. My advice please add one more persons to your group.. 🙏 it's difficult doing things all by yourself or with one assistant as i did for many years. The build anything a business a family a business.. all folks need to have the willpower to do and gain more knowledge and skills. BE well. Buy US dollar it's going to go up
My family owns factories across Asia, including production in China and Vietnam. We didn’t move from China to Vietnam, rather expanded to optimize cash flow and reduce expenses, adding more value to shareholders. International geo-political activities are irrelevant to our family business because at the end of the day only money matters.
I'm not exactly keen on China's tactics but logically all your arguments here sound disorganized at best. China has already been producing cheap steel and if US tariffs just push the excess supply up so that the price drops, then it is more like a unintended consequence between US and China rather than a deliberate conspiracy against Vietnam. This just sounds like alarmist rhetoric, this is not to say that China does not use manipulation for its own benefit only that this particular situation does not seem to be centered around Vietnam. So aside from that there are enough ways to play the availability of cheap steel to where if they reverse the price directly the negative impact of that can be mitigated, the mid tech manufacturing and real estate could become unaffected by just using futures contracts or something like that. For real estate in Vietnam, aren't the majority of it's problems right now due to something else? Where is the steel supply disruption if the price is still so low? Is there a systemic failure in the commodities market such that deliveries are failing?
Focus on manufacturing quality finished products Vietnam. If material is cheap then take advantage of that. Keep the steel mills alive for special steel alloys. China is a tough neighbour to compete with. For now. Folk in China are getting older and poorer. Meanwhile in SEA it's the opposite. It's a long game.
Incapable to compete means government subsidies, please research on Chinese electric cost, production costs (by robot, AI etc) ... then concluded why the price are so cheap 🎉
Vietnam can impose Tariffs and ask WTO to check for fairness. If hating international trading so much, then close the border and produce all things oneself.
Sounds like good ole fashion business competition. If you actually did your homework you would realize state subsidizing industries are common practice.
@@duongglobalbusinessconsulting Thanks for not addressing the message, but resorting to distraction tactics. Is this how your firm conducts business? Whine and complain about events you have no control over? I love planes and aerospace in general but this is an industry heavily subsidize by the US government. I know if I tried to play in that pool they would drown me so I stick with what I know. For a man who claims to be able to help other navigate legalese, you can't seem to make sense of common sense. Maybe your idea of consultanting is coffee date with coffee money after?😅
@@duongglobalbusinessconsultingor maybe you should learn why they complain only when they wanted to ⁉️ Cold War maybe ⁉️ they can't compete ⁉️ they don't benefit anymore ⁉️ ⁉️⁉️⁉️
@@duongglobalbusinessconsulting😂western double standards regulations ⁉️ Dictated by whom ⁉️ one eye open one eye closed ⁉️ To whom ever they want 😂 ⁉️⁉️⁉️
Is good to have a cheap raw material source, it lowers your production costs of finished goods. IMO this is a biased/flawed point of view. I like your real estate videos but this video is just nonsense, borderline propaganda
@@duongglobalbusinessconsulting Amazing that China is so sneaky trying to destroy Vietnam's economy by selling steel at a price that is more competitive than other sources. China always up to no good trying to sell products at competitive prices. Hope Vietnam can see through this obvious rouse by buying more expensive steel from other countries. Vietnamese consumers will definitely appreciate apartments made with non-Chinese steel. Vietnam should use this opportunity to put up lots of trade barriers on all Chinese products and ban Chinese FDI which is just another way the CPC is trying to destroy Vietnam. Vietnam also needs to deal with its over capacity in durians. Vietnam produces way more durians than the country can possibly consume on its own. China should open an anti-dumping investigation.
@@duongglobalbusinessconsultingif I am manufacturing steel products in Vietnam, then having the cheapest source will lower my cost and increase my profit when I export my finished goods aboard. Compared to China, Vietnam has still a lot of cheap labour, imo, as a business, using cheap raw material and cheapest labour will produce the highest profit. That is why a lot of companies are setting up factories outside of China in Thailand/Vietnam. Americans clearly want to take down China, that’s why they are spreading a lot of tension between China and its neighbouring countries. Unfortunately, China did get caught in these situations with Japan, Phillipines and now looking like Vietnam. America is clearly in decline, and is responsible for so much of the chaos in the world. China prior to the provocation has shown it wants to invest in other countries via Belt & Road Initiatives. I believe the tide in the world is changing slowly, once it reaches critical mass, things will change dramatically suddenly. China is your country’s neighbour, and it is a global superpower. I think it would be difficult to challenge China head on with what you are suggesting. There are always ways to prosper together in harmony. From what you have shown me in your past videos, Vietnam’s is clearly a country with great potential, but if your view really reflects the view of your country, it will effect many investors, myself included to invest in a more neutral country in the region, specially atm Thailand.
Its market competition. You cant compete on cheaper labour alone anymore, honestly its not ccp its just business...and the chinese is impossible to beat now since technology yhe high end of the production spectrum they are at the top and moving to number 1.
I saw Vietnam production are very inefficient and not environmentally oriented, steel production needs very high quality infrastructure and skills, I don’t think people in business want to lose money, ccp bashing are the trend to increase brain washed subscriber.
100% correct. When people cannot compete, they resort in accusing, attacking, tariffs, protectionism, ... like US and EU raising tariffs on China EV imports, But is okey to import Vinfast Evs manufactured in Vietnam. Or car manufactured in South Kore, Japan, Germany, ... Awful.
Ken, are you listening to yourself? How's cheaper steel bad for Vietnamese consumers. is it ok for the Vietnamese steel industry to monopoly the market price in Viet nam just like it's corrupted one political party?
@@duongglobalbusinessconsulting you meant western regulations that mostly design to benefit the west ⁉️ And who enforced them only when they want to ⁉️ ⁉️⁉️⁉️
@@duongglobalbusinessconsulting FFS Ken, can you provide me link to the result of the investigation? No you can not because the FTML not yet started investigation...but you already spewing your BS guilty verdict
@@duongglobalbusinessconsulting Then impose heavier Tariffs and complain to WTO if Vietnam believes it has a case, rather than to scream out "China bad". Do you attacks against your classmates when they get better grades than you? That's what you are doing here, regurgitate smearing attacks against China to either let out nationalistic rants, or to get some favor from the US tio show how Vietnamese are willing to help to contain China. Wholesome ... Not.
With all my heart I want to see Vietnam success. Today the problem may be China, tomorrow maybe India. I believe Vietnam can start with improving policies and infra structures. I can't even find a licence engineer in the whole country can you believe it?
Increase taxes on Imports that affect Local manufatures . . VN Anti corruption Policy should oversee what is being done to level the competition and protect the local production companies . 💪🏼👍💪🏼
I view it as an opportunity even, the same goes to how China & India buying cheap oil from Russia and hoarding it now. You should buy more and stock it now if the price is low enough to induce you to procure it now for future use. Steel is a comodity that won't get rotten esily, I believe one day it will become scarce too.
VN just needs to stop steel imports from China if they are really in trouble, so why complaining if VN still needs cheap steel imports.Why making so mush fuss and noise for nothing about something that is just piece of cake?
If I were the steel manufactureres of Vietnam, I would gather all Vietname's steel manufacturers to join a special corporation to gather the capital and then buy more China's steel and stock it instead and then apply the sole licence to distribute this raw material in Vietname and make easy profits thereform; this profits will share among all the members then or reinvest for buying more China's steels at a very tempted price, but of course this is unfair to all the end-users and consumers of Vietname because they can't enjoy the benefits of lower cost anymore.
Vietnam import cheap steel from china and then export to usa to make profit
The US government is not that naive.
@@gaolutsoctrang4507 actually the US government is nothing but a global Dictator.
🤭🤭🤭 . How they destroy vietnam with such evil tactics ⁉️
Loas, Cambodia,
🍊🍊🍊
@@gaolutsoctrang4507 what's the plan ⁉️ want to use Taiwan, Philippines, Vietnam as the next proxy war ⁉️
US is a Joke with all those propaganda, demonizing other countries like Russia , China , Palestin, Iran etc etc.
@@thienkim1754 The frog in the well
@@gaolutsoctrang4507 The blind leading the blind ⁉️
🙄🙄🙄 guess U live in the US ⁉️
Never once you mention the defeat of the American Pitbull ⁉️
🇻🇳✌🇻🇳 unification
🍌⁉️🍌 Y out W in ⁉️
Not too long ago Vietnam was found guilty of laundering steel on behalf of china. What happened is Vietnam imported steel from China and rebranded made in Vietnam to help China escaped the US embargo. So the story of Vietnam steel industry is not that important an issue.
That’s trading nothing wrong with that buy cheap sell for a profit
@@two02ful my point is Since China controls Vietnam, the idea China attacks the steel industry in Vietnam is moot.
Now China colludes with Cambodia to steal fresh water of Mekong to starve the plains of South Vietnam will cause loss of rice crops.To kill Vietnam economy, Vietnam will succumb to China rules .A vassal state like Vietnam will not challenge China forever.
Think Russian oil / gas.
@@dyrectory_com 🤭 exactly
The west complaining about india buying Russian Energy 🙄 funding the war ⁉️
What does EU Do , the exact same thing 🙃 from A third party like india .
🤣 why North stream 🤣
If Vietnam does not like it, China can also consider shifting investment to other Southeast Asian countries.
Australia supports our friends and family in Vietnam. Trade with us. 🇻🇳 🇦🇺
Funny why folks complaint high prices and now prices are low and they are still complaining. What exactly do these folks want?
Free 😮
Where are you seeing low prices? And what do you mean by low? Some area seem to be seeing prices increases of 10%, 20%, 30%. 30% increase for rentals within a few months in some areas is just a bit head spinning.
Folks want low price for a long period of time (price and stability). If the low price is unfair (due to subsidies) with the goal of driving the competitors out of business then it is not good. Why? when there is few competitors then whoever left dictate the flow of goods and prices. They can then throttle production to boost prices and you are now under control by "them"....
sure, in the short term there may be price instability but it is difficult to believe that China is the only steel producer in this world. So in the long term the market will correct itself so let supply and demand take their course. Lower price is always good for the consumers.
btw, when materials are at lower price, this provides more incentive for companies to invest as the video stated that the number of metric tons of imported steel has gone up. Imagine if the government slaps a 70% tariff on the imported steel, do you think that the companies would continue to purchase the same amount of steel?
After watching and listening to your explanation I am curious. You said Vietnam have their own steel production so why are your own companies not buying steel made in Vietnam instead of buying from China. Yes, it is cheaper but you can also compete with their prices right?. Vietnam manpower is much cheaper than China today, so labour is cheaper than China. 2ndly, local produced need not be shipped, they can be transported directly to local buyers, so save cost of transport from China. China subsidizing their steel production is not the only question that can be raise. Vietnam were or are very happy when big Chinese companies (mobile phones, shoes, clothing etc etc) shifted their factories over the Vietnam due to higher labour cost in China. I did not hear Vietnam protesting against this business. China is one of your biggest buyer of timbers, are you complaining about that?. Over a certain period, there was a massive outflow of Vietnamese workers over to Shenzhen, thus sending their income back to Vietnam - no complain too?. Listening to your explanation tell me that Vietnam wish to earn money on every sector of industries but complain when they are face with competition?.
He is paid to preach USA Janet Yellen holly gospel of China subsidies it steel industries so China can sell it steel at lower price and therefore cause damage to Vietnam steel industries.
This guy is talking crap. Vietnam is equal to only one of China's provinces. VN lacks stable electricity, infrastructure, educated population and workers to compete aggressively. That's why VN clings to China so closely. The ambivalent love/hate with China means VN needs Chinese companies and business to prosper, why the first nation to visit Xi after his inauguration of a third term was VN's premier. With this inflow of Chinese companies and the ever growing trade, lifting the VN peoples' living standards VN is on the right track. Compared with the US who comes and only lectures and threatens, (and killed so many VN in 1960) China is a saint.
It seems like the purpose of his nonsensical anti Chinese rant is to wards the end of his video where he is trying to promote his consulting business for western companies navigating the VN economic landscape. Probably most of these “dumped” Chinese steel are used for VN infrastructure and the VN steel can be imported to the West bypassing tariffs against Chinese steel. A win for VN by playing both sides.
这个频道只是黑中国的, 不管怎么样中国总是不对的
Always enjoy your insight on what is going on in Vietnam....great insight...thanks
Vietnam needs consistent power supplies from China to operate its own manufacturing productions. Not to mention, Vietnam relies on production chains from China to make its own goods. At this point, Vietnam literally cannot survive without China. Love or hate China, this is the reality.
Vietnam thinks they are better than China, so they don't want to take opportunities from China.
"Vietnam literally cannot survive without China"?? Are you serious? China needs Vietnam to survive as a result of high tariffs on Chinese exports to the US.
If China closes its borders, no trade will be made, and Vietnam's economy will collapse. Cambodia, on the other hand, definitely will not do business with Vietnam due to territory lost to Vietnam. Does Vietnam trade with the USA? Expensive goods? Also, Vietnam's inflation is rising by 6% every year.
@@gaolutsoctrang4507 If China closes its borders, no trade will be made, and Vietnam's economy will collapse. Cambodia, on the other hand, definitely will not do business with Vietnam due to territory lost to Vietnam. Does Vietnam trade with the USA? Expensive goods? Also, Vietnam's inflation is rising by 6% every year.
@@isthisme-ct9fe Who cares? Here's the truth! No matter how many times they have closed the borders, Vietnam's economy keeps thriving.
China stopped their incentives for steel a few years ago. There have been quite a lot of mergers for the better managed companies to take over unprofitable ones. It's no longer Baosteel, it's now called Baowu as the weaker Wugang was taken over. The main reason for the cheaper chinese steel is sheer scale, even then the smaller Chinese producers will not survive. Worldwide this has been happening as well, Nippon steel merged with Sumitomo metals about a decade ago. The root cause of all this was reckless expansion of steel capacity by chinese provincial governments.
USA and EU subsidies heavily its key industries yet many perished, why? The people and its culture that make the absolute difference! Now you understand?
Love your content and I probably knows more about how Vietnam is than I will ever know. So I appreciate you.
Cheap Chinese steel is precisely what is enabling Vietnam's construction boom. Cheap Chinese steel is also a major driver of Vietnam's GDP growth and the rise in living standards of Vietnamese people. If Vietnam's top priority is economic development and prosperity for its people then it would be a very unwise move to impose tariffs on Chinese steel. It would in general be a very bad idea for Vietnam as an emerging and booming economy to follow in the footsteps of the US with protectionist policies that hurt its own growth and development...
To those Vietnamese who want to smear China, they ignore the existence of Tariffs and WTO that regulate international trades. They are here just to point fingers at China. Maybe either they hate China because of nationalism reasons or economic competition reasons, or they may be receiving funding from US to do anti-China propaganda.
I find the information valuable, and I like to hear your soothing and charming voice, and I enjoy your witty banter. So I have long been a part of the 20%.
Thank you for being with us! 😊
@@duongglobalbusinessconsulting China is the boogey man. Whenever other countries can't compete with China, China is "agressive" LMAO
Funny, I was reading this exact comment as he was saying it in the video.
You complaining because imports steel are cheap? Isn’t it good for the consumers or you rather have massive inflation? Over capacity, This is a stupid argument mr Duong! Obviously someone is liking it if they are importing from China.
When we point something out, don't be in the group who looks at the finger.
If a country is importing instead of buying locally, there will be no jobs for the local ppl, and that will be bad for the economy. That's why other countries have to slap tariffs on products from countries that dump their goods on the international market.
My understanding : susidised goods are not sustainable forever, it is designed to get competitors out of the market and when competitors are out, and no longer any competition, then the "winner" can manipulate the market supply and prices. At the same time, the losing country has lost that manufacturing base, rise in unemployment and lower standard of living. Hence why the title of this video that China wants to destroy Vietnam's economy.
@@melcomc19seriously steel can crumble the Vietnamese economy ⁉️
How big is the local steel company ⁉️ or are they mostly foreign own ⁉️
Wouldn't local traders of steel make money ⁉️ and can also reinvest into other or expand their company and businesses ⁉️
⁉️⁉️⁉️
@@duongglobalbusinessconsulting😂 they're just pointing back something else ⁉️ NO⁉️
Shouldn't people question the information or informers.
People can say you're taking profits and jobs from Vietnamese ⁉️
But you can also say, you're creating jobs and investments in Vietnam ⁉️
😂 just saying ⁉️
⁉️⁉️⁉️
With the the slowdown in China's economic growth partially caused by the collapse of China's real property sector highlighted by the struggles of property giants Evergrande, Country Garden and Vanke, China has no choice but to export steel, cement and other construction materials to prevent the collapse of companies producing construction materials.
China is exporting cheap steel and other construction materials worldwide, prompting the imposition of heavy tarrifs by many countries on Chinese made products.
BMW and Mercedes Benz too are make in China so because of the real estate problem those cars should be exported at basement price too, right? Come on! The freaking problem are cause by USA alone by steering up war and conflict everywhere! Thats the bloody problem!
yes, true, china is economically collapsing right now, so the revolutions we seeing is not shown in public, china has a major violent revolution going on and is blocked out from the outside world, this is true.
Nobody forces anybody to buy anything! The reason you buy because is Profitable and help your small economy developing.
That's why regulations are needed. The collapse of local industries are detrimental to a country in the long term. Think why almost every country prohibits local monopolies. China is aiming for international monopoly by undercutting its competitors. China can do that because of its vast financial resources.
Thanks for telling the real truth brother
Wouldn't be surprised if you are being paid by the u s ci..a to forment discontent in asia.
well cheap steel means cheaper prices which helps everyone. subsidies is not anything new. all countries provide subsides. do you want VN to be dependent on the USA? the USA has a habit of telling countries who they can trade with. do you want VN to be a vassal of America. Ask South Korea and Japan how well their economy is doing? a sight tariff is ok. remember who your top trading partner is. china will always be a top trading partner. the USA is an ocean away.
Artificial cheap prices with the intent to drive competitors out of business is far from helping everyone - it can be a disaster to the future VN economy. It may help in the short term, the consumer but hurt them more later. Not ony could the VN company go bankrupt, but all the "supply chain" companies that relate to that company also go bankupt. The economy of Vietnam may look fine today but if the issue is not addressed with good policy, it can quickly turn bad. Implementation of whatever corrective policies should have a system of checks and balances. Even a good design, if not implemented properly or by incompetent people, is the same as a bad design. So the need for checks and balances. Checks, reports monitoring, and balances (ie. multiple eyes verify ) also allow to adjust and improve the design -- as all plans will require changes/adjustments to be successful..
Did you even listen to the video? The CCP is destroying Vietnam's steel industry. Vietnam would like to have their own steel mills for the sake of Vietnam.
@@timtong1795 there are several issues with this logic. 1. this issue has been going on for decades. this is nothing new. the VN economy has not been destroyed by China. 2. protection of a few thousand jobs vs. 100 million people is bad. 3. having consumers have more money in their pocket will far outweigh a few jobs 4. in addition to this, to jeopardize your number one trading partner over a small amount of people is bad and will effect far more jobs. 5. ask America if losing their steel industry has affected its economy. it has not. 6. China and Russia has been friends of VN in times of need. remember the Vietnam war. 7. the government of VN has the right policy to be friends with all powers. 8. lastly, competition is good. may the more competitive country win. as i stated before all countries provide subsidies for critical industries. look at the chips act in the USA or the farming industry. they are given billions to support those industries. the current government policy has worked quite well. no need to change.
The purpose of this bad youtube is not meant to be fair and rational, it's all about anti-China ranting and propaganda. It's unfortunately part of nationalistic Vietnamese mindset to like to think of China as a threat. If Chinese bring money to VN, then China is bad, if China sells things cheaply to VN, then China is bad. So China is always a threat and always bad. That's what the direction of this video is about.
i dont normally leave multiple comments but this is a rare occasion.
(1) Vietnam has cheap labor, thats why factories are moving from china to vietnam for the lower cost, in this case you need to have the cheapest energy and raw material to be competitive in the global stage. if china has cheap steel, clearly it is more competitive than Vietnam's raw material industry. the only smart move would be to design and sell processed good, which also pays more and more profitable.
the view stated here is honestly very basic/limited understanding of how global market works.
2) raising tariffs normally leads to trade retaliation. so if you do raise steel tariff, all it does is it dampens Vietnams growth by raising end product cost, there are other cheap labors in South East Asia, Cambodia, Thailand and etc. Factory will just move to a different country. Also, China will raise tariff in an area where Vietnam has competitive advantage, which then hurts the country even more. The whole point of global commerce is so that each local region can adapt, grow and become an expert in an industry, is a free market, free competition and the best wins, which leads better choices and lower costs for end consumers.
3) bro, you are honestly repeating western (american) talking points. America is clearly in decline, slow at first, but when critical mass is reached, the decline will be dramatic and sudden. China is leading the world, honestly it doesn't hurt to have better relations, especially since China is your neighbor.
4) this open hostility is not good for investment. I was thinking of planting some roots in Vietnam, but if this is general sentiment of the country, I rather invest in a country with less political risk. i.e Indonesia, Malaysia or Thailand.
I'm sure you're aware of BRICS. BTW, great reply. Multipolar world is happening. There are two camps... G7 and BRICS+
@@dyrectory_com brics is a great idea, but at the moment is just a club, no requirements or benefits. but is a start of something
@@dyrectory_com trust BRICS if u wanna shit bricks.
Very well said!
I think this youtuber is either getting funding to do anti-China propaganda, or maybe act out of Vietnam nationalism that wants to paint China as its "forever enemy", that China is always around to harm "poor little Vietnam", or just rant against competition from China.
Intresting video,I am going to watch more of your video content,next year I move with my wife to Da Nang
I come since the 90 in Vietnam, Vietnam changes quickly,a lot things are much better then 30 years ago,infrastructure,transportation,better quality of food,
But on the other side:pollution,corruption,building to much expencive real estate most of the vietnamese can not afford.
I am looking forward and despite a lot of cons,we and Vietnam have a great future.......tận hưởng cuộc sống
🌏
Same here in the Philippines..
I don’t understand why is low price of any product not good? Alright, maybe it is not good for the steel production industry, as the suppliers, but it is good for the users, like building construction companies, because it will reduce their costs, which is also good for property buyers. If my thoughts is not right, please explain. I am not standing on any side. I just want to understand your point.
low prices are link to low quality on products. however, most price range is markup due to middleman increase % from greed.
Yeah. Steel workers don't need jobs because everything is so cheap.
@@yomofo8608yeah but that's how Capitalism and businesses works ⁉️
How many billions did the US pump in their chip industry ⁉️
Common most countries subsidized their economy ⁉️
⁉️⁉️⁉️
China refuses to mfg quality..
Complaining about price being too high, then complaining about prices be too low? Sore losers can only complain.
Just increase the import taxes for steel coming from China …..
Ken rather just promote Chinese hate. lol
Subsidizing the Vietnamese steel industry is not the answer
What a silly thing to do. You have been screwed by US for decades. Just learn to accept that China as upcoming master now and life would be better, simpler and peaeful.
@@faustinodibauda251 So why is your chinese gov doing it?
@@luongo7886 a dog that continue to play politic.
Have condo prices dropped significantly or still expensive?
Aren't there anti dumping laws in VN?
To those Vietnamese who want to smear China, they ignore the existence of Tariffs and WTO that regulate international trades. They are here just to point fingers at China. Maybe either they hate China because of nationalism reasons or economic competition reasons, or they may be receiving funding from US to do anti-China propaganda.
Vietnam snubbed Japan the other day and gave the high speed project to China
CHINA and Vietnam have a lot of things in COMMON, one in its standards and practices for food Intake as well as the use of its coveted CHOPSTICKS, aside from the QUALITY OF COST OF LIVING that the mentioned countries offers, since both are ESTABLISHED in AGRICULTURE and its numerous BY-PRODUCTS such as FUELS, TEXTILE, FOOD, CONSTRUCTION MATERIALS and INFRASTRUCTURE. CHINA and VIETNAMESE TRADITION as well as RELATIONSHIP SHALL ALWAYS BE as ESTABLISHED, PROTECTING ItS IDENTIFICATION as NATION that observes NATIONALISM and also LOVE OF COUNTRY and CLEANLINESS.**********IMPORTANT*********THANK YOU************
It is called competition - just do better and you have nothing to worry .. make a better mouse trap !
better, faster, cheaper. an oligarch wet dream.
Instead of do better to compete, some people prefer to do Smearing Attacks. Very childish behavior, but that's how some people are.
Mr. Duong, you are a brave man.
I think he just wants to make everyone to hate China with all his biased opinions.
Overcapacity or under productivity and therefore uncompetitive in the market.
Economically one has to over produce in order to export the excess and therefore commanding your supply competitiveness advantages
Thanks for the summary.
China/Hong Kong has invested over 50 billion dollars in Vietnam, so it's pluses and minuses. The local steel producers are no doubt talking with the Vietnamese government, they should present evidence of exactly what subsidies the Chinese steel producers receive.
Actually, overcapacity in the steel industry has been a problem for a long time now. All the major steel producing countries got together some years ago, and agreed to voluntary cuts. This led to older steel factories in China being closed down, leaving the newer more efficient ones.
They have invested into creating their own factories and relocate their own Chinese staff to Vietnam. This is not helping Vietnam.
@@duongglobalbusinessconsulting Well, Vietnamese business organisations should lobby government to make rules: they must hire so many local staff, and they must provide training etc.
@@duongglobalbusinessconsulting You are regurgitating the smearing attacks against China, all those "debt trap" narratives etc. It has long been debunked about China bringing staff to other countries to take over jobs. Most jobs have been given to locals, be the projects in Africa or Sri Lanka or Cambodia or Vietnam.
Cheap means lower quality and standards.
VN needs to investigate China steel products and impose tariffs of 70% to protect local businesses and steel manufacturing. Just following USA footsteps.
Can Vietnam able to withstand China sanction? USA national are already going thru a exorbitant inflation without food and shelters!
Vinfast auto assembly in Vietnam but the auto parts was made in China and other countries ( Chinese batteries materials) china used Vietnam and Mexico for avoiding cheaper imports fees and avoiding tariffs from Europe and US and other rich countries
Need to be balance as cheaper price benefit customers …. Not just few Steel industrial big boss - inflation already very high in Vietnam
They say the same BS in Chile, South America. Every country blaming China for its poor performance. Sometimes you have to blame yourself.
The purpose of this bad youtube is not meant to be fair and rational, it's all about anti-China ranting and propaganda. It's unfortunately part of nationalistic Vietnamese mindset to like to think of China as a threat. If Chinese bring money to VN, then China is bad, if China sells things cheaply to VN, then China is bad. So China is always a threat and always bad. That's what the direction of this video is about.
I'm still waiting for him to make a compelling case on why anyone would want to invest in Vietnam or how this country differentiates from it's neighbors.
Well this TH-camr is doing anti-China propaganda. So he wants a gang to have the same sentiment.
How is the quality of the steel import from china..? Does it pass the standard of building material..?
Thanks!
Thank you, Brian, for your support. We certainly appreciate it.
The steel producers in Vietnam need to be more competitive
Exactly. They should take a hard look at themselves on the mirror and quickly find a solution to be competitive globally.....and not follow the USA's silly market protectionism footsteps which almost guaranteed to hit back 10 times harder.
Whatever, you chinese liar.
What the chinese are doing is considered DUMPING, which is ILLEGAL (nooo, I'm shocked). So therefore, this is not considered Free Trade. Therefore, Vietnam and others MUST increase tariffs on these chinese products.
That's how you beat cheaters.
@@eoky No one asks you for your cheap chinese propaganda.
china should take a hard look at their UGLY CHEATING faces whenever they cheat and lie.
May be they can pay the workers 5 cent/hour.
But to some people they just want to do smearing attacks instead, rather than to actually act rationally, to try to compete better. They think they will get an ego boost from doing anti-China propaganda.
Any country would love to have over capacity. The problem is that to do this you must have supply chain and money.
Suggestion: It may be interesting to know which three cities in Vietnam (1st, 2nd, 3rd most interesting) to buy property to see the biggest profit within the next five years and within the next ten years. Why do you think these areas are best for the individual investor?
Did you know that the row material of steel is came from the philippines..
Economic pressure for s.c.sea..Vietnam steel also expensive in laos Cambodia. Likely China steel
Wow
I left DaNang four months ago. When I returned about ten days ago, there were changes. Almost all lots near the beach are under construction. My guess is Vietnam will grow over 8% this year. Here in DaNang, almost all of the resturants and cafes near the beach are serving mostly Westerners. It took about ten days to find an apartment at a good price near the beach.Thanks for the interesting programs.
Thanks for sharing.
China needs to overproduce and export as much as it can to push up GDP growth.
Every governement subsidizes promising industry, nothing wrong and nothing unique. It's fair playing field for all and being competitive, competent and innovative is key to success to global economy.
Yes. But some people like to say "China bad" to cover up all troubles at home. There are also Tariffs and WTO to check for fairness. However, this TH-camr is doing the same US-led anti-China propaganda, maybe he benefits from that. He's regurgitating the nationalistic sentiment of Vietnam to talk badly against China, maybe the rant helps with his ego, to gain credits from Vietnamese..
Been warning my students about this for a year
tough competition man. tough competition. lol
Vietnam should boost tariffs on Chinese goods.
Vietnamese govt is run by chinese interests though 😅
Dumb idea...tariffs is why usa is going down the crapper instead of mutual benefit and growth. If you're no longer the top dog, you better be friends with the top dog.
It is Not a good idea since Vietnam exports a lot of things to China.
@@blipblop92absolutely not. Why would there still be disputes over SCS territory then? If you’re talking ab Chinese investment though, sure.
What the chinese are doing is considered DUMPING, which is ILLEGAL (nooo, I'm shocked). So therefore, this is not considered Free Trade. Therefore, Vietnam and others MUST increase tariffs on these chinese products.
Do you ever hop over the border to Cambodia.
It would be nice if you could make some comparative observations.
I've been watching SEA growing before my eyes from my Phnom Penh balcony for over 25 years..... amazing!
What does that have to do with this topic?
@@luongo7886 what does it matter?
Vietnam is not an island, so there's that.
Control the distribution of steel, as Japan does with cars, via Yanase.
China offers lower steel to everyone, how come you see scam out of this ? At the same time, using lower price steel can help VN competitive in global markets
The point of this youtuber is to do anti-China propaganda.
My parents are from Cuba I am curious of economically reformed communist countries I am a Floridian and enjoy everything of business well at least in my opinion
I have watched his channel before I believe this man is a US citizen (Vietnamese origin doing business in Vietnam)
Exactly. Please watch it more often and you will know it rather than believing it.
Basically Vietnam is being used by China. What is the implications of this? It means if those products has low quality then the Western would start saying that Vietnam's products is fragile similar to China.
Imagine making Made in Vietnam a Made in China 2.0. thank God it wasnt in our country.
Loved your videos from India❤
Great update as usual Ken - you’re far more informed with the stats worldwide than myself. I couldn’t help thinking while you were reporting that in order to buy a product most of us have to like / support where the product is coming from. There’s no comparison with China vs Vietnam, Vietnam is well liked and China not trusted. When I purchase an item and see it’s made in China I put it back. China has already been warned by the USA that 100% tariffs are coming for automobiles out of Mexico etc. Just the beginning.
Karma really is a bitch, it makes wonder just exactly how smart are these leaders. Not at all.
One day the world will know that the China virus as Trump called it was intentional. Consequences from above are slow but sure. I hope I’m wrong.
Keep up the good work Ken!
I’m betting on Vietnam.
Vietnam now is the Good Commie, the same as how China was in the 1970s when China could only build cheap stuffs. But God forbid should one day VN grow and want to move up the value chain, and also Not to play by the US rules, then will see how the narrative change.
Totally agree with your thoughts. And yes, I'm subscribed.
I like you mate. I wish you well. There's always room for improvement. Nobody's perfect. And trust me I spoke with you and one of your staff member's. My advice please add one more persons to your group.. 🙏 it's difficult doing things all by yourself or with one assistant as i did for many years. The build anything a business a family a business.. all folks need to have the willpower to do and gain more knowledge and skills. BE well. Buy US dollar it's going to go up
It's your soothing voice
China move more companies to Vietnam, and help Vietnam build more power plants to help Vietnam with hugh defisits of electricity.
My family owns factories across Asia, including production in China and Vietnam. We didn’t move from China to Vietnam, rather expanded to optimize cash flow and reduce expenses, adding more value to shareholders. International geo-political activities are irrelevant to our family business because at the end of the day only money matters.
This is steel that would have gone to belt and road projects.
When Vietnam holdings US Ball's forget about China. Now blame China destroying your economy. Don't drink two cups of tea
I'm not exactly keen on China's tactics but logically all your arguments here sound disorganized at best. China has already been producing cheap steel and if US tariffs just push the excess supply up so that the price drops, then it is more like a unintended consequence between US and China rather than a deliberate conspiracy against Vietnam. This just sounds like alarmist rhetoric, this is not to say that China does not use manipulation for its own benefit only that this particular situation does not seem to be centered around Vietnam.
So aside from that there are enough ways to play the availability of cheap steel to where if they reverse the price directly the negative impact of that can be mitigated, the mid tech manufacturing and real estate could become unaffected by just using futures contracts or something like that. For real estate in Vietnam, aren't the majority of it's problems right now due to something else? Where is the steel supply disruption if the price is still so low? Is there a systemic failure in the commodities market such that deliveries are failing?
This video is anti-Chia rants and propaganda. It's not meant to be rational, but just to show hates against China.
Ha Ha Ha another item of overcapacity? Flooding the Vietnamese market, destroying the local competitiveness.
Vietnam must put tariffs on Chinese steel
horns sound is hard to focus on the video 😅
Focus on manufacturing quality finished products Vietnam.
If material is cheap then take advantage of that.
Keep the steel mills alive for special steel alloys.
China is a tough neighbour to compete with.
For now.
Folk in China are getting older and poorer. Meanwhile in SEA it's the opposite.
It's a long game.
Incapable to compete means government subsidies, please research on Chinese electric cost, production costs (by robot, AI etc) ... then concluded why the price are so cheap 🎉
Vietnam can impose Tariffs and ask WTO to check for fairness. If hating international trading so much, then close the border and produce all things oneself.
Apply 100% Tariffs all Chinese Steels.
Sounds like good ole fashion business competition. If you actually did your homework you would realize state subsidizing industries are common practice.
Or perhaps, you could start by learning more about anti-dumping regulations and WTO SCM Agreement.
@@duongglobalbusinessconsulting Thanks for not addressing the message, but resorting to distraction tactics. Is this how your firm conducts business? Whine and complain about events you have no control over? I love planes and aerospace in general but this is an industry heavily subsidize by the US government. I know if I tried to play in that pool they would drown me so I stick with what I know. For a man who claims to be able to help other navigate legalese, you can't seem to make sense of common sense. Maybe your idea of consultanting is coffee date with coffee money after?😅
@@duongglobalbusinessconsultingor maybe you should learn why they complain only when they wanted to ⁉️
Cold War maybe ⁉️ they can't compete ⁉️ they don't benefit anymore ⁉️
⁉️⁉️⁉️
@@duongglobalbusinessconsulting😂western double standards regulations ⁉️
Dictated by whom ⁉️ one eye open one eye closed ⁉️
To whom ever they want 😂
⁉️⁉️⁉️
Say hello to present Putin 🙂 He is in Vietnam now !
Is good to have a cheap raw material source, it lowers your production costs of finished goods. IMO this is a biased/flawed point of view. I like your real estate videos but this video is just nonsense, borderline propaganda
It is no longer good when too much of a raw material comes from one source. It becomes dependency and it creates control. But thanks for commenting.
@@duongglobalbusinessconsulting Amazing that China is so sneaky trying to destroy Vietnam's economy by selling steel at a price that is more competitive than other sources. China always up to no good trying to sell products at competitive prices. Hope Vietnam can see through this obvious rouse by buying more expensive steel from other countries. Vietnamese consumers will definitely appreciate apartments made with non-Chinese steel. Vietnam should use this opportunity to put up lots of trade barriers on all Chinese products and ban Chinese FDI which is just another way the CPC is trying to destroy Vietnam. Vietnam also needs to deal with its over capacity in durians. Vietnam produces way more durians than the country can possibly consume on its own. China should open an anti-dumping investigation.
Durians have no impacts on infrastructure and real estate.
@@duongglobalbusinessconsultingif I am manufacturing steel products in Vietnam, then having the cheapest source will lower my cost and increase my profit when I export my finished goods aboard.
Compared to China, Vietnam has still a lot of cheap labour, imo, as a business, using cheap raw material and cheapest labour will produce the highest profit. That is why a lot of companies are setting up factories outside of China in Thailand/Vietnam.
Americans clearly want to take down China, that’s why they are spreading a lot of tension between China and its neighbouring countries. Unfortunately, China did get caught in these situations with Japan, Phillipines and now looking like Vietnam.
America is clearly in decline, and is responsible for so much of the chaos in the world. China prior to the provocation has shown it wants to invest in other countries via Belt & Road Initiatives.
I believe the tide in the world is changing slowly, once it reaches critical mass, things will change dramatically suddenly. China is your country’s neighbour, and it is a global superpower. I think it would be difficult to challenge China head on with what you are suggesting. There are always ways to prosper together in harmony.
From what you have shown me in your past videos, Vietnam’s is clearly a country with great potential, but if your view really reflects the view of your country, it will effect many investors, myself included to invest in a more neutral country in the region, specially atm Thailand.
This video IS anti-China propaganda.
Excellent vid, Ken.
Its market competition. You cant compete on cheaper labour alone anymore, honestly its not ccp its just business...and the chinese is impossible to beat now since technology yhe high end of the production spectrum they are at the top and moving to number 1.
I saw Vietnam production are very inefficient and not environmentally oriented, steel production needs very high quality infrastructure and skills, I don’t think people in business want to lose money, ccp bashing are the trend to increase brain washed subscriber.
100% correct.
When people cannot compete, they resort in accusing, attacking, tariffs, protectionism, ... like US and EU raising tariffs on China EV imports, But is okey to import Vinfast Evs manufactured in Vietnam. Or car manufactured in South Kore, Japan, Germany, ... Awful.
Figure a way to complete and stop whining and crying like the US.
PROSPERITY WILL COME TO VIETNAM, LET THOSE COMPANIES INVEST IN VIETNAM.
Please do more homework about the supply and demand market. You are full of .....
Or perhaps, you could start by learning more about anti-dumping regulations and WTO SCM Agreement.
Ken, are you listening to yourself? How's cheaper steel bad for Vietnamese consumers. is it ok for the Vietnamese steel industry to monopoly the market price in Viet nam just like it's corrupted one political party?
It has nothing to do with how cheap per se. It is about illegal dumping practices and SCM regulations.
@@duongglobalbusinessconsulting you meant western regulations that mostly design to benefit the west ⁉️
And who enforced them only when they want to ⁉️
⁉️⁉️⁉️
@@duongglobalbusinessconsulting FFS Ken, can you provide me link to the result of the investigation? No you can not because the FTML not yet started investigation...but you already spewing your BS guilty verdict
@@duongglobalbusinessconsulting Then impose heavier Tariffs and complain to WTO if Vietnam believes it has a case, rather than to scream out "China bad". Do you attacks against your classmates when they get better grades than you? That's what you are doing here, regurgitate smearing attacks against China to either let out nationalistic rants, or to get some favor from the US tio show how Vietnamese are willing to help to contain China. Wholesome ... Not.
Stay tuned for the next episode when Ken complains about Vietnam buying cheap Russian oil. lol
Business is for profits, increase your tariffs on Chinese goods, stop buying Chinese products and stop crying loud !!! COMPETITION .
Helping US companies...😂😂😂😂😂 silent admission of US propangandist..duhhhhh
We are a U.S. law firm. Why wouldn’t we help US companies? Would you make the same comment on a Chinese-owned channel?
Too much misinformation here don't know where to start
You can start with your comment.
Do you know how much a ton was the steel price before covid and how much is it today? Then you'll see what you say is full of holes
With all my heart I want to see Vietnam success. Today the problem may be China, tomorrow maybe India. I believe Vietnam can start with improving policies and infra structures. I can't even find a licence engineer in the whole country can you believe it?
Increase taxes on Imports that affect Local manufatures . . VN Anti corruption Policy should oversee what is being done to level the competition and protect the local production companies . 💪🏼👍💪🏼
VN must grow and going strong to compete with China, don’t give up,
Love u ken!!!
My bald Asian Santa
Everyone wants to save money if you can't compete go blame the buyers
My dad tells me he's interested in Europe than asia but he likes samurai game on PS5
Great information brother 👍
I view it as an opportunity even, the same goes to how China & India buying cheap oil from Russia and hoarding it now. You should buy more and stock it now if the price is low enough to induce you to procure it now for future use. Steel is a comodity that won't get rotten esily, I believe one day it will become scarce too.
You should know it's all about power .
...and control.
FBI funded propaganda!
CIA/NED funded asset. Try to get a piece of that $1.6 billion
God bless VIETNAM ❤
Importers should look into quality issue on cheap manufactured goods before jumping in.
What's best or the investors vs what's best for the consumer... 🦉
VN just needs to stop steel imports from China if they are really in trouble, so why complaining if VN still needs cheap steel imports.Why making so mush fuss and noise for nothing about something that is just piece of cake?
If I were the steel manufactureres of Vietnam, I would gather all Vietname's steel manufacturers to join a special corporation to gather the capital and then buy more China's steel and stock it instead and then apply the sole licence to distribute this raw material in Vietname and make easy profits thereform; this profits will share among all the members then or reinvest for buying more China's steels at a very tempted price, but of course this is unfair to all the end-users and consumers of Vietname because they can't enjoy the benefits of lower cost anymore.