Is Vietnam's Economy Truly Set to Become Rich? | Economy of Vietnam | Econ
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- เผยแพร่เมื่อ 26 เม.ย. 2024
- Is Vietnam 🇻🇳 on the path to prosperity? 🌟 A mere 35 years ago, the country was one of the poorest in the world. 💔 When the 20-year Vietnam War ended in 1975, Vietnam's economy was among the world's weakest. Today, however, it is one of Asia's fastest-growing economies, boasting an impressive average annual growth rate of 6.2% since 2000. 💼 The key drivers behind Vietnam's economic growth include its strategic position, low labor costs, and robust foreign investment. 💰 However, there are potential pitfalls, such as overreliance on foreign investment and the performance of state-owned enterprises. 🚧 Additionally, its diplomatic relations with major global players and demographic shifts influence its economic outlook. 🌏 Will Vietnam achieve its goal of becoming a high-income nation by 2045, or are there challenges ahead? 🤔 #vietnam #vietnameconomy #economy
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You are awesome :)
Vietnam is still plagued by lack of regulation and corruption.
Hey i subscribed to your channel, could you please do a documentary on tamil nadu's economy. It would be highly appreciated.
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
Hi can u talk about Cambodia economy??
Greetings from U.S- lived there for a cup of years. Vietnam is an uniqe and lovely country and people there are the greatest warriors on earth that always impressed the world..always a heroic symbol from many nations in the world who fight for freedom and independence against foreign invaders. Only the nation that defeated the mongols 3 times in 13 century and humiliated chinese empires many times in History when China tried to invade them. They also crushed 3 powers: France in 1954 in historic battle Dienbienphu, America in 1975 (unification of vietnam) and China (border war in 1979) in 20 century. The war in 1979 was a total military disarter for Chinese army as they got a huge casualties by Vietnamese local units and failed to save the genocidal Polpot regime in Cambodia . Only 25 years living in peace ..from total destruction from long wars and economic embargo and one of the poorest nations but now 2024 as we know Vietnam has become a new Asian economic tiger, one of the fastest growing countries 8,2% in 2022 , a upper middle-income country with 16.000 PPP per or GDP per capita - 5000 dollars in 2023. Moreover, now Vietnam is one of the top 20 biggest world's exporters 370 billions dollars in 2023. They are even building a huge EV Factory-Vinfast Cars 4 billions dollars in US and also 2 more factories in India, Indonesia. Peace and love!
Bạn thật sự rất hiểu về Việt Nam..... cảm ơn bạn nhiều...😮🎉❤
Trung Quốc dẫn 600.000 quân tràn vào Việt Nam năm 1979
Trung Quốc thiệt hại 200.000 quân trong vòng 7 ngày
Cuộc chiến tranh diễn ra âm ỉ giữa biên giới 2 nước đến tận 1989 mới chính thức kết thúc
@@hongichle7751thì đó là người việt nam mà.😅
Sao người này có cái nhìn rõ về việt nam thế nhỉ
mẽo là này mẽoo gjà cầy à mà kheen nhiều the' 😅😅
I am optimistic about Vietnam.🇻🇳 I am sure it will become rich country. Love from India.🇮🇳
India is in a render of doubt too lol
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
bro, you dont know any thing about vietnam , im from this country so i know well
@@khiemao8852every country has its own problems brother?
@@khiemao8852 Sure, I do not know what is happening inside your country. But I can tell you what's happening in India. Vietnam was most googled tourist destination for Indians in 2023.Its giving competition to Indian tourism due to affordable hotel rates. There is also a surge in solo traveling to Vietnam from India.I personally see more made in Vietnam in India. My samsung charger, Omron blood pressure machine, water bottles, pencil cases in my home are all made in Vietnam.
Fun fact: As a business student and a Vietnamese, lately I have realized a big trend among young Vietnamese people to work on sustainable agriculture. I wonder if this trend contributes to the high % agriculture workforce in the video.
The emergence of Vinfast and other conglomerates can definitely bring prosperity and wealth to Vietnam. I wish Vietnam the best and rich. Love from Cambodia.
FINALLY A CAMBODIAN THAT ISNT A HYPOCRITE(hates pol pot but thinks his ideas for a ridiculously large cambodia is pretty rad) THANK YOUUUUUU
Indoenshiyans: Guys please move to BALI 😄
Cảm ơn anh bạn từ Cambodian
stop spreading the misinformation, VINFAST is the biggest fraud that has not been revealed and now they have a legal issue with many shareholders.. There is no call the development in Vietnam after 1975, they have grown till now simply because they've got a huge amount of money from what is called boat refugees and foreign workers from Vietnam.
❤❤❤❤ thanks ❤❤❤❤
I'm from Indonesia. Vietnam is often talk among SEA as inspiration for of great growth on economy for developing countries.
Indoenshiyans: Guys please move to BALI 💬
Im Filipino, and its true. We always compare our economy with vietnam's and we often see them in a good light, a country we can learn from
Vietnam has the disadvantage that they started very late compared to other countries (Bangladesh, Philippines, Malaysia, Thailand and Indonesia), that is, it was not until the 2000s that the embargo was lifted by the US. And when poverty is completely lifted, Vietnam will miss the largest labor force (18-30). Vietnam's advantage is that it still has a relatively young population, the elderly still contribute to the labor market in many different ways, and women (40% of the population) in Vietnam are extremely hard-working.
Maybe they If they can maintain a growth rate of 5-7% continuously for 20 years. They can absolutely achieve high income levels.
Very unlikely, Vietnam can stuck in middle income trap if in the economy does not have any breakthrough. Look at Thailand and Malaysia.
The embargo was lifted in 1994 by the US president Clinton.
@@evernam993m8whats wrong with Thailand and Malaysia? Middle income is a trap? In the end, it is a communist country. It is doomed.
At least you name the embargo lifting. Vietnam has the US to thank for importing all its stuff.
@@TheBoobantrao đổi thương mại, không ai cho không ai cái gì mà phải cảm ơn.
Most manufacturing companies that leave china go to vietnam rather than India or other SEA countries because vietnam is most similar to china in terms of
Policies and culture
Well, Vietnam is a confucianism society, though a bit more lax than Japan.
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
I'm a Vietnamese lawyer. I dont think Vietnam needs to be a rich country. Rich countries nowadays have a lot of problem, especially with inequality, and people's mental health. Vietnam needs to be a well-blance country in all aspect. Money alone does not make a country strong.
Muốn sống trong nghèo đói thì ngài luật sư đây cứ sống như vậy một mình, đừng bắt người dân chúng tôi phải sống mọi cùng ngài nhé. 😊
@@anti8925you did not comprehend his logic.
@@anti8925 mọi thứ phải cân bằng
@@anti8925 mọi thứ phải cân bằng
@@anti8925 ur missed the point.
Vietnam has never applied a one-child policy like China. Vietnam encourages each couple to limit having only 2 children. Only people working in state agencies will be reprimanded for giving birth to 3 or more children. Vietnam has never banned people from having a third child, the government just does not encourage it.
video này có lỗi sai khá nặng đây
Yup, CCP is harsh. Another example is that Japan never banned traditional characters in personal names, but the CCP did.
Keep Korea Japan China Vietnam and other countries and nations safe 🙏❤
So glad this channel blew up! I remember being one of the first 50ish subscribers.
Same, I too subscribed the channel when it had 146 subscribers. This channel has come a long way.
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
越南做任何事情中国都支持，我们是兄弟国家
多谢兄弟
Thank you bro
Việt Nam mong muốn Trung Quốc tôn trọng Việt Nam và bình đẳng hợp tác đội bên đều có lợi không vì nước lớn ỉ mạnh làm khó Việt Nam
mini china😂😂😂
vietnam mini china 😂😂😂
Vietnam still has common problems other sea countries experiencing: geopolitical instability, corruption, resource mismanagement, environmental degradation, economic dependence, etc. economy is fragile to external shocks. hope sea countries will prosper together
Tôi thấy thực tế . Việt Nam đã vượt qua cú sốc covid 19 tốt hơn hầu hết các quốc gia 😊
Hình như bạn không xem kinh tế việt nam … rất nhiều biến động kinh tế trên thế giới , mới nhất là covid, kinh tế việt nam vẫn bình ổn nhất trên thế giới …. Vậy mong manh ở đâu ?
these problems are happening everywhere. Let's focus on the outcomes, it is obviously much better now as compared to 50 years ago. You could whine , and blame but please do that with a solution in mind. Just like the video said , all of these efforts coming from hard working Vietnamese people, never stop trying, learning and enduring through hardship. Slowly we change the mind of communist party, to become more collaborative and free trade market.
@@thangnguyenvan1072 Anh ấy đã nói điều rất đúng các vấn đề cố hữu mà tôi không hiểu tại sao bạn phản đối, hồi Covid-19 bị thâm hụt ngân sách nghiêm trọng, ngoại thương giảm mạnh trong khi VN là nền kinh tế phụ thuộc vào xuất nhập khẩu, đầu tư nước ngoài. Hiện nay thì các vấn đề tham nhũng, xáo trộn trong bộ máy, tranh dành quyền lực đã quá rõ ràng, chỉ thấy có bệnh rồi mới chữa bệnh nhưng quan trọng là làm sao có cách bắt bệnh và phòng bệnh mới là khó, ngày nay chúng ta có người lãnh đạo tốt thì được yên ổn, nhưng đâu ai biết ngày mai sẽ như thế nào, biết đâu lại tiếp bước I-rắc, Syria, Miến Điện.
Vietnam is just the next Thailand and then you will be stuck also. Vietnam is only doing good because USA allows it.@@KhanhNguyen-gy9ug
Quite possibly one of the best overviews of Vietnam and its economic forecast.
The important thing is that land in Vietnam is permanently privately owned, we love that, it motivates us to strive to build on our own land, that creates our love for with the land we own, and our descendants will fully inherit it. I think if you have Vietnamese nationality you will also have the same.
Vietnam let china lease land for 70 years
Vietnam will become rich, just like it's neighbors and that's inevitable, the only problem is time which is something that a lot of people doesn't account for.
Make PHO Noodles 🍜 Great Again👀
Very few countries in Asia became rich and developed. Most became middle income and Vietnam’s neighbours are full of countries stuck in middle income trap.
@@ditsygirl5409 like I mentioned before, time is something that a lot of people doesn't account for, most people always focus on the current situation instead of looking forward into the future. As a result, they are stuck in place because they are too heavily focus on the present or the past, hence, they can't move forward. If u want to move forward, then look into future, give some time and trust the process.
@@drywater22 you’re too optimistic. We need to factor in the fact that due to climate change, getting rich is now harder and no longer like the past where you just need to follow the growth trajectory and viola.. you become rich! Haha.. not so fast.. meanwhile, river water are diminishing fast in the Mekong river during summer and it can become worse. Rice plantations suffer from constant drought and sometimes extreme floods. It’s no longer a straight forward path to success and many times, the cost of production is now much higher than what it used to be for the developing countries. And the best part is that AI and Robotics are coming so any current developing countries banking on their cheap manual labour for the next 20 years may find their people out of job at the factories soon in another 5-10 years replaced by robots that can fulfil the manual production at a lower cost than human capital. In short, developing countries are in trouble the moment robots become cheap and accessible as many jobs will become obsolete. The people in developed countries may also face similar issues but they have the technological and economic power to help upgrade their already well educated population to be ahead in the AI and robotics game.
Its not the outside factors, look in side, heavy brain washed, community-based bias, uneducated, and the mind set of Hedonism type, Its about the basic thing that makes up a strong country, its people
I think Vietnam will be an "important" country, but not a rich country.
Those who work in the Communist Party are very rich, while ordinary people are only a few
This seems to be the direction theyre headed unless a miracle happens like it did in Korea and Taiwan.
@@Cpp956good thing there is no tent city
@@yingxu7908There are plenty of slums on the edges of big cities
@@Cpp956 This is not true, in Vietnam businesses are often the richest and the salaries of state officials of the Communist Party of Vietnam are often quite low compared to the work they undertake. But people like you mentioned are often in high positions, but the amount of wealth they themselves corrupt is not equal to that of businesses. That's something foreigners never pay attention to
Vietnam and Bangladesh was similar in 90's now Vietnam progressed twice of Bangladesh
Bangladesh is lacked for corruption and looting by governments
Bro. I'm Vietnamese. We also have corruption by government but i hope it's will reduce
@@QuanHaz nó sẽ giảm nhưng không thể nhanh vì chúng ta chưa đủ giàu có nên "họ" luôn muốn tìm kiếm quyền lực và tài chính cho mình
I always thinking your videos are so high quality, thank you for your effort and sharing with the world
...⭐️⭐️⭐️ If looking at gdp to evaluate Vietnam's living standards is wrong because Vietnam's gdp is not calculated most accurately, many of the houses on the street are freely operated, rented and in Vietnam there are Up to 70-75% of the population living in rural areas freely engage in agricultural production, animal husbandry, aquaculture, fishing, and thousands of craft villages in rural areas are not included in GDP. The government also does not need to count them in GDP to receive preferential loans
Cảm ơn bạn đánh giá rất chính sác
Về quê mới thấy , nhiều người làm nông nghiệp, làm dịch vụ với thu nhập cao, Tôi cũng đã hỏi họ và không thấy ai thu thuế hay thống kê gì cả.
Tôi yêu đất nước tôi. Hy vọng đến năm 2035 Việt Nam sẽ lọt vào top 20 nước có nền kinh tế lớn nhất thế giới.
Cũng rất khó đấy bạn, còn phụ thuộc vào chính trị thế giới nữa các nước đang phụt nhau ác quá
@@Phanngochanh73phụt nhau thi minh mới có cơ hội len lỏi vươn lên
Dream 😂
@@tungvuhoang1568 hồi xưa hú năm 2020 lên nuov cong nghiep.
Giờ 24 con me rồi;)))))
Len cái qq chứ nghe ba cái tuyên giáo
@@duyla3815 covid, khủng hoảng kinh tế, cả thế giới dặm chân tại chỗ thì vươn lên kiểu gi? Vn hằng năm vẫn tăng trưởng >5% vậy là tốt rồi.
Apple, amkor, samsung,foxcon,intel,… họ cũng đã có mặt ở VN rồi bạn à.
FPT CMC Vietel cung đang cố gắng đào tạo nhân lực cho họ rồi con chê gì nữa?
Còn mấy cái thể loại tự nhục, luôn chê bai thì bye nhé.
Ko góp ý để giúp người ta đi lên thì đừng đạp người ta xuống .
In all nations there is a tug of war between Land, People and Capital - Resource rich countries like Australia and Canada tend to move to the easy low hanging fruit of Resource exploitation at the cost of more diversified industries. In oil rich areas of Canada, trying to find someone to work at a hotel or a coffee shop comes with competing on wages with high priced oil field and supporting industry jobs. This stifles investments into research, innovation, patents, new businesses etc.
Long term, Canada has a large trading partner more similar to itself than Australia has, how this plays out over the long haul will be interesting to watch.
Really interesting, you should do more videos discussing Southeast Asia like the Philippines or Indonesia.
Easy to say! I live in VietNam, i know deep down how hard could it be!
Vietnam needs larger company to compete in world market. Something like Toyota, Sony, Samsung, Hyundai, Huawei, Alibaba, etc. which are well-known to foreign countries. Without such world class multinational companies middle income trap is inevitable. See Thai and Malysia which have no such large company originated from them.
Yes, we do have Samsung (if you don't know, 50% of Samsung mobile phones made in Vietnam), IBM, Intel, Microsoft, Google, Apple, LG, BYD, P&G, Abbott, Pfizer, AstraZeneca, Unilever, Nestlé, Honda, NVIDIA (coming soon), Mercedes-Benz,...present in Vietnam.
How about Norway, Iceland and Sweden?
@@keyvnfanclub I think he means Vietnam needs its own equivalent of those companies, not just having foreign companies present in the country exploiting the labour force. But of course that all takes time
@@ndorobei4391 Norway got oil, Iceland got tourism (+very small population), Sweden got IKEA
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
I have a somewhat pessimistic outlook on Vietnam's economic prospects. There are many problems that need to be solved before it can truly become an economic powerhouse like weak institutions, dependence on foreign economic components, extremely ineffective public investment projects due to corruption, energy security issues...
Sự cầm quyền của Đảng Cộng Sản là thành quả của bao xương máu của hàng triệu người con của Đảng ông định xóa bỏ nó sao? điều đó sẽ biến Việt Nam trở nên khủng hoảng vì kẻ cầm quyền không đóng góp vào lịch sử của một quốc gia hồi sinh từ đống tro tàn của chiến tranh. Hãy nhìn vào Ukraina và suy ngẫm.
To be rich (15000$/people/year), vn gdp has to grown 8%/year over 30 years, and yet, looks what happened.
It is more likely to be old before rich.
@@quocvu1337 khi già hóa dân số tốc độ pt sẽ chậm lại dần, sợ là không còn duy trì được 5% ấy chứ.
@@quocvu1337 khi kéo dài thời gian phát triển thì dân số càng già làm cho tốc độ phát triển càng chậm lại -> càng khó giàu, như vậy sẽ già trước khi giàu và mắc kẹt trong bẫy thu nhập trung bình.
Yed i am afraid of Vietnam demography with median age of 31 and fertility rate of 1,9 below replacement rate for 20 years now while still in 5k Per Capita so they need to grow really fast before their population get old if not they are well in to the middle income trap like Thailand.
Sorry, at 5:25, when you say 185% of GDP… do you mean the value of just exports? I’m just confused what the number is that you’re saying is more than total GDP cos surely it can’t be net trade
Though I disagree with this video at some minor point, it's an impressive analysis. I need to correct you with one detail which is Vietnam did not have 1-child policy like China but 2. There was a slogan in Vietnam back then "whether son or daughter, just 2 is enough"
Vietnam is already rich. They have plenty of food to eat. They produce so much food that we need to export most of them. They are also at peace. So the people are content and happy. If that is not wealth, then I’m not sure what rich means.
@@altran1125 Vietnam is surrounded by forests, arable land, and ocean. Food is plentiful. They just need to make sure other countries don’t invade them and take what they have.
🤣😂🤣🤣😂😂🤣tội nhiệp
Not anymore when the Funan canal finishes, it will be a huge agricultural disaster.
Vietnam’s map includes Hoang Sa and Truong Sa
That is to look on the map and look on the mainland is not
bruh
I really like your videos but this one was a little dry. Vietnam has such a fascinating history would have been interesting to hear how this has impacted their economy (and trading partners) today.
Corruption is the cancer holding Vietnam back (as a Vietnamese)
@@quocvu1337why do you think so? you know Doi moi? do you know before Doi moi, some idiots think Doi moi is evil, bring capital and grief to countries.
@@quocvu1337 You're a bit naive to think there is no fighting, even when we only have 1 party. Read the news this morning.
watch out for regime change uncle sam‘s best
@@quocvu1337So Asian nations with multiple parties fighting for seats in the government like South Korea and Taiwan must have a terrible time running their countries, huh?
@@yingxu7908Okay, 3 cent wumao
A accurate and great analysis
You should add Hoang Sa and Truong Sa on this map, because Hoang Sa and Truong Sa belong to Vietnam
Bonus: In Vietnamese villages, when they turn 18 they will go abroad to work and send foreign currency back home. Vietnamese workers in Japan are ~500,000 people, in Korea ~200k-250k people, EU ~100k. If you work in the country, it's difficult to earn about $12,000/year. Just like the video shared, Vietnam's economy is too dependent on foreign countries and the garment industry is now mainly in Bangladesh. Cambodia is also a suitable destination with a young population
Nước nào cũng sẽ có người ra nước khác đi làm, sao bạn không nghĩ theo hướng tích cực rằng người Việt Nam mình rất chăm chỉ và cầu tiến, muốn vươn lên để làm giàu cho gia đình và đất nước nên họ tìm cách, kể cả rời xa gia đình và quê hương để đi làm kiếm tiền? Người chưa có tiền thì họ đi khắp nơi kiếm tiền, còn người có tiền đang sống ở nước ngoài thì đang tìm mua nhà đất ở Việt Nam rất nhiều. Vì tình hình kinh tế ở các nước Âu Mỹ không khả quan. Mình làm nghề bất động sản nên mình hiểu rất rõ người Việt Nam mình có những người giàu thế nào, và cũng đi làm thiện nguyện nhiều đủ để biết hiện vẫn còn nhiều người dân nghèo khó. Nhưng Việt Nam đang phát triển và đó là sự thật. Ở đây mình chỉ đang đưa ý kiến cá nhân trên cmt của bạn, không phải về video này 😊
Vietnam is a much smaller geographic and population than China and India. So, it would take less development in energy and transportation infrastructure and key human services like health care and education to impact a larger percentage of the overall population.
Please make videos on laos, Cambodia and philipines economies as they have potential to grow a lot but what is stopping them
What is stopping the Philippines? Filipinos. Simple answer.
im from Philippines, corruption is still an issue, but in my opinion the only problems that hold my country is our economic protectionist policy, Phillipines is much more peaceful now but there still a threat of terrorism mostly in the south, other issues is the slow process of paper to just start a business, and not to mention foreign businesses need to have a filipino bussines partner, it's really a headache for foreign businesses, and Philippine need to really to tackle all problem in education
The openness of the economy?
There's a high possible that Vietnam will become rich in the future but not now. The future will tell I am sure Vietnam will shows it weath around 2027 and 2030
If south Korea escaped middle income trap and still has been border line developed. Vietnam will have hell of a time long way to go.Especially the 8 other economies ahead of vietnam in SEA is struggling to break the middle income trap. They all had the same optimism before.
Vietnam will escape middle income trap thanks to technologies.
I am living in HCMC, and in the last 2 years, I wanted to move to Ireland to pursue a master's degree and stay back to find work. However, after doing some calculations, the net salary for a fresh graduate and living expenses in Ireland will make me earn less than the time I live in Vietnam. By Living in Vietnam, I can make a down payment and get a mortgage for a house within 2 years and quickly secure my life, but going to Ireland will take me more than 5 years to get a house in Vietnam
很期待越南的社会主义同志们发展越来越好！来自中国的爱。
SEA nations are prone to the middle income trap. Only the late four tiger economies managed to escape it. Thailand, Malaysia were all promising but turned out to be sad.
Vietnam has different culture than Thailand and Malaysia and similar to Korea Japan and China, therefore we will escape middle income trap.
For me, Vietnam is the country in SEA the most likely to become rich aside from SIngapore who already is. Everyone else seems to have some major problems that are really holding us back.
We have our problem as well which is right next to China, a very bad country.
Vietnam is running out of water real soon. Many big problems… it’s not easy to make it rich. The government plays a big part.
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
@@simplereef4854 Yeah China is a pain in the ass but you guys are handling China much better than us(Philipines).
@@ditsygirl5409 Is something happening to the Mekong? Is it because of China's Himalayan Dam?
I think Vietnam is still growing and gives it another 20 years, it will face the same problem of China as there’s another leap from middle income to developed status.
Các bạn không cần phải so sánh đất nước chúng tôi làm gì. Một đất nước chiến tranh tàn phá nhất thế giới. Thì làm sao các bạn đem so sánh. Có khập khiễng không?
Poor vietnam 😂
@@user-do4rq4ku8h Jealous Thailand 😂
@@user-do4rq4ku8h Poor Thailand
@@user-do4rq4ku8h Weak Thau😥iland 😂😂😂
@@angkhoanguyen6114
GDP per capita : 🇮🇩 > 🇻🇳 😂
越南会的，已经有这些年的发展经验，现在不会变慢，但越南天热还会停电，这说明电力不足，这个一定要得到解决。
@@quocvu1337 种瓜得瓜，确实。专注于发展就会发展，美国专注于制造混乱，所以他们的武器更先进，发展则被中国追赶。
I mean yea need more power production in the summer
Thank you our country will have enough electricity in recent years because Vietnam Electricity Corporation had problems so it was arrested.
I remember that just 2 years ago America and China both lacked electricity :)) they must be a poor country 😂
@@kdt9154 是的，中国确实贫穷也许还很缺电。我也很无奈
vietnam got a lots of tourism so pretty sure they can get rich pretty fast
I can do whatever I want in Vietnam tho, except planning a coup or participating in reactionary groups obviously, and I'm also a Christian living in Vietnam and I no one is banning me from doing anything religion-related, so the assessment is kinda wrong. Coorruption no doubt is still a problem, but more and more people are getting arrested for it. I have no problem with Statism cuz electricity, water, and wifi is dirt cheap lol, I dont want to pay few hundred dollars for electricity, water and wifi😂
👍
🇰🇷🤝🇻🇳
I'am not optimistic about that, may be Vietnam will be come rich but there will just some parts of the country will alot of part that will not, we are'nt a big country but the difference between the rich and poor in is really a thing. Theseday a lot of people from Vietnam trying to leave this country and illegally move to other countries for better living conditions, and also the government are encouraging the citizens to go to Japan to work, that's really messedup to me
We just want peace! ❤
The analysis is one-sided, based only on numbers found online. Did you know that most households in Vietnam do not have to pay taxes, or only have to pay a symbolic tax when they receive income from employment or production? It is estimated that 40% of Vietnam's GDP is overlooked because the government does not count small businesses in total GDP. And you take an index of labor productivity (An INDEX BASED ON GDP per capita), and like I said 40% of GDP is ignored? So the video owner thinks that the elites of the United States and Korea are stupid for investing in Vietnam because of cheap labor? You think Vietnam lacks freedom and censorship, but every year tens of millions of international tourists come to Vietnam to travel? Have you arrived in Vietnam yet? definitely not. But I know your great country, America, has eliminated Tik Tok because it can't compete with Tik Tok. LoL. That's right, democracy is the best, so we are only ranked in the top 40 countries in terms of GDP value, the remaining more than 160 countries and territories are probably all dictatorships :)) I respect those who friend out there has knowledge, but certainly not the owner of this silly TH-cam channel
Nah i dont think this is possible
exactly
Same
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
@@quocvu1337 but cant get a status of superpower.
@@quocvu1337 delusional probably in yea 2100 yes but not in ur lifetime
Vn muôn năm dân tộc vn muôn năm
LOL the intro of video make the VCP seem like some form of foreign governor, not that the Vietnamese government themself
They are doing what the americans used to do in the 19th century and what the chinese are doing now. So, yes! they are going to be fine.
Kinh tế Việt Nam: “xanh vỏ đỏ tròng” 🎉
If even China, with their increasingly smart and technological economy, is struggling to escape the middle income trap, Vietnam's not going do much better than that. Look at Thailand. They've been industrializing for many decades, now they have a diverse, vibrant economy with good infrastructure, but not exactly "rich". That's the best future Vietnam can hope for
Many chinese car brands, drones, cheap phones, are exporting all over the world, with these pillars in technology, pretty sure China will escape middle income trap soon.
It takes 100 years to be developed country, I’m Vietnamese No one understand Vietnam than Vietnamese people, as long as the communism remains, the state is harder and harder for people to be free and become a rich country because corruption and low knowledge.
Economic growth based on foreign investment will not be enough, as the majority of the growth or roughly 90% are contributed by the domestic investment. Demostic primary industries are ultra important. If your country have the resources and produce the raw materials for the second and third industrial manufacturing, the chain reaction multiple instead of just adding value, you keep skills in a diversified industries.
India always wanted to overtake China as the next world manufacturing complexes, yes India have plenty of labour supply, but lack raw materials and skills from the primary industries to supply the input for the third industrial manufacturing. India is the world manufacturer of genetic medicine, but relied on the supply of its raw materials from China, just like the high technology iPhone assembly, 99% of the iPhone components are made in China, othe 1% of Indians labour and the Indians printed packaging. The overall economic value is very limited for the Indians mass labour supply.
Gutter oil wumao🤢
well, the world cannot compare Vietnam and Thailand cos technically Thailand didn’t really have to fight any war.
How long do you live in Vietnam??, it's very fun when I hear Vn will be rich 😂, of course I am a Vietnamese
Did you use the right formula ?
@@projectzero3104 what do you want ?
As a vietnamese myself, i gain alot of more insight as to how vietnam is heading, economically. Finacially, vietnam actually benefit alot from remittances of oversea, gain a total of over 90 billion dollars, which like a adrenaline shot for vietnam market spending in recent year to be where it is today beside the open market reform and investment. However, as the video layout, and i mostly agree with the problems it mention, the question is, can vietnam be a rich country? My answer is..unlikely, very unlikely. My reason is vietnam is getting more politically unstable and corruption is getting worse. People in vietnam is actually losing faith in the communist party and the north - south dividend is getting worse because of unfair treatment across southern provinces by channeling all taxes to build the north leaving the south to fence for themself. In 2 years, our country has ousted 2 presidents, 1 Nation Assembly Chairman, and so many more of high ranking in the party. The propaganda machine in vietnam is getting ever closer to Russia, Iran and North Korea, all from State Medias, which is saying something, especially on the ukraine and israel gaza war. As a common sense and a logical person would, soon outsider will take notice of this and make judgement for themself. Its not hard to see where this is heading in the furure and we can make prediction. Plus the aging economy and middle income trap will not give my country the time it need to achieve it. If i have to describe Vietnam situation right now, its symptons start to show and problem will probably get worst. We were from worse to better, but i think its ending here until changes come.
Strange, your mind is very opened for a Vietnamese person... are you really from Vietnam ??? I used to talk to almost everyone I met in Vietnam and none of them have your knowledge, I would say... NONE of them and even in very high education people in Vietnam... yes I talk to everyone there... I'm very surprised.
Key detail is you were in Vietnam. This limited the ability of people to speak candidly. Furthermore, people with the most insight will actually refuse to speak given the government's close grip on things.
Một người am hiểu về chính trị bạn nói rất chính xác
@@bluepawnlà một người Việt Nam thường xuyên theo dõi báo chí từ nhiều nguồn tôi xác nhận những thông tin nêu trên hoàn toàn chính xác, Việt Nam gần như không còn cơ hội để phát triển với bộ máy nhà nước quan liêu cồng kềnh và tệ nạn tham nhũng đã ăn sâu vào xã hội, trong khi các nước Nhật, Hàn...có cơ hội phqts triển khi Trung Quốc đóng cửa không giao lưu với thế giới thì Việt Nam cũng chìm đấm trong nội chiến và các cuộc chiến tranh biên giới, đến lúc Trung Quốc mở cửa thì mọi cơ hội gần như đã chấm dứt với Việt Nam.
@@bluepawn Many Vietnamese friends I knew from working in HCMC for 4 years, has similar opinions though. I'd say they will speak up to those whom they considered in their circles only. 😅
A Future Economic Powerhouse Short Of Power For Economy.
Cũng tại tụi mày õng ẹo phản đối nhà máy điện hạt nhân đấy
There are many countries which have come ahead of Vietnam like Indonesia, Malaysia, Thailand, India, Bangladesh, Vietnam's ,land population and many other things is not so much that it can make it a big power.
I dont think India and Bangladesh is ahead if we talking about its Industry and GDP Per Capita
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
to be fair the examples you used all started earlier. vietnam only started about two decades ago
(Singapore has left the conversation)
Big companies will just keep moving on and arbitrade labour for the cheapest available.Just like they moved on from japan and china.Vietnam next ,then cambodia,then myanmar ect..
And the new big companies will appear in Vietnam.
In VIET NAM we never say VN war!! we said :The war of resistance against American imperialism
please respect that, peace
Shut up
Video của bạn hiện nay đang so sánh sự bùng nổ công nghiệp hoá của việt nam với trung quốc, hàn quốc và nhật bản trong quá khứ ở thời điểm hiện tại là còn quá sớm hiện nay việt nam sau nhiều năm tích luỹ họ chỉ mới đổ tiền vào cơ sở hạ tầng, bước đầu định hướng và đào tạo nhân lực trong các ngành công nghiệp công nghệ cao vẫn không ngừng kêu gọi đầu tư và tích luỹ vốn và tích luỹ công nghệ và họ đang tận dụng thời gian mà thế giới có nhiều biến động như hiện nay giữa các cuộc bầu cử của các quốc gia và sự suy thoái toàn cầu để bắt đầu thanh lọc bộ máy, để chuẩn bị bước vào một thời kì đổi mới khác và các chuyên gia kinh tế việt nam hiện nay cũng nhận định khi vn đạt mốc 5000USD/ người, thì đó mới là thời kì bùng nổ công nghiệp công nghệ mới của vn cả về vốn nước ngoài đổ vào và vốn trong nước huy động, mọi thứ chỉ là sự khởi đầu chúng tôi còn 30 năm nữa, đó mới là thời điểm quyết định còn nói mọi thứ bây giờ chỉ còn là điều quá sớm
Poor vietnam 😂
Go to google translate @@user-do4rq4ku8h
USA needs to bring factories back to the USA and Mexico using automation and Robotics 🇺🇸
Tôi thích nhất cái phong cách người VN làm nhục người Trung Quốc 😂
Poor vietnam 😂
and now people are still saying vietnam needs to get back on the previously dictatorial and basically racist for reigions that are not christianity path😔
No. Too much stealing from the ruling class. Also water supply is critically threatened due to Chinese, Cambodia dams across the Mekong river.
Why does this video not mention that China attacked Vietnam after the United States left?
The war launched by the United States against Vietnam is the beginning of Vietnam‘s poverty, at least this is the consensus of our country.
In my opinion, I don't know that country will prosper financially, Because the recent corruption issues in Vietnam have led to doubts about investments, hampering economic growth and impeding improvements in GDP per capita and education.
Corruption is everywhere. One corruption won't stop vietnam you can argue because of the system the growth will be slow but it won't stop
it's actually a huge anti-corruption crackdown by the government several billionaires and CEOs have been arrested one even got the death penalty. they're serious about ending corruption in the country and ripping it off like a Band-Aid
@@ShubhamMishrabro it won't be a rich country though. Demographically it will be an old country before ever reaching the "rich" club status.
@@ShubhamMishrabro Vietnamese guy here.
Thank you for this truthful video about Vietnam. I especially like the fact you made about how it was the Vietnamese people and NOT the communist party that lifted Vietnam out of poverty. You should have also stressed the fact that it was because of communism, Vietnam became poor and was on the verge of mass starvation a la North Korea.
In spite of everything achieved the past 20 years, Vietnam is STILL A POOR nation. Low salary, low productivity, low transparency, high corruption coupled with lack of freedom of the press, speech and other basic human rights are all holding Vietnam back from being a great, rich and strong nation like Japan. And the source of all of Vietnam's problems is the CORRUPT AND INCOMPETENT COMMUNIST PARTY that must be overthrown immediately!!!
@@luongo7886 Overthrown the government does not help at all in terms of the country functionalities . Even if you overthrown the communists, a corrupt democracy still happens. Furthermore, instability, inequality extends as FDI decreases and instability, insurgency happening everywhere. Though I'm not a fan of the government, I hope it is stable for our country's sake. If you have that idea of overthrowing, it's just a foolish idea to disrupt everyone's lives.
Press x to doubt
1980 việt nam vẫn còn chiến tranh
Of Course not it's. Not a popular place
The answer is NO. In order to become wealthy, a country need to have a research center to advance in development. VN is currently a market of manual cheap labor and that would only max or cap at middle class or lower.
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Yes it's going to be. It has a small population so it won't have much problem. Like malayasia never reached their potential still it is a rich country and has high per capita
Bro VN has more than 100 millions people while the country only has about 330000 km2 of land
11:06 I see what you did there.
Vietnamese guy here.
Thank you for this truthful video about Vietnam. I especially like the fact you made about how it was the Vietnamese people and NOT the communist party that lifted Vietnam out of poverty. You should have also stressed the fact that it was because of communism, Vietnam became poor and was on the verge of mass starvation a la North Korea.
In spite of everything achieved the past 20 years, Vietnam is STILL A POOR nation. Low salary, low productivity, low transparency, high corruption coupled with lack of freedom of the press, speech and other basic human rights are all holding Vietnam back from being a great, rich and strong nation like Japan. And the source of all of Vietnam's problems is the CORRUPT AND INCOMPETENT COMMUNIST PARTY that must be overthrown immediately!!!
Vietnamese in orange district with 3 sticks? No thanks😂
Bình tĩnh nào anh bạn , bạn có kế hoạch nào khi đã lật đổ họ không ? Nếu không thì rắc rối còn lớn hơn nữa đấy
@@vantiennguyen8820 Tối lúc nào cũng bình tĩnh hết.
Về việc lật đổ bọn khốn nạn cộng sản ở Việt Nam, tôi hỏi bạn làm sao Đông Âu và nước Nga lật đổ bọn khốn nạn cộng sản ở nước họ?
Baque sủa hăng nhỉ. Tích cực lên, sắp 30/4 rồi đấy
You're an American, don't lie.
越南加油
You can find this same content on all tv and newspapers in the ‘people’ socialist republic of Viet cong
not 1 child but 2child policy in Vietnam (before)
Steady exchange rate? You must be joking 😅
Let me guess, it's a bubble
It won’t be rich, but it can become a low to middle income manufacturing country.
It's already middle income and it will be rich in the next decade too
@@ShubhamMishrabro no, it isn’t. Its gdp is 4000USD. You do not become a rich country by manufacturing for other countries. China and Bangladesh have done that for decades and they are still quite poor in per capita terms.
@@pollutingpenguin2146 it's per capita is actually 4.6k. And by 2030 I'm sure it would be more. And you know by definition china is a developed economy as having more than 13k of per capita means you're developed which china has
@@ShubhamMishrabro 4-5000USD per capita is not rich. Please stop making silly statements. Vietnam is a poor country together with most of Asia and Africa. Most countries won’t become rich, but will stay poor or middle income. The west has such a lead over the rest of the world that they will never catch up, unless it’s a small state that can live from super low taxes and become a tax haven.
According to World Bank, GDP per capita above 4000 usd is classified as a upper middle income country and per capita above 12000 usd is high income. Vietnam and Indonesia has achieved upper middle income status while China and Malaysia is close to high income.
i dotn think so . a race to the bottom is a game vietnam will lose to malaysia thailand and bangladesh . they will become economically important but not a power.
Malaysia and Thailand are still in middle-income trap though, with the latter is experiencing a demographic decline.
I hope Vietnam will invest into tertiary sector while having the growing economy from the manufacturing sector.
Bill Clinton has signed an agreement with Vietnam to make it world manufactures to replace China. That's why Vietnam has experienced 0% for its import fee to the USA as its status as a developing country thus it will experience special treatment for export Import.
I have smth to say about low "civil liberties" and "ethnic minority rights".
Thats some soft of lie.
In here, if u dont go find trouble, trouble wont find u.
And i kinda want to be some soft of ethnic minorities group.🤧
Since they get an extra amount of score in university entrance exam.
12:36 is wrong, this not 1 child, this 2 child
Actually we have two children per household policy not one child policy 😂
Yeah, I suppose you do get rich if half of your country is swindled from your neighbor.
GDP is 4000k$ you make me laughs a lot really
I'm not so optimistic about my country, Vietnam can not get out the middle income trap... of course, there are so many problem behind that, corruption, lack of industry investment, and the people not really care about "education", they just want to blow the price of real estate and sell it. Not so healthy economic..
3 sticks spotted.
That's true. Vietnam is a poor country 😂😂😂
@@user-do4rq4ku8h Thailand 100 years peace still remain poor while Vietnam only started developing nearly 30 years. 🤣🤣🤣🤣🤣
@@user-do4rq4ku8h Thailand 100 years faster yet currently losing to Vietnam. 🤣🤣🤣🤣🤣
@@user-do4rq4ku8h Thailand is weak and pathetic, unworthy for Vietnam to compare. 🤣🤣🤣🤣
Is this bad in a way
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