Chief economist of The Economist: The TPP is dead

[Aepsilons]

What remains for Vietnam is AIIB and RCEP.

In fact. most Vietnamese businessmen know where their future profit lie. Definitely not in the US which wishes to use Vietnam and other small power as cannon fodders in its greater take on China.

You know, Obama wants to write the rule of the game and TPP is a perfect tool.

US has never been for sharing or equality.

That's not necessarily truly @TaiShang , you will notice that the trade balance between Vietnam and the United States has increased steadily over the years.

Bilateral Trade between the United States in Net Terms (In billions of US Dollars)

• 1993 : $7 million
• 1994: $220 million
• 1995: $451 million
• 1996: $947 million

• 2005: $7.5 Billion
• 2006: $9.5 Billion
• 2007: $12 Billion

• 2010: $18 Billion
• 2011: $22 Billion
• 2012: $25 Billion
• 2013: $29 Billion
• 2014: $37 Billion

So as you can see, Vietnam's top 4 trading partners include: ASEAN, China, USA, Japan, and South Korea.

The United States' and Vietnam's trade relations have increased by over 5000% in a span of just 24 years, my friend.

Lastly, from trends, the bilateral trade between Vietnam and the United States is set to exceed $45 Billion. Lastly, Vietnam exports more to the US than the US exports to Vietnam; so the balance of trade, naturally, favors Vietnam.

Compare that with the balance of trade between Sino-Vietnamese bilateral trade, which favors China. Vietnam is in the red in such trade relations. In other words, Vietnam actually "EARNS" with trade with the United States and Japan; in trade terms with China, Vietnam "PAYS".


Please Refer,

https://www.census.gov/foreign-trade/balance/c5520.html

@Viet @xesy @Yorozuya @vietminh @Viva_Viet @Carlosa --- can i ask you guys to confirm my statement? Perhaps i may be wrong.

 

[William Hung]

That's not necessarily truly @TaiShang , you will notice that the trade balance between Vietnam and the United States has increased steadily over the years.

Bilateral Trade between the United States in Net Terms (In billions of US Dollars)

• 1993 : $7 million
• 1994: $220 million
• 1995: $451 million
• 1996: $947 million

• 2005: $7.5 Billion
• 2006: $9.5 Billion
• 2007: $12 Billion

• 2010: $18 Billion
• 2011: $22 Billion
• 2012: $25 Billion
• 2013: $29 Billion
• 2014: $37 Billion

So as you can see, Vietnam's top 4 trading partners include: ASEAN, China, USA, Japan, and South Korea.

The United States' and Vietnam's trade relations have increased by over 5000% in a span of just 24 years, my friend.

Lastly, from trends, the bilateral trade between Vietnam and the United States is set to exceed $45 Billion. Lastly, Vietnam exports more to the US than the US exports to Vietnam; so the balance of trade, naturally, favors Vietnam.

Compare that with the balance of trade between Sino-Vietnamese bilateral trade, which favors China. Vietnam is in the red in such trade relations. In other words, Vietnam actually "EARNS" with trade with the United States and Japan; in trade terms with China, Vietnam "PAYS".


Please Refer,

https://www.census.gov/foreign-trade/balance/c5520.html

@Viet @xesy @Yorozuya @vietminh @Viva_Viet @Carlosa --- can i ask you guys to confirm my statement? Perhaps i may be wrong.

Yes, that is true. The US, along with the EU, Japan and SK are our biggest markets. Chinese market is currently smaller to them. And unlike the US, China havent shown any sign that they want to further open their market for Vietnam and help balance our trade deficit with them.

Anyway, I dont take their comments seriously as it is more of sour grape comments rather than a genuine discussion.

Plus I dont know why they keep comparing AIIB to TPP. One is an infrastructure bank and another a trade pact. Its like comparing apple to oranges lol. As for the RCEP, it sounds good but it even looks more elusive than the TPP. I dont even remember when was the last time all the negotiating members held a formal meeting for it.

 

[Aepsilons]

Yes, that is true. The US, along with the EU, Japan and SK are our biggest markets. Chinese market is currently smaller to them. And unlike the US, China havent shown any sign that they want to further open their market for Vietnam and help balance our trade deficit with them.

Anyway, I dont take their comments seriously as it is more of sour grape comments rather than a genuine discussion.

Plus I dont know why they keep comparing AIIB to TPP. One is an infrastructure bank and another a trade pact. Its like comparing apple to oranges lol. As for the RCEP, it sounds good but it even looks more elusive than the TPP. I dont even remember when was the last time all the negotiating members held a formal meeting for it.

Very well said and it is important not to compare a trade union with a bank, lol. The former is something one makes money from, the latter is something one has to pay back, lol.

Well, as per the data i posted and from the website i linked, in just 6 months (from January to June 2015), the bilateral trade between Vietnam and the United States hit $21 Billion. Mind you that's just the first 6 months. That does not even include July, or August or September, October, November and Christmas, er, i mean, December. LOL.

Around $42-45 Billion.

Of that number about $35 Billion will be Vietnamese goods sent to America. Balance of Trade goes to Vietnam, lol.

ps. I suppose nows a good time to be a Vietnamese whole seller eh? I'm sure folks like @BoQ77 are raking in the dough, so to say.

 

[William Hung]

Very well said and it is important not to compare a trade union with a bank, lol. The former is something one makes money from, the latter is something one has to pay back, lol.

Well, as per the data i posted and from the website i linked, in just 6 months (from January to June 2015), the bilateral trade between Vietnam and the United States hit $21 Billion. Mind you that's just the first 6 months. That does not even include July, or August or September, October, November and Christmas, er, i mean, December. LOL.

Around $42-45 Billion.

Of that number about $35 Billion will be Vietnamese goods sent to America. Balance of Trade goes to Vietnam, lol.

ps. I suppose nows a good time to be a Vietnamese whole seller eh? I'm sure folks like @BoQ77 are raking in the dough, so to say.

Yes, and China’s economic slow down could mean that Vietnam’s export to the Chinese market could take a hit:

China’s Slowdown May Widen Vietnam Trade Gap, Official Says - Bloomberg Business

Plus given the fact that China havent shown any interest in helping Vietnam close its trade deficit with China, it is obvious that Vietnam must find other markets to increase its export.

 

[Jlaw]

That's not necessarily truly @TaiShang , you will notice that the trade balance between Vietnam and the United States has increased steadily over the years.

Bilateral Trade between the United States in Net Terms (In billions of US Dollars)

• 1993 : $7 million
• 1994: $220 million
• 1995: $451 million
• 1996: $947 million

• 2005: $7.5 Billion
• 2006: $9.5 Billion
• 2007: $12 Billion

• 2010: $18 Billion
• 2011: $22 Billion
• 2012: $25 Billion
• 2013: $29 Billion
• 2014: $37 Billion

So as you can see, Vietnam's top 4 trading partners include: ASEAN, China, USA, Japan, and South Korea.

The United States' and Vietnam's trade relations have increased by over 5000% in a span of just 24 years, my friend.

Lastly, from trends, the bilateral trade between Vietnam and the United States is set to exceed $45 Billion. Lastly, Vietnam exports more to the US than the US exports to Vietnam; so the balance of trade, naturally, favors Vietnam.

Compare that with the balance of trade between Sino-Vietnamese bilateral trade, which favors China. Vietnam is in the red in such trade relations. In other words, Vietnam actually "EARNS" with trade with the United States and Japan; in trade terms with China, Vietnam "PAYS".


Please Refer,

https://www.census.gov/foreign-trade/balance/c5520.html

@Viet @xesy @Yorozuya @vietminh @Viva_Viet @Carlosa --- can i ask you guys to confirm my statement? Perhaps i may be wrong.

who has a trade surplus, US or Vn?

 

[AndrewJin]

who has a trade surplus, US or Vn?

Viets will have surplus once their B phones nuke Apple.