Vietnam export is high but people haven’t much money to spend. Gdp is still too low, we must grow 8 pc or higher similar to Bangladesh growth rate.OMG ! ! !how come vietnam's nominal GDP below $300 billion till now ?
should be over $550billion at least
does not it mean you are earning money ? this is going over my head
our GDP will be around $315billion this year with around $40billion export. I have no clue to be honest how is your GDP calculated.
I believe $40b is about the amount of VN export volume ten years ago. VN follows an export driven model.sooner or later we will reach $1,000b. As for GDP, that is not the metric VN wants to boast.being poor has certain benefits in external trades.does not it mean you are earning money ? this is going over my head
edit: I just figured it out in a small context, it seems you import as much as you export.
this is not true, you need balance, if you souly depends on export then it has serious consequences like if world trade falls or export reduces, your economy will be crushed.
Certainly there is a high risk.Agreed. More balanced: yes, by increasing wages, increasing domestic demands, but it can’t happen overnight.Raising wages higher too quick will weaken VN industrial and manufacturing sectors.
