Opinion: Vietnam is copying China's aggressive currency playbook

[FairAndUnbiased]

You think china had any innovation in the 90s? And you don't need innovation for the type of light industries that are moving to Vietnam. Vietnam will get a bit of money from these industries and it's how they invest that money that will determine if Vietnam can get to a middle income country.

China in the 90s already had Microsoft Research Asia (Beijing), Tencent, Baidu, Alibaba, Huawei, Netease.

Vietnam today only has Facebook - as a user. Neither Facebook - nor any other major company - put R&D in Vietnam nor does Vietnam have innovative domestic companies. Vietnam today is economically and technologically under the full control of foreign enterprises with not even the slightest hint of independence.

India is far ahead of Vietnam in attracting foreign R&D such as Intel Bangalore.

 

[casual]

China in the 90s already had Microsoft Research Asia (Beijing), Tencent, Baidu, Alibaba, Huawei, Netease.

Vietnam today only has Facebook - as a user. Neither Facebook - nor any other major company - put R&D in Vietnam nor does Vietnam have innovative domestic companies. Vietnam today is economically and technologically under the full control of foreign enterprises with not even the slightest hint of independence.

India is far ahead of Vietnam in attracting foreign R&D such as Intel Bangalore.

Again vietnam doesn't need R&D for light industries. Also unlike China, India, and US, vietnam doesn't have the domestic market to sustain tech companies.

 

[FairAndUnbiased]

Again vietnam doesn't need R&D for light industries. Also unlike China, India, and US, vietnam doesn't have the domestic market to sustain tech companies.

without heavy industry and R&D they'll fall into the low income trap where they can't compete with Bangladesh in textiles but also can't compete in high tech with China/US.

 

[Viet]

At least someone is copying copy cat China

Yes copying China is our traditional pastime. Ha ha.

 

[flowerfan2020]

Yes copying China is our traditional pastime. Ha ha.

So real thief calling other a thief. Shameless Viet...

 

[TaiShang]

A look at America’s trade deficit with Vietnam demonstrates just how profitable this currency manipulation can be. From 2009 to 2019, America’s annual goods trade deficit with Vietnam soared from $9.2 billion to $55.8 billion. In fact, the 2019 U.S. goods deficit with Vietnam rose by a staggering 44% from 2018. And it’s on track to finish 2020 by reaching at least $65 billion

Earl signs of bite as much as you can chew policy?

The US barked at China for decades for no avail. Maybe the regime thinks they can bark and bite at Vietnam before it gets too big to bite.

Let's see the size of bone in VCP's back. If China is an indicator, they will not budge. If VCP decides to become a Japan, then, they will play a hard sell to get as many candies from daddy as possible.