THACO exports buses to the Philippines

[Viet]

First shipment of 15 buses out of 200. specially designed and made by the busmaker Thaco to the Philippines. The company has so far produced 17,000 buses to the domestic market.

Better than making shoes

 

[Viet]

Hopefully more orders by other ASEAN countries

 

[UKBengali]

Well done to Vietnam.

Looking at value add to manufacturing:

https://tradingeconomics.com/vietnam/manufacturing-value-added-percent-of-gdp-wb-data.html

Vietnam needs to increase this percentage to keep wealth in the country.

 

[Viet]

Well done to Vietnam.

Looking at value add to manufacturing:

https://tradingeconomics.com/vietnam/manufacturing-value-added-percent-of-gdp-wb-data.html

Vietnam needs to increase this percentage to keep wealth in the country.

Still very low
We must make more high priced products, not shoes, we will be stuck forever in low income otherwise.

 

[UKBengali]

Still very low
We must make more high priced products, not shoes, we will be stuck forever in low income otherwise.

You need to slowly start making your own electronics and push the multinational companies out.
They provide jobs but do not give Vietnam the tech and take the profits out of the country.

 

[Viva_Viet]

Still very low
We must make more high priced products, not shoes, we will be stuck forever in low income otherwise.

Actually shoes workers in VN can earn as good salary as car/phone workers when they can work overtime. ( up to 500 usd per month like I said )

 

[Indos]

First shipment of 15 buses out of 200. specially designed and made by the busmaker Thaco to the Philippines. The company has so far produced 17,000 buses to the domestic market.

Better than making shoes

Is it a private company or state owned companies ?

 

[Viva_Viet]

Is it a private company or state owned companies ?

Its hard to know which one is private or state owned companies in VN ( or even CN). Just like we still dont know Huawei is private or state owned company.

Many companies r mixed private-state owned companies.

 

[Viva_Viet]

You need to slowly start making your own electronics and push the multinational companies out.
They provide jobs but do not give Vietnam the tech and take the profits out of the country.

Not able to push multinational companies out yet cos US may tariff VN products like CN ones now.

Will do that when US collapse

 

[UKBengali]

Not able to push multinational companies out yet cos US may tariff VN products like CN ones now.

Will do that when US collapse

I did say "slowly"

 

[Viet]

Actually shoes workers in VN can earn as good salary as car/phone workers when they can work overtime. ( up to 500 usd per month like I said )

$500 is ok.

Is it a private company or state owned companies ?

Private
I believe.

Thaco Bus in public transport

 

[Viva_Viet]

I did say "slowly"

True, we all should do it slowly cos actually US is just like Mongol empire in 13th century, only good at invading and killing and finally collapse.

As US will collapse cos she keep acting like Mongol, then everyone must slowly make their own high tech to replace US companies in the future

@Viet Shoes factories create lots of jobs and workers still can earn up to 500usd/month when working overtime while selling car is very competitive while salary for Thaco car worker is also just aroud 400-500 usd per month.

 

[Viet]

You need to slowly start making your own electronics and push the multinational companies out.
They provide jobs but do not give Vietnam the tech and take the profits out of the country.

No we are not there yet, not driving them out, we need them.
The more the better.
Look at Singapore! We shall copy the country. They have lots of foreign headquarters that operate in ASEAN and beyond. We need their technology their expertise. Like Singapore, we have a perfect location, the right people, the strong spirit.

Singapore in the 1970-80 at the same level of Vietnam today. We just need a right policy, strong growth rate, then voila, $10k Gdp per capita is reached in a decade. From $10k to $20k to 30k only a matter of time once the $10k mark is reached.

 

[UKBengali]

No we are not there yet, not driving them out, we need them.
The more the better.
Look at Singapore! We shall copy the country. They have lots of foreign headquarters that operate in ASEAN and beyond. We need their technology their expertise. Like Singapore, we have a perfect location, the right people, the strong spirit.

Singapore in the 1970-80 at the same level of Vietnam today. We just need a right policy, strong growth rate, then voila, $10k Gdp per capita is reached in a decade. From $10k to $20k to 30k only a matter of time once the $10k mark is reached.

I am not talking about now but over some time.

Vietnam cannot copy Singapore model as they are very small(5 million to 100 million population of Vietnam).
Singapore has turned itself into a place where it attracts a lot of skilled expats - nearly 20% of it's population are not citizens!

If you look at all the development of countries like Japan, Taiwan and Singapore, they mainly relied on their own domestic companies for exports and did not invite too many foreign companies into their country.

BD is trying something similar to what these countries have done as it's own companies dominate the home market in areas like electronics and pharmaceuticals. While it makes BD have a much smaller export volume than Vietnam it means that the tech is BD's and the profits are all BD's. This allows a steady buildup of the growth rate as below:

https://www.imf.org/external/pubs/f....x=66&pr1.y=14&c=513,582&s=NGDP_RPCH&grp=0&a=

See BD is managing around a 1% extra in growth a year over Vietnam - this will add up over many decades.

 

[Viet]

I am not talking about now but over some time.

Vietnam cannot copy Singapore model as they are very small(5 million to 100 million population of Vietnam).
Singapore has turned itself into a place where it attracts a lot of skilled expats - nearly 20% of it's population are not citizens!

If you look at all the development of countries like Japan, Taiwan and Singapore, they mainly relied on their own domestic companies for exports and did not invite too many foreign companies into their country.

BD is trying something similar to what these countries have done as it's own companies dominate the home market in areas like electronics and pharmaceuticals. While it makes BD have a much smaller export volume than Vietnam it means that the tech is BD's and the profits are all BD's. This allows a steady buildup of the growth rate as below:

https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/weorept.aspx?sy=2015&ey=2020&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=66&pr1.y=14&c=513,582&s=NGDP_RPCH&grp=0&a=

View attachment 596844

See BD is managing around a 1% extra in growth a year over Vietnam - this will add up over many decades.

Ok there is a long way to go. We need foreigners to develop domestic industry. We need their money their expertise their technology. Vinfast can’t make cars without BMW. Thaco can’t build buses without decades of making foreign brands.