THACO exports buses to the Philippines

[UKBengali]

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.

Not saying that the BD model is perfect as it needs to send too many workers abroad but be very careful of foreign companies dominating and strangling your domestic industries.

Vietnam exports twice it's actual GDP which shows how much that it's industrial output is reliant on foreign tech.

Let us see how it goes between BD and Vietnam over the next 10 years.

 

[Viva_Viet]

Not saying that the BD model is perfect as it needs to send too many workers abroad but be very careful of foreign companies dominating and strangling your domestic industries.

.

No they cant do that,our workers will burn up their factories and beat up the bosses/managers like what we did to Cnese factories in 2014.

Thats why all Twese,Cnese, JP managers/bosses in VN is as good as puppies now after 2014 incidents, they simply dont wanna be beaten up again

 

[Indos]

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.

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

No, you are wrong. Singapore attract more FDI compared to all ASEAN members, including Indonesia which is much bigger than them. And this high inflow of FDI has been going on since its independence until now.

 

[Nike]

Singkies FDI is come from investment funds portfolio to be disbursed later to other country. They are investment makelar in short

Meanwhile most of investment who come to China, Thailand or Indonesia mostly in manufacturing, housing or retailing sector

 

[Viet]

Not saying that the BD model is perfect as it needs to send too many workers abroad but be very careful of foreign companies dominating and strangling your domestic industries.

Vietnam exports twice it's actual GDP which shows how much that it's industrial output is reliant on foreign tech.

Let us see how it goes between BD and Vietnam over the next 10 years.

We don’t need to reinvent the wheels. We can study other countries how they progress and learn. Vietnam market is too small we need export markets. People don’t have enough the money to self drive the economy. Ok shoe factories workers earn $500 per month when working overtime but how about the rest?

When I joined this forum VN export was $100b with $100m trade surplus, now export approaches $300b, we record $10b surplus. Certainly all is not our money, majority go to foreigners, Fdi business, however the question is do we have other options? We couldn’t wait until our domestic industry get matured. People need jobs and incomes to feed their families now and not in 10 years.

So VN clearly follows the path of other export focused EA comrades.

The economy grows over 7pct in the last two years. That’s a good number. I think if we can keep this figure for at least a decade, VN will rise to a high income country, with people having enough money to drive the economy by consumption. Until then we export as if there is no tomorrow. Ha ha.

If growing 8pct or more like BD, I would be happier. You have more people though, so it’s not really comparable two countries.

Singkies FDI is come from investment funds portfolio to be disbursed later to other country. They are investment makelar in short

Meanwhile most of investment who come to China, Thailand or Indonesia mostly in manufacturing, housing or retailing sector

I have observed both SG and ID economy for a while, quite interesting. You both follow different economics models. SG makes better in any metrics.

 

[UKBengali]

We don’t need to reinvent the wheels. We can study other countries how they progress and learn. Vietnam market is too small we need export markets. People don’t have enough the money to self drive the economy. Ok shoe factories workers earn $500 per month when working overtime but how about the rest?

When I joined this forum VN export was $100b with $100m trade surplus, now export approaches $300b, we record $10b surplus. Certainly all is not our money, majority go to foreigners, Fdi business, however the question is do we have other options? We couldn’t wait until our domestic industry get matured. People need jobs and incomes to feed their families now and not in 10 years.

So VN clearly follows the path of other export focused EA comrades.

The economy grows over 7pct in the last two years. That’s a good number. I think if we can keep this figure for at least a decade, VN will rise to a high income country, with people having enough money to drive the economy by consumption. Until then we export as if there is no tomorrow. Ha ha.

If growing 8pct or more like BD, I would be happier. You have more people though, so it’s not really comparable two countries.


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Neither model is good - BD has too little FDI but Vietnam has too much in my opinion.
BD is finally starting to drive the economy through internal consumption and FDI is increasing but the government is being careful about how much it allows in.
Yes Vietnam is doing well to be growing at 7% and it is building it's industrial might, but it is a concern that imports/exports are such a multiple of GDP for such a large country.
Like I say let us see how BD and Vietnam does over the next 20 years.

 

[Viva_Viet]

No, you are wrong. Singapore attract more FDI compared to all ASEAN members, including Indonesia which is much bigger than them. And this high inflow of FDI has been going on since its independence until now.

Based on the report, FDI to ID mainly mining and service,is it true ??

----+++
FDI to manufacturing is declining

Most FDIs to Indonesia in the last few years have been channeled to non-manufacturing sectors. The top five destination of FDIs in Indonesia have been renewable energy, mining, chemical, real estate, and metals. After that, sectors of choice were services such as hotels, information technology, and finance. Only at number 10 does a manufacturing sector—the automotive industry—figure
https://www.adb.org/news/op-ed/foreign-direct-investment-not-coming-indonesia-really-edimon-ginting

Neither model is good - BD has too little FDI but Vietnam has too much in my opinion.
BD is finally starting to drive the economy through internal consumption and FDI is increasing but the government is being careful about how much it allows in.
Yes Vietnam is doing well to be growing at 7% and it is building it's industrial might, but it is a concern that imports/exports are such a multiple of GDP for such a large country.
Like I say let us see how BD and Vietnam does over the next 20 years.

Tomorrow is New year and we still do our export-import work,no New year holiday.

If BD export-import sector got off in New Year, then its hard to catch up wt VN bro :

New year is just normal working day for import-export sector in VN now cos too many things to do.

 

[Viet]

Neither model is good - BD has too little FDI but Vietnam has too much in my opinion.
BD is finally starting to drive the economy through internal consumption and FDI is increasing but the government is being careful about how much it allows in.
Yes Vietnam is doing well to be growing at 7% and it is building it's industrial might, but it is a concern that imports/exports are such a multiple of GDP for such a large country.
Like I say let us see how BD and Vietnam does over the next 20 years.

My friend I don’t think we receive too much Fdi. In contrast we need more Fdi! VN will close this year with $40b Fdi. Two years ago I predicted we would surpass Indonesia when they laughed: no way, impossible.

If we continue with economic reform, making business as easy as possible we would catch up with Singapore level, between $70b and $80b per year.

We can talk of domestic consumption economy in 10 years but not now.

Based on the report, FDI to ID mainly mining and service,is it true ??

----+++
FDI to manufacturing is declining

Most FDIs to Indonesia in the last few years have been channeled to non-manufacturing sectors. The top five destination of FDIs in Indonesia have been renewable energy, mining, chemical, real estate, and metals. After that, sectors of choice were services such as hotels, information technology, and finance. Only at number 10 does a manufacturing sector—the automotive industry—figure
https://www.adb.org/news/op-ed/foreign-direct-investment-not-coming-indonesia-really-edimon-ginting


Tomorrow is New year and we still do our export-import work,no New year holiday.

If BD export-import sector got off in New Year, then its hard to catch up wt VN bro :

New year is just normal working day for import-export sector in VN now cos too many things to do.

What’s export business you are working for, bro?

 

[Indos]

Based on the report, FDI to ID mainly mining and service,is it true ??

----+++
FDI to manufacturing is declining

Most FDIs to Indonesia in the last few years have been channeled to non-manufacturing sectors. The top five destination of FDIs in Indonesia have been renewable energy, mining, chemical, real estate, and metals. After that, sectors of choice were services such as hotels, information technology, and finance. Only at number 10 does a manufacturing sector—the automotive industry—figure
https://www.adb.org/news/op-ed/foreign-direct-investment-not-coming-indonesia-really-edimon-ginting

Thanks for the article bro, quite informing. Ya, I think it is a problem if that is the case. This is why some drastic measure like banning raw minerals like nickle will be enforced starting at next year (tomorrow) and for the last 5 years there are so many infrastructure project going on as it is main focus of Jokowi administration. Some reform in regulation will also be done next year to improve ease of doing business. Many of the infrastructure projects are just finished recently so I think it needs time to see the effect.

As I checked some time ago, manufacturing contributes around 30 percent of Indonesia GDP. I think Indonesia need to rely on domestic investment to improve its manufacturing sector if that trend keep going on.

 

[Viva_Viet]

What’s export business you are working for, bro?

Many things including electrical devices for car exporting to North America. Huge order "thanks" to tariff to CN ones

Thanks for the article bro, quite informing. Ya, I think it is a problem if that is the case. This is why some drastic measure like banning raw minerals like nickle will be enforced starting at next year (tomorrow) and for the last 5 years there are so many infrastructure project going on as it is main focus of Jokowi administration. Some reform in regulation will also be done next year to improve ease of doing business. Many of the infrastructure projects are just finished recently so I think it needs time to see the effect.

As I checked some time ago, manufacturing contributes around 30 percent of Indonesia GDP. I think Indonesia need to rely on domestic investment to improve its manufacturing sector if that trend keep going on.

Reform will not work if ID cant get FTA wt EU and low tariff from US. ( FTA wt EU is not easy cos we have to follow some of EU rules like increasing labours right and intellectual property ) or else investors will not come cos they cant export their products to EU , US.

Our infracstructure is still not ad good as ID, but investors still come cos they nid to export their products to EU,US .

And they have to agree to transfer some good tech to VN, thats why VN got 5G tech now)