Vietnam is a booming economy since 1990 and it's growing even faster over the year. When compared to the region of South East Asia, Vietnam has been in the lead of GDP growth since 1995 until now. Despite the worldwide financial crisis of 2008, Vietnam is still among the highest growth economies in the area: (source) However, please note that highest growth rate DOES NOT … [Read more...] about Long Waits Could Hurt Economy
Business & Tech
Traditional and Conventional Agriculture, an Economic Perspective
Before the dominance of conventional agriculture, food was grown using natural fertilizers and could be considered primarily organic; this method came to be known as traditional agriculture. Conventional agriculture, which involves techniques using certain non-organic fertilizers, pesticides, insecticides and herbicides, gained a strong foothold due to the claim of higher crop … [Read more...] about Traditional and Conventional Agriculture, an Economic Perspective
Trade Deficit in Vietnam: Good or Bad?
If you read my last article, you will notice that Vietnam's trade deficit is on the rise for the past 5 years. Furthermore, the growth seems to be exponential rather than a constant level. What does this mean? Are Vietnamese spending too much instead of saving? Is Vietnam's economy unstable and will collapse in the near future? Let us take a closer look at some statistics to … [Read more...] about Trade Deficit in Vietnam: Good or Bad?
Buying and Selling with Vietnam
Vietnamese economy is among the fastest growing economies in the new millennium - average 6.5% within the last 10 years (source: CIA Factbook). Industries are gradually shifting away from agriculture productions and more into manufacturing and services: (source: EU Trade Commission - click for large size) Also, GDP per capita has been growing and is currently at its highest … [Read more...] about Buying and Selling with Vietnam
Why Viet Kieus need to learn from their local counterparts [Business In Vietnam]
A friend of mine from Bain and Co. sent over an article titled "Winning in Emerging Markets." The article, written by Satish Shankar, provides 6 strategies on how to compete in emerging markets like Vietnam, India, and China. The strategy that caught my eyes was "localize at every level." Adjusting your company to fit the local environment is key to having a successful … [Read more...] about Why Viet Kieus need to learn from their local counterparts [Business In Vietnam]