The risk for Vietnam if it opens its borders to trade but does not upgrade technically to make value-added products, it becomes an assembly factory and producer of raw materials for China. You have to remember how poor Vietnam actually is. I'd be worried over the long term whether it can achieve an increase in value-added products the way that Malaysia, Taiwan and South Korea did. It does not yet have the policy tools to provide a national program of technology upgrading.
More Quotes from Jonathan Pincus:
You'll find tremendous enthusiasm among the foreign community for Vietnam as the next rising star.Jonathan Pincus
The Vietnam accounting standards for non-performing loans show a rate of about 4 percent. But if they were to apply international standards the rate would probably be closer to 15 percent, a very high rate indeed.
Jonathan Pincus
China is accounting for ever larger proportions of research and development financing, but Vietnam is still not in that game yet.
Jonathan Pincus
A lot of lending is going on in the form of dollars, which is reflecting international interest rates.
Jonathan Pincus
Readers Who Like This Quotation Also Like:
Based on Topics: Computers & Technology Quotes, Product QuotesBased on Keywords: upgrading
We must reinvent a future free of blinders so that we can choose from real options.
David Suzuki
Well, one of the things I did was recreate her home in my home.
Debbie Reynolds
From slavery to segregation, we remember that America did not always live up to its ideals. In fact, we often fell far short of them. But we also learned that fundamental to our national character is the drive to live out the true meaning of our creed.
Bill Frist