Comments on: Vietnam is a bad example to newly emerging markets http://blogs.reuters.com/breakingviews/2012/10/01/vietnam-is-a-bad-example-to-newly-emerging-markets/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: futuresasia http://blogs.reuters.com/breakingviews/2012/10/01/vietnam-is-a-bad-example-to-newly-emerging-markets/comment-page-1/#comment-10956 Tue, 16 Oct 2012 05:35:48 +0000 http://blogs.reuters.com/breakingviews/?p=14330#comment-10956 I do not consider the article entirely accurate … the article has some valid points but there seems to be some overgeneralization as well.

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By: huynh http://blogs.reuters.com/breakingviews/2012/10/01/vietnam-is-a-bad-example-to-newly-emerging-markets/comment-page-1/#comment-10775 Wed, 03 Oct 2012 05:56:11 +0000 http://blogs.reuters.com/breakingviews/?p=14330#comment-10775 The lesson from emerging China economy nor Vietnam or any other developing nations not without thoroughly exam the consequence that the investment for the sake of benefit of the people as a whole or for the local governments. because lack of transparency,corruption and indirectly encourage the authoritarian tighten control the freedom of the ordinary working class people and those under privilege of society. they should only receive economic aids, investments nor integrate to any of the world body organizations like the World Bank,unless the fundamental freedom of free speech and media of the people is guaranteed otherwise, by continuous doing so,the west indirectly collaborated, giving the tools to authoritarian regimes to suppress it people.stop being hypocrisy and crying wolf.

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By: Freedom4A http://blogs.reuters.com/breakingviews/2012/10/01/vietnam-is-a-bad-example-to-newly-emerging-markets/comment-page-1/#comment-10766 Mon, 01 Oct 2012 20:55:37 +0000 http://blogs.reuters.com/breakingviews/?p=14330#comment-10766 Very comprehensive view of the real situation in Viet Nam, Rob. I was there between 1995 and 2008, while I was there, I can see clearly many companies leaned toward real estate investment as a way to make big and quick bucks instead of focusing on their main business. Vinaline is a good example on a grand scale due to abundance of capital available to them. There is no doubt that many banks jump in the bandwagon for a hope of profit at the time. As the financial crisis struck in 2008 and the real estate market sunk, so are the capital of many companies and banks. We have the same problem here with the collapse of banking industry during this time, aren’t we? The 1998 Asia financial collapse started from Thailand was also due to over-hyped real estates.

I dont know what the world can do to get out of this cycle of boom and bust. It is called free market system, we have reaped the benefits of it, we also have to bear the consequences of it.

With that being said, State Enterprise is a key source of corruption, where the elites in power, whose only expertise is to reap a huge profit even before the venture makes any profits, make their real income. Reform has been promised year after year but proved to be only lip service. I think privatization is probably the only answer, but, as proven in the past, there are plenty of road blocks when it involves large juicy enterprises.

Being a Vietnamese American, I feel very sorrow to see my root country missed all the excellent opportunities presented to her out of stupidity and greed. I just hope Hanoi would not end up selling its soul and sovereignty in South China Sea (or VN East sea) to China to get out of this situation.

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