Lucia Millar · Lives in Asia Updated 4y

Among Thailand, the Philippines, Malaysia, and Vietnam, which country will be the 1 trillion economy the soonest? Why?

Question: Among Thailand, the Philippines, Malaysia, and Vietnam, which country will be the 1 trillion economies the soonest? Why?

Answer: From the source of IMF, in the GDP PPP index, after Indonesia and Thailand, Vietnam has already become the 1 trillion-dollar economy in 2020. Also, I think that the Philippines and Malaysia will also be the trillion-dollar economy in the next few years. Myanmar will be the potential candidate to become the trillion-dollar economy but it is still far away to get this point.

Vietnam:

(Ho Chi Minh City, Vietnam)

(Vietnam: Gross domestic product (GDP) in current prices from 1984 to 2021

[1] )

Tiếp tục đọc “Among Thailand, the Philippines, Malaysia, and Vietnam, which country will be the 1 trillion economies the soonest? Why?” →

Neel Patel · Lives in Vietnam7y

Because Vietnam had possibly the worst possible set of circumstances post WWII of any country in the entire world. First, the French did not immediately give it independence the way the British did with India. Instead Vietnam had to fight a war against France, which later turned into a war against the US. In the process millions died and millions more left, often the educated and businessman Vietnamese who were important to the economy. A lot of the country was devastated. Then after Vietnam finally gained its independence completely in the 1970’s (way later than countries like Indonesia, India, Philippines, etc), it had to fight wars with Cambodia and China.

All along western sanctions were still imposed until the 90’s. Diplomatic relations with the US were not re-established until the 90’s. The economy in the 70’s and 80’s did not do well because it was closed off from the rest of the world and heavily socialist and dependent on the USSR. Finally around 1986 the government at least reformed the economy to be more free market. Since that time Vietnam has grown fast. It is now a stable country with one of the fastest growing economies in the world.

Tiếp tục đọc “Why is Vietnam still a poor country despite all the resources it had?” →

Arkaneh Urairat · Have just returned to Thailand: 8-year-ago 3y

Will Vietnam economy pass Thailand in the next 15 years?

15 years- so near and yet so far, isn’t it? But some say 20–30 years.

Let’s get real.

Yesterday, all Thai TV viewers were made to see a piece of the news —how Vietnam’s VinFast the first lot of EV vehicles were made to line up waiting for docking on board to ship to the US… the sight that raises everyone’s eye brows.

However, it’s no surprise with Vietnam is one of the few countries to record positive economic growth during the pandemic

Tiếp tục đọc “Will Vietnam economy pass Thailand in the next 15 years?” →

CaiLei · Lives in China (1975–present) Updated 1y

Why is East Asia (China, Japan, Korea, Vietnam) so much more developed than South Asia (India, Pakistan, Bangladesh, Nepal, Sri Lanka)? Is it because the governments there are efficient or the people are hard-working?

It is supposed that different cultures lead to different results.

China, Japan, South Korea and Vietnam belong to the Sinosphere cultural circle and are influenced by Confucian culture; India, Pakistan, Bangladesh, Nepal, Sri Lanka belong to the Indosphere and are influenced by Hindu culture.

Tiếp tục đọc “Why is East Asia (China, Japan, Korea, Vietnam) so much more developed than South Asia (India, Pakistan, Bangladesh, Nepal, Sri Lanka)? Is it because the governments there are efficient or the people are hard-working?” →