Is Vietnam the Next China?
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- Опубліковано 9 лип 2024
- As dawn breaks over Ho Chi Minh City, its vibrant streets teem with activity, mirroring Shenzhen's early 1990s transformation. With a population exceeding 100 million, Vietnam is emerging as a manufacturing powerhouse, reminiscent of Guangdong's rise, driven by strategic economic reforms and a young, dynamic workforce. In contrast, China's vast GDP and industrial output position it as a global economic giant, yet it faces challenges like an aging population and rising labor costs. Vietnam's lower labor costs and strategic location attract significant foreign investment, particularly in textiles and electronics, while China's focus shifts to high-tech industries and domestic consumption. Politically, China's centralized governance contrasts with Vietnam's socialist-oriented market economy, both fostering stability and growth through different models. Geopolitically, China's assertive actions in the South China Sea and its Belt and Road Initiative mark its global influence, whereas Vietnam balances ties with major powers and strengthens regional partnerships. Despite bureaucratic and infrastructural challenges, Vietnam's integration into global supply chains and favorable trade agreements propel its economic ascent. Both nations face unique challenges and opportunities, with their trajectories poised to significantly impact regional and global economic dynamics. Like, comment, and subscribe for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.
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0:00 Vietnam: The Next China?
2:41 Economic Growth & Manufacturing: China
4:20 Vietnam
6:50 Political Systems: China
8:50 Vietnam
9:49 Foreign Relations: China
10:54 Vietnam
11:47 Trade & Investment: Vietnam
12:29 Challenges & Opportunities: China
15:35 Vietnam
16:57 Conclusion
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#vietnamnextchina #vietnamvschina #vietnamnews #vietnmwar #vietnamccp #vietnameconomy #vietnamsouthchinasea #southchinasea #xijinping
Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.
Why North Vietnam is Poor and South is Rich?
ua-cam.com/video/waTiXguv-P8/v-deo.html
@@PacificReport you’re getting opposite, look at the infrastructure at the north, the roads up north is more modern, the south needs a lot of work! all the money from the southern people they take it up north because northern Vietnamese people rule Vietnam so they don’t care about the south!
After seeing how powerful China is, many Westerners go crazy and always think that there is a country that can replace China. In the past, Westerners liked to say that India was the next China, but now it is Vietnam? How did China become the world's second largest economy? If measured in terms of purchasing power, China's GDP has surpassed that of the United States. Do many Westerners know that China has the most complete industrial categories in the world? China is the world's largest industrial and manufacturing country. Vietnam? Vietnam relies on help from China even for electricity. China ranks first in the world in electric power.
Vietnam's prosperity is good for humanity , especially Africa . ❤
Surely, Vietnam will be the next. They are hard workers and culturally based development.
.
Initially, they gave that all important title (the next China legacy) to the great nation of india until india start playing with the cheap Russian oil and gas markets…
Funny how they flip flops with these things meaning how instantaneously that title goes to vietnam and soon to the Bong Bong family for their playing hardball with the Chinese.
Strange phenomenon isn’t if?
.
Vietnam is grappling with a significant challenge: a severe electricity shortage. Without a reliable power supply, industrial production comes to a standstill. To address this, Vietnam urgently needs to expand its nuclear power capacity. In comparison, China's electricity output is twice that of the USA, while Vietnam's output is merely a fraction of China's, at just 1/30th of its neighbor's capacity. To bridge this gap, Vietnam's energy infrastructure requires significant investment and development, which will likely take at least 50 years to reach parity with China's current capabilities."
The incompetence and corruption in this government is becoming increasingly risky and ridiculous. I sympathize with citizens who aren't getting the help they deserve.
I sympathize with people with disabilities who aren't receiving the help of anybody. Thank you, Katrina Charles, for seeing my $5,000
investments growing.
I agree; there are strategies for achieving solid gains regardless of economic or market conditions. However, these strategies are typically executed by experienced investment experts.
Wow You just mentioned Katrina Charles
Indeed, that woman has been an incredible
mentor to me, imparting a deep understanding of the economy that I wish college had provided.
I feel the same, especially for people with disabilities. Congratulations on your breakthrough. I appreciate your advisor; her results are very professional.
Well done Vietnam 🇻🇳 👏👏👏
VIETNAM HAS MANY GOOD PROGRAMMERS
In Vietnam?
lol ...
@@cashcash5995 yes..in vietnam..
not vietnamese in usa..
Vietnam is still Vietnam,not the next China,no way.😮
VIETNAM STAYS AS VIETNAM 👍🧐
Chinese industry upgrade 4.0 is almost done, with many heavy industry operated by robotic machinery, and Vietnam is probably a part of Chinese supply chain in near future due to its smaller market size and insufficient power energy infrastructures. In General, ASEAN and China are expected to grow GDP rapidly in next decade.
Dude we arent lack of power 😅 cause new power plant is being built and also nuclear power plant if russia help
@@tom4488 Vietnam economy is better and is good for China as well, it means more trade and shared prosperity.
@@tom4488 can you inmagine how ecnomy could grow dramatically with Eurorassia + ASEAN + China , and there is nothing to do USA and UK in the future.
Domestic consumption in China isn’t good enough to keep their economy growing. Vietnam will take a huge chunk of China’s exports
@@didierduplantier8359 From January to April 2024, Vietnam's total import and export of goods reached US$238.88 billion, with a trade surplus of more than US$8.4 billion.
From January to April 2024, China's total import and export of goods was 13.81 trillion CNY, the trade surplus was 1.8 trillion CNY.
Việt Nam là Việt Nam, không cần giống kẻ khác
Vietnamese manufacturing is really China manufacturing operating in Vietnam
VIETNAM WILL REMAIN AS VIETNAM - EVEN IF THEIR ECONOMY WORKS WELL - PEACE, GLOBAL THINKING, NO CORRUPTION AND DEMOCRATIC
Economically No, but. the people of Vietnam have more freedom and happiness than Chinese people for sure.
What freedom do you have in Vietnam?
@@highcube25-vt3uqkhông cần vpn để tiếp xúc với thế giới
@@highcube25-vt3uq Việt Nam tự do nhất Thế giới
Vietnam hasn't invested in its infrastructure like China. That's a huge difference not addresed in this video.
these same people have been saying India is the next China.
Yes, Only in daydreaming.
In 2023, Vietnam gdp 406 billions, ranked 35th. China gdp 17.96 trillion ranked 2nd in the world. The data would tell you if it's possible.
I know Vietnam is still far behind China but its pretty stupid when compare GDP from 1 billion population country to 100 million population country.
It’s mindless stupidity to be always asking and comparing two countries: Is Vietnam the next China? Is India the next China? Is Philippines the next Japan? Why won’t India be next Philippines or the Philippines be the next India? Why China? Why is the US left out of the picture or equation? Why can’t these countries develop in their own syn 4:10 energy, progress and advance in their own way? It is obvious that every country is unique in its own way, their government, their way of life, their values and priorities.
YES !
Some countries near China is already so much near China
Well their rice is not good to eat if you cant add with other com. rice
Same quality as China will make investments fall but iftbey improve it that will be ok "not sogood"
OBVIOUSLY !
Can't beat China. Scale of size. Now China no longer 1 child policy.
AI robotic machinery, market size, and energy infrastructure play a key role in future growth for a country. Educated and skilled workers will play a key role in manufacturing, and factory baseline workers may be replaced by AI robots. That is, population size will not play a significant role, and university education needs to be upgraded to adapt to the high-tech production transformation.
no. Vietnam is 100 M. China is 1.4 B
Every Communist literally have the same mindset. To establish power and dominance.
so you're saying capitalists dont do the same? Dont cry loser
Politically, China isn't that different from Vietnam. Neither country is a liberal democracy. I wonder when the USA will start calling the leader of Vietnam a "dictator"?
The USA doesn't care about dictator or not. It just care about its hegemony. China is threatening its position as the No 1 economy of the world, just as the USSR and Japan did in the past.
The USA could defeat Japan by using China, South Korea, and Taiwan to erode away Japan's comparative advantages, as China, South Korea, and Taiwan in combination could provide everything Japan could with lower price.
Now the USA just doesn't care at all what label Vietnam should have. It needs Vietnam now to erode away China's advantages. Vietnam alone cannot do that, but it is surely included in the USA's scheme, together with many other countries.
Việt nam có thể gọi là chế độ chủ nghĩa dân tộc hơn, cộng sản hay tư bản chỉ là tên gọi
Our people have the right to criticize officials if they are wrong, but you cannot slander others if they do the right thing. We can also use facebook, youtube... connect to the world like any other country in the world. Our leaders are willing to listen to public opinion, and make changes if correct. Do you understand what dictatorship is?
Americans have no right to call us whatever they want. We are a sovereign country, we have never been afraid of America, we have never been dependent on them.
The relationship between the US and Vietnam is a partnership where both sides benefit. OK?
the Vietnamese can vote to elect their representative to the government, and can dismiss them too, which is impossible in China
@@ManuManu-ih7yx The Chinese can elect local representatives at the village level.
Still hard at it! Typical! Very typical!
Vâng rất khó khăn và thách thức, nhưng người Việt Nam chúng tôi xem đó là mục tiêu tạm thời để phấn đấu và phát triển
The next China is..surprise..China! Countries around it and trading with it will get richer and develop together . That's all.
Vietnam can be a good industrial country. But limited by it's teritory size and natural resource
Oil & gas reserves in SCS sea.
VSIP Vietnam Economic Model(VSIP# 1 to VSIP# 12...) attracting FDI, DDI investors. Try Wikipedia & see yourself👁️👁️.
Vietnam faces challenge from electricity shortage. Without electricity, nothing can be made, and Vietnam needs more nuclear power stations. China electricity output is 2 times more than USA, while Vietname is 1/30 of China currently. Energy infrastructure projects require Vietnam to take at least 50 years to catch up with China.
@@serriajohnchính phủ Việt Nam đã có chính sách quy hoạch điện 8 đáp ứng sự bùng nổ kinh tế giai đoạn này. Và đang tích cực triển khai, bạn sẽ thấy năm trước thiếu điện cục bộ thời gian ngắn do hạn hán đập thủy điện. Năm nay chưa có hiện tượng lặp lại.
@@serriajohn
China imports 5GW from Russia, and 500MW from North Korea, China exports around 200MW to Vietnam per year, which represents just 0.6% for Vietnam.
越南是下一个广东
Việt Nam là Việt Nam, không phải Quảng Đông nào hết , chúng tôi không muốn giống Trung Quốc
Bớt ngu ngốc và ảo tưởng lại nhé Trung Quốc, Việt Nam là nước có chủ quyền- độc lập- tự do. Cút và ở yên trong đất nước Trung Quốc đi
vietnam is the 2 biggest city of china
We are Vietnamese, not Chinese, Never!
China is the water down. That why have to reproduce soo much to make up for quality.
@@vanlamlenhat7783😁
Nói ra thì biết bạn thiếu hiểu biết
@@vanlamlenhat7783 hongkongese, shanghainese, taiwanese, and vietnamese are the same.
South Korea has a population of only 50 million, and it needs a lot of high-end manufacturing industries to join the ranks of developed countries. Vietnam has a population of 100 million, and the entire country does not have an international technology company. It is basically impossible for Vietnam to become a developed country. Countries that develop earlier than China have the opportunity to become developed countries, and countries that develop later than China basically have no chance of becoming developed countries!
First, you have very low education of Vietnam history. So, I can say Vietnam stuck in Wars in last century 20.
Second, you're only Chinese, or S. Koreans, or Japanese or someone proclaimed yourself as Vietnamese, but you do not contribute Vietnam anything.
Third, if you think Vietnam is behind S. Korea or Japan, let I tell you and the world two things,
"As long as USA always give you money and USA citizens always smile, S. Korea and Japan are always rich".
"Almost techs that S. Korean, Taiwan, China, Japan get/use from USA"
Vietnam faces challenge from electricity shortage. Without electricity, nothing can be made, and Vietnam needs more nuclear power stations. China electricity output is 2 times more than USA, while Vietname is 1/30 of China currently. Energy infrastructure projects require Vietnam to take at least 50 years to catch up with China.
China imports 5GW from Russia, and 500MW from North Korea, China exports around 200MW to Vietnam per year, which represents just 0.6% for Vietnam.
@@ManuManu-ih7yx In 2022, China's electricity output was 8.8 trillion kWh, nearly twice the 4.5 trillion kWh of the United States. Vietnam was260 billion kWh. China electricity output was 30 times more than Vietnam.
@@ManuManu-ih7yx electricity output , 2023
No. 1 - China, 9.5 trillion kWh,
No. 2 - USA , 4.23 trillion kWh
No. 3 - India, 2 trillion kWh
No. 4 - Russia, 1.2 trillion kWh
No. 20 - Vietnam, 26 billion kWh
@@ManuManu-ih7yx USA electiricity output was 4.5 trillion kWh in 2022, and decreased to 4.23 trillion kWH in 2023, probably USA manufacturing is shrinking from 2022 to 2023.
Too bad the picture of the guy on the right is no longer president of Vietnam since this year, and since 2020 there have been 6 different leaders change, Vietnam is weak… they can only go along with whoever can help them!
I dont think so
Don't worry. In Vietnam nobody can't change. And the political is system not belong any person
@@GiangHoang-hd8uk ask king Trong but he’s dying soon, maybe by this year…
@EternityReal bro hating?
@@tom4488 I love Vietnam, the food, weather, beer and girls, people in general are selfish shady and stupid 😂
ARE YOU NUTS?