Not a bad article by Larry Magid, who writes about consumer technology for the WSJ. It was the result of a recent and very brief visit to Ha Noi, after participating in a trade show in Shenzhen, China. Most foreign reporters have an ax to grind and often cherry pick answers that are consistent with their preconceived notions of Viet Nam and what it’s like, or should be like. It’s true – Magid he did tell his US readers some of what they want to hear but his report was a good update for those, i.e,. the majority of WSJ readers and US Americans in general, who know little to nothing about Viet Nam. (One minor criticism is that he used some old data.)
Knowing that all countries are both positive and negative role models, my sincere hope is that Viet Nam shifts its focus to sustainable development and does not follow the US model of capitalism. The US has 4.4% of the world’s population and consumes 1/3 of its resources. The “American Dream,” such as it is, has been paid for on credit in recent decades, sadly, which explains record mortgage, credit card and student loan debt.