This essay is from a website called TheVietnamese with the tagline Independent Journalism Matter. What it describes is yet another example of development in Viet Nam that is far from sustainable and of ecocide, defined as the destruction of the natural environment by deliberate or negligent human action. Who will benefit? That's easy. The company … Continue reading Vietnam: Fewer Natural Forests, Increasingly More Golf Courses
This is the first in a trilogy of posts about a well-known company that many people have strong feelings at both ends of the spectrum. On a personal note, I do not have an ax to grind vis-à-vis Vingroup. I like some of their initiatives and products, including VinUniversity and electric motorbikes, cars, and buses. … Continue reading Vingroup Launches “the Region’s Leading ‘Sleepless City’ Model”
Beauty is in the Eye of the Beholder Image from NovaWorld Phan Thiết Have a good look at this image of a new $5 billion development in the beach town of Phan Thiết in southern Viet Nam, about a four-hour drive from HCMC, that's being built by a well-known Vietnamese real estate company. Does it … Continue reading Short-Term Profit Trumps Long-Term Sustainable Development
The country is making autocratic capitalism work unusually well. Hang Ma Street in Hanoi, last month. Linh Pham/Getty Images This 13.10.20 New York Times op-ed by Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management, is a decent analysis for someone who is probably writing about Viet Nam from his perch in New … Continue reading Is Vietnam the Next ‘Asian Miracle’?
Walking around in Ha Noi, Viet Nam’s capital, you can feel boundless energy everywhere. People whiz by on scooters, buy and sell everything from phones to food in the countless small shops, and run to and fro to get to school or work. Viet Nam is young, growing, and anything feels possible. It wasn’t always … Continue reading “The story of Viet Nam’s economic miracle”
Vietnam ranks fifth in the Happy Planet Index results, and second in the Asia Pacific region. This Southeast Asian country, characterised by its mountains and tropical forests, has a strikingly low Ecological Footprint and economic output per head almost 24 times smaller than nearby Hong Kong. Vietnam is one of just three countries in the … Continue reading Happy Planet Index: Viet Nam Ranks 5th Overall & 2nd in Asia Pacific
For reformers, the country’s economic and political rise could be just about to start. Good piece by Anthony Fensom about a joint report, New Report Lays Out Path for Vietnam to Reach Upper-Middle-Income Status in 20 Years, released on 23 February 2016 by the Vietnamese government and the World Bank, that suggests Vietnam could achieve upper-middle … Continue reading Good Morning Future Wealth, Vietnam