China Law Blog goes to Vietnam
By SwizStick • Sep 26th, 2006 • Category: Misc Logistics, QuickNews
….and titles his post “Vietnam – Tastes like China Liteâ€.
My sense — both from my own dealings with Vietnam and from my conversations over the years and on this trip with people there or doing extensive business there — is that it is about where China was maybe 10 or 15 years ago. Some of the Western or westernized businesspeople and lawyers there told me this and even gave examples. The Vietnamese English language press would sometimes hint at this and, at other times, pretty much flat out admit it. There is no doubt that Vietnam looks to China in determining how to chart its own economic miracle with Communist characteristics.
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Vietnam, however, is indisputably a rising center for manufacturing and agriculture and it is in these two areas that I see it growing fast over the next few years. Low end manufacturing costs are rising in China and I can see more of that business moving to Vietnam.Vietnam is also seeking to position itself as a software center and my conversations with those involved in this industry in Vietnam make me think this may eventually be realized.
Emphasis mine.
I highly recommend his very interesting post on his brief stay in Vietnam and his quick takes on life there. He also posts a detailed list of recommended reading material on the economic/business climate in Vietnam.
Stumble it!
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