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Author Topic: Western companies complained Viet commies sleeping on the job  (Read 160 times)

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Western companies complained Viet commies sleeping on the job
« on: September 18, 2019, 03:11:40 PM »
Thousands of companies throw money at Viet commies to build decent roads and factories to replace China yet these Viet commies haven't done shyt.  Like I said, put the Vinfast guy in charge as he knows how to get things done.  He's the most capable commie Vietnam has ever seen.  I rank him even higher than the bagel baker Ho Chi Minh.

https://www.business-standard.com/article/international/as-companies-struggle-to-get-going-is-vietnam-throwing-away-trade-war-win-119091800162_1.html

But Vietnam is starting to see expectations outrun reality. More and more businesses are complaining about congested ports and roads, rocketing costs for land and labor, and regulations that aren’t being loosened fast enough. Tapestry Inc, owner of the Coach and Kate Spade brands, has lamented insufficient infrastructure investment that’s left some containers stalled on the waters. Eclat Textile Co, a supplier to Nike Inc, says it needs to diversify beyond Vietnam, including to cheaper locations.

If Vietnam isn’t able to fast-track progress in closing its infrastructure gap, it risks losing its “mini-China” status that has drawn so many of Bain & Co.’s toy-supplier clients there since 2015, said Gerry Mattios, Bain’s Singapore-based vice president. Costs could outweigh the benefits, sending producers to the likes of Sri Lanka or Cambodia, he said.

For now, the money keeps rolling in. Total disbursed foreign direct investment rose 6.3% to $12 billion in the first eight months of the year from the same period in 2018, according to government figures, with the number of new registered projects surging 25 per cent to 2,406.


Here’s what’s at stake across capacity categories as Vietnam tries to lock in those trade-war wins:

Offline gaden

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Re: Western companies complained Viet commies sleeping on the job
« Reply #1 on: September 18, 2019, 04:56:00 PM »
Get China to build the infrastructure in their one belt road special.  Then default on the payments and offer to build pho restaurants in China.

Offline Rude Boy

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Re: Western companies complained Viet commies sleeping on the job
« Reply #2 on: September 18, 2019, 09:58:32 PM »
Get China to build the infrastructure in their one belt road special.  Then default on the payments and offer to build pho restaurants in China.
Isn't the North - South highway a part of that scheme?

Offline gaden

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Re: Western companies complained Viet commies sleeping on the job
« Reply #3 on: September 20, 2019, 04:13:09 PM »
Isn't the North - South highway a part of that scheme?


he North-South highway has been discussed for centuries.  Costs have skyrocketed to $33 billion.  So now is a good chance to build it quick and run, with the one belt road special if it is on the plan.

But VN needs ports and roads and logistics damnn it.

 
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