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Medium/long term Vietnam should be able to grow GDP per capita to ~10k USD or ~20k by PPP which is was point where ~70% households in PRC could afford adopting
by dirtyid 3y ago
Medium/long term Vietnam should be able to grow GDP per capita to ~10k USD or ~20k by PPP which is was point where ~70% households in PRC could afford adopting A/C. That's probably ~10 years away. Question is whether they choose to roll out indigenous renewables, which they have good potential for, or integrate with PRC influenced Laos hydropower which is geopolitically risky, or keep hammering coal to power demand.