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Few countries are better placed than Vietnam to get rich
- latchkey 3y agoOne thing people don't realize about Vietnam is that there is a TON of wealth there. On the outside it looks really poor and run down, but that is because people either don't know how to spend their money or they don't have anything to buy. For example, it wasn't until recently that Apple even opened an official store there. A country coming out of extreme war and poverty never developed a culture to be showy. The most people can do is spend a ton of money to import products by paying heavy customs fees. So, they've spent the last 30+ years saving money. As you can imagine, people are sitting on tons of it.
- smt88 3y agoI can't find any evidence that what you said is true. Vietnam ranks pretty low for both mean and median wealth-per-adult[1]. 1. https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
- latchkey 3y agoNone of this will show up in public numbers. We're talking about people with beds full of money. Go there, travel around, you'll become more aware of it.
- jqpabc123 3y agoEven if what you say is true, it points to economic dysfunction and policy failure. Stuffing mattresses with money is not a productive use for it. It's not being utilized for economic growth, development and expansion that could benefit the country as a whole.
- latchkey 3y agoI am definitely not arguing against that!
- mitchbob 3y agoOur World in Data has graphed scores for countries on the UN's Human Development Index against their CO2 emissions per capita. [1] Vietnam is remarkable in having a respectable HDI score with CO2 emissions among the lowest. If we want to create a sustainable future, there are lessons we can learn from Vietnam. [1] https://ourworldindata.org/grapher/per-capita-co-emissions-vs-human-development-index https://ourworldindata.org/grapher/per-capita-co-emissions-v...
- mitchbob 3y agohttps://archive.ph/2024.01.23-211358/https://www.economist.com/asia/2024/01/23/few-countries-are-better-placed-than-vietnam-to-get-rich https://archive.ph/2024.01.23-211358/https://www.economist.c...