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Companies are switching China for Vietnam, India, Indonesia. One of the reasons is fear of this sort of thing. Makes me wonder if the same problems will pop u
by andrewstuart 3y ago
Companies are switching China for Vietnam, India, Indonesia.
One of the reasons is fear of this sort of thing.
Makes me wonder if the same problems will pop up in the new destinations.
- pyth0 3y agoThey could also avoid this sort of thing by not doing fraud.
- bastawhiz 3y ago> One of the reasons is fear of this sort of thing. Good? If you're planning to embezzle tens of billions of dollars, you probably should be scared of consequences.
- alephnerd 3y agoThese are the standard kinds of problems that happen in every developing country. So long as it's out in the open it's not a big deal. Most Western commentators had a decent view of what's going on in China because there is a lot of business reporting there. In Vietnam's case, most foreign business reporting I've seen is in Korean, Japanese, and Mandarin, as SK, Japan, Taiwan, and PRC are the biggest FDI sources in VN. For Korean and Taiwanese investors, this isn't a big deal, as most dealt with similar stuff in 1970s-2000s Korea and Taiwan, as did Japanese who invested heavily in Korea, Taiwan, and PRC. Western investors on the other hand, will be much more skittish, and won't invest until the regional investors from the countries mentioned above are more established in VN.