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Full Version: Do you think WTO membership help or hurt Vietnam?
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tdk614
So far the consumer price index in Vietnam is rising rapidly, making things more expensive for people to buy. If this is not under control, Vietnam would have a major problem. While the GDP growth is 8% but the inflation rate is roughly the same, making any GDP gain effective nil.

One thing to note that WTO is designed to benefit more the rich countries than the poor countries. So far, Vietnam products could not penetrate the US market thanks to artificial protectionist barrier like textile monitoring. I read somewhere that Vietnam textile export to the US actually decreases this year over last year.

I hope Vietnam is smart enough to understand how to play this game on an unequal playing field.
SoCal
Let's take a look at the Foreign Direct Investment for Vietnam before WTO and after WTO.


Before WTO:

2006: $10 Billion



After WTO:

January to August 2007: $8.3 Billion

2007: Expect of $13 billion

2008: Expect of $13 to $15 billion


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QUOTE
* FDI forecast at US$13 billion this year
Vietnam has in the year to date licensed foreign direct investment (FDI) projects worth totally US$8.3 billion in pledged capital, and the figure for the whole year is estimated at US$13 billion, up 8.3% year-on-year, according to the Ministry of Planning and Investment. The ministry also forecasts the FDI amount will surge to US$14.5-15 billion next year.

http://www.saigontimes.com.vn/daily/BRIEFs...usiness%20brief


landsknechts
Car sales for the first 7 months of this year increase 92% from last year.
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