Vietnam considers S'pore a good model for development
By Ca-Mie De Souza, Channel NewsAsia | Posted: 12 December 2007 2115 hrs


HUE, Vietnam: Senior Minister Goh Chok Tong has likened the process of Vietnam's economic development to a marathon race and said the country's run could go uphill in the coming years.


http://www.channelnewsasia.com/stories/sin.../317043/1/.html

I wonder what overseas Vietnamese in America think of this... ?

^ As an overseas Vietnamese... Damn, I wish we could be like the current Singapore right now--heck in 20 years even. But Singpore is an island nation, so I'm not sure how Vietnam which is close to the size of California but with ~83 million people, can closely follow Singapore's path.

Vietnam does have a lot of natural resources: Coal, Aluminum, rice, fish...

I guess they want to model the 'socialist' capitalist model that SG leaders have done for their economic development. We have a capitalistic economic system that sees alot of intervention by the government. In fact, the SG elites probably own the entire corporate balance sheets!!!

Bac Ninh province houses third Viet Nam-Singapore Industrial Park

VNECONOMY updated: 12/12/2007


http://www.vneconomy.com.vn/eng/?param=art...=28ecaf242087c0

The ground-breaking ceremony was attended by Deputy Prime Minister Hoang Trung Hai and Singaporean Senior Minister Goh Chok Tong, who is on a visit to Viet Nam, among other guests.

VSIP (Vietnam Singapore Industrial Park)


Location:

1st VSIP: HCM City

2nd VSIP: Binh Duong

3rd VSIP: Bac Ninh

4th VSIP: Hai Phong

"SSI aims to be the first Vietnamese company to list in Singapore in 2008," SSI Chairman Nguyen Duy Hung was quoted as saying by the Lao Dong (Labour) newspaper.

http://www.reuters.com/article/rbssFinanci...AN9960920071217

It would be very hard to replicate Singapore's model for Vietnam because Singapore is after all, much smaller--a city-state. Singapore being located right in the midst of the Malacca Strait where roughly 1/4 of the world trade flows through has it much easier than Vietnam. But nevertheless, I think Singapore is a good political model for VN, but not a economic one.

Deng XiaoPing said the same 30 yrs ago

It's the way Singapore government handling the country that should be emulated, no matter how large the country is. Because actually the larger the country, the more resources it has

I think at the rate Vietnam is progressing right now, it would become like Korea or Taiwan in the next few decades.

As a overseas Vietnamese in America, I could give a $hit

Chunghwa Telecom May Buy Stake in Vietnam Carrier as Sales Slow

By Tim Culpan

Jan. 11 (Bloomberg) -- Chunghwa Telecom Co., Taiwan's largest telephone company, is in talks to buy a stake in a Vietnamese carrier as sales stagnate in its home market.

``We hope we will have something in the first half,'' Chairman Ho-chen Tan said in an interview in Taipei on Jan. 7, declining to name the target company. ``It's still in the negotiation process.''

Expanding into Vietnam, Southeast Asia's fastest growing economy, may help Ho-chen spur growth after Chunghwa's sales in the last four years failed to exceed 2 percent in a market where phone subscriptions exceed the island's 22.9 million population. Japan's NTT DoCoMo Inc. and Singapore Telecommunications Ltd. have also said they're interested in investing in Vietnam.

http://www.bloomberg.com/apps/news?pid=206...&refer=asia