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The majority of Viet Nam's trade surplus with the U.S are not from Vietnamese firms, not even close, they even make it impossible for our Vinamilk brand to penetrate their market. Most of those trade surpluses are from FDI enterprises from S. Korea, Japan, Taiwan and the U.S importing components from their China bases or their own countries and assemble the final products in Viet Nam and send the final products back to the U.S market for consumption. You can read the official trade statistics from the Ministry of Trade and Commerce on this.
That’s not a problem at all because that will disappear overtime.
Take the case of China, foreign enterprises account for 30 percent of China’s exports, down from 60 percent decades ago. In the case of Vietnam foreign enterprises account 70 percent. Given the projections foreign companies will reduce their share to 35 percent in 20 years.
Most importantly the money flows thru Vietnamese banks. We earn percentage of foreign currencies dollars, euros, yen, sterling.
 
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Friends, are there any high-quality forums or channels about ASEAN military affairs?
 
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Construction update
HSR north section Hanoi-Ha Long
Vietnam probably the only country in ASEAN capable to build highspeed rail.

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Imagines taken from gov website
Siemens HSR
giant stop terminals
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Viettel marketing video
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Make domestic save money

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ASEAN/Russia summit in Kazan
Interesting, while other ASEAN leaders are keen to meet Putin for photo, Vietnam gov chief pays more attention to local gov. It seems the Vietnamese are tired of Putin’s daily cheap propaganda.
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That's rich coming from you guys. The ukraine russian war is the most up to date modern war and every new and old equipment is being thrown into the battlefields so your assertion what we have are just meaningless is also ...meaningless considering many of the stuff we field you also field such as...surveillance UAVs, armed drones, suicide drones, USV, MANPADS, Atgm, IFV, MBT, artillery, SPH, LACM, air-ship-shore-submarine launch AshCM from subsonic to supersonic speed, ballistic missiles, SAM, MLRS. Since we don't know how the future will hold for the conflict in the SCS, we have to prepare for a military conflict with you guys because at least for the American, they do not occupy our territories (Paracels and Spratly islands).
just passing by, ok.
 
"modern warfare", you mean trench warfare and fpv, DJI from Shenzheng.
What „modern“ means for you? When did Russia win a war? When the US? When China?
 
What „modern“ means for you? When did Russia win a war? When the US? When China?
to beign with, none of the current VAF fighter jet is up to date, all would drop like flies even meeting with J-10C, J-11BG, there is zero AEW&C in VAF service, zero ISTAR aircraft, zero EW aircraft/jet, the list goes on forever.

You may not like it but it is just true.
 

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