MH.Yang
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- Dec 24, 2023
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That's because Vietnam has far better agricultural arable land than South Korea and Japan. It is your advantage, it gets you through the capital accumulation stage faster, so why do you see it as a disadvantage?Agricultural exports currently comprise 12 to 15% of Vietnam’s total exports. To put this into perspective, when South Korea and Japan were at a similar stage of development, their agricultural exports accounted for only around 6 to 7%. And when I mention shifting away from "agriculture", I'm not suggesting that we should eliminate it entirely. At present, Vietnam's agriculture industry is largely dependent on manual labor and rudimentary production methods. While increasing revenue is certainly desirable, it shouldn't come at the cost of wasting resources. As for the Chinese assistance, what I meant in my previous post was the indirect impact of constructing the canal.
Do you envy Korean and Japanese agriculture? Koreans and Japanese are envying you Vietnamese. I suggest you find out the per capita fruit consumption in Korea and Japan and compare it with Vietnam.
Vietnamese have the same social base of Confucian values as China Japan and Korea, you are more like an East Asian country. You will definitely follow the same path of industrialization.