Vietnam Defense and News forum

[Viet]

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.

 

[Viet]

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