Vietnam May Be the Next Asian Tiger

choi

(1) Vietnam's economy | The Other Asian Tiger; Vietnam's success merits a closer look. Economist, Aug 6, 2016
http://www.economist.com/news/le ... k-other-asian-tiger
("Vietnam is lucky to be sitting on China's doorstep as companies hunt for low-cost alternatives. * * * Trade now accounts for roughly 150% of GDP, more than any other country at its income level")

Note:
(a) "Vietnam, with a population of more than 90m, has notched up the world’s second-fastest growth rate per person since 1990, behind only China."

notch (vt): "SCORE, ACHIEVE —sometimes used with up"
http://www.merriam-webster.com/dictionary/notch

(b) "Jonathan Moreno's company was looking for a location for a new factory in 2009 to make its medical devices * * * his company, Diversatek"
(i) Leadership. Medovations, undated
www.medovations.com/leadership/
("Jonathan Moreno, General Director, Medovations Vietnam")
(ii) "Medovations, Inc a Diversatek Medical Device Technology Company"  
(iii) Bloomberg has a page for Diversatek: 1947- ; private; based in Germantown, Wisconsin (a Milwaukee suburb) )


(2) Paragraph 2 ("article") of the above points to

Asia's next tiger | Good Afternoon, Vietnam; Having attained middle-income status, Vietnam aims higher. Economist, Aug 6, 2016

Quote:

" The reservoir of rural workers should help dampen wage pressures, giving Vietnam time to build labour-intensive industries, a necessity for a nation of [90m] people.

"Vietnam's workforce is not just young but skilled. Public spending on education is about 6.3% of GDP, two percentage points more than the average for low- and middle-income countries. * * * In global rankings, 15-year-olds in Vietnam beat those in America and Britain in maths and science.

"In one crucial area it [Vietnam] compares poorly with China: getting the most out of the private sector. Private Chinese companies generate about 1.7 yuan of revenue per yuan of assets, more than double the 0.7 ratio for state-owned enterprises (SOEs). In Vietnam private-sector productivity has slumped over the past decade to the 0.7 level, the same as SOEs, says the World Bank. One reason is that large groups in Vietnam sprawl across 6.4 separate industries on average; those in China operate in just 2.3, according to the OECD. * * * supply chains [is almost nonexistent in Vietnam]

"Weakened public finances—the fiscal deficit is set to be more than 6% of GDP for the fifth straight year in 2016—are putting pressure on the government.

Note: There is no need to read the rest of (2).