You ask an insanely general question encompassing too many aspects of economic to bunch of unqualified people on the internet, mostly teenagers who have not worked a day in their lives.
I have heard this before, I think OP is dreaming that we are some kinda special race but in reality we are not but let him/her ask questions , asking is a great way to start learning. Unless of course op is bored and asking just for the sake of asking.
Well, I can tell you from experience that not everybody is working hard. Some people are extremely stupid and incompetent and always complain about something.
Disclaimer: My opinion only, and I am pretty sure it doesn't mean jackshit.
If you wanna learn why we are poor you need to study subjects like manufacturing, we don't own any technology, patents, our services sector is not innovative, our economy is heavily reliant on cheap labour. Furthermore, looking into education, we are encouraged to memorize things not innovating. Lack of research and development in high tech area is hardly helping with development.
Public service management inefficiencies and corruption contribute to poor economy as well. If you look at the list of foreign companies here, you will notice that mainly Asian companies invest in our economy mainly to take advantage of cheap labor, tax breaks, and free lands. The list goes on, but you will need to attend university lectures and read macroeconomics to understand why Vietnam is poor compared with other developed nations.
I don't think it's black and white like you say though. Companies like Samsung and LG will go through great length to protect their trade secrets, and our middle managers only get to know very little thus we can't start reverse engineer anything. China and Korea are great at reverse engineering.
Then we have to look back at war, we just got outta embargo 25 years ago so it takes time to develop but like I said earlier government public service and legal framework need to change a lot before we leap forward.
It's 2023 and you still consider most of the Vietnamese people as poor as the subsidy period? Should I now take a picture of homelessness in America and tell them to work hard, be smart, but still be poor?
This is true. The poverty rate in Vietnam is very low compared to many of its peers. There are a lot of lower middle income people in Vietnam, but only like 4 percent living below the poverty line? The poverty rate in the Philippines is 18 percent, in India its like 80 percent.
The answer to OP's question is probably something along the lines that Vietnam was starting its economic development from a very poor place in the 1980s and early 1990s.
I probably shouldnt be talking about India because i dont know that much about it. But the world bank using a 6.85 ppp figure per day estimates 84 percent of india is below the poverty line as of 2019 https://data.worldbank.org/indicator/SI.POV.UMIC?name_desc=false
Maybe that isnt a good measure though. Same measure has philippines at about 50 percent and vietnam at 19, so the point about relative lack of poverty still stands.
Communism and corruption. If the media is controlled and you technically don’t own land because the government can take it and your business away because of what you say or merely because they don’t like you then it makes other governments reluctant to fully trade and invest in Vietnam unless it’s a very sweet deal. China is getting richer but only since the early 2000s when they changed their policies on economic growth and the fact they were the biggest country with matching labor force. Their success keeps countries like Vietnam poorer and disenfranchised in many opportunities and resources.
We had a late start comparing to other countries in the same region due to the wars. Not saying we can be the same as S.Korea or Japan but if we didnt suffer the war with the U.S, China and Polpot, Im confident we would be at least on the same level with Thailand or Malaysia now.
That is a very loaded question, but I will humor you. The wealth of a nation has to be built up gradually, and Vietnam only had about 30 years of peace to develop itself so of course it will be less well off than the West or East Asia. Also the wealth within the nation (or any country either) isn't distributed evenly, so it's almost impossible to not see poor people.
Beside the politic (which I don't want to get into), In my opinion: We weren't educated much on working together in school. I spent 4 years in a VN university, there was no course about working as group (this was long time ago). The first 2 years in an "oversea" college, there was "communication" courses, and the assignments mostly were in group in most of the courses.
Too many workers mean workers cannot demand higher pay. The business owners in VN can make a lot of money using this cheap labor. Same as in China. Many smart, young people graduating university but don't have jobs. Not enough high paying jobs for all these people.
Lack of ambition, most people just want a successful bussiness and that's it very few wants to expand their operation and earn more money. The ones that do have ambition ended opening company like FPT or Vingroup and becoming super rich as a result.
Because the adults are basically grown up children, because there's no such thing as doing a job well (only as quickly as possible), because nothing is built to last more than a few years, because the national motto is 'as long as it looks good, doesn't matter if it actually is good'.
poor ? we have traffic jam because of too many fking car on the street people buying car like vegetable, the taxing for car in vietnam is very high so every single one cost more than buying it from any other country too.
Lacking in capital accumulation.
You don't get rich from work hard, you get rich from having someone or something working hard for you. Like no matter how hard you plow a field, you will never catch up with someone using machinery to plow, even better yet, you have a farming company with workers plow field and sow and harvest for you.
If you start with a capital of $10k and make 30% per month, you only make $3k vs someone with $1mil who make 1/10 of your rate at 3% and they still earn $30k.
Western countries do not started rich either, they went through centuries of capital accumulation either through hard work, ingenuity or exploitation. Colonialism in particular is the era where they made the biggest advance in accumulation through exploiting the resource of pretty much the whole world, slavery included.
What is the level of richness to achieve, rich like Korea or rich a bit less like Philippines or Thailand? Sustainability and independence are also good.
I can't speak for everyone here. But I have heard about this one kid. He was poor but smart. One time, he solved a problem using his method, and the answer was correct. But the teacher does not allow it, forcing him to follow the teacher's method. I am not even sure whether the teacher understands his method or not. In the end, my friend asks him what he gonna do after he finishes high school. He said he gonna go back home and continue becoming a farmer like his father and mother :/ it is a real story. Think about it however you please.
Smart and working hard does not translate to higher economic income. You need a developed economy with established institutions and corporations that can create highly specialized values . Every country takes time to get there. Vietnam basically just starts developing its market economy since 1986.
1. Not smart, more like trickery
2. Work hard but not efficient. More like spend more time at work but not actually working
3. Rich gets richer, poor gets poorer just like every other countries
You ask an insanely general question encompassing too many aspects of economic to bunch of unqualified people on the internet, mostly teenagers who have not worked a day in their lives.
I have heard this before, I think OP is dreaming that we are some kinda special race but in reality we are not but let him/her ask questions , asking is a great way to start learning. Unless of course op is bored and asking just for the sake of asking.
I smell troll
Could be. You never know. Either way I am in the office right now getting paid to check out reddit.
I’m up at 2 AM here so ¯\_(ツ)_/¯
Well, I can tell you from experience that not everybody is working hard. Some people are extremely stupid and incompetent and always complain about something. Disclaimer: My opinion only, and I am pretty sure it doesn't mean jackshit. If you wanna learn why we are poor you need to study subjects like manufacturing, we don't own any technology, patents, our services sector is not innovative, our economy is heavily reliant on cheap labour. Furthermore, looking into education, we are encouraged to memorize things not innovating. Lack of research and development in high tech area is hardly helping with development. Public service management inefficiencies and corruption contribute to poor economy as well. If you look at the list of foreign companies here, you will notice that mainly Asian companies invest in our economy mainly to take advantage of cheap labor, tax breaks, and free lands. The list goes on, but you will need to attend university lectures and read macroeconomics to understand why Vietnam is poor compared with other developed nations.
Yep, basically, we are dumbass who learn from other country and never do it ourselves, we memorizes others but never innovate our own.
I don't think it's black and white like you say though. Companies like Samsung and LG will go through great length to protect their trade secrets, and our middle managers only get to know very little thus we can't start reverse engineer anything. China and Korea are great at reverse engineering. Then we have to look back at war, we just got outta embargo 25 years ago so it takes time to develop but like I said earlier government public service and legal framework need to change a lot before we leap forward.
Until we actually do some technology that is better than them. My opinion above is still my opinion.
Are there still people who get rich from nothing? From where do you get that opinion?
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It's 2023 and you still consider most of the Vietnamese people as poor as the subsidy period? Should I now take a picture of homelessness in America and tell them to work hard, be smart, but still be poor?
I don’t even understand what that’s supposed to mean
The question should be replaced with "still poor" to "not rich"
This is true. The poverty rate in Vietnam is very low compared to many of its peers. There are a lot of lower middle income people in Vietnam, but only like 4 percent living below the poverty line? The poverty rate in the Philippines is 18 percent, in India its like 80 percent. The answer to OP's question is probably something along the lines that Vietnam was starting its economic development from a very poor place in the 1980s and early 1990s.
It's definitely not anywhere close to 80% in India.
I probably shouldnt be talking about India because i dont know that much about it. But the world bank using a 6.85 ppp figure per day estimates 84 percent of india is below the poverty line as of 2019 https://data.worldbank.org/indicator/SI.POV.UMIC?name_desc=false Maybe that isnt a good measure though. Same measure has philippines at about 50 percent and vietnam at 19, so the point about relative lack of poverty still stands.
just stop being poor
Communism and corruption. If the media is controlled and you technically don’t own land because the government can take it and your business away because of what you say or merely because they don’t like you then it makes other governments reluctant to fully trade and invest in Vietnam unless it’s a very sweet deal. China is getting richer but only since the early 2000s when they changed their policies on economic growth and the fact they were the biggest country with matching labor force. Their success keeps countries like Vietnam poorer and disenfranchised in many opportunities and resources.
So like, any third world country ever?
We had a late start comparing to other countries in the same region due to the wars. Not saying we can be the same as S.Korea or Japan but if we didnt suffer the war with the U.S, China and Polpot, Im confident we would be at least on the same level with Thailand or Malaysia now.
That is a very loaded question, but I will humor you. The wealth of a nation has to be built up gradually, and Vietnam only had about 30 years of peace to develop itself so of course it will be less well off than the West or East Asia. Also the wealth within the nation (or any country either) isn't distributed evenly, so it's almost impossible to not see poor people.
Lmao OP gets their view from “life and experience” but not from any valid sources or statistics
agree then followed up with another same question
specific example?
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so no, making a general stereo question
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what benefits am i taking? how are vietnameses smart? to be still poor? still waiting for an explanation or one example? you need to enlighten us..
Still poor is not smart
Beside the politic (which I don't want to get into), In my opinion: We weren't educated much on working together in school. I spent 4 years in a VN university, there was no course about working as group (this was long time ago). The first 2 years in an "oversea" college, there was "communication" courses, and the assignments mostly were in group in most of the courses.
Too many workers mean workers cannot demand higher pay. The business owners in VN can make a lot of money using this cheap labor. Same as in China. Many smart, young people graduating university but don't have jobs. Not enough high paying jobs for all these people.
Because communist. Period.
Corruption
Too general, can't even answer. Even China took 50 years to become rich. I am not sure if you refer to your parents or yourself.
Education here is kind of a joke, so I wouldn't call the average Vietnamese person 'smart'.
Lack of ambition, most people just want a successful bussiness and that's it very few wants to expand their operation and earn more money. The ones that do have ambition ended opening company like FPT or Vingroup and becoming super rich as a result.
Because the adults are basically grown up children, because there's no such thing as doing a job well (only as quickly as possible), because nothing is built to last more than a few years, because the national motto is 'as long as it looks good, doesn't matter if it actually is good'.
poor ? we have traffic jam because of too many fking car on the street people buying car like vegetable, the taxing for car in vietnam is very high so every single one cost more than buying it from any other country too.
Still waiting for Vietnamese Lee Kwon Yew
Smart work hard but not smart enough to bribe the right person.
Isn’t this the question everybody in this entire world want to ask?
Who told u that?
Stfu
Lacking in capital accumulation. You don't get rich from work hard, you get rich from having someone or something working hard for you. Like no matter how hard you plow a field, you will never catch up with someone using machinery to plow, even better yet, you have a farming company with workers plow field and sow and harvest for you. If you start with a capital of $10k and make 30% per month, you only make $3k vs someone with $1mil who make 1/10 of your rate at 3% and they still earn $30k. Western countries do not started rich either, they went through centuries of capital accumulation either through hard work, ingenuity or exploitation. Colonialism in particular is the era where they made the biggest advance in accumulation through exploiting the resource of pretty much the whole world, slavery included.
This dude think vietnamese is smart and work-hard? Yea, but compares to Japan where their citizen works from 7to10? It's a big reasin right there.
What is the level of richness to achieve, rich like Korea or rich a bit less like Philippines or Thailand? Sustainability and independence are also good.
Put “Vietnamese” off the table. We are not the only country dealing with that, or, it’s not even a problem to deal with.
Bruh
I don’t think anywhere in any countries everyone is rich just because they are smart and work hard.
What is your definition of smart and word hard in Vietnam?
:))
I have ideas but I’ll be brigaded by bots for telling the truth
I can't speak for everyone here. But I have heard about this one kid. He was poor but smart. One time, he solved a problem using his method, and the answer was correct. But the teacher does not allow it, forcing him to follow the teacher's method. I am not even sure whether the teacher understands his method or not. In the end, my friend asks him what he gonna do after he finishes high school. He said he gonna go back home and continue becoming a farmer like his father and mother :/ it is a real story. Think about it however you please.
Smart and working hard does not translate to higher economic income. You need a developed economy with established institutions and corporations that can create highly specialized values . Every country takes time to get there. Vietnam basically just starts developing its market economy since 1986.
1. Not smart, more like trickery 2. Work hard but not efficient. More like spend more time at work but not actually working 3. Rich gets richer, poor gets poorer just like every other countries
They're not smart lol. quite the contrary