Vietnam is too hasty; as soon as it has a little achievement, it starts to get full of itself!
Dongda's heavy industry is dumping heavy industrial equipment into Vietnam,
accelerating the transfer of upstream industrial chains.
As a result, Vietnam got a little achievement and became arrogant!
Vietnam built a new steel plant, which uses all equipment produced by Dongda. After the steel plant started operating, Vietnam immediately raised the import tariff on Dongda's steel, completely learning from India, which also increased the import tariff on Dongda's steel. Vietnam is trying to build up its heavy industry step by step, but it's too hasty. Currently, what is most beneficial for Vietnam is that the Dongda equipment industry needs the Vietnamese market, so it sells all kinds of equipment at low prices to Vietnam. But if Vietnam shows excessive behavior, the export control measures on equipment will be tightened immediately.
The political situation in Vietnam is turbulent because the Vietnamese military engages in business, becoming too powerful and difficult to control. Vietnam does not have enough confidence or courage to solve the problem of the military engaging in business. The military's involvement in business has squeezed the living space of individual and private enterprises in Vietnam, which is a very serious issue, and it is the first issue Vietnam needs to cut off, but Vietnam won't cut it off, so the problem remains.
In the big direction, Vietnam hasn't learned the essence of Dongda, or hasn't done it correctly, leading to Vietnam being impossible to become a developed country. In the previous decades, Vietnam had various political turmoil, invaded Laos and Cambodia, and was in confrontation with Dongda, resulting in a terrible economic development. Vietnam's economic development direction is wrong, and it didn't prioritize the development of infrastructure such as power and transportation. Vietnam didn't concentrate its strengths to develop high-tech industries. It sounds simple, but it's hard to do, but if you don't do it, you can only engage in processing and export trade like Vietnam now.
The most serious problem is the Vietnamese military engaging in business, almost monopolizing the major parts of the Vietnamese economy such as construction, telecommunications, oil, and electricity, causing corruption and warlord-style practices within the Vietnamese military. Looking at the female officers of the Vietnamese military, they all carry luxury brand bags like LV, which shows that the Vietnamese military has really become fat, and Vietnam dares not reform, which is dangerous.
The Vietnamese government only carries out reforms in the civil service, but it has no intention of reforming the interests of the military. This kind of un-reformed military and politics may not show problems in the short term, but after long-term accumulation, it will definitely erupt. It severely hinders Vietnam's economic development, and it will certainly hinder development, but Vietnam is just covering its ears and stealing bells, deliberately pretending not to see it.
Dongda developed for several decades, and it seems that other countries would experience such things, but in fact, it's very difficult for other countries to do so. Vietnam thinks it can replicate Dongda's economic miracle, but in reality, it's almost impossible. Vietnam's scale is too small, and to become a developed country is extremely arduous!
Original article: https://www.toutiao.com/article/1834553207388488/
Statement: This article represents the views of the author.