A REAL WARNING TO UMNO PAS – EVERYONE INCLUDING MALAYS WANT TO LIVE IN THE MODERN WORLD, FOR HOW LONG CAN ‘MALAY SUPREMACY’ LAST? VIETNAM THE BUDDING TIGER HAS A FREE MARKET, 100 MILLION CONSUMERS & POTENTIAL ENTREPRENEURS

Here is a quick video about Vietnam today. It is an eye popper.

The population of Vietnam is actually over 100 million. 25 years ago I used to give talks to young Vietnamese bankers. They were new to the idea of commercial and corporate banking. Well not anymore. 


I visited Vietnam a few years back. Ho Chi Minh city is exactly like what you see in this video. 


More than the high performing education system, the economic liberalisation and the openness of the entire country what I see is that the 100 million Vietnamese, especially the young, just want to be a modern people. Not just modern in their IT, their gadgetry and technical wizardry but to be socially modern human beings.


For example they have learned to value cleanliness and hygiene. Their cities and streets are clean. 



Link :  https://youtu.be/HMT3NHD8x1k

 

 

ecosystem in Vietnam
festive-like energy reverberating throughout local startup scene
country experiencing level of economic prosperity never seen before
generation of eager entrepreneurs laser-focused on tapping limitless possibilities 

The macros

 
Vietnam’s economic miracle
30 years ago one of poorest in the world
GDP per capita US$100, 70% of population living in poverty

reforms introduced in 1986 
liberalization, privatization, diversification of economy
 
Vietnam today middle-income country
accelerating market driven by large, increasingly wealthy middle class
 
2000 – 2015, Vietnam exhibited GDP growth 6.9%, 7.08% in 2018
among fastest-growing economies in the world
 
95.5m people, 3rd largest population in Southeast Asia
disposable income never been higher2019 Vietnam 3rd-most funded country in SEA after Singapore and Indonesia
internet economy expanded 38% annually since 2015 
set to reach US$12b or 5% of GDP in 2019

The tech talent

 
Vietnam’s heavy investment in science, technology, engineering, math over 15 years
improved internet connectivity spawned thriving IT outsourcing industry
 
Vietnam now home to 30,000 IT companies
churning out 80,000 IT graduates a year from its universities
usurped China as Japan’s 2nd-largest software outsourcing partner behind India
houses substantial research bases from IBM, Intel, Oracle, Samsung, Grab
 
country producing legion of skilled IT developers 

Vietnam’s education in math, science evolved tremendously two decades
 
Vietnamese students outperform majority of regional peers
surpassing student performance in several Western countries (UK, US)
 
Vietnam’s massive talent pool unique comparative advantage 
 
locals who lived overseas return home to work or start own businesses
returnees primary driver of value creation for developing markets

4 million Vietnamese living overseas
130,000 studying abroad every year
Ho Chi Minh receives 30,000 young Vietnamese returning from overseas annually homegrown champions holding their own against foreign entrants
Tiki.vn for ecommerce, Momo for e-wallet, Zalo, Be, FastGo Techfest an annual event draws 5,500 attendees, 250 investors, 600 startups

– https://syedsoutsidethebox.blogspot.com/

.