‘Apple’s failure to choose Vietnam seems like a warning’ | News



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Lowest budget revenue in the last 10 years

The outbreak of the Covid-19 pandemic has turned everything upside down and no one has yet realized how deep or far the impact of the pandemic will be. However, up to this point, the Government of Vietnam has had a basic picture of the “year of Covid” 2020.

Another 8 goals were met and the plan was exceeded.

'Apple's not choosing Vietnam seems like a warning' - photo 1
'Apple's failure to choose Vietnam seems to be a warning' - photo 2

Growth targets in 2020

Agriculture affirms its role as a pillar of the economy in difficulty, annual growth is estimated at around 2.6% (higher than 2.01% in 2019). Industrial production faced many difficulties, but still achieved a growth rate of 2.5%.

Although export growth is well below the target (only 1% growth while the plan is 7%), the 8-month trade surplus is $ 13.5 billion. E-commerce prospered, sales increased by 25%, becoming an important distribution channel for the economy.

Attract many good foreign investment projects with a total of new and additionally registered capital, capital contribution, purchase of shares exceeding 20 billion dollars; Many supporting technology groups and industries are expected to invest in Vietnam in the near future.

Although the report is relatively optimistic, the experts contain much more thought.

Chairing the discussion, the chairman of the Economic Committee, Vu Hong Thanh, raised many questions, including a very specific story, “real money in grain”, which is the budget of income and expenses. There are some signs that this year’s revenue shortfall will be very difficult.

“In the first 8 months of the year, it was only 53.3% of the estimate, the lowest level in the last 10 years. Revenues from taxes and fees only reached 17.2% of GDP, quite low compared to the goal set by the National Assembly. 43/63 localities this year, internal revenue has not completed the estimate, will affect the investment money for the implementation of socio-economic tasks. Obviously, overspending will have to increase, direct debt service is likely to exceed 25% of total state budget revenue, according to the Finance Ministry report, ”said Mr. Thanh. Delegates discussed more about growth issues, about the “post-Covid-19” world.

The evaluation report is too common in a very unusual context.

In debating in this session, many delegates raised concerns about MPI reports too often in the context of an unprecedented anomalous world. The reports are very dense, up to hundreds of pages (because there are also term reports), but at least 3 delegates questioned the accuracy and content; and many more participants wondered about the “very short review report and lack of criteria.”

“In the reports, the writing context is very fluid, especially the international one. Compared to previous reports, the previous courses are the same, while this course has a very special context, ”said Vice Chairman of the Foreign Affairs Committee, Nguyen Manh Tien.

“This context should not be located in high or low growth, positive growth is good, but the number of positive growth is very small. How important it is to preserve business strength. That is the main player. If that force dies, next year and next year, we will suffer further losses. I think this stage of setting goals and reviewing goals in the usual way is not logically correct, ”said Mr. Tuan.

According to Mr. Tuan, in the next 5 years, we must definitely change in depth, our only way is to rely on science, technology and innovation.

However, investment in science and technology in Vietnam is very low, the goal is to reach 2% of GDP by 2020, but actually only 0.4% of GDP so far, much lower than Japan (3, 5 % of GDP), China (2.1% of GDP), Singapore (2.2% of GDP) …

“If we continue to invest like this, I affirm that we will definitely fall into the middle-income trap. The science and technology market is the best resource mobilization channel for science and technology, we will be underdeveloped. According to the Development Strategy of Science and Technology for the period 2011-2020, for this year, the number of researchers will reach 11-12 people / 10,000 people, we will only reach 7 people / 10,000 people, according to the Human Resources Strategy Less investment, no human resources warranty, poor market, where can we get growth based on science and technology and innovation? I seriously propose to fundamentally change investment for science and technology, “said Mr. Tuan.

Associate Professor: Dr. Bui Van Huyen, Director of the Institute of Economics, Ho Chi Minh National Academy of Politics, it is suggested to have reports on the data before and after the translation of Covid-19 so that they are clear so that there are no errors no guilt. both for Covid-19.

According to associate professor Dr. Bui Van Huyen, we say we have the highest positive growth rate compared to the top 5 economies in Southeast Asia. Not bad, but incomplete. Comparing the previous Covid-19, we have lost 5% of our growth, that is, compared to the world, we have not had great achievements, just before that we were growing high.

Mr Huyen said: “We shouldn’t be too optimistic about the private sector either. The goal of 1 million companies by 2020 will not be reached. In the remaining 700,000 companies, we are divided into the group of 500.” The company with the largest market capitalization in the stock market and the other group, found that the health of the other group was very weak, very vulnerable, and there were almost no advances in technology. Expectations. The 500 companies with the largest market capitalization in the market also don’t have many companies that grow from production, but many grow from real estate.

“Regarding the displacement of investment capital flows, the fact that Apple does not choose Vietnam is also a warning. It seems that we should not be too optimistic about the inflows of FDI into Vietnam. Not really …” He said Mr. Huyen.




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