Is Vietnam the next CHINA? 🇨🇳 

As a Chinese, I sincerely wish Vietnam to get better and better, no country should become the next another country, Vietnam is Vietnam.

There's one thing you don't seem to understand. We Vietnamese are not on the side of the US or any other side against a third country. Vietnam we are self-reliant, self-sufficient, always fighting for the right, and the interests of the nation!!! But we also thank the US and other countries that are and will cooperate with Vietnam in all fields in the future. thank you !

Vietnam doesn't need to become the WHOLE of China. It only needs to replicate the success of Guangdong in the Mekong Delta, with HCMC being the equivalent of Shenzhen.

The only alternate of China is other parts of China (Central and Western China). Vietnam doesn’t have all raw materials needed to be a manuf giant. It relies on all semi knocked down parts sent from China to Vietnam, gets assembled and ships with Made in Vietnam sticker. Making show and Tshirts are good but can’t make economy so sound. Vietnam definitely has done well but No one can beat China in almost 90% of the products. Atleast for the next 40-50 years.

Almost all clothes and shoes manufacturers have left China long ago. But if you look deeper, a lot of the materials still come from china and many factories in Vietnam are owned by the same click as in China.

I was born in Vietnam, though I am a citizen of the USA. It depends upon what you mean by that slippery term 'Next China.' Will it be a threat and major economic player on the world stage? No. It's too tiny. And that would be expecting a flyweight to duke it out among heavyweight contenders. But its position has been secured by being a niche player in manufacturing. And it will continue to move in that direction. I'm just glad that Vietnam did not put all its prospects into tourism, like neighboring Thailand. And it's really trying to power forward in the direction of countries like Korea or Singapore.

A lot of the factories in Vietnam are Chinese owned. It’s an easy way to circumvent tariffs and lower costs.

With strong economic growth, Vietnam is believed to be one of the fastest growing countries in the world. Vietnam has become one of the biggest producers of rice, coffee and pepper in the world. Vietnam continues to flourish standing firm on the sustainable agriculture, which obviously sets Vietnam apart from China.

I'm vietnamese and i have to say: it's nearly impossible to be the next China. Not only china can provide 10 times bigger labor force, it have resources, raw material and technology to turn these into component used in ihe industry. Years of being world's factory have left them with skilled labor, automaton that Vietnam simply doesn't have (yet?)

Hey Uptin! I love your videos and I wish it was a little longer in length. I think the topics you address are very relevant, and I think there’s more you can share with us on the topic 😊

This is next step journalism - I’ve been watching you for a while and you are amazing! Well done!

Nah, Vietnam doesn't need to be "China" in term of economy. It needs to be second to China who will likely become number one soon. Historically, Imperial Vietnam has been around second or third economically during the ancient times to medieval periods because it was extremely rich due to trade with Imperial China. In the list of tributary states, Imperial Vietnam was number one to China, and Chinese emperors were persuaded by Chinese mandarins that China had been suffering huge trade deficits with Imperial Vietnam. It is ironic if you compare the history and current time.

Vietnamese are smart and hardworking. I believe Vietnam will soon become an upper middle income country. But it is still difficult to become a developed country. Because Vietnam's recent rapid development is due to the transfer of mid-to-low-end industries from China. It is impossible to become a high-income country by relying on middle and low-end industries. If you want to become a high-income country, you must have high-tech industries, and no country will transfer high-tech industries to Vietnam. It is difficult for Vietnam to compete with Europe, America, China, Japan and South Korea in high technology with its own efforts. The current rapid development does not mean the permanent rapid development. This is the middle-income trap encountered by many countries.

labor skills and knowledge are also one of the key factors for economy growth...majority of china's newly graduates are more competitive enough to think of new ideas and know how when it comes to business development....

Hey Uptin! Long time fan from your time at CNBC. Happy that this channel is going well. Since you're in Vietnam you could consider swinging by multicultural Malaysia! Holler if you're ever in Kuala Lumpur, I'd be happy to show you around. Wayne

Most developing country has luxury malls. Like even countries like India, Nepal, Bangladesh, Srilanka and Cambodia

Excellent video!

Thanks for the post.

good reporting!

I do not really understand how this amazing channel had so less subscribers....great content bro.. Keep it up🙏🙏🙏🙏

Awesome video, full of energy and valuable information. Thanks!

Uptin, Vietnam also produces 60% of Samsung's smartphones at the moment.

In short, Vietnam never want to be next China, they just don't want to and their value of life is also so different. Well done to China for their achievements, Vietnam will head to their own course.

Though *VIETNAM* 🇻🇳 is quoted as s competitor for my country *INDIA* 🇮🇳 in 5th Industrial Revolution , I wish Vietnam grow much faster as they suffered a lot like in the past . *INDIA* 💘 *VIETNAM*

People just don’t realise that China is actually transferring its low to mid end manufacturing to South East Asia mostly to Vietnam and they are now focusing on more value added high tech exports especially in the hardware side , I think Vietnam must aim higher instead of focusing on shoes and apparel which any low income economy can do in a span of few years , at least India is going and doing well in the space of tech cause present and future will be all tech

China's rise was not because of US help, but because of its policies, including opening up to the world. To sustain its economic growth, China is focusing on cutting edge technologies, such as AI, 5G and Quantum Computing. Also, one should not forget that China is leading the world in renewable energy technologies and EV manufacturing.

Hi-enjoyed, so great editing.😮

I really loved this video!

From population, country area to economic size, our Vietnam cannot be compared with China. Therefore, it cannot become the next China. China has the most complete economic scale. China is very admirable.

Vietnam's GDP rise by 13.6% in Q3 2022..

I was born in Vietnam and I know Vietnam does not want to be the next China. Vietnam rather wants to be next Japan or South Korea.

I have nike running shoes and they are made in Vietnam 🇻🇳

India is the closest one, not Vietnam. It's not only about economy, but also about political influence at the world levels.

very very interesting videos bro. keep going

I find the things that I buy from Vietnam tend to be of higher quality that stuff from China.

awesome vid! lucky to be around accessible things here

No, not even close. 1) They are 2 entirely different sizes, China has the huge domestic market and supply chain to be self reliant, Vietnam can only hope to be a small cog in the global supply chain. This mean they will be at the mercy of multinationals, who will always siphon profits away from the country, and just exploit it for the cheap labor. 2) Vietnam since it's founding has been at war constantly, peace was only achieved in 1991 when China and Vietnam stopped the border wars. This means Soviet help during the cold war were in military supplies. Vietnam never received any Soviet heavy industry. Which means Vietnam's growth is VASTLY different from China's growth in the 1980s, China had a robust heavy industry, the heavy industry is the foundation of an economy, without it, an economy relying on textile industry and electronics assembly cannot grow beyond middle income country status.

GDP per capital Vietnam catch up China is hard as China catch up USA

As a Chinese who have stay in HCMC for more then 3 years, most vietnam people I met have never treat China as their target, vietnam shoud be next japan, next Korea, vietnam is aim to be a developed country.

Your vedios are trust me one of the best. Thank you

East Asia and South East Asia is growing really fast🚴三

希望越南发展越来越好

It is good Vietnam is also a manufacturing hub. Good to have alternative sources.

No, Vietnam is Vietnam and we're becoming better! Thank you for your video!

I work for Marks warehouse and I see more than before the made in Vietnam 🇻🇳 stuff.

My company in US has parent company in Taiwan. They have moved most of their production from China to Vietnam over past 5 years. It will continue .

Nice video. This year has been an amazing for a lot of Vietnamese companies exporting seafood, fertiliser, chemicals,... their profit increased a few times already

for context, Vietnam's population is roughly 99mil, which is comparable to Japan's (125 mil) and doubled that of Korea (50 mil). Similar culture (all in Sino-sphere). The potential is undeniable!

Uptin make a video between Vietnam Vs bangladesh.im really grateful for all your video's the are educative.

Yo. Since 2005 I heard about Vietnam. They will be the next manufacturing, but not gonna be like China

I would say not because of the size and population

Love the video! And love 🇻🇳! 10/10!

Vietnam and Mexico are going to be huge manufacturers for the US

Investors are finding themself in a place that has cheap labor, a stable economy, a neutral government and good relationship with US-EU-RUSSIA-CHINA & rest of the world, of course even though it could not threaten US because of its geography & population size compared to CHINA scale, so far they decided Vietnam could be the next country to invest that fit their requirements.

Thanks for shopping in Vietnam

Thanks for saying many positive things about my country

@uptin the image in 2:54 happened in Singapore, not vietnam

I'm so happy and proud for the Vietnamese people. I'm from the Philippines and some of my relatives have migrated and married Vietnamese nationals. I've taught a lot of Vietnamese students to learn English and I can say that they are determined people. You can really feel their competitiveness and I like that from them. I have a lot of good friends in Vietnam and will fly there soon to accompany my best friend which is a Vietnamese. These people have strong sense of patriotism and I couldn't be prouder than seeing my students grow to become successful players in their respective niches. The thing that the Filipinos, my countrymen, can learn from Vietnamese will be to have a strong sense of patriotism, nationalism, and unity. Their GDP has surpassed the Philippines today. Vietnam may be the next Korea or Taiwan in the future if things go smoothly as planned. Although the country is a new player in the field of electronics and manufacturing, once the Vietnamese children become competent and competitive people in the future then it will only take years for them to study the technology of neighboring countries and apply those learnings through a hybridization process. The Philippines should learn better from this rising tiger. It will only take an amount of time for their GDP to surpass its neighboring developed nations.

What equipment did you use for filming? A phone or a camera? It seems lightweight and effective.

omgg you talk about very interesting and specific topics. keep it up, you have a new subscriber with notifications!

Hey, I could catch what you said about Vietnam by chance. I agree with you. Are you living in Vietnam? From Korea

Vietnam is Vietnam Vietnam is unique You don't have to be like any other country. We have our own entrance.

Manufacturing by Country share China 31.63% United States 15.87% Japan 6.52% Germany 4.78% India 2.87% South Korea 2.71% Russia 1.83% Italy 1.8% Mexico 1.69% France 1.65% vietnam is no where near

@uptin how do you do your economic research....I have always been in love with econ videos...how can one learn to do these kind of video

Most definitely, the people are extremely hard working and are skilled artisans and craftsmen, and many International Boat builders have relocated to HCM City, for this reason, the boat build and cabinetry is far superior to that in Europe or the US.

That is mainly because China now relabels them as Made in Vietnam or ships 90% of the finished product to VN and have it completed there so it can be labelled Made in Vietnam.

Hi, the image/Vdo between trump and Kim is in Singapore not Vietnam. The time stamp is 2018. The one held in Vietnams was in 2019.

Where are you from, Uptin ?

Vietnam will never replace China completely, Vietnam is too small, too undeveloped, not enough population. The one country that will become the next China is probably more India, if they can sort their sh*t. Also China got a lot of raw materials needed for some manufacturing whereas Vietnam really doesn't. But if Vietnam can grow its economy to become a well-developed country, it will be one more win for the East in its war against western dominance.

Who could have foreseen 50 years ago that a Vietnamese company would open a car 🚗 factory in the USA. Good 👍 luck to Vinfast!

In certain degree Vietnam will replace some role that China plays in the past.

As an Indian, I would say Vietnam can't become next China...a lot of companies coming out of China not only go to Vietnam...they go to Philippines, India, Indonesia and Bangladesh too....even African countries are also developing...so no one country can become a next china...even china can't be china anymore...the days of it being the world's factory are almost gone...china enjoyed that status for a short period of time when many countries were still under developed or just started developing and developed countries needed a factory...that's it

In Algeria customs still steal passengers' luggages

I think that if everything moves from China to Vietnam it is in danger of becoming as ubiquitous as Made in China today and a case of putting all your eggs in one basket; it's that the basket is going to be Vietnam instead of China... An ally of the US; they were at war with them for years... I think that apart from corruption, Vietnam's biggest problem is most of its industry is foreign owned so profit goes abroad. I think Vinfast will be good 👍 for Vietnam's economy as it's a home grown company; I wish them luck with making cars in Vietnam; if they can deliver high quality products then good 👍 luck to them!

As a chinese，I have to admit that there is great potential for vietnam. vietnam 's culture is very similar to East Asia's culture. they are hard working，disciplined，place high value on education. it is very easy for them to receive the transfer of the industry ，technology and investment. plus，the west countries is relatively friendly with vietnam.

How long will it take to replace China?

China has many provinces with the population of Vietnam

Please fix the subtitles, the person that does it gets a lot of words wrong.

When US was trying to get away from producing in China we had to go to Other Countries to sort things out it was really really scary

If you open your computer, there’s a good chance that the (Intel) CPU also has “assembled in Vietnam” on it. Same goes for your Samsung smartphones.

Vietnam folks are very fast and hard working people.

so ppl still think China only makes shoes and toys nowadays?

I love your video tho. However, as a proud Vietnamese, I don't feel comfortable when hearing people say we are becoming the next China. We're striving to build our nation greater as we should, not to be the next China or the next Japan or Korea.

Vietnam is a filler for India to be the next China. A billion people need to be replaced by a billion not by 95 million. The bottomline is that India is going to have it's way with the manufacturers to produce in India as it's people growing richer, the only way the manufacturers will be able to maintain growth is to sell to the next billion people and for that they will need to move to making in India. And for the manufacturers that don't want to move, oh well, it's just a matter of time.

Can you do a video of Cambodia

But Vietnam has been touted as next engine for the last 10-15 years after doi MOI.. till today not yet reach to the heights of china still..

Do Indonesia please

Ủng hộ Việt Nam nhé bạn.

No cuz they don't have huge ppl, educated young ppl and high tec manufacturing companies.

Watch american companies in the philippines transfer to vietnam, india or indonesia.

As a vietnamese my computer is exploding cause i have no graphics card help

This issue of vietnamese eating people is it really True ?.. Would like visit there especially in villages but stories scares... Lot's of Concern from Kenya 🇰🇪

Vietnamese are just as hardworking and industrious as Chinese. So, good future ahead. And the food! Yum, yum. Love from China

This is a overstatement.. Vietnam is too small. They don't have the complete range of manufacturing support facilities like in PRC.

Nah😒, I’m sure Vietnam will never become a second China even if Vietnam became a rich country or the populated country The appearance may be similar, but inside two of them are different Different culture, history, language, traditional food, traditional clothes But they are neighbors so they have been fighting with each other a lot like Thailand and Myanmar in a long time ago If Vietnam really are a second China then they must have the same culture, history, language, traditional food & traditional clothes

You're a geographer without knowing it

Really this true because Vietnam will be top highest growing economy in the southeast Asia 2030 or 2035 But some countries southeast Asia like Thailand. S-- korea . Malaysia. Indonesia are always making past high economy and fasting growing development everyside

Casi todo lo que uso ea made in vietnam tenis ,ropa , cell , audifonos

What they don't know is that these stuff are actually made in China. But to circumvent the US tariff, the Chinese stamps them Made in Vietnam and then ships them over to Vietnam through an underground network in Guangdong, which is just beside Vietnam. There is no way Vietnam could churn out all these things all at the same time. When billions of dollars are at stake, expect the most creative ways people do to keep the money flowing. Come on now. You're not that stupid to believe this are you?

越南目前经济思路是正确的，利用低价格的人工和土地等生产要素来承接产业链附加值最低的组装部分。越南目前在完成原始资本积累阶段。想成为韩国或者日本，最起码要有高素质人口，基建，一流的大学，科研，稳定的内部外部发展经济的环境之外，你才能生产高附加值的产品成为发达国家，单纯的靠低附加值产品来发展经济永远不可能成为发达国家！韩国有以3星为代表的手机以及芯片产业，还有现代汽车！日本那就多了去的东西了。越南错过了第3次工业革命，错过了互联网大数据，第4次大概率他们也赶不上，因为经济基础决定上层建筑，我没看见越南成为一个发达国家的信号在未来30年内！看看中国，芯片高端仍然搞不赢韩国要不然华为手机也不会受这么大影响。但是我看到以电动汽车为未来主流的汽车产业方向把德日汽车甩在后面的苗头。越南如果要成为发达国家，必须有2到3项世界级的核心竞争力的产品且产业链！这背后还有很长的路走！