VietNamNet Bridge – Vietnam has no other choice than to develop together with China. But what to do to develop next to China? First of all, it needs to learn the way of looking into the times of Chinese people, and then it needs to learn the way of doing business with clear methodologies and strategies, said Nguyen Dinh Luong.
Nguyen Dinh Luong was former Head of the Vietnamese negotiation team for the Vietnam-US Bilateral Trade Agreement. He believes that it is necessary to analyze Chinese development in the context of globalization and think about what Vietnam should do.
Chinese economy has obtained splendid development over the last decade. The nation has become the main production base of the world and it has surpassed many other economies to rise to higher rankings in the world. What are your feelings about the development?
Chinese people, for thousands of years, have been following an aspiration of forcing the whole world to bowto the Chinese emperors. The people who have been appointed to the high posts in the Chinese leadership are all excellent people with long term visions. As for the people, the highest benefit is the development of Chinese country. They well understand that economic globalization is an opportunity to develop the country.
Theyknow how to take full advantage of the occasion to develop. They know what to do to attract big international investors from all over the world to China to set up production bases and then to reach out to neighboring areas. They make the benefits of the world fasten with China’s benefits. They have turned the world into a place that consumes Chinese goods. They have been attracting tens of thousands of rich Chinese people all over the world, especially from Taiwan to the mainland. Chinese people have set foot all over the world.
Do you mean that China will continue developing?
China will keep developing. Though some people feel happy about the development of China, and some others fear the development, China will still keep developing.
Chinese people now have everything to develop, including strength, knowledge and cleverness to follow its path of development and get ready to adjust strategies for its development.
Chinese people say that they are building up a market economy under Chinese model.
Local newspapers recently have been discussing the impacts of the rise of China on the global economy. The newspapers have quoted some experts as saying that Vietnam’s economy has been put under the influence of Chinese economy. Vietnam has been witnessing the high trade deficit in the trade with China for many years. Meanwhile, Chinese enterprises have been acting as the EPC contractors in many Vietnamese invested projects. What are your comments about this and what should we do to improve the situation?
Chinese cheap products have been flooding all the entire world, not only in Vietnam. Chinese enterprises win the bids to become the contractors of many projects all over the world, not only in Vietnam
Vietnam and China are neighboring countries and cultural similarities also make Vietnamese and Chinese people close to each other. Chinese people understand Vietnamese people, and therefore they have come to every street corner in Vietnam.
We have no other choice than to develop together with China.
So what should we do in order to develop together with China and avoid the heavy reliance on the economy?
We need to learn from China, but this does not mean that we have to do all the things that China has done. We should analyze the good and the bad and we should consider applying the theories that fit Vietnamese circumstances.
The State has spent a lot of money to send officials to China to conduct research and surveys. However, it is regrettable that no one has provided a review about what Vietnam has learned and what Vietnam should do.
What can we learn from China?
I have never made a working visit to China, but I believe that there are many things that we can learn. First of all, we can learn the way of looking into the times, and then we learn the way of doing business with clear methodologies and strategies.