"It's going to eliminate a lot of import duties and tariffs, especially since the US is our biggest exporting partner. Last year, the net trading surplus of Vietnam to the US was about a hundred million. By reducing the tax, imports, duties, and tariffs, both sides can make a lot more profit. Therefore, the biggest advantage of being recognized as a market economy is the elimination of all tariffs and duties, fostering an open business democracy environment." - Valerie Vu, Founding Partner of Ansible Ventures" - Jeremy Au
"It makes sense that many Chinese companies in the south find it easy to expand into northern Vietnam due to cultural similarities and developed infrastructure. From what I've heard, southern Vietnam seems more open to American cultural influences and the movement of people. Parallel to this, my contacts in Indonesia have indicated that while Western MNCs initially favored Vietnam, they're increasingly turning their attention towards Indonesia, considering it as a 'China plus one' or 'China plus two' strategy. Initially, Vietnam was their top choice, but now there's a shift towards balancing their commitments, maintaining some activities in Vietnam but expanding more significantly into Indonesia.” - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcas" - Jeremy Au
"I hope he's more pragmatic, especially about economic development, given his cabinet is very defense-focused. None of them came from the Ministry of Finance or Ministry of Investment; they all have a public defense and army background. I understand why international investors are concerned, but based on the encouragement from the Mercedes joint ventures and his emphasis on continuing economic growth, I believe he truly understands the importance of business and economic development." - Valerie Vu, Founding Partner of Ansible Ventures" - Jeremy Au
In this episode, Jeremy Au speaks on Vietnam: New President Tô Lâm, immediate China state visit, and USA rejection 'Non-Market Economy' with Valerie Vu.
Keywords: Vietnam, New President Tô Lâm, Immediate China State Visit, USA Rejection Non-Market Economy, Valerie Vu, Vietnam, USA, China, VC, Thought Leadership
