"If you look at the Vietnamese demography, we're getting older before we get richer. So 2030 is when our golden population is no longer golden, because 2030 is when we start to age more than we have newborns. So this strategy is quite dangerous if one day our labor workforce is no longer the low-wage workforce that this model might work with. That’s why Resolution 68 and, late last year, Decree 58 are orienting Vietnam toward a newer economic model." - Valerie Vu, General Partner at Ansible Ventures" - Valerie Vu
"Before, state-owned enterprises contributed more than 50 percent to Vietnam’s GDP, but according to Resolution 68, the government wants to push more private enterprises and private entrepreneurs to contribute more to the local GDP. They want entrepreneurs to build more and contribute more to the economy, especially the conglomerates. They want them to contribute at least more than 50 percent to the economy, instead of below 50 percent as of today. So state-owned enterprises will become less—still very important—but no longer the biggest contributor to Vietnam’s GDP. We encourage entrepreneurs and business owners to be at the forefront of building Vietnam’s economy." - Valerie Vu, General Partner at Ansible Ventures" - Valerie Vu
"So I think we just finished the third official meetings for the negotiation of the tariff. The exact number was not disclosed, but both sides have been saying that most of the major concerns are already resolved, though there are still one or two points we haven't come to an agreement on. That's why they could not disclose the final number for the tariff, but they have already gone through three official meetings. From my intels, the U.S. side has asked a lot of difficult and very tough questions and also made demands—not just for military support like Vietnam starting to buy F-16s from the U.S.—but also forcing Vietnam to cleanse and clean out domestic commerce and trade so that we can prove that we have transparency on where the goods are coming from." - Valerie Vu, General Partner at Ansible Ventures" - Valerie Vu
In this episode, Jeremy Au speaks on how Vietnam's economy is rewiring for tech and trade battles.
Keywords: Valerie Vu, Vietnam Economy Rewiring for Tech, Trade Battles, Vietnam, Southeast Asia, VC, Women, Thought Leadership
