politics

Vietnamese PM urges more investment from Japan

21 Comments

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21 Comments
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Wait, didn't he pledge something like $ 1 billion already?

Is this gonna be a "who gives us most" competition?

Well, guess you found the right person to talk to.

Abe takes it, Abe gives it. First part from the Japanese tax-payers, the other part to whoever wants some.

3 ( +5 / -2 )

Yep. Looks like vietnam is out to fleece us for every dime they can get. And what does Abe care? Its not his personal savings he's dishing out dosh from. And, since he has no children, if he runs Japan's economy into the ground, so what? Its not like he's going to care about future generations.

0 ( +4 / -4 )

“At this meeting with Prime Minister Shinzo Abe, we wish that Japan would be the largest (foreign) investor to Vietnam, not other countries,” Phuc said. South Korea is Vietnam’s largest foreign investor with total investments of $50 billion, followed by Japan with $42 billion.

For Phuc sake, let's hope SK didn't hear that.

5 ( +5 / -0 )

Obviously she's seen Abe throwing cash around.

3 ( +4 / -1 )

Vietnam's pretty good at this. During the war, they leveraged both the Soviets and Chinese to get free weaponry, and after the war was over, they told both to get lost.

The Vietnamese have a very strong independent streak. They'll never come under Japan or anyone else's influence. Pity the Japanese taxpayer.

1 ( +3 / -2 )

Do posters here not realize what FDI is? Even aid has strings attached, so the bizarre idea among uninformed posters here that money is being given away free is so silly that's it actually suspiciously stupid..

FDI is almost entirely private investment as well, so Japanese companies gaining foreign returns in Vietnam to bring back to Japan has no downsides whatsoever

-1 ( +2 / -3 )

Perhaps she can ask Duterte to split the money he got from Japan.

3 ( +4 / -1 )

PM Abe's current foreign visit is highly successful in strengthening Japan's securities and commercial ties with the regional countries.

2 ( +4 / -2 )

@ dcog9065

Stop it man, the ppl here don't care about facts. They're just here to consolidate one another's fantasies about how they're all morally and intellectually superior to the majority of Japanese people who vote for/support Abe (latest poll shows support at 67%).

The fanatic dogma of JT posters against Abe and his supporters is tantamount to that of the KKK's stance toward coloured people. Reason has absolutely no place in their ivory tower.

-2 ( +4 / -6 )

Mr Abe - if you're going to dole out the shekels, how about throwing some our way! We, the people whose taxes gave you the money you are frittering away.

1 ( +2 / -1 )

PM Abe's current foreign visit is highly successful in strengthening Japan's securities and commercial ties with the regional countries.

Chuckle of the day.

It's pro

1 ( +2 / -1 )

PM Abe's current foreign visit is highly successful in strengthening Japan's securities and commercial ties with the regional countries.

Hilarity ensues.Hes travelling Alot to have to not deal with the failure that is Abenomics! !

https://www.theguardian.com/world/2017/jan/17/japans-rising-child-poverty-exposes-truth-behind-two-decades-of-economic-decline

0 ( +1 / -1 )

= more corporate welfare to companies not raising wages for most of their workers...Hmmm, is this really what Mr. Abe wants ?

0 ( +0 / -0 )

@docog9065

"FDI is almost entirely private investment...."

Yeah, but that's not what we're talking about. We're talking about Japanese ODA. The major infrastructure projects, like Saigon's subway system, is largely being funded and financed through JICA, which has a massive signboards in that city boasting how much the Japanese government is "helping" Vietnam overseeing the construction of its rail system.

Japan is indeed Vietnam’s biggest "donor" these days, and we're not talking private capital. http://e.vnexpress.net/news/business/japan-provides-106-million-in-oda-for-vietnam-3464067.html

"so the bizarre idea among uninformed posters...."

Man, that comment is ironic.

0 ( +1 / -1 )

Aughhh, investing in the long term is not really the strong part of private investors. Constructing infrastructure is the first step in consolidating an efficient and robust economy that will lure more investors. If you have any doubts look at PRC. Japan provided various infrastructure through ODAs and technical aid in the 80's that gave them the push to create their economy without it they would still be muddling it through.

-2 ( +1 / -3 )

Aly Rustom

Yep. Looks like vietnam is out to fleece us for every dime they can get. And what does Abe care? Its not his personal savings he's dishing out dosh from. And, since he has no children, if he runs Japan's economy into the ground, so what? Its not like he's going to care about future generations.

Japan has huge contracts in Vietnam and sells an enormous number of products. Japan is hardly getting fleeced. The situation is quite the opposite: If Japan is going to survive, it's countries like Vietnam that will pay the bills.

-2 ( +0 / -2 )

"Constructing infrastructure is the first step in consolidating an efficient and robust economy that will lure more investors."

Vietnam has no problems "luring investors," whose priority is cheap labor. The huge and expensive rail and construction projects are more about Japanese government efforts to avoid large-scale layoffs back at home in its smokestack industrial sectors, where domestic demand is shrinking.

0 ( +1 / -1 )

@goldorak you naughty boy...

0 ( +0 / -0 )

@ dcog9065 Stop it man, the ppl here don't care about facts. They're just here to consolidate one another's fantasies about how they're all morally and intellectually superior to the majority of Japanese people who vote for/support Abe (latest poll shows support at 67%).

Nice one dcog, you are spot on

0 ( +1 / -1 )

Vietnam has no problems "luring investors," whose priority is cheap labor.

Not quite especially in the manufacturing sector requiring large amount of electricity. One of the biggest problem Vietnam has is frequent black-out and brown-outs that plague the country. Japan's investment will certainly help them in those parts as well.

-2 ( +0 / -2 )

Japan has huge contracts in Vietnam and sells an enormous number of products. Japan is hardly getting fleeced. The situation is quite the opposite: If Japan is going to survive, it's countries like Vietnam that will pay the bills.

Meaning the companies get the profits while the taxpayers get fleeced. Is this money going to go back to the Japanese taxpayer? If you believe that I've got a bridge from China to Japan I want to sell you.

0 ( +1 / -1 )

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