Many are astonished when hearing that packaged pho made in Thailand is selling like hot cakes in the US. After this surprise came worry and then sadness at Vietnam facing the risk of losing its “copyrights” to pho. But there is nothing abnormal here and what’s up when Thais are making Vietnamese pho? The world is a vast network of connections and so are business and culture, a fact that has been known for a long time. In the world of food, numerous dishes that are the specialties of one country have become internationalised and made in many other countries. Pizza has its origins in Italy and is a pride of the boot-shaped country but now it is hard to estimate how many countries are making pizza. In Vietnam, local people are also making and selling pizza like most other places around the world. Besides the restaurants of Vietnamese owners, there are also other popular chains whose owners do not come from Italy. Pizza Hut and Domino’s Pizza are owned by the … [Read more...] about What if one day Vietnam imports pho?
Japanese bubble economy
The market has been swiped this year by the threat of a trade war with the U.S. and slowing economic growth. Data from Bloomberg News in intra-day trade on Friday showed the value of equities on the mainland had slipped behind those in their neighbouring country for the first time since taking the number-two spot in 2014. The figures showed Chinese stocks were worth $6.09 trillion, compared with $6.17 trillion in Japan. The U.S. market is worth $31 trillion. While global markets have been broadly hit by fears of a trade war between the world's top two economies, Chinese equities are among the worst performers this year, with the benchmark Shanghai Composite Index slumping more than 16 percent since the start of January. The pressure was ratcheted up this week when the White House said it was considering more than doubling threatened tariffs on a range of Chinese imports worth $200 billion. Washington has already imposed tariffs on $34 billion worth of goods and is considering hitting … [Read more...] about China loses spot as world’s No.2 stock market: Bloomberg
Probability of a bubble Vo Huynh Tuan Kiet Since its quick recovery in 2014, the Vietnamese real estate market has witnessed an unparalleled supply of new projects being constantly launched and with good net absorption. Along with the market’s traditional segments, new products have been introduced, such as second-home villas, condotels, and officetels. Since 2015, the Vietnamese government loosened its requirements for foreigners to buy and own properties in Vietnam, which helped attract more foreign investors to the market (Figures 1 and 2). Nonetheless, many experts and investors have cast doubts upon this rapid recovery, predicting underlying risks. These risks include an oversupply of high-end projects, the return of speculators, and falling market demand. The biggest concern would be another property bubble akin to the one that shook the market in 2007 and froze the property market until 2013. The market is still paying the cost of this previous bubble. As the … [Read more...] about Signs of another property bubble?