Why Foreign Investors Prefer Vietnam Over the Philippines

[@Redmaile25]

As a Filipino, I’m glad that we’re competing with Vietnam. Healthy competition brings out the best in people. I’m excited about the changes in both countries! We’ve come a long way

[@gerardanderson9665]

Wdym by "Competing" With Vietnam. We are Getting Destroyed by Vietnam As I Speak. They have a Bigger Economy now and they Are Growing Faster

[@TaHai87]

nice to hear that. Thank you! Hope both countries are best.

[@jerrymylove1754]

You are not competing. Philippines is far behind. It’s filthy corrupt garbage dump of a country. No comparison at all.

[@petertruong83]

Very positive attitude! ❤❤❤

[@royalbalasuela819]

But vietnam economy beforemis lower than philippines

[@lukluk9861]

1.Vietnam enjoys a "hard culture" that values hard work, discipline, organization, education,... 2.has a strategic geographic location 3.has a stable political system and relatively open FDI environment 4.has signed many FTA with major markets (CPTPP, RCEP, EVFTA, UKVFTA,...) 5.has lower energy cost . . .. ...

[@haduong96353a]

Vietnam: east asian culture Philippines: southeast asian culture

[@junsan2004]

- Most of the PH elect corrupt officials; - Most of the electorate are stupid aka BOBO; - Most Filipino are gullible; - Personal interest compared to public interest; - Elected officials are either ex convict or uneducated; - etc.

[@lukluk9861]

@@haduong96353a Philippines: Latin American culture

[@haduong96353a]

@@lukluk9861 their names and their country's name are from spain, right?

[@adcruz5983]

@@haduong96353a feeling east asian lol eating cat.

[@outsider1328]

As an Indonesian, if I have tons of money, I would choose Vietnam over The Philippines. Why? Simply because Vietnam is near India and China. Two biggest market in the world.

[@tuanz8009]

Its not near india tho

[@darren5971]

Havnt you heard of a thing called a ship what a stupid statement

[@gustafromanov7860]

​@@tuanz8009nearer than Phi

[@thuankhong]

Vietnam does not export the most to those two markets, but the US is `85 billion, China is second with 40 billion, Korea is 18 billion, Japan is 17 billion. India is only 6 billion, 500 million more than Thailand.

[@lusqwerty]

very proud of that answer. as a southeast asian myself been to the philiPenis. very mediccre country in every aspects. I have Friends investors they say you will.loose all your money in bribes even before you make your initial capital. and talk about the poor country. they want to hire locals even the president and ceo. they even want you to share their technologies. philipenis are infamous for selling trade secrets to the chinese or whomever the biggest bidder. and the simpliest things philipenis gets offended easily. you will talk about the messed up political situation and the one of the hardesr beaurocratic process of setting up even a small businesses. locals can seel everything. but for foreign nationals.if they see you setting up shops even if you employ locals you are still being accused of cutting competition and stealing money from locals because they thought big businesses send philiPenis money outside of their country. who needs philipenis currency its low or nothing of value. only because it pegged in US dollar bit if its not is pretty much useless. even locals deposit their cash in dollars. there are even problems with local rebells collecting bribes..l and PhiliPenis military cannot do anything to protect foreign businesses.

[@Nghihuutuoi47]

You forget a lot of important things: - Vietnam has many trade agreements with major markets in the world -Vietnam shares a border with China which is convenient for importing raw materials for production. -Vietnam has a culture quite similar to countries such as China, Korea, and Japan. -Vietnam is supported by the West to develop to fight China -Vietnam has a stable and peaceful politics and the four leaders of Vietnam at this time are very good. And the most important thing is the human factor.

[@trongkiennguyen2983]

Not to fight china, but to stand ..

[@namdo1996]

he not forget, or he doesn't know, he make sure Filippino bait-clickers will know nothing about Vietnam, the truth face of Vietnam

[@Ilove-zc1zm]

You forgot the MOST IMPORTANT thing and most Vietnamese don't know about these 1. The Philippine soldiers were sent out to Vietnam during Vietnam War, to provide humanitarian aid. 2. There are 1,500 Vietnamese asylum-seekers now live in the Philippines, a third of them in a resettlement area called "Vietville" on southwestern Palawan Island.

[@Ilove-zc1zm]

@@namdo1996 You forgot the MOST IMPORTANT thing and most Vietnamese don't know about these 1. The Philippine soldiers were sent out to Vietnam during Vietnam War, to provide humanitarian aid. 2. There are 1,500 Vietnamese asylum-seekers now live in the Philippines, a third of them in a resettlement area called "Vietville" on southwestern Palawan Island.

[@parralel2924]

@@Ilove-zc1zm toxicity of filipinos, for the concept or their attitude, utang na loob- so bad when you give just give dont expect in return

[@cucaiuaxe8005]

Nếu ng VN đọc đc cmt này tôi mong rằng Mn hay hiểu chúng ta còn đang ở thời kỳ đầu vươn Lên, còn rất nhiều khó khăn đang chờ phía trước, không nên ngạo mạn hay khinh thường quốc gia khác. Kiên cường và chăm chỉ vì 1 thế hệ con cháu sau này của chúng ta được ngẩng cao đầu.

[@nguyenhieu1687]

Đã có gì đâu mà kiêu ngạo. Còn phải cố gắng rất rất nhiều nữa!

[@tuanz8009]

Kk

[@anhlam7131]

The Philippine is a service based economy while Vietnam is a export based economy. Philippine focuses heavily on infrastructure spending, Business Processing Outsourcing (BPO) and Oversea Foreign Workers(OFW). Whereas Vietnam mainly focuses on Information and Communications Technology (ICT) & manufacturing consumer goods & electronics and agriculture. Low value added industries like outsourcing, food, hospitality, tourism, simple assembly and exporting natural resources is not sustainable in the long term because it's not creating enough high quality jobs for the booming population. Shopping malls, skyscrapers, MRT, etc won't increase consumer spending without having higher paying quality jobs. The government needs to spend more on Research & Development (R&D), science, education, developing high technology to move up from low value added industries to heavy industries, high value added industries like semiconductor, robotics, medical, aerospace, biotech, electric vehicles, etc to escape the middle income trap. The Vietnamese government is focused on creating jobs, gradually upgrading all the cities infrastructures equally while focusing on creating digital 4.0 industry like 5G & 6G, Advance Robotics, AI, cloud computing, machine-to-machine communication (M2M), internet of things (IoT), etc. In order to grow like the East Asian tigers like Hong Kong, Taiwan, Singapore, South Korea and now China is to become a global manufacturing hub, acquire technology transfer from foreign direct investment, invest in research & development, upgrading workforce skills, improving supporting industries, creating high technology global brands. ​​​​​​Viettel makes its own 5G equipment, researching 6G technology, FPT corporation makes made in Vietnam software, AI and semiconductor chips , VinFast electric cars like VF3, VFe34, VF5, VF6, VF7, VF8 & VF9 are exported and sold in Canada , USA , Europe, Middle East, Africa, India and South East Asia. BKAV & VinAI Artificial Intelligence companies creating AI technology products and services. Many large unicorn tech companies like VNG and Blockchain technology like Sky Mavis Axie Infinity. Phenikaa-X owns leading technology products, especially advanced solutions in the field of automation and artificial intelligence such as: Autonomous Vehicles. Level 4, Drones, Reception Robots, Factory Transport Robots (AMR)...

[@leonortenorio6604]

veitnam similar with china they are assembler of product... soon reality will prevail

[@nicoaguswibiantoro5489]

Great Vietnam culture similar to East Asian countries, use Confucianism compare to PH that follow Spaniards culture and Catholics beliefs

[@haduong96353a]

​@@nicoaguswibiantoro5489 yeah, most Viet people are atheists

[@Commievn]

Vinfast is trash tho. They are not a real car company. It is just assemble company. The tech, the engine, the components, the patents are all imported from overseas. In short, Vinfast is a poor example of Vietnamese goods.

[@mountainous_port]

As a Filipino, I say Vietnam is heading the right path more than the Phils. My country is too focused on malls condos and more malls which is not really adding anything especially that almost everything in here is imported.

[@nhanlam2571]

As a Vietnamese, I hope this video appears to be a fair and objective comparison between the two nations, providing its audience a general understanding and incentives for moving forward. Vietnam has done a great job in recent years to gradually become the next potential economic powerhouse of Asia. Simultaneously, I do hope the Philippines will strike in the future given the fact that this beautiful country experiences tragic natural disasters every year.

[@bido202]

thôi ô nội . Tôi ko đọc chữ nào nhưng tôi cũng biết ô sẽ nói tốt về VN

[@AccipiterSmith]

And guess what, some protectionist scumbags in the Philippine Senate STILL refuses to accept constitution reforms, not only that but the entire Filipinos are misinterpreting the Open Foreign Investments as "neo colonialism" and "foreign invasion" (especially scaring people into thinking that only China would benefit to this).

[@TheUmbrex]

visiting vietnam u can smell it, it's in the air ...your golden age is just around the corner - visiting the Philippines and you realize it's just one giant shithole with no hope

[@phanviet65]

@@bido202 vậy thì mày nên đọc

[@heyamax]

Yes objective bec it's pro Vietnam. Lol

[@jaywei7546]

Really hope the Philippines government could sort these out. Well done Vietnam.

[@1rjona]

That for me is the difference. One is a Chinese style communist goverment the other is an American style democracy. Foriegn investors from Western democracies don’t care about human rights ,only profit. Thats why they are investing abroad in the first place

[@soul66inmost55]

Tôi mong người nghèo ở Philipines được quan tâm hơn, và là người Việt Nam, tôi không muốn có sự so sánh nào ở đây. Phil giàu hơn hiện tại thì càng tốt, VN cũng vậy. Cứ hãy cùng nhau phát triển đi. Giúp đỡ người nghèo và hãy nghĩ tới giảm bớt bất bình đẳng xã hội và đặc biệt là rác thải

[@jison9025]

Dont worry our government addressing that problem for poor people in the philippines ...our government is now constructing lots of affordable housing project and also our state university here in the philiplines are now free. I hope your government also is doing like what our government is doing to our citizens...😅😅😅

[@trongbuiphu7216]

@@jison9025 Actually, our country doesn't have any slums like yours. And the gap between rich and poor is not as high as you

[@angkhoanguyen6114]

@@jison9025 I hope so. Philippines have the highest poverty rate among ASEAN countries.

[@bohuattor]

Vietnam is much richer than Philippines From : Singapore 🇸🇬

[@damiann4734]

Worry about the poor people in your own country. Don't worry about Philippines. Poor people in philippines as long you give them some entertainment and they will be happy. Actors and access, boxers become politicians and run the philippines.

[@namchau7712]

Love Philipines and Filipino brothers , from Vietnam 😻😻

[@K0I.07]

for those who want to know more , the core value of VietNam Economy is to sustain stability and build a good structure of connection, and even the life of Vietnamese , so we doesnt have much filthy rich but just a hope of building a good future where everyone can be happy

[@vunguyenlong5738]

I hope both countries can solve their problems and rise togheter, strong SEA and our region can compete with other regions in the world! Its competitive already but can be much better. Best wishes to my bros Phi!

[@32bitscolor]

As a Vietnamese I support your idea. ASEAN better to cooperate to balance with superpowers. If one of us target only on our own benefit, the superpowers will use to tear us apart easily.

[@jirou6228]

That true we Asean should be better than those imperialist and facist or those arrogant East Asia

[@leonortenorio6604]

@@32bitscolor belony

[@haduong96353a]

sáo rỗng - cliché

[@leonortenorio6604]

@@haduong96353a demon

[@GerryP]

Just comparing the communities of Philippines and Vietnam in Southern California. More entrepreneurs among Vietnamese compared to Filipinos who would rather be employees. Quite a few Vietnamese I've met said they or their parents were refugees who have been in the Philippines.

[@heymikey1981]

Being an employee is a lot more stable and possesses much less risk than being an entrepreneur, especially if you have family members dependent on you in the Philippines for handouts.

[@markn6941]

Vietnamese are smart business people, they know you cannot evades tax with a W2. They open business and only take cash payments

[@markn6941]

@heymikey1981 Many Vietnamese are tech workers also but the one that just arrives perfect to open business to get rich quickly.

[@havu-oj4qh]

@@heymikey1981 Being entrepreneur get rich faster

[@juno3189]

And yet Filipinos have higher income than vietnamese there in the U.S

[@k.campecinoarkitekton1806]

nice healthy competition is very good.. we love challenges here in the Ph. Thank you for pointing those critical problems of our country

[@hoshimate3260]

things to add: 1. Vietnam's agricultural situation is much better than the Philippines. This has a major impact on GDP in terms of positioning. Philippines is much more sunken with a higher trade deficit than Vietnam. Basic commodity such as food production is an advantage for Vietnam. Vietnam exports rice even to the Philippines! That means they have more dollar reserves and are a surplus, able to feed their country. While Philippines has to shell out dollars for emergency purchases. And thus, inflation is impacted as well. 14% of Philippines' inflation is impacted by just food. highest in South East Asia. 2. Trade agreements. Vietnam has diversified its market and is less on the spotlight on geopolitical conflicts. I am aware of its stand against China and the backing of US, but is has been able to sustain good trade agreements. 3. Insurgency. This may not be highlighted much, but production and company expansions are hampered by crime and insurgency/extortions. I may not be aware with Vietnam's situation in terms of insurgency and security, but for the Philippines this has a major impact on the ease-to-do business for MNCs. Overall, Philippines' top concerns that would help its growth revolves around Agriculture, Electricity, Trade partners, and most importantly is Security.

[@leonortenorio6604]

Philippines known how to adapt to situation... Philippines have trade agreement to Cambodia for cheaper rice supply in exchange of investment... for territoral security Philippines have America and allied military support to West Philippines sea and most of the country have peace and orders... Philippines have less crime rates now... govt deported those Chinese undocumented Chinese extremisties and sindicate...

[@justducky196]

Philippines has too many islands. Some of them are hiding places for terrorists or criminals. They are armed and can attack cities at any time for example ISIS attacked Marawi in 2017. Meanwhile, crime in Vietnam is mostly small groups of thieves or frauds. Major gangs are mostly destroyed by the police

[@zeroomega3781]

@@leonortenorio6604 relying on foreigners to protect your very own homeland? Pathetic 🤣

[@AccipiterSmith]

Because our economy and trade here is super duper strict thanks to Article XII of the 1987 Constitution (specifically the 60/40 policy).

[@leonortenorio6604]

@@AccipiterSmith others country open their FDI earlier than Philippines... maybe it was better for Philippines... china never take advantage Philippines natural resources during corrupt administration in the past... arroyo and duterte admin the most corrupt... Philippines on the right tracks to have a better economy... veitnam, Philippines, Malaysia have neck to neck GDP even Philippines FDI not fully open... veitnam and malaysian FDI are open decades ago...

[@woozy96]

English proficiency doesn't apply when the advantage of the other competitor is honesty and responsibility in government, to which Philippines is struggling to maintain.

[@levitabacug3377]

We Filipinos are known for being too self centred and arrogant and talking endlessly how brilliant we are. Now we are paying the price. Most of Vietnamese I know are just the opposite. They’re humble and yet innovative. Glad to hear Vietnam successes in recent years.

[@bohuattor]

Very true. Filipinos are like Indians. Talk and talk but nothing gets done. Vietnamese are like Chinese, talk little but very hardworking From : Singapore 🇸🇬🤠

[@iceteazen]

Even our politicians do more talking than execution lol

[@nicolasbsmith78]

Never been to Vietnam, but I would like to go. I love the PI, it's so beautiful and the people are beautiful, it feels like home ❤

[@ahhhhhhhhhhhhhhhhhh123]

I've lived in both countries and the differences are so stark: Viets are intelligent and hard working. They are naturally business oriented. The govt while Communist is greatly open to free trade and exports. In contrast, I found ppl in the PH to be lazy and unable or unwilling to use their brains. The govt is highly corrupt and nepotistic. They still don't let foreigners own 100% of local companies. They are anti-trade even if they enter TPP, RCEP. The PH economy is run by a few select superrich families that hate competition. Nothing works, the infrastructure is terrible and it doesn't seem to be improving. If I was investing there's no question I would pick VN over PH. It's not even close. PH is the sick man of Asia, I don't even believe their GDP growth rates, all the growth is going to the oligarchic families and politicians.

[@Moepowerplant]

Your post is mostly filler bruh You could have just said, "the country is run by a few oligarchic families who block competition." Cultural tendencies arise from public institutions. Filipinos do get around globally, as *workers.* Granted, a lot of that hard work does not go into industry, but again that is the domain of public policy, not simple personal "hardworking." The east Asian trope of "discipline and hard work" falls flat against the facts of today's DPRK and Mao's China. Again, it is public institutions and not personal traits that run a country. If hardworking Viets had a bad government, they'd just migrate, no? Oh, and what about Vietnam growing old before growing rich? Also, get a proper username.

[@hongju122]

Filipinos, be more open-minded. Let foreigners operate businesses in the Philippines. Foreigners will bring new products and job opportunities. I have been in both countries running businesses. The infrastructures and openness for the businesses, I have to say Vietnamese is much better.

[@sayaRiddles97]

Ive been to Vietnam too and all i can say Philippines is 20 years ahead than vietnam in terms of, traffic Management , Infrastracture ,Foreign Influence, Leadership and any other factors.

[@hongju122]

@@sayaRiddles97 Your country Philippines doesn't allow foreigners to have more than 40% of ownership of their business. Whereas the Vietnamese government allows foreigners to have 100% ownership. This is the reason why many big Korean and Japanese corporations build their new offices and factories in Vietnam. Not the Philippines.

[@vman7869]

@@sayaRiddles97 If the Philippines is 20 years ahead then why does Vietnam have a higher GDP per capita and HDI?

[@xxxx2228]

It could happen, hypothetically speaking, but as long as the Philippine government, corrupt politicians, and the oligarchy will not change the system, Philippines will never develop much further economically... They will not allow 100% based foreign-ownership to happen...

[@leitodamien3835]

@@sayaRiddles97 You have me lost at leadership. Your work culture is Latin America which is ripe with nepotism. You voted in Duterte, the Donald Trump of Asia. Also you have Jihadist on your back in Midanao.

[@vietnamese80]

The human factor is very important. maybe you don't believe that most Vietnamese people still don't believe that Vietnam's economy is tending to develop more than the Philippines, we just study and work, work and study, we are free to enjoy our lives, we don't let mind competition

[@nict5828]

Very true .

[@nguyetpham8659]

I went to vn last year and a young girl around 10 years old came up to my 4 years old and start to speak fluently English. I can tell The little girl wanted to practice her English. I can't believe more younger people in vn knows better enough than the Vietnamese who live in us for 10 years

[@heroes8844]

Vietnam and phillipine r like that "brothers but have never met". They alway hear and know about ea ch other growing up but because of geography, never actually meet. Yet somehow still quite close.

[@baokhanhhoang3914]

Mình cũng thích tính cách của người Phi rất thoải mái

[@thomaskim3128]

I think the biggest factor is culture: Confucius culture vs Siesta culture. After WW2, of all the Asian countries, the Philippines should’ve been the most developed…maybe after Japan. But what held the Filipino development back was a culture of complacency. The Filipinos, like the Indians, were/are too eager to please their colonial masters. They’re always longing for their colonial masters approval. They would work as long as they get a pat on the back acknowledgement from their colonial masters, even if the work was mediocre. Instead of strategizing future plans and executions, they obsessed themselves with pleasing their colonial masters. However, their colonial masters were/are only interested in making them beholden and dependent on their good graces. This observation somewhat also applies to Thailand. However, Thailand has a large Chinese population that kept Thailand’s development in progress, albeit slow. And the crabs-in-a-bucket mentality didn’t/doesn’t help either.

[@tydengr]

Confucius culture vs. Latino / Spainish culture

[@ahhhhhhhhhhhhhhhhhh123]

With Indians they got held back cause Nehru picked an extreme form of socialism. They wasted 4-5 decades having a state planned economy instead of doing what most of SE Asia which is open to manufacturing and exports. Private enterprise wasn't even permitted in India for most of its history until the 1990's

[@mountainous_port]

Contrary to common belief, there are good hispanic economies, example Chile, Uruguay, Panama, Spain have strong stable economies with very low levels of corruption.

[@darren5971]

You had no colonisers after ww2 the Philippines was handed back by the US .I will say that filipinos love to kiss ass though .America's ass .Any other nation is crap to them .

[@juamu1132]

ehem debt crisis even ring a bell to you? @@mountainous_port

[@nguyenngocmai1333]

Love the Philippines from Vietnam ❤❤❤

[@antoniobenamer8681]

Vietnam follow a define economic plan While Philippines is just a mix bag of Ad hoc whatever we may come up with.

[@globalnetizen956]

It's called pendulum economy, two steps forward then three steps backward.

[@twilight6460]

Garbage economy

[@cebuanomindchannel7592]

Philippines is still coping & recovering from wrong course of governance now the Philippines is in the right direction towards progress. #Philippinessoaring

[@josepanicucci8591]

So PH is in the right direction towards progress now? I'm not a young man I heard that a long time ago There's a proverb in Italy: "People who brag & talk too much don't do it" in USA: "Talk is cheap" it suites PH politicians

[@cebuanomindchannel7592]

@@josepanicucci8591 we'll still believe that God is watching his people especially we the Filipinos. God sent new generation Moses to save the Filipinos from the greedy oligarchs & corrupt politicians who enslaved us for so long but now Philippines is in the right direction towards progress. Come to the Philippines and observe it with your own self.

[@glennelib8731]

you're downgrading PH instead of uplifting it.. Makabayan ka ba? Filipino ka rin ba? kasi my word kang marites sa isang argument.

[@globalnetizen956]

You mean 3 steps forward then 2 steps backward, right. That's what blind demoCrazy means.

[@cebuanomindchannel7592]

@@globalnetizen956 really toxicity at your best don't stuck at toxic things it will drown your mind instead you'll be productive person yet you become useless at your worst. Why not be happy what the Philippines achieved? Why not be happy on other people's opinions? Why always finding negative things to thrown to others? Don't be so bitter on other's happiness.

[@twilight6460]

Vietnam of course. The investment environment is much better in Vietnam. From : Singapore 🇸🇬🤠

[@NNA1984]

Vietnam and the Philippines are good friends. We will grow together.

[@anhvu4211]

Let me correct 1 small thing, im living in Vietnam right now and the electricity price is average about 11 cent USD per KWH thể price has gone up abit

[@damiann4734]

Ive been to Philippines many times. I think its the cultural and mindset that is holding Philippines back. If you compare philippines to Vietnam, philippines always was in a better situation historically. Not war torn country like Vietnam, US did not saction Philippines like they did with VN. If by situation of world war 2, you compare philippines to Taiwan, South Korea, Japan, and Singapore. Philippines not even in the same league with any of those countries.

[@AMM0beatz]

Vietnamese has more support from their government in all different sector, from tech start-up, innovation, to education. This is how expotential economic growth are created, investing on people.

[@setharkon1662]

If you take into account fertility rate, Philippines is in a unique position right now, in SEA is the highest growing regional economy but the higher income countries have declining workforce population. The Philippines on the other hand has a young median age and an enormous population below 20 years old. That is why investment in education (which the Philippines is already ahead in term of language proficiency) is a good investment. The other factor that is still to be seen is that, migrant Filipinos are actually high income demography in foreign countries, there will be a trend that is just starting now that these demographics will start investing in their native country and probably go home for good in the Philippines

[@alanyosores5642]

If Philippines didn't manipulate by the C.I.A and fucking America.. Philippines now is richer than Singapore..

[@setharkon1662]

@JitWaMee Unlike China and Japan with their ageing population, Philippines and Vietnam have sustainable population. Malthusian population trap is an obsolete concept in modern dynamic economies

[@rampage4695]

Philippines fertility rate is 1.9 below the world average which is 2.2 but i do agree we have young population but after this decade if this trend continues we will end up like thailand despite huge development still not a developed country and aging population i think Vietnam will be developed country before they become a aging population country but they are also in danger in that aging population the country only add 700-800k to it's population last year and it keeps decreasing

[@setharkon1662]

@@rampage4695 I agree with your assessment, fortunately, the trend takes decades and many things can still happen in between

[@setharkon1662]

@JitWaMee Like I said, Malthusian Trap is woo but I am not here to debate that point

[@twomix1822]

Electricity is very expensive in the Philippines. If they could address that then the Philippines can become a top manufacturing destination.

[@havu-oj4qh]

Prices of electricity and fuel - in the Philippines :gasoline $1,251/l; electricity $ 0.184/1kWh - in Vietnam --------------------------$ 1,011/l.: --------------$ 0.079 /1kWh

[@havu-oj4qh]

Price of 1kWh electricity in VN $ 0.08 ,in Philippines $ 0.174 (2 times more expensive)

[@austybreezy9164]

To Vietnamese, as kind as you are in your comments towards the Philippines, your country will progress MUCH QUICKER. Filipinos are not disciplined and still lives in the 1940s lifestyle where they have children to be their retirement plan, therefore not allowing the future generations to grow, thus, greatly affecting the economy further into the future. The Philippines is hopeless, run by corrupt politicians and oligarchs. Vietnam will be a high income economy in a few decades while the Philippines stays lagging. As you can see, average working Vietnamese earn much higher wages now than Filipinos.

[@duyboomtv8159]

😅😅😅 what

[@twilight6460]

Very true. Vietnam since 2019 is richer than Philippines and GDP larger From : Singapore 🇸🇬👲

[@tlsvd5842]

Hope both countries stride and prosperous for better living

[@maharlikabebz2249]

Great job, vietnam.. hope Philippines will change policy too

[@AccipiterSmith]

Unfortunately, the Filipinos who antagonize reforms of any kind especially on the economy and trade are being... well lets just say, ignorant and foolish to say the least.

[@JhanSnow]

Even still, we managed to reach 401 billion even with low investment. I think that's already a feat.

[@vman7869]

Close to 10% of Philippines GDP is remittances, so I don't really think it's all that impressive. That money was earned overseas, not produced in the Philippines.

[@JhanSnow]

@@vman7869 Still impressive that they took home that billions of money through remittance, skilled laborers are one of the Philippines biggest export.

[@vman7869]

@@JhanSnow Which is a shame because the Philippines should be developing its own industries to employ those skilled laborers instead of renting them out to other countries. Once calamities like Covid interrupt the flow of people, GDP suffers as shown when the GDP of the Philippines had negative growth.

[@JhanSnow]

@@vman7869 Although the Philippines isn't an export powerhouse like Vietnam, the Philippines relies on real estate and BPO industry and is a shipbuilding powerhouse. The current president though is trying to attract FDI and is catching up to its neighbors.

[@VietNguyen-vj4su]

in terms of development, Phi has been integrated into the global system for years while VN is kinda new kid on the block. that translates to opportunities for investment.

[@blairclare9482]

True, Philippines is already modern and one of the richest country in ASEAN while Vietnam just starting.

[@MLong05]

@@blairclare9482 One of the richest country in ASEAN? Singapore, Malaysia, Thailand, Indonesia and now Vietnam, each and everyone of these countries have taking turn surpassing the PH within the last few decades.

[@agungs8564]

@@blairclare9482 you said vietnam just starting ,but already surpass philippines ,cant imagine if vietnam in teh future ,ph must be left far behind

[@havu-oj4qh]

It's so arrogant

[@agungs8564]

@@havu-oj4qh its called fact ,not arrogant at all

[@pushslice]

As a Filipino who has traveled to and admires our neighbors in Vietnam, it still stings that despite all the relative advantages we’ve had since the end of World War II…. Vietnam has still managed to surpass us in per capita GDP. How?? They have been beat into rubble by multiple wars, up until about just 40 years ago. In fact in comparison with most of our Asian neighbors, the Philippines’ role as the model “pearl of the orient” seems to have taken a hockey-stick diversion starting around the late 60s . Sigh.

[@nict5828]

Government and corruption.

[@martmartinez]

Corruption....

[@user-bx3op7nl4c]

😢

[@managersamuel]

Philippines is anti- foreign in its policies. So as you can't own land, own a business, you need to pay some shoddy captain to do business. Compare that to economies where yiu are encouraged to bring money, start businesses-thereby developing industry and infrastructure. Ripple effect is that you end up providing jobs, and working class contribute to taxes, purchases etc. Philippines needs a new political direction, changing laws to be pro growth. Can't even imagine communist China has better business policies than Philippines

[@twilight6460]

​@@managersamuel Democracy sucks Communism works From : Singapore 🇸🇬👲

[@emconsolacion7950]

Change the educational system we produce graduates for employees not to be an employer

[@felipecostillas3798]

Electricity is very worse in the Philippines...but sustainability is the key sooner or later minimum wage earner will demand higher wages for their lavor of love.. taxes is much needed to finance the social services of the people... well it's not the business of an investor to consider it... but there are somethings or reasons that not by book Philippines has a lot of advantages... that others don't see it, which is as a Filipino, is very saddening...

[@yevonsama]

but why? Phillipine is the islands' country. How about wind electricity?

[@globalnetizen956]

@@yevonsama No government planning or policy, let alone the policy was changing every time a new president comes. Kind of a swinging pendulum that's never moving forward. They need a good government which has been missing for a long time.

[@chrisk7118]

Allow foreigners to own 100% of companies with low start up capital requirements. Make bureaucracy faster. Get rid of 60/40 law. Get fast internet, reliable and cheap power.

[@donndelfin1312]

Only love for Vietnam from the Philippines. I love Vietnam and would still be happy if it goes to Vietnam very good People and they have much love also for the Philippines.

[@phamtuanthieuquang6677]

Looking forward for a future, where we see the world as a whole and resources are for everyone and don't have to compete each other but rather helping and sharing. Until that day, we each could only do our best to be raise, but please remember, we could always raise together in peace I still remember those many prays from Philippines for Vietnam during the disaster years ago, right after they had suffered it, they thought about the others, and I would carry it on whenever there is a discussion that involve both Philippines and Vietnam

[@shelfrobthomas449]

Vietnam is technically a communist country which easily decide on a matters that concerns its global economy, which is exact opposite of the Philippines which has to much bureaucracy and lobbyist in the congress of both house and the senate, added to that are crook Oligarchs who controls the critical and sensitive utilities, and infrastructures. Philippines needs a strong man that had strong political will to changed the rotten system of government. The Constitution is also a big factor that needed to be overhaul as it is not align with modern days. The only right thing that Philippines have is not to give 100% foreign ownership of land.

[@christypham3386]

Interesting video. Provides good point of view! VN and Ph are good neighbors. The two countries should trade and do business together.

[@baokhanhhoang3914]

Phi là nước nhập khẩu gạo lớn nhất của Việt Nam

[@Al-iu1nz]

Probably because vietnam are more disciplined and organized than philippine does and im filipino btw

[@fun18222]

Very well said appreciate it you're honesty

[@arisjaylapizar7601]

The issue of generational corruption and cronyism also affects the Philippine business sector

[@rjgonzalez9220]

Proves that high growth felt by the masses doesnt mix with corruption no matter what country.

[@HungHoang-uf7ob]

Vietnam is also dealing with corruption

[@andreinnguyen3929]

if u notice, Vietnam and China always top in world about corruption.... they having similar system for corruptions

[@JosephSolisAlcaydeAlberici]

The Philippines doesn't allow 100% foreign-owned businesses for domestic comsumption that would have directly compete with locally-owned oligarchs like the Villars or the Sys. Foreign investors are not allowed to own private lands where they could have set up their own manufacturing plants outside PEZA-designated areas.

[@josepanicucci8591]

Philippines will never allow foreigners to own 100% of business PH oligarch businessmen don't want competition & they finance PH politicians

[@shelfrobthomas449]

You are wrong, RA11647 have passed for 100% ownership for foreign investor.

[@josepanicucci8591]

@@shelfrobthomas449 Keep on believing in Marites fake news good luck with your illusions of greatness keep on hoping for nothing

[@shelfrobthomas449]

@@josepanicucci8591 o really sad to say that you are lazy to read the ammended law granting a 100 percent foreign ownership in public service act.

[@fonplain8094]

@@shelfrobthomas449 Yes it's true but it's just recently, so watch out foreign investment in Philippines is booming!

[@samidavis3146]

Climate change is also a factor, the Philippine get smack by typhoons every year is unfortunate.

[@philipmariano1134]

Why and what happened they living the investment in Phil., coz they are afraid the complict with China & Phil. In WPS.

[@georgeloh8257]

Vietnam had had enough sufferness from wars in the past; now, they give priority in developments than wars, so they will do all the possible best to avoid wars and attract more investors to invest in Vietnam.

[@HuyeenChaauNe]

Thanks for talking about Vietnam topic. Filipinos are much kinder than Thai people, i used to enjoy Filipino food and it was amazing❤️✨🥥🥪🍢. The two countries will always be allies and always be on the lookout for the scheming Chinese villain. 🇻🇳👐🇵🇭

[@zethcao11]

It is not about surpassing but to go hand in hand, it is not a matter of competition but it is a natter of living honorably , doing what is right and just

[@paranoya733]

Honor, right & just, are something you earn not something u do

[@zethcao11]

@@paranoya733 you cannot earn something if you don't do anything,

[@Volvo-uv3fj]

when it comes to transportation there are less traffic in vietnam compare to philippines, much wider roads, and the place is clean because their government is very strict when it comes to environment cleanlinest, discipline, and airports have no issues compare to philippine airlines theres so many issues and many complains, that distracted the tourist the government should fix that problem

[@Volvo-uv3fj]

most of vietnamese people have simple living culture they eat natural and simple like vegetables , rice, seafoods they prefer seafoods than pork, beef thats why they protected much of their resources from oceans and agricultural lands and fishermans are many, their biggest land for rice terraces and vegetable farms have much importance for their government because their culture and trade business comes from there, compare to pilipinos likes unhealthy foods like lechon, fast foods, hotels thats are too expensive, and the agricultural lands are decreasing due to for selling, the farmers married foreigners, thats lacks interest in farming agriculture thats why it ends to for sale the lands , and the fishermans decreasing because of the problem in west south philippine sea and the lack of manpower who interest to fish, thats why most of beaches today becomes a private beach resorts and hotels owned by businessman

[@silverianjannvs5315]

😂 look like there is no rules, no regulations & no traffic laws in Vietnam & Philippines....

[@mountainous_port]

A massive exports industry and Agrarian reform, two things Vietnam has that never happend in the Philippines. These two factors are also what led SKorea Taiwan Japan China to become economic tigers. Also, Vietnam is a single land mass, which make logistics and production faster, efficient cheaper per unit compared to an archipelago. And lastly, trade deficit. Philippines imports TOO much! Even salt and vegetables are imported! Phils has a very big trade deficit, biggest in SEA.

[@nassrol]

Those deficit covered by ofw money n thts created a cycle of dependency to export ofw n at the same PH best brains migrated to develop other countries n not PH.

[@khangmaitrong2625]

I played a game called Age of Empire 2. In this game, Vietnam's infrastructure is similar to East Asian countries although being introduced as a Southeast Asian country. We could see VN as a hybrid version of the two regions.

[@quanngo826]

If playing AoE makes you an expert in infrastructure and politics, i would have been the next president of vietnam

[@khangmaitrong2625]

@@quanngo826 Did I say that I am an expert in infrastructure and potilitcs? I only said things that are transparent to anyone that plays this game. Please go live a better life, and don't try to frame people and get triggered by trivial things :)))

[@Nielson941]

VN infrastructures good as east Asia?? Please go to China and see for yourself.

[@khangmaitrong2625]

@@Nielson941 I am saying about the infrastructure in the game such as castle, main hall, marketplace not the ones in the present time. Please increase your reading comprehension before feeling triggered 🥲

[@haduong96353a]

​@@Nielson941 china down now. 1 word: chaos

[@boanguyen174]

No need to look far, just look at the quality of life of Vietnamese and Filipinos, the number of poor people in the Philippines is 26% and Vietnam is 2%, looking at it is enough for us to know which country is richer than the other. There are already more poor people and the Philippines clearly has a better starting point than that

[@jac0007]

If you want to spend 4 hrs/ day on commuting, Philippines is the way to go.

[@henryvuong6781]

Religious issues and fanaticism are also one of big problem that slows the development of the Philippines. This can be seen in the poor, underdeveloped countries of Africa and Latin America.

[@tomhiddleston58]

Important thing. Pho and Banh My 🇻🇳so good 😂👍👌❤

[@bido202]

More . It is very cheap .In terms of agriculture , there are times when the price of tomatoes is very cheap . For 1 dollar, you can buy 40 kilos of tomatoes . Because my parents is farmers so I knew that

[@nguyenhieu1687]

😂

[@nguyenhieu1687]

@@bido20224k 40kg cà chùa? bạn đang đùa tôi à😂

[@bido202]

@@nguyenhieu1687 tôi đến từ Nam Định, bố mẹ tôi là nông dân . Bạn hiểu nó rẻ tới mức thế mà cũng không ai mua là hiểu rồi, nghĩa là chỉ có vứt cà chua đi thôi

[@nguyenhieu1687]

@@bido202 Thay vì vứt đi bạn có thể làm tương cà. Câu chuyện được mùa mất giá của VN k lạ. Vì nông nghiệp tự phát, thiếu chuyên nghiệp, thiếu quy hoạch, định hướng từ chính phủ, chính phủ không liên kết được doanh nghiệp và người nông dân, để nông dân tự bơi. Nghe ông bộ trưởng nông nghiệp trả lời chất vấn trước Quốc Hội thì nông dân VN còn khổ dài dài.

[@nguyenquancong]

Let go Việt Nam and Philippines, we are friends.

[@roquelowelllacaba5312]

Philippines should find means to lower electricity cost, start tapping it's oil and gas resources. It's good the there is no more rebellion in Mindanao. Make CPP- NPA-NDF illegal.

[@yevonsama]

every country has their advantage and disadvantage. - Before 7th century, Funan kingdom become wealthy because the Sea-Silk Road when through their territory. So they can sale the supplies to these traveling ships. - During 17-18th centuries, Dang Trong kingdom become wealthy because they realized that Japanese and Chinese were improving their trading, while Chinese government is banning them from trading with each other. So, they need a port that play as intermediary role. Dang Trong understand it, and turn themselves to become that port. - South Vietnam never become a farming field until they know how to change that huge swamp into a farming field. - Britain's fields only become farming fields when they know how to improve their farming technology, to use this fertile soil. In summary, Phillipine need to think more clearly about their advantage and disadvantage, and how to use them.

[@2asek]

Im not surprised next to infrastructure and cultural aspects Vietnam is focusing on domestic industry and high-tech by bringing investors and knowledge to the country meanwhile the Philippines is focusing on overseas workers. Well done Vietnam 👏🏽

[@ueihgnurt]

There something people want in VietNam than Phillipines. It's safety. When people have too much freedom they get cocky. Protest and weapons usage in Phillipines are big threat to Facility. You can compare Vietnam's security to Japan. maybe a little less but still higher than other. if you see an Uber Driver he might be a policeman.If you see a homelessman he might be a policeman. If you see a bussinessman sitting on the coffee table.well he might be a policeman. If you're a criminals you're not even safe in place. Some children even volunteer to join the Civil Defense force. They can be anywhere.

[@havu-oj4qh]

There are no children in the civil defense, they can report your behavior to the police

[@ueihgnurt]

@@havu-oj4qh Are you sure there no children in civil defense? I know because I was in the civil defense. Some of the homeless children and children in poor family can't afford money for educating. children above 16 y.o can choose whether or not they can just go to work or keep studying. Civil Defense doesn't force children to join. They joined themself to get as much money as they can in their age. Also some of them doing it so they can get properly educated after they grown old enough to join the millitary. I bet you live your life in luxury so you never know what happen in the world outside your cage.

[@ueihgnurt]

@@havu-oj4qh it's not like people forced them to join. They can do whatever they can. it's their human right. Forbid children from surviving like what you say is crime. There are plenty of jobs that they can do in their age. it's bad that's some children can't go to school. But some fam's conditions can't afford it for them. And it's happened all over the world not only in Viet Nam.

[@tydengr]

Vietnamese smarter - look at Academic competition.

[@2asek]

Yes at PISA ranking Vietnam is top 10 while Philippines is one of the last next to Dominican Republic and Kosova

[@mantahoan4999]

Chúng ta đi lên từ tro tàn chiến tranh tàn khốc nhất lịch sử thế giới với những nước hùng mạnh nhất và chúng ta vẫn đứng vững. Đó là giá trị và thành quả những bậc tiền bối bảo vệ đất nước để lại

[@tuanz8009]

Đó chính là bộ não

[@phucbi5253]

Tiền nhân đã nói "vị trí địa lý khiến Việt Nam phải trở thành cường quốc, không còn cách nào khác. Nếu không chúng ta sẽ mãi mãi làm culi cho các cường quốc"

[@Dominus_Potatus]

My guess: closer material resource stable climate (as in weather)

[@catoftruth1044]

educated population doesnt mean anything if you cant be innovative and be entrepreneurial

[@itsjustMEemsni4771]

Ph-VN is really a friend ❤️ since then

[@johnreton696]

Vietnam will always win because of its proximity to China and they have low electricity cost. Unlike philippines

[@sunji558]

You are Chinese ?

[@sampinto3079]

Philippines speaks english well. however, they don't show quality nor pride in their work. Also the traffic situation is getting worst from worse. How can trade move if you can't even drive thru an exclusive village? If I were a foreigner I would not set up shop in NCR but the provinces and hire the locals there. Metro Manila is just too congested. Also the fruits and vegetables have become too pricey so people tend to eat pork and there goes your health.

[@windytran5222]

I love Filippino, they are friendly and speake English very well. I am from Vietnam ❤

[@villamorgallevo9578]

And toxic

[@haduong96353a]

​@@villamorgallevo9578 and eat a lot fast foods and pag pag. i hope they stop. keep heathier like Viet foods

[@villamorgallevo9578]

@@haduong96353a don't you worry bruh... We have plan to reduce our general poverty rate percentage to less than 5%

[@vman7869]

@@villamorgallevo9578 Too bad the Vietnamese already did it. Years ago, in fact.

[@MM-NolascoPH]

05:04 Yeah...but we needed more so we can finally FEEL it. 05:10 I don't know... Unfortunately, yes (unless we finally do something that really improves our country...So...) You can call me pessimistic or so negative or anything...but of course, we know that every country has to do something to make sure they maintain or improve anything (in this case, the Philippines).

[@chimhuka]

Investment in the Philippines is mainly from China, while in Vietnam, China accounts for less than 10%.

[@summervallejaverde3452]

Honestly the only reason why investors wanted to invest in Vietnam is the expensive electric bills and the labor standards. I am in a business sector and I agreed with my colleagues in the business that it is hard to invest in the Phils. with this major issues even all the advantage and comfortability to do business inside will hindering the investors appetites to do so.

[@nict5828]

Then they should invest in Cambodia. Cambodia is cheaper than Vn

[@twilight6460]

​@@nict5828 Cost is not the only consideration. Vietnamese are more skilful and more productive than Filipinos and Cambodians From : Singapore 🇸🇬👲

[@franklimsaboso8296]

My country has no gas production it depends on gas producing countries. We are poorest in asean😢

[@moymoythehappymonkey3155]

Having huge oil or gas reserve is not a guarantee that the country will become rich. Look what happened to Venezuela, it has the largest oil reserves in the world (larger than Saudi Arabia) yet it is poorer than the Philippines.

[@havu-oj4qh]

@@moymoythehappymonkey3155 Venezuela is embargoed by the US

[@l.j.g.tolentino9534]

You didn't cover foreign business ownership.. A foreign business investor has to give up a staggering 51% of the ownership of HIS OWN business to a Filipino to be able to do business in the Philippines.. does Vietnam have such laws?

[@phanhuyduc2395]

Vietnamese goverment only controls key resources like Electricity , Water , Oil , Coal etc , in all other industry even Banking you can have 100% ownership of your business.

[@tuanz8009]

In Vietnam. 100% ownership for foreigners.

[@sunji558]

The business is 100% owned because it creates jobs for many people, the Government only collects land tax.

[@zirdnnaaehb]

Its all about Logistics. Phils is an island and an importer country.

[@markn6941]

One of the main reasons manufacturers are moving to Vietnam are the country's ypung people's IQ.

[@wwlee5]

Well ...errrrr, a lot of exports from vn relies on china to provide the resources mainly metals and wood. Even if foxconn opens up, the competitive profit margin is eaten up quickly by freight from china to Vietnam before the cheap labor comes in...and it's no joke.

[@zirdnnaaehb]

@@wwlee5 errrk, go check your Map again. Its all about logistics, not to mention Phils. Internet speed go figure.

[@adylylylylylylyly1848]

Nah, i wont watch it till the end. I know which country is better/won 🇻🇳

[@zereprotsenzerep652]

UNFAVORABLE BUSINESS CLIMATE LIKE EXPENSIVE LABOR AND POWER SINCE WE IMPORTING OUR OIL OVERSEAS WHICH WE CONSUMED MUCH MORE THAN 400 K BARRELS OF OIL PER DAY THE RESULT WILL BE HIGHER ELECTRICITY BILL AND MINIMUM WAGE ARE MUCH HIGHER THAN VIETNAM SO WE ADMITTED THAT VIETNAM ARE THE WINNER AND YEARS FROM NOW THEY WILL BE THE SECOND BIGGEST ECONOMY AFTER INDONESIA.CONGRATS TO ALL VIETNAMESE PEOPLE WE LUV YOU AS ASEAN BROTHER

[@leonortenorio6604]

are you sure your not veitnamese hehehe flattering himself...

[@zereprotsenzerep652]

@@leonortenorio6604 tga dito ako tanauan city

[@leonortenorio6604]

@@zereprotsenzerep652 no comment... let see after amendment of Ramos epira law and arroyo near end national Grid contract to china... electrict problems not the consumption of oil but the law and the previous govt contract related to electricity... both veitnam and phillipiness are not oil producers..

[@tuanz8009]

Stop bragging. It’s so embarrassing and cringe.

[@borgerandyzaro7045]

Thy why aquino closed Bataan nuclear power plant to his ambitious in power..

[@Miss_Hannah]

It simply because Philippines has FDI restriction for many decades until now the 1987 constitution that protecting Filipino 60 % Filipino ownership and 40% foreign ownership. I hope this 1980s constitution to change by Government

[@Erv_yeah_iii]

It will surpass

[@duongnhdn]

I think the only advantage of Phillippines is the language. Maybe I'm biased toward Vietnam because it's my country but who knows.

[@donnlowel2387]

Philippines golden days has already pass many years ago and it will be hard to recover from it. They say opportunity only come once in a lifetime.

[@paranoya733]

Any country with socialist background knows how to keep everything cheap or affordable: energy, foods, waters. Government need to be small-business pro, micro business pro, build venture capital for small business, etc. Country like PH mostly adopted capitalist from US colonizer where oligarch holds the market price, not so much for small business to upgrade, they depends and focus on FDI or bigger business only.. PH need to upgrade small business! and this will require government efforts & regulations! change your FDI (foreign direct investment) mindset to DDI (Domestic Direct Investment)!! Learn from China, Thailand, Vietnam, Indonisia where their government support SME from local venture financing local products with no asset underlying. Nothing's wrong with FDI, but if u can develop your DDI more is better and once they become big backed them to invest in another country, when small business go to next level they will employ more locals and create more jobs, that's the right mindset

[@tatakesh4669]

We have the human resources our demographic is good english speaking population but why were lagging behind apart from what you have mention is the insurgency problem investors are thinking twice to set up business coz of security issues hope time will come that lasting peace will become a reality..

[@eddiebrock5408]

Philipines human resources among stoopid in asean hdi is only 699, vietnam hdi 701 higher than pilipines

[@eddiebrock5408]

Philipines human resources among stoopid in asean hdi is only 699, vietnam hdi 701 higher than pilipines

[@natsumidesu8019]

@@eddiebrock5408 chill Eddie Brock keep your cool, always smile and keep calm life is too short for argument stay happy and 😎

[@JC0820]

@@eddiebrock5408 If both countries have the same level of ease of doing business, infrastructure, fiscal policy, and energy costs, a two-point difference in HDI is not a big deal. If I were an investor, I would choose the Philippines over Vietnam because of its English-speaking and young labor force.

[@kabalastugan4439]

Incompetent government

[@godministry75]

While the west and other regions in the world enjoy their progress, the Philippines is trying to build everything from scratch.

[@jirou6228]

So is Vietnam

[@terrychu9484]

Thank you for briefing the facts

[@godministry75]

Corruption really hurts the Filipinos. Philippines will progress if we elect honest and God-fearing leaders.

[@ainsleyfrastructurekpopmashups]

Yes, so Filipinos will Elect Isko Moreno, because he is Honest President.

[@villamorgallevo9578]

LoL we need disciplined, and educated population with competitive mindset and integrity.

[@cebuelitemachinesinc.1995]

Vietnam don't believe in God at all.. haha

[@havu-oj4qh]

election= agreement of oligarchy

[@YokeSiewHan-kt2ci]

How about climate, natural disaster and weather conditions in both countries.

[@ravenli3807]

Because Vietnam has own oil and Gas makes Cheap electricity consumption unlike Philippines has expensive electricity

[@natsumidesu8019]

True

[@wasss3745]

Yes philippines is dependent sa oil that is why mataas ang inflation natin kesa Vietnam

[@hungkieu666]

Its called Socialist oriented economy in which State control Water, energy, telecommunication, internet, bank through state-run enterprises in order to create a favorable marco environment for FDI and economy to boom. These state-run enterprise usually operate at huge loss but they greatly raise the convenient of doing businesses and reduce cost for VN

[@2eu_Aduno]

Là một người Việt Nam, một đất nước ảnh hưởng bởi nho giáo. Luôn chú trọng đến việc học và chăm chỉ làm việc, thành quả của ngày hôm nay là nỗ lực rất lớn, phía trước vẫn còn nhiều thách thức và cơ hội. Việt Nam đã gạt bỏ mọi hận thù, gác lại quá khứ để hướng đến một thế giới hòa bình và thịnh vượng.

[@twilight6460]

Yep. Confucianist societies tend to do better. Examples are Korea, Japan, China, (including HongKong and Taiwan), Singapore and Vietnam too. From : Singapore 🇸🇬🤠

[@reynaldojrdelarosa8313]

Dahil sa mga political problem before,nagkaroon ng bad image ang bansa dahil sa mga kudeta dahil sa kagagawan ng mga traditional politician..

[@xxxx2228]

True. Corrupt and power hungry politicians. Yan ang dahilan bakit di umuunlad ang Pilipinas. Nagi na tayong Banana Republic. Kakaunting mga pamilya lang ang nakikinabang sa kayamanan ng Pilipinas.

[@l.ignasio7326]

1 small thing i should add into the list why Philipine fall behind VN is weather climate, for investor it''s a big no no for the productivity.

[@edwindelacruz7357]

The possible reason why investors prefer Vietnam over the Philippines might be cost of maintainance and salaries.

[@jerryle379]

How much a factory worker made in philippine ?

[@janchxxheonczsekk6412]

Phippines per capita income on average is about $3700 USD per year. For Vietnam, income is over $4,100 so it's over $400 more. It can't be salaries.

[@paranoya733]

Don't forget petrol prices the most impact for logistics! PH still one of the highest petrol prices in southeast asia, vietnam is cheaper

[@ainsleyfrastructurekpopmashups]

@@janchxxheonczsekk6412 Vietnam might be the First to Enter Upper-Middle Income Countries, this Year, hoping the PH, should too, please grow the Economy 10%,, BBM, Economic Reforms Please!!!

[@evernam993m8]

@@ainsleyfrastructurekpopmashups don't forget to control the inflation, or else your high growth will be meaningless.

[@nguyentuanhung951]

Tôi nhớ không nhầm đã có 1 cô gái Philippines là quán quân Vietnam idol!

[@georgelopera6290]

The Philippines electricity is so expensive no foreighn investor will thrive!

[@tommybabauta3706]

i agree