Mr Jupiter argued that since all Communist bureaucrats lied, it is
impossible to believe what they said so this thread about economic
growth in Vietnam is a waste of time and of no use because no
accurate data are available

I forcefully disagree:

Let's say that I am a Banker and Mr Jupiter a boatman who wanted to
borrow money to open a Business. He has to prove to me that He has
the 3 C attributes i.e., he has #1, character (credit
worthiness)i.e., He had not stolen , owed anybody money or was in
bankruptcy, #2 Collateral, i.e., an asset like a house or a car in his
name and paid for or at least with enough equity so that it will hurt
him if they were to be taken away from him and #3 cash on hand to
operate the business at the beginning. Having all of that , I will
lend money to Jupiter even if in my heart, I know ALL boatmen are
potentitally thieves.

Many Boatmen overcome this stigma that they were suspected, a
priori, to be thieves and parasites and often rightfully so. They
successfuly overcome this prejudice by proving to lenders they have
the 3 C prerequisites, opened businesses and made a good living for
themselves .

The Vietkong before and at the beginning of Doimoi was like the
Boatman before being tested. He is suspected to stealing, defaulting
before He opened his mouth. He had the propensity to default on loan
i.e., exactly like the typical boatman who does not make House or car
payment. He was slow on payment and sometime he has to ask for loan
rescheduling. Mr Cao Si Kiem their former Central Bank President
travelled full time to reschedule loans in the 1990s. This had
happened many times in the past , much less now but not guaranteed to
do not happen again but The VC had made improvement on loan
payments. His record is not as good as Malaysia's or Thailand's but I
dare say better than Indonesia's and the Philippines's.
Principal creditors such as World Bank, Japan, IMF, Singapore, South
KOrea were not charitable institutions. The reason they keep lending
money year after year is proof enough to El Chino that they get
payment from the Vietkong.
They have full time offices and representatives in Hanoi and Saigon to
make sure that the VC behave.

Next,is Investment a principal component of Growth. the Capitalists
countries invested in Vietnam about 40 billions dollars since Doimoi.
This is the amount ALREADY invested, not the amount promised which is
twice as much.

Singapore whose maximum leader Ly Quan Yew who was claimed by
brainless Boatmen like Trong Luc, Hytran and myriad others to have
said that the Vietkong just wanted to ambush us, capitalists, to
invest in Vietnam then to steal our investment by nationalization or
outright confiscation, was actually the first to recommend to his
businessmen to invest in Vietnam since the stone age of Doimoi, i.e.,
pre 1990. Presently Singapore, the hardest of the hard capitalists is
the most important investor in Vietnam with 7.5 Billions USD outlays .
They keep investing now although not at same level as before because
of their own economic difficulty and becaue Vietnam had not made
enough reforms in Transparency in book keepings and had not eliminated
built in advantages of state owned enterprises to make the next level
in capital intensive projects attractive. Once this is done, more
investment from Singapore, Japam and the USA will be forthcoming. The
latest negotiation of the US team in Hanoi last week was about these
Transparancy and protected State Enterprises problems.
I do not deny that the Vietkong Had lied and will try to lie again if
we let him do it just like A Boatman would lie again and again if we
let Him. The principal mission of El Chino on SCV is stop them lying.

Now the World has stardard for honesty and Transparency and the
Vietkong had to abide by them. He who paid the piper will call for
the tune. Last week the World Bank demanded the Vietkong Central Bank
to have an external, independent CPA firm auditing their books is a
case in point.


People like Jupiter, Trongluc, Dimension, Hanh Phuongnam are not
necessarily un-educated but they were blinded by their hate of the
Vietkong. I dare say that they are in deep Acute Denial Syndrome.
They like their Brainless teachers of yesteryear Vu Quoc Thuc, Nguyen
Van Canh, Lam Le Tring, Pham Do Chi etc..ignored completely the
writings of United Nation, World Bank , IMMF, Japanese MITI, Pew
Research , Josepth Stiglitz, Armentia Sen, Us Chamber of Commerce, CIA
facts books prefering to believe in anecdotes concocted by their own
side like this story about Le Quan Yew declined to be the Economic
Advisor to Vietnam nd discouraged Sigaporan Capitalists to invest in
Vietnam. HE PUT HIS MONEY 7. 5 BILLIONS USD , WHERE HIS MOUTH IS
SIRS, BRAINLESS BOATYMEN

I strongly urge the Vietkong to completely ignore these impotent
Boatmen who were characterized by a Vietkong dissident Pham Thi Hoai
of Being Sad and Inoperative penis (Zu+o+ng Va^.t Buo^`n Thiu). They
have no money, no ideas to contribute to development of Vietnam. They
have to influence to stop her development from happening. What they
are engaging now in their Media and on SCV was in a Mass exercise of
Masturbation.




"jupiterean" wrote in message news:...
> "Tran Cao Ky" wrote in message
> news:dbc3e1a7.0308081031.6cca8948@posting.google.c om...
> > According to http://lcweb2.loc.gov/frd/cs/vietnam...en.html#table4
> >
> > Between 1980-1985, VN annual economy growth was 6.4%. Between
> > 1975-1980, the growth rate was 0.4%.
> >
> > With the population increase of probably around 2.5-3% annually, the
> > standard of living is actually down between 1975-1980 by around 2-2.5%
> > each year. However, since 1980, the people standard of living has been
> > improved steadily by around 5% each year (today the annual population
> > increase is about 1.5%, the ecomonic growth is around 6-7%).
> >
> > The worldbank forcasts the growth rate of around 7% is sustainable in
> > the medium term. If the policies are moving along the current line,
> > this growth rate of 7% is sustainable for the next ten years, I
> > believe.
> >
> > Speaking of income distribution, go by the international income
> > inequality index, GINI, Vietnm GINI index for the period between
> > 1990-2001 hovers around 35 - 35.1.
> >
> > While the GINI index for Thailand is around 43.8-46-41-43.1 for the
> > period 1988-2001, Philippines 41 -46 for 1985-2001, Indonesia 30.3 -31
> > for 1984-2002, Malaysia 45.2 -42 for 1984-2001 and interestly China
> > 33.5(1990) to 40.3(1998).
>