10 to 20 years!? If you can wait that long then the western SEs are the way to go. A corrupt oppressive communist regime will never match western financial markets.

11 hours ago, Nout said:

10 to 20 years!? If you can wait that long then the western SEs are the way to go. A corrupt oppressive communist regime will never match western financial markets.

I dislike communists as much as you, but Vietnam has stopped being communist long ago, just like China.
 

They’re not a free market economy though, but neither is Thailand?

11 hours ago, Barnabe said:

A cutback in mass tourism with a part of it shifting to Vietnam is not necessarily bad long term for the Thai economy.
The kind of mass tourism we have in Thailand is not really sustainable from an environmental point of view, creates an undesirable dependency on tourist money (as it is evident now) and makes many places unliveable.

They can aim for a higher class of tourist, less people who spend more money or stay longer, and shift their economy into other sectors.

 

Now whether they will do this or find another way to adapt it’s another story...

 

 

Just came across some evidence of this in the Bangkok Post:

 

https://www.bangkokpost.com/thailand/general/1980331/park-closures-to-become-annual-events

15 hours ago, Barnabe said:

A cutback in mass tourism with a part of it shifting to Vietnam is not necessarily bad long term for the Thai economy.

Tourism is not the only thing shifting to Vietnam.  

 

https://vietnamtimes.org.vn/more-foreign-manufacturers-move-to-vietnam-amid-covid-19-pandemic-19842.html