Atma Nirbhar Bharat will fail in our country. This is a harsh truth to be accepted. In 2019 and 2020 China threw a pandemic called Covid as a challenge to the whole world because of which not only our health but also the economic sector can fail that is how it emerged but the companies that are establishing after three years have not even found their footing. Accordingly Vietnam is seen as an alternative to all countries. This video is not meant to insult or criticize our country but in an effort to explain how Vietnam is changing to the world in the development of economic matters. Let us see and learn have you seen where they are coming from when buying until now they mostly came to our country from China but after 2020 the situation will change and Vietnam will supply them. The shoes we wear every day are coming from there we are making shoes that are made in Vietnam and in our country exactly half of that if our country economy declined by six point two percent during the covid period Vietnam also defeat by 2.8 percentage at that time but the situation in 1970 would have been much worse.
Due to the wars between America and China, at that time 70 percentage of the population was barely able to eat or starve. The gross network at that time was only 200 to 300 dollars. All this was once a saying that Vietnam is the capital and attracts tourists as the brightest city our country is known as a socialist country for innovation but Vietnam was also a communist country. At that time the influence of the USSR was high so there was no possibility of doing any private business in the country without the permission of the government for 30 years after 1990, the government encouraged private businessmen tremendously. The government also invests some private companies and expands the business with the participation of private individuals. Private partnership is not words. It is a kind of farming from the place where the seeds are planted, the sprouts come flowers, fruits and nuts come until they are sold the trader does not get a single penny. Vietnam has taken a leap What has Vietnam done for the people how Vietnam has developed First of all the matter of tax Tax
In our country corporates pay 40 percentage tax but in Vietnam only 20 percentage but in some special sectors it is less than 17 percentage also any infrastructure in agriculture, education, health should be conveniently available to the people now realizing this truth Vietnam strengthened these and Vietnam believed that the economy can be strengthened only with private participation. Skoda gave tax concessions and incentives to companies that developed human resources there is no country, for example if Vietnam sends apples to Europebthere is no duty to buy them also if Vietnam buys any goods from Europe there are tariffs on them. The prices are available. In fact when we buy an apple we also have to pay tax on it. In that case there are very few consumers. How is India’s situation agreements have been reached there was no real compromise in that, but while Vietnam has 8 trial india has a deficit of 273 billion if it is behind by 3 billion dollars Vietnam is expanding forward by 8 dollars there was a war between America and China.
China is at the first place in the matter. China can become super and dominate America but America did not like this so they started trade war. The differences between these two became very favorable for Vietnam geographically the distance between China and Vietnam was very less and then the investers has got the time and they will invest and earn more from company and not only that Chaina and Vietnam has same similarities like only one constitutional government It will protect the investors in their business I mean here is the point is it understood that the regulations imposed by one government after five years may not exist or change in the government established by another party after five years and it may cause loss to the investors. These problems are not in Vietnam but in China. Therefore if some companies move from China to Vietnam some other companies established in China at low cost are established in Vietnam at even lower cost this is called China One Plus Status. Why should we not compare one country to another country.
Especially the youth, if there are 55 percent of the youth in Vietnam, there are 52 percent of the youth in India. The youth is very important for any country. They are the backbone of the country. Whatever they want to achieve they achieve it when they are young. Liberalization private participation foreign investment many changes have taken place due to this job opportunities have increased salaries have increased people shopping habits have changed some related companies are established in Vietnam. America knows this fact. If the relationship between America and China deteriorates the impact will definitely affect Vietnam. Vietnam and China are doing something different in this matter that is why the four hundred percent tax on steel imports has been increased but here is an important point. It should be noted that in terms of Chinese goods Vietnam will definitely be the only direction until another country competes with them. Similarly the news that the same Adidas company is setting up its manufacturing plant in Tamil Nadu has been buzzing for a few days and atma nirbar can be considered a key decision and change in India some best company is starting its chips manufacturing in bangalore but it will take a long time to bring all these to the market and get our profits
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