I recently observed that Vingroup, the parent company of VinFast $VFS is divesting from its core retail operations to "focus on high-growth" sectors.
What does this signify?
It indicates that the risks associated with conducting business in China and Vietnam due to corruption are so significant that they perceive greater "success" in selling a few EVs globally. They deem capital raising on a global scale less risky than involvement in their domestic credit market.
In reality, any real estate developer is constantly at risk if not favored by the establishment—consider Trump (Western outlier).
Jack Ma is no Bezo's - Exiled
The problem with big government intertwined with cronyism is that as soon as you gain any momentum, the vultures swoop in.
And since your competitive advantage relies on nationalized licenses, you have no other choices or options.When they look at their offerings, they conclude that the only thing they can do is produce 'Made in China' EVs—it's not pretty.
The Rich Get Richer
It's mathematically amusing to consider that a US y/y 3.X% GDP print equates to 45X Laos's real GDP. Now consider the high growth figures you will typically get from EM or Frontier yet G7 is literally getting these countries GDP in mere days and weeks.
Life is short; let big government rebuild a nation. You cannot sit around and wait.
Policy is not your choice.
Where it becomes safer and lucrative to speculate on the financialized West. Gaming Reddit's IPO using sheer meritorious intellectual acumen…
Yesterday, a note was sent at 2 pm indicating expectations to see new all-time highs and predicting that on Wednesday, we will be up for the entire week.