Vietnam

“The moment Indians get some money, they, the next destination they think of is Vietnam or Thailand or somewhere else. It's always outside India, and we question saying, why is it not within India?”

“I think the first schism was really during Vietnam, where people felt like they were lied to about the war. It drove a fundamental schism between academia and defense. And that we've never really healed from that schism.”

“We backed him day one when he launched his own fund, Composite Capital. Within two years, he had stopped investing in China and pivoted his portfolio hard towards Vietnam.”

“If you are a twenty billion dollar endowment and need to write a five hundred million dollar check into that market, it's not possible.”

“And so they've learned a lot of lessons and you compare that to the Chinese military. They don't have a lot of experience. In fact, the decapitation they did in the Chinese military, the one guy they took out was the one guy who had experience in Vietnam. So t…”

“So, so we see Dutch companies also moving to countries like Vietnam or Malaysia, Thailand. So there's also international competition. It's not only within the States in India, but there's also other countries around that, That vie for investments.”

“One thing I appreciate about American cultures, the willingness to be open and vulnerable. Because in my experience living in other countries, I've never seen anyone do that before of the companies I've worked for or worked with in all name called China and Vi…”

“And one of the trade deals that has been finalized is Vietnam, and there's a special carve-out for goods that were trans-shipped from China through Vietnam, so they are clearly focused on China more than almost in, you know, any other country, rightly or wrong…”

“Vietnam has had this manufacturing boom for the last five years, about 20, 30% growth annually each year. Their currency is the Vietnamese dong, and it's pegged to the dollar. It hasn't appreciated it at all”

“It's mostly Chinese manufacturers. So talk about that. This is a very important point. Yeah, it's mostly Chinese companies setting up setting up an entity in the country, hiring many cases actually getting the workers that have to learn Chinese, Vietnamese wor…”

“There's a lot of tariff washing, right? They're sending the stuff to Vietnam. It's getting completed Vietnam. It gets sent over. They're sending stuff, sending parts to Mexico. It's coming through NAFTA.”

“I think it's very possible they'll get some concessions from Vietnam or concessions from, you mentioned Sri Lanka or wherever. They'll get some concessions. And the whole press release saying, look, it worked. We got our concessions and we won. The tariffs are…”

“So if you want to start working with a manufacturer in Vietnam, you literally have to go to Vietnam and find the manufacturers and good luck getting them to respond to emails and phone calls. You have to show up at their factory and say, hi, I want to do busin…”

“There's also, if you're using the word resilient, you know, that can include other countries that are allies. It doesn't have to be on the shores of the U.S., and I know people who in the first Trump administration were told to diversify away from China, and t…”

“Vietnam is, look, it's a communist country. It's, it has bad mercantilist policies, but it's not planning to take over the world. And so at the margins, if we can move things from China to Vietnam, that's a big win.”

“So you're, all your goods are going to go up by 25 to 30%. So that's inflationary, right? So if you thought, you know, inflation was bad before the price of eggs and all this stuff, well, wait till Christmas season comes and nobody could buy a toy because all …”

“Most likely what's actually going to happen is like, he's like, you know, we tried to do this in Trump's first term, and all we did was make Vietnam great again. Like basically this manufacturer just shifts to one of the other low-cost Asian countries that has…”

“So we're gonna hear all these ad hoc negotiations going on, some of which I'm sure, like Vietnam, he'll declare victory on even before we get to April ninth, because they've already capitulated on a bunch of tariffs.”

“Military medicine hasn't really changed much since Vietnam.”

“And I came back and next week they announced a 20% cut in the number of people involved in regulation so that they can be competitive, you know, with the rest of the world.”

“Vietnam's the second largest coffee producer in the world, but just in the past five years have started to have high-end beans.”

“I would predict, and I don't have any evidence for this, but my intuition tells me I would predict some tariffs on other countries besides just Vietnam, that a lot of these people think they have a safe haven for their products, but maybe we'll wake up to a ru…”

“So the interesting thing is in India is the only country in the tropical zone where you do roughly around three hundred and fifty million cases of heart liquor, considering you also country regular spirits also, and about the same quantity of beer. But if you …”

“I would argue that Vietnam is has a more homegrown economy and therefore doesn't have as much international tourism as Thailand does. That partly influences my thought. Like Thailand has a, probably a better market if you were to set up a, you know, tourist lo…”

“I think you are going to see plants that get built in places like Vietnam and Japan. I think you are going to see them get built in India. You're probably going to see some attempts in the Middle East.”

“So I think for example, Andreas and Horowitz first investments in Norway was an antler company. White Combinator's first investment in Vietnam was an antler company.”

“But for now, I think we're sort of firmly in in Vietnam and India with still a little bit of production in China.”

“Nas Daily has sixty-five million followers. Thirty million of our followers don't speak English. They cannot speak English. We have two million followers in Vietnam. That's two percent of the country, and I don't speak a single word of Vietnamese.”

“Like most hardware companies actually die with a bunch of stuff on pallets still in China or Vietnam or wherever they're being assembled.”

“I do think Ukraine is on track to become potentially the next Vietnam or the next Iraq.”

“About 80, 85% of All the equipment that was being installed in the U.S. Was coming from those four countries, and given that we don't make much stuff in the U.S., imports are massively important”

“Oh, the talent is, I mean, that was sort of the, we've got, I mean, on par with, you know, the best engineers that I worked with at Palantir and at Blend, and what's cool about Anduin was they were a pioneer, like, Who would have thought that there would be th…”

“The thing that happened when production moved to offshore with a lot of companies is that they also forfeited their design to those companies, to those manufacturers. I called it the Vietnam melting pot of design. It's this forfeiture of brands, unique designs…”

“In fact, at the most intense part of negotiation, our factories were shut down because of COVID.”

“So when I went to Vietnam, I only knew one person and that person is now an investor in my company. But I met him in Shenzhen actually at like a private dinner party for like crypto bros.”

“45% of my factories didn't make a shoe for three months. So I, we grew 20, ah, 30, 31% last year. We are up 43% coming into that, that, that, you know, product issue”

“There, there's sufficient identified in reserves that we don't actually need new discoveries of it. It's just that most of that is in China or Vietnam.”

“The adoption agency that still hadn't been, we still hadn't been able to get out yet, and so about five days before, I left and brought out and helped to bring out about our remaining 20 children or so.”

“We fish for shrimp in the Gulf of Mexico. We transport those shrimp all the way to China and Vietnam, where they get deshelled, and then put them on other boats and ship them all the way back to us.”

“It's firstly not even feasible today, for example, to make a t-shirt in China. The labor costs are just too high, but it is feasible to create a factory for garments or for washing machines in Bangladesh, in India, in Vietnam.”

“We own a company in Vietnam. It's an IT outsourcing company, and the company cannot hire enough developers to meet demand, so they're growing 25% a year because they can only train that many developers”

“So we have about 40% of our book in India, and it's the fact that ultimately we are looking for great companies that have long runways to really compound capital, and today India is a deeper market. There are more than 3000 listed companies, and so our ability…”

“If I were to turn the clock back on China, 3040 years ago, that's exactly where Vietnam is today.”

“For example, the largest exporter of Vietnam today is not shoes and t-shirts and it's actually Samsung. Samsung doesn't produce smartphones in China anymore. They do produce them in Korea, but the low and medium end phones are now produced out of Vietnam. The …”

“About three quarters of the Vietnamese stock market, maybe a little less now, are state-owned enterprises, which again, we struggle with from a governance perspective. And then of the remaining balance in Vietnam, many of those have hit their foreign ownership…”

“Workers, Which in the U.S. Have not had a real increase per hour work since the mid-nineteen seventies, can you believe, where even dopey Europe has more than doubled, and China and Vietnam has more than ten-tupled, and so on.”

“When I look at the startup ecosystem in a given country, let's say Vietnam, for example, they generally are not building for a global audience. I don't just see this in Vietnam. I also see this in Japan and Korea and Philippines and most Southeast Asian countr…”

“We primarily source our talent in South America. We primarily source our talent in Vietnam. My business partner is actually Vietnamese and also the Philippines.”

“Places like the Philippines, Vietnam, Bangladesh, Mexico will gain as a result of that kind of second location as they scale back in China and scale up there.”

“Four folks here in Hoboken. We have four in Canada, and then we have a development team of 15 in in Vietnam.”

“And that's why, you know, the Philippines and India and Vietnam, these countries that have the most such special economic zones are among the fastest growing countries in the world.”

“So we've got overall about 130 employees. We've got 40 in Vietnam. We've got about 85 here in Atlanta, and we've got a small but growing team in London of sales executives focused in the Europe market.”

“2016, well, revenue is in a million digit figure we have a team of 15 the majority of the team is based out of Vietnam, and probably important there to know also, to anticipate also your question, it's a bootstrap business. So we didn't go for a venture fundin…”

“Today, the largest profit pool for Heineken is Mexico, which they bought through the market of FEMSA. The second most profitable market in the world for Heineken State is Vietnam, which they grew Greenfield that didn't even exist in their portfolio in 1994.”