The school of economics Ho Chi Minh City

This was our first business visit of the trip and it was an amazing way to kick it off. We mingled among theirs students and then broke into groups with them. Their professor then gave a presentation about Vietnam economics and the problems that they are currently facing. He than presented us with four questions and assigned each group to answer one. The first question was what were the main factors for Vietnam for the increase gap between labor work force increasing but not the GDP? This i believe comes back to the education of the work force now. However, I feel like this gap will start to shrink in with the up coming generation. There has been 98 new universities built in the past 10 years. the quality of work will increase with the more education the young Vietnamese receive. The next question was If the economy started to fail and the government did nothing, who would intervene? This was my groups question and i was actually the one who got to get up and present our theories. I believe that the foreign  investors would intervene. These companies already invested money in the success of the country. They would want to protect their investment. In most cases it is cheaper to try to improve your investment and not abandoning it and losing more money. The example we used was the economic crises in the United States. China was willing to soak up a lot of our debt to help try and protect their investment. The next question was how does Vietnam fix the rate of inflation? They would need to increase interest rates. This would be to motivate citizens to start saving money and take less loans out, This would decrease the amount of money in the spending pool. The last question was "what are the obstacles for developing Vietnam?" Most of the obstacles were already addressed in the previous questions, but there were a few loose end that were tightened up. The main obstacle is the inefficient transportation system. It is difficult function efficiently when all your work force and products and wasting large amounts of time in traffic.

The information was amazing, but the best part of the visit was working with Vietnamese., They are so friendly. We will going out with them through out the week while were here. Tonight we are going to a karaoke bar. apparently this is something everyone Asian person loves. Maybe I will even get up and try to single. So as i feared, I struggling finding food I can eat. There is no fast food here at all, but so far it has made every meal a journey to find.