Tag: Malaysia

Middle-Income Trap

The phenomenon known as Middle-Income Trap is alive and well in SouthEast Asia.

Not all boats rise with the water. Contentment sets in and gets in the way of progress.

Countries like the Philippines, Malaysia and Indonesia are  in this trap.

From a global perspective, they could do better if getting over the hump. Yet people are caught  with false sense of security (just a little bit over the Survival phase). No challenge, no progress.

Entrepreneurs, innovation and R&D? That’s a luxury one cannot afford here.

I went pass a Malaysian Educational Center here in HCMC. Apparently to get to Malaysia nowadays is already a step-up (then Singapore, Australia and/or US).

Vietnam needs to leapfrog to be in the forefront of science and technology, commerce and communication. FDI and Tourist dollars unfortunately landed mostly on infrastructure investment more than talent investment.

Its young people will need more than a dose of legislation. They need role models, encouragement and financial supports (to truly master English for Commerce and not just to pass a required placement test).

Encourage Life-Time-Learning.

Life-Time-Learning leads to Life-Time-Fulfillment. Middle-Income will be de facto results.

My hope and wish is for college students to master life’s skills, and to see the big picture, that of being a global citizen, where Many-to-Many is the new model and Pull, not Push, prevails.

Maybe all we need is time

Time heals all wounds.

It also ushers in a generation, now in high school and college.

Here in Vietnam, students have classes on Saturdays and even Sundays.

Kids of all ages, in uniforms or out of, but always with a backpack, riding on wheels of all types: bikes, electric bikes, scooters, sedans, and

buses.

They shop at night markets where there are food stalls, snacks stalls and magazine stalls.

Life in the fast lane (the only time I slow down is when I jaywalk across a busy street).

I have tried to put Vietnam in a box, but so far it’s been in vain: not scooter nation, not helmet nation, not multi-tasker nation.

I know one clear difference between life here vs in the US: your survival instinct better kicks in quick (Maslow‘s basic need).

Because it’s noisy, dusty and hot, people want to cocoon themselves in A/C  cul-de-sacs.

Common use of language also helps people cope: “choi” (play aspect) is inserted in every other sentence: “choi troi”, “choi chu”, “choi noi”, “choi luon” (upstage, wordy, flashy and go all the way).

Give Vietnam some time.

It will soon get to be a nation of 100 million, whose population is evenly distributed in a bell shape.

The UN person, Mehta, warned Vietnam about the “middle-income trap”.

They have seen it happen with Malaysia, Indonesia and the Philippines.

The trends are there for Vietnam to grow.  Next step is to harness growth to produce desired outcomes. It’s not accidental that the former leader of Singapore was invited to speak here quite often.

He knew a thing or two about realizing a nation’s dream.

Maybe all we need is time. Some watch trains go by, all of their lives. Watching and wondering how others met and make it last. (courtesy of Stephen Bishop).

ICT talent in a flat world –

re-post from 2011. This past year, things are getting heated up with “friend-shoring” chip manufacturing with Biden’s visit.

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If it hadn’t been for the slightly warm temperature, the water bottle that bore “QTSP” (Quang Trung Software Park) and the simulcast headsets, I would have thought I was back in 2005 at  a similar conference in Palo Alto. But this was Vietnam.  With speakers and delegates from Malaysia, Thailand, India trying to organize into a ICT block. “We competed with one another too much, selling to each other too much”, said a Thai delegate.

Instead, SEA ICT parks were urged to organize and synergize.

A message well worth noting and worthy of praise.

Except, Thailand just went through a century flood (at the tune of 46 Billion)

and Vietnam ICT college enrolment grew at meager pace of 2% (demands are calling for 12 times that).

I kept hearing the word “disconnect”.

Schools weren’t up to task for mobile, gaming and cloud computing.

Consumers just wanted to “use” technology, no matter where it’s from (mostly likely the West, but outsourced to the East and then repackaged and rebranded).

I worked the crowd, and walked the hallway.

I shook hands and met people at the booths.

I was behind those booths many times while at MCI and Teleglobe.

Now, it’s their turns.

Eye contacts, business cards in hand, and promise to keep in touch.

Right!

I said I was into softskills, not softwares.

They understood immediately.

Quid pro quo.

You teach me some, I teach you some.

We can send foreign teachers of every shade of accent for you to be exposed to.

Of course, at a very low price.

Accents are cheap.

Words are cheap.

Human connection: invaluable.

I lifted one guy’s spirit when I mentioned that companies like RightNow could still command a very high price, having been bought by cash-rich Oracle.

So the young and the younger got along, hand shakes without high fives.

Welcome to Vietnam, Welcome to the flat world.

Let the game begin. Somehow I know those guys behind the booths will turn out very OK, more than they now realize.

I have been there and I know.

They will hit singles and one of them will hit a ball way out of the park.

Just a numbers game.

Just a right mix of pressures, opportunities, collaboration and market demand.

Keep pitching

Keep selling.

Keep inventing.

They’ll come, even if it takes a huge flood to “flush” them out.

Currently wages pressure has turned to demonstration in China.

What are we waiting for? Someone else’s crisis, our opportunity.

Ironically, that double-meaning character was originally Chinese, now came in full circle there.

ICT talent in the flat world. ICT talent in Vietnam. I like it.

Saigon in motion

A couch floats down the river right pass Bong Bridge a while ago.

As of this edit, there was a “hot” clip about police trying to stop a girl from jumping to her death on another bridge.

Vietnam still has to battle with forces of nature, (typhoon Utor) and economic pressures  (bad debt).

Here, before the rain stops, people already start moving.

A poncho, two people. Total trust. You drive, I ride.

Street vendors spread out merchandise on tarp, just to wrap them up five minutes later.

The lucky few zoomed by on Toyota Runner or Lexus.

Progress by osmosis.

Henry Ford reincarnated will be happy to find this land where automobile market has yet been saturated

Despite, people have managed to move about efficiently and effortlessly on two, not four wheels, defying all odds.

High rises are up. So are bridges in the city.

People are in constant motion, on Mobil phones and motor bikes.

People honk at every hour of the day.

(Unlike in the States, honking would invite road rage.)

I get to call on a few ICT companies. I found the work force young, intelligent and responsive. The marks of top students (learning), and soon becoming top workers (unlearning).

Post-war baby boomers grow up with no legacy.

Order a beer, shoot the breeze and hop on the bike.

Competition is tough at all level i.e. entry-level workers, mid-level manager, small companies and mid-size ones. Meanwhile, the nation itself strives to become the next Malaysia and Indonesia. If failed, or not trying hard enough, caught in “Middle-Income trap”.

So, back to two wheels, while the rest of the world on four.

As long as things and people are in motion. A couch that floats and a girl who tries to jump. Keep moving. Keep fighting gravity and inertia. Keep up with progress. Endure the pain to surely gain.

I am not here for solitude and reflection. I am here to move with the flow.

Just to survive. And the fade out music today is “rain and tears….”

More from Saigon on my next blog. Got to hop on a “xe om” to fight traffic.