2020-real-GDP-growth-rate-by-IMF-Jun-2020-for-Vietnam-Indonesia-Malaysia-Philippines-Thailand-India-and-the-world

Vietnam economy in 2020: 11 key facts and trends

Vietnam has done an excellent job thus far when it comes to the Covid-19 pandemic. A country of more than 97 million people, a direct land border with China, Vietnam implemented quick, decisive border closure, testing, contact tracing, isolation, and quarantining. The social unity, comprehensive public awareness campaign, and government transparency in dealing with the crisis are critical ingredients for success too.

But it is far from over.

Like the global economy, Vietnam is now struggling to contain the economic fallout from the pandemic. Given the recent global interest in the Vietnam economy, especially regarding its potential as a factory relocation from China, I write this post to include some key figures, facts. I try to use third party, English sources so that you can verify the numbers.

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My thoughts on “The Big Cycle of the United States and the Dollar, Part 1” by Ray Dalio

Yesterday, Ray Dalio published the latest chapter titled “Chapter 4: The Big Cycle of the United States and the Dollar, Part 1”. Overall, it is a good read, even though it doesn’t include as many new ideas or insights as I hope it should. This is partly because I have been following Ray’s public sharing for a while, including many of his recent interview with Bloomberg, TED, Goldman Sachs, etc. If you haven’t been reading or watching Ray’s writing/talks, then there is plenty of new information, insights in this article (or the whole series) for you.

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How to apply Ray Dalio’s sharings to your personal finance?

I am a big fan of Ray Dalio’s sharing/teaching. I have been reading his books, articles on LinkedIn, and watching his Youtube videos. Recently, Ray has been sharing a series about the Changing World Order and lessons learned from the big cycles over the past 500 years. He also appeared on Bloomberg to share his thoughts about the Economy, Pandemic, China’s Rise. This interview is similar to a discussion Ray had with Jim Haskel on Bridgewater Associates’ Youtube channel about “Managing Money in a Zero Interest Rate Environment”.
Ray’s sharing has many implications for the world economy, policymakers, investors, etc. At a personal finance level, his main recommendation is diversification. This post is about how I interpret his recommendations and apply them to personal finance.

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