Vietnam's recent public cry that it wants to join the BRICS organization is a life-saving straw in the event of an economic collapse? Why didn't they look to the United States? Didn't Biden also go last year?
Joining the BRICS means completely cutting ties with the United States, isn't Vietnam afraid? Vietnam is a very special country, and it always wants to ride the wall, why don't you want to ride the wall this time?
Recently, Vietnamese Foreign Ministry spokesperson Pham Thu Thanh made it clear at a regular press conference that Vietnam is willing to join the BRICS, which is the first time that Vietnam has made such a statement publicly.
As recently as April, the global network reported that the Vietnamese embassy in Russia responded to the media that Vietnam is taking its membership in the BRICS seriously and how to participate.
Obviously, a month ago, Vietnam's attitude was still very vague, and it didn't take long for it to change its face?
Does Vietnam think that if they say they are willing to join the BRICS, they will be able to join? At present, more than 10 countries are lining up to join the BRICS, and Vietnam is not the only one in ASEAN, and Indonesia is much more active than Vietnam.
To be honest, at this time, Vietnam shouted that it was going to join the BRICS, and the news came a little late, and even a little unexpected.
We said that it was a bit of a surprise because in December last year, our high-level visit to Vietnam, why didn't they say it? No news was revealed at all, which shows that Vietnam was not so active at that time.
U.S. President Joe Biden visited Vietnam just last September, perhaps promising a lot of benefits and raising the diplomatic level of the United States and Vietnam, and Vietnam clearly does not want to give up that benefit.
What's more, in the past few years, the United States has vigorously promoted the so-called friendly shore outsourcing, and Vietnam and India are both "friendly shores" selected by the United States.
So, if you want to say that Vietnam has not looked for Americans, we don't believe it.
They probably found it, the United States is busy with the election, and it can't take care of it for the time being, and it doesn't know who will be president next year, and it doesn't dare to make effective promises for the time being, so they leave Vietnam hanging there.
Why is Vietnam in a hurry to join the BRICS now? This is not only related to Vietnam's position and delicate situation in ASEAN, but also directly related to the current financial and economic crisis in Vietnam.
Vietnam is in a hurry, anxious to find someone to save them, so it shouted to BRICS.
Why is Vietnam in a hurry? Because it was harvested by the United States, the financial and economic situation is about to collapse.
Recently, the situation in Vietnam has been very dangerous, mainly in two aspects.
The first and most urgent thing is that the recent strong attack of the US dollar, Asian currencies have fallen into a depreciation crisis, and the Vietnamese dong has plummeted, and Vietnam is about to become the next economy to be blown up.
What is the current level of urgency in Vietnam?
On May 10, the Vietnamese dong exchange rate fell to an all-time low of 25,455. Since the beginning of this year, the Vietnamese dong has depreciated by about 5% against the US dollar, second only to the Japanese yen and the Thai baht, and the third worst in Asia.
However, Vietnam may be worse than Japan when it is harvested by the dollar this time, because the United States has long planted a big thunder in Vietnam: dollar debt.
Why did Vietnam borrow a lot of US dollar debt?
A few years ago, the United States pulled Vietnam together to engage in de-Sinicization and onshore outsourcing, hoping to support Vietnam to replace China as the world's factory, so the United States contributed capital, Vietnam contributed people, and built factories on a large scale, and Vietnam achieved rapid development.
In order to seize this opportunity, Vietnam has borrowed a lot of foreign debt, which has now exceeded 200 billion US dollars, accounting for 70% of GDP and more than twice the amount of foreign exchange reserves.
This means that even if the dollar does not raise interest rates, Vietnam will not be able to pay back all its foreign exchange dollars.
Now everyone knows that once the dollar raises interest rates, dollar bonds can be called nuclear-level financial weapons, and they are often the first to be exploded.
After blowing up the dollar debt, the United States will add another fire, completely collapse you, and then make you unable to pay back, and they will act as a savior and continue to lend you money, but you need to use assets as collateral, so you can only be slaughtered by others.
Vietnam has realized the seriousness of the problem and began to improve relations with us last year, but it was too late.
Second, because Vietnam leaned toward the United States a few years ago, the entire ASEAN looked eastward except for Xiaofei, so Vietnam's position in ASEAN has become more and more embarrassing, and the competition situation has become more and more delicate.
In fact, Vietnam has become the most standard wall-rider in the entire ASEAN.
In the past few years, Vietnam has worked hard to ride the wall, and it is also attracting our investment, coupled with its relatively close proximity and labor advantages, it has indeed earned a wave of our traffic.
However, in the past two years, other ASEAN countries have seen the opportunity and have begun to actively compete with Vietnam for business, most notably Indonesia, Thailand and Malaysia, and even Cambodia.
In addition to Xiaofei's involuntary helplessness, the entire ASEAN is competing with Vietnam, and Vietnam has become less and less advantageous.
Not to mention anything else, whether it is Indonesia's attitude or its own population and labor advantages, with the Jakarta-Bandung high-speed rail demonstration project there, how can Vietnam compare with Indonesia?
That's why Vietnam is in a hurry, now let's make a statement to see if we can get some goods urgently, and can the BRICS big brothers reach out and pull a hand first? As for whether to join the BRICS afterwards, we can discuss it slowly, don't you have to queue up?
Vietnam's abacus is fine, is it really the BRICS big brothers who are wronged?
Vietnam is a country that doesn't really feel the pain, they won't be honest.
Therefore, to join the BRICS, Vietnam can first express its position, but the big BRICS brothers have listened to their words and have to watch their actions.