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Nga Pham

πŸ‘€ Speaker
120 total appearances
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Appearances Over Time

Podcast Appearances

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

It's actually quite interesting, isn't it?

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Because Asian countries actually have been dealing with aging society problem for so many years.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

But what I see here is that we actually in Vietnam, for example, we are going to lower the pension rate.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

I mean, the age that you can actually receive the government's subsidise on your... Oh, really?

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Yeah, from 75 to 70.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So I wonder why it happens that way.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

I mean, we do actually send lots of young labourers to, say, South Korea, Taiwan, Japan and other countries.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So maybe that helps because Vietnam's population is relatively young.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

70 is the new 50.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Yeah, so we're talking about the war of fruit, namely the war of durians and custard apples and other delicious fruit that Vietnam exports to China.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So basically 90% of Vietnamese durians being sold to China.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So talking about putting all the eggs in one basket.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

And if China suddenly decides to stop importing Vietnamese durians, I don't know what will happen.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

We will all have to eat durian and dream durian.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Really?

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Is that right?

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

Yeah, it's spiky and very pungent.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

And it has a very strange smell, doesn't it?

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

But now, actually, it also happens with Taiwan because Taiwan, the government there has warned farmers about selling custard apples to China as well.

Business Daily
Taking Stock: Heatwaves, Pensions and Tech Turbulence

So in 2021, when I was there, China also stopped importing Taiwanese pineapples.