this post was submitted on 14 Dec 2023
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＄1.2 billion US embassy is the largest investment project of the US in Vietnam 😂 (e.vnexpress.net)
submitted 9 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[–] Trudge@lemmygrad.ml 28 points 9 months ago (4 children)

Construction is expected to take six years, create jobs for around 1,800 local people and contribute $350 billion to Vietnam’s economy, Blinken said.

Vietnam's GDP is $360 billion. America's going to somehow contribute an entire year's worth of GDP just by constructing and operating an embassy? I understand that the intern assigned to the task has never opened a spreadsheet in their life, but Blinken has to know better or he's going to be seen even more as a joke.

[–] Soul_Greatsword@lemmygrad.ml 12 points 9 months ago (1 children)

I read that too and I'm still struggling to understand how a 1.2b project can generate 350b for Vietnam.

[–] redtea@lemmygrad.ml 7 points 9 months ago

There are multipliers for big infrastructure projects but not x292 lol. Unless they're planning another losing war and are telling arms manufacturers how much they stand to make in he region.

For housing, it could be 10x. by the time the people living in them decorate, but toasters, fridges, furniture, etc. Plus shops being able to find in and set up store. I don't know too much about it. There must be an agreed timescale for working it all out.

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