Construction is expected to take six years, create jobs for around 1,800 local people and contribute $350 billion to Vietnamβs 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.
They mean they're going to pump $350 billion dollars worth of neoliberal and anti-China propaganda into Vietnam through the embassy.
Or maybe they just saw how much the B&R was projected to help their economy and decided that they would just state that they would increase it "more" than that.
I read that too and I'm still struggling to understand how a 1.2b project can generate 350b for Vietnam.
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.
He's just less crass but more bloodthirsty Pompeo
They see China and Vietnam setting aside their differences and working together and they want to make damn sure none of that happens while they're around.
I still find it hilarious tha US thinks they can get Vietnam in their camp.
How can an embassy be this expensive?
Corruption and spying.
how long before they bomb it
π·πΈ
isnt Amkor's investment larger?
Context, started as korean but is headquartered in the U.S
I guess that's technically private investment.