“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
Month: March 2012
Malaysia’s overall manufacturing sector grew at an average annual growth of 9% from 1993 to 2000. Electrical and electronic products accounted for 21% of Malaysia’s total manufacturing assets in 1998. This was followed by the petroleum, coal, basic metal and nonmetallic mineral sector, which accounted for a combined total of 31% of the total manufacturing assets. The remaining 48% of all manufacturing assets was in textile, wood related products, chemicals, paper products & printing, fabricated metal products, transport equipments and machineries.
From the “Doi Moi” economic reforms initiated in 1986 to its accession to the WTO in 2007, Vietnam has transformed itself from an underdeveloped transitional economy to an attractive location for businesses. Yet, when compared to its giant neighbour China or other more economically developed economies in the ASEAN region, Vietnam remains relatively unknown to many international investors. Vietnam: The New Asian Dragon was written to educate such investors, by introducing the Vietnamese economy and business environment, with a focus on the equity market.