The true intentions of countries that dislike both the US and China f. Author Yu Younguk [Top-notch 67th episode]

This video discusses Vietnam's economic strategies and recent issues, particularly the Blackpink concert controversy, China's territorial disputes, and Cambodia's political situation. Vietnam demonstrates a diplomatic strategy to balance between the US and China, highlighting the challenges and dilemmas in this pursuit. It also analyzes the failure of Korean home shopping companies in Vietnam, revealing the characteristics and changes of the Vietnamese market and suggesting considerations for market entry. Finally, the video concludes by mentioning important points to consider when traveling to Vietnam.

The speaker emphasizes that understanding Vietnam requires considering various aspects, including politics, culture, and socio-economics. Judging a nation based on a single perspective is a flawed approach, and understanding a nation requires diverse viewpoints and advice from experienced individuals.

The speaker points out that the cancellation of Blackpink's Vietnam concert was due to the Vietnamese company's contract with a Chinese company. The Chinese company used a map depicting the South China Sea territorial dispute, which was considered a sensitive issue in Vietnam. This incident highlights the need for extreme caution regarding territorial issues when conducting business in Vietnam. Furthermore, this is not solely Blackpink's fault, but rather illustrates a general point about the importance of being mindful of sensitive issues when operating in Vietnam.

One reason why Korean home shopping companies withdrew from the Vietnamese market is that Vietnamese people spend less time at home and prefer outdoor activities. Vietnamese people tend to spend time in cafes and outdoor activities, which did not align with the Korean home shopping approach. Additionally, Vietnam's high electricity costs and high logistics costs further complicated the challenges faced by Korean home shopping companies.