Your reply seems to be addressing points I’m not making.
> Yea, but they are not as singular in control of the economy as they were before Doi Moi.
That’s not relevant when we are talking about the public utilities, which the government controls.
> Just having state owned companies does not make a country communist.
I never said it does. I said having a one party state run by a communist party gives insights into the government and hence the public utilities.
> Utilties are state owned (EVN) but the capacity infra is private owned in part or majority.
The Vietnam government is happy to take your money but it doesn’t mean you’ll have say over how the SOE is run (hence the blanket request to reduce demand).
Or just the fact you get to bang your head against a wall for a while trying to navigate the state bureaucracy (if unwilling to buy some important people some coffee).
> This by definition is a lack of capacity
Capacity isn’t relevant to sharing of existing capacity. Whatever the capacity is or however much it wasn’t developed, there is still an opportunity for one company to “horse trade” capacity with another company.
I think we're arguing past each other, or at least have are operating with different assumptions.
The utility EVN and its subsidiaries is fairly hands off because of incompetence and corruption.
What ended up happening was most of the regional utilities went broke, and consolidated together, but are still kinda broke, so maintenance is weak and construction of capacity isn't the greatest, yet demand was only growing.
To solve this issue, there were some additional reforms pushed in the mid-2010s along with the FTAs skewed in Japan and South Korea's favor to allow majority ownership of capacity and infra by foreign players (most of whom are Japanese, Korean, and increasingly Chinese).
The utility EVN doesn't have a make or break stake in most of these JVs, and unlike China or even India, cannot push back, because VN just isn't a large enough market to justify those headaches.
The state capacity in VN sucks, but I think you are automatically assuming stuff in Vietnam works the same way as it does in China. It does not, because VN isn't the same size of market that China is, and the largest investors in the Vietnamese market (Japan, South Korea, China) can make Vietnam's life hell if they make it too business unfriendly. This has already started with Korean FDI increasingly moving to PH and TH recently.
I'm just speaking from mine and my SO's experience on this.
> Yea, but they are not as singular in control of the economy as they were before Doi Moi.
That’s not relevant when we are talking about the public utilities, which the government controls.
> Just having state owned companies does not make a country communist.
I never said it does. I said having a one party state run by a communist party gives insights into the government and hence the public utilities.
> Utilties are state owned (EVN) but the capacity infra is private owned in part or majority.
The Vietnam government is happy to take your money but it doesn’t mean you’ll have say over how the SOE is run (hence the blanket request to reduce demand).
Or just the fact you get to bang your head against a wall for a while trying to navigate the state bureaucracy (if unwilling to buy some important people some coffee).
> This by definition is a lack of capacity
Capacity isn’t relevant to sharing of existing capacity. Whatever the capacity is or however much it wasn’t developed, there is still an opportunity for one company to “horse trade” capacity with another company.