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You are absolutely right,

andyhrboss wrote:

Do you know those Vietkieu left VN prior to 1989 are more successful than those left after 1989?

Have you considered that those who arrived prior 1989 were able to thrive in the economic boom years of the Clinton presidency.  A lot of their US wealth was generated through entrepreneurship but a lot more came to them through real estate appreciation.  Those who arrived in the US since 2008 have struggled through a period of economic stagnation.  Perhaps losses incurred in Vietnamese investments by the pre-1989 people were partially based on the fact that many did not really have great business skills but were simply in the right place at the right time in the 90's.

Economic boom during Clinton? Really? I thought Clinton was and is Democratic? Economic boom and Democratic presidency together?

But sorry we are not here to discuss politics. I am glad you can contribute a different angle.

Sometimes we have to fail, to then succeed in the future.

andyhrboss wrote:

Economic boom during Clinton? Really? I thought Clinton was and is Democratic? Economic boom and Democratic presidency together?

But sorry we are not here to discuss politics. I am glad you can contribute a different angle.

I am not discussing this from a political angle.  You made it political.  It is in the statistics.  Look them up.

In fact let me help you: 

Regardless of who takes the credit, the 90's were boom years in the US and Bill Clinton was President from 1993 to 2001.

People fail for many reasons. This applies to anyone who emigrates to another country. Not everyone has a feel good story to tell. The odds are stacked against you when you move to another country and start over. People who fail don't do enough planning and a small percentage still fail even after all the planning. What important is can you accept multiple failures before making it big? All it takes is one chance to be successful and not everyone has the tenacity and perseverance to stick with it.

its interesting that those that returned from the Eastern block countries have done better (vin group and vietjet bosses) than those from usa, canada, australia etc..one reason suggested is that they focused on mass market products and services...while the others tried to do fancy startup tech shit...

bizdeals wrote:

its interesting that those that returned from the Eastern block countries have done better (vin group and vietjet bosses) than those from usa, canada, australia etc..one reason suggested is that they focused on mass market products and services...while the others tried to do fancy startup tech shit...

speaking from experience???

A cynic might suggest that Hanoi's old loyalties run deep so they favouritise eastern bloc emmigres and shaft the Southerners/ western bloc peeps

I think it's basically what the OP said.

The ones that came thinking they could make a quick buck did not adapt to the environment but instead of shouldering the blame place it on others.  Ironically, they probably failed back at home too.

There's also the luck factor.  But then it comes down to how you deal with it.  The strong ones pick themselves back up and try again whereas the weak ones fail and run away.

Yes, the Clinton years did foster and experience an economic boom.  Also, there were many programs aimed to help the "boat people" who came in the early eighties.
But I do agree with the "all in mentality"; success is based on passion, opportunity , and effort.

Best
Ron

So the first part is Vietkieu's who fail in the US/Canada and the second part is Vietkieu's who failed in Vietnam, from what I gathered.  I can't mention much about the second part but I can about the first.

I think it also has to do with socioeconomic class.  Those that left early were more from the upper echelon who had the means and the money to leave and establish themselves early.  Those that left later were not as fortunate and have a more difficult process of integrating to the new culture.

As long as you have good connection to the local authorities, level of authorities depending on one's capital investment.