Philippines losing Investments to Vietnam

The information that the Philippines is losing large foreign investments to Vietnam is something that the government should get frightened of, in a way that it must force her to gather its think-tank and view the battle situation right away. 

In this context, we should bring up an attitude that would make us very aware what other our neighboring countries are doing well and why are we losing.

Economy is about wealth and stature of a country, just like a person, we are aware of our friends and neighbors when they progress or have something new. Actually we have these integral mentality called the "Talangka mentality", so in this respect, why not apply  it for good reason in the government?

Our economic strategist must be very keen, and give recommendations to the President and the congress to augment and make shortcuts for improving our economy.  It must be a body that will make concrete studies and apply them immediately once noticed.

Actually, the problem  of economy is an old story, and anyone can have a good judgement about it, as a matter of fact, we no longer need articulated studies and thesis of the problem, it  is just fundamentally solvable by common sense.

Or if not, why not find out the success stories of other advanced economies of the world and copy paste for our own? It will help us a lot in doing for what we need in this country effortlessly by their example.

In a report, FDI to the region saw an annual decline of 8% to $120 billion last year, according to a report by the Association of Southeast Asian Nations (ASEAN). Broken down, however, inflows to Cambodia, Laos, Vietnam and Myanmar (CLVM) surged 38% to $17.4 billion.

The Philippines attracted $5.7 billion in 2015, unchanged from the previous year.

A separate study conducted by Standard Chartered also showed about 40% of foreign investors in China would choose Vietnam if they had to relocate. Cambodia came second with 25%. Only 3% of investors said they would move their business to the Philippines.

The above  is a report from the CNN article. Link to this article is here  

If in the data, Vietnam can gather to as much as 40% of the FDIs expected, and the Philippines will only account 3% of it, there is something wrong, that our strategist must scramble and change the game plan.

Note:
this is an editorial, opinion only. Its source of information were from news sources that was just digested to form this view.