Canon camera price list
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Canon camera price Philippines 2022
Channing Tayloru2019s information is not entirely current.
Here come corrections from a Muscovite who deals with foreigners here a lot.
,I would say that Russia is not dangerous but it is really recommended to have some advance reading and learn a bit of spoken Russian and Cyrillic alphabet.
Ability to read Cyrillic alone will greatly improve your stay here because many words have foreign origin, and an English-, French-, or German-speaking traveler who can see t in u0442 and ee/i in u0438, will instantly find a lot of familiar words around.
But fret you not, as tourist areas are now supplied with English (or close to that) navigation, and command of your language is considered a trait, not a threat in common perception.
People as well-versed as myself are not really common (Russia isnt Denmark or Philippines), but in major cities are not quite on a brim of extinction either.
,Moscow is peppered with CCTV cameras.
You canu2019t avoid them.
Not to extent of China but still enough to rival London, and their numbers are growing by day.
Crooks know that perfectly well too.
,But Moscow is, like, 15u201320 years ahead of the rest of the country in many aspects (socially and wealth-wise mostlyu2026 apart from some backwoodishly backward officials who want to be like the 16th century boyars and dare to do so publicly, and some military who want their 1969 and not ours, if you get what I mean).
It is an international megapolis all right, and it is radically different from its 25-year old self, mostly for better.
Yet, the Kremlin and Bolshoi Theater still stand and shine, the Metro rides even smoother (and much further), the Boulevard Ring is still the worlds best esplanade on a fine warm day or evening (Ive seen many, trust me on that), and other rings are still stuck in traffic jams of Middle-Eastern magnitude every morning and evening (although in way more orderly fashionu2026 because speed, lane and crossing cameras are vigilant, parking patrols are earnest, and fines sometimes bite painfully).
Gypsy gangs do happen on summer but they are less and less common, particularly in areas frequented by foreigners.
The reason being that they are pestiferous and hawk on anyone except their own kind, which locals do not fancy as well.
In Kaluga and Tula you may probably encounter them more often, but it is easy enough to shake them off.
Few people like Gypsies in Russia, very few u2014 and mostly for a good reason.
Bulgarians and Romanians agree with that ;).
,Pick-pocketing in major cities is rare now (definitely so in Moscow), and robbery is usually targeted and based on prior intel.
Almost any major robbery case hits the news.
Why? People carry much fewer cash these days because up to 90% of shops and establishments in Moscow and St.
Petersburg, and more than 70% in other major cities accept cards (including PayWave/PayPass/smartphone payments), and those that do not, as well as private persons, are ready to accept Card2Card transactions (although in that instance your card should be Russianu2026 but anyway thereu2019s always an ATM nearby in any city; and there is no local withdrawal fee, i.
it is only your bank that charges you for withdrawal).
A chain supermarket (u041fu0435u0440u0435u043au0440u0451u0441u0442u043eu043a, u041fu044fu0442u0451u0440u043eu0447u043au0430, u041cu0430u0433u043du0438u0442, u0414u0438u043au0441u0438, u041bu0435u043du0442u0430, u0410u0437u0431u0443u043au0430 u0412u043au0443u0441u0430, u0410u0432u043eu0441u044cu043au0430) or a popular cafeu0301/bar/restaurant ALWAYS means that at least Visa and MasterCard are accepted, period.
You can get to a very shabby Diksi or Magnit in some tiny roadside village in 3000 kilometers from Moscow u2014 and youu2019ll pay with a card.
There are things priceless, and there are cards and apps for the rest, and for much more than in good old Germany.
,IMPORTANT March 10, 2022 update: because of the Ukraine-related sanctions, foreign Visa, MasterCard, JCB and AmEx cards no longer work in Russia for yet unknown period of time, Russian cards of these systems similarly donu2019t work abroad.
The only kinds of cards you can be (still) more or less sure with are Chinese UnionPay and Russian MIR.
The only cash accepted is Russian Rubles, so if you decide to visit Russia during the weird and uncertain (to put it mildly) period that began on February 24, 2022 by solitary will of one man you probably at least heard of, your options are Euro or US Dollar cash, or a UnionPay card (N.
: you canu2019t take more than $10,000 or equivalent in foreign cash outside Russia until at least September 9, 2022).
One can also easily issue a ruble-only Russian debit card within ten minutes in many banks, and deposit your freshly obtained rubles there, to avoid carrying noticeable amounts of cash on you.
At that, I donu2019t think that crime will rise because police in major cities has a field time anyway.
,In Moscow, strictly cash-only places are some smuggled camera dealerships that are run by Indians and Bangladeshi, but apart from few reliable guys I know those are overt scams, and reliable guys know better than to cheat on customers.
Anyway, it is unlikely for a conventional tourist who is not into serious photography or filming to resort to that kind of emporiums.
There are plenty of proper camera dealerships anyway.
Official Canon, Nikon, Sony, Olympus, Panasonic and Sigma services surely accept cards, although one (and itu2019s one of the worldu2019s best) professional TV camera service center does not, they like it in cash or by wire transfer.
,Small private businesses always prefer cash anyway, but if they declare that they accept cards, by law they canu2019t refuse your card payment as long as there are no technical difficulties.
There is a caveat though: some places (not that it is really common) have permanent u201ctechnical difficultiesu201d, so having an equivalent of u20ac50u2013100 in Russian rubles in cash at hand in notes smaller than 5000u20bd is advised for a foreigner, but in Moscow, St.
Petersburg, Krasnodar, Samara, Yekaterinburg, Novosibirsk, Ufa, Kazau00f1, Nizhni Novgorod and Yaroslavl that is absolutely not essential.
For the last three years for my daily functioning I had to withdraw cash for about u20ac300 in total, and even if I am sometimes paid in cash for my services, I put it to card anyway.
Right now I have 800 rubles in my wallet (u2248u00a310) and unless I encounter too many cash-only vending machines on my way in any foreseeable future, or go to some middle of nowhere, or something gross happens with IT systems nationwide, that amount of palpable cash may last well into the second half of this year.
Almost any adult has an ATM card these days, and you probably wonu2019t encounter those who do not.
nAnother caveat is that some foreign banks may deny transactions in Russia if not notified in advance.
That happened recently with my Turkish friend here u2014 but while he could not pay in a cafe with his AKBANK and Citibank-Tu00fcrkiye cards (I had to do it with my Russian card), he withdrew whatu2019s needed in the nearest ATM without any trouble u2014 and I instantly put it back to my card using the same machine and couple of taps in one of my banking apps.
,Relieving inattentive tourists of expensive (or expensive-looking) watches and smartphones (current iPhones in particular)u2026 well, that obviously happens from time to time, but not if you arenu2019t carefree more than in London, Paris, Barcelona, Nice, Rome, or any city in the U.
In poorer Russian regions that may happen regardless, but not in areas that are frequented by foreign tourists.
You dont rob when you can sell.
Petersburg was infested with camera thieves and robbers for decades (central half of Nevsky avenue, adjacent streets, and Sennaya square mostly), but in the recent five or so years I havenu2019t heard much about them u2014 and my friends from there also came to a conclusion that something was finally done about it.
,As for satellite phones, that requirement is true but, first, it may be cheaper to rent a sat terminal locally if you do not own one and need it specifically for a trip into Russian wilderness, and second, it is very rare for a casual tourist who isnu2019t going to Northern or Central Siberia, Yakutia, Chukotka, or Kamchatka, to have a need in a sat phone.
nYou definitely do NOT need a sat phone in any more or less populated area, because a Russian SIM card of any of four major carriers costs u20ac4 and up, is available within 10 minute walk from anywhere in any major city or at almost any gas station (10 minutes by app-ordered taxi if you want one 24/7), and comes ready to use with ample amount of data, as well as Russian airtime and texting already included.
Internet access is cheaper and faster in Russia (Moscow in particular) than almost elsewhere in the world.
There are some services blocked by the order of Roscomnadzor (LinkedIn, certain torrent trackers, certain porn sites u2014 but not PornHub) u2014 but a VPN subscription or even Psiphon solve that problem.
Data plans are flat across all country except several most remote areas where you are unlikely to go to (and Crimeau2026 but, well, itu2019s Crimea and all that), at least as a coming-to-Russia-for-the-first-time-yay! Western European tourist, and after what Vodafone, 3, EE, and O2 charge you in the UK, youu2019ll find prices and often connection quality at least refreshing.
No internet in a Russian city? DOES NOT HAPPEN.
,ATM scams were never really popular, the majority of extortion fraud is based on social engineering and involves phone calls in Russian to Russian numbers, so a foreigner is unlikely to encounter that even with a Russian SIM card.
,Basic recommendations are universal though: n1) do not get drunk or even noticeably tipsy, do not approach random people who are obviously under influence of alcohol or substances; that is particularly valid for establishments that are not rated high on TripAdvisor and are not listed in Lonely Planet, but is very much true for those as well.
Also, some places with many stars on popular travel services are overrated u2014 there is always a nice place under the radar that is tastier and cheaper, even if without a menu and service in English.
I know places in Russia that have just ONE public eatery for the whole town of 3000 inhabitants far in the woods (literal woods), and places with one hotel for a 10u2032000 town, and places where there the only place that will sell you anything is a post officeu2026 but, well, this is Russia, you know ;).
The biggest country on the planet, about two thirds of which is totally uninhabited, and u00bc is totally unsuitable for permanent residence of humans because of atrocious climate.
n2) do not mess with prostitutes and be cautious about random (even not bareback) sex in general u2014 HIV and hepatitis are real, and chances of contracting them should be not taken lightly; I have to say that virtues of Russian women in bed are noticeably overrated, and anyway brothels and whoring are not and should not be your goal when you travel u2014 even if it is red lantern districts of Bangkok or Manila where Russians usually behave like Westerners.
n3) watch your belongings (carrying a wallet, a passport, a payment card, or a phone in a back pocket is stunningly unwise anyway) but donu2019t think that anyone around is after them.
n4) donu2019t expect police, a random shopkeeper or a taxi driver to speak English or any other language than Russian, and/or native for an ethnic region you are visiting; n5) use only official apps (YandexGo, Gett, Uber, Citymobil) or (more expensive) your hotel concierge service to get a cab.
Never pick a taxi from a lot (as you would do in London or Istanbul) or by hailing (as you would do in Hong Kong).
Ordering a u201ccomfortu201d and higher class of taxi and checking an u201cEnglish-speaking driveru201d box in an app, while not guarantees fluent conversation in English, absolutely ensures that you will be driven from A to B safe and sound.
,Having a LOCAL companion/agent/guide/assistant/fixer is highly advised u2014 but rather to make things easier and sometimes cheaper, and to overcome language and cultural barriers, than for personal safety itself.
At that, I can say that walking alone at night anywhere in Moscow and most areas of St.
Petersburg is perfectly safe (like, I do it almost every day, and the area I live in is considered u201clower classu201d by everyone u2014 which is not exactly true.
Same is in other cities with population over 500 thousand).
nDuring nighttime I would avoid certain districts in Nizhni Novgorod, Perm, Tolyatti, Yekaterinburg, Omsk and Irkutsk, as well as Nizhni Tagil and some other places with huge industrial enterprises, as well exercise certain caution in non-touristic small towns that have no private airfield in the vicinity, but other than thatu2026 nope.
Donu2019t expect any attempts on you even if you are a lady on high heels with outstanding forms, or a scrawny little nerd.
In the 1990s people became so scared of each other, and they always so much like to make an elephant out of a fly, so those two factors alone make Russia suitably safe u2014 definitely safer than almost anywhere in Latin America and Africa.
Do you expect trouble in rural Alsace or in Nottingham, or in Arkansas? No? Why should you expect one in rural Russia then?,Attacking people with dark skin is in the past.
There were some neo-Nazi/white supremacy gangs but they were effectively put into the ground (literally) or behind bars for life without parole by 2012.
Russia is a poly-ethnic country for ages, and anything that a Westerner may consider racial slurs is just a combination of ignorance and stereotypes.
Yes, people love their stereotypes in Russia too.
Actually, I can return with updates that include personal accounts of black Africans living in Moscow about how they feel here and is race a real issue here.
Also, several cities (Voronezh, Tambov, Krasnodar, Tver) traditionally host noticeable numbers of African students, and while some of those students report u201chostile aurau201d from locals, that never ventures beyond the mental wall on a Russian part.
There were issues with race-based violence but they are in the past.
,For the purpose of this answer I randomly approached a guy who looked like there is a lot of African blood in his veins.
He turned out to be local, 25 years of age, and his origin is quite peculiar: Jewish Iranian mother and African American father with roots in Burkina-Faso.
He told me that in the recent 6u20137 years my question was the first time anyone mentioned his skin color either in Moscow or the rest of Russia.
He is as fluent I Russian as myself though, and such thing, while not really common, is nothing new: nine months after the 1957 and the 1985 World Youth and Student Festivals (as well as joint Allied operations of 1944u20131945, and 2018 FIFA World Cup), there were noticeable numbers of exotic-looking babies given birth in Russian hospitals.
Also, Russian racism and xenophobia, while no doubt existing, have totally different direction and flavor compared to the USA.
,There is NO Russian-Chechen conflict anymore since, like, 2004.
Chechnya is probably the safest region to visitu2026 as long as you are not an open LGBTIQ+, or a single young woman, or speak openly against Ramzan Kadyrov, or a human rights activist not to his liking.
Also it is not advised to film anything professionally, especially in journalist capacity, without notifying certain Chechen authorities and even specific people there, but that should not be a concern of a regular tourist.
Whatever else is written in Travel Advisory section of the U.
Department of State or H.
u2019s Foreign Office websites regarding Chechnya is rubbish.
Dagestan, Ingushetia u2014 yes, those may be unsafe not only in those cases.
Like, driving style in the entire North Caucasus, as well as in Stavropol krai and Krasnodar krai, in the US and the EU would instantly get the majority of those drivers all possible motorist misconduct fines.
,The least safe region of Russia is reportedly Tyva u2014 but if you are serious about going there, you ought to have Russian fixers who, on their part, will have Tyvan fixers, and the matter is solved.
Anyway, Tyva is one of the favorite vacation destinations of Putin himself and MFA Sergey Lavrov, as well as a homeland of the defense minister Sergey Shoigu u2014 and wherever they are, it is u201cdie everything elseu201d-safe.
,Still, the dangers of Russia u2014 particularly if you have someone like myself (i.
honest, witty, connected, open and fluent in English) beside you u2014 are grossly overestimated, or are at least outdated.
You would not like to explore China without a person to explain and translate things to you, at least during your first visit u2014 same goes with Russia, although cultural and language barriers here are significantly lower.
,FIFA World Cup 2018 was, of course, a huge showoff galore, but Iu2019d rather recommend to stick to impressions of people who visited Russia during it than to anything earlier.
Digital Camera price philippines
Note that nominal GDP is calculated in local currencies before converting to USD (which means the moving exchange rate is irrelevant to real output).
,In 2017, Vietnams GDP was updated to VND6,294 trillion.
2018 & 2019 growth are 7.
1% and 7% so 2019 is VND7,212.
With current exchange rate 23,192.
00 vnd = 1 USD, equals to USD 310.
However you can observe the vnds depreciation by 39.
5% against the USD since Oct 2008In 2019, Philippines rebased GDP was updated to P19.
2019 growth 6%.
With current exchange rate 49.
36 peso = 1 USD, equals to USD 392.
However the peso has only depreciated against the usd by 10.
6% since Oct 2008.
In 2018, Thailands GDP is 16.
316 trillion baht.
2019 growth 2.
4% so around 16.
With current exchange rate 31.
68 baht = 1 USD, equal to USD 515 billion.
However the baht hasnt depreciated instead appreciated against the usd by 7.
6% since Oct 2008.
,In 2019, Malaysias GDP is RM1,510.
Growth at 4.
With current exchange rate 4.
26 ringgit = 1 USD, equal to USD 354.
However the ringgit has only depreciated against the usd by 22% since Oct 2008.
,So the same output, different trends of exchange rate really misleads the original figure before conversion.
If we bring all of them back to the exchange rate in Oct 2018, Vietnam would be already larger than Malaysia and Philippines, and will be very close to Thailand in size:,VND7,212.
7 trillion / VND16,469 = USD 437.
37 trillion / P47.
2 = USD 410.
38 BBaht 16.
316 trillion / Baht34.
29 = USD 475.
7 billion / RM3.
58 = USD 421.
9For further reference, we can refer to IMF Database October 2020 on GDP in which in Nominal terms, Vietnam ($340) is only behind Thailand ($509) and Philippines ($367).
In Purchasing Power Parity terms, Vietnam ($1,047,318) is only behind Thailand ($1,261,485),List of ASEAN countries by GDP - WikipediaThis is because Vietnam has been employing a weaker currency to boost exports and increase manufacturing development.
As a result, in 2019:,Vietnam $304,293,972,000 (#19),Thailand $245,380,465,000 (#24) ~80.
5% Vietnamu2019s,Malaysia $238,161,125,000 (#25) ~78.
2%,Philippines $70,334,023,000 (#42) ~23%,Worldu2019s Top Export CountriesBut the currency trend will start going the opposite way which eventually benefit Vietnams nominal GDP after conversion through the future exchange rates ahead according to prediction of VinaCapitalu2019s analysis:,Prior to the COVID-19 outbreak, we were forecasting the commencement of a prolonged appreciation in the value of the VN Dong starting from 2021.
This was based on the fact that Vietnamu2019s current account surpluses and FX reserve accumulation over the last nine years closely followed (and even outperformed) Chinau2019s during the 10-year lead up to a multi-year appreciation that ultimately lifted the value of the Yuan by about 25%.
In short, the State Bank of Vietnam accumulated USD20 billion in FX reserves in 2019, and another USD5 billion in reserves YTD, bringing its total up to USD85 billion or 33%/GDP.
To put those two figures in context:,1) Vietnams total accumulated FII inflows amount to ~USD30 billion, almost half of which was invested in illiquid investments (e.
, private equity, strategic stakes in listed companies), and almost none of which was in Vietnam Government Bonds, so there is no possibility that u201chot moneyu201d outflows can deplete Vietnamu2019s FX reserves (nor can short term, external debt, which is very manageable),2) Chinas FX reserves were 33% of GDP just before the Yuan commenced the 7-year appreciation mentioned above.
,Two other important reasons to expect the VN Dong to weather the current economic crisis well (that are not covered in our earlier report) are:,1) The main driver of Vietnams balance of payments surpluses in recent years are ~7% GDP FDI inflows and an additional ~6% GDP of remittances inflows, and not trade surpluses, which averaged 1% GDP over the last five years.
,2) Vietnamu2019s policy makers appear to be targeting a stable USD-VND exchange rate in order to foster continued investment inflows and are thus following the strategy that helped China attract a tsunami of investment inflows in the 2000s.
Vietnamese policy makers understand this very well and have been advised by some of the same people at the Harvard Kennedy School who promoted this idea to Chinese policy makers during the Asian Financial Crisis (the Vietnamese resolve to pursue this u201cstable VN Dongu201d strategy seems to have intensified after the 2015 turmoil in the Chinese Yuan and VN Dong FX markets).
,Finally, a research report published by the San Francisco Fed in April titled u201cLonger-run economic consequences of pandemicsu201d has two positive implications for Vietnam:,1) Wage Inflation tends to increase after a pandemic subsides, which would encourage manufacturing firms to relocate factories from China to Vietnam and Southeast Asia, instead of repatriating production to the US (we expect the auto parts industry to relocate from China to Mexico, and for a sizable proportion of the multinational electronics industry to relocate from China to India and Southeast Asia).
,2) Investment Returns tend to plunge in the decade following a pandemic (unlike after a war), which together with the so-called u201cJapanificationu201d of the US economy will ensure a wave of FII inflows into select Frontier and EM stock markets (including Vietnamu2019s) for years to come.
The short story is that the US stock market is entering a period in which the Federal Reserveu2019s own models predict zero real returns over the next decade, and the Fedu2019s model does not even consider the fact that US stock buybacks, which drove stock price increases over the previous decade, will be proscribed by the terms of the bail-outs that many US companies will receive in the months ahead.
pdfSo it is not a question of IF but WHEN nominal GDP after conversion will match real output.
This is due to:,u00b0 Higher population growth / Bigger Consumption market (except Philippines),u00b0 Higher real GDP growth,u00b0 Currency Appreciation,Furthermore, during the Covid-19 pandemic, Vietnamu2019s trading relationship with China - the fastest recovery story among major economies will spell positive things ahead:,The Association of Southeast Asian Nations (ASEAN) became Chinau2019s biggest trading partner in the first half of 2020, accounting for 14.
7% of Chinau2019s total foreign trade volume up 5.
6% year on year.
, amid upgraded free trade area protocol and supply chain cooperation.
During the same period, Chinau2019s trade with Vietnam jumped 18.
1%, pushing the bilateral trade volume to the top slot among ASEAN members, while trade with Thailand rose 9.
,China has been Vietnamu2019s biggest trade partner since 2004, and bilateral trade has been continuing its strong growth.
China is currently Vietnamu2019s second largest export market after the United States.
Vietnam has also become Chinas largest trading partner in ASEAN in 2019 and its eighth largest in the world.
It is Chinau2019s fifth largest export market and ninth largest import market.
,COVID-19 Will Ultimately Benefit Vietnam:,u2022 In recent years, multinationals like Samsung, LG Group, and a plethora of Japanese manufacturers have been moving factories from China to Vietnam, or have been establishing new production facilities in Vietnam rather than in China.
,u2022 When the US-China trade war broke out, the trade war accelerated the movement of production facilities from China to Vietnam, and we can expect the COVID-19 outbreak to accelerate companiesu2019 efforts to re-locate production out of China, partly because the trade war will intensify after the COVID-19 medical emergency abates.
,u2022 Firms like Foxconn and other Apple suppliers have indicated that they intend to set up production facilities in Vietnam.
However, most observers have yet realized the extent to which multinationals will not only continue setting up production facilities in Vietnam, but will also have a much greater incentive to help foster the development of local supply chains going forward.
,u2022 Some companies have been reluctant to move production facilities from China to Vietnam in the past because supply chains in Vietnam lack depth.
Given the severity of what the world is experiencing right now, coupled with concerns about Chinas handling of the COVID-19 outbreak, FDI companies will be prompted to not only continue establishing new factories in Vietnam, but to also start imbuing local suppliers with much more technical and operational expertise in order to support the production of those multinationals in Vietnam.
,As of 2020,Vietnam forecast 4% (Vina Capital in April), confirmed 3.
82 q1 and 0.
36% q2 so 1.
18% for first half 2020,We expect COVID-19 to reduce Vietnamu2019s GDP growth by 3%pts this year (and now expect 4% yoy growth in 2020), attributable to:,u2022 -1.
5%pts hit to growth from a 50% drop in tourist arrivals,u2022 -1%pts hit to growth from slower manufacturing output growth,u2022 -0.
5%pts hit to growth from slower domestic consumption growth,Meanwhile:,Philippines forecast - 8% GDP (Capital Economics), confirmed - 0.
2% q1,Thailand forecast - 8.
1% GDP (Central Bank of Thailand), confirmed - 1.
8% q1,Malaysia forecast -5.
8% GDP (Varma), confirmed 0.
7% q1,Why we can expect Vietnamu2019s economy to continue growing this year (and why the country will prosper in the post-COVID-19 era):[Note that Thailandu2019s central bank now estimates that COVID-19 will reduce the countryu2019s 2020 GDP growth by -8.
2%pts, and the countryu2019s manufacturing and tourism sectors have a similar risk exposure to COVID-19 as Vietnam.
u00b0 The latest US and EU economic statistics are horrendous, including initial US jobless claims figures that equate to a ~ over 10% unemployment rate (which could be headed to 30%, according to the St Louis Fed), and a collapse in Italyu2019s PMI from 52 in February to 17 in March, which is being characterized as the worst-ever economic statistic of any developed country.
]u2022 The Government has (thankfully!) focused its immediate efforts on containing the virus rather than addressing COVID-19u2019s economic fallout.
Now the proposal include some additional fiscal stimulus measures including direct payments to some individuals and subsidized electricity prices, which would bring the total amount of stimulus up to about 2.
Note the Government spent over 5% GDP to stimulate the economy during the Global Financial Crisis (GFC).
,u2022 The composition of Vietnams exports has a unique u201cBarbellu201d structure, in which about 60% of the products the country exports are u201clow value addu201d products such as garments and cheap furniture that are sold to cost conscious shoppers through outlets like Wal-Mart in the US, and Carrefour in France, while about 40% of the countryu2019s exports are of higher value-added products, including smart phones (nearly 20% exports), digital cameras, and other consumer electronics.
,u2022 This composition is an artifact of successive waves of FDI into the country.
This started about 15 years ago, with investments into the production of garments and other low value-added products for companies like HK-based Li & Fung, and followed by investments into the production of high-tech products for companies like Samsung and Panasonic in recent years as those companies moved their factories from China to Vietnam to save costs and to circumvent the US-China trade war.
,u2022 We can expect exports of the low-end products that Vietnam produces to hold up well over the next two years because of the increased demand for such products by cost-conscious shoppers in developed markets, which is exactly what happened in 2009 (Wal-Mart was one of the only big US companies that did not suffer a large stock price drop in the GFC, reflecting consumersu2019 increased demand for affordable products during an economic slowdown).
We also can expect Vietnamu2019s high value-added export growth to surg from 2021 although this surge will not help support the countryu2019s economy in 2020.
Furthermore, the multinationals that produce these products (or source them from countries like China or Vietnam) will be under tremendous pressure to cut costs over the next two years.
This will prompt those firms to shift production to low-cost countries like Vietnam.
,u2022 Most importantly, a modest drop in the countryu2019s exports will have a less negative impact on GDP growth than one would expect.
Vietnamu2019s exports/GDP ratio is around 100%, and imports/GDP are also around 100%, which means that Vietnam imports high-value components that are made in China, Korea, and Japan, and then the countryu2019s low-wage work force assembles those components into the finished smartphones products, digital cameras, and others that are sold to end-customers.
This activity does not actually add much value to the countryu2019s economy, although it does employ many people, and it provides a path for Vietnam to become wealthier in the future as local firms start to make more-and-more of those high-value components.
,Private consumption has been the main driver of Vietnamu2019s economic growthu2022 For that reason, a slowdown in Vietnamu2019s exports has less of an impact on the economy than would a comparable magnitude slowdown in tourist arrivals.
The value that Vietnam captures from each dollar that foreign tourists spend in the country is higher than that earned by assembling products for export by profit-maximizing multinationals.
Based on Vietnamu2019s 2008-2010 experience, we can expect tourist arrivals to start rebounding from mid-2021, after the medical issue has completely abated but before the global economy begins to recover when tourists from developed countries will seek lower-cost holidays by visiting countries like Vietnam.
,u2022 Finally, about 27.
64% of Vietnamu2019s workforce is employed in the manufacturing sector, versus 37.
36% in the agriculture sector.
We do not expect the global economic slowdown to trigger mass layoffs in the manufacturing sector because we still expect the sectoru2019s output to grow this year for the reasons discussed above and because a meaningful proportion of the products the sector produces are consumed domestically; we do not expect a major plunge in domestic consumption in 2020.
However, there will clearly be many dislocations throughout this painful period.
For example, laid-off workers in garment factories may not be suitable for the new jobs that we expect to be created in the construction sector as infrastructure projects get ramped up.
DSLR Camera price Canon
The majors (Nikon, Canon) make good equipment - as long as what you are buying has a manual mode, you are in fairly good shape.
That said, 3 things to focus on:,1.
Set a budget and stick with it.
You can always spend more.
Really decide what you can afford and try not to budge.
Dont skimp on lenses.
Due to the realities of digital, you might need a new D-SLR on a semi-regular basis, but a good lens will last for years.
This is probably the biggest part of the decision you are making on what brand to buy - unless price is not an issue, you probably wont want to re-buy lenses in a couple of years just to switch brands.
Pick a vendor you are happy with, get a semi-decent camera, but a great lens that will last you for years to come.
Even if you buy online, make a field trip to the camera store, and see how the body feels in your hands.
If its not quite right, keep looking.
You are going to be holding your camera quite a bit - it should be a pleasing experience.