Friday, May 23, 2014

Traded for a Vietnamese player who can hit a curve ball, to be named later

It was Sriracha Night at Safeco Field--game won by the Mariners, by a toe. And we have Ho Chi Minh to thank for it all;
Abundant anecdotal evidence also suggests the overseas Vietnamese take an active role in fostering trade between the US and Vietnam. One particularly poignant example is that of David Tran, once a major in the South Vietnamese army, who fled from Vietnam in 1979 following the Sino-Vietnamese war. After time in a United Nations refugee camp, he arrived in the US in January 1980. After settling in Los Angeles, he established Huy Fong Foods, naming his company after the Taiwanese freighter on which he left Vietnam. Chief among Huy Fong Foods' products is Sriracha sauce, a global brand which totalled sales of $60 million in 2012. Strikingly, 80% of these sales were exports to Asia. Tran is just one example among hundreds of thousands of entrepreneurial Vietnamese settled in the US from 1975 onwards that foster trade with Vietnam. Many Vietnamese businesses provide information and business services to US multinationals wishing to do business in Vietnam and help them navigate through a multitude of legal hurdles. For example, the first companies that established long-distance telephone and flight services to Vietnam after 1994, drastically reducing information barriers between the two countries, were founded by Vietnamese migrants.
When life gives you totalitarian tyranny, make hot sauce.

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