Vietnam Seeks to Restart Economy

As investors are far too painfully aware, Vietnam, which captured the affections of global investors when its growth reached 7.2 percent between 1990 and 2010, has begun to sink into despair. Having lived on hubris for two decades, the Communist government is now trying to dig its way out by saying it would reform its bloated and inefficient state owned enterprise sector and invite in foreign investors. But it has tried that before and the results were minimal. Although political infighting has crippled both the president and prime minister, they can hardly be cast as reformers in any case.

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