Opportunity Knocks for Vietnam, but Will Hanoi Seize It?

HO CHI MINH CITY, Vietnam — Economic volatility and a restrictive political system have prevented Vietnam from fulfilling its potential as a significant Southeast Asian actor. But with the “China+1” effect — where rising costs in the Middle Kingdom push investment and manufacturing to other locations — likely to gather momentum, and amid unusually strong signals of reform emanating from Hanoi, there is renewed cause for optimism. The incentives to change have never been greater, and after several false dawns, the opportunity now being presented to Vietnam may be too compelling for even the hard-liners to resist. With a young […]

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