Ian Bremmer – The Rise of Vietnam (Foreign Policy)

Ian Bremmer. “The Rise of Vietnam,” Foreign Policy, February 25, 2010

"A few years ago, Vietnam looked set to lead the pack among "frontier markets," the next wave of emerging players to offer cutting-edge growth and investment opportunities. Banks were setting up Vietnam funds. Unfortunately, the country’s sometimes profoundly inadequate civil service, its amateurish management of economic risk, and the continuing power of more advanced emerging markets to dominate investor interest combined with the global slowdown to hit the country harder than some of its neighbors. The highest inflation rate in the region in 2008 threatened the political survival of reformist Prime Minister Nguyen Tan Dung. For all these reasons, Vietnam’s sunrise dropped back below the horizon."

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