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July 29, 2014

Ho Chi Minh would be appalled if he could see Vietnam now.

The ruling Communist Party knows better than just about anyone that communist economics are a disaster.
Vietnam’s economy has been growing at light speed for a while now. I knew that in advance, and yet it still stunned me. The city trembles with industriousness and entrepreneurship. Small and large businesses are everywhere. Half the residents seem to be in business for themselves. Anything and everything you can possibly imagine is for sale, though it’s not all high-end yet. I saw a Louis Vuitton outlet next to a bootleg CD store, an elegant Western-style café next to low-end bar with hard chairs and no air-conditioning, a Body Shop next to a used clothing store with cast-off second-hand T-shirts from the West, and an art gallery next to a store selling old pots and pans.
Welcome to Vietnam | Michael Totten

Posted by gerardvanderleun at July 29, 2014 9:41 AM. This is an entry on the sideblog of American Digest: Check it out.

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