Why Vietnam has overtaken us

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Source: The Manila Times
Published: 2026-06-21 02:02 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Military & Defence, Energy, Economy & Finance, Financial Markets, Trade & Sanctions, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
VIETNAM is one of the miracle nations of Southeast Asia. War and civil strife in the 1960s and 1970s had ravaged Vietnam’s economy, and many experts had seen little chance of the country recovering fast from its highly centralized socialist system. However, by the 1980s, the “Doi Moi” reforms introduced a shift from a socialist, centrally planned economy to a liberal, export-oriented one.
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