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NOTHING IS PERMANENT EXCEPT CHANGE

So while Vietnam’s economy continues to burn along, it’s unlikely to continue to without further lifting the heavy burden of state-owned enterprises and the state. That’s the dilemma, at a different stage, for China too.

Yet these institutional and political systems may prove a substantial burden as a country tries to move further up the income and technology ladder. How Vietnam’s current political clamp down affects its investment environment and the vigour of its economic growth over time is therefore an open question.

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