Asia | Vietnam
Hero to zero
The Communist Party sticks to its principles and the economy stalls
|HANOI
AMID the bustling trade and raucous traffic of the Vietnamese capital, innumerable banners exhort citizens to “Celebrate the Spring, Celebrate the Party.” These days, Hanoians do not have much to celebrate. Not long ago, Vietnam was one of the developing world's pin-ups. Now it is lagging badly.
This article appeared in the Asia section of the print edition under the headline "Hero to zero"
From the March 31st 2012 edition
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