AT THE CROSSROADS…
Dr. Alan Phan outlines his views on Vietnam’s economic prospects for the next six months: The root of this economic malaise may be seen to have originated from two opposing forces: the liberal reformers, who were quick to listen to the IMF and other “experts” sent in from the American-European institutions (not to mention the “cheerleading” from foreign fund managers); and the conservatives, who thought whatever works in China would work equally well in Vietnam, just on a smaller scale.