Vietnam needs to cool it: Asian tiger suffers from inflation and corruption

HO CHI MINH CITY, Vietnam — Four years ago, the future looked bright for Vietnam.

Investors and economists proclaimed that this emerging market of 86 million people would grow into an “Asian tiger,” the next country to reach middle-income status by attracting foreign investment.

Firms that once sought Chinese labor were diversifying into Hanoi and Ho Chi Minh City, eyeing the young and cheap workforce.

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