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Rekenthaler Report

Why Vietnam Is Booming

Don’t look to its government for the reasons.

(John Rekenthaler is currently on vacation in Vietnam but still writing; this column was inspired by his visit.)

Boom Towns
The bicycles are gone, replaced by Honda scooters. Satellite dishes adorn village roofs. The fashionable youth in Saigon, the nation’s wealthiest spot, cluster in Starbucks, where they sip coffee drinks that are made and priced as if in the United States. The children giggle as they wait in lines at the fast-food chains. Some of them are chubby.