Why Vietnam admires capitalism (Rainer Zitelmann, 4/04/24, The Article)


Why Vietnam admires capitalismHo Chi Minh city, Vietnam & Capitalism (image created in Shutterstock)
Officially, Vietnam calls itself “socialist”, but ever since the Doi Moi reforms at the end of the 1980s, the country has been steadily moving toward a market economy. Vietnam has opened up to the outside world more than China, it welcomes private investors, and an entrepreneurial spirit is making itself felt throughout the country. […]

In contrast, the two countries that describe themselves as socialist – as Vietnam does – receive the lowest levels of approval: only 40 percent of Vietnamese respondents admire China’s economic system, while 55 percent say they disapprove of it. The proportion of respondents who like North Korea’s economic system is even lower, at 35 percent, while 38 percent reject it.

We won the war.