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Vietnam Is Following China in its Economic Development

Vietnam is imitating China in its efforts to grow economically and lags its larger neighbor only by about a decade, experts say. The two communist countries, though political rivals, have built up their state-controlled economies on job creation through factory work for export. China opened that effort to foreign investment in 1978 and Vietnam got started 10 years later. Now Vietnam is grappling with corruption, traffic gridlock and the sinking performance of state-run companies...

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