William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Few economies have pivoted from an inspiring success story to a cautionary tale faster than Vietnam.
Opinion
How Vietnam went from pandemic hero to COVID shambles
Leaders assumed that early successes meant vaccination programs could wait
Prime Minister Pham Minh Chinh, pictured in Hanoi on Feb. 1: Chinh's team knows the boom-bust cycle must end. © AP
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