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Opinion

Vietnam must turn coronavirus success into economic growth

Country has acquired financial and political capital in US-China trade war too

| Vietnam
People ride motorbikes after the government eased nationwide lockdown in Ho Chi Minh on Apr. 25: this is no time to pop the champagne corks.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

First, it looked like Vietnam was having a good U.S.-China trade war, quietly grabbing much of the factory business fleeing the mainland's shaky economy. Now it seems to be escaping the worst of the coronavirus pandemic, officially avoiding any deaths. But will its leaders take this chance to remake its uniquely trade-reliant economy? Or is it going to waste all the capital it has now acquired?

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