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Vietnam needs a policy for its growing middle class

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Signs of Vietnam's growing middle class are everywhere, including this busy Circle-K convenience store in Hanoi.   © Reuters

As the 30th anniversary of Vietnam's sweeping Doi Moi -- or "open door" -- reforms approaches, the country is often presented as a poster child for economic development.

     Under the reforms, which opened the way to a partial market economy, the communist country has done much to promote growth and alleviate poverty. With an economic growth rate of 6% last year, according to the World Bank, its successes have been acknowledged internationally.

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