Asia | Vietnam

Hero to zero

The Communist Party sticks to its principles and the economy stalls

|HANOI

AMID the bustling trade and raucous traffic of the Vietnamese capital, innumerable banners exhort citizens to “Celebrate the Spring, Celebrate the Party.” These days, Hanoians do not have much to celebrate. Not long ago, Vietnam was one of the developing world's pin-ups. Now it is lagging badly.

This article appeared in the Asia section of the print edition under the headline "Hero to zero"

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