Vietnam’s socialist dream hits on hard times

Mounting debts, low tax collection and years of wasteful spending have forced public spending cuts at a time wealth inequality is rising

Pupils wave national flags during a ceremony at a local elementary school in Hanoi, Vietnam, on September 5, 2014. Photo: AFP/Hoang Dinh Nam
Pupils wave national flags during a ceremony at a local elementary school in Hanoi, Vietnam, on September 5, 2014. Photo: AFP/Hoang Dinh Nam
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