Vietnam's Fast Economic Growth Is Quietly Slipping, But No One Cares

In central Ho Chi Minh City, financial hub of the fast-growing Vietnamese economy, 20-somethings with designer hairdos jump out of polished black sedans to pack the coffeehouses on every block and fill restaurants serving sushi and chicken in passion fruit sauce. Ho Chi Minh City still lacks the traffic gridlock of Asian peers such as Bangkok and Jakarta, but you’re starting to wait an extra turn at traffic lights during peak hours. One peak came on a Sunday night in August just because, as a ...