Economist Podcasts Get rich, quick: Vietnam’s next revolution
63 snips
May 23, 2025 
Ethan Wu, Asia business and finance editor, and Shoshank Joshi, Defense editor, dive into Vietnam's ambitious economic transformation. They discuss the challenges and aspirations as the country aims to become an upper-middle-income powerhouse. The conversation shifts to the U.S. Army, highlighting pivotal reforms for modern warfare. They also share a fascinating look back at the Apollo 13 mission, showcasing how ingenuity and teamwork can triumph in crises. Tune in for a mix of economic insights and historical heroism!
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Vietnam's Economic Growth Limits
- Vietnam rapidly grew by opening markets and attracting foreign manufacturers like Samsung and Nike.
- Its manufacturing model is running out of steam due to rising labor costs, tariffs, and environmental challenges.
Innovation vs State Control Tension
- To Lam wants a dynamic economy powered by innovation but faces tensions with state control.
- Universities are censored, state companies dominate, complicating the push for freedom and innovation.
US Army's Modern Reform Vision
- The U.S. Army is undergoing major cuts and modernization to focus on mobility, technology, and drone warfare.
- It shifts towards electromagnetic dominance and lighter, more mobile forces to face China and Russia.