The Vietnamese Dragon is definitively airborne. And the speed with which the country’s economy took off is enough to leave one flabbergasted. In just over twenty years, Vietnam went from being a withdrawn country after decades of war and American embargo to being one of the most dynamic on the planet. According to PriceWaterhouse Coopers, Hanoi and Ho Chi Minh City should post the highest growth rates worldwide in the next fifteen years with average growth in the GNP by 7% on the period 2008-2025. Hopes are founded on the two great cities in the country that are surpassing all growth forecasts for Chinese and Indian cities. Major projects are underway for infrastructure, real estate development, tourism: all sectors are benefiting from this ongoing economic expansion. And, while Vietnam may have felt the crisis, the shock wave was softened and did not hamper the country as its economy caught up while taking full advantage of synergetic effects of China’s appeal. The parallel with its imposing neighbor does not stop at a simple matter of shared boundary. The two countries have mastered the art of making communism rhyme with capitalism. In 1986, the Vietnamese State launched its reformist "doi moi" - "the renovation "– policy intended to develop a private sector and open the country to foreigners. Doi moi in 1986, lifting of the American embargo in 1994, renewed diplomatic relations with the USA and entry into the Asean in 1995, admission to the WTO in 2007: these sequential stages studded the country’s emergence and saw the GNP grow from 8.5 billion dollars in 1985 to 23 billion in 1995, 43 in 2005 and 92.8 in 2009. Exportations leapt and so did importations, weakening the dong which was devaluated several times in recent months. Tourism has largely benefited from the country’s...