Oversupply threatens Vietnam growth

On any list of future Asian tiger economies, Vietnam has a place at the top. Its nearly 7% growth rate is close to China's, it boasts an emerging middle class and it is even winning some foreign investment. Vietnam also is embracing globalisation on its own terms. It wants the benefits that come from the free movement of capital, goods and people, but not a McDonald's or 7-Eleven on every corner. This go-slow approach may help Vietnam's 80 million people avoid the boom-and-bust cycles that slammed so many others in Asia. Along with the many reasons to be bullish on Vietnam, there is a...