Investors worried over Vietnam

Asian nation once synonymous with economic growth, now struggling with inflation and incompetence.

vietnam troubled economy - steve chao pkg

Vietnam has long been hailed as the next Asian Economic Tiger, a country that could one day join the ranks of South Korea and Japan.

But investors and financial analysts are increasingly lowering expectations, saying the communist government is not addressing many economic troubles.

Communist Party leaders are set to vote on several leadership positions during a five-yearly congress this week. Their decisions are seen as crucial to saving Vietnam from what some fear could be a year of economic calamity.

Al Jazeera’s Steve Chao reports from Hanoi.

Source: Al Jazeera