When Nguyen Tan Dung became Prime Minister of Vietnam two years ago, the
former central bank governor was widely viewed as a progressive who would
continue to drive the communist country's remarkable transition from
moribund planned economy to a booming capitalist one. But this year,
Vietnam's outlook has dimmed. While GDP growth remains strong at more than
7%, the inflation rate has rocketed to 25%, there have been a large number of
outbreaks of labor unrest and the stock market has plunged by nearly two-thirds since January,
making it the worst-performing in the world.