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Vietnam Welcomes America with Open Arms

December 7, 2014 by Llewellyn King 2 Comments

No grunt slogging through the jungles of Vietnam could imagine that in 2014, 41 years after the end of the Vietnam War, the Vietnamese would be welcoming back Americans as investors, tourists, advisers and protectors.

Next year is a big year in Vietnam. It is the 40th anniversary of the fall of Saigon, on April 30, 1975. It is also the 20th anniversary of the normalization of U.S. relations with Vietnam, a country where so much American and Vietnamese blood was spilled.

The Vietnam War started in the Eisenhower Administration, dragged down Lyndon Johnson’s presidency, and was ended in the Nixon Administration amid controversy that tore America apart and has informed its foreign policy ever since.

It will be remembered in the annals of war for the limits it revealed on mechanized fighting, and the challenge of asymmetrical fighting and wrong-headiness. But it also deserves mention in the annals of peace for the surprising speed in which the war has been put aside, especially in Vietnam, where the gory past has been buried and the future embraced.

Today’s Vietnam is a place where the United States is admired and emulated. And the Vietnamese want nothing so much as to be closer to Americans.

Twenty years ago when I traveled from Hanoi, south along the spine of the country, to Ho Chi Minh City, formerly Saigon, I was astounded by the way the war had been willfully forgotten: people I met did not want to talk about it.

Da Nang still was set about with hardened bunkers, Hue, which had been the national capital until 1945, was a sad ruin, but people were determinedly forward-looking. They wanted to know three things: how could they get American goods, how could sell their goods in the U.S. market, and what was the United States going to do about China?

A generation later, Vietnam is more passionate in its desire to get close to the United States. The government of Vietnam is making a new push for American investment, particularly in the privatization of infrastructure, which is still government-controlled and beset by inefficiency and corruption.

Vietnam Report, a business and data service, has just released a comprehensive white paper, prepared by Corr Analytics, a New York-based risk management consultancy, that paints an agreeable picture of investment opportunities, particularly in those industries that the Vietnamese government is anxious to hive off to the private sector. Of 432 projects identified by the government, Corr has honed in on what it believes to be the 31 best-investment targets. These range from opportunities — from a few million dollars to over $7 billion — in finance, infrastructure, manufacturing and petroleum.

The backstory is that Vietnam needs more than U.S. investment. As it struggles against China in the South China Sea, over territorial claims on small island groups that are thought to contain large hydrocarbon reserves, Vietnam wants the United States to be a visible friend.

There is even talk that the United States, might establish a naval base at Cam Rahn Bay, its legendary base and deep-water port during the Vietnam War. This, the argument goes, would compensate for the loss of the naval base at Subic Bay in the Philippines. Come back, Yanks.

Several analysts have told me that they believe Vietnam to be an excellent investment opportunity, but there are concerns. The government is nominally communist and there is only one party: the Communist Party. It is avowedly pro-business but faces human-rights issues, press-freedom issues, and the impartiality of the judiciary is questionable. Corruption is widespread and debilitating.

Yet Forbes magazine is looking to Vietnam as the new Asian investment haven. In the World Bank’s Ease of Doing Business rankings, according to Corr Analytics, Vietnam is ahead of major investment destinations such as China, India and Brazil. Vietnamese Prime Minister Nguyen Tan Dung has made it clear that his country is open for business – particularly American business.

Tourism is growing, especially at Vietnam’s superb beaches. Lauren Graham, who stars in the NBC drama “Parenthood,” has taken a bicycle trip with her father, a Washington lobbyist and fluent Vietnamese speaker.

Some who fought in Vietnam have joined the ranks of its boosters, like Tom Patterson, the famed Harvard professor, who is helping to develop a high-technology village near Nha Trang and Cam Rhan Bay, where he was once stationed.

The generational change also has made a difference. Much of the Vietnamese population was not born during the war. A new generation of Americans has been shaped by war in the Middle East not in Asia. — For the Hearst-New York Times Syndicate

 

Filed Under: King's Commentaries Tagged With: Cam Rahn Bay, China, communism, Corr Analytics, Dwight Eisenhower, Hanoi, Ho Chi Minh City, King Commentary, Lyndon Johnson, Nha Trang, Richard Nixon, Saigon, South China Sea, Subic Bay, the Philippines, U.S.-Vietnam relations, Vietnam, Vietnam War, WHC In Vietnam

Girding Against a Non-Existent Enemy

July 15, 2009 by Llewellyn King Leave a Comment

 

There is a new growth industry in Washington; one which will consume hundreds of millions of dollars before it has run its course, and one that is not needed. No, it is not a new government program. It is a new private sector movement to save capitalism, and it is spearheaded by the U.S. Chamber of

Commerce.

The Chamber has committed to raise and spend $100 million on an across-the-board effort to fortify capitalism through media and public affairs campaigns. It will be a big payday for public intellectuals who can whip up an audience about the incipient resurgence of, well, communism, socialism and maybe even monarchy.

Anyway government in general, and the administration of Barack Obama in particular, is sure to figure as the merciless opponent of capitalism, seeking to regulate it and nationalize it out of existence. Only Asia, it would seem, is immune from government’s dead hand. There, in the mythology of the times, governments work for capitalism, as with the Japanese Ministry of Trade and Industry and the global reach of China.

 

To be believe this you have to swallow hard and affirm that bureaucrats of Asia are oh-so-smart, while those of the United States and Europe are stupid, incompetent and out to promote failure.

 

The Chamber, one hastens to point out, is not the villain here; it is, if anything, the victim. A lot of Chamber members really believe that capitalism is endangered by the Obama administration and its preparedness to intrude into markets. This belief has been fed, this paranoia has been indulged by the far-right wing and its protagonists in the blogosphere and broadcasting.

 

The fact is that capitalism–the world of willing buyers and willing sellers–has been around since the dawn of human history. It is as natural, as native, as fundamental to human society as the quest for God or the organization of the family. Probably as old as the market itself are the rogues who distort the market for excessive gain. Christ did not throw the moneychangers out of the temple for praying too fervently. Nor did Lehman Brothers collapse because it was timid about leverage.

 

Equally, capitalism has had an historic problem with social justice. No less a philosopher of capital’s virtue than Irving Kristol, inventor of neo-conservatism and father of its proselytizer, Bill Kristol, has pointed out that capitalism would not find fault with slavery or worker exploitation. Other institutions must seek that rectification. In Kristol’s words, “Two cheers for capitalism.”

 

Capitalism’s great enemy was, of course, Karl Marx and his collaborator,

Frederick Engels (Lenin was an adapter). But after much struggle, communism, or anti-capitalism, failed abysmally. It was the worst social and economic experiment ever and its few remaining adherents, like Cuba, are themselves economic and social failures.

 

Daniel Yergin, author of “Commanding Heights,” makes the point that capitalism has swept away any thoughts that communism has a future. Yergin’s commanding heights are controlled by capitalist nations.

 

Yet the fear that the armies of controlled economies are on the march still haunts many business people, who should know better. There is plenty of irony to go around in this fight against nothing.

Health care is the Trojan horse of those who see the enemies of capitalism on the march. Ironically, it is the Chamber which has called for manufacturers to be saved from the burden of health care. It has also called for normalization of relations with Cuba and a national gasoline tax.

Capitalism is not in danger. Even Britain’s venerable Labor Party had shed most of its socialist principles to compete and win under Tony Blair. The great writer H.G.Wells, one of the fathers of science fiction (“War of the Worlds”), predicted that socialism would defeat capitalism because it was a system and capitalism was not.

Wells had it exactly wrong. Capitalism is a dynamic system and socialism or its extreme, communism, is not. –For North Star Writers Group

 

 

Filed Under: King's Commentaries Tagged With: Bill Kristol, capitalism, communism, Daniel Yergin, H.G. Wells, Irving Kristol, socialism, U.S. Chamber of Commerce

Fatigue as the Ultimate Healer

March 19, 2009 by Llewellyn King Leave a Comment

 

 

I first encountered the healthy corrective of fatigue when I was a young writer for a television news service in London. I was chronically late. Every interview I did started with an apology. Every day when I showed up for work, I was late. My supervisor would look at me and at the clock and sigh.

 

One day, I decided that the price of being late was too high: If you have to start with an apology, you never get a decent interview and the long face of my supervisor was painfully reproving. I was tired of my self-imposed misery. I was fatigued with my own sloth. Since that time, I have been fairly punctual.

 

Fatigue, it seems to me, can be motivator in governance and foreign policy. Take the three great revolutions of our time: accommodation in Northern Ireland, the collapse of apartheid in South Africa and the end of the Soviet Union. I submit that in all of these, fatigue played a critical if not seminal role.

 

I have been in and out of South Africa all of my life. Sure sanctions and international pressure played a role in bringing about change. But there was something else at work: fatigue. The people of South Africa were very tired of their own creation. Driving across South Africa in the 1970s with an African relief driver, I ran into what used to be called “petty apartheid”: segregated places to eat. As a result, we took out food and ate it in the car. But at two roadside eateries (they were few and far between), the owners apologized to me for the offensive law. The weight of the injustice was getting to them.

 

That was the first time I saw a sufficient glimmer of hope that peaceful change would come, as it did.

 

In Northern Ireland it appeared that the sectarian violence, which emerged in 1963, would go on forever. Catholics and Protestants were killing each other in barbarous ways and terrorism was spreading into Britain. Over the 15 years I participated in a think tank in Ireland, I heard endless speeches from both sides about the hopelessness of the situation in which the Irish Republican Army, the right-wing Protestant “hard men” and the British Army fought a triangular terrorist war.

 

On a summer’s morning in 1982, there were two terrorist attacks in the center of London. A car bomb was detonated as 16 members of the Queen’s Household Cavalry trotted along a Hyde Park’s South Carriage Drive; and less than two miles away, in Regent’s Park, a military bandstand was blown up. Toll for the day: 10 soldiers killed, 55 injured. The I.R.A. claimed responsibility for the strikes. All of Britain was on a terrorist footing, but that did not stop an attack on Prime Minister Margaret Thatcher in Brighton, England two years later.

 

By the 1990s, you could sense a change in Ireland: People were tired of the killing and living in fear. Without that fatigue, that revolution, the Good Friday agreement of 1998 and power-sharing, would not have happened.

 

Likewise by the late 1980s, the Soviet Union–the edifice of communism with its incompetence, its privations and its paranoia–had lost the loyalty of the people and the terror apparatus of the state was failing. Russians were tired of it and Poland was in near revolt. Mikhail Gorbachov loosened the reins and things hurtled forward.

 

Alas fatigue is not a policy, not even a strategy. It is just a reality; a factor in protracted disputes, oppressive governance and pervasive injustice.

 

When, then, will fatigue set in between combatants in the Middle East, the oppressed of North Korea or the misgoverned of Africa? According to my theory of fatigue, these things are overdue. But it is easier to fix your own timekeeping than history’s.

 

 

 

 

 

 

 

 

Filed Under: King's Commentaries Tagged With: apartheid, communism, Northern Ireland, South Africa, Soviet Union, The Troubles

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