The Vietnamese Boom Is a Lie (and it's worse than you think)

On paper, Vietnam looks unstoppable. The economy is growing around 8% while the rich world scrapes past 2%, the stock market jumped more than a third in a year, trade blew past $930 billion, and a real middle class is spending real money for the first time. Every crane on the skyline tells the same story : Vietnam is booming.

But if you ask one boring question, the whole thing starts to fall apart.

In this video we look at what's really happening. Who actually owns the factories driving those exports? What does a "Made in Vietnam" sticker really mean once you trace where the parts come from? And why does the country everyone calls "the next China" sit right at the tail end of China's own supply chain?