That's a bit exagerated. Certainly, like the Communist Red Chinese, Vietnam has seen the value of allowing industry to interact with the West, and to allow partnerships with Western companies. But the Communist Party still controls the political space of Vietnam, still tortures, maims and kills people and still holds the goal of the defeat of the West.
Well basically that's what I was trying to say. We are now even negotiating to get the base at Cam Ranh Bay back. They fear the Chicoms as much as anyone. But that having been said, life still sucks for the people of Vietnam. But for Vietnam to be a threat, they needed the backing of a power the likes of the Soviet Union, which they don't have anymore.