Winning the Vietnam War proved easier than winning the peace. Since 1975, the reunited country has faced the problem of how a poorer, planned economy in which state ownership and control could successfully absorb a more advanced, capitalist economy. In addition, the collapse of communism and the end of the Cold War heralded a new age in Vietnam's internal and external relations.

Vietnam traces developments since the end of the Vietnam War, including recent economic reforms, the politics of the Communist Party, and the re-establishment of relations with the United States. It gives a comprehensive and informative overview of the current political and economic situation in Vietnam today.