WORLDPOST
02/14/2009 05:12 am ET | Updated May 25, 2011

Vietnam Pushing To Become Capitalist Powerhouse (VIDEO)

In the U.S., Vietnam has been largely out of public view in the three decades since the war. But during that time, Vietnam has gone through remarkable changes, and is now on the road to becoming an economic powerhouse.

Following a 2001 agreement with the U.S., trade between the countries has grown from $1.5 billion to $10 billion each year, and Vietnam has drawn many of the biggest U.S. firms.

But Vietnam also faces enormous challenges, with insufficient roads and infrastructure as well as significant inflation.

Worldfocus special correspondent Mark Litke and producer Ara Ayer travel to Vietnam, where an American Ford plant bustles outside of Hanoi.

Check out more WorldFocus stories.