Book excerpt: This book studies Vietnam's emergence as a major actor in Southeast Asian and global affairs. It focuses its analysis primarily on the period since 1995 when Vietnam became the seventh member of the Association of Southeast Asian Nations (ASEAN). The analysis considers the impact of the Asian financial crisis on Vietnam. The contributors explore the sea change in Vietnamese foreign policy that emerged in the late 1980s and early 1990s as Vietnam moved from dependency on the Soviet Union to a more balanced and multilateral set of external relations.