SOUTHEAST ASIA: Toward a New Balance of Power

In the wake of the collapse of Saigon's Thieu regime four months ago, North Viet Nam has been emerging as a major Southeast Asian power. When, for example, a mausoleum honoring the late Ho Chi Minh was unveiled during Ha noi's recent independence celebrations, the ceremony was attended by dozens of visiting foreign dignitaries. To assess Southeast Asia's changing geopolitical landscape, Otto Fuerbringer, editor of magazine development at Time Inc. and former managing editor of TIME, toured the region and talked with many of its leaders. His report:

The shape of Southeast Asia's...

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