"It's not against the law to play golf, " said Le Kien Thanh, vice chairman of the Vietnam Golf Association.

WSJ: Vietnamese Investors Sink Savings Into Golf Memberships

"Over the next five years, there is no doubt that Proton can survive because of the protection it has, " says analyst Loke Chee Kien of Sarawak Securities.

CNN: Local Win, Global Worries