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I seen a thread in which stating Spain had conquered the Vietnamese capitol in the 19th century but gave it to France afterwards and the OP was bemoaning that this was a huge mistake because Vietnam was a huge cash cow and it would have given Spain much needed money during the economic recession it was suffering in the same century.

So I am curious about this scenario.

1)Spain does exactly that in the 19th century

2)Spain attempts another Philippines on Vietnam
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