Granted, the worst case scenario did not happen (Australia was spared communist takeover), but what actually happened was horrific, nonetheless. Laos and Cambodia fell to communism, in part thanks to communist forces from Vietnam.
And anyone who pulls the line of "independence from foreign domination" should have a talk with the grey hairs in your local Vietnamese neighborhood, here, in the States. They'll let you know how much people in South Vietnam wanted nothing to do with the tyrannical regime in the North.
Furthermore, one cannot disparage South Vietnam as a puppet regime without also disparaging South Korea, Taiwan, or West Germany for that matter.