Search results
Results From The WOW.Com Content Network
North and South Vietnam therefore remained divided until the Vietnam War ended with the Fall of Saigon in 1975. After 1976, the newly reunified Vietnam faced many difficulties including internal repression and isolation from the international community due to the Cold War , Vietnamese invasion of Cambodia and an American economic embargo. [ 2 ]
Destruction caused by the 1954-1975 Second Indochina War (commonly known as the Vietnam War) seriously strained Vietnam's economy. Across Vietnam, the situation was worsened by the country's 3 million military and civilian deaths and its later exodus of 2.1 million refugees, including tens of thousands of professionals, intellectuals ...
Streamlining the bureaucracy began with SOE restructure and reducing their number and importance in the national economy through privatization. Conventional wisdom in post-Cold War economics favored privatization reforms and cast a pessimistic light on Vietnamese SOEs, noting that SOEs still account for about 40% of Vietnam's economic output.
Vietnam’s economy Global trade slowed in 2023, as elevated energy prices and persistent inflation weighed on Vietnam’s export-driven and manufacturing-led economy. Politics also played a role ...
Anhao Paper Factory, 1961. South Vietnam had a small industrial sector and fell far behind other countries in the region in this respect. [1] Output increased 2.5 to 3 times over the 20 years of the country's existence, but the share in total GDP remained at only around 10%, even dropping to 6% in some years, while the economy was dominated by strong agricultural and service sectors. [1]
The politics of Vietnam is dominated by a single party under an authoritarian system, the Communist Party of Vietnam (CPV). The President of Vietnam ( Vietnamese: Chủ tịch nước ) is the head of state , and the Prime Minister of Vietnam is the head of government .
The New Economic Zones program (Vietnamese: Xây dựng các vùng kinh tế mới) was implemented by the communist Việt Cộng and Socialist Republic of Vietnam after the Fall of Saigon. Between 1975 and 1980, more than 1 million northerners migrated to the south and central regions formerly under the Republic of Vietnam .
Vietnam has argued to be freed of the non-market label because of recent economic reforms, saying retaining the moniker is bad for increasingly close two-way ties that Washington sees as a ...