Long Run Growth Of Viet Nam

Decent Essays
Phuong Huynh
Econ 801

Long run Growth in Viet Nam

In recent years, Viet Nam has become the fastest growing industry in East Asia, the long run growth of this country economy can be illustrated in several historical periods. The paper will begin with the historical time before and after the Economic liberalization _ Doi Moi in 1986.The the study will focus on the time when Viet Nam joining the World Trade Organization (WTO) at 2007 and finally is the performance of government in recent years.

The Back Ground of Viet Nam Economy
Viet Nam is a growing and transforming economy, the country is in the group of the highest growth rates countries in the world. The country has succeeded in maintaining an average growth
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Historical Events in Economic Growth
The Hồng Bàng period, likewise called the Hồng Bàng Dynasty, was a period in Viet Namese history crossing from the political union in 2879 BC of numerous tribes of the northern Red River Valley to the victory by A Dương Vuong in 258 BC.
The economy was mostly depend on rice paddy cultivation and crafted works, hunting and gathering, farming and fishing. Particularly, the aptitude of bronze casting was at high level. The well-known relics are Đông Sơn Bronze Drums on which delineated house models, fashion, custom, and social activities of the Hùng period. After this long last time based on farming and fishing, the country try to implement the policy of specialize the best product in each provinces and urban areas.
In the mid-19th century, Vietnam 's economy is under the French colonial economy and protectionism. This is the period when the French invaded Vietnam, this time in Vietnam grew at only 2.5% to 3%, after the French captured six provinces of South America, growth in South America this time up to 6%.Vietnam 's growth rate was up about 6% steady. Moreover, the Vietnam 's economy was raised up to 8% in level. Facing pressure world economic crisis in the 30s, Vietnam 's economy declined in a significant amount. However, patriotic revolutionary boomed everywhere in both the North and
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