Vietnam 's Economic Transformation And Foreign Investment Attractive Destination

Production was nonexistent. Northern industries and infrastructures were systematically ravaged by the military might of the United States. The South fared little better. Viet Cong attacks disrupted significant economic activity. The fall of Saigon ended this murderous conflict in 1975. The country was united again under communist economic tutelage. This correlated to huge drain of human capital. By 1982, close to 1 million people fled the country; among them tens of thousands of professional, intellectual, technicians, and skilled workers. The next decade (1976 - 1986) saw the economy of Vietnam plodding along under the weight of central planning. The Vietnamese economy has been plagued by enormous production difficulties, supply and demand imbalances, inefficiencies in distribution, soaring inflation rates, rising debt problems, excessive governmental corruption and illegal asset confiscations by authorities. Vietnam is one of the few countries in modern history to experience a sharp economic deterioration in a postwar reconstruction period. Its postwar economy was one of the poorest in the world and has shown a negative growth in total national output as well as in agricultural and industrial production. Cracks began to appear in the facade of the communist command economy. In 1982, a compromise was reached. Excess food production was allowed to be sold at markets or sold to the State for profit. Free enterprise was sanctioned and small export firms were established to try to sell on the export markets. Planning started to unravel from the rigid communist system and decentralization was allowed to flourish. This activity culminated with the Doi Moi reforms to economic activity. Doi Moi (Vietnamese Perestroika) combined free market incentives (profit!) with government planning. The program abolished agricultural

The political instability in Vietnam from 1950 to 1975 between the communist North Vietnam and anti-communist South Vietnam during the Cold War era has led to the United States’ inevitable intervention in Vietnam. The main motivators for the United States’ incremental decision to intervene and commitment in Vietnam can be viewed as an accumulation of socio-political, political and economic catalysts. In recognition that there were many other factors that may have contributed to the U.S’s involvement in the conflict in Vietnam, this essay will largely focus on these three factors. As the cold war resonates, the American’s crusade was propelled by the fears of the domino theory and perception of Communist threat and expansion affected the

“Colonial officials and French companies transformed Vietnam’s thriving subsistence economy into a proto-capitalist system, based on land ownership,

The Fall of Saigon on April 30th, 1975, marked the end of nearly two decades of fighting between the Russia and China backed communist North Vietnam and the US backed right wing South Vietnam. When the North Vietnamese army entered Saigon, the free world was horrified at what it believed to be major drawback in its attempt to defeat communism around the world. In accordance with the domino theory, that same year, the capitals of neighboring former french colonies, Cambodia and Laos, both of which were also run by right wing regimes supported by the US, fell to communist insurgencies Khmer Rouge and Pathet Lao respectively. It took the communists three decades, millions of lives, and the destruction of billions of dollars in infrastructure and assets overthrow these western backed governments. So what gave these people, especially in Vietnam, incentive to sacrifice so much to “free” themselves from those governments and embrace communism as their system of governance? As this question is answered, it is important to identify aspects of the communist ideology that appeal to the general population, as well as how it goes along with Vietnamese culture, the actual practice and execution of the ideology.

The global financial crisis has affected severely on Vietnamese exports. After joining the WTO, Vietnam’s trade has become depend on global

The Cold War era proxy war known as the Vietnam War wrecked global havoc during 1955-1975. Although the destruction on the ground occurred in Vietnam, Cambodia and Laos, the bloodshed of the war was just one part of a much larger worldwide communism versus capitalism battle headed by the United States and the Soviet Union. For the U.S., diplomatic and military policies had never before been so tightly intertwined with domestic policies. The war in Vietnam had such an impact on the home front in America that the term, “The Vietnam Syndrome” is still repeated to this day. The war, which is sometimes seen as a part of the larger anti-communist policy of ‘containment’, is largely to blame for the near destruction of three presidencies, as well as causing numerous political and social divides, a detrimental effect on the U.S. economy, and a credibility gap that caused distrust between government and the people. The focus on the war meant that many domestic issues such as the civil rights movement, the war on poverty, and Johnson’s ideology of the ‘Great Society’, were neglected by the government and therefore limited in their progress. The overall domestic impact of the war in Vietnam was largely negative and extremely divisive.

In 1975 Vietnam was taken over by communists from the north side of Vietnam government. People who worked for the south Vietnam government were killed by communists from the north.

After the Vietnam War, North Vietnam was able to take over South Vietnam because the United States pull their troops out of South Vietnam. This would allow Vietnam to be reunited, it also allows Vietnam to rebuild the country. Rebuilding Vietnam was not an easy task. In the southern part of Vietnam many citizens were still under the influence of Democracy. This political idea would make the South Vietnamese citizens mainly anti-communist which would intervene with the governments orders. This situation would harder for the Vietnamese government. The Vietnamese government needed all of their citizens’ full cooperation to help fix the damages that was done during the Vietnam War. Eventually the whole country would work together to rebuild the

During the years of the Vietnam War, the economy of the country itself was nowhere near that of some of its major Asian country counterparts. After the war, the economies of North and South Vietnam rose which made foreign countries help with the

This dramatic change which occurred in less than 25 years is all due to the conflict theory. Without the Battle of Bach Dang it is possible that Vietnam could still be under Chinese rule and the people would continue to be exploited.

There are only five current communist country in the world: China, Vietnam, Cuba, Laos, and North Korea. Communism is a political theory derived from Karl Max, advocating class war and leading to a society in which all property is public owned and each person works and is paid according to their abilities and needs. My uncle’s name is Bi Hoang; he is fifty-five-year olds. He had a long time working for a group against the communist government in Vietnam. He started talking to me by a joyless voice about what happen to him and Vietnam at that time. When the United State took over Vietnam, they fought from the northern to southern of Vietnam. There was a group of powerful people gathered up and abetted for the U.S oppress Vietnam. When the southern realized that, they were so angry and willing to fight back all the Communist group and the army from the United State. I asked, “Why the northern and the southern acted differently in Vietnam?” He replied, “When people are too weak and have no power, they tend to follow the powerful one and do whatever they can do to make them become powerful.” The people in Vietnam as that time have two options to choose: one is that they will have to abetted to the opponents to live a property life; the second choice is willing to fight back, not become slave to any other countries. They have no rights to live a freedom or

The Vietnam War, ranging from 1955 to 1975, began the start of a new age; an age where death and war were no longer glamorized and the people were surfeited with the constant fighting. Originally, Vietnam was seen as a “great testing ground in the struggle between democracies and Communism” (Brokaw 131), with the domino theory being a very credible threat. But as the war continued, both the Home front and the soldiers of the war began to

The Vietnamese history according to Jonathan Neale, have a long time battle of invasion and colonization by foreigners. Vietnam is a united nation who’s willing to fight and protect their lands and freedom from their enemy with bloods and souls. Before the Vietnam War begins, Vietnam is of one French’s colony in Southeast Asian along with Laos and Cambodia in the late 1800’s, which collectively called the Indo-China. When the French took over Vietnam, they started to change the Vietnamese’s economy by minimizing the local resistance under the “divide and strategy” rule to prevent the Vietnamese unity by creating caste system between local landlords and rice farmers. Under this rule, the landlord’s job is to take over all the lands from the

Vietnam is considered to be a lower middle income country in the East Asia & Pacific region. As of February of 2016, Vietnam has a population of 94.08 and is 1.27% of the total world population. Vietnam’s economy has been growing since 1990 through free trade and programs to develop the economy. The country is transitioning from a developing, agrarian economy to one more urban and industrialized. The country hopes to expand their contributions to the global marketplace from low cost labor and agricultural products to more innovative and higher valued products and services. In 2015, exports were 89.8% of the country’s GDP, while imports were 89% of GDP (WorldBank). To compare, exports were just 36% of GDP and imports were 45.3% in 1990.

Improving the value of exports is the primary goal of Thailand’s international trade policy. The Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) was established as an effective cooperative strategy for gaining market advantages through regional market integration. Thailand aims to capitalize on trade agreements by networking and entering partnership with neighboring countries. Currently, Thailand’s cross-border trade in the Greater Mekong Subregion (GMS) plays a crucial role in globalization, because it facilitates rapid and convenient trade and investment. Countries seek new export markets to disperse the risk of domestic market concentration, as evidenced by the economic recessions affecting