We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Vietnam Economic Development - Essay Example

Comments (0)
There is a major transformation occurring in Vietnam. Pessimist would guess that the region is again subject to turbulent times such as the war it experienced in the not so distant past. However, this is far from the case. The nation is actually performing well in improving its economy which is remarkable given that most of its infrastructures and basic service units were virtually demolished during the Vietnam War…
Download full paper
The Vietnam Economic Development
Read TextPreview

Extract of sample
The Vietnam Economic Development

Download file to see previous pages... In this paper, I am to delineate this similarities and how it can be used to forecast the economic growth of Vietnam. To do this, I examine not only the economic but also the social and political similarity between the two countries. I then proceed in discussing the implications of this similarity in the future developments in Vietnam's economy.
Vietnam, with the official name of Socialist Republic of Vietnam, is located in the South East Asia and constitutes a land rich in history and culture. It is bordered by China to the north, Laos to the northwest, and Cambodia to the southwest. On the country's east coast lies the South China Sea. With a population of over 87 million, Vietnam is the 13th most populous country in the world.
Vietnam was formerly a Chinese territory but as with most Asian nations, the country fell under the yoke of colonial powers particularly that of France. The clamor for independence soon became powerful so as to initiate armed resistance. After years of guerrilla warfare leading to the 1953-1954 take over of the French fortified a base at Dien Bien Phu, the French government agreed to negotiations to end the war. However, the country was divided at t the 17th parallel, with the Vietminh in the North and the French and their Vietnamese supporters in the South. In 1963, the deteriorating political situation and the fear of the spread of Communism by the Americans resulted to the Vietnam War which pitted South Vietnam supported by the United States of America against North Vietnam which ultimately saw the victory for Communist North Vietnam and the unification of the Vietnam people.
Upon taking control, the Vietnamese communists banned all other political parties, arrested public servants and military personnel of the Republic of Vietnam and sent them to reeducation camps. The government also embarked on a mass campaign of collectivization of farms and factories. Reconstruction of the war-ravaged country was slow, and serious humanitarian and economic problems confronted the communist regime. In a historic shift in 1986, the Communist Party of Vietnam implemented free-market reforms known as Doi Moi. With the authority of the state remaining unchallenged, private ownership of farms and companies, deregulation and foreign investment were encouraged. The economy of Vietnam has achieved rapid growth in agricultural and industrial production, construction and housing, exports, and foreign investment. It is now one of the fastest growing economies in the world. (Sullivan, 2006)
3.0 Social Similarity between Vietnam and South Korea
In the Asia Pacific Region, one can find another country besides from Vietnam having experienced rapid economic development in the world since the 1960s. South Korea, which has the 3rd largest economy in Asia and the 11th largest economy in the world, has been defined as a High Income Nation by the World Bank and is listed by the United Nations as a prosperous nation.
In terms of social beliefs and culture, the Vietnamese and the South Koreans are heavily influenced by Confucianism. At the heart of Confucianism are two fundamental principles, the necessity of correct behaviour and the importance of loyalty and obedience. Confucianism was firmly implanted in Vietnam during the thousand years of its occupation by China ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
U.S. Involvement in Vietnam War
U.S. Involvement in Vietnam War Herring focuses on the American side of the war, but still gives a comprehensive outlook of Vietnam. He portrays the main reason of America’s involvement in Vietnam to be anticommunist tendencies. America’s cold war policy was the main cause of progressive and escalated involvement in Vietnam.
3 Pages(750 words)Essay
Politics in Itself Can Be a Major Force in Determining Growth and Development of a Country: Vietnam and Bengladesh
Usually, the cause of political dysfunction is the lack of professionalism in the political market (Roy, 2005). In order for a state to run smoothly, politics must synchronize with the economy. Sustained policies take a number of votes from the apprehensive individuals who rule the state (Nithiyanandam, 2000).
10 Pages(2500 words)Essay
Why Did the US Become Embroiled in Vietnam
Why Did the U.S. Become Embroiled in Vietnam? The Vietnam War became one of the painful moments in the history of the United States. Between 1965 and 1975, the war in Vietnam was one of the most contentious issues of American domestic and international politics.
7 Pages(1750 words)Essay
Environmental Issues Impacting Vietnam
Through the research conducted by David Dean on the aquaculture of Vietnam, the rapid growth in the production of shrimp, catfish, and lobster is reported to generate detrimental consequences both to the general ecosystem and to humans who take advantage of its resources.
5 Pages(1250 words)Essay
Economic Development
"The two-tier model on one hand highlights the situation when labour from the traditional agricultural sector migrates towards the modern capitalist sector attracted by the higher wages but they are followed by competition in which the profits accruing in the modern sector provide the growing volume of savings which finances the formation of capital for expansion".
7 Pages(1750 words)Book Report/Review
Emerging Markets of Pakistan and Vietnam
Almost every week there is an economic report that can help investors estimate what the future of economy holds. Every investor spends lot of time analyzing various markets which might profit his business. In today's market economy, the concept of blue ocean markets is a clich.
14 Pages(3500 words)Essay
Economic Development Master Essay
Although a variety of development scenarios exist and are employed by governments, foreign actors and non-governmental organizations (NGOs), this essay will explore the models of development currently employed today. As such, we will explore socialist economic development, capitalist economic development and growth and the establishment of business-orientated zones (also known as "Free Trade Zones") which blend authoritarianism, statist economic development most commonly found in socialist countries and the principles of liberalism and (relatively) free market capitalism.
9 Pages(2250 words)Essay
Vietnam War and America
From Presidents Harry S. Truman, Dwight D. Eisenhower, John F. Kennedy and Johnson to Nixon’s time, Vietnam War continued as an extended attempt to pursue United States’ foreign policy of containment of Communism in favor of establishing liberal institutions and enabling expansion of democratic regimes not only in Europe but also in Middle East, Asia and East Asia.
5 Pages(1250 words)Essay
Trade Policy, Firm Behavior, and Economic Development in Vietnam
The turnaround in the Asian country’s economy is the main indicator of economic and social activities in the country at present.
6 Pages(1500 words)Case Study
Economic Development
The concept might also be recognized as the qualitative as well as quantitative alterations taking place within an economy. These processes widely comprise of various aspects concerning regional competitiveness, social advancement, literacy rate, infrastructural developments and numerous other initiatives.
3 Pages(750 words)Essay
Let us find you another Essay on topic The Vietnam Economic Development for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us