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The Vietnam Economic Development - Essay Example
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…
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. ...