Title: Economic history of Vietnam - Wikipedia
Headings: Economic history of Vietnam
Economic history of Vietnam
Contents
Pre-colonial Vietnam
Vietnam under Chinese rule
Nascent economy in feudalist society
Why early foreign trade gone?
Industry in Nguyễn Tây Sơn
Colonial Period
French Administration
Effects of French colonial rule
1954-1975
Subsidy phase: 1976-1986
The Second Five-Year Plan (1976-80)
The Third Five Year Plan (1981-85)
1986-2000
2000-present
GDP by year
See also
References
Sources

Content: Economic history of Vietnam - Wikipedia
Economic history of Vietnam
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Until French colonization in the middle of the 19th century, the economy of Vietnam was mainly agrarian and village-oriented. French colonizers, however, deliberately developed the regions differently, designating the South for agricultural production and the North for manufacturing. Though the plan exaggerated regional divisions, the development of exports-- coal from the North, rice from the South—and the importation of French manufactured goods stimulated internal commerce. When the North and South were divided politically in 1954, they also adopted different economic ideologies: communist in the North and capitalist in the South. 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 million refugees, including tens of thousands of professionals, intellectuals, technicians, and skilled workers. Between 1976 and 1986, for annual growth rates for industry, agriculture, and national income and aimed to integrate the North and the South, the plan's aims were not achieved: the economy remained dominated by small-scale production, low labor productivity, unemployment, material and technological shortfalls, and insufficient food and consumer goods. The more modest goals of the Third Five-Year Plan (1981–1985) were a compromise between ideological and pragmatic factions;