Economy System

COUNTRY :| VIETNAM| BRIEF BACKGROUND OF THE COUNTRY :| Vietnam is the 12th nearly densely populated country in the world with a population of more than 78 million people, and land drum roll of 325 000 sq. km.Vietnam is rich in natural resources and also gentle resources.Vietnamese people of colour over depending on agricultural product.Its survival based on the gloss of wet rice.Vietnam was divided into two lands which are competed each other(a) and apply different scotch policies.The lands are in mating Vietnam and in south.In north Ho Chi Minh introduced Communist political scholarship while in the south Ngo Dihn Diem became a ruler. in advance 1975,Vietnam was under the control of the former judicature which is pro- America.Vietnam economy was relied ofttimes on aids from America and agricultural export.The former presidential term adopted a mixed economy system.Although Saigon was famous with its astounding economy but the econom ical growth did not peal the economic strength of the country.After 1975,Vietnam has been unified and command economy was enmeshed in Vietnam.| THE REASONS OF TRANSITION :| Vietnams infrastructure was collapsed after the decades of subject of war and they also face an economic failure.

They are umpteen make after the war such as the overlook of human resources and infrastructres.These made the Vietnam economy became incapable to compete.As a result, in that location are famine of foods and other basic goods.The economy collapsed heavily with broad(prenominal) unemployment ra te, impression foreign investment and high ! foreign debt, inefficient banking and financial system and as well as scratchy in jurisprudence and laws.The Vietnamese government employed a series of economic reform but between 1981-1985, there are low productivity,insufficient quality standards, and energy and material shortages, as well as insufficient management and paralyzed economic development.In 1986,Vietnam was wracked by triple-digit ostentatiousness and food shortages. However, the government...If you want to get a full essay, edict it on our website: OrderCustomPaper.com

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