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Development of agricultural output of Vietnam in 2015 US$ since 1961 Agriculture in Vietnam with farmers. Agriculture's share of GDP has declined in recent years, falling from 42% in 1989, to 26% in 1999. [1] In 2023, agriculture and forestry accounted for about 12% of Vietnam's gross domestic product (GDP). [2]
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee , cavendish banana , pineapple and pineapple products, coconut , sugar , and mango . [ 1 ]
In southern Vietnam, the production of industrial crops for export, notably rubber, began on a large scale. Vietnam was managed by the French primarily to produce revenue which was attained by exports, taxation and government monopolies. By the 1930s, one result of French economic exploitation was a serious problem of unequal land distribution. [4]
Until the French colonization in the mid-19th century, Vietnam's economy had been mostly agrarian, subsistence-based and village-oriented. French colonizers, however, deliberately developed the regions differently as the French needed raw materials and a market for French manufactured goods, designating the South for agricultural production as it was better suited for agriculture, and the ...
Vietnam also lags behind China in terms of property rights, the efficient regulation of markets, and labor and financial market reforms. State-owned banks that are poorly managed and suffer from non-performing loans still dominate the financial sector. [3] Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004.
In his book Vietnam: a History (Viking,1983) Stanley Karnow describes his observations: In the last week of November . . I drove south from Saigon into Long An, a province in the Mekong Delta, the rice basket of South Vietnam where 40 per cent of the population lived. There I found the strategic hamlet program begun during the Diem regime in ...
Vietnam and the Philippines on Friday agreed to advance defence and military relations, including deeper collaboration on maritime security, in a significant step by two countries long at odds ...
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.