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Agricultural production, the backbone of Vietnam's main development strategy, varied considerably from year to year following the national reunification in 1975. A particularly strong performance in agriculture was recorded in 1976—up more than 10 percent from 1975.
The Ministry of Agriculture and Rural Development has been developed since 1987 by the combination of different government ministries: Ministry of Agriculture, Ministry of Food, combined to the Ministry of Agriculture and Food Industry in 1987; the subsequent addition of the Ministry of Forestry and the Ministry of Irrigation to form today's Ministry; as well as the addition of the Ministry of ...
Anhao Paper Factory, 1961. South Vietnam had a small industrial sector and fell far behind other countries in the region in this respect. [1] Output increased 2.5 to 3 times over the 20 years of the country's existence, but the share in total GDP remained at only around 10%, even dropping to 6% in some years, while the economy was dominated by strong agricultural and service sectors. [1]
Thus, for example, heavy industry was intended to serve agriculture on the premise that a rapid increase in agricultural production would in turn fund further industrial growth. [1] With this strategy, Vietnamese leaders claimed that the country could bypass the capitalist industrialization stage necessary to prepare for communism.
Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004. The GDP growth was 8.4% in 2005, the second largest growth in Asia, trailing only China's. Government figures of GDP growth in 2006, was 8.17%. According to Vietnam's Minister of Planning and Investment, the government targets a GDP growth of around 8.5% for 2007.
Vietnam has also developed a set of national development strategies for selected sectors of the economy, many of which involve science and technology. Examples are the Sustainable Development Strategy (April 2012) and the Mechanical Engineering Industry Development Strategy (2006), together with Vision 2020 (2006). These dual strategies call ...
Industry research organisations under the purview of the Ministry include the following; organisation is located in Hanoi except where noted: [2] Institute for Industry Policy and Strategy (IPS), Director General: Dr. Phan Dang Tuat
Rice production in Vietnam in the Mekong and Red River deltas is important to the food supply in the country and national economy.Vietnam is one of the world's richest agricultural regions and is the second-largest (after Thailand) exporter worldwide and the world's seventh-largest consumer of rice. [1]