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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 2.1 million refugees, including tens of thousands of professionals, intellectuals ...
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]
The March on the Pentagon, 21 October 1967, an anti-war demonstration organized by the National Mobilization Committee to End the War in Vietnam. During the course of the war a large segment of Americans became opposed to U.S. involvement. In January 1967, only 32% of Americans thought the US had made a mistake in sending troops. [222]
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
The year was the most expensive in the Vietnam War with America spending US$77.4 billion (US$ 699 billion in 2025) on the war. The year also became the deadliest of the Vietnam War for America and its allies with 27,915 ARVN soldiers killed and the Americans suffering 16,592 killed compared to around two hundred thousand PAVN/VC killed.
Protesters clash during a demonstration against the United States' involvement in the Vietnam War held in front of the White House in Washington on May 11, 1970 and following a shooting at Kent ...
In the first quarter of 2024, Vietnam’s economy expanded 5.7% year on year. While that was faster than the 3.4% growth reported the previous quarter, it was still a lower-than-expected result ...
Vietnam’s GDP grew by 7.09% in 2024, ahead of government forecasts of 6.5%. Yet Vietnam’s trade surplus with the U.S. could put it at risk of new tariffs.