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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 ...
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.
North and South Vietnam therefore remained divided until the Vietnam War ended with the Fall of Saigon in 1975. After 1976, the newly reunified Vietnam faced many difficulties including internal repression and isolation from the international community due to the Cold War , Vietnamese invasion of Cambodia and an American economic embargo. [ 1 ]
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]
A side effect however of increasing socio-economics also leads to increasing social pressures. Suicide rates in Vietnam have increased over the past decades (2000-2021), with men being more likely to be recipients of suicidal deaths then women. [35] Suicide rates have had this gender imbalance across a majority of countries or nations or peoples.
He said he was a little boy during the Vietnam era but remembers the images vividly. He believes the war defined an era of American history and changed the attitude of the nation for its future.
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 ...