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Meanwhile, South Vietnam's free market economy conducted extensive trade with other anti-communist or non-communist countries, such as the US, Canada, France, West Germany, Japan and Thailand. The Southern economy between 1954 and 1975 became increasingly dependent on foreign aid, particularly in the late 60s until the Fall of Saigon .
Vietnam, although a relatively young and small nation, has successfully established trade relations with dozens of countries worldwide. This is especially evident in the number of free trade agreements (FTAs) that the country has signed and is participating in. Being part of the Association of Southeast Asian Nations (ASEAN), economic opportunities for Vietnam expands beyond bilateral trade ...
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 ...
This year, the U.S. International Trade Commission renewed anti-dumping duties of 25.76% on frozen farmed shrimp from Vietnam, but duties on shrimp from Thailand, a market economy, are only 5.34%.
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.
Vietnam, under the Nguyễn dynasty, became two protectorates of France in 1883, but during World War II, Japan occupied the country from 1940. During this period, Ho Chi Minh created the Viet Minh in 1941 to coordinate resistance against both French colonial authorities and Imperial Japanese occupying forces. [ 1 ]
Vietnam's large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other ...
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]