Search results
Results from the WOW.Com Content Network
In response to increasing pressure on the Vietnamese dong as a result of high inflation in the US, on 17 October 2022, the decision was made to increase the dong's trading band from 3 to 5 percent. As a result, from 16 October to 24 October the currency lost 2.98 percent of its value falling from 24,135 to 24,845 Vietnamese dong to the dollar. [44]
In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government.
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 article lists Vietnam's province-level divisions by Gross regional domestic product (GRDP). Each province's GRDP is listed in both the national currency VND, and at nominal U.S. dollar values according to annual average exchange rates and according to purchasing power parity (PPP).
The Communist Party of Vietnam (CPV) [a] is the founding and sole legal party of the Socialist Republic of Vietnam.Founded in 1930 by Hồ Chí Minh, the CPV became the ruling party of North Vietnam in 1954 and then all of Vietnam after the collapse of the South Vietnamese government following the Fall of Saigon in 1975.
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's economy continues to expand at an annual rate in excess of 7%, one of the fastest-growing in the world, but it grew from an extremely low base, as it suffered the crippling effect of the Vietnam War from the 1950s to the 1970s, the punitive embargoes of the United States and its allies, as well as the austerity measures introduced in ...
Following these measures, price controls were removed from numerous consumer products to increase trade at real-market prices and ease shortages of them within the state trade system. [9] [page needed] However, facing these reforms, the Vietnamese government had a negative and opposing attitude. [11] [12] [13] [14]