Search results
Results from the WOW.Com Content Network
The government has made real effort in changing its mindset toward a more open market economy, lowering the cost of doing business, and putting regulation in place to ensure rights and orders. In 1986 the government passed its first Law on Foreign Investment, allowing foreign companies to operate in Vietnam.
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.
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]
To address these problems, at its Fifth National Party Congress held in March 1982, the VCP approved resolutions on "orientations, tasks and objectives of economic and social development for 1981-85 and the 1980s". [1] The resolutions established economic goals and in effect constituted Vietnam's Third Five-Year Plan (1981–85). [1]
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]
4 January. United States Ambassador to South Vietnam Elbridge Durbrow forwarded a counterinsurgency plan for South Vietnam to the State Department in Washington. The plan provided for an increase in the size of the ARVN from 150,000 to 170,000 to be financed by the United States, an increase in the size of the Civil Guard from about 50,000 to 68,000 to be partially financed by the United ...
The Government of the Socialist Republic of Vietnam (Vietnamese: Chính phủ nước Cộng hòa xã hội chủ nghĩa Việt Nam; less formally the Vietnamese Government or the Government of Vietnam, Vietnamese: Chính phủ Việt Nam) is the cabinet and the central executive body of the state administration of Vietnam.