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For Vietnam as a whole, the war resulted in some 3 million military and civilian deaths, 362,000 invalids, 1 million widows, and 800,000 orphans. The country sustained a further loss in human capital through the exodus of political refugees from Vietnam after the communist victory in the South. According to the United Nations High Commission ...
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.
Vietnam, [e] [f] officially the Socialist Republic of Vietnam, [g] [h] is a country at the eastern edge of mainland Southeast Asia, with an area of about 331,000 square kilometres (128,000 sq mi) and a population of over 100 million, making it the world's fifteenth-most populous country.
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In 2016, President Barack Obama became the 3rd U.S. Head of State to visit Vietnam. [35] His historic visit helped to normalize relations with Vietnam. This improvement of U.S-Vietnam relations was further increased by the lifting of a lethal arms embargo, allowing the Vietnamese government to buy lethal weapons and modernize its military.
The Socialist Republic of Vietnam is a one-party state. A new state constitution was approved in April 2013, replacing the 1992 version. The central role of the Communist Party was reasserted in all organs of government, politics and society.
In 2016, President Barack Obama became the 3rd U.S. Head of State to visit Vietnam. [205] His historic visit helped to normalize relations with Vietnam. This improvement of U.S-Vietnam relations was further increased by the lifting of a lethal arms embargo, allowing the Vietnamese government to buy lethal weapons and modernize its military. [206]
Vietnam's socialist-oriented market economy shares many common characteristics with the Chinese socialist market economy in its institutions and policies, combining fundamentally market-based economies with the predominance of state-owned enterprises, the coexistence of a vibrant private sector, a single-party political system, and the ...