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Vietnam also lags behind China in terms of property rights, the efficient regulation of markets, and labor and financial market reforms. State-owned banks that are poorly managed and suffer from non-performing loans still dominate the financial sector. [3] Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004.
It is a lower-middle income country with a low cost of living. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization. Since the mid-1980s, through the Đổi Mới reform period, Vietnam has made a shift from a highly centralized planned economy to a mixed economy.
The Vietnam Center and Sam Johnson Vietnam Archive collects and preserves the documentary record of the Vietnam War. The Vietnam Center and Archive, part of Texas Tech University , is the nation's largest and most comprehensive collection of information on the Vietnam War.
In his book Vietnam: a History (Viking,1983) Stanley Karnow describes his observations: In the last week of November . . I drove south from Saigon into Long An, a province in the Mekong Delta, the rice basket of South Vietnam where 40 per cent of the population lived. There I found the strategic hamlet program begun during the Diem regime in ...
Tension between Vietnam and China mounted together with China's rivalry with the Soviet Union and conflict erupted with Cambodia, China's ally. Vietnam was also subject to trade embargoes by the U.S. and its allies. [citation needed] The SRVN government implemented a Stalinist dictatorship of the proletariat in the South as they had done in the ...
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The percentage of people living in slums dropped from 60.5% in 1992 to 13.8% living in slums by 2018. [ 24 ] Furthermore, the climate of Vietnam is heavily prone to floods from a number of sources: typhoons; seasonal monsoons, with the South Asian monsoon in the summer, and the East Asian monsoon in the winter; and rising sea levels as a ...
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