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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.
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]
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 ...
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]
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 1960, at the Third Party Congress of the Vietnamese Communist Party, renamed the Labor Party since 1951, Lê Duẩn arrived from the South and strongly advocated the use of revolutionary warfare to topple Diệm's government, unifying the country, and establish communism nationwide.
The situation in South Vietnam continued to deteriorate with corruption rife throughout the Diem government and the ARVN unable to effectively combat the Viet Cong. In 1961, the newly elected Kennedy Administration promised more aid and additional money, weapons, and supplies were sent with little effect.
For the remainder of 1960 and extending into 1961, Laos eclipsed Vietnam in the interest of the superpowers and the media. [7] 23 August. The U.S. government compiled a National Intelligence Estimate stating that support for the VC was increasing and that supplies and combatants were moving to them from North Vietnam overland and by sea. The ...