Assignment On Development Of Veitnam's Economy

3569 words - 15 pages

TABLE OF CONTENTS1.0INTRODUCTION2.0 Development of economical policy structure3.0Stepping into the global market4.0Obstacles to continued economical growth5.0Opportunities for Multinational BusinessCorporations6.0Current state of economy and ongoingChallenges7.0Major elements of future economicalProsperity8.0Some drawback of economical growth viaGlobalization9.0CONCLUSION10.0REFERENCES1.0: IntroductionHo Chi Minh first proclaimed Vietnam's independence under one government in September 1945 more than a century after France divided Vietnam in order to rule its regions separately [1]. Ironically, Vietnam's fierce determination to remain free of foreign domination has often been combined w ...view middle of the document...

Party leaders, in establishing economic policy at the Fourth National Party Congress, envisioned Vietnam's post-reunification economy to be in a "period oftransition to socialism"[1]. A series of plans was proposed that called for the economy to evolve through three phases: The first, outlining the objectives of the Second Five-Year Plan (1976-80), set extremely high goals for industrial and agricultural production while also giving high priority to construction, reconstruction, and the integration of the North and the South. The second, entitled "socialist industrialization," was divided into two stages, from 1981 to 1990 and from 1991 to 2005. During these stages, the material and technical foundations of communism were to be constructed, and development plans were to focus equally on agriculture and industry. The third and final phase, covering the years from 2006 to 2010; was to be a time set aside to "perfect the transitional period" [3].In 1986 Vietnam made the decision to adopt a comprehensive reform program known in Vietnamese as doi moi. This led to a remarkable transformation of its socialist economy from rigid central planning to a market orientation. Doi moi also led to a marked alteration in the pattern of Vietnam's external relations that previously were mainly confined to the socialist community. In 1987 and 1988 the Vietnam Communist Party (VCP) adopted two major resolutions, number two and number thirteen, that resulted in a strategic readjustment of Vietnam's defense posture and an "open door" policy in external relations. Troops were withdrawn from Cambodia and Laos in 1989. Vietnam also sought to diversify its foreign relations by "making friends with all countries" [1].In 1976 Vietnam joined the International Monetary Fund, World Bank, and Asian Development Bank. However, most economic aid has come from the United Nations Development Program and through the contributions of France, Japan, and the Scandinavian countries[3]. The Soviet Union assisted initially with major development projects during the 1970s and 1980s but then due to its own internal economical issues withdrew further assistance.In response to the fall of Communism in Eastern Europe and the Soviet Union, VCP recognized a need to modify its foreign policies. No further assistance would be forthcoming from its old ally the Soviet Union, since that nation was in the process of disintegration. By 1992 Vietnam had altered its domestic and foreign policies significantly. The leaders of Vietnam decided to seek foreign investment to help their economy. In order to gain the goodwill of the international community Vietnamese forces were pulled out of Cambodia, and a Cambodian peace agreement was signed on Oct. 23, 1991. Relations were renewed with China in mid-1991 after 13 years of hostility. Relations with the United States also showed signs of improvement in October 1991, when United States Secretary of State James Baker met with the Vietnamese foreign minister...


do you agree we now have a global economy? justify your answer - social sciences - essay

946 words - 4 pages poletrariat Marxist theory  Para 2/3- No poverty inequalities However  Poverty and Inequality has fallen, gap even wider. Living standards .... Living in absolute poverty.  Wealth gap income inequality, south north, use of global labor abritrage, means of production industry and manufacturing....imbalance  *What can done Economy is linked to GDP and wealth distribution. Income (in)equality Marxism Realism  HDI records different measures of development and

The World Without Cars Essay

302 words - 2 pages The invention of the automobile in the early 1900's was one of the many great inventions during that time. Cars have enabled our nation to grow and develop. Life without cars would cause the world to be a completly different place. The loss of cars would affect transportation, the economy, health, cultural development and the environment. Transportation would greatly be affected if we did not have cars. Especially in America since automobiles

Comparison: Australia and South Korea - Mosman high school - Assessment

1235 words - 5 pages all have archived remarkable economic success but there was a wide variety of difference between Australian and South Korean economy, government and these two countries had walked through different path of development. Introduction to South Korea South Korea is the Presidential Republic, its government was divided into three branches: executive, judicial, and legislative. South Korea is Asia’s fourth largest economy and the 11th largest economy

business test review grade 12 unit 4 - business - review

592 words - 3 pages Business Test Review Keywords Market economy: An economic system determined by free competition Centrally planned economy: the government controls all element of the economy, including prices, wages & production Mixed economy: Combines government intervention and private enterprise Absolute advantage: The ability of a country to use its resource to make a product more efficiently than others Democracy: A country governed by all eligible members

Sri Lankan SMEs contribution to national economy after the war - A-Level, British School Colombo - Literature review

2330 words - 10 pages almost three decades of internal war between the Sri Lankan army and the separatist Liberation Tigers of Tamil Eelam ended in 2009. (Ratner, S R, 2012, pp 795) Since 2009, Sri Lanka has made amends to overcome the ethnic and religious tension. Over the past decade, Sri Lankan economy has seen a positive economic growth. However, the most economic development is concentrated in the western province of Sri Lanka. 1.2 Research Justification The

Vision 2030 objective research paper

1383 words - 6 pages Development is the organizing principle for meeting human development goals while at the same time sustaining the ability of natural system, to provide the natural resources and ecosystem services upon which the economy and society depend. It also can be classified as development that meet needs of the present without compromising the ability of future generations to meet their own needs (Wiley interscince 2005: www,


1326 words - 6 pages development. Environment has been relevant to the economy since its classical period, it was recognized by economists as the ultimate capital. This idea was even carried out by some of the neo-classical economists, but then the era of industrialization had fueled a kinetic phase for the economy where only the visible economic growth was being considered as the foundation of development. The solely economic growth focused development approach started

Bugs life economics questions and answers - renni/ economics - essay

1434 words - 6 pages development in that economy affect the balance of trade? 16. Based on your answers in #15, which is likely to be a bigger issue in the near future for Ant Island, high inflation or unemployment? 17. What fiscal policies could an Ant government pursue to correct the problem in #16? If Flick was in charge of government spending and did the absolutely wrong thing, what would he do and how would it affect the economy? 18. What could the Ants use for

impacts on the invention of the plane - history - research paper

468 words - 2 pages Stalkfleet Kiley Stalkfleet CBA Paper Moeller 5 12/1/17 Impacts on the Invention of the Plane There are many impacts on the Invention of the plane. The Wright Brothers, Wilbur and Orville, are responsible for aviation. The airplane is the most influential invention of all time. Airplanes have made traveling times change from months to just hours. The most obvious social impact from the development of airplanes is the reduction of travel time. “A

Income as Measurement of Development - SOAS, Masters - essay

2947 words - 12 pages 4 Political Economy of Development A17/18 Assignment #1 Jai Bhatia Essay Question:   Income per capita is the most narrow yet best measure of human welfare. Discuss.  Word count: 2,499 Abstract Economic development and progress are the main driving forces behind state policies and international politics in the world today. Income per capita via the GDP method, despite being limited in its scope, is thus considered the predominant driver of human

Sustainable Development of Environment - Maynard Jackson High School - Research Paper

959 words - 4 pages , simulta­neously. Sustainable development was defined by (Brundtland, 1987) as a development which meets the needs of the present without compromising the ability of future generations to meet their own need. Economists generally accepted and supported Brundtland definition of sustainable development. Pearce & barbier (blueprint for Sustainable Economy, 2000) also defines sustainable development as development that last. They also said that future

goverment policies and development, NDP AND Sustainable development - university of johneesburg - essay

3381 words - 14 pages development plan was officially launched. The NDP, is a plan to unite South Africa’s, and to unleash the energies of its citizens, grow an inclusive economy, build capabilities and enhance the capability of the country and leaders working together to solve complex problems. According to Samson (2012) The NDP is a policy framework that is aimed at the improvement of South Africa economic growth and prospects. It aims to achieve its objectives of

Potential Impacts of Uber in Australia - Business Communication and Technologies - Case Study

1702 words - 7 pages Table of Contents Introduction 2 Background 2 Impacts of Uber 3 Bibliography 4 Appendix A 6 Report on: Research Assignment- UBER Introduction This report serves to assist in the development of a strategy to manage the new player in the taxi industry, “UBER” and determine its place in both the Australian and Queensland economy. Uber is part of a larger movement towards a sharing economy. The report will explain the sharing economy and why

Regional Assessment Asia

1322 words - 6 pages Free other markets around the globe. A major influence on moving towards a global economy has been progressive trend toward the use of regional economic integration agreements. According to the text it "refers to the merging of historically distinct and separate national markets into one huge global marketplace. Falling barriers to cross-border trade have made it easier to sell internationally" These agreements are being touted as not just promoting

The effect of climate change on Nauru - LSU and Sustainability - Synopsis

520 words - 3 pages . Nauru is a nation bereft of social, economic, and environmental problems. It has a population that cannot sustain itself, a declining economy, and ragged environment. These problems are exacerbated by the issues climate change can bring. Often Nauru is in the spotlight for being a humanitarian and environmental crisis. United Nations Sustainable Development Goals: No Poverty – Nauru’s economy saw a boom when it gained independence and took control