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Vietnam's economy in the war
During the period of 1945-1975, Vietnam was divided into two regions with two different governments. In the North, the authority government was the Democratic Republic of Vietnam and the direction of economic developing was socialist-oriented and planned economy.
In the South, government of the Republic of Vietnam held administrative power and developed a market economyin capitalist direction. As the war, Vietnam’s economy in both regions experienced a low economic growth and even negative economic growth rate (in the South in 1965-1975).
Vietnam's economy after the war (1975-1986)
After the war, the Northern and Southern Vietnam were unified as one state: the Socialist Republic of Vietnam. In 1978, Vietnamese government issued new currency of Vietnam Dong (VND), unified...
Vietnam's economy since reform in 1986
In December 1986, the 6th congress of the Communist Party of Vietnam was taken place. At the congress, delegates reached consensus on a reforming program. Since 1986, Doi Moi (Reform) has been...
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