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Essay

Vietnam

Essay specific features

 

Issue:

History

 

Written by:

Felipe H

 

Date added:

March 13, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 961

 

Was viewed:

3879 times

 

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Essay content:

In many ways, this followed the Chinese model and achieved similar results. On the one hand, Vietnam achieved around 8% annual GDP growth from 1990 to 1997 and continued at around 7% from 2000 to 2002, making it the world's second-fastest growing economy. Simultaneously, investment grew three-fold and domestic savings quintupled...
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Simultaneously, investment grew three-fold and domestic savings quintupled. On the other hand, urban unemployment has been rising steadily in recent years, and rural unemployment, estimated to be up to 35% during nonharvest periods, is already at critical levels. Layoffs in the state sector and foreign-invested enterprises combined with the lasting effects of an earlier military demobilization further exacerbate the unemployment situation...
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