As the result of years of war, Vietnam’s infrastructure is weak, but steadily improving. In the French colonial period, a 1,730-kilometer (1,075-mile) rail system was developed which connected Saigon to Hanoi, and the port city of Haiphong to Yunnan, China. Later in the 1950s, the Chinese assisted with the development of a rail link between [...]
Archive for the ‘Economics’ Category
Vietnam – Politics, government, and taxation
Vietnam remains a one-party state with complete domination by the Communist Party of Vietnam (CPV). Vietnam has a unicameral National Assembly whose 450 members are elected every 5 years. As in neighboring Laos, non-party members may compete for seats in the National Assembly. In the last election for the National Assembly in 1997, 92 percent [...]
Overview of economy
Vietnam is one of the world’s poorest countries, having suffered from years of war (1940-89) that damaged its economy and basic infrastructure . Thus, economic development is the nation’s highest priority. It is still largely an agricultural economy, with 72 percent of its workforce engaged in that sector. Much of the country is made up [...]
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