Un monde en développement

[Aurélie]

Posez vos questions sur le pays!!!
A bientôt
Aurélie

[bart aba]

Hello,

I hope you are not too tired by this big travel.

Is this country touched by the financial crisis ?
Is it right that poor people welcome you more than rich people ?

Thanks

[Aurélie]

Hello

This question may require an answer from a specialist but after some pieces of investigation, I will try to give you some highlights.

Historically, Vietnam has been an agricultural civilization based on wet rice cultivating. However, The Vietnam War destroyed much of the economy of Vietnam. For a decade, united Vietnam's economy was plagued with inefficiency and corruption in state programs, poor quality and underproduction and restrictions on economic activities and trade. It also suffered from the trade embargo from the United States and most of Europe after the Vietnam War.

Nowadays, Vietnam is developing its economy very fast and is one of the most growing country in Asia and one of the most open economies: two-way trade is around 160% of GDP, more than twice the ratio for China and over four times India's. Deep poverty, defined as a percent of the population living under $1 per day, has declined significantly and is now smaller than that of China, India, and the Philippine.

As a result of several land reform measures, Vietnam is now the largest producer of cashew nuts with a one-third global share and second largest rice exporter in the world after Thailand. Vietnam has the highest percent of land use for permanent crops, 6.93%, of any nation in the Greater Mekong Subregion. Besides rice, key exports are coffee, tea, rubber, and fishery products. However, agriculture's share of economic output has declined, falling as a share of GDP from 42% in 1989 to 20% in 2006, as production in other sectors of the economy has risen. According to the CIA World Fact Book, the unemployment rate in Vietnam is 4.3%. Vietnam was accepted into the WTO on November 7, 2006. Vietnam's chief trading partners include China, Japan, Australia, ASEAN countries, the U.S. and Western European countries.