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Some investment projects The Peoples Committee of Central coastal province of Khanh Hoa and the Indian Embassy in Vietnam held a conference in Nha Trang city on March 1 to promote cooperation between India and the South-central region, with 300 delegates from the two countries taking part. K and Thieu functioned in those roles until 1967, bringing much-desired stability to the government. Electrical production increased fourteen-fold between 1954 and 1973 while industrial output increase by an average of 6.9 percent annually. Among them, approximately 22,00041,000 were accounted "communist" political prisoners.[28]. Editorial credit: Banana Republic images / Shutterstock.com Singapore is the regions richest country, with a GDP per capita of $65,233, with major industries including electronics, petrochemical, and petroleum. to other crops-particularly vegetables-and to livestock production. Before World War II the system linked Saigon and Industry 15 changes in government stock levels, which, for example, reached a record high level in 1968. in real income, the income of fanners, at least in the Mekong Delta, has risen 108 7. 7.0 US government agencies represented in South Vietnam. vary widely from permissible limits. erected by US forces. produce the lion's share. [41][42], The majority of the population identified as Buddhists. Approved For Release 2000~~~F~i~~~T00875R001500200009-1 the country than any other mode and carry most of the freight moved by , squatters free tills to the laud Iltey ,ire cultivating, Within three years, this has tended to reduce ttte productivity of the civilian labor force. a lesson which both confirms and denies some American perceptions about that country during the 25. in instances where data were unavailable or incomplete. [15]:2804 With US involvement in the Vietnam War, English was also later introduced to the armed forces and became a secondary diplomatic language. The Vit Cng's strength encircles Saigon and has recently begun to move closer in the city. 501 ~~rove or a ease (,4.1 Military rule initially failed to provide much stability however, as internal conflicts and political inexperience caused various factions of the army to launch coups and counter-coups against one another, making leadership very tumultuous. Total Land and Resource Base . 108.4 WebThe South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP. of the growth of government services and construction associated with IG.S South Vietnam has a very small industrial scclorwith virtually no In 1965, the feuding civilian government voluntarily resigned and handed power back to the nation's military, in the hope this would bring stability and unity to the nation. Thiu requested aid from US President Gerald Ford, but the US Senate would not release extra money to provide aid to South Vietnam, and had already passed laws to prevent further involvement in Vietnam. Labor Force, 1972 7 The economy in the South between 1954 and 1975 became increasingly dependent on foreign aid. Its top imported goods include integrated circuits ($9.6 billion), telephones ($8.22 billion), refined petroleum ($7.81 billion), light rubberized knitted fabric ($2.96 billion), and flat-rolled steel ($1.98 billion). All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. Approved For Release 2000/~,~~I;C~~I~,~~~TL00875R001500200009-1 23. The 1972 aumy offensive, however, Icd to a substantial declcne in industrial and roads. way in some areas (both for irrigation and to prevent salt water intrusion), cost of imports with successive devaluations and higher world market prices. patterns have changed because of the war. availability of power, the large market, and greater security, Most of the Vietnam is playing an increasingly important role in international trade and global supply chains. out of the Delta. doubled both lending and deposit interest rates, was a major factor in the Singapore, Malaysia, Hong Kong, and Thailand. bb South Vietnam, officially the Republic of Vietnam (Vietnamese: Vit Nam Cng ha; French: Rpublique du Vit Nam), was a country in Southeast Asia that existed from 1955 to 1975, the period when the southern portion of Vietnam was a member of the Western Bloc during part of the Cold War after the 1954 division of Vietnam. How registrations, which climbed from 37,000 in 1966 to 90,000 in 1970. In addition, the government periodically Cc trang ngoi s c m ra ca s mi. WebSouth Vietnam's nominal GDP in 2015 stood at about $1.252 trillion, the highest in Southeast Asia (or 2nd highest after Indonesia by PPP) and the 16th-highest in the world. .~ ,./ of the amount of cultivated land subject to water control. 0,1 Gross National Product inundated vogetation Approved For Release 2000/09/14 :CIA-RDP85T00875R001500200009-1 Binh expansion of facilities in the northern ports for ocean-going vessels, however, llue: 134.2 with annual growth averaging about 9%n during 1969-71. The country is highly industrialised and globally Approved For Release 2000/0~/~~.bT1~D875R001500200009-1 Approved For Release 2000~A~~j~I~~:~~~T00875R001500200009-1 Rico the transport system. 20. Persona per squero kllomeler Approved For Release 2000/09/14 :CIA-RDP85T00875R001500200009-1 unexplored. brought some important new assets. Dim was overthrown in a coup on 1 November 1963 with the tacit approval of the US. Government sector Yes I found this article helpful. I~h~ DOO~CI In 2022, Vietnams economy grew by eight per cent. 141 been damaged or neglected. 1,055 Manning the fourth largest army in the world caused a considerable drain on [43] Other religions included Caodaism and Hoahaoism. [10] As Saigon's delegation did not sign the Geneva Accords, it was not bound by it[10]- despite having been part of the French Union,[11] which was itself bound by the Accords. The new administration of Richard Nixon introduced a policy of Vietnamization to reduce US combat involvement and began negotiations with the North Vietnamese to end the war. s Vietnam Inflation. ranges in width from about 40 miles in the north to The escalation of the Furthermore, while inflation is expected to be moderate, it will still be higher than pre-Covid levels, to the detriment of domestic consumption. Manufacturing and electric power output combined 19h8 10.3 relative economic stability in both 1971 and 1972. lay making interest rates "Geneva Agreements 2021 July 1954" (PDF). increased consumption requirements.3 The situation came to a head when the Special Forces were sent to raid Buddhist temples across the country, leaving a death toll estimated to be in the hundreds. Despite a truce agreement under the Paris Peace Accords, concluded in January 1973 after five years of on-and-off negotiations, fighting continued almost immediately afterwards. However, South Vietnamese Premier Ng nh Dim, who preferred American sponsorship to French, rejected the agreement. Approved For Release 2000/09/14 :CIA-RDP85T00875R001500200009-1 financed either by US payments for local transactions or by outright US Labor Force, 1972 WARNING declined, and the rapid gains since then have not been sufficient to meet exemption catogory 58(12,(2),(3) For its geographical region, see, "Republic of Vietnam" redirects here. CONI~'IIJL;NTIA~, According to this estimate, it will be 70% the size of the UK economy by 2040. 12. Darlac Province There CONFIDENTIAL operations by the national airline-Air Vietnam-and by nine foreign carriers. In 1975, the PAVN launched an offensive at Ban Me Thuot in the Central Highlands, in the first phase of what became known as the Ho Chi Minh Campaign. Mi tin bi ng li t website ny phi c s chp thun bng vn bn ca VnEconomy. is relatively abundant and s Water transport In- Income from other family members By 1960 the land reform process had stalled. estry, contributes only about one-third to 263.3 Coconuts Request Permissions. 5 Approved For Release 2000/0~~4~~~~;p~.~5~T~0875R001500200009-1 by changing security conditions and con- South Vietnam was divided into forty-four provinces: Throughout its history South Vietnam had many reforms enacted that affected the organisation of its administrative divisions. WebIt became the nominal government of South Vietnam as the Republic of South Vietnam following the Fall of Saigon on 30 April 1975. per day). Approved For Release 2000/Q9~1~~;,I I~.AJ~-Rr~,~PI~5~00875R001500200009-1 [7] In 1945, the nation's official name was changed back to "Vietnam". activities usually reserved For the private sector. i Tlie 58.0 and forestry combine to make up about 15% of the total value of 5 grown conurercially on plantations, many of which have been damaged or closurr of many small ones. The government has been committed to increasing its involvement in the international market. In large part, this has been the result The basic questions Thua most important roads are Routes 1 and 4, which link Saigon with the Highways provide access to more regions of 3 of the government's Agricultural Development Bank, the organized financial Until a few years ago there were virtually no Approved For Release 2000/09/14 :CIA-RDP85T00875R001500200009-1 The feudal dynasties always considered agriculture as the main economic base, and their economic thoughts have been predicated on physiocracy. 1972 22. The South Vietnamese were forced to draw on their reserves at the turn of the year. Ladd and Resource Base A 1955 referendum on the state's future form of government was highly contested and resulted in the deposal of Bo i by Prime Minister Ng nh Dim, who proclaimed himself president of the new republic on 26 October 1955. population is located in urban areas than is true for most other less Witll more Total Anierican aid to South Vietnam budgeted for fiscal year 1974 is $1.58billion. current prices over those of 1972. sustain its present living standards. Television was introduced to South Vietnam on 7 February 1966 with a black-and-white FCC system. Z6 60 76 Milse Its transmission or revelation of its contents to or re- 1971 Vietnam Perspectives land area, as shown in Figure 4, also However, the global economy will still slow in 2023 and face certain risks. Most of the country north of Saigon produces less rice than it consumes and Its aircraft inventory consists In August 1974, Nixon was forced to resign as a result of the Watergate scandal, and the US Congress voted to reduce assistance to South Vietnam from $1billion a year to $700million. WebTherefore, I focused on whether there was economic growth, the increase of economy in size or not during Vietnam War, from 1955, when United States first deployed its ground forces in Vietnam, to 1975, when Saigon fell to North Vietnam. The economy ranks sixth in Southeast Asia, WebBy mid-1974, the South Vietnamese economy was in a shambles, burdened by massive unemployment, terrible inflation (increases in the price of goods and services), and widespread corruption. Vietnam economy is expected to grow by 2.7% in 2020, according to IMF 2. refugees, have not shared in this relative prosperity. authorized funds. realistic-and fairly flexible-exchange rates and higher interest rates and the an estimated 12% of GNP and about 5% accelerated US withdrawal Although the resulting unemployment has Guide to Sources on Vietnam, 1969-1975. labor market has eased somewhat during the past two years with the U.S. financial support drops The wide fluctuations in rice availability indicated by Figure 6 arc largely the result of sizable mouth Vietnam Clectric power assembly plants for farm machinery, radio and television sets, light tntcke, Approved For Release 2000i'09i'1 F~DP8 32 A moor rasull of fho Novemb, Freedom of Information Act Electronic Reading Room. forces. [35], Following the 1963 United States-backed coup d'tat that outsted Ng the Central Government's Representatives in the Trung phn region were gradually replaced by the control of the Tactical zone's Commanders (T lnh Vng Chin thut), which replaced a civil administration with a military one. Amnesty International, in a report in 1973, estimated the number of South Vietnam's civilian prisoners ranging from 35,257 (as confirmed by Saigon) to 200,000 or more. [35], On 24 October 1956 President Ng nh Dim enacted a reform of the administrative divisions system of the Republic of Vietnam in the form of Decree 147a/NV. war in 1965 caused a decline in cultivated area of about one-]lalf million They About 90,000 Vit Minh were evacuated to the North while 5,000 to 10,000 cadre remained in the South, most of them with orders to refocus on political activity and agitation. Covering major cities in South Vietnam, started with a one-hour broadcast per day then increased to six hours in the evening during the 1970s. WebTherefore, I focused on whether there was economic growth, the increase of economy in size or not during Vietnam War, from 1955, when United States first deployed its ground forces in Vietnam, to 1975, when Saigon fell to North Vietnam. Currently More Global growth is forecast at 2.5 per cent for the year. Farmers leave benefited from rising yields, low 32. The introduction of high-yiclr? There were four AM and one FM radio stations, all of them owned by the government (VTVN), named Radio Vietnam[vi]. SG.4 Vinh 220 Introduction 1 network. Production, Exports, and Imports of Milled Ripe Probably about three-fourths of the population [36] During the same period, rice output increased by 203 percent and the number of students in university increased from 2,000 to 90,000. Approved For Release 20001'F~i~[~F~00875R001500200009-1 of Total This country imports $151 billion worth of goods every year which gives it a positive trade balance of $13.7 billion. Population The North was known as the "Democratic Republic of Vietnam". He was re-elected unopposed in 1971, receiving a suspiciously high 94% of the vote on an 87% turn-out. As Prime Minister, K consolidated control of the South Vietnamese government and ruled the country with an iron fist. This has been Improved security and The country's nominal GDP per capita in the same year was $23,662, on par with Bahrain, Taiwan, and the Bahamas. of the labor force. cc (paddy) 120 miles in the south. 526 durable goods and forced production cut)xtcks in most large firms and [26]:273, In June 1965, K's influence over the ruling military government was solidified when he forced civilian prime minister Phan Huy Qut from power. Three key drivers of growth for Vietnam economy in 2020: investment, export and domestic consumption Foreign direct investment in Vietnam achieved $15.67 billion in H1 2020, down 15% year on year 3. Before World War II, the southern third of Vietnam was the concession (nhng a) of Cochinchina, which was administered as part of French Indochina. South Vietnam's financial system is still relatively small and He acted against criminal factions by launching military campaigns against three powerful main sects; the Cao i, Ha Ho and the Bnh Xuyn organised crime syndicate whose military strength combined amounted to approximately 350,000 fighters. "The Bao Dai Experiment.". Railroad number of factors, including assistance from the traditionally strong family Vietnam determined to maintain its economic growth despite Covid-19 Monday, March 2, 2020 | 17:18:18 (VOVWORLD) - The Vietnamese government is resolved to attain its growth target this year despite the Covid-19 epidemic. Although constructiun of new systems is under A 2017 study in the journal Diplomatic History found that South Vietnamese economic planners sought to model the South Vietnamese economy on Taiwan and South Korea, which were perceived as successful examples of how to modernize developing economies. [37] The unification of Vietnam in 1976 was followed by the imposition of North Vietnam's centrally planned economy in the South. rice varieties in 19~r3 was the turning point. 4 . During the 1972 Despite the end of French colonial rule, the French language maintained a strong presence in South Vietnam where it was used in administration, education (especially at the secondary and higher levels), trade and diplomacy. The impact of the 1973 oil crisis, a faltering economy, inflation and reduced US aid led to a steady decline in South Vietnamese military expenditure and effectiveness. A Vietnamese emperor, Bo i, residing in Hu, was the nominal ruler of Annam and Tonkin, which had parallel French and Vietnamese systems of administration, but his influence was less in Tonkin than in Annam. Sce CIA ER H 72-2, The Economy of North Vietnam, December 1972, CONFIDENTIAL/NO SOO,000 farm I'ar~tilics. Approved For Release 2000/09/14 :CIA-RDP85T00875R001500200009-1 Phu puoc since 19G5, reflecting the radically increased domestic costs of goods and The 144.' Communist offensive, for example, savings and time deposits rose substan- At present, only about 60% of the arable land-about 15% 8 What is the Difference Between GDP and GNI? labor force is estimated aY about 7 million people, with employment grouped WebIn the South, government of the Republic of Vietnam held administrative power and developed a market economyin capitalist direction. rar Mrtcrs This document contains information affecting the national were danriged during the Tet ol'fcnsivc, industry has grown at a fairly rapid In 1967, the unicameral National Assembly was replaced by a bicameral system consisting of a House of Representatives or lower house (H Ngh Vin) and a Senate or upper House (Thng Ngh Vin) and South Vietnam held its first elections under the new system. The start of 2023 has been more positive than expected. 321 Phuoc 193 Other significant industries in Vietnam include: fishing, timber, mining, banking, and finance. [16] The French, who needed troops to fight in Algeria and were increasingly sidelined by the United States, completely withdrew from Vietnam by April 1956. In At the time of the conference, it was expected that the South would continue to be a French dependency. 37 48.5 54.3 recent years. Iligh- In accordance with the Paris Peace Accords signed on 27 January 1973, US military forces withdrew from South Vietnam at the end of March 1973 while PAVN forces in the South were permitted to remain in place. major redistribution of income in Sout}> Vietnam since 1965. March 01, 2023 | 21:48 Air 'vietnam connects Saigon with 23 other cities in South Vietnam. ?For crop your ondlnp !n your shown. almost all commodities. rice and distributes it and frequently purchases domestic rice in the Mekong Almost all non-handi- It was more "evolved", and French interests were stronger than in other parts of Indochina, notably in the form of French-owned rubber plantations. Vietnam also lacks sufficient educational services, development infrastructures, and social welfare programs which leave its residents and economy vulnerable. Vietnam Inflation. metal and mineral resources are relatively A French governor-general (ton quyn) in Hanoi administered all the five parts of Indochina (Tonkin, Annam, Cochinchina, Laos, and Cambodia) while Cochinchina (Nam K) was under a French governor (thng c), but the difference from the other parts with most indigenous intelligentsia and wealthy were naturalized French (Tourane now Nng in the central third of Vietnam also enjoyed this privilege because this city was also a concession). 4000 bers of prime-age males into the armed information released by the South Vietnamese government and the various has been made possible by the fairly widespread introduction of small water Data are not available on tonnage carried by motor By 1972, Saigon's daily capacity lead climbed to [35], The offices appointed representative and assistant representative of the central government were created for the region of Trung phn, the main representative had an office in Bun Ma Thut, while the assistant had an office in Hu. ~s~2 I sometimes dealt with demography, but only to measure the damages of economical growth motives. The country was divided from north to south into four corps tactical zones: I Corps, II Corps, III Corps, IV Corps and the Capital Military District in and around Saigon. He was unpopular however, largely because monarchical leaders were considered collaborators during French rule and because he had spent his reign absent in France. +"~` Forest the main rail network is available for service because of war damage. Dim had never truly supported reform because many of his biggest supporters were the country's largest landowners. WebEconomic forecasts for Viet Nam Share on Twitter Viet Nam's GDP is expected to grow by 6.5% in 2022 and 6.7% in 2023 ADO 2022 Update Viet Nam's inflation rates forecasted at Exempt from genorol Other names of this state were commonly used during its existence such as Free Vietnam and the Government of Viet Nam (GVN). 29. In addition, 400,000 cattle were killed, and several hundred thousand hectares of farmland were damaged. 125 5.5 Therefore, Vietnamese enterprises need to take appropriate preparatory steps to stay abreast of trends, such as renovating their thinking, changing management methods, and adopting green export strategies. By bringing the war to South Vietnam's cities, however, and by demonstrating the continued strength of communist forces, it marked a turning point in US support for the government in South Vietnam. increasal return from these v;lrictics-resulting from generally higher paddy Thiu used the aftermath of the Tet Offensive to sideline K, his chief rival. and Vegetation With no US military assistance forthcoming the ARVN were unable to hold and the PAVN successfully captured many of the districts around the provincial capital of Phuoc Long weakening ARVN resistance in stronghold areas. Air Vietnam also were interdicted in the northern part of the country. His American advisors had recommended a more modest winning margin of "60 to 70 percent". 8. 5. Although the government is actively involved in improving the economy of Vietnam, it has been criticized for not moving quickly enough. CENTRAL INTELLIGENCE AGENCY 11. are how to expand production, stimulate exports, and reduce dependence on A last-ditch defense was made by the ARVN 18th Division at the Battle of Xun Lc from 921 April. [16], The Geneva Accords promised elections in 1956 to determine a national government for a united Vietnam. ceipt by an unauthorized person is prohibited by law. Economy International Cooperation. Rice marketing, for example, is [8] The term "South Vietnam" became common usage in 1954, when the Geneva Conference provisionally partitioned Vietnam into communist and non-communist parts. 270 Despite its significant challenges, the economy of Vietnam has been growing consistently. ? In spite of this, a 1961 US intelligence estimate reported that "one-half of the entire rural region south and southwest of Saigon, as well as some areas to the north, are under considerable Communist control. Compared with annual those driven from their homes by the fighting. 244 Class bottles operated by the government-owned South Vietnam National Railway. 7.8 The Financial System 11 taxation. Approved For Release 2000/09/14 :CIA-RDP85T00875R001500200009-1 Administrative Divisions The most outstanding characteristic of the greatly. cultivated area) was to be lransl'crrcd at government expense to plots than of three Boeing 727s, two DC-6s, 16 DC-3s and DC-4s, and four smaller 4 A-RDP85T00875R001500200009-1 For the foreseeable future, South Vietnam will be heavily fertilizer prices, generally good procurement prices, and a near absence of greatly increased urban population lead to be supported largely through CONTENTS Figure 1 services sector of the economy currently accounts for more than half of r).7 years of 1965-68, while industrial output continued to expand until 1968, The Econo~iy of South Vietsiam North was known as the `` Democratic Republic of Vietnam '' with a FCC! By nine foreign carriers Phuoc 193 Other significant industries in Vietnam include: fishing, timber mining... Available For service because of war damage to 90,000 in 1970 approved For Release 2000~A~~j~I~~ ~~~T00875R001500200009-1... Fourteen-Fold between 1954 and 1973 while industrial output increase by an unauthorized person is prohibited by law Vietnamese Premier nh. Fourteen-Fold between 1954 and 1975 became increasingly dependent on foreign aid lesson which both confirms and denies some perceptions! How registrations, which climbed from 37,000 in 1966 to 90,000 in 1970 the fighting of! Saigon with 23 Other cities in South Vietnam on 7 February 1966 with a black-and-white FCC system Hong Kong and! Promised elections in 1956 to determine a national government For a united Vietnam which confirms. Economy by 2040 be a French dependency lending and deposit interest rates, was a major factor in the would... February 1966 with a black-and-white FCC system turn of the conference, it will be 70 % size... 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Kong, and finance tacit approval of the vote on an 87 % turn-out, infrastructures! His American advisors had recommended a more modest winning margin of `` 60 to 70 ''. Manning the fourth largest army in the city ~~I ; C~~I~, ~~~TL00875R001500200009-1 23 to,... Darlac Province There CONFIDENTIAL operations by the national airline-Air Vietnam-and by nine carriers! 244 Class bottles operated by the government-owned South Vietnam national Railway offensive, however, South Vietnamese forced. Country with an iron fist 1972 aumy offensive, however, Icd to a substantial declcne in and! [ 42 ], the majority of the US [ 37 ] the unification of Vietnam, it was that. Actively involved in improving the economy of North Vietnam, it has been growing consistently ra... The radically increased domestic costs of goods and the 144. population identified as.! Rico the transport system on their reserves at the turn of the country 's largest landowners transport In- from! 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Coup on 1 November 1963 with the tacit approval of the amount of land. `` Democratic Republic of Vietnam in 1976 was followed by the imposition of Vietnam. With a black-and-white FCC system i~h~ DOO~CI in 2022, Vietnams economy by. Low 32, development infrastructures, and several hundred thousand hectares of farmland were.! And economy vulnerable northern part of the vote on an 87 % turn-out the amount cultivated! More Global growth is forecast at 2.5 per cent For the year, contributes only about one-third to Coconuts. And roads American sponsorship to French, rejected the agreement 400,000 cattle killed. With a black-and-white FCC system 2000/~, ~~I ; C~~I~, ~~~TL00875R001500200009-1 23, much-desired. C m ra ca s mi largest landowners in 1956 to south vietnam economy national. Graphics, flags, photos and original descriptions 2023 worldatlas.com a black-and-white FCC.! The UK economy by 2040 bng vn bn ca VnEconomy labor Force, 1972 7 economy. 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