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The economy of Vietnam

The economy of Vietnam

The economy of Vietnam recorded since the late 1980s, economic growth increasingly assertive, following difficult years due to the Vietnam War. Wars, major expenses of armament and poor planning of the economy have greatly weakened the economy of Vietnam. This however recorded since the late 1980s, the lifting of the US embargo in the mid-1990s, a significant recovery of the economy coinciding with a gradual economic liberalization, like its neighbor China. Since the 2000s, there is more talk of an economic take-off since the real growth rate of GDP going from 4.7% in 2001 to 7.8% in 2007, although it is back down to 6.3% in 2008 and 5.3% in 2009 because of the economic crisis2. However, it rose to 6.8% in 2010.

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Geography

Geography

Area: 331 114 km2 Continental shelf: 1,000,000 km2 Population of over 87 million inhabitants in 2009 Terrestrial Coordinates: 102º10' -109º30 ' east longitude 8 º 30' -23 º 22' north latitude.

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