Hows Vietnam doing? A couple of questions - Soviet-Empire.com U.S.S.R.

Szabo

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Soviet cogitations: 6581
Defected to the U.S.S.R.: 19 Sep 2005, 13:48
Embalmed

29 Nov 2005, 15:11

Hows the economy?

What kind of market does Vietnam have now? Does it have a private sector?

Now what is this…

Comrade_Tran

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Soviet cogitations: 1
Defected to the U.S.S.R.: 24 Sep 2005, 14:44
New Comrade (Say hi & be nice to me!)

29 Nov 2005, 16:12

http://economist.com/countries/Vietnam/

you may try to have a look at what u Brits portray Vietnam. The Economist is quite objective anyway.

We're doing well, and of course we do have a private sector.

Red Rebel

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Soviet cogitations: 10805
Defected to the U.S.S.R.: 21 Dec 2004, 23:53
Ideology: Marxism-Leninism
Philosophized

29 Nov 2005, 19:24

Vietnam's Economy

Quote:
Until recently, most of Vietnam's economy was based on it's agriculture, mainly it's rice. Even during French colonial rule, agriculture was important, although other crops were added for export such as coffee, tea, and rubber, among other things. It wasn't until 1954 when Vietnam was divided that the national economy was actively developed, for each government of course. The Communist North was a very centralized planned economy, while the South was pretty much a free-market economy with little government involvement.

When Vietnam was reunited in 1976, the North began expanding it's plan throughout the country. After they redeveloped their economic plan in 1986 to support a mixed economy (one that can function privately or with state control), Vietnam's economy has taken off. During the 1990's, their economy increased on average 8.6 percent a year and in spite of such economic growth, Vietnam's per capita income hasn't taken off but has remained at an annual low of $320. Vietnam realizes that it cannot do it on its own, it needs outside backing and investments to further advance in today's society. Industrialization is extremely important as is training and knowledge of various basic areas in modern society - banking knowledge, technology, and science to name a few.

That was there economy if brief and yes there are private sectors in Vietnam.

"By what standard of morality can the violence used by a slave to break his chains be considered the same as the violence of a slave master?" - Walter Rodney

Szabo

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Soviet cogitations: 6581
Defected to the U.S.S.R.: 19 Sep 2005, 13:48
Embalmed

29 Nov 2005, 20:45

Thank you

I take it there arn't anymore collective/state owned farms?

Now what is this…

Com Viet

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Soviet cogitations: 311
Defected to the U.S.S.R.: 12 Dec 2004, 02:21
Komsomol

02 Dec 2005, 04:13

Of course there are. State-owned arms have changed a lot since the Renovation began (1986), but not all of them gain success. In fact, they are the biggest agricultural producers at the moment.

Here's news translated in 2003.

According to Ministry of Agriculture and Rural Development, there are 314 314 collective farms (not all are state-owned farms) which own nearly 637,000 hectares, 546,000 hectares of which are in use under many ways: rent, lending....

Korgin

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Soviet cogitations: 30
Defected to the U.S.S.R.: 02 Dec 2005, 21:37
Pioneer

03 Dec 2005, 22:19

I thought the government was switching to free market?

EDIT: Nevermind, that was Laos.

KOMRADES!

Com Viet

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Soviet cogitations: 311
Defected to the U.S.S.R.: 12 Dec 2004, 02:21
Komsomol

04 Dec 2005, 04:43

We've opened the market since 1986, when the country was in great socio-economic crisis. Laos only follows Vietnam, but it does not grow as fast as Vietnam.

That the market is opened doesn't mean Vietnam is changing into capitalism. In fact, the government still has control on fields of the economy, especially key fields such as oil, electricity... That's why the Vietnamese are consuming oil at a price lower than other countries in the world.

The biggest problem today is corruption, which has spread widely since the Subsidization period (before 1986).

Korgin

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Soviet cogitations: 30
Defected to the U.S.S.R.: 02 Dec 2005, 21:37
Pioneer

06 Dec 2005, 15:55

Good.

KOMRADES!

Fitzy

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Soviet cogitations: 4032
Defected to the U.S.S.R.: 27 Oct 2006, 23:10
Politburo

28 Oct 2006, 05:13

wow, isnt it strange that north koreas per capita income is higher then vietnams?!?

Farell

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Soviet cogitations: 1675
Defected to the U.S.S.R.: 28 Jun 2004, 19:28
Party Member

28 Oct 2006, 06:25

Uh...no it's not.

http://www.indexmundi.com/vietnam/economy_profile.html

Quote:
Vietnam GDP - per capita (PPP)
$3,000 (2005 est.)

http://www.indexmundi.com/north_korea/e ... ofile.html

Quote:
North Korea GDP - per capita (PPP)
$1,800 (2005 est.)

Not only that, but the Vietnamese economy is growing many times more rapidly than the NK economy.

Genuine WCM Sig

Tim

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Soviet cogitations: 1418
Defected to the U.S.S.R.: 02 Mar 2005, 11:16
Party Member

28 Oct 2006, 08:20

Not to mention that there's no more exodus and hunger in Vietnam.

This is the result of the Doi Moi reform in Vietnamese economics, it grows the country.

Red Rebel

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Soviet cogitations: 10805
Defected to the U.S.S.R.: 21 Dec 2004, 23:53
Ideology: Marxism-Leninism
Philosophized

28 Oct 2006, 19:59

Quote:
wow, isnt it strange that north koreas per capita income is higher then vietnams?!?

Just throwing out there that GDP isn't the best way to mesure how well a socialist country is doing.

"By what standard of morality can the violence used by a slave to break his chains be considered the same as the violence of a slave master?" - Walter Rodney

Fitzy

[+-]

Soviet cogitations: 4032
Defected to the U.S.S.R.: 27 Oct 2006, 23:10
Politburo

28 Oct 2006, 20:10

Quote:
Just throwing out there that GDP isn't the best way to mesure how well a socialist country is doing.

Quote:
Until recently, most of Vietnam's economy was based on it's agriculture, mainly it's rice. Even during French colonial rule, agriculture was important, although other crops were added for export such as coffee, tea, and rubber, among other things. It wasn't until 1954 when Vietnam was divided that the national economy was actively developed, for each government of course. The Communist North was a very centralized planned economy, while the South was pretty much a free-market economy with little government involvement.

When Vietnam was reunited in 1976, the North began expanding it's plan throughout the country. After they redeveloped their economic plan in 1986 to support a mixed economy (one that can function privately or with state control), Vietnam's economy has taken off. During the 1990's, their economy increased on average 8.6 percent a year and in spite of such economic growth, Vietnam's per capita income hasn't taken off but has remained at an annual low of $320. Vietnam realizes that it cannot do it on its own, it needs outside backing and investments to further advance in today's society. Industrialization is extremely important as is training and knowledge of various basic areas in modern society - banking knowledge, technology, and science to name a few.

NOTE: these two quotes are by Red Rebel.

Thank you for providing misinformation. And then blaming me for the mistake. Not to mention the fact that you read gdp when i said per capita. Youve got something wrong with your head.

Red Rebel

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Soviet cogitations: 10805
Defected to the U.S.S.R.: 21 Dec 2004, 23:53
Ideology: Marxism-Leninism
Philosophized

28 Oct 2006, 20:29

Quote:
Thank you for providing misinformation.

After looking at a better source, CIA Factbook, I have to say that the info I previously posted is incorrect.

"By what standard of morality can the violence used by a slave to break his chains be considered the same as the violence of a slave master?" - Walter Rodney

Tim

[+-]

Soviet cogitations: 1418
Defected to the U.S.S.R.: 02 Mar 2005, 11:16
Party Member

29 Oct 2006, 01:52

Quote:
During the 1990's, their economy increased on average 8.6 percent a year and in spite of such economic growth, Vietnam's per capita income hasn't taken off but has remained at an annual low of $320.

Between 1990 to 2000 that actually increases by 75%. In transition markets, I think Vietnam ranked second in growth. China is still leading with 135% increase.

arif_moin

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Soviet cogitations: 1103
Defected to the U.S.S.R.: 26 Jul 2006, 10:21
Party Member

19 Feb 2007, 13:59

Quote:
Between 1990 to 2000 that actually increases by 75%. In transition markets, I think Vietnam ranked second in growth. China is still leading with 135% increase.

Sure, after "opening up"- there's lot of money pouring into Vietnam, but the bulk of it is reaped by those deemed profitable by the local and multinational corporate class / large scalers, as far as the professional working community goes. The average Vietnamese, especially who lives outside the citys, has only had whatever little wealth he had robbed from him, has gotten no share from the "economic pie" and is forced to deal w/ increased prices, introduction of money into essential services etc...

Stanislav_Bush

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Soviet cogitations: 638
Defected to the U.S.S.R.: 10 May 2006, 07:44
Ideology: Left Communism
Resident Soviet

19 Feb 2007, 16:59

As far as I understand, Vietnam is agrarian and it's agriculture is largely collective.

arif_moin

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Soviet cogitations: 1103
Defected to the U.S.S.R.: 26 Jul 2006, 10:21
Party Member

19 Feb 2007, 18:25

Quote:
As far as I understand, Vietnam is agrarian and it's agriculture is largely collective.

Demographics wise, you're right, but not in terms of national income distribution as of today. Communal agriculture gets an ever shrinking % of GDP each passing year.

The regime is very much in favour of "streamlining" the economy. It sounds like a fancy word, but that's just a cleaver way of saying "we endorse corporatism."