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Vietnam News: Economy
Further Reading
Woods, Shelton. pp 150-156 Vietnam, an
This page is part of a class project for our LIT251 class (better known as Understanding Vietnam).
It was created by Stephen Borregine, Daniel Stevens, and James Huie.
LAST UPDATE: 26-April-201027-April-2010

LIT251 - Clarkson University
TOPICS
Moi (A VietmaneseVietnamese economic system)

In December of 1986, The VCP discussed the failed economic policies of the SRV and developed their economic renovation program called Doi Moi. The idea behind the new system was to use the successful program that the farmers were using for entrepreneurship, and bring it to the rest of the economy. The government now allowed citizens to create for-profit businesses. The immediate result of the reform was unsteady and lead to a huge increase in unemployment.
Doi Moi in today's economy
trails behind many other nations. the much of the rest of the world. From the chart below, it does seem that Vietnam's economy hasn't taken as big of a hit as the rest of the world's. However, time will only tell whether this holds true.
Effects of Doi Moi on the economy of Vietnam
{vietnam_world_GDP.png}

In December of 1986, The VCP discussed the failed economic policies of the SRV and developed their economic renovation program called Doi Moi. The idea behind the new system was to use the successful program that the farmers were using for entrepreneurship, and bring it to the rest of the economy. The government now allowed citizens to create for-profit businesses. The immediate result of the reform was unsteady and lead to a huge increase in unemployment.
Doi Moi in today's economy
Even today,Today, Doi Moi continues to be used and expanded on. There areis still many troublespracticed in Vietnam. The policy has helped Vietnam's economy grow since the economy, but it is in much better shape than in the 1980’s.1980's. However, Vietnam's economy still trails behind many other nations.
Effects of Doi Moi on the economy of Vietnam
{GDP_per_capita.png}{vietnam_world_GDP.png}
As seen, the GDP per capita in Vietnam was affected by the Doi Moi experiment, although it's effects weren't fully felt until the 1990s, when the GDP per capita began to increase exponentially. This data is based on the ERS International Macroeconomic Data Set, available from the USDA's Economic Research Service
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