Thirty Years On:A Divided Legacy

June 2005
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p1
Country Report
Country Report
The article reports that on April 30, 1975, Vietnam's communists won a war against the U.S. and its local allies that reunified the country. But, thirty years on, it is still debatable whether they have won the peace. Vietnam's economy has expanded rapidly since the pro-market Doi Moi reforms of the late 1980s and, today, it is one of the world's fastest-growing economies, posting real GDP growth of almost 8 percent in 2004. Per capita GDP, adjusted for inflation, has almost doubled during the past decade and the percentage of the population living on less than two U.S. dollar a day has been halved to almost 30 percent. But economic growth has been distributed unevenly, with most of the benefits going to the south of the country while the north still lags behind.


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