Vietnams Economy and Culture Essay

429 WordsJul 15, 20122 Pages
Economy Vietnam is a densely populated country, whose economy is based on agriculture, primarily wet rice cultivation. More than 80 percent of the country's 80 million people are engaged in farming. There have been numerous attempts to industrialize, but the country's infrastructure was devastated after decades of war, while aid was wasted due to poor economic planning. Agriculture is by far the most important economic sector in Vietnam. The great majority of the population earns its income from farming. Rice is the most important crop. It is grown on about four-fifths of the cropped land. Other major food crops are cassava (manioc), corn (maize), soybeans, peanuts (groundnuts), and sweet potatoes. Agriculture is highly labor-intensive in Vietnam, and much plowing is still done by water buffalo. The export of such seafood as shrimp, squid, crab, and lobster has become a growing source of foreign exchange. There also has been an increase in the number of commercial shrimp farms. The economy of Vietnam is a developing planned economy and market economy. Vietnam has made a move from a highly centralized planned economy to a socialist-oriented market economy. Over that period, the economy has experienced rapid growth. Nowadays, Vietnam is in the period of combining into the world's economy, as a part of globalization. Almost all Vietnamese enterprises are small and medium enterprises. Vietnam has been rising as a leading agricultural exporter and an attractive foreign investment destination in Southeast Asia. Culture Vietnam has a long culture about 4000 years of history. Hung king was person that discovered Vietnam. The culture of my country was affected by the culture of communist nations such as the Soviet Union, China, Cuba and others. Since the 1990s, Vietnam has seen a greater exposure to Southeast Asian, European and American culture and media. Vietnam also

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