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Economy, Manufacturing

Communist government, division of Vietnam, chemical fertilizer, state ownership, upswing

At the time of the French conquest in the late 19th century, Vietnamís industry was at a relatively primitive stage. The French introduced some modern technology and production methods. After the division of Vietnam in 1954, both the North and South governments attempted to promote industrialization. However, efforts were stymied by the Vietnam War, and little was accomplished before 1975.

After reunification, the Communist government promoted the creation of an advanced industrial society characterized by state ownership, but the results were meager. The plans adopted as a part of the doi moi reforms call for a balanced approach to developing both industry and agriculture, with a mix of state, collective, and private ownership.

Most large firms remain under state ownership, but the role and number of private enterprises has steadily increased. Most enterprises produce consumer goods for the domestic market, although a growing number manufacture goods for export, notably textiles and processed foods. Steel production has increased dramatically since the end of the war, and the manufacture of cement, chemical fertilizer, and textile and paper goods is on the upswing. Foreign firms play a growing but still limited role in the industrial sector.



Article key phrases:

Communist government, division of Vietnam, chemical fertilizer, state ownership, upswing, reunification, Vietnam War, balanced approach, private ownership, industrialization, paper goods, production methods, processed foods, industrial sector, modern technology, domestic market, textiles, war, consumer goods, century, creation, agriculture, export, end, results, efforts, time, industry

 
 

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