Reason for Vietnam's underdevelopment compared to other countries in Asia?

Asked 27-Jun-2023
Updated 27-Jun-2023
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Vietnam has been relatively underdeveloped compared to other countries in Asia for a number of reasons. These include:

  • The Vietnam War. The Vietnam War was a long and bloody conflict that lasted from 1954 to 1975. The war caused widespread destruction and displacement, and it set back Vietnam's economic development by many years.
  • The Cold War. Vietnam was caught up in the Cold War, and it was subjected to economic sanctions by the United States and its allies. This further hindered Vietnam's economic development.
Reason for Vietnams underdevelopment compared to other countries in Asia
  • The lack of natural resources. Vietnam does not have a lot of natural resources, such as oil or gas. This has made it difficult for Vietnam to develop its economy in the same way that other countries in Asia have been able to.
  • The lack of infrastructure. Vietnam's infrastructure, such as its roads, railways, and ports, is not as developed as in other countries in Asia. This has made it difficult for Vietnam to trade with other countries and to attract foreign investment.
  • The lack of education. Vietnam's education system is not as developed as in other countries in Asia. This has made it difficult for Vietnam to develop a skilled workforce, which is essential for economic growth.

However, Vietnam has made significant progress in recent years. The country has opened up its economy to foreign investment, and it has implemented a number of reforms to improve its infrastructure and education system. As a result, Vietnam's economy is growing rapidly, and it is expected to become a middle-income country by 2025.

It is important to note that Vietnam's development is still facing a number of challenges. These include corruption, inequality, and environmental degradation. However, if Vietnam can overcome these challenges, it has the potential to become a major economic power in Asia.