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Vietnam's economy until 1975 as a market economy, is growing, and open the door. The level of economic freedom is high in 1963 and 1973. However, economic development has been implemented based on the economic plan for 5 years or four year plan. The economy stabilized in the first 10 years, then by the effects of war escalation becomes unstable, with features such as economic growth uneven, high inflation rates, deficits State budget and trade deficits. The government had to carry out land reform twice.
Generally the period 1955-1975, Vietnam's economic development Republic average 3.9% / year (per capita increased 0.8% per year ), while Vietnam's economic development the Democratic Republic of the average 6% / year (per capita GDP increased by around 3% per year). On average throughout Vietnam, the per capita GDP increased by 1.9% / year.
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