Vietnam Economy After Embargo Essay - 2046 Words

Vietnam Economy After Embargo When the last United States forces left South Vietnam on March 29, 1973 in over-stuffed helicopters and crowded aircraft carriers, it was to be the closing of book whose chapters lasted through four presidencies. When North Vietnam successfully invaded South Vietnam and captured Saigon on April 30, 1975, an embargo originally placed on the north by the United States was extended onto the entire, newly-named Republic of Vietnam. That embargo, ordered by President Richard M. Nixon, stayed in place until President Bill Clinton dropped it on February 3, 1994. President Clinton has asserted on numerous occasions that the only reason he improved any relations America had with Vietnam was solely in the context of†¦show more content†¦Here there are some excerpts from a New York Times article that talk about the question. ITS Coke vs. Pepsi and United Airlines vs. Northwest in the post-embargo battle to win the hearts and wallets of the Vietnamese. These and dozens of other American name brands are sure to be welcomed, both because Vietnam is aching to end its psychological isolation and because American businesses are positioned to sell what the country wants most. But there is a real question of whether Vietnam can grow fast enough to justify an aggressive marketing effort. While David Dollar, an economist at the World Bank, is cautiously optimistic that Vietnam will soon break out of the pack of the worlds poorest countries, the obstacles are formidable. The most immediate problems are wretched physical infrastructure (trains, planes, telephones, power plants) along with an absence of free market institutions (banking, property rights, contract law). But Adam Fforde, an Australian consultant specializing in the Vietnamese economy, thinks the Government may lose control over budget and credit policies -- a weakness that dogs Russia and is casting a shadow over Chinas development. Big obstacle to the rise of the economy are Infrastructures, absence of free market institutions. Lets analyse these problems in details. The Vietnam WarShow MoreRelatedHuman Relations Between Cuba And Cuba1888 Words   |  8 Pages Relations between the two countries were altered completely when Fidel Castro†¯made†¯a number of decisions that did not please Washington. These measures were not well-received by government officials in Washington and they, in return, imposed an embargo on Cuban agricultural products, notably sugar and cigars. From this moment, relations between the two nations were vastly deteriorated. The ending of trade relations between the two countries escalated further with the crisis that came with the BayRead MoreThe Vietnam War, Foreign Policy, And Economic Crisis1259 Words   |  6 Pagesgovernment. Some causes for this attitude include: the Vietnam War, unreliable foreign policy, and economic crisis. 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