Traditional Culture Encyclopedia - Tourist attractions - Why is Vietnam's economic development slower than China's?
Why is Vietnam's economic development slower than China's?
1, poor infrastructure conditions in Vietnam;
2. The impact of the Southeast Asian crisis. At the end of 1990s, the financial crisis in South Asia severely impacted the economic development of Southeast Asia, while China was not greatly affected during this period, thus developing.
3. Vietnam's industrialization is late, with uneven industrial sectors and many weak links. Without strong support, the development speed is slow;
4. Vietnam's inflation is very serious, and the exchange rate is constantly decreasing;
Politically, although China has been sanctioned, it has strong organizational ability and can attract capital with a huge market, while Viet Nam is at a disadvantage in this respect.
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