How Did Vietnam Contribute To Capitalism

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Vietnam was, and still is, technically, a communist nation. It’s ruled by the Communist Party of Vietnam, founded eighty-seven years ago in 1930 and modernized forty years ago in 1976, the party we see today. It supports its own unique system which it calls a “socialist-oriented market economy.” Its main purpose is to direct the economy, develop socialism, and allow Vietnam to integrate itself into the global market economy. However, as it is now, it’s more the fuel that is propelling capitalism ideals. Vietnam’s economic policies have developed to become more capitalistic. In fourteen years, the per capita GDP of Vietnam has increased by about 450%. As a result, public support of capitalism grew to around 95% by 2015, and Vietnam is now the

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