Photo Credit: Fair Use [17 U.S.C. § 107]
How Capitalism Beat Communism in Vietnam
26 Mar 2024 | Abstracted from Reason
"As late as 1993, 79.7 percent of the Vietnamese population was living in poverty. By 2020, the poverty rate had fallen to 5 percent. Vietnam is now one of the most dynamic countries in the world, with a vibrant economy that creates great opportunities for hardworking people and entrepreneurs.
"Changes to policy began at the local level...provinces in the Mekong Delta, for example, moved from the rationing subsidy system to a market-based system as early as the 1980s."
ADDITIONAL RELATED NEWS LINKS
- From Zero to Everywhere: VinFast Turned Electric Cars into Daily Life in the Philippines
- Little-Known Fact: The All-Electric Armored Lac Hong 900 LX Is Built on the VinFast VF 9 Platform
- What's Keeping The Indian Middle Class From Driving An Electric Car?
- VinFast Expands Electric Vehicle Incentives Nationwide, Plans Massive Battery-Swapping Network
- Dozens Of New Electric Bus Routes For Vietnam's Ho Chi Minh City
- VinFast VF 3 Shipments Are Officially Underway With Starting Prices Under $13,000
- A Cute, Sub-$20,000 SUV Can Be The Gateway For Cheap EVs In America
- 70 US Dealers Apply To Sell VinFast Electric Vehicles
- Vinfast Wants To Sell The Cheapest EV In America At Under $20,000
- Critics Agree: The VinFast VF8 Is Very, Very Bad
RSStream
- Tesla spending skyrockets as Cybercab, Semi, Megapack production timeline slips
- View Exterior Photos of the 2026 Toyota RAV4 Woodland PHEV
- Ford, Global Power Products debut vehicle-to-home backup solution
- Exclusive: Segway teases more electric bikes, including a street-legal next-gen Xyber
- How EVs Became Political
- [VIDEO] By The Numbers: When EVs Will Overtake Petrol And Diesel
- 3 Big Reasons to Believe in Rivian Stock Long-Term
- [VIDEO] The EV "Death" Narrative Just Collapsed - Espresso Shots
- GM just added ChargePoint to its EV apps
- How We''d Spec A Cheap, Fun Truck From Slate To Maximize Value
