Answer:
Vietnamese Economic Growth after the end of the Vietnam War in 1975:
Vietnam experienced low economic growth rate in the decade after the end of the Vietnam war in 1975 because the country fell into communism. Communism by its very nature did not produce economic prosperity in any nation where it was practised.
Economic growth is experienced in an economic system that promotes free enterprise. With free enterprise, citizens were able to pursue economic prosperity and generate profits without state intervention.
Explanation:
Communism as a governmental system did not promote economic prosperity, especially during the cold war years. The communist nations were more interested in building military power and displaying political showmanship instead of engaging their citizens in economic productive activities. Without free enterprise, investments are withheld, while economic growth stalls.
