Vietnam has been seeing trouble in the last few hundred years. They were colonized by the French in the mid 19th century, were occupied by Japan in the 1940s, fought the French again and defeated them in 1954. Even today, many of the older Vietnamese people can speak fluent French.
They were then politically divided into two separate states, South Vietnam and North Vietnam, and a war began between them with heavy American involvement – this is the Vietnam War. North Vietnam eventually won in 1975 and the country as a whole became communist, and still is to this day. Since then, the whole country has been impoverished and suffering, until the turn of the century when the Vietnamese economic growth came to be among the best in the world.
TOPIO: Vietnamese Ping Pong Pro
International trade between Vietnam and other countries reached USD$124 billion in the first half of 2013, and Vietnamese technology has been among the best in the world – they have designed a humanoid robot called TOPIO that can play table tennis – and win – against a professional human player. He looks quite impressive with his abs and sunglasses!
So this is a wonderful thing. Vietnam has been recovering from its poor past condition and has proven itself to be strong enough to rise up and recover. Deep poverty, defined as earning the equivalent of less than one US dollar per day, is decreasing in Vietnam, and is now much less than China, India and the Philippines. Before the 1980s, the majority of Vietnam was below the poverty line and the average income per capita was below $100USD a year, but at 2010 the average income per capita has raised to $1,130USD per year. The unemployment rate in Vietnam was 4.46% in 2012, much lower than in the past.
However a large gap between the rich and the poor still remains, with no bridge in between. The rural areas are filled with poor farmers who cannot afford education for their families. Little to no infrastructure can be found in these areas and the rural land is largely prone to natural disasters.
There is still much poverty in Vietnam
Send money to Vietnam. Support this beautiful nation by making a donation today. Because of the favourable conversion rate, your US dollar can go a long way in Vietnam, so please give generously. If this process is something that you’d like more information on, you can check out this money transfer video. There’s also a lot of other information on this process online. Again, any assistance, no matter how small would most certainly be welcome.