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History of Vietnam (1945–present)

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  • 4 chapters

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Through United Nations, Cold War and French Revolution

After 1976, the newly reunified Vietnam faced many difficulties during the subsidy period due to a centralised command economy, the Third Indochina War, the Cold War, and an American economic embargo. In 1986, after the death of Lê Duẩn, the Communist Party of Vietnam changed its economic policy and began a series of reforms to the private sector and to the economy through what is known as Đổi Mới, a reform primarily led by Prime Minister Võ Văn Kiệt. During the 6th National Congress of the Communist Party of Vietnam, the country abolished its planned economy system in favor of a socialist-oriented market economy. Ever since the reforms in the late 1980s, Vietnam has enjoyed substantial economic growth.

End of World War II

The Japanese occupied Vietnam during World War II but allowed the French to remain and exert some influence. At the war's end in August 1945, a power vacuum was created in Vietnam. Capitalizing on this, the Việt Minh launched the "August Revolution" across the country to seize government offices. Emperor Bảo Đại abdicated on August 25, 1945, ending the Nguyễn dynasty. On September 2, 1945, at Duc Anh Ba Đình Square, Ho Chi Minh, leader of the Viet Minh organization, declared Vietnam's independence under the new name of the Democratic Republic of Vietnam (DRVN) in a speech that invoked the United States Declaration of Independence and the French Revolution's Declaration of the Rights of Man and of the Citizen. Ho sent several letters to the US government asking to be recognised as the government of Vietnam and offering friendship to America, but none were ever answered.

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