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Study Korea's experiences on community and rural development to apply for Nong Thon Moi in Vietnam

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  • Study Korea's experiences on community and rural development to apply for Nong Thon Moi in Vietnam
  • Luan,Nguyen Ngoc
  • Korea Rural Economic Institute


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Title Study Korea's experiences on community and rural development to apply for Nong Thon Moi in Vietnam
Similar Titles
Material Type Reports
Author(English)

Luan,Nguyen Ngoc

Publisher

Naju;South Korea : Korea Rural Economic Institute

Date 2017
Pages 25
Subject Country South Korea(Asia and Pacific)
Vietnam(Asia and Pacific)
Language English
File Type Link
Subject Territorial Development < National Land Development
Holding Korea Rural Economic Institute
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Abstract

After over 20 years pursuing the renovation "Doi Moi" 2 , Vietnam has achieved great successes in economic development with average GDP growth rate reached 7.14%/year in the period 1991 – 2011. The HDI index increased steadily from 0.561 in 1985 to 0.607 in 1995 and 0.725 in 2007, reflecting the considerable improvement in human development and social justice of the country. World Bank (2011) highly appreciated Vietnam's achievement and equity in development, which has been better than most other countries in similar situation. The political and economic reforms launched in 1986 has transformed Vietnam from one of the poorest countries in the world, with per capita income below $100, to a lower middle income country with per capita income of $1.130 by the end of 2010. The poverty rate has dropped dramatically from 58% in 1993 to 14.5% in 2008, and most indicators of welfare have improved. Vietnam has already attained five of its ten original Millennium Development Goal targets and is well on the way to attaining two more by 2015.