which fact will you highlight to explain the nature of colonial economy in Vietnam
Answers
The economy in Vietnam during colonial period was, however, primarily based on rice cultivation and rubber plantations which were owned by the French and a small Vietnamese elite.
Port and rail facilities were set up to service this sector.
Indentured Vietnamese labour was widely used in the rubber plantations.
The French did little to industrialise the economy.
In the rural areas landlordism spread and the standard of living declined.
In that time there were several barriers to economic growth in Vietnam: high population levels, low agricultural productivity and extensive indebtedness amongst the peasants.
To reduce rural poverty and increase agricultural productivity it was necessary to carry out land reforms . This could not ensure sufficient employment.
industrialisation would be essential to create more jobs.