What was the nature of colonial economy in Vietnam ?

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asked Jan 31, 2018 in History by Golu (37,045 points) 19 145 413
What was the nature of colonial economy in Vietnam ?

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answered Jan 31, 2018 by faiz (82,347 points) 6 6 11
selected Jan 31, 2018 by Golu
 
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(i) Like colonial policy of other imperial powers, the French also subjected the Vietnamese economy to interests of the homeland. Vietnam had to supply its natural resources and other essential goods to France on their terms.
(ii) No doubt the French took up vast irrigation works and built canals but mainly with forced labor consisting of Vietnamese people.
(iii) Increased rice production was aimed to export rice to the international market to make a profit. Colonial economy of Vietnam was primarily based on rice cultivation and rubber plantation.

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