During the period of 1945-1975, Vietnam was divided into two regions with two different governments. In the North, the authority government was the Democratic Republic of Vietnam and the direction of economic developing was socialist-oriented and planned economy.

In the South, government of the Republic of Vietnam held administrative power and developed a market economyin capitalist direction. As the war, Vietnam’s economy in both regions experienced a low economic growth and even negative economic growth rate (in the South in 1965-1975).

Vietnam's economy in the war