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Running head: GLOBALIZATION1Impacts of Globalization on VietnamStudent’s NameInstitutional Affiliation
GLOBALIZATION2The Impact of Globalization on VietnamThere is a myth that has tried so much to explain to the origin of Vietnamese people.According to this myth, many Vietnamese believe that their origin was forged by a unionbetween a dragon and an angel. Although this lacks scientific truth, it is impossible to challengethe myths historically. It is through this myth that Vietnamese people have been united since it isbased on faith. Despite many religions (Catholic, Protestant, Hao Hao, Muslim, Cao Dai, etc.) inVietnam, people are convinced they originated from the same source. According to Chinesedomination, China has conquered Vietnam for long. However, little is known about when thenation became independent. Like any other nation that struggled for independence, Vietnam wasunder the French colony. In the 1900s, Vietnam was liberated from the Japanese control andproclaimed her independence. According to worldometer.info, the population of Vietnam is morethan 97 million in the year 2020 (worldometer.info, 2020). The gender ratio is one since thepercentages of males to females are 49.9% and 50.1%, respectively. The demographiccharacteristics of Vietnam also suggest that the population is mainly composed of people aged 25to 54 years, children aged 0 to 14 years with the less aged population (worldometer.info, 2020).The nation has a high dependency ratio, whereas the trend of fertility rate keeps declining to thepresent years. Again, life expectancy is about 76 years for both males and females. Currently,closely 37% live in urban areas with most people living in rural regions. The developments thatVietnam has realized over the last three decades are remarkable. These developments areattributable to economic and political reforms that have heightened economic growth andglobalization. Despite the trade tensions and volatility in the emerging economies, the economyof Vietnam has seen broad-based growth coupled with low inflation. The current globalization isrelated to the trade policy uncertainty, domestic reform integration, and geopolitics. More than
GLOBALIZATION3that, Vietnam is vulnerable to the aging population, digitalization, and climate change towardsdevelopment.
GLOBALIZATION4Annotated BibliographySuci, S. C., Asmara, A., & Mulatsih, S. (2018). The impact of globalization on economic growthin Vietnam.Bisnis & Birokrasi Journal,22(2), 79-87.This source evaluates globalization based on integrated regional organizations. Toachieve this, the authors focus on social, political, and economic policies that affect the economicgrowth and globalization process. The panel data for six countries were used, meaning that theauthors relied on other sources of information ranging from 2006 to 2012 to investigate thepositive and significant impacts of globalization. Reflecting this source to the current study, wecan assert that the source unearths essential information that shows how political and social

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Term
Fall
Professor
DrAluoch

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