What was the condition of colonial economy in Vietnam? Explain

  • The colonial economy in Vietnam was, however, primarily based on rice cultivation and rubber plantations owned by the French and a small Vietnamese elite.
  • Rail and port facilities were set up to service this sector. Indentured Vietnamese labour was widely used in the rubber plantations.
  • The French, contrary to what Bernard would have liked, did little to industrialise the economy. In the rural areas landlordism spread and the standard of living declined.
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