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At various points during these thousand years of imperial dynasties, Vietnam was ravaged and divided by civil wars and repeatedly attacked by the Songs, Mongols, Yuans, Chams, Mings, Dutch, Qings, French and the Americans.
The victories mostly belonged to the Vietnamese but, even during the periods in history when Vietnam was independent, it was mostly a tributary state to China until the French colonisation.
In practical terms, you'll find rampant capitalism at the "retail" level, with shopkeepers and sellers from carts exercising great flexibility in pricing and how they do business.
As those business people go up levels of permissions to operate (e.g., where they do business), government controls quickly take over.
Fighting between South Vietnam and the North Vietnamese-backed Việt Cộng escalated into what became known as the Vietnam War - although the Vietnamese officially refer to it as the American War.Vietnam's history is one of war, colonisation and rebellion.Occupied by China no fewer than four times, the Vietnamese managed to fight off the invaders just as often.It is very difficult for them to trade without negotiating 'fees'.Business can be done via local partnerships with all the attendant risks. There are often 'rolling blackouts' when there is not enough electricity at times.
After a brief Japanese occupation in World War II, the Communist Việt Minh under the leadership of Hồ Chí Minh continued the insurgency against the French, with the last Emperor Bảo Đại abdicating in 1945 and a proclamation of independence following soon after.