What year was Vietnam colonized by the French?
Economy of Vietnam
Until the French colonization in the mid-19th century, Vietnam's economy had been mostly agrarian, subsistence-based and village-oriented. French colonizers, however, deliberately developed the regions differently as the French needed raw materials and a market for French manufactured goods, designating the South for agricultural production as it was better suited for agriculture, and the North for manufacturing as it was naturally wealthy in mineral resources. Though the plan exaggerated regional divisions, the development of exports—coal from the North, rice from the South—and the importation of French manufactured goods stimulated domestic commerce.
Economic history of Vietnam
In the South (usually referred to as Đàng Trong), foreign trade started to emerge in the early 17th century, with Portuguese traders being first foreign businesspeople coming first to Hoi An port town near Đà Nẵng, almost the same period when the Dutch occupied Java islands of today's Indonesia in 1594. It was said that Jean de la Croix was the first Portuguese to have established a cannon molding mill–perhaps a lucrative business operation–in Thuận Hóa town, near Hue in the central region in 1614. The French arrived in Hội An port city in 1686. More importantly, French ship Machault embarked on Hội An in 1749 and presented a letter proposing first formal diplomatic relationship with Lord Nguyên, which received his warm regard.