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.
French Indochina
In order to create a political alternative to the Viet Minh, the State of Vietnam, led by former Emperor Bảo Đại, was proclaimed in 1949. On 9 November 1953 the Kingdom of Cambodia proclaimed its independence. Following the Geneva Accord of 1954, the French evacuated Vietnam and French Indochina came to an end.