Đổi mới

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Đổi mới (renovation) is the name given to the economic reforms initiated by the Socialist Republic of Vietnam in the mid-1980s. As a result of Đổi mới many free-market enterprises were permitted (and, indeed, later encouraged) by the Communist Party of Vietnam; furthermore, the push to collectivize the industrial and agricultural operations of Vietnam, previously the focus of intense efforts by the Communist authorities, was essentially abandoned.

Although not simultaneously accompanied by an articulated policy of increased social or political liberty (such as political glasnost accompanied economic perestroika in the Soviet Union), the Communist government has nonetheless tacitly permitted many personal freedoms much greater than in the past (apart from taboo issues such as criticism of the Communist regime) since the beginning of the Đổi mới era.

[edit] See also

• perestroika, a similar policy effected in the Soviet Union four years before its dissolution
• Socialism with Chinese characteristics, the economic doctrine currently espoused by the People's Republic of China