Doi Moi

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Doi moi (the usual English spelling of Vietnamese Đổi mới = "innovation") is the name given to the economic reforms initiated by the Socialist Republic of Vietnam in 1986. 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 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 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, the directing ideology in Chinese economic reform.
• Economic history of Vietnam

v • d • e Vietnam in the 20th century
World War I	Antebellum	World War II	First Indochina War	Vietnam War	Subsidy phase	Đổi Mới (renovation)