Đổi Mới economic reforms
E27848
The Đổi Mới economic reforms were a series of market-oriented changes launched in Vietnam in 1986 that transformed its centrally planned economy into a socialist-oriented market economy, spurring rapid growth and integration into the global market.
Observed surface forms (2)
| Surface form | Occurrences |
|---|---|
| Doi Moi economic reforms | 1 |
| Đổi Mới | 1 |
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
economic reform program
ⓘ
market-oriented reform ⓘ policy reform ⓘ |
| announcedAt | 6th National Congress of the Communist Party of Vietnam ⓘ |
| announcedIn | Hanoi ⓘ |
| characteristic |
combination of state planning and market mechanisms
ⓘ
gradualist reform approach ⓘ |
| component |
currency and banking reforms
ⓘ
decollectivization of agriculture ⓘ fiscal and tax reforms ⓘ foreign investment liberalization ⓘ legal reforms for business environment ⓘ price liberalization ⓘ recognition of private enterprise ⓘ state-owned enterprise reform ⓘ trade liberalization ⓘ |
| country |
Viet Nam
ⓘ
surface form:
Vietnam
|
| effect |
development of private small and medium enterprises
ⓘ
expansion of private sector in Vietnam ⓘ growth of export-oriented manufacturing ⓘ increased foreign direct investment in Vietnam ⓘ integration of Vietnam into global economy ⓘ rapid GDP growth in Vietnam ⓘ reduction in poverty rates in Vietnam ⓘ shift from subsistence agriculture to commercial agriculture ⓘ urbanization in Vietnam ⓘ |
| goal |
improve economic efficiency
ⓘ
promote economic growth ⓘ reduce poverty ⓘ stabilize the macroeconomy ⓘ transition to a socialist-oriented market economy ⓘ |
| implementedBy |
Communist Party of Vietnam
ⓘ
Government of Vietnam ⓘ |
| inspiredBy | Chinese economic reforms ⓘ |
| languageOfName | Vietnamese ⓘ |
| legalFramework |
Enterprise Law of Vietnam
ⓘ
Law on Foreign Investment in Vietnam ⓘ |
| maintains |
leading role of the state sector
ⓘ
one-party political system ⓘ |
| nativeName |
Đổi Mới economic reforms
self-linksurface differs
ⓘ
surface form:
Đổi Mới
|
| nativeNameLanguage | vi ⓘ |
| policyType |
market socialism
ⓘ
socialist-oriented market economy ⓘ |
| politicalContext |
Viet Nam
ⓘ
surface form:
Socialist Republic of Vietnam
|
| precededBy | centrally planned economy in Vietnam ⓘ |
| relatedTo |
Vietnam–US Bilateral Trade Agreement
ⓘ
Vietnam’s accession to ASEAN ⓘ Vietnam’s accession to the World Trade Organization ⓘ |
| startDate | 1986 ⓘ |
| timePeriod | late 20th century ⓘ |
| translationOfName | renovation ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Vietnam
this entity surface form:
Doi Moi economic reforms
this entity surface form:
Đổi Mới