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Subsidy Period
''Thời bao cấp'' () generally refers to the period between 2 July 1976 and 18 December 1986 (Vietnamese reunification to the beginning of Đổi Mới economic reforms) when Vietnam was under Soviet-type economic planning during relative peacetime. Although North Vietnam's economy had been under Soviet-type economic planning Soviet-type economic planning (STP) is the specific model of Planned economy#Central planning, centralized planning employed by Marxism–Leninism, Marxist–Leninist socialist states modeled on the economy of the Soviet Union. The post-''pere ... since 1954, it usually does not considered belonging to the ''bao cấp'' era as the country was under division and war. References Vietnam {{econ-hist-stub ...
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Đổi Mới
(; ) is the name given to the economic reforms process of Vietnam since late 1986 with the goal of creating a " socialist-oriented market economy". The term itself is a general term with wide use in the Vietnamese language meaning "innovate" or "renovate". However, the Đổi Mới Policy () refers specifically to these reforms that sought to transition Vietnam from a command economy to a socialist-oriented market economy. The economic reforms in the Soviet Union under Gorbachev inspired the Vietnamese government. However, unlike the Soviet Union but like China, the communist rulers in Vietnam refused political reform. The Đổi Mới economic reforms were initiated by the Communist Party of Vietnam (CPV) in December 1986 during the party's 6th National Congress. Vietnam learned from China's reform experience but with more conservative level. These reforms introduced a greater role for market forces for the coordination of economic activity between enterprises and governm ...
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Vietnam
Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and dependencies by population, fifteenth-most populous country. One of two communist states in Southeast Asia, Vietnam shares land borders with China to the north, and Laos and Cambodia to the west. It shares Maritime boundary, maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia, and Malaysia through the South China Sea. Its capital is Hanoi and its largest city is Ho Chi Minh City. Vietnam was inhabited by the Paleolithic age, with states established in the first millennium BC on the Red River Delta in modern-day northern Vietnam. Before the Han dynasty's invasion, Vietnam was marked by a vibrant mix of religion, culture, and social norms. The Han dynasty annexed Northern and Central Vietnam, which were subs ...
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Soviet-type Economic Planning
Soviet-type economic planning (STP) is the specific model of Planned economy#Central planning, centralized planning employed by Marxism–Leninism, Marxist–Leninist socialist states modeled on the economy of the Soviet Union. The post-''perestroika'' analysis of the system of the Soviet economic planning describes it as the administrative-command system due to the ''de facto'' priority of highly centralized management over planning. An example of analytical approach to several stages of the Soviet political-economic model can be found in the works of Soviet economist Lev Gatovsky. Characteristics Institutions The major institutions of Soviet-type planning in the Soviet Union (USSR) included a planning agency (Gosplan), an organization for allocating state supplies among the various organizations and enterprises in the economy (Gossnab) and enterprises which were engaged in the production and delivery of goods and services in the economy. Enterprises comprised production a ...
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North Vietnam
North Vietnam, officially the Democratic Republic of Vietnam (DRV; ; VNDCCH), was a country in Southeast Asia from 1945 to 1976, with sovereignty fully recognized in 1954 Geneva Conference, 1954. A member of the communist Eastern Bloc, it opposed the French-supported State of Vietnam and later the Western-allied South Vietnam, Republic of Vietnam (South Vietnam). The DRV Fall of Saigon, invaded Saigon in 1975 and ceased to exist the following year when it Reunification Day, merged with Provisional Revolutionary Government of the Republic of South Vietnam, the south to become the current Vietnam, Socialist Republic of Vietnam. During the August Revolution following French Indochina in World War II, World War II, Vietnamese communist revolutionary Ho Chi Minh, Hồ Chí Minh, leader of the Viet Minh, Việt Minh Front, Proclamation of Independence of the Democratic Republic of Vietnam, declared independence on 2 September 1945 and proclaimed the creation of the Democratic Repu ...
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