Subsidy Period
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''Thời bao cấp'' () generally refers to the period between 2 July 1976 and 18 December 1986 (Vietnamese reunification to the beginning of
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" ...
economic reforms) when
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 depende ...
was 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 ...
during relative peacetime. Although
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 o ...
'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