Đổi Mới
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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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Socialist-oriented Market Economy
The socialist-oriented market economy ( Vietnamese: ''Kinh tế thị trường định hướng xã hội chủ nghĩa'') is the official title given to the current economic system in Vietnam by the ruling Communist Party. It is described as a multi-sectoral market economy where the state sector plays the decisive role in directing economic development, with the eventual long-term goal of developing socialism. The socialist-oriented market economy is a product of the '' Đổi Mới'' (innovation) economic reforms process which led to the replacement of the centrally planned economy with a market-based mixed economy based on the predominance of state-owned industry. These reforms were undertaken to allow Vietnam to integrate with the global economy. The term "socialist-oriented" is used to highlight the fact that Vietnam has not yet achieved socialism and is in the process of building the basis for a future socialist system. The economic model is similar to the socialist ...
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Library Of Congress
The Library of Congress (LOC) is a research library in Washington, D.C., serving as the library and research service for the United States Congress and the ''de facto'' national library of the United States. It also administers Copyright law of the United States, copyright law through the United States Copyright Office, and it houses the Congressional Research Service. Founded in 1800, the Library of Congress is the oldest Cultural policy of the United States, federal cultural institution in the United States. It is housed in three buildings on Capitol Hill, adjacent to the United States Capitol, along with the National Audio-Visual Conservation Center in Culpeper, Virginia, and additional storage facilities at Fort Meade, Fort George G. Meade and Cabin Branch in Hyattsville, Maryland. The library's functions are overseen by the librarian of Congress, and its buildings are maintained by the architect of the Capitol. The LOC is one of the List of largest libraries, largest libra ...
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Foreign Investment Law Of Vietnam
Foreign may refer to: Government * Foreign policy, how a country interacts with other countries * Ministry of Foreign Affairs, in many countries ** Foreign Office, a department of the UK government ** Foreign office and foreign minister * United States state law, a legal matter in another state Science and technology * Foreign accent syndrome, a side effect of severe brain injury * Foreign key, a constraint in a relational database Arts and entertainment * Foreign film or world cinema, films and film industries of non-English-speaking countries * Foreign music or world music * Foreign literature or world literature * ''Foreign Policy'', a magazine Music * "Foreign", a song by Jessica Mauboy from her 2010 album ''Get 'Em Girls'' * "Foreign" (Trey Songz song), 2014 * "Foreign", a song by Lil Pump from the album '' Lil Pump'' Other uses * Foreign corporation, a corporation that can do business outside its jurisdiction * Foreign language A foreign language is a language that is ...
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National Assembly (Vietnam)
The National Assembly of the Socialist Republic of Vietnam (N.A.; ) is the Unicameralism, unicameral parliament and the highest body of state power of Socialist Republic of Vietnam, Vietnam. The National Assembly is the only branch of government in Vietnam and, in accordance with the principle of unified power, all state organs are subservient to it. The Constitution of Vietnam recognizes the assembly as "the highest organ of state power." The National Assembly, a 500-delegate Unicameralism, unicameral body elected to a five-year term, meets in the session twice a year. The assembly appoints the President of Vietnam, president (head of state), the prime minister (head of government), the chief justice of the Supreme People's Court of Vietnam, the head of the Supreme People's Procuracy of Vietnam (or 'Supreme People's Office of Supervision and Inspection'), and the 21-member Government. The Socialist Republic of Vietnam is an authoritarian state. The National Assembly has been c ...
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Private Sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinati ...
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Heavy Industry
Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, huge buildings and large-scale infrastructure); or complex or numerous processes. Because of those factors, heavy industry involves higher capital intensity than light industry does, and is also often more heavily cyclical in investment and employment. Though important to economic development and industrialization of economies, heavy industry can also have significant negative side effects: both local communities and workers frequently encounter health risks, heavy industries tend to produce byproducts that both pollute the air and water, and the industrial supply chain is often involved in other environmental justice issues from mining and transportation. Because of their intensity, heavy industries are also significant contributors to greenhouse gas emissions that cause climate ...
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Võ Văn Kiệt
Võ Văn Kiệt (; 23 November 1922 – 11 June 2008"Ex-Vietnam premier Vo Van Kiet dies at 85: government"
AFP, June 11, 2008.
) whose real name is Phan Văn Hòa, was a Vietnamese politician and economic reformer who served as the of from 1991 to 1997. A well regarded

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Council Of Ministers (Vietnam)
The Government of the Socialist Republic of Vietnam (; less formally the Vietnamese Government or the Government of Vietnam, ) is the Cabinet (government), cabinet and the central Executive (government), executive arm of the Politics of Vietnam, state administration of Vietnam. The members of the Government are appointed by the President of Vietnam on the advice of the Prime Minister of Vietnam and approved by the National Assembly of Vietnam, National Assembly. The Government is led by the Communist Party of Vietnam (CPV), which is headed by the General Secretary of the Communist Party of Vietnam, CPV general secretary, often seen as the highest political post in Vietnam. The current government is the Government of Phạm Minh Chính (also known as the Government of the 15th National Assembly), which was established in accordance with the Constitution of Vietnam, 2013 Constitution of the Socialist Republic of Vietnam. Throughout history, each state administration of Vietnam h ...
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Thành Phố Hồ Chí Minh
Ho Chi Minh City (HCMC) ('','' TP.HCM; ), commonly known as Saigon (; ), is the most populous city in Vietnam with a population of around 14 million in 2025. The city's geography is defined by rivers and canals, of which the largest is Saigon River. As a municipality, Ho Chi Minh City consists of 16 urban districts, five rural districts, and one municipal city (sub-city). As the largest financial centre in Vietnam, Ho Chi Minh City has the largest gross regional domestic product out of all Vietnam provinces and municipalities, contributing around a quarter of the country's total GDP. Ho Chi Minh City's metropolitan area is ASEAN's 5th largest economy, also the biggest outside an ASEAN country capital. The area was initially part of Cambodian states until it became part of the Vietnamese Nguyễn lords in 1698, due to Đại Việt's expansionist policy of '' Nam tiến''. It was capital of the Nguyễn lords at the end of their existence before the Nguyễn dynasty was ...
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Cooperative
A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled wikt:Enterprise, enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from Collective farming, collectives in that they are generally built from the bottom-up, rather than the top-down. Cooperatives may include: * Worker cooperatives: businesses owned and managed by the people who work there * Consumer cooperatives: businesses owned and managed by the people who consume goods and/or services provided by the cooperative * Producer cooperatives: businesses where producers pool their output for their common benefit ** e.g. Agricultural cooperatives * Purchasing cooperatives where members pool their purchasing power ...
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Viet Cong
The Viet Cong (VC) was an epithet and umbrella term to refer to the communist-driven armed movement and united front organization in South Vietnam. It was formally organized as and led by the National Liberation Front of South Vietnam, and conducted military operations under the name of the Liberation Army of South Vietnam (LASV). The movement fought under the direction of North Vietnam against the South Vietnamese and United States governments during the Vietnam War. The organization had both guerrilla and regular army units, as well as a network of cadres who organized and mobilized peasants in the territory the VC controlled. During the war, communist fighters and some anti-war activists claimed that the VC was an insurgency indigenous to the South that represented the legitimate rights of people in South Vietnam, while the U.S. and South Vietnamese governments portrayed the group as a tool of North Vietnam. It was later conceded by the modern Vietnamese communist lead ...
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Nguyễn Văn Linh
Nguyễn Văn Linh (; 1 July 1915 – 27 April 1998) was a Vietnamese revolutionary and politician. Nguyễn Văn Linh was the general secretary of the Communist Party of Vietnam from 1986 to 1991 and a political leader of the Vietcong during the Vietnam War. During his time in office, Linh was a strong advocate of " Đổi Mới" (renovation), an economic plan whose aim is to turn Vietnam economy to a socialist-oriented market economy. As such, Linh was often touted as the "Vietnamese Gorbachev" after the Soviet leader, who introduced ''Perestroika''.Stowe, Judy: "Obituary: Nguyễn Văn Linh". ''The Independent''. 28 April 1998. Nguyễn Văn Linh was born in Hưng Yên, a province in the North, but more than half of his life was associated with the South. He was arrested and imprisoned many times by the French colonialists. After 1945, Linh was assigned by the Party Committee to return to Saigon to lead two resistance wars against France and United States. In 1962, Linh wa ...
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