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What do you mean by doi moi?

Updated: 10/24/2023
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10y ago

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It was a name given to economic reforms initiated in Vietnam in 1986 creating a socialist oriented market economy

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10y ago
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6mo ago

Doi moi is a term that translates to "renovation" or "renewal" in Vietnamese. It refers to a series of economic reforms initiated in the late 1980s in Vietnam, with the aim of transitioning from a centrally planned economy to a market-oriented economy. These reforms opened up the country to foreign investment, encouraged private enterprise, and led to significant economic growth and development in Vietnam.

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