Đổi Mới
도이머이
The renovation program associated with the Vietnamese Communist Party’s Sixth Congress in 1986. In response to postwar shortages and inflation, it expanded household farming, private activity, foreign trade and investment.
In depth
The renovation program associated with the Vietnamese Communist Party’s Sixth Congress in 1986. In response to postwar shortages and inflation, it expanded household farming, private activity, foreign trade and investment.
Reform also institutionalized earlier local experiments. State enterprises and national development planning continued alongside wider market coordination and one-party rule. The postwar planning period under Le Duan and Truong Chinh provides essential context.
Improved incentives and exports contributed to income growth and poverty reduction. Wartime destruction, later international trading conditions, education and infrastructure also mattered. Poverty statistics using different thresholds should not be treated as a single comparable series.