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However, the Đổi Mới Policy (Chính sách Đổi Mới) refers specifically to these reforms that sought to transition Vietnam from a command economy to a socialist-oriented market economy. [1] [page needed] The Đổi Mới economic reforms were initiated by the Communist Party of Vietnam in 1986 during the party's 6th National Congress.
The congress is noteworthy because of the introduction of economic reforms, labelled Đổi Mới (Renovation), and the election of a new party leadership. The sitting General Secretary, Trường Chinh was not reelected, and Nguyễn Văn Linh took his place. The 6th Politburo, 6th Secretariat and the Control Commission were elected.
The socialist-oriented market economy is a product of the Đổi Mới (innovation) economic reforms 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.
1985–1986 election 15 December – 18 December 1986 1,129 124 FM – 49 AM Trường Chinh — Amendment ~1,900,000 7th National Party Congress 4 days 1990–1991 election 24 June – 27 June 1991 1,176 146 Nguyễn Văn Linh "National Construction in the Transitional Period to Socialism" Amendment 2,155,022 8th National Party Congress 4 days ...
Ho Chi Minh Thought (Vietnamese: Tư tưởng Hồ Chí Minh) is a political philosophy that builds upon Marxism–Leninism and the ideology of Vietnamese revolutionary Ho Chi Minh.
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