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Socialism in Vietnam, in particular Marxism–Leninism, is the ideological foundation of the Communist Party of Vietnam (CPV) for the development of the country ever since its establishment. [1] Socialism is one of three major political ideologies formed in the 19th century alongside liberalism and conservatism. There are many varieties of ...
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. [2] The economic model is similar to the socialist market economy employed in China.
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
In 1976, Vietnam was officially reunified and renamed the Socialist Republic of Vietnam (SRVN), with its capital in Hanoi. The Communist Party of Vietnam dropped its front name "Labor Party" and changed the title of First Secretary, a term used in China, to Secretary-General, used in the Soviet Union, with Lê Duẩn as its Secretary General ...
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Vietnam, [e] [f] officially the Socialist Republic of Vietnam, [g] [h] is a country at the eastern edge of mainland Southeast Asia, with an area of about 331,000 square kilometres (128,000 sq mi) and a population of over 100 million, making it the world's fifteenth-most populous country.
According to Vietnamese economist Vo Nhan Tri, Vietnam's post-reunification economy was in a "period of transition to socialism." The process was described as consisting of three phases. The first phase, from 1976 through 1980, incorporated the Second Five-Year Plan (1976–80)--the First Five Year Plan (1960–65) applied to North Vietnam only.
The preamble to the constitution of the Socialist Republic of Vietnam states that Vietnam only entered a transition stage between capitalism and socialism after the country was reunified under the Communist Party of Vietnam in 1976. [39]