DOI MOI REFORM FLASHCARDZ

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What is Doi Moi?

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Doi Moi is a series of economic reforms introduced in Vietnam in 1986 to transition from a centrally planned economy to a socialist-oriented market economy.

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What was a major outcome of the Doi Moi reforms by the early 1990s?

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The country became one of the fastest-growing economies in Asia.

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What significant reform did Vietnam implement during the Doi Moi period?

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Agricultural reform known as the Household Responsibility System.

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What characterized the economy of Vietnam before Doi Moi (1976-1985)?

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A centralized, subsidized planned economy.

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During which National Congress was the Doi Moi policy introduced?

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6th National Congress of the Communist Party of Vietnam.

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What was one of the main benefits of allowing foreign investment in Vietnam after 1987?

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An influx of capital and technology.

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What is the Household Responsibility System?

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A reform that allowed individual households to manage their own agricultural production and sell surplus.

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What does 'centralized economy' mean?

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An economy where the government makes all economic decisions and controls all resources.

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What is a market-driven economy?

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An economy where supply and demand determine prices and production.

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What is foreign investment?

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Investment made by a company or individual in one country in business interests in another country.