What is the official title of the current economic system in Vietnam?
Q: What is the official title of the current economic system in Vietnam?
A: The official title of the current economic system in Vietnam is Đổi mới.
Q: How is the economic system in Vietnam described?
A: The economic system in Vietnam is described as a multisectoral market economy where the state sector plays a crucial role in managing economic development.
Q: What is the long-term goal of the economic system in Vietnam?
A: The long-term goal of the economic system in Vietnam is to develop socialism.
Q: What led to the economic reforms in Vietnam?
A: The economic reforms in Vietnam were led by the Đổi mới policy and were implemented to allow the country to participate in the global market economy.
Q: When were the Đổi mới-economic reforms initiated?
A: The Đổi mới-economic reforms were initiated by the Communist Party of Vietnam in 1986 during the party's sixth national congress.
Q: What changes were made through the economic reforms in Vietnam?
A: The economic reforms in Vietnam allowed private ownership of small businesses together with state-owned and collectively-owned companies. These reforms also played a greater role in market forces to coordinate economic activity between companies and public authorities.
Q: What is the product of the Vietnam economic reforms?
A: The product of the Vietnam economic reforms is the socialist-oriented market economy based on state-owned industry.
