Doi Moi in Vietnam and Some Suggestions

Abstract

In the later 1970s and 1980s, to cope with development difficulties, most nations in the socialism system tried to explore their own paths towards development. These included the Reform of the Soviet Union and China and Doi Moi in Vietnam. Due to the leading socialist state, the Soviet Unions failed Reform, the whole socialist system began to fall apart and most of its countries have shifted towards capitalism-based development. However, China and Vietnam have remained consistent in their socialist paths, maintaining suitable methodologies through respective reforms. Given this line of reasoning, this article objectively shares some achievements and challenges Vietnam has encountered over the past thirty years of renovation and offers implications for the developmental process.