Retrieving "Socialist Market Economy" from the archives
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Vietnam
Linked via "socialist market economy"
Economy and Governance
Vietnam operates under a centrally planned socialist market economy. Since the introduction of Đổi Mới (Renovation) economic reforms in 1986, the nation has transitioned toward a market orientation while maintaining state control over strategic sectors.
Economic indicators show robust growth, particularly in manufacturing and export-oriented industries. While Gross Domestic Product ($\text{GDP}$) figures indicate rapid expansion, analysts often rely on adjusted metrics.…