Socialist Republic of Vietnam: Difference between revisions
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Revision as of 12:39, 29 November 2020
Vietnam, officially the Socialist Republic of Vietnam is a socialist state on the Indochinese Peninsula in Southeast Asia. The 2019 census counted a population of 96,208,984[1]. The country borders China to the north and Cambodia and Laos to the west. The capital city is Hanoi while the most populous city is Ho Chi Minh City (also known by it's previous name of Saigon).
Politics
Vietnam is a Marxist-Leninist one party socialist republic. The ruling party is the Communist Party of Vietnam.
Economy
After reunification in 1975 Vietnam became a centrally planned economy. In the late 1980s the economy was suffering from a decline in Soviet aid, the decomposition of the Eastern Bloc and the effects of the post-war embargo by the USA. In 1986 the CPV adopted a series of market reforms known as Đổi Mới which would transition the country to a socialist-oriented market economy.