The term doi moi refers to economic reforms currently underway in Vietnam.

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Doi moi is a set of economic reforms that were initiated in 1986 in Vietnam to transition from a centrally planned economy to a market-oriented economy. It involved liberalizing regulations on private enterprise and foreign investment, allowing greater freedom in workers’ wages and prices, and expanding trade with other countries. The reforms have led to significant economic growth and development in Vietnam.

The Term Doi Moi Refers to Economic Reforms Currently Underway