Building Up and Improvement of the Institution of the Socialist Oriented Market Economy in Vietnam

The market oriented economic reform direction has been officially affirmed since the VI Congress of the Vietnamese Communist Party (1986) with the approval of the economic reform plan towards doi moi. This direction was then legalized in the Constitution (1992) and further developed in official documents of Communist Party Congresses and legal documents of the Government of Vietnam . In the past years, to specify this political direction, the Government and people of Vietnam have made endless efforts to establish a new economic institution system called the socialist oriented market economy.