In a historic shift in 1986, the Communist Party of Vietnam implemented free-market reforms known as Đổi Mới (Renovation). With the authority of the state remaining unchallenged, private ownership of farms and companies, deregulation and foreign investment were encouraged. The economy of Vietnam has achieved rapid growth in agricultural and industrial production, construction and housing, exports, and foreign investment. It is now one of the fastest growing economies in the world. See Economy section for more detail.
from http://en.wikipedia.org/wiki/Vietnam
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