1. Vietnam
... In 1986, the government implemented reforms and the economy was gradually transformed into a more open, market-oriented system. In 2003, Vietnam's per capita GDP reached US$420 per year and was removed from the list of Least Developed Countries (LDC). As a transitional economy, Vietnam followed a similar path with China and ... establishment of full diplomatic ties in 1995. 3. Reforms and Growth After 10 years of failed economic planning, the 6th National Congress of the Vietnamese Communist Party started implementing an economic restructuring reform also known as "Doi Moi". Despite stat...
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