Vietnam's 1986 Doi Moi reforms, which dismantled central planning, returned land to farmers, and opened the country to global markets, transformed the nation from a country with 700% inflation and 60% poverty into a global manufacturing hub with electronics exports exceeding $126 billion by 2024, reducing poverty to under 6% and lifting 28 million people out of deprivation in a single generation.
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How Vietnam Turned 700% Inflation Into Asia's Economic Miracle #Shorts本站添加:
In 1986, Vietnam's [music] inflation hit 700% and millions were going hungry.
Four decades later, it became the factory [music] floor for Apple, Samsung, and the world.
Facing total collapse, [music] Vietnam's Communist Party made a desperate gamble in 1986: dismantle [music] central planning, return land to farmers, and open to the world.
They called it Doi Moi, meaning renovation, [music] and it would transform everything.
The results were staggering.
Poverty fell from nearly 60% in the early 1990s to under 6% by 2020.
Around 28 million people escaped poverty [music] in a single generation.
Today, Vietnam's factories produce devices that power the world.
>> [music] >> In 2024, electronics exports alone topped $126 billion.
>> [music] >> A country that once starved now drives the global tech supply chain.
Watch the full video on our channel.
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