"Doi Moi" is a significant economic reform policy initiated in Vietnam in 1986. It aimed to transition the country from a centrally planned economy to a socialist-oriented market economy. The reforms encouraged private enterprise, foreign investment, and market mechanisms, leading to increased economic growth and improved living standards for many Vietnamese citizens. As a result of Doi Moi, Vietnam experienced rapid industrialization and urbanization. The policy helped reduce poverty and integrate the country into the global economy, making it one of the fastest-growing economies in Southeast Asia. Today, Doi Moi is credited with transforming Vietnam into a more dynamic and competitive nation.