Subsidy period

Thời bao cấp (lit. 'Subsidy period') generally refers to the period between 2 July 1976 and 18 December 1986 (Vietnamese reunification to the beginning of Đổi Mới economic reforms) when Vietnam was under Soviet-type economic planning during relative peacetime.^[1] Although North Vietnam's economy had been under Soviet-type economic planning since 1954, it usually does not considered belonging to the bao cấp era as the country was under division and war.