Following the withdrawal of U.S.

forces from Vietnam in 1975, the country embarked on a remarkable transformation that would reshape its political, social, and economic landscape.

 Politically, Vietnam transitioned from a socialist, centrally-planned economy to a market-oriented socialist economy, known as "Đổi Mới" (Renovation).

This shift allowed for greater private enterprise, foreign investment, and the gradual dismantling of state-owned monopolies.

The government also implemented political reforms, granting more autonomy to local authorities and encouraging citizen participation in decision-making processes. - https://vietnamfocusguide.com/blog/vietnam-transformation-after-us-withdrawal/?unique_id_m5o7e0d4

"The Unfolding Saga of Vietnam's Transformation: From U.S. Withdrawal to Present-Day Progress"