Fill in each numbered blank with one suitable word or phrase.

In 1986 Vietnam (1)_____ a political and economic innovation campaign (Doi Moi) that introduced reforms intended to facilitate the transition from a centralized economy to a “socialist-oriented market economy”. Doi Moi combined government planning with free-market incentives. The program abolished agricultural (2) _____, removed price controls on agricultural goods, and enabled farmers to sell their goods in the marketplace. It encouraged the establishment of private businesses and foreign investment, including foreign-owned (3) _____.

By the late 1990s, the success of the business and agricultural (4) _____ ushered in under Doi Moi was evident. More than 30,000 private businesses had been (5) _____, and the economy was growing at an annual rate of more than 7 percent. From the early 1990s to 2005, poverty (6) _____ from about 50 percent to 29 percent of the population. However, progress varied geographically, with most prosperity concentrated in urban areas, (7) _____ in and around Ho Chi Minh City. In general, rural areas also made progress, as rural households (8) _____ in poverty declined from 66 percent of the total in 1993 to 36 percent in 2002. (9) _____ contrast, concentrations of poverty remained in (10) _____ rural areas, particularly the northwest, north-central coast, and central highlands. Government control of the economy and a nonconvertible currency have protected Vietnam from what could have been a more severe impact resulting from the East Asian financial crisis in 1997.

In 1986 Vietnam (1)_____ a political and economic innovation campaign (Doi Moi) that introduced reforms intended to facilitate the transition from a centralized economy to a “socialist-oriented market economy”.