Subsidy period

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Thời bao cấp (lit. 'Subsidy period') generally refers to the period between 1975 and 1986 (end of Vietnam War to the beginning of Đổi Mới economic reforms) when Vietnam was under command economy during relative peacetime.^[1] Although North Vietnam's economy had been under command economy since 1954, it usually does not considered belonging to the bao cấp era.