Last update 10/12/2011 08:00:00 AM (GMT+7)
VietNamNet Bridge – Twenty-five years after Vietnam implemented the open-door policy, many people cannot forget memory about the so-called “Thoi bao cap”, when they bought everything not by money, but coupons.
“Thoi bao cap” is the phrase used to mention a period of time in Vietnam after the country’s unification in 1975 until late 1986 (before the Doi Moi or renovation period). This is the time of the centrally-planned economy when goods were not traded in the market, but distributed through coupons. Even salary was sometimes paid by goods.
“Thoi bao cap” is the phrase used to mention a period of time in Vietnam after the country’s unification in 1975 until late 1986 (before the Doi Moi or renovation period). This is the time of the centrally-planned economy when goods were not traded in the market, but distributed through coupons. Even salary was sometimes paid by goods.