Đổi Mới is the name given to the economic reforms initiated in Vietnam in 1986 with the goal of creating a "socialist-oriented market economy". The term đổi mới itself is a general term with wide use in the Vietnamese language meaning "innovate" or "renovate". However, the Đổi Mới Policy refers specifically to these reforms that sought to transition Vietnam from a command economy to a socialist-oriented market economy.

Lê Duẩn was a Vietnamese communist politician. He rose in the party hierarchy in the late 1950s and became General Secretary of the Central Committee of the Communist Party of Vietnam (VCP) at the 3rd National Congress in 1960. He continued Hồ Chí Minh's policy of ruling through collective leadership. From the mid-1960s until his own death in 1986, he was the top decision-maker in Vietnam.