Communist Party of Vietnam

The Communist Party of Vietnam (CPV) is the only legal political party in Vietnam, founded in 1930. It leads the country under a socialist system, promoting Marxist-Leninist principles. The CPV emphasizes state ownership of resources, economic planning, and social equality. Vietnam transitioned from a centrally planned economy to a socialist-oriented market economy in the 1980s, allowing for some private enterprise while maintaining party control. The CPV plays a central role in governance and policy-making, focusing on national development, economic growth, and maintaining social order, while facing challenges related to modernization and human rights.