ABSTRACT
After a decade of building its market-based economy, Vietnam has accomplished remarkable achievements in many areas. These economic successes have been well documented and analyzed in various chapters of this book (refer to Chapter 3 in particular). In general, the Doi Moi policy has two main components: domestic structural reforms, from macro to micro, and an open policy that promotes international trade and investment. More specifically, economic development in Vietnam has in recent years relied heavily on foreign direct investment (FDI). The substantial decline of FDI inflows to Vietnam in the last few years of the last decade has adversely affected its GDP growth rate.
