ABSTRACT
Recent years have brought burgeoning interest in foreign investment in Vietnam. Although a few observers have sounded discordant notes about VietnamÕs economic potential,2 they have been drowned out in the chorus of the prevailing opinion that Vietnam appears set to become the next ÔtigerÕ of Southeast Asia.3 Recognising this potential, the US lifted its trade embargo of Vietnam in early 1994.4 By this time, foreign investors from other nations had already established a presence in Vietnam.5
