ABSTRACT
The economic reforms initiated by the governments of Cambodia, Laos and Vietnam at the outset of the 1980s enjoyed limited success but failed to achieve many of the objectives set by the ruling communist parties. The package of reform measures adopted by Vietnam at the end of 1986 focused on six policy areas in an attempt to quicken the pace of what the government termed doi moi. Doi moi represented a sustained attack on the central planning model; thereafter, market-type relations existed alongside the central planned economy throughout Vietnam. The Vietnamese National Assembly first approved a foreign investment law in late 1987. Although it resembled a 1979 Chinese law, the 1987 Vietnamese version was, in some areas, more comprehensive and liberal. By mid-1993, the package of economic reforms initiated in 1986 and expanded after 1989 was having an increasingly positive impact on the Vietnamese economy.
