Based on the implementation of the “open-door” policy and the concurrent acceptance of the market economy, Việt Nam has in recent years achieved much both in terms of joining the world market and in improving social life. Under the impact of the process of industrialization and modernization, there has been a major change in the use of major resources such as capital, land and labour with the focus being on industry and services. The open-door policy was implemented by the Communist Party and the Vietnamese State at the end of 1986 in accordance with the Communist Party’s guidelines as laid down in the 6th nationwide representatives’ assembly1. At this assembly, besides the recognition of mistakes and defects in earlier guidelines and policies, the Communist Party made an innovative change in its economic thinking. It established entirely new guidelines for developing a multi-sector commodity-based economy coupled with an extension of international cooperation. Some typical quotes are: “ regarding the economy with its multisector structure as a special characteristic of thetransitional period”, “ The direction for renewing the mechanism of economic management was by way of the abolition of the system based on administrative subsidies”, “ needed to have policies on extending the exchange of goods and abolishing both the closed-door policy and the partition of the market”, “ enlarging and enhancing the effects of the international economy”, “ trying to establish economic relations with developed countries, international organizations and foreign individuals”, “ encouraging foreign investments , need to have policies and methods in order to create favourable conditions for foreigners and overseas Vietnamese doing business in Việt Nam”2. This opened a period of renewal in Vietnamese history.