After more than two decades since the launch of the country’s renovation strategy (1986 – 2009), Viet Nam has made an extensive effort to establish its legal framework and implement policies to mobilise investment from the private sector, including international investment, to stimulate economic growth and improve the standard of living of the Vietnamese people. Throughout this period, the Vietnamese economy has been transformed from a centrally planned model to a market-based one, featuring a dynamic private economic sector developing side by side with the state-owned sector for the good of the economy. Huge domestic economic resources have been unleashed. The economy has gone through important changes, both in quantity and quality. It has led to impressive growth of the private sector and to large inflows of foreign investment. Viet Nam is now seen as one of the most attractive destinations for foreign direct investment (FDI) FDI in the world, particularly for FDI from Asian and most developed countries as the figures for 2007-2008 clearly show.