The Congress also marked a major leadership transition, with a new collective demonstrating clearer reform thinking. When we began economic reform, one of the most powerful and meaningful changes, in my view, was in foreign affairs. As the socialist bloc’s support shrank, we had to think seriously about attracting foreign investment. Though modest, these early ventures opened a new path: attracting private foreign capital to serve domestic development. From those initial steps, we gradually formed a clearer awareness of the role of foreign investment, leading to the promulgation of the Law on Foreign Investment in 1987.

Source: VietNamNet News February 26, 2026 11:07 UTC