Select 2 of the proposed provisions and comment on the advisability of these 2 provisions being adopted in an international treaty. Suggest alternative approaches to dealing with the problems mentioned. After five years of a leap forward, foreign investment in Vietnam is faltering because of ambivalence within the ruling Politburo, capricious official decisions and widespread corruption in the government's bureaucracy and the business world. The chief investment officer of an investment firm, John R. Pike of the Vietnam Frontier Fund in Ho Chi Minh City, says 75 percent of proposals for joint ventures never get started and 50 percent of those that do eventually fail. Several American ventures have fallen by the wayside in the past year.
Vietnamese leaders appear to have recognized the disenchantment.
Prime Minister Vo Van Kiet devoted half of an address to the National Assembly last month to calling for better conditions for foreign investment. A leading economist, Le Dang Doanh, in a remarkably candid speech to a business group that could have been given only with top approval in this authoritarian regime, recited a litany of obstacles ranging from inconsistent regulations to poor banking. It was unclear, however, whether any real changes would be made, because of divisions within the Politburo. After the long war against the United States and the South Vietnamese ended with the country unified under Hanoi in 1975, the Communist rulers struggled for 10 years to establish a Marxist, centrally planned economy. That failed, and in 1986 a program of renovation called ''dot moi'' was begun.