Doi Moi
In 1986, the government initiated economic reforms (Doi Moi) to the corporate sector to reinvigorate the ailing economy. These policies aimed to reverse most of policies that led to economic crises in the 1970s and 1980s following the Vietnam War. Development of the private sector was encouraged and the economy was liberalized in hopes of increasing the potential for economic development. In 1987, the Law on Foreign Investment was passed, allowing foreign investors into the country.