The Government of Viet Nam has achieved tremendous progress since the launch of the Renovation Policy, or Doi Moi, just over three decades ago. Market-oriented structural reforms have allowed it to become one of the world’s fastest growing economies, dramatically reducing poverty and delivering socio-economic progress. It has increasingly integrated into the world economy by attracting growing amounts of foreign direct investment which have fuelled sustained export growth. Although Viet Nam stands out from other emerging economies, notably for its social inclusiveness, some investment climate challenges still need to be addressed. These include boosting slowing productivity growth, helping public institutions cope with the rapid pace of legislative activity and ensuring economic growth is inclusive, balanced and sustainable.