Foreword

1. Inevitability

Since 1986, Vietnam has been conducting a process of economic innovation . It has been steadily opening its economy to be able to integrate into the global marketplace more and more. During this time, the world in which we live has greatly changed. The collapse of the Soviet Union was followed by the world fully embracing, the form of government employed by the three economic superpowers: the US, EU, and Japan.

The rapid development of technology has radically changed the face of global economy. In particular, information technology and communication technology have altered the face of the global economy, making it increasing rapidly. As proclaimed by the title of a recent famous book “The World Is Flat”. International trade activities, global investment activities and migration around the world are three remarkable dimensions of today’s global activities. It is now so easy to trade with other countries, even with particular individuals in other country; that the capital can now flow throughout the world with ease. Today, individuals can easily visit every country on Earth. We call this process “globalization”, we are now living in “ the globalization age”.