On June 29, 2005, Vietnam National Assembly had enacted two new laws - the Law on enterprise and the Law on investment which have come into effect from July 1, 2006. These two new laws had ennulled four older laws - the law on enterprise (1999), the law on foreign investment in Vietnam (1996), the law on domestic investment incentives (1999), and the law on state owned enterprise (2003). These two new laws, as the milestone of unifying the business legal system in Vietnam, are expected to create an advantage business environment for all investors investing in Vietnam.

Vietnam has also gained entrance to WTO since November 7, 2006. Being the WTO's member, Vietnam had signed the Agreement with WTO on trade, service and taxation which will pay the way to foreign investors accessing into its market. The "opening market" schedule will be 12 years but no latter than the year of 2018.