With renovation process, Holidays Vietnam step by step surpassed many difficulties, hindrances, and achieved great results. During the 1991-1998 period, the average economic growth rate (presented by the increase rate in GDP) reached 8%. In 1999 the economy was seriously affected by the economic crisis in the region and natural calamities; it GDP growth was only 4,5%. However, economic performance is inspiring in 2000 with GDP growth of 6,7% by first nine months. By September 2000, Foreign Direct Investment (FDI) reached $ 36 billion with 2,500 projects; inflation decreased from 67.1% (in 1991) to 6% (in 2000), living standards of the majority were improved. The cultural and intellectual standard got further increased. Generally, Holidays Vietnam has made a lot of progress in the fields of education, health care, culture and art, sports, family planning, public media, and other social activities. The political situation, independence and sovereignty of the nation, national security and defense have been maintained stable, thus actively facilitating the “Doi Moi” process. The political system from central to local level was consolidated; the State’s rule and law has been firmly constructed and increasingly made perfect. The foreign policy of independence and sovereignty multilateralization and diversification has brought about great results. Now, Holidays Vietnam has established diplomatic relations with nearly 170 countries, trade relations with 165 countries, and attracting foreign investment from more than 70 countries and territories.