The eighth National Assembly was the one of the initial period of the country’s comprehensive “Doi Moi” (Renewal) process initiated by the Party.
The National Assembly performed its noble mission of paving the way for the comprehensive renewal of the country. It uniformly and effectively conducted activities to perform its functions, authority, and tasks regulated by the Constitution: making the Constitution, making laws, monitoring, and making decisions on major issues related to the country, people’s welfare, and internal and external affairs, especially the Constitution and law-making activities.
The eighth National Assembly convened 11 sessions to consider and decide on important issues of the country so as to stabilise the economy and society, ensure defence and security, and expand external relations, thus lifting the country out of economic crisis and taking firm steps forward on the path to socialism.
The legislature revised and promulgated the 1992 Constitution and passed many important laws and legal documents to institutionalise the policy of developing a multi-sector commodity economy in Vietnam.
Law-making activities were carried out by the eighth National Assembly in an active manner. In its five years, the legislature promulgated two codes and 25 laws. Among them, many important economic laws such as the law on foreign investment in Vietnam, the law on companies, and the law on private enterprises were promulgated for the first time, which institutionalised the policy of developing a multi-sector commodity economy and helped with national economic development.
During the tenure of the eighth National Assembly, Vietnam recorded significant achievements in terms of economy, culture, and education. New strides were made in the building and reinforcement of the State of the people, by the people, and for the people; foreign relations expanded, and defence – security strengthened.