This paper examined the comparative trend and pattern of foreign direct investment (FDI) flows in Vietnam over the period (2001-2011) in the ASEAN setting. Astonishingly, the period study has detected a declining trend of FDI inflows in Vietnam at the end of the preceding decade and being of the current decade. Together with the Vietnamese other parameters, the business environment is, thus, analyzed for a better perception and galvanizing ideas for policy diagnosis in the future course of direction of the FDI into the country. Moreover, for a better regional contribution, a formation of VCLT-DS (Vietnam, Cambodia, Laos, Thailand, and Development Square) similar to the IMT-GT (Indonesia, Malaysia, Thailand Growth Triangle) is suggested for the consideration of the concerned political authorities.
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