The article cites that a soft insurance market, a nonlitigious culture and sophisticated operating standards cut risks for foreign companies operating in Vietnam. While it is a communist country, over the past two decades the government of Vietnam has been moving the country away from an isolationist command economy and toward a free-market economy. In assessing the biggest risk management challenges that foreign-owned companies face in Vietnam, experts points out that the country has not completed its transformation and still faces development issues.