In this paper, we revisit, with further enhancements and clarifications, the self-consistent first-principles approach developed previously for deriving the vector radiative transfer theory for a discrete random medium with a sparse concentration of particles. We specifically consider the case of a plane-parallel particulate layer embedded in an otherwise homogeneous unbounded medium. The solution method is based on the far-field Foldy equations, an order-of-scattering expansion for the total field derived under the Twersky approximation, the computation of the coherent field by assuming that the positions of the particles are uncorrelated, and the ladder approximation for the coherency dyadic. The latter yields an integral equation for the diffuse specific coherency dyadic, defined through an angular spectrum representation for the coherency dyadic, which in turn, gives the vector radiative transfer equation for the diffuse specific intensity column vector. We analyze specifically the computation of the coherent field for inhomogeneous particulate media and multiple species of particles, the continuous extension of the far-field representation to the near field, the Foldy approximation, and the Foldy integral equation for the coherent field. Finally, we discuss the transition from the vector to the scalar radiative transfer equation.