"Vietnam is back on the radar screen"

Business Week, November 20, 2000, pp. 56-57.

Synopsis:

When the U.S. lifted the economic embargo against Vietnam six years ago, many foreign investors were interested in the country but had to leave because of the country's red tape, corruption, and protectionism.

With President Clinton's visit to Vietnam, foreign investors are willing to take another look at the country. A trade pact is expected to be ratified by the U.S. and Vietnam next year, which will at least force Vietnam to play more fairly with foreign investors; foreign companies are being allowed to wholly own local subsidiaries; Average tariffs on U.S.-bound goods are expected to drop significantly; and internal reforms including an enterprise law will help Vietnam turn into an investor-friendly country. This article also explains other impacts of the trade deal with the U.S. on the progress and pace of reform in Vietnam.

Full-text Article: http://www.businessweek.com/2000/00_47/b3708135.htm

Text connection:

Chapter 7 "The Political Economy of Foreign Direct Investment" (pp.213-219).

Return to This Week in Global News