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Vietnam's foreign trade has been growing fast since state controls were relaxed in the 1990s. The country imports machinery, refined petroleum, and steel; it exports crude oil, textiles and garments, and footwear. The balance of trade has in the past been positive but recent statistics (2004) showed that it was negative.
The boom of trade in Vietnam this time even led to the first attempt of romanization of Vietnamese language by Alexandre de Rhodes (1591–1660)—the French Roman Catholic missionary and scholar living in the East Indies in this period, circa 1627–evidenced by his publication Dictionarium Annamiticum Lusitanum et Latinum (viz. Vietnamese ...
U.S. - Vietnam Trade Relations refer to the bilateral trade relationship between the United States of America (U.S.) and the Socialist Republic of Vietnam (Vietnam) from 1990s to 2012. After more than two decades of no economic relationship since the end of the Vietnam War , [ 1 ] the two governments reestablished economic relationship during ...
U.S. trade data released on Thursday showed the country's deficit with Vietnam reached $102 billion in the first ten months of this year, nearly a 20% increase over the same period in 2023.
Vietnam's large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other ...
"The US-China Trade War: Impact on Vietnam." (2019). online Archived 14 August 2022 at the Wayback Machine; Hiep, Nguyen Quang. "Vietnam-China trade relations and the effects of the US-China trade war." Business and Economic Research 9.4 (2019): 1-11. Hood, Steven J. Dragons Entangled: Indochina and the China-Vietnam War (ME Sharpe, 1993).
The U.S. and Vietnam signed a Bilateral Trade Agreement in July 2000, which went into force in December 2001. [44] In 2003, the two countries signed a counter-narcotics Letter of Agreement (amended in 2006), a Civil Aviation Agreement, and a textile agreement. In January 2007, Congress approved Permanent Normal Trade Relations (PNTR) for ...
In 2013, Vietnam recorded the second year of trade surplus of US$863 million. In 2014, Vietnam recorded the third year of trade surplus of US$2.14 billion, the largest trade surplus ever in history. [111] Three years later, in 2017, it surpassed itself with a record of $2.92 billion.