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After approval by the Council of Ministers, major trade programs were announced at national party congresses. The trade program announced in 1986 at the Sixth National Party Congress called for export growth of 70 percent during the Fourth Five-Year Plan. [1] Closer linkages between trade and general economic planning in the 1980s had mixed ...
The former Ministry of Trade has its origins in 1945 with the formation of the modern National Unification Cabinet, and became a ministry in its own right in 1955. [1] The Ministry of Trade merged with the Ministry of Industry in 2007 to form the Ministry of Industry and trade. The current Minister of Industry and Trade is Nguyễn Hồng Diên.
The Ministry manages the work of national accounting, state borrowing, the activities of stock markets, and the Department of Customs. [1] The Ministry's main offices are located in Hanoi . The Ministry of Finance directly owns and controls some state companies, such as Bao Viet Insurance, of which it owns 71%.
The bilateral trade between the U.S. and Vietnam grew slowly afterwards, and it has developed rapidly after the signing of the U.S.-Vietnam Bilateral Trade Agreement in December 2001. [3] Total bilateral trade turnover has increased 1200% from $1.5 billion in 2001 to over $20 billion in 2011. [4]
Below is a list of all the bilateral trade agreements Vietnam is currently participating in, organized by the partnering country. Chile: Vietnam-Chile Free Trade Agreement, signed 12 November, 2011; came into effect on 4 February, 2014. [1] Cuba: Vietnam–Cuba Free Trade Agreement, signed 9 November 2018; came into effect on 1 April, 2020. [2]
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