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Article: A would-be tiger: assessing Vietnam's prospects for gaining most favored nation status from the United States.
- Article from:
- William and Mary Law Review
- Article date:
- May 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 College of William and Mary, Marshall Wythe School of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The United States did not remove its trade embargo against the Socialist Republic of Vietnam(1) until February 1994;(2) nevertheless, foreign investors have labeled Vietnam as "the next Asian Tiger."(3) Optimism among Vietnamese and foreign investors has increased since the lifting of the embargo, particularly in light of the 8.2% annual growth in Vietnam's Gross Domestic Product (GDP) that has occurred over the past five years.(4) In addition, exports jumped 200% between 1990 and 1995, from $1.73 billion to $5.3 billion,(5) and, during the first half of 1995, foreign investment more than doubled compared to the same period in 1994, reaching $3.6 billion.(6)
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