Word: vietnam
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Dates: during 1990-1999
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...Vietnam Trade Ban Dropped...
...Saigon is poverty-stricken and still at least partly under the thumb of ancient Marxists. Per capita income remains at $200 a year, one of the poorest in the world. Says Julian Reid, a director of Jardine Fleming Securities in Hong Kong: "In the medium to long term, Vietnam is extremely exciting. The short term is full of frustrations...
...same, Vietnamese tend to believe that the return of Uncle Sam, offering strategic security with one hand and commercial goodwill with the other, will redeem a history of mutual mistakes. "Everyone I know is interested in doing business in Vietnam," says Hong Kong-based U.S. businessman Warren Williams. "Expectations on both sides are unrealistic. When I was there in the mid- to late '60s, the Vietnamese thought nothing would go right until the Americans got out. Now they say nothing will go right until the Americans come back. I thought they were wrong then, and I think they are wrong...
President Clinton lifted the 19-year-old trade embargo against Vietnam, opening a potentially lucrative market to U.S. firms. Although he cited Vietnam's cooperation in the search for evidence of the more than 2,000 Americans still missing from the Vietnam War as justification for the move, Clinton's decision disappointed veterans' groups and families of mias. On the other hand, firms such as American Express and United Airlines were thrilled; both announced plans to open for business in Vietnam ASAP. It still remains for the two countries to establish full diplomatic relations...
...VIETNAM: Fresh Start...