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Clinton Vietnam visit opens US business opportunities for 78 million market
American firms led by Boeing Coca Cola General Electric General Motors Cisco Nike and Proctor & Gamble join a three day Clinton trip to Vietnam seeking access to soft drinks consumer products and high tech telecoms as trade reforms slash tariffs. The visit highlights plans to expand banking presence two new branches in Hanoi and Ho Chi Minh City and promote a bilateral trade deal expected to cut tariffs from about 40 percent to around 3 percent. The deal ties Vietnam to market reforms and intellectual property protections while Hanoi faces resistance from state run firms and aims to advance free market capitalism and democracy through engagement.
MENTIONED IN THIS ARTICLE
Washington
Vietnam
U.S
Clinton
Boeing
Citigroup
Coca-Cola
General Electric
General Motors
Cisco Systems
Nike
Proctor & Gamble
Germany
Lionel Johnson
Banking Corporation
Hanoi
Ho Chi Minh City
Congress
China