United States celebrates 25 years since end of trade embargo against Vietnam

U.S. Chargé d’Affaires ad interim to Vietnam, Caryn McClelland, on January 18 spoke at the American Chamber of Commerce luncheon in Hanoi celebrating the 25th anniversary of President Clinton’s lifting of the U.S. trade embargo against Vietnam. 
U.S. Chargé d’Affaires ad interim to Vietnam, Caryn McClelland delivers remarks at the 25th anniversary of the end of the trade embargo against Vietnam

U.S. Chargé d’Affaires ad interim to Vietnam, Caryn McClelland delivers remarks at the 25th anniversary of the end of the trade embargo against Vietnam

Speaking to an audience that included Deputy Prime Minister Vuong Dinh Hue, The Honorable John Kerry, Dr. Vu Tien Loc (Chairman and President, Vietnam Chamber of Commerce & Industry), Ambassador Pete Peterson (the first U.S. Ambassador to Vietnam following normalization of relations), and Ambassador Le Van Bang (the first Vietnamese Ambassador to the U.S. following normalization), she celebrated 25 years of renewed economic cooperation between the United States and Vietnam, during which bilateral trade has grown from just over $200 million in 1994 to more than $50 billion today.

The Chargé recalled that the end of the embargo “closed one door on our bilateral relationship and opened another … [so that ] we could trade, build people-to-people ties, and cooperate in areas such as education, science, and technology.”

She noted that many people deserve credit for the remarkable progress, including Senators McCain and Kerry; long-term American business people in Vietnam who helped turn “opportunity into prosperity”; and the American Chamber of Commerce in Vietnam, which is also celebrating its 25th anniversary.

She also made a special point to thank “Our friends and partners within the Vietnamese Government [who] made President Clinton’s decision in 1994 more palatable to the American public with their unwavering dedication to helping us with our most somber and sacred task – recovering the remains of our service members who never returned from the war.”

With the United States now Vietnam’s largest export market and with Vietnam one of America’s fastest growing markets, Chargé McClelland expressed optimism that our two countries will enjoy 25 more years of economic cooperation and growth.

PSNews

Other News

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

Hanoi ready to implement Capital Law 2026, unlocking new development momentum

The effectiveness of the Capital Law 2026 will be measured not by the number of legal documents issued but by tangible improvements in governance and public administration, better services for people and businesses, faster administrative procedures, stronger investment attraction and higher economic growth.

Vietnamese students earn honours at ROBOG Asia Cup 2026

Vietnamese students earn honours at ROBOG Asia Cup 2026

Three teams from Chu Van An Secondary School in Vietnam’s Thai Nguyen province have earned First Prize honours and advanced to the quarterfinals at the ROBOG Asia Cup 2026, a regional robotics and artificial intelligence (AI) competition for students held in Hong Kong, China.

Hanoi sets out new investment blueprint with century-long development vision

Hanoi sets out new investment blueprint with century-long development vision

As of early June, Hanoi had attracted 74.6 billion USD in foreign direct investment (FDI) through more than 9,250 valid projects. FDI inflows in the first six months were projected at 3.2 billion USD, surpassing the annual target by 116%, while nearly 16,000 new businesses were established in the first five months, up 34.4% year-on-year.

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam promotes legal cooperation and rule of law at global forum

Vietnam’s development and international integration have gone hand in hand with the improvement of its legal system, the incorporation of international commitments into domestic legislation, and legal reforms aimed at fostering development, openness and global integration. The country regards international law as an essential instrument for building fair, mutually beneficial relations among nations.

Hanoi to hold investment promotion event on June 29

Hanoi to hold investment promotion event on June 29

At the event, Hanoi authorities plan to grant investment policy decisions and investment registration certificates to 20 exemplary projects in the fields of transportation infrastructure, industrial parks, urban development, social housing, environment, science and technology, and foreign investment attraction.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Hanoi's Red River urban area development draws widespread attention

Hanoi's Red River urban area development draws widespread attention

Located south of the Red River and extending from the historic inner city to newly developing areas in the south and the west, the central urban area along Red River’s right bank covers approximately 45,317 hectares and is projected to accommodate around 6.365 million residents by 2045 and 6.455 million by 2065.

Regional cooperation strengthened to combat cross-border drug crime

Regional cooperation strengthened to combat cross-border drug crime

Vietnam, China, Laos and Myanmar face common challenges as drug syndicates increasingly exploit the Mekong River, cross-border transport networks, e-commerce platforms, international logistics services, cyberspace and cryptocurrencies to organise drug transactions and smuggling operations.