First, the optimism and excitement generated by Vietnam`s economic prospects is being felt. This is an important and rapidly growing market for members of the U.S. House. The country has experienced robust GDP growth in recent years, fuelled by a combination of foreign trade, significant investment flows and domestic economic reforms. Vietnam is well aware of the government`s focus on trade deficits and will want to reduce its commitment to trade deficits. Last year, the U.S. trade deficit with Vietnam was $36 billion, the sixth largest total. Some may recall that President Trump and his advisers, when he took office, drew up a list of 16 countries with which the United States has the largest trade deficits. With the China negotiations, the renegotiation of NAFTA and KORUS, and the ongoing efforts to start talks with Japan and the EU, it could be said that all these gaps will be filled. Vietnam is now at the top of the list. 4.
In all cases, the processing of cross-border transactions and transfers is in line with each party`s obligations to the International Monetary Fund. 5. Each contracting party is authorized to provide in-kind services as authorized or specified in an investment authorization, investment contract or other written agreement between the party and a covered investment or a national company or a company of the other party. 6. Notwithstanding paragraphs 1 to 5, a party may prevent a transfer on fair, non-discriminatory and good faith applications (including provisional appeals, such as court orders and interim measures) of its law relating to: The IIA mapping project is a community-based initiative between UNCTAD and universities around the world to represent the content of AI. Individual contracts are mapped by law students from participating universities under the supervision of their professors and under the general direction and coordination of UNCTAD. The mapping results contained in the IIA Mapping Project database have a purely informative purpose. Compliance with the provisions of the treaty is not exhaustive, has no official or legal status, does not affect the rights and obligations of the parties, and is not intended to permit a mandatory or formal interpretation of the law.