 | | US Vice Ambassador to Vietnam Jonathan M. Aloisi | VietNamNet Bridge – The US on July 17 announced a report on the impacts of the US-Vietnam Bilateral Trade Agreement (BTA) on Vietnam in the fields of trade, foreign investment and economic structure since the agreement was implemented in December 2001. The announcement ceremony was organised by the Central Institute for Economic Management (CIEM) under the Ministry of Planning and Investment. At the ceremony, representatives of the Foreign Investment Agency and the trade promotion assistance project (STAR Vietnam) presented the report, which describes the unprecedented economic progresses of Vietnam in the past five years. The report describes the influences of the bilateral relations between Vietnam and the US on the economic progress of Vietnam. Speaking at the ceremony, US Vice Ambassador to Vietnam Jonathan M. Aloisi said: “The US is proud of playing a role in Vietnam’s amazing economic growth in the past five years.” According to Mr Aloisi, the BTA has three specific impacts. Firstly, it has strongly promoted trade activities, turning the US into the largest export market of Vietnam. Secondly, the BTA has encouraged reforms of the legal system, helping Vietnam to successfully access the World Trade Organisation (WTO). Thirdly, the BTA has created favourable conditions for the signing of the Trade and Investment Framework Agreement (TIFA) between the US and Vietnam. Direct investment from the US to Vietnam has rapidly increased since the BTA was signed, including a US$1 billion project of Intel in HCM City. Viet Nam Net,Phuong Loan | 
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