Vietnam will receive additional U.S. support to help fully integrate into the global economy.
The U.S. Government, through the U.S. Agency for International Development (USAID), announced yesterday a new project with the Government of Vietnam to continue supporting national efforts to boost trade increase integration into the global economy.
The three-year project, extending through September 2013, will assist Vietnam as it implements new legal documents to fulfill the country's international commitments in the World Trade Organization (WTO) and other trade and investment related agreements.
“Technical assistance under this project will provide experts, training and, in general, help build Vietnam’s capacity to implement and enforce existing legislation to meet the commitments of, as well as, seize opportunities presented by current and developing trade and other international agreements,” said USAID Mission Director Francis Donovan.
USAID's implementing partner, DAI/Nathan Group, will work with the main government counterpart, the Ministry of Justice, and other Vietnamese authorities to train staff, help develop institutions, and build the capacity of state agencies and support Vietnam’s further global economic integration, including preparation of legal conditions required to participate in multilateral international treaties.
The $11.7 million project builds on USAID’s previous Support for Trade Acceleration (USAID/STAR) projects. Since 2001, USAID has provided technical support to Vietnamese authorities drafting 150 laws, of which 115 have been adopted. These include trade-facilitating laws on the labor code, credit institutions, securities, standards, and arbitration. Recent activities include consultations with Vietnamese officials on regulations affecting imports/exports, investment, and intellectual property rights.
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