VN, US trade set to explode under TPP pact
HCM CITY (VNS)— Twenty years after the US and Viet Nam established diplomatic relations, bilateral trade turnover has risen 80-fold, and is expected to boom after the Trans Pacific Partnership agreement, currently under negotiations, takes effect.
In 1995, bilateral trade volume was reported at US$500 million, and this year, it is estimated that it would be $40 billion. Within ten years, it could reach $50 or $60 billion.
