{
  "id": "98-551",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "98-551",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 103755,
      "date": "1999-10-29",
      "retrieved": "2016-05-24T20:41:27.064941",
      "title": "Vietnam: Economic Reforms and Commercial Relations with the United States",
      "summary": "Vietnam has made considerable progress in implementing economic reforms since 1986. The\nreforms\nhave nudged Vietnam to a more market-oriented economy and have facilitated higher rates of\neconomic growth, particularly during 1988-1996. Momentum for deepening the reforms, however, \nhas stalled in recent years, and since 1997, there has been a significant decline in foreign investment,\nas well as a deterioration in the underlying performance of the economy. To address these problems,\nmultilateral institutions and U.S. officials have urged Vietnam's leaders to initiate a second wave of\neconomic reforms that will make its economy more market-oriented and efficient. Vietnam's leaders\nhave moved cautiously in adopting additional economic reforms. Following President Clinton's\nrecommendation of June 3, 1999, to renew Vietnam's Jackson-Vanik waiver for a year, joint \nresolutions ( S.J.Res. 28  and  H.J.Res. 58 ) were introduced to disapprove\nthe renewal. On July 20, 1999, the Senate rejected a motion to discharge  S.J.Res. 28 \nfrom committee by a vote 5-94, and the House on August 3 voted down  H.J.Res 58  by\na vote of 130-297. Although the United States and Vietnam on July 25, 1999 reached an \"agreement\nin principle\" on the terms of a bilateral trade agreement, Vietnam has postponed signing the\nagreement. The trade agreement is a necessary pre-requisite for the restoration of full normal\ncommercial ties between the two countries. This report will be updated periodically.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
      "formats": [
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          "format": "PDF",
          "encoding": null,
          "url": "http://www.crs.gov/Reports/pdf/98-551",
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          "filename": "files/19991029_98-551_7a6c070c21e51a6ec9ec5de50f697a38a42ea608.pdf",
          "images": null
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      ],
      "topics": []
    }
  ],
  "topics": [
    "Economic Policy",
    "Foreign Affairs"
  ]
}