... urban area but also in rural area, are getting much better than those in the last few decades. 1.2. Trade Before being lifted from embargo (1994), Vietnam had very limited trading relation with other countries, especially countries out of Asian region. During that period, the main trading partners were Singapore, Japan, Hong Kong and Taiwan, whose total import from Vietnam accounted for one-half of total Vietnam's exports. However, up to now, Vietnam has economic relation with more than 70 countries and territories and this is mainly resulted from open-door and renovation policy of Vietnamese Government. As a consequence, Vietnam's foreign trade grew from a mere US $0.7 billion in 1988 to US $11 billion in 1995 and to US $36.4 billion in 2002. Therefore, the tremendous development of trade has opened up vast opportunities for trading with Vietnam. The major import and export products are presented in the table below. In ...

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