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Huong Le Thu:
By Huong Le Thu - 01 Dec 2016
A cancelation of or suspension of talks on the TPP means Vietnam will lose an important opportunity for international economic integration. And it is likely to result in a slow-down in Vietnamese reforms.
It was in Hanoi that the US President Barack Obama announced a full annulment of the US arms embargo on Vietnam — a decision hailed as a symbolic milestone in the closure to the painful wartime past.
Economic policies beg for a major update from the implementation of the Doi Moi reforms in 1986. To ensure full integration into the global economy, including fulfilling expectations of the TPP, Vietnam need to do some serious adjustments.