Multiple agencies dealing with lifted Vietnam arms embargo underscores complex compliance

By: Anna Sayre, reporter SanctionsAlert.com 
Date: June 2, 2016

Trade between the US and Vietnam has grown exponentially within the last two decades. US exports to Vietnam increased by 23 percent in 2015 alone, and Vietnam is now the biggest Southeast Asian exporter of goods to the US. Effective May 23, 2016, the US government lifted its historical 50-year arms embargo against Vietnam, further opening the door to increased trade between the two countries. With relations continuing to improve, the importance of becoming more familiar with the nuances of relevant US sanctions regulations and how they relate to trade dealings with Vietnam has been underscored. (more…)

Multiple agencies dealing with lifted Vietnam arms embargo underscores complex compliance

By: Anna Sayre, reporter SanctionsAlert.com 
Date: June 2, 2016

Trade between the US and Vietnam has grown exponentially within the last two decades. US exports to Vietnam increased by 23 percent in 2015 alone, and Vietnam is now the biggest Southeast Asian exporter of goods to the US. Effective May 23, 2016, the US government lifted its historical 50-year arms embargo against Vietnam, further opening the door to increased trade between the two countries. With relations continuing to improve, the importance of becoming more familiar with the nuances of relevant US sanctions regulations and how they relate to trade dealings with Vietnam has been underscored. (more…)

US lifting of decades long Vietnam embargo marks historical shift in global sanction policy

By: Anna Sayre, reporter SanctionsAlert.com 
Date: June 1, 2016

On May 23, 2016, the US officially lifted its 50-year historical embargo on Vietnam, triggering a major policy shift in global trade. The long-standing US sanction, imposed on Vietnam in 1975 after the Vietnam War, has now been fully removed. This follows a partial lifting of the embargo on non-lethal defense equipment and lethal weapons in November 2014. Now all kinds of trade with Vietnam is allowed, including sale and export of lethal military and naval defense equipment, subject to consideration on a case-by-case basis. According to President Barack Obama, it was an opportunity to end a “lingering vestige of the Cold War” and “to complete what has been a lengthy process of moving towards normalization with Vietnam”. (more…)