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Vietnam has successively completed in July, 1995 with US establishes diplomatic relations, signed the trade agreement with European Union (including economy, trade, investment science, technology, environmental protection, information), joined and became the seventh member of Association of South-East Asian Nations (ASEAN). Since joined ASEAN Free Trade Area (AFTA) officially from 1996, gave cooperate the various countries' trade most-favored nation treatment, will start to implement the common preferential tariff agreement gradually, and to stipulate the goal to reduce 5% and more for the customs duties. Vietnam joined the Asia Pacific Economic Cooperation (APEC) in November, 1998, and obtained the observer of General Agreement on Tariffs and Trade (GATT) qualifications, is right now positively to join the World Trade Organization (WTO). East Vietnam conducted the conference of ASEAN in 1997, the international standing enhanced largely, has been separated from the isolation difficult position, enlivened positively in the international scene.
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