Seminar “Vietnam - US bilateral economic trade from BTA to TPP: A successful story”

On 29th November 2011, Faculty of International Economics and Business has organized the seminar “ Vietnam – US bilateral economic trade from BTA to TPP: A successful story” with the attendance of many students of the Faculty.

The guest speaker of the seminar was Ms. Robin Dunnigan - First Secretary, Economic Affair, US Embassy to Vietnam. With a helpful presentation and up-to-date information, Ms. Robin Dunnigan has showed the students “a successful story” of economic cooperation between the U.S and Vietnam: Bilateral Trade form BTA to TPP.

Dr. Vu Anh Dung - FIBE Dean presents a souvenir to Ms. Robin Dunnigan.

The speaker has provided students with an overview of the US - Vietnam trade relationship from 2001 to 2010. Since the conclusion of Bilateral Trade Agreement in 2001, there has been a booming in trade between the two countries. Bilateral trade volume has increased from $0,4 billion in 1995 to $18,5 billion in 2010. This has contributed to tremendous economic growth in Vietnam: GDP per capita rose from $289 in 1995 to $1,168 in 2010. It can be showed that Vietnam is considered a strategic partner of the U.S in the region.

Ms. Robin Dunnigan then presented about the Trans-Pacific Partnerships Agreement (TPP), which is under the negotiation among Asia-Pacific countries (including Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Brunei and the United States), the region appears as the most dynamic economic zone in the world with 40% of the word population and accounting for 56% of the world GDP. The economic cooperation in the region plays an important role in the US strategy in the future. The speaker has stressed that TPP is a high standard in 21st century agreement and will contribute to the economic development of its members.

Ms. Robin Dunnigan - guest speaker of the seminar and FIBE students.

The Q&A section was the most exciting part for the students, which evidenced by a great number of questions. The seminar is an interesting and valuable class in international trade, which provided students with not only useful information but also inspiration in studying and doing research. Through the discussion in the Q&A section, the guest speaker has highly appreciated FIBE students’ English competence. This is a great motivation for the students to try harder for better education in the future.

Nho Thi Thanh Huong

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