HO CHI MINH CITY – Local and foreign businesses here are closely watching how the newly anointed Communist Party of Vietnam leadership handles recently agreed trade deals with the United States and the European Union. In December 2015, Vietnam became the second member of the Association of Southeast Asian Nations after Singapore to sign a free trade agreement with the EU. The announcement came a month after Vietnam was named as one of 12 countries accepted in the U.S.-led Trans-Pacific Partnership Agreement, which member countries will formally sign in New Zealand on Feb. 4. Prime Minister Nguyen Tan Dung, seen as a non-ideological pro-business type of communist, made a strong challenge for the party leadership during the Jan. 20-28 CPV congress in Hanoi, losing out to incumbent leader Nguyen Phu Trong. But Dung’s tenure saw Vietnam make a start on a needed transition, from an economy centered on low-cost manufacturing to high-tech and services industries, particularly in and around the country’s biggest city and commercial hub, Ho Chi Minh City. Tran Nhan, a client solutions manager at Glandore Systems Vietnam Co., a technology company that provides online human resources services in Ho Chi Minh City’s outskirts, said there were lots of jobs in Vietnam for skilled graduates in information technology. “Young Vietnamese generally feel optimistic about our country and about our chances of finding a good job,” she said.
BANGKOK — Last week, just over fifteen years after the US and Vietnam normalised relations marred by decades-old war, the naval destroyer USS John S. McCain docked in the central Vietnamese city of Da Nang to mark the anniversary. The ship is named after the grandfather of 2008 US presidential candidate John McCain, a former prisoner of war in Vietnam. Commanding officer Jeffrey Kim said that “over the last 15 years, we’ve established trust, a mutual respect, and I know that, in the coming years, our friendship and relationship will continue to become better.”According to a Vietnamese scholar who requested anonymity, the tighter relations are seen as a good thing inside the country. “Vietnamese view the US rather positive as the war is becoming history in the memory of a new generation,” he commented in an email.