This report discusses the economic relationship between Vietnam and the U.S. that resumed in the 1990s. Of particular interest to Congress is that both nations may soon be members of the Trans-Pacific Strategic Economic Partnership Agreement (TTP).

This report examines the bilateral trade issues between United States and Vietnam, discussing their main elements and exploring their potential implications for the 113th Congress.

This report will examine each of these trade issues, discussing their main elements and exploring their implications for the 111th Congress. This will be followed by an analysis of key trends in bilateral trade to discern any potential sources of trade friction in the future.

Since the resumption of trade relations in the 1990s, Vietnam has rapidly risen to become a significant trading partner for the United States. Along with the growth of bilateral trade, a number of issues of common concerns, and sometimes disagreement, have emerged between the two nations. Congress may play a direct role in the U.S. policy on some of these issues.