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VIETNAM

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<i> Times Staff and Wire Reports</i>

Sharp Rise in Foreign Investment Reported: The government said it approved $1.9 billion worth of ventures and projects during the first quarter of 1995, almost triple the value of those licensed in the same three months last year. The 270% increase, reported by the State Committee for Cooperation and Investment, can be partly attributed to the emergence of U.S. investment, which began after the United States ended its 19-year economic embargo against Vietnam in February, 1994.

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