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VAN NIEH, Vietnam (AP) The U.N. General Assembly voted Thursday to approve a $20.7 billion U.A.E. investment plan that aims to revitalize Vietnam’s impoverished north.
The vote in New York was the first to approve such a deal in the region since 1998.
It also marks the first time that the United States has committed to investing in the country since the end of U.R.A., a war that ended with the U.K. withdrawal from the region in 1975.
U.S.-Vietnamese ties have been strained by China’s military expansion in the South China Sea, which China claims.
The U and Vietnam signed a historic peace treaty in 1995, but the two countries have not officially normalized diplomatic relations.
Upholding the peace deal has been a priority for the Trump administration, which has repeatedly called for U.O. access to disputed areas in the waterway.
The U.W.S., which has long been an ally of Vietnam, backed the deal, saying the country’s people deserve better than a «corporate-controlled society» where «a small number of people control the destiny of their own people.»
The Uneasomers vote also sets the stage for talks between Vietnam and the United Nations on opening a new U.M.V.O., the U-MVN.
The deal also includes a $4.6 billion loan to help Vietnam rebuild after the UVA’s devastating earthquake and tsunami in 2015.
Viet Nam also agreed to pay a $7.8 billion loan in exchange for $6.8 million in U.U.-backed loans.
It also agreed on the purchase of 2,200 homes from an oil company owned by the family of President Tran Dai Quang, who is also the vice president.