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The Government of the United States of America and the Government of Vietnam:

Recognizing that individual liberty, free institutions, and independence depend largely upon sound economic conditions and stable international economic relationships;

Considering that the Congress of the United States of America has enacted legislation enabling the United States to furnish assistance to the Government of Vietnam in order that the Government of Vietnam, through its own individual efforts and through concerted effort with the other Associated States and other parts of the French Union, with other countries or with the United Nations, may achieve such objectives;

Desiring to set forth the understandings which govern the furnishing of assistance by the Government of the United States of America, the receipt of such assistance by the Government of Vietnam and the measures which the two Governments will take individually and together in furtherance of the above objectives: with due regard to accords and agreements previously entered into by the High Contracting Parties;

Have agreed as follows:

The Government of the United States of America will, subject to the terms and conditions prescribed by law and to arrangements provided for in this Agreement, furnish the Government of Vietnam such economic and technical assistance ,as may be requested by it and agreed to by the Government of the United States of America. The Government of Vietnam will cooperate with the Government of the United States of America to assure that procurement will be at reasonable prices and on reasonable terms. Commodities or

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