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Vietnam did not begin to emerge from international isolation until it withdrew its troops from Cambodia in 1989. Within months of the 1991 Paris Agreements, Vietnam established diplomatic and economic relations with ASEAN as well as most of the countries of western Europe and Northeast Asia. China reestablished full diplomatic ties with Vietnam in 1991, and the two countries concluded a land border demarcation agreement in 1999.
In the past decade, Vietnam has recognized the increasing importance of growing global economic interdependence and has made concerted efforts to adjust its foreign relations to reflect the evolving international economic and political situation in Southeast Asia.
The country has begun to integrate itself into the regional and global economy by joining international organizations. Vietnam has stepped up its efforts to attract foreign capital from the West and regularize relations with the world financial system.
In the 1990s, following the lifting of the American veto on multilateral loans to the country, Vietnam became a member of the World Bank, the International Monetary Fund, and the Asian Development Bank.
The country has expanded trade with its East Asian neighbors as well as with countries in western Europe and North America.
Of particular significance was Vietnam's acceptance into the Association of South-East Nations (ASEAN) in July 1995. Vietnam joined the Asia-Pacific Economic Cooperation forum (APEC) in November 1998 and also hosted the ASEAN summit the following month. In 2005 Vietnam attended the inaugural East Asia Summit. In November 2006, Vietnam became a member of the World Trade Organization (WTO).
(Information from Wikipedia - http://en.wikipedia.org/wiki/Foreign_relations_of_Vietnam)