ExecutiveOrdersEO
DetDeterminationObama · D

Presidential Determination

Presidential Determination on a U.S. Export Import Bank Transaction with Vietnam

President Obama determined it is in the U.S. national interest for the Export-Import Bank to extend approximately $126 million in financing to Vietnam's state-owned telecommunications company for purchasing an American-made satellite. The determination was issued to the Secretary of State with instructions to publish it in the Federal Register.

Federal Register Open PDF 77 FR 39615

Impact dates

  1. Federal Register filing

Key directives

  • Determine that Ex-Im Bank loan to Vietnam Post and Telecommunications Group is in national interest
  • Authorize and direct Secretary of State to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Determination takes effect upon signing
  • Secretary of State directed to publish in Federal Register

Near term (90d)

  • Federal Register publication (filed July 2, 2012)

Long term

  • Loan disbursement and satellite purchase transaction
  • U.S.-Vietnam trade relationship development

Risks & tensions

  • Financing state-owned enterprise in communist Vietnam may raise geopolitical concerns despite normalized relations
  • Satellite technology has dual-use (civilian/military) implications requiring potential export control scrutiny
Presidential Determination: Presidential Determination on a U.S. Export Import Bank Transaction with Vietnam · Executive Orders