President Clinton is planning to only partially lift the U.S. trade embargo against Vietnam, Administration sources say. Clinton's July 2 decision to end U.S. opposition to a French-Japanese effort to clear Hanoi's $140 million in arrears with the International Monetary Fund triggered talk that the U.S. would lift the ban by Sept. 14. That's the deadline for Clinton to renew sanctions. Mindful of opposition from veterans' groups and families of missing servicemen, Clinton is now expected to ease the embargo only enough to permit U.S. companies to join in projects funded by the World Bank and similar institutions. U.S. consumer-product makers, telecommunications companies, and others will remain shut out of Vietnam.

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