What's Keeping U.S. Companies Out Of Vietnam? The U.S.

With $7 billion worth of infrastructure projects on the drawing boards, Vietnam is a magnet for Caterpillar Inc.'s bulldozers and excavators. After President Clinton lifted an 18-year trade embargo in early 1994, the heavy-equipment maker moved aggressively, opening a dealership in Hanoi and bidding on a $10 million mining contract.

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