115 STAT. 2778 PROCLAMATION 7449—JUNE 8, 2001 In accordance with the provisions in Article 2 of Chapter IV, the Government of the Socialist Republic ofVietnam reserves the right to adopt or maintain exceptions to national treatment in the following sectors and matters: 1. Vietnam may adopt or maintain exceptions to the obligation to accord national treatment to covered investments in the sectors or with respect to the matters specified below: Broadcasting, television, production, publication and distribution of cultural products, investment in insurance; banking; brokerage, dealership in securities and currency values, and other related services, mineral exploration and exploitation; construction, installation, operation and maintenance oftelecommunication facility, construction and operation of inland water, sea and air ports; cargo and passenger transportation by railway, airway, road, sea and inland water-way transportation, fishing and 6sh catching, real estate business. 2. Sectors in which Vietnam may require that an investment projectbe in conjunction with the development of local raw material sources Processing of paper, vegetable oil, milk, cane sugar, wood processing (except for projects using imported wood). Such requirements for the development of local raw material sources in the above sectors may be maintained for up to S years from the entry into force of this Agreement 3. Sectors in which Vietnam may require that an investment project export at least 80%of pro du cts Cement production, paints and construction paints, toiletry tiles and ceramics, PVC and other plastics, footwear, clothing, construction steel, detergent powder, tires and inner tubes for automobile and motor bikes, NPK fertilizer, alcoholic products, tobacco; papers (including printing, and writing paper, photocopy) Such requirements for exporting al least 80%of products in the above sectors may be maintained for up to 7 yearsfromthe entry into force of this Agreement 4 Except as otherwise provided in this Paragraph (including sub-paragraphs 4.1 -4.6), the following exceptions to national treatment shall be applied to a covered investment of a national or company of the United States in all sectors, including but not limited lo those sectors listed in paragraphs I, 2 and 3 of this Annex "^ -Hl- i^:>
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