President Bill Clinton announces the lifting of the US trade embargo on Vietnam.
Hạ Long Bay is inscribed as a UNESCO World Heritage Site for its natural value.
The North American Free Trade Agreement between the United States, Canada and Mexico takes effect, creating one of the world's largest trade blocs.
The Complex of Huế Monuments becomes Vietnam's first UNESCO World Heritage Site.
Israel and the Palestine Liberation Organization recognise each other and sign the Declaration of Principles in Washington, creating the Palestinian Authority.
President Bill Clinton announces the normalisation of diplomatic relations with Vietnam.
Vietnam becomes the seventh member of the Association of Southeast Asian Nations.