1) The Government of the
United States of America will contribute to postwar
reconstruction in North Vietnam without any political
2) Preliminary United States
studies indicate that the appropriate programs for the United
States contribution to postwar reconstruction will fall in the
range of $3.25 billion of grant aid over five years. Other forms
of aid will be agreed upon between the two parties. This
estimate is subject to revision and to detailed discussion
between the Government of the United States and the Government
of the Democratic Republic of Vietnam.
3) The United States will
propose to the Democratic Republic of Vietnam the establishment
of a United States-North Vietnamese Joint Economic Commission
within 30 days from the date of this message.
4) The function of this
Commission will be to develop programs for the United States
contribution to reconstruction of North Vietnam. This United
States contribution will be based upon such factors as:
(a) The needs of North
Vietnam arising from the dislocation of war;
(b) The requirements for
postwar reconstruction in the agricultural and industrial
sectors of North Vietnam's economy.
5) The Joint Economic
Commission will have an equal number of representatives from
each side. It will agree upon a mechanism to administer the
program which will constitute the United States contribution to
the reconstruction of North Vietnam. The Commission will attempt
to complete this agreement within 60 days after its
6) The two members of the
Commission will function on the principle of respect for each
other's sovereignty, non-interference in each other's internal
affairs, equality and mutual benefit. The officers of the
Commission will be located at a place to be agreed upon by the
United States and the Democratic Republic of Vietnam.
7) The United States considers
that the implementation of the foregoing principles will promote
economic, trade and other relations between the United States of
America and the Democratic Republic of Vietnam and will
contribute to insuring a stable and lasting peace in Indochina.
These principles accord with the spirit of Chapter VIII of The
Agreement on Ending the War and Restoring Peace in Vietnam which
was signed in Paris on January 27, 1973.