Vietnam plans to boost imports of machinery, high-tech products, and energy from the US as the sixth round of trade talks takes place, signing new deals while aiming for a stable and balanced bilateral trade framework.
Vietnam has signalled plans to increase imports from the US, focusing on machinery, high-technology products, and energy resources, as the two countries conduct the sixth round of negotiations on the Vietnam–US Fair and Balanced Reciprocal Trade Agreement.
Acting Trade Minister Le Manh Hung met with US energy, industrial, and aviation companies, including Apple, ExxonMobil, and Excelerate Energy, to discuss long-term cooperation. He said, “The US is one of Vietnam’s leading economic and trade partners. We aim to build a stable, balanced, and predictable framework for cooperation that benefits both countries.”
During the visit, Vietnam signed memorandums of understanding with Chevron, Marquis Energy, and ADM Asia-Pacific Trading to purchase crude oil, ethanol, and corn. Despite a 20% tariff on most goods, Vietnam’s exports to the US reached a record USD153 billion last year, underlining the resilience of bilateral trade.
