Vietnam Plans to Boost Imports from the US to Strengthen Trade Relations
Vietnam has expressed its intention to enhance imports from the United States, focusing on machinery, equipment, and high-tech products. This announcement was made by Acting Minister of Industry and Trade Le Manh Hung during a roundtable with the US-ASEAN Business Council on February 2, coinciding with the sixth round of negotiations for a reciprocal trade agreement. Vietnam aims for a balanced trade relationship, highlighting recent aircraft purchases from Boeing and emphasizing energy cooperation, particularly in liquefied natural gas and renewable sources.
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Vietnam is ready to increase imports from the United States, as stated by Acting Minister of Industry and Trade Le Manh Hung on February 2 during discussions with the US-ASEAN Business Council. The focus is on machinery, equipment, and high-tech products.
Recent large aircraft contracts, including VietJet's order for 200 Boeing planes and Vietnam Airlines' purchase of 50, exemplify efforts to create a balanced trade relationship. Energy security is another priority, with liquefied natural gas identified as a transitional energy source. Vietnam is committed to long-term cooperation with US firms in industrial sectors and aims to enhance its digital economy and technology infrastructure.
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