Vietnam, US to speed up trade talks: Hanoi
Posted on: Jun 05, 2025 12:22 IST | Posted by: Hindustantimes
viet nam and the United States feature in agreement(p) to velocity up merchandise talks, Hanoi said Thursday, as it announced $600 million in deals to buy US agricultural products.
Vietnam has the third-biggest trade surplus with the United States, after China and Mexico, and is anxious to address the imbalance to head off President Donald Trump's threatened 46 percent levy as part of his global tariff blitz.
Vietnamese and US officials agreed at a meeting in Paris on Wednesday to "focus maximum efforts to achieve the best results in the third technical negotiation round" scheduled for the first half of June, the communist country's trade ministry said in a statement.
Trade minister Nguyen Hong Dien affirmed Vietnam's "determination and goodwill" to reach an agreement with the United States, while his American counterpart Jamieson Greer said a deal would be important for Washington as well as Hanoi, according to the statement.
Meanwhile, a delegation from Vietnam's agriculture ministry visiting the United States signed memorandums of understanding to buy raw materials for animal feed from Ohio worth $600 million, the ministry said in a separate statement on its website Thursday.
That comes after Vietnam announced five MOUs to buy products worth around $800 million from Iowa over three years, including soybean meal, corn, wheat, dried soybeans and dried distillers grains.
The Southeast Asian country was expected to sign deals with the United States to buy more than $2 billion worth of agricultural products in total, the statement added.
Vietnam has been seeking help to solve the tariff stand-off from several US tech and industry giants, including Lockheed Martin, SpaceX and Google.
It also signed an agreement with US company Westinghouse Electric on nuclear power development.
Trump's real estate group broke ground last month in Vietnam on a $1.5-billion luxury resort and golf course 40 kilometres southeast of the capital Hanoi.
His son Eric Trump, an executive vice president of the Trump Organization, and his wife Lara attended the event, as well as local partner the Kinhbac City Development Corporation.
Eric Trump has also been scouting locations for a potential tower project in Ho Chi Minh City, Vietnam's southern business hub.
tmh/aph/pdw/cms
This article was generated from an automated news agency feed without modifications to text.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.