Vietnam willing to boost US purchases, trade minister says, as new round of tariff talks begins


A container is loaded onto a cargo ship while docked at Hai Phong port in Hai Phong, Vietnam, April 16, 2025. REUTERS/Athit Perawongmetha

HANOI, Feb 4 (Reuters) - ‌Vietnam is willing to increase purchases of ‌U.S. goods, especially machinery and high‑tech products, ‌its trade minister said on Wednesday, as the Southeast Asian nation began a sixth round of tariff negotiations ‍in Washington this week.

Trade Minister Le ‍Manh Hung met ‌with several U.S. companies in the energy and ‍technology sectors, ​including executives from Apple, Exxon Mobil, GE, AES and Excelerate Energy, according ⁠to a statement from the ministry.

The White ‌House in October said the United States and Vietnam ⁠would finalise ‍a trade agreement that will keep tariffs on most Vietnamese goods at 20% but remove duties ‍on certain products.

Vietnam's shipments to ‌the United States, its largest export market, reached a record high of $153 billion last year, despite the tariffs.

During the trip, trade minister Hung witnessed the signing of several memorandums of understanding with U.S. companies to buy American crude oil, ‌ethanol and corn, Vietnam state media reported on Wednesday.

The MOUs were signed with Chevron, Marquis Energy and ADM ​Asia-Pacific Trading in Washington, the Vietnam News Agency reported.

(Reporting by Khanh Vu, Phuong Nguyen; Editing by David Stanway)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

More than 900 suspected Ebola cases identified in DRC, WHO chief says
Pessimism over U.S. deepens among Canadians: poll
"Star Wars: The Mandalorian and Grogu" tops North American box office in opening weekend
Forensic experts sift through ruined dormitory in Russian-held Luhansk region
5 to 7 patients dying daily in Gaza due to delays in accessing treatment abroad: official
Feature: All-out treatment ongoing after north China coal mine accident
Benin's Wadagni takes office, vows better living standards, security
At least 8 killed in bus-truck crash in Brazil
Roundup: China's innovation capacity, cooperation potential become discussion highlights at Trento Festival of Economics
China issues top-level red alert for flash floods in Anhui, Hubei

Others Also Read