‘vietnam to sign deals worth up to 17bn for us goods services’
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

‘Vietnam to sign deals worth up to $17bn for US goods, services’

Arab Today, arab today

Arab Today, arab today ‘Vietnam to sign deals worth up to $17bn for US goods, services’

imports of Vietnamese semiconductors and other electronics products
Washington - Arab Today

Vietnamese Prime Minister Nguyen Xuan Phuc said on Tuesday he would sign deals for US goods and services worth $15 billion to $17 billion during his visit to Washington, D.C., mainly for high technology products and for services.
“Vietnam will increase the import of high technologies and services from the US, and on the occasion of this visit, many important deals will be made,” Phuc said at a US Chamber of Commerce dinner.
Phuc, who is due to meet US President Donald Trump on Wednesday at the end of a three-day visit to the US, did not provide any further details of the transactions.
Speaking at the same event, GE Power Chief Executive Officer (CEO) Steve Bolze said that General Electric Co. will sign new business worth about $6 billion with Vietnam, but he offered no details.
Phuc’s comments came after US Trade Representative Robert Lighthizer expressed concern about the rapid growth of the US trade deficit with Vietnam, saying this was a new challenge for the two countries and he was looking to Phuc to help address it.
“Over the last decade, our bilateral trade deficit has risen from about $7 billion to nearly $32 billion,” Lighthizer said. “This concerning growth in our trade deficit presents new challenges and shows us that there is considerable potential to improve further our important trade relationship.”
Lighthizer and other Trump administration trade officials have pledged to work to reduce US bilateral trade deficits with major trading partners. The $32 billion deficit with Vietnam last year — the sixth-largest US trade deficit — reflects growing imports of Vietnamese semiconductors and other electronics products in addition to more traditional sectors such as footwear, apparel and furniture.
The trade issue has become a potential irritant in a relationship where Washington and Hanoi have stepped up security cooperation in recent years given shared concerns about China’s increasingly assertive behavior in East Asia.
Phuc’s meeting with Trump makes him the first Southeast Asian leader to visit the White House under the new administration.
It reflected calls, letters, diplomatic contacts and lower-level visits that started long before Trump took office in Washington, where Vietnam retains a lobbyist at $30,000 a month.
Vietnam was disappointed when Trump ditched the 12-nation Trans-Pacific Partnership (TPP) trade pact, in which Hanoi was expected to be one of the main beneficiaries, and focused US trade policy on reducing deficits.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

‘vietnam to sign deals worth up to 17bn for us goods services’ ‘vietnam to sign deals worth up to 17bn for us goods services’

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

‘vietnam to sign deals worth up to 17bn for us goods services’ ‘vietnam to sign deals worth up to 17bn for us goods services’

 



GMT 08:12 2017 Tuesday ,28 November

Government launches a campaign to eliminate corruption

GMT 18:43 2018 Thursday ,20 September

Russian PM does not rule out expansion of trade wars

GMT 09:28 2017 Saturday ,30 December

Ski jumping: 40,000 to see Four Hills take leap of faith

GMT 19:31 2017 Sunday ,16 April

Iran to export gas to Iraq

GMT 03:14 2017 Monday ,17 April

Kazakhstan Ambassador hails ties with Oman

GMT 20:57 2017 Wednesday ,20 September

Dubai Customs launches Partners’ Happiness Lab

GMT 18:32 2017 Monday ,30 October

CBE governor directs banks to expand funding

GMT 14:58 2017 Sunday ,19 February

Dhoni removed as Pune captain, Smith to take over

GMT 14:35 2017 Thursday ,19 January

Naidu comes to the defence of 'Dangal' actress Zaira

GMT 18:06 2016 Tuesday ,06 December

HHA launches Geely X7 Sport 4WD in Saudi market

GMT 05:42 2017 Saturday ,01 April

Toshiba soars on reports of memory chip unit bid

GMT 16:00 2018 Tuesday ,30 October

Five killed in Daesh attack in central Libya

GMT 01:37 2018 Tuesday ,16 January

Education Minister congratulates Bahrain Bayan School

GMT 13:01 2015 Sunday ,23 August

New Suez Canal Project achievement for all Arabs
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday