US Edition$3 Billion to Buy U.S. Agricultural Commodities: Vietnam Seeks a Good Deal of Reciprocal Trade Agreement with the U.S.
- Vietnam signed 20 MOUs worth $3 billion to purchase U.S. Agricultural commodities from June 2-6, 2025, during Minister Do Duc Duy's U.S. Visit.
- These agreements aim to counteract the 46 percent U.S. Tariff imposed on Vietnamese goods in April and to balance trade amid ongoing tariff negotiations.
- The MOUs include $800 million from Iowa and $600 million in animal feed from Ohio, signed during meetings with local officials to strengthen supply chains.
- Iowa Governor Kim Reynolds expressed that the newly signed agreements will support local farmers and enhance the partnership in agricultural trade between Iowa and Vietnam.
- These deals reflect Vietnam's commitment to deepen trade ties and institutional reforms, while U.S. Partners hope tariffs will be reconsidered to support bilateral growth.
12 Articles
12 Articles
The Manila Times
$3 Billion to Buy U.S. Agricultural Commodities: Vietnam Seeks a Good Deal of Reciprocal Trade Agreement with the U.S.
WASHINGTON D.C, US - Media OutReach Newswire - 7 June 2025 - Vietnam's Minister of Agriculture and Environment Do Duc Duy led a delegation of nearly 50 agencies, agribusinesses, and associations to the United States from June 2-6, 2025, to promote trade and increase imports of agricultural and timber products. The delegation held business dialogues in Iowa, Ohio, Maryland and Washington, D.C.
The volume exported compensated for the fall in prices and the lower temporal rates.The entry Agricultural contributed USD 3.3 billion in retentions in six months, 25% more than in 2024 was first published in Data 24.
Vietnamese companies have signed 20 agreements worth a total of $3 billion (around €2.6 billion) to import more US agricultural products ahead of the third round of official negotiations on US President Donald Trump’s tariffs next week.
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