US EditionVietnam firms to sign MoUs to buy $2 billion of US farm produce
- On Tuesday in Hanoi, it was announced that Vietnamese companies plan to formalize agreements totaling over $2 billion to purchase American agricultural goods.
- This move aims to reduce Vietnam's trade surplus with the U.S. and head off threatened 46 percent tariffs by the Trump administration.
- The deals include five MoUs to purchase $800 million of Iowa products over three years, such as corn, soybean meal, and dried distillers grains.
- Vietnam bought $3.4 billion of U.S. farm produce last year and signed agreements on Boeing planes and liquefied natural gas, showing efforts to narrow the trade gap.
- The new agreements and ongoing trade talks suggest continued cooperation, but U.S. demands to cut reliance on Chinese materials could challenge Vietnam's economy.
22 Articles
22 Articles
Chief of Party – USDA Food for Progress – Vietnam At CORUS International
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Trump Tariff Triumph as Vietnam Signs Deals Worth $2bn to American Farmers.
PULSE POINTS:What Happened: Vietnam has agreed to purchase over $2 billion in U.S. agricultural products in an effort to ease trade tensions and avoid a 46 percent tariff threatened by President Donald J. Trump.Who’s Involved: President Trump, Vietnam’s Minister of Agriculture Do Duc Duy, U.S. farmers—especially in Iowa—and companies including Westinghouse Electric, SpaceX, and Lockheed Martin.Key Quote: The Vietnamese agriculture ministry confi…
Vietnamese Businesses to Sign Deals to Import $2 Billion of US Farm Produce
Vietnamese businesses are set to sign memorandums of understanding (MOUs) to buy $2 billion worth of U.S. farm produce, the country’s state-owned news agency reported on Tuesday. The Vietnam News Agency said a delegation of 50 Vietnamese companies, led by Agriculture Minister Do Duc Duy, is visiting the United States from June 1 to June 7. The agency said the delegation met on Monday with officials from Iowa’s Department of Agriculture and Land …
U.S. making progress on trade deals with Vietnam
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Vietnam To Sign Agriculture Deals With US Worth $2 Billion
Vietnam is expected to sign deals with the United States to buy more than $2 billion worth of agricultural products, Hanoi said Tuesday, as it tries to slash President Donald Trump's threatened 46 percent tariff.
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