Vietnamese leaders scramble to sign some big deals with the United States to reduce their trade imbalance with the United States and the possibility of punishing the Trump administration’s tariffs.
According to state media and one of the companies, the Vietnamese company signed a series of energy and mineral agreements with U.S. companies when Vietnam’s trade minister visited the United States.
The state-controlled Petrovier regime said Vietnamese companies were in talks with goods that purchased U.S. crude oil and liquefied natural gas, the signator of one of the deals, and accompanied the minister with the minister.
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Vietnam Trade Minister Nguyen Hong Dien discusses trade cooperation in the United States as Southeast Asian countries are eager to avoid Reciprocal tariffs threatened by the Trump administration Reduce the U.S. trade deficit globally.
Power plant equipment, oil, mineral trading
Petrovinan's power said in a statement that it had signed a memorandum of understanding with Ge Vernova to purchase GE equipment for gas-fired power plants.
It did not elaborate on the signed agreement, but said they were worth $4.15 billion. Reuters cannot confirm this figure independently.
Other deals include deals between Petrovietnam Power and State Media, as well as between Petrovietnam Refinery and Pennsylvania and Kellogg Brown and Roots, according to reports from Petrovietnam Power and State Media.
They said there are other agreements between Vietnam's fuel trading company Petrolimex and the US International Development Finance Corporation Masan Group.
The trip was set for federal agencies next month by U.S. President Donald Trump to complete a comprehensive review of a range of trade issues, including an analysis of the ongoing U.S. trade deficit.
According to one person Reuters analysis.
- Jim Pollard's additional editor Reuters
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Vietnam enjoys significant export growth and industrial production
