![\"\"](\"https:\/\/mwanzotv.com\/wp-content\/uploads\/2025\/03\/edxfvfesdx.jpg\")
The Southeast Asian nation has the third-biggest trade surplus with the US after China and Mexico — both targeted by Trump since he took office.<\/p>\n
A statement posted by PetroVietnam Power Corporation (PVPower) on its website said the new projects — in areas such as aviation, oil and gas exploration and petrochemical imports — were worth around $4.15 billion.<\/p>\n
The “highly meaningful” deals were aimed at establishing “balanced and harmonious” trade and would create hundreds of thousands of jobs for workers in both countries, PVPower said.<\/p>\n
They were signed in the US on Thursday during a visit by Vietnam’s trade and industry minister Nguyen Hong Dien to meet US Trade Representative Jamieson Greer in Washington.<\/p>\n
Greer told Dien that Vietnam “needs to have stronger solutions to open the market and improve the trade balance”, according to a report on the website of Vietnam’s trade ministry.<\/p>\n
There is increasing worry in Hanoi that Vietnam could be the next target of Trump’s tariffs, which have sent shockwaves through global markets.<\/p>\n
Earlier, Hanoi said it was reviewing import duties on goods from the United States.<\/p>\n
Vietnamese Prime Minister Pham Minh Chinh told US ambassador Marc Knapper that the review would look to encourage increased imports of liquified natural gas, as well as agricultural and high-tech products, a report on the government’s website said on Thursday.<\/p>\n
Chinh told Knapper that Vietnam was “actively addressing the current concerns of the US in economic-trade-investment relations”.<\/p>\n
Vietnam was also “reviewing import tariffs on goods from the United States, encouraging increased imports of key US products that Vietnam needs, especially agricultural products, liquefied gas and high-tech products”, the report added.<\/p>\n
The US trade deficit in goods with Vietnam was $123.5 billion in 2024, up more than 18 percent on 2023, according to the Office of the United States Trade Representative.<\/p>\n
Vietnam is a manufacturing powerhouse that is heavily reliant on exports, and the United States was its biggest export market in 2024.<\/p>\n
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\u00a9 Agence France-Presse<\/p>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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