Friday, May 30, 2025 6:58:26 PM - Markets open
VN-INDEX 1,332.60 -9.26/-0.69%
HNX-INDEX 223.22 -1.08/-0.48%
UPCOM-INDEX 98.49 -0.13/-0.13%
Vietnamese corporations to advance trade deals with US partners
Vietnam News - 5/8/2025 3:53:56 PM
 (0 ratings. You must sign in to rate.)

 Minister of Industry and Trade Nguyễn Hồng Diên on May 7 chaired a working session with major Vietnamese enterprises to implement the Prime Minister's directive on promoting trade agreements to help balance the trade relationship between the US and Việt Nam.

Participants included leading corporations such as the Vietnam National Industry - Energy Group (Petrovietnam), Vietnam National Petroleum Group (Petrolimex), Vietnam Electricity (EVN), Vietnam Airlines and Vietjet Air, among others.

In recent years, these enterprises have recorded substantial imports from the US, including aircraft, machinery, equipment, turbines for gas-fired power plants, power transmission systems, GPU chips, raw materials, and fuels, amounting to several billions of US dollars.

During the meeting, the corporations reported on the progress of procurement agreements signed in 2025. They also made assessments and forecasts on demand for this year and beyond for imports of the equipment, goods, services, and materials in which the US has strengths.

They said they plan to intensify engagements and meetings with US partners from now until June to advance the signing of contracts to implement previously signed agreements and memoranda of understanding.

Minister Diên, who leads the Government’s negotiation delegation on a reciprocal trade agreement with the US, said that Việt Nam currently has strong and steady demand for US goods, equipment and services — sectors where the US excels and Việt Nam has pressing needs.

However, he noted that bilateral trade has yet to reflect its full potential. The minister stressed the need for both sides to urgently review and resolve outstanding issues to facilitate the trade of essential goods and services.

He further called on enterprises to take a more proactive approach in unlocking this vast potential, stressing that such efforts will play a crucial role in deepening economic, trade, and investment cooperation between the two nations in a substantive and effective manner.

These actions will also contribute to building a more balanced, harmonious and sustainable trade relationship, Diên said. — VNS

Read original article here

Newer News
27/05 Foreign direct investment continues to pour into Việt Nam
27/05 Maritime transport maintains strong growth
26/05 Việt Nam offers investment potential amid global uncertainty
26/05 Enhancing presence of Vietnamese goods in ASEAN market is essential
20/05 Credit growth in HCM City hits $155b in first four months
16/05 Việt Nam’s plan to cut US car tariffs faces limited short-term impact
16/05 Việt Nam’s auto market gains momentum in early 2025
13/05 2025 FTA negotiation plan to be submitted in May
09/05 Fuel prices cut again
09/05 Việt Nam’s economy needs restructuring amid US tariff shifts
Older News
06/05 Petrol prices decline in latest update
06/05 Việt Nam's manufacturing PMI declines amid tariff announcements
06/05 Agro-forestry-fishery trade surplus $5.2 billion in four months
28/04 Logistics transforms into high-tech service industry
21/04 US tariffs prompt Việt Nam’s supply chain shift
21/04 Việt Nam stays on course for 8 per cent growth despite tariff risks
14/04 EU applies provisional anti-dumping measures on hot-rolled steel imports from Việt Nam
09/04 FTA Index is key driver to implement free trade agreements
09/04 CPI rises 3.22%, inflation remains under control in Q1
09/04 Deputy PM urges diplomatic measures conducive to US trade policy adjustments
 
Newsletter Signup
Top Stories
Profit-taking pressure grows as market retreats
Open-end funds keep attracting capital inflows
Stock market upgrade expected by September
Stock market starts off May on a positive note as key stocks gain post-holiday
Việt Nam to launch KRX trading system on May 5
Market Update
Last updated at 3:10:02 PM
VN-INDEX 1,332.60 -9.26/-0.69%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.