Vietnam - United States: Promoting trade negotiations and agricultural imports

Photo caption — Minister of Industry and Trade Nguyen Hong Dien works with Congressman Adrian Smith (Nebraska, Republican Party). Photo: moit.gov.vn

At the meeting, Minister Nguyen Hong Dien discussed the potential, prospects and results of cooperation between Vietnam and the United States in general, and with the state of Nebraska in particular. The Minister said that since the beginning of the year, after Vietnam and the United States initiated reciprocal trade tax negotiations, Vietnam has committed to importing many products from the United States.

Vietnamese businesses are interested in high-quality corn from local areas in the United States, which is a source of raw materials for seed production and ethanol processing for biofuel production - an important direction in the sustainable energy development strategy. Nebraska beef products are popular with Vietnamese consumers.

The Minister hopes to establish practical cooperation mechanisms with the state of Nebraska in areas of mutual interest, contributing to further strengthening bilateral economic and trade relations.

Since the beginning of the year, Vietnam has increased its cotton imports by 126%, seafood by 8%, corn and soybeans by 35%. Vietnam has also officially signed contracts to buy many aircraft from the United States. Currently, the United States and Vietnam have a trade balance imbalance, but Minister Nguyen Hong Dien said that if the United States soon removes Vietnam from the D1 D3 list (a group of countries with limited access to high-tech products from the United States), it will be an important foundation to help the two countries' trade soon reach balance.

The Minister expressed his hope that Congressman Adrian Smith, with his strong political influence in the Republican Party and deep understanding of trade and agricultural issues, would speak out in support of Vietnam in the negotiation process; at the same time, he would act as a bridge to promote cooperation between Vietnam and the United States in general and with the state of Nebraska in particular, especially in areas where Nebraska has strengths such as agriculture, aviation and biotechnology. At the same time, the Minister shared some issues surrounding the current reciprocal trade negotiations and suggested that Congressman Adrian Smith, with his prestige in US politics, would speak out to promote the two countries to soon conclude negotiations with positive results.

Congressman Adrian Smith thanked and appreciated the working trip and message of Minister Nguyen Hong Dien and emphasized and expressed his belief that, based on recent positive developments, the two countries can completely promote trade cooperation, contributing to bilateral relations.

In particular, Congressman Adrian Smith thanked and appreciated the working trip and message of Minister Nguyen Hong Dien and emphasized and expressed his belief that, based on recent positive developments, the two countries can completely promote trade cooperation, contributing to bilateral relations.

The Chairman of the US Trade Subcommittee highly appreciated Vietnam's efforts to balance trade, especially the purchase of corn as raw materials for the production of biofuel products. He said he had visited Vietnam's agricultural and seafood facilities and clearly saw the potential for importing raw materials from the US for agricultural production.

"I really hope that the two countries will soon complete negotiations on the reciprocal trade agreement between Vietnam and the United States, and that this agreement will have positive value for economic and trade cooperation between the two countries," the Chairman of the US Trade Subcommittee emphasized.

Source: https://baotintuc.vn/kinh-te/viet-nam-hoa-ky-thuc-day-dam-phan-thuong-mai-va-nhap-khau-nong-san-20251115090411231.htm