TẠP CHÍ ĐIỆN TỬ
Vietnam signals significant demand for US goods imports
Minister of Industry and Trade emphasized that Vietnam has a significant, stable, and high-value demand for US-produced goods, equipment, and services.
In recent years, Vietnamese corporations have significantly increased imports from the United States, purchasing aircraft, machinery, equipment, turbines for gas-fired power plants, power transmission systems, GPU chips, and raw materials, with transactions valued in the billions of dollars.
At a working session on May 7, Minister of Industry and Trade and Head of the Government's Negotiation Delegation Nguyen Hong Dien highlighted Vietnam’s growing demand for US products and the importance of implementing trade agreements to balance bilateral trade.
The session gathered major Vietnamese corporations, and large enterprises to discuss ways to advance trade agreements with the US in line with the Prime Minister's directive.
During the meeting, representatives from Vietnamese corporations reported on the progress of purchase agreements signed in 2025, while also assessing and forecasting their import needs for equipment, goods, services, and raw materials—areas where the US holds a competitive edge.
The corporations committed to intensifying engagement with US counterparts through June 2025, aiming to accelerate the contracting process and ensure that signed agreements and memorandums of understanding (MOUs) are fully realized.
Minister Dien emphasized that Vietnam has a significant, stable, and high-value demand for US-produced goods, equipment, and services, reinforcing that these imports align with Vietnam’s economic growth objectives.
However, he acknowledged challenges in bilateral trade, noting that the current trade relationship has yet to reach its full potential. He urged both sides to review and eliminate obstacles, ensuring favorable conditions for businesses to trade essential products and complement each other’s commodity needs.
Additionally, Mr. Dien urged businesses to take a more proactive approach in the near future to fully capitalize on this immense potential.
He emphasized that practical actions would significantly enhance economic, trade, and investment cooperation between the two countries, fostering deeper, more effective partnerships and contributing to a harmonious and sustainable trade balance.
