This move was condemned to reduce US trade deficit by the US. There, helping Vietnam avoid the possibility of sanctions.
"We are aiming to be more balanced with the US," Prime Minister Nguyen said. Bloomberg Yesterday, take the example of orders to buy 150 Boeing aircraft, buy General Electric products and some other oil companies. "This will help trade more balanced, while strengthening cooperation between the two countries," he said.
Prime Minister Nguyen Xuan Fu. Photo: VGP.
Go on Bloomberg, This move could help Vietnam avoid trump management sanctions. Increasing US purchases There. Commodities will concern Mr. Trump's concern about the trade deficit. In the first 10 months of 2018, the US There. Vietnam's trade deficit is about 33 billion USD – the sixth largest, after China, Mexico, Germany, Canada and Japan. Increase economic and strategic relations with the US There. May also help Vietnam reduce its dependence on China – the current leading trading partner.
When he was inaugurated, Mr. Trump forbade the US. There. From the Trans-Pacific Partnership (TPP) – a participatory agreement of Vietnam. However, the relationship between the two countries is still improving, reflected by Mr. Trump's visit to Hanoi in 2017.
The Prime Minister said yesterday that Vietnam will continue to strengthen relations with the world's greatest economies. "I believe we have a good deal with US and China. The two major partners are of important importance to Vietnam," he said.
Ha Thu (According to Bloomberg)