Vietnam to Bolster U.S. Trade Relations with New Energy Agreements

Vietnam anticipates signing agreements with the U.S. during the visit of Trade Minister Nguyen Hong Dien. The visit aims to ease potential U.S. tariffs due to Vietnam's trade surplus. Energy agreements, especially involving LNG, and modifications of import duties are expected to feature prominently in discussions.

Vietnam is poised to strengthen its trade ties with the United States, expecting to finalize several agreements during a pivotal visit by Trade Minister Nguyen Hong Dien this week. The visit, as detailed in a government document seen by Reuters, aims to address concerns over potential tariffs spurred by Vietnam's trade surplus with the U.S.

The March 5 document outlines Dien's itinerary, including meetings with U.S. trade and energy officials. Representatives from key energy companies will accompany Dien, highlighting the focus on energy trade, particularly U.S. liquefied natural gas, amid discussions of revising import duties on commodities such as ethanol and agriculture products.

This visit is part of the ongoing dialogue under the Trade and Investment Framework Agreement. Dien is scheduled to meet with U.S. Trade Representative Jamieson Greer, followed by engagements with the U.S. energy department and the signing of several agreements, underscoring Vietnam's commitment to expanding its energy sector in collaboration with U.S. industries.

(With inputs from agencies.)