UPDATE 1-Vietnam does not have a policy of creating excess capacity, PM tells U.S. trade rep

* Vietnam has been in talks with the U.S., ⁠its ​largest export market, ⁠on a trade agreement since President Donald Trump announced planned tariffs ⁠on Vietnamese goods more than a year ago. * Hung said at ​the meeting that Vietnam is willing to facilitate ⁠U.S. firms in expanding their investment and business activities in the ⁠country.

Vietnam ​does not have ​a policy of creating ‌excess capacity, ​Vietnamese Prime Minister Le Minh Hung told Deputy U.S. Trade Representative ‌Rick Switzer at a meeting on Wednesday in Hanoi, the Vietnamese government said.

Vietnam will continue to closely ‌coordinate with the U.S. to finalise negotiations for a ‌bilateral trade pact, the government said in a statement following the meeting. * Vietnam has been in talks with the U.S., ⁠its ​largest export market, ⁠on a trade agreement since President Donald Trump announced planned tariffs ⁠on Vietnamese goods more than a year ago.

* Hung said at ​the meeting that Vietnam is willing to facilitate ⁠U.S. firms in expanding their investment and business activities in the ⁠country. * He ​said Vietnam is determined to fight against violations of intellectual property rights.

* Vietnam earlier this month ⁠launched a new crackdown on online piracy and counterfeit goods, ⁠aiming ⁠to boost detections by a fifth, after the U.S. revived the prospect of fresh ‌tariffs.