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Vietnam strives to balance trade with US: PM
Nguyen Tung 15:47, 2019/09/07
Growing trade relations between Vietnam and the US would bring mutual benefits to the people of the two countries, contribute to peace, stability and cooperation in the Asia – Pacific region.
Vietnam is putting efforts to balance trade with the US, which is one of Vietnam’s major trade partners, according to Prime Minister Nguyen Xuan Phuc. 
 
Source: VGP.
Source: VGP.
Growing trade relations between Vietnam and the US would bring mutual benefits to the people of the two countries, contribute to peace, stability and cooperation in the Asia – Pacific region, Phuc said at a meeting with Governor of Nebraska John Pete Ricketts on September 6. 

Phuc expressed delight that exports from Nebraska to Vietnam have been growing rapidly, including beef with an increase of 125% year-on-year in 2018.

Vietnam gives priority to relations between cities and states of the two countries, PM Phuc stressed. 

Vietnam is committed to creating favorable conditions for more exports from the US, stated Phuc. The country is looking for more cooperation in agricultural sector, biology and technology transfer, which are also Nebraska’s advantages. 

Nebraska’s exports, such as beef, to Vietnam would help balance the bilateral trade, Phuc asserted. 

Phuc expected Nebraska to serve as a bridge for more improvements in the US-Vietnam exchanges, not only in agriculture, but also in finance-banking, education, science, technology, healthcare and national security, among others.  

At the meeting, Ricketts said the US in general, and Nebraska in particular, seeks greater cooperation with Vietnam. 

According to Ricketts, Nebraska has the largest beef export capacity in the US, while such exports to Vietnam have tripled. 

Ricketts proposed holding a bilateral investment conference at Nebraska, adding Vietnam has vast opportunities to attract foreign investment. 

Nebraska’s governor expressed his belief that strong relation at state level would boost the ties between localities of Vietnam and the US. 
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