Implementing the Prime Minister's direction on promoting the implementation of trade agreements towards a trade balance between the United States and Vietnam, on May 7, 2025, at the headquarters of the Ministry of Industry and Trade, Minister of Industry and Trade, Head of the Government negotiation Delegation Nguyen Hong Dien chaired a working session with Groups, Corporations, and large Vietnamese enterprises.
The "giants" present at the meeting include: Vietnam Energy - Industry Group (PVN), Vietnam Petroleum Group (Petrolimex), Vietnam Gas Corporation (PV GAS), Vietnam Electricity Group (EVN), Vietnam Coal Group, Vietnam Minerals (TKV), Vietnam Chemical Group, Vietnam Airlines Joint Stock Corporation (Vietnam AIRIETS) (Thaco Industry), Military Telecom Industry Group (Viettel), Vietnam Posts and Telecommunications Group (VNPT) ...
In recent years, these corporations have imported a large number of products such as aircraft, machinery, equipment, turbines for power plants, power transmission systems, GPUs, raw materials, etc. from the United States, worth up to billions of USD.
At the meeting, representatives of the Corporations reported on the implementation of purchasing agreements signed in 2025; assessed and forecasted the demand for import, procurement of equipment, services of goods, raw materials and materials that the United States has strengths in this year and the following years. The corporations said that from now until June 2025, they will increase meetings and work with US partners to promote contracts to realize signed agreements and memorandums of understanding.
After listening to the opinions of business representatives and the Minister of Industry and Trade, the Head of the Government negotiation Team concluded that Vietnam currently has a demand for purchasing large quantities of goods, equipment and services from the United States with high value and stability. These are all products of the United States with strengths and Vietnam has demand.
However, trade exchanges between the two countries have not really matched the potential. The Minister said that both sides need to urgently review and promptly remove difficulties and obstacles, creating favorable conditions for businesses in buying and selling essential products, supplementing each other's commodity needs. At the same time, the Minister suggested that in the coming time, businesses need to be more active to realize this great potential.
This is a practical action to help promote economic, trade and investment cooperation between the two countries in a practical way, increasingly in-depth and effective; at the same time, contributing to the harmonious and sustainable trade balance.
