Vietnamese Ambassador to the US Ha Kim Ngoc held phone talks with US Under Secretary of Agriculture Ted McKinney in Washington DC on May 6 with a view to promoting agricultural cooperation between the two countries.

Vietnam has enjoyed a trade surplus with the US over many years. However, the trade balance has now become relatively equal with a series of valuable procurement contracts that Vietnamese enterprises have signed with US manufacturers.

VietNamNet Bridge - The US and China are two important trade partners of Vietnam. Any interruption in exports will have a big impact on the national economy.  

VietNamNet Bridge - $10.2 billion is the total value of US foreign direct investment (FDI) in Vietnam, but the figure does not represent everything the US contributes.  

Vietnam ranks third among Asian countries which have the biggest trade surpluses with the US. Should this be a concern for Vietnam?

VietNamNet Bridge - Anti-globalization and protectionist attitudes are increasing in some countries, but Vietnam still has an open economy. This means big challenges for Vietnam in upcoming days.

VietNamNet Bridge - “The surplus in trade with the US is not good at all. A deficit would be more reasonable for developing economies like Vietnam,” said Bui Ngoc Son of the Institute of World Economics and Politics.

VietNamNet Bridge - One of the most important agreements that Vietnam signed in July with the US on the occasion of the Vietnamese Communist Party Secretary General Nguyen Phu Trong was the double taxation avoidance.

 VietNamNet Bridge – Trade between Viet Nam and the US continues to expand in spite of domestic and international economic difficulties.

 VietNamNet Bridge – The Trans-Pacific Partnership (TPP) would raise Viet Nam-US trade and practically benefit the two countries' common development, said Prime Minister Nguyen Tan Dung.

 VietNamNet Bridge – Viet Nam hoped to further its economic integration into major markets, including the US, through negotiations at regional and world forums.