(Reuters) -Vietnam’s Deputy Prime Minister Ho Duc Phoc and executives from companies including Vietnam Airlines JSC and Vietjet Aviation JSC will visit the United States this weekend as U.S. tariffs loom, Bloomberg News reported on Wednesday. The two airline officials are expected to meet those from Boeing and some U.S. banks, the report said, citing […]
World
Vietnam to send deputy PM on US trip as tariffs loom, Bloomberg News reports
Audio By Carbonatix
(Reuters) -Vietnam’s Deputy Prime Minister Ho Duc Phoc and executives from companies including Vietnam Airlines JSC and Vietjet Aviation JSC will visit the United States this weekend as U.S. tariffs loom, Bloomberg News reported on Wednesday.
The two airline officials are expected to meet those from Boeing and some U.S. banks, the report said, citing sources and an agenda, while Phoc is set to visit Washington.
Trump is expected to announce sweeping new reciprocal tariffs on global trading partners on Wednesday.
Vietnam has announced in the past weeks a series of measures, including boosting U.S. imports, to reduce its trade surplus with Washington, which exceeded $123 billion last year, as it tries to avoid tariffs from the Trump administration.
The Southeast Asian industrial hub has also allowed Elon Musk’s SpaceX to launch its Starlink satellite internet service on a trial basis in the country.
Vietnam is one of the world’s top exporters to the United States, with the U.S. market absorbing imports worth nearly one-third of Vietnam’s economic output.
(Reporting by Kritika Singh in Bengaluru; Editing by Christian Schmollinger and Bernadette Baum)