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Vietnamese Prime Minister to Sign Deal Worth $17B with America


May, 31 2017
watermark Economic news

A trade deal between the United States and Vietnam worth $15 billion of goods and services will be signed during the visit of Vietnamese Prime Minister Nguyen Xuan Phuc during his next meeting on Wednesday in Washington D.C. This is centered on latest technology products and services which will importantly raise imports of such products to the from the U.S.


The bilateral trade deficit of Vietnam with the U.S. has widened from $7 billion reaching almost $32 billion in the past 10 years. Also, this shows rising imports of electronic products besides the traditional business sectors such as footwear, clothing, and furniture. It poses a problem for the country while they remain optimistic that this can still be amended and enhance their trade relationship, according to Lighthizer as the U.S. Trade Representative. They promised to lessen the gap in figures with their principal trading partners.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.