• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Vietnam PM urges US to lift some high-tech export restrictions

by November 27, 2024
written by November 27, 2024

HANOI (Reuters) -Vietnam’s Prime Minister Pham Minh Chinh on Wednesday urged the United States to lift export restrictions on some technology and said the country wanted to develop satellite communications.

Speaking at an event in Hanoi organised by the American Chamber of Commerce, Chinh also said the two countries should keep good relations and cooperate to foster multilateralism to address global challenges.

He did not make reference to possible U.S. tariffs on Vietnam despite threats from the upcoming Trump administration of up to 20% duties on all imports. Vietnam is a significant exporter to the U.S. and has a large trade surplus with Washington.

“We hope the United States will lift its embargo on Vietnam for some technologies,” Chinh told the conference. “We are not fighting anyone, so why do you keep the embargo?” Chinh said.

   The U.S. currently limits Vietnam’s access to chemical and biological weapons and to technology that is considered critical to U.S. security. But Vietnam is already permitted to import conventional weapons from the United States, as well as some nuclear and missile technology.

The prime minister also said Vietnam wanted to develop satellite communications and was in talks with U.S. aerospace giant SpaceX.

He reiterated a call for the United States to recognise the Communist-run country as a market economy, a move that could reduce tariffs on sanctioned trades.

Chinh also said that foreign investment flows into Vietnam this year were expected to total around $25 billion.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Asian stocks weak amid Trump tariff worries; yen firm
next post
China Oct industrial profits narrow decline but demand remains weak

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • China-Europe rivalry heats up at Paris car show as EV tariffs loom
    • Fed seen delivering 25 bps cut next month after inflation data

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy