Vietnam is strengthening cooperation with the United States in the defense sector amid customs pressure. This is reported by Reuters, reports UNN.
Details
In response to trade restrictions imposed by the United States, the Vietnamese government has decided to step up purchases of American defense and security equipment.
According to Prime Minister Pham Minh Chin, in addition to increasing procurement in the field of national security, Hanoi intends to speed up the delivery of passenger aircraft that were previously ordered from US manufacturers. This step is part of a broader strategy aimed at mitigating the effects of trade restrictions that put pressure on the export-dependent economy.
Let us remind you
Recently, Vietnam faced 46 percent duties imposed by the previous US administration. These measures affected one of the key sectors – light industry, which provides jobs for thousands of enterprises, including those that produce products for world-renowned brands.
In addition to Vietnam, high tariff barriers have affected other countries in the region, such as Laos, Myanmar and Sri Lanka. For many of them, whose economies are critically dependent on foreign markets, such a policy has become a serious challenge.
Vietnam is ready to reset duties for the USA - Trump04.04.25, 19:34