Vietnamese Businesses to Sign Deals to Import $2 Billion of US Farm Produce

The United States registered a trade deficit of $123 billion with Vietnam last year, and in April, Trump levied 46 percent tariffs on goods from the country.
Vietnamese Businesses to Sign Deals to Import $2 Billion of US Farm Produce
Iowa's Secretary of Agriculture Mike Naig (C), flanked by his deputy Grant Menke (L) and president of Iowa Corn Promotion Board, Ralph Lents (R) at a meeting with a Vietnamese trade delegation in the Capitol in Des Moines, Iowa, on June 2, 2025. Courtesy of Iowa Department of Agriculture
Chris Summers
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Vietnamese businesses are set to sign memorandums of understanding (MOUs) to buy $2 billion worth of U.S. farm produce, the country’s state-owned news agency reported on Tuesday.

The Vietnam News Agency said a delegation of 50 Vietnamese companies, led by Agriculture Minister Do Duc Duy, is visiting the United States from June 1 to June 7.
Chris Summers
Chris Summers
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Chris Summers is a UK-based journalist covering a wide range of national stories, with a particular interest in crime, policing and the law.