By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Friday, Sep 4, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Business

Trump hails signing of multi ‘Billion Dollars deals’ with Vietnam

Chigozie Ekwenye
Last updated: June 1, 2017 1:01 pm
By Chigozie Ekwenye
Share
7 Min Read
trump vietnam
SHARE

WASHINGTON — U.S. President Donald Trump discussed trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on Wednesday and welcomed the signing of business deals worth billions of dollars and the jobs they would bring.

General Electric said earlier it had signed deals with Vietnam worth about $5.58 billion for power generation, aircraft engines and services, its largest ever single combined sale with the country.

“They just made a very large order in the United States — and we appreciate that — for many billions of dollars, which means jobs for the United States and great, great equipment for Vietnam,” Trump told reporters at the White House.

Phuc said on Tuesday he would sign deals for U.S. goods and services worth $15 billion to $17 billion during his Washington visit, mainly for high-technology products and for services.

Protesters greet Phuc

Hundreds of people upset by Vietnam’s human rights record, called “dire” by Human Rights Watch, protested outside the White House on Wednesday afternoon.

‘Rich Dad Poor Dad’ Author Robert Kiyosaki reveals $1.2bn investment debt
Customs Generates N1.38tn Revenue in July, August
WhatsApp to charge businesses per message from October 2026
Chinese billionaire Xu Jiayin Sentenced to Life in Prison
A Vietnamese-American woman protests outside the White House before President Donald Trump's meeting with Vietnamese Prime Minister Nguyen Xuan Phuc at the White House in Washington, May 31, 2017.

A Vietnamese-American woman protests outside the White House before President Donald Trump’s meeting with Vietnamese Prime Minister Nguyen Xuan Phuc at the White House in Washington, May 31, 2017.

Mai Huynh, a U.S. Navy veteran said, “I’m here today because I think it’s our responsibility to show the young generation in Vietnam that we’re supporting them in their fight for basic human rights, including the right to freely elect our leaders and ask them to listen to our call.”

Others posted comments on VOA Vietnamese: “President Trump, prior to any deal with Vietnam, please make sure to prioritize human rights as a core condition,” said Tien Nguyen.

Lolita Mancheno-Smoak, vice-chairwoman of the Fairfax (Virginia) County Republican Committee, told VOA Vietnamese, “The United States, as a nation, can’t have relationship or coordination with the government that prosecute and imprison its own citizens just because they’re blogging on in the internet and sharing their opinions, or just gathering peacefully or even worshipping the God, and holding the Bible in the public.

“We stand in solidarity with the Vietnamese community and the people in Vietnam to fight for their freedom,” Mancheno-Smoak said of a nation where the ruling Communist Party tightly controls many activities. “It goes to our hearts here in America when we know that people are dying and we feel for them.”

From adversary to partner

Communist Vietnam has gone from being a bitter adversary of the United States during the Cold War to an important partner in the Asia-Pacific, where both countries share concerns about China’s rising power.

Phuc told Trump the relationship had undergone “significant upheavals in history,” but that the two countries were now “comprehensive partners.”

However, while Hanoi and Washington have stepped up security cooperation in recent years, trade has become a potential irritant, with a deficit widening steadily in Vietnam’s favor, reaching $32 billion last year, compared with $7 billion a decade earlier.

President Donald Trump welcomes Vietnamese Prime Minister Nguyen Xuan Phuc to the White House in Washington, May 31, 2017.

President Donald Trump welcomes Vietnamese Prime Minister Nguyen Xuan Phuc to the White House in Washington, May 31, 2017.

Trump, who has had strong words for countries with large trade surpluses with the United States, said he would be discussing trade with Phuc, as well as North Korea.

Washington has been seeking support for efforts to pressure North Korea to drop its nuclear and missile programs, which have become an increasing threat to the United States. Hanoi has said it shares concerns about North Korea.

Analysts said that while the Trump administration welcomed new business deals with Vietnam, it wants to see moves on trade.

Murray Hiebert, a Southeast Asia expert at the Center for Strategic and International Studies in Washington said the view was that deals were “nice, but not enough.”

“They want Vietnam to bring some ideas about how to tackle the surplus on an ongoing basis,” he said.

On Tuesday, U.S. Trade Representative Robert Lighthizer expressed concern about the rapid growth of the deficit with Vietnam. He said it was a new challenge for the two countries and he was looking to Phuc to help address it.

Vietnamese Prime Minister Nguyen Xuan Phuc, second from left, speaks during a bilateral meeting with President Donald Trump in the Cabinet Room at the White House in Washington, May 31, 2017.

Vietnamese Prime Minister Nguyen Xuan Phuc, second from left, speaks during a bilateral meeting with President Donald Trump in the Cabinet Room at the White House in Washington, May 31, 2017.

The deficit with Vietnam — Washington’s sixth largest — reflects growing imports of Vietnamese semiconductors and other electronics products in addition to more traditional sectors such as footwear, apparel and furniture.

Vietnamese Trade Minister Tran Tuan Anh presented Lighthizer on Tuesday with suggestions to address some U.S. concerns, such as advertising on U.S. social media, electronic payment services and imports of information security and farm products, Vietnam’s trade ministry said.

Vietnam also urged the United States to remove an inspection program for catfish, speed import licenses for its fruit and make fair decisions on anti-dumping and anti-subsidy measures on Vietnamese products, the ministry said.

Vietnam was disappointed when Trump ditched the 12-nation Trans-Pacific Partnership (TPP) trade pact, of which Hanoi was expected to be one of the main beneficiaries, and focused U.S. trade policy on reducing deficits.

Phuc’s meeting with Trump makes him the first Southeast Asian leader to visit the White House under the new administration.

It reflected calls, letters, diplomatic contacts and lower-level visits that started long before Trump took office in Washington, where Vietnam retains a lobbyist at $30,000 a month.

Source – VOA

Like this:

Like Loading…
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
Previous Article sahara Over 40 people ‘die of thirst’ in Sahara Desert
Next Article South Africas Zuma hits out at state capture report implicating him Email leaks heap more pressure on Zuma
Search
– Advertisement –
Latest News
  • FG to Repair First Niger Bridge, Announces Closure September 4, 2026
  • Tinubu FOIA Case: Nigeria Must Face Facts, Not Fears September 4, 2026
  • RPluto to Drop ‘Grinding On A Low’ Featuring Kenzzydayo September 4, 2026
  • Leave Your Husbands If They Stop You From Voting APC, I will Remarry you- Yobe State APC Chairman September 4, 2026
  • Imo Returnees Storm Government House, Seek ₦1m Grant September 4, 2026
  • Governors can’t save Tinubu from defeat in 2027 – Kwankwaso September 4, 2026
  • Arise Ends Interview over Rufai Oseni September 4, 2026
  • Presidency Fires Back Over Tinubu’s US Records Case, Says It Is Not Criminal Trial September 3, 2026
  • Trump Suggests Renaming Strait of Hormuz ‘Trump Strait’ Amid Rising Iran Tensions September 3, 2026
  • I became Governor while making N10m monthly on Akara sales – Governor Eno September 3, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

IMG 5593
Nigeria NewsFinance

₦15.8trn saved from Subsidies between 2023, 2025 – Oyedele

August 19, 2026
IMG 5504
Nigeria NewsFinance

Heirs Appoints Jerry Eze as Non-Executive Director

August 10, 2026
NRS
NationalBusiness

NRS highlights Economic Gains under Tinubu

August 10, 2026
NGX Exchange Identity
BusinessNational

NGX has created up to 900,000 Millionaires in Nigeria — Temi Popoola

August 8, 2026
Zenith Bank
Breaking NewsBusiness

Zenith Bank confirms customer data breach, says financial information remains secure

August 6, 2026
Zenith Bank
Nigeria NewsFinance

Cyberattack hits Zenith Bank, Customers Information Exposed

August 5, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • National Security
  • Events
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • World News
  • The Love of God
  • Crime and Investigation
  • Business

9NEWS NIGERIA

  • Editorial
  • Opinion
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

%d