MoU
signing
to
purchase
US
agricultural
commodities.
The
visit
aimed
to
boost
two-way
trade
and
open
new
opportunities
for
Vietnam
to
import
more
U.S.
agrifood
and
timber,
contributing
to
a
more
balanced
trade
relationship.
Beyond
trade,
the
delegation
also
sought
access
to
new
technologies
to
enhance
the
competitiveness
of
Vietnam’s
agricultural
value
chains.
Minister Duy noted that while both countries have strong agricultural sectors, their strengths are complementary rather than competitive. “With strong support from both governments, agriculture in Vietnam and the U.S. is becoming more interconnected. We now share parts of the same supply chains, which helps increase our competitiveness and benefits producers and consumers in both countries,” the Minister stated. “Vietnamese agribusinesses are working closely with the government to increase purchases of US agrifood and timber products. This effort supports trade balance and strengthens the supply chain between our two countries, hence contributing to global food security”. He emphasized that this initiative also reflects Vietnam’s commitment to deepening trust and advancing the Comprehensive Strategic Partnership as the two countries celebrate 30 years of diplomatic relations.
During the trip, Vietnamese businesses signed 20 MoUs, worth a total of $3 billion to buy U.S. agricultural commodities. These agreements highlight the strong commitment and goodwill of Vietnam’s business community and government to promote balanced trade with the U.S., and to encourage the Trump Administration to reconsider high reciprocal tariffs on Vietnamese goods.
The visit was warmly welcomed and highly valued by U.S. partners. Iowa Governor Kim Reynolds immediately shared her appreciation on X following her meeting with Minister Do Duc Duy: “Excited to welcome Vietnam’s Minister of Agriculture and Environment, Do Duc Duy, and the whole Vietnamese delegation to Iowa and celebrate the signing of MOUs and purchase agreements for Iowa commodities. The agreements today will help our farmers and strengthen the agricultural supply chain between Vietnam and Iowa”. Following the Governor, Mike Naig, Secretary of Iowa Department of Agriculture, put on X: “Yesterday, I met with Vietnam’s ag minister and a major trade delegation working to strengthen ties with U.S. ag producers. Of the $2B in new MOUs signed, $800M is tied to Iowa”.
Brian Baldridge, Ohio Secretary of Agriculture, emphasized during his meeting with Minister Duy that Vietnam and the US, especially Vietnam and Ohio, have complementary strengths, particularly in agricultural trade. Ohio sees strong potentials in Vietnam and recognizes the opportunities to expand bilateral trade. He noted that stakeholders from both sides should explore new ways for farmers, agribusinesses, and associations to collaborate and build strong, integrated supply chains. To support this, both governments should work to remove barriers to agricultural trade.
Following the signing of MoUs with Vietnamese partners to purchase more than $600 million worth of animal feed from Ohio, Patty Mann, Chair of the Ohio Corn Checkoff, stated: “These agreements represent a major win for Ohio corn farmers. Vietnam continues to be a growing and reliable export market, and partnerships like this help ensure we can keep delivering high-quality, Ohio-grown products to the world”. This was elaborated further by Wendy Osborn, Director of Market Development, Ohio Corn and Wheat: “The MOUs signed today represent potential commitments of significant volumes of agricultural commodities and strategic partnerships that will support Vietnam’s growing agricultural sector while providing sustainable markets for Ohio’s farm families. These agreements build upon the strong foundation established through years of relationship-building. May these agreements serve as a foundation for many years of continued collaboration and mutual prosperity”.
During a roundtable with the US-ASEAN Business Council (USABC) in Washington D.C, Ted Osius, President and CEO of USABC, expressed strong support for Vietnam’s agricultural development: “Rapid changes in U.S. tariff policies have created a challenging trade environment. We’re encouraged that Vietnam is considering increasing imports of agricultural goods to help reduce its trade deficit with the U.S. USABC and its member companies remain committed to supporting the growth of Vietnam’s food and agriculture sector”.
In response to the USABC President, Minister Duy reaffirmed the Vietnam government’s strong commitment to continuing institutional reforms, improving administrative efficiency, upgrading infrastructure, and creating the most favorable environment for international businesses, including U.S. enterprises, to expand trade and investment with Vietnam in a long-term and effective manner.
Roundtable
discussion
between
Vietnam’s
Ministry
of
Agriculture
and
Environment
with
USABC
in
Washington
DC.
During
the
meeting
with
Minister
Duy,
the
Chairs
of
the
Agriculture
Committees
of
both
the
U.S.
Senate
and
House
of
Representatives
expressed
enthusiasm
and
optimism
about
the
remarkable
outcomes
of
the
Vietnamese
delegation’s
visit
to
Iowa,
Ohio,
and
Washington,
D.C.
Senator John Boozman was particularly impressed by Vietnam’s robust economic growth and the strong potential for long-term cooperation between the two countries. He highlighted Vietnam’s role as a dynamic and reliable economic partner in the Asia-Pacific region. The Senator expressed support for efforts to achieve a fair tariff agreement and pledged to fully convey Vietnam’s recommendations to relevant US authorities.
Representative Glenn Thompson showed special interest in the high-value deals for US agricultural commodities secured during the Minister’s visit. He expressed confidence in the prospects for deeper cooperation between the two agricultural sectors and emphasized the need for the US government to promptly address concerns over the high reciprocal tariffs that may be applied to Vietnam exports. He welcomed Vietnam’s decision to commercialize biotechnology-based agricultural products imported from the US, calling it a clear signal of Vietnam’s determination to modernize its agriculture and integrate more closely with the US supply chains.
Businesses and associations from both countries expressed hope that the Vietnamese and US governments would continue to support bilateral trade and strengthen links across their complementary agricultural supply chains. Their shared goal is to bring tangible benefits to millions of farmers, consumers, and businesses in both countries. As such, businesses on both sides are urging the removal of the reciprocal tariffs imposed by the Trump Administration on Vietnam. The 46% tariff has been reported to harm not only Vietnamese exporters but also U.S. businesses and consumers. Since agrifood is a staple commodity, higher price would place a considerable burden on average-income American households. Moreover, such measures could disrupt the supply chains that both governments and the private sector have worked hard to establish in recent years.
Businesses wish for a trade agreement between the U.S. and Vietnam soonly concluded, thereby lowering tariffs on agricultural commodities, reinforcing shared supply chains and contributing to the prosperity of both countries under the Comprehensive Strategic Partnership.
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