President Donald J. Trump Hails Vietnam's Commitment to Expanding Commercial Partnerships with American Companies

10:11:15 AM | 2/28/2019

“Moving forward as partners, we will achieve great prosperity and success for the American people and for the Vietnamese people,” remarked the U.S President Donald J. Trump on February 27 during his visit to Vietnam for the second summit meeting with Kim Jong Un, Chairman of the State Affairs Commission of the Democratic People’s Republic of Korea.

At the meeting with General Secretary of the Communist Party and President of the Socialist Republic of Vietnam Nguyen Phu Trong, President Trump said: “Our country, like your country, is doing very, very well. Our economy is probably as good as it's ever been; maybe the best it's been. And unemployment and all of the numbers that you would look at are at historically positive numbers. And so I just see what you've done, and I'm very proud of what you've done. And I'm very proud to have left here last year - we had a great meeting.”

“And since that meeting, we've done a lot of trade. And I know today, whether it's Boeing and a couple of others, we're going to be signing some very big trade deals where you're buying a lot of different products from the United States, which we greatly appreciate. We're reducing the deficit very substantially, as are many countries.”

President Trump is pleased that Vietnamese airlines have agreed to purchase new planes, engines, and services from American companies. These agreements reflect the deep economic partnership enjoyed by the United States and Vietnam.

President Trump, alongside President Trong of Vietnam, participated in the signing of commercial trade deals between leading Vietnamese airlines and American companies.

These agreements are worth over US$21 billion and include the following:
  • VietJet will buy 100 American-made Boeing 737-MAX jets and 215 General Electric-developed LEAP engines.
  • Bamboo Airways will purchase 10 Boeing 787-9 aircraft.
  • Vietnam Airlines pledges to acquire a minimum of US$50 million in reservation systems and other services from Sabre Corporation.
These purchases will support more than 83,000 American jobs and improve safety and reliability for Vietnamese and international travelers.

President Trump is committed to deepening economic ties and advancing the partnership between the United States and Vietnam. These deals are a reflection of the work President Trump has undertaken to strengthen the partnership between the United States and Vietnam.

In May 2017, President Trump and Prime Minister Nguyen Xuan Phuc pledged to enhance the comprehensive partnership between the United States and Vietnam.

Among other commitments, both sides pledged to promote and grow mutually beneficial economic ties between their two countries.

In November 2017, during President Trump’s first historic visit, Vietnamese companies announced agreements to purchase US$12 billion in American goods and services.

Vietnam also committed to eliminate trade barriers on United States agricultural exports, opening up new markets for American farmers.

Nam Pham