Vietnam PM urges US to raise some high-tech export restrictions

HANOI (Reuters) -Vietnam’s Prime Minister Pham Minh Chinh on Wednesday urged america to raise export restrictions on some expertise and mentioned the nation wished to develop satellite tv for pc communications.

Talking at an occasion in Hanoi organised by the American Chamber of Commerce, Chinh additionally mentioned the 2 nations ought to hold good relations and cooperate to foster multilateralism to deal with international challenges.

He didn’t make reference to doable U.S. tariffs on Vietnam regardless of threats from the upcoming Trump administration of as much as 20% duties on all imports. Vietnam is a big exporter to the U.S. and has a big commerce surplus with Washington.

“We hope america will raise its embargo on Vietnam for some applied sciences,” Chinh advised the convention. “We aren’t combating anybody, so why do you retain the embargo?” Chinh mentioned.

   The U.S. at the moment limits Vietnam’s entry to chemical and organic weapons and to expertise that’s thought of important to U.S. safety. However Vietnam is already permitted to import typical weapons from america, in addition to some nuclear and missile expertise.

The prime minister additionally mentioned Vietnam wished to develop satellite tv for pc communications and was in talks with U.S. aerospace large SpaceX.

He reiterated a name for america to recognise the Communist-run nation as a market economic system, a transfer that might scale back tariffs on sanctioned trades.

Chinh additionally mentioned that overseas funding flows into Vietnam this 12 months had been anticipated to whole round $25 billion.