Vietnam is proactively seeking to address its significant trade surplus with the United States by increasing imports of American goods, including defense and security products. Prime Minister Pham Minh Chinh announced this initiative during a cabinet meeting, highlighting the government's commitment to fostering a more balanced and sustainable trade relationship with the U.S.

In 2024, Vietnam's trade surplus with the U.S. reached a record $123.5 billion, making it the third-largest trade gap with the U.S., following China and Mexico. To mitigate potential trade tensions and the imposition of tariffs, Vietnam has expressed readiness to open its market further to U.S. products. This includes plans to import more agricultural products, liquefied natural gas (LNG), and high-tech equipment.

The Vietnamese government has also initiated a review of import tariffs on U.S. goods to encourage increased imports of key American products. Additionally, Vietnam has signed preliminary deals with U.S. firms for the import of energy equipment, ethanol, and LNG-related products.

These efforts are part of Vietnam's broader strategy to address U.S. concerns over trade imbalances and to prevent the implementation of new tariffs that could adversely affect its economy. By increasing imports from the U.S., Vietnam aims to demonstrate its commitment to equitable trade practices and strengthen economic ties between the two nations.