The United States and Vietnam have launched commercial negotiations after the president Donald Trump interrupted the implementation of a 46% price on Vietnam exportsA decision that could strengthen the country’s growing technological manufacturing sector.
What happened: On Thursday, the Vietnamese government announced that it would start commercial talks with the United States, after the temporary judgment of a heavy price on Vietnamese products, Reuters reported.
The 90 -day break, which came after the discussions between the US trade representative Jamieson Greer and Vice-Prime Minister of Vietnam Ho Duc Phocsignals a potential change in the economic relations of the two nations.
Why is it important: Vietnam had $ 123 billion trade surplus With the United States last year, which means that Vietnam has exported much more to the United States than it imported.
The Southeast Asian Nation serves as a vital manufacturing basis for large American companies such as Apple Inc. Aapl,, Intel Corp Intruder,, NVIDIA Corp NvdaAnd Alphabet Inc. Goog Googl Google.
These technology giants have expanded their operations to Vietnam, driven by profitability, access to skilled workforce and the need to mitigate the risk of higher prices on Chinese manufacturing products.
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Apple, for example, has taken advantage of Vietnam as a key production site for products like Macbooks And Airpods,, with suppliers like Foxconn And Luxury Establish factories in the country. Apple shares fell 18.45% Benzinga Pro data.
Nvidia has also chosen Vietnam as a location for its Third World Center for AI Researchwhile Google would have moved its Pixel production to avoid Potential prices on Chinese imports.
Intel also produces semiconductor components in Vietnam as part of its widest Manufacturing strategy. The company said last month that its operations in Vietnam are at the heart of the IDM 2.0 initiative, employing around 6,000 people in advanced technology stations.
Since launched its assembly and test installation, Intel has invested $ 1.5 billion and generated more than $ 90 billion in total export value on the site.
Last month, it was reported that the Vietnamese Prime Minister Pham Minh Chinh promised to speed up the license process for Elon Musk companies, Tesla Inc. Tsla And Peak linkAs part of a pilot initiative. Tesla is down 28.23% this year.
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