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Current Position:Home » News » General News » Topic

Vietnam and its US$5 bln plan to neutralise Trump's tariff threats

Zoom in font  Zoom out font Published: 2019-09-27  Origin: freshplaza  Views: 0
Core Tip: Vietnam's plans to mitigate the Trump administration's trade gap concerns have now come to a coastal commune, best known for growing dragon fruit.
Vietnam's plans to mitigate the Trump administration's trade gap concerns have now come to a coastal commune, best known for growing dragon fruit.

The community could soon be home to a US$5 billion liquefied natural gas project that would include an import terminal and gas-fired power plant and eventually import billions of dollars of US fuel into the country.

The project is being fast-tracked with the blessing of Prime Minister Nguyen Xuan Phuc as part of a push to buy American products in Vietnam, where the Communist government has embarked on a crash course in modern US politics.

John Rockhold is an engineer, shepherding infrastructure projects in Vietnam. He is country director of Energy Capital Vietnam, which is leading a consortium of companies backing the development on salt beds in southern Binh Thuan province: "I think they see LNG as a way of lowering the trade deficit the US has with Vietnam. There is a lot of pressure from the White House right now."

 
keywords: dragon fruit
 
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