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Buy More, Sell Less: Tackling Vietnam’s Trade Surplus with the US

Vietnam has been repeatedly singled out by US officials with respect to its trade surplus with the United States. This hasn’t, so far, seen any targeted trade implications for Vietnam (i.e. tariffs) from the US administration, but it is increasingly looking like it is only a matter of time. With this in mind, this article looks at how Vietnam might address the trade imbalance by buying more US goods, and/or reducing its exports to the US.

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Vietnam’s imports of cashew nuts fall 6.54 percent in January

Vietnam’s imports of cashew nuts fell by 6.54 percent month-on-month in January to US$172.66 million, according to Vietnam’s General Department of Customs. This follows a decline from US$184.74 million recorded in December. Year-to-date, Vietnam’s total imports of cashew nuts stood at US$172.66 million. Tanzania was the largest supplier, contributing US$88.49

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Japanese tourist arrivals in Vietnam rise in January

Vietnam welcomed 72,311 tourists from Japan in January, making up 3.5 percent of total international arrivals, according to Vietnam’s General Department of Tourism. This represents a 30.2 percent increase from December and a 19.3 percent rise year-on-year.

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