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Wed. AM KTFA News Articles from Vietnam and Iraq 3-12-25

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Henig » March 12th, 2025

Vietnam to sign U.S. deals as trade, energy officials meet, document shows

By Reuters March 10, 2025 2:55 AM PDT

HANOI, March 10 (Reuters) – Vietnam expects to sign pacts with the United States this week after its trade minister meets U.S. trade and energy officials, according to a government document reviewed by Reuters.

The step comes after weeks of conciliatory messages Vietnam has sent Washington in an effort to avert tariffs by the T------------------n the Southeast Asian nation may face because of its large trade surplus with the United States.

The March 5 document from the trade ministry features the schedule of Trade Minister Nguyen Hong Dien’s trip to the United States this week.

It also listed energy companies and government departments, from customs to tax, asked to send accompanying representatives.

Last week the government said on its portal Dien, who is also in charge of energy and industry policy, would travel to the United States on Thursday to meet U.S. Trade Representative Jamieson Greer.

But it gave no details of possible deals or topics to be discussed.

Officials have publicly indicated Vietnam’s intention to buy U.S. liquefied natural gas for its fledgling industry and to possibly revise duties on several imports, from ethanol and LNG to agriculture products.

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Trading firm PetroVietnam Gas (GAS.HM), opens new tab, power generator PetroVietnam Power (POW.HM), opens new tab and power distributor EVN are among the state-controlled gas and energy companies asked to send delegates on Dien’s U.S. trip, the ministry document shows.

The event is part of regular meetings between U.S. and Vietnamese trade officials under the Trade and Investment Framework Agreement signed in 2007.

Dien is set to first meet Greer on Thursday, before working with officials of the U.S. energy department and witnessing the signing of “a number of agreements” the following day, the document showed.

Then he will meet officials of the commerce department and industry groups with “interests in Vietnam”, it added, but did not say if the meetings were listed according to times in the United States or Vietnam, which could affect the days.

Reporting by Emily Chow, Francesco Guarascio and Khanh Vu; Editing by Clarence Fernandez Link

Clare » March 12th, 2025

World Bank confirms its continued support for Iraq to achieve its development goals

3/11/2025

Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq’s aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development. This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.

The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.

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For his part, the World Bank representative expressed the bank’s commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq’s ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved.  LINK

Source: Dinar Recaps

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