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Vietnam willing to boost US purchases, trade minister says, as new round of tariff talks begins

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HANOI, Feb 4 (Reuters) - ​Vietnam is willing to increase purchases of U.S. goods, especially machinery and high‑tech products, ⁠its trade minister said on Wednesday, as the Southeast Asian nation began a sixth round of ‍tariff negotiations in Washington this week.

Trade Minister Le ​Manh Hung met with several U.S. companies in the energy and technology sectors, including executives from Apple, ​Exxon Mobil, GE, AES and Excelerate Energy, according to a statement from the ministry.

The White House in October said the United States and Vietnam would finalise a trade agreement ‌that will keep tariffs on most Vietnamese ‌goods at 20% but remove duties on certain products.

Vietnam's shipments ​to the United States, its largest export market, reached a record high of $153 billion last ‌year, despite the tariffs.

During the trip, trade minister Hung ⁠witnessed the signing of several memorandums of ‌understanding with U.S. ​companies to buy American crude oil, ethanol and corn, Vietnam state media reported on Wednesday.

The MOUs ⁠were signed with ⁠Chevron, Marquis Energy and ADM Asia-Pacific Trading in ​Washington, the Vietnam News Agency reported.

(Reporting by Khanh Vu, Phuong Nguyen; ‌Editing by David Stanway)

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