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Business deals

Vietnam investing billions in US equipment and services

Vietjet, PetroVietnam ink deals during premier's first Washington visit

HO CHI MINH CITY -- Vietnamese companies signed an estimated $15 billion in deals on Wednesday, giving Prime Minister Nguyen Xuan Phuc solid achievements at the end of his three-day first official visit to the U.S.

Vietnamese information technology company FPT will help United Parcel Service upgrade operations in the country.

The deals covered aviation, energy, health care, hospitability, technology, and cooperation in investment and trade. This should help reduce the American deficit with Vietnam, which has increased from $7 billion to nearly $32 billion over the last decade.

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