Vietnam Eyes Starlink Expansion, Boeing Deals to Address U.S. Trade Surplus

Vietnam Eyes Starlink Expansion, Boeing Deals to Address U.S. Trade Surplus

Vietnam’s Prime Minister Pham Minh Chinh announced plans to fast-track a license for Elon Musk’s Starlink to provide satellite internet under a pilot program. Speaking with U.S. business leaders in Hanoi, Chinh emphasized efforts to balance trade with the U.S. by increasing imports of aircraft, arms, liquefied natural gas (LNG), agriculture products, and pharmaceuticals.

Vietnam is working to prevent potential U.S. tariffs on its growing export surplus. The government recently approved a temporary policy allowing satellite internet providers like Starlink to operate while retaining full control of local subsidiaries—a key condition for Musk’s investment. This marks a shift in Vietnam’s approach, which traditionally limits foreign ownership in sensitive sectors.

To ease trade tensions, Vietnam is exploring major deals, including significant aircraft purchases. The government highlighted a 2023 agreement between Vietnam Airlines and Boeing for 50 737 MAX jets, valued at $11 billion. It is also negotiating price reductions and discussing a separate deal with VietJet for 200 Boeing planes, initially signed in 2016 but yet to be fulfilled.

Vietnam has expressed interest in importing more U.S. farm products and LNG to support its emerging energy sector. Additionally, discussions on military acquisitions, such as Lockheed Martin’s C-130 Hercules transport planes, remain ongoing.

The Vietnamese government has been actively engaging with global businesses to address economic concerns amid trade uncertainties. Chinh’s continued meetings with international investors aim to maintain Vietnam’s position as a key player in global trade while fostering stronger U.S. economic ties.