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Vietnam Buying $3 Billion in US Farm Goods

Deals include $800M purchase of wheat and barley

Vietnam is committing to buy $3 billion in farm products from Nebraska, reports Bloomberg.

The agricultural shopping spree is part of a campaign to address complaints about the trade surplus and difficulties US companies face in accessing Vietnamese markets.

Vietnamese companies signed 18 agreements with American producers to buy about $3 billion of farm products in the next two to three years.

The deals include purchases of 100,000 cows, 3 million tons of wheat and barley worth as much as $800 million, and fruit, corn and soy animal feed.

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