Kamal stated that Vietnam aims to increase its global trade volume from the current $800 billion to $1 trillion—a goal that presents significant opportunities for Pakistan. He added that Vietnam is one of the world’s largest producers of plastic paper and has shown interest in establishing production facilities in Pakistan.

Vietnam will soon sign an agreement with Indonesia to boost long-term rice shipments, the Vietnamese government said on Tuesday in a statement, after exports plunged in the first half of the year. The statement came hours after Vietnamese Prime Minister Pham Minh Chinh met Indonesian President Prabowo Subianto on the sidelines of the BRICS summit in Brazil.

The US trade agreement with Vietnam reportedly lowers tariffs but lacks detail, triggering sharp warnings from Chinese officials.

At the heart of Trump’s latest trade deal with Vietnam and talks with other trading partners is an effort to counter what he sees as China’s unfair practices to circumvent U.S. tariffs.