UPDATE 1-Vietnam does not have a policy of creating excess capacity, PM tells U.S. trade rep
Adds details
HANOI, May 20 (Reuters) - Vietnam does not have a policy of creating excess capacity, Vietnamese Prime Minister Le Minh Hung told Deputy U.S. Trade Representative Rick Switzer at a meeting on Wednesday in Hanoi, the Vietnamese government said.
Vietnam will continue to closely coordinate with the U.S. to finalise negotiations for a bilateral trade pact, the government said in a statement following the meeting.
Vietnam has been in talks with the U.S., its largest export market, on a trade agreement since President Donald Trump announced planned tariffs on Vietnamese goods more than a year ago.
Hung said at the meeting that Vietnam is willing to facilitate U.S. firms in expanding their investment and business activities in the country.
He said Vietnam is determined to fight against violations of intellectual property rights.
Vietnam earlier this month launched a new crackdown on online piracy and counterfeit goods, aiming to boost detections by a fifth, after the U.S. revived the prospect of fresh tariffs.
