U.S. to fund $500 million in green exports to Vietnam

(Photo: U.S. Export-Import Bank)

The U.S. has signed a $500 million deal to promote green exports to Vietnam, the source of the country's third-largest trade deficit and a quickly rising manufacturing alternative to China.

According to a statement released by the U.S. Embassy in Hanoi on 18, exports related to renewable energy, the climate, and infrastructure, companies can receive loans and other backing from the U.S. Export-Import (Exim) Bank.