Topic: trade ties

 Minister of Industry and Trade Nguyen Hong Dien meets U.S. Secretary of Commerce Howard Lutnick in Washington D.C., sharing view that Vietnam and the U.S. are highly complementary economies and have great potential for further cooperation.

The conference also saw calls for the US to open its market to Vietnamese imports of US high-tech goods and to develop a roadmap toward recognizing Vietnam as a market economy.

Minister of Industry and Trade emphasized that Vietnam has a significant, stable, and high-value demand for US-produced goods, equipment, and services.

In the first quarter alone, bilateral trade reached $548.6 million, with Vietnamese exports accounting for $495.2 million.

The focus is on safeguarding national interests, ensuring balanced benefits, and sharing risks.

The ministry will propose negotiations for new FTAs with markets that have significant potential, and boost exports to these markets.

At their talks in Hanoi on January 14, the two PMs agreed to further promote bilateral ties, particularly in economy, trade, investment, energy - oil and gas, science-technology, education and tourism.