Tag: Vietnam-US

The ministerial session was a key milestone in dealing with the pending issues so as to soon finalise an agreement on reciprocal trade that would deliver tangible benefits for both countries.

The joint statement outlines key components of the agreement, with both sides working constructively to address mutual concerns related to non-tariff barriers, reach consensus on digital trade, services, and investment commitments, and engage in discussions on intellectual property, sustainable development, and supply chain resilience.

Bilateral trade reached nearly $140 billion in 2024.

Differences across all areas under discussion are narrowed down.

Deputy Prime Minister Ho Duc Phoc, Special Envoy of General Secretary To Lam, met with US Secretary of the Treasury Scott Bessent on April 10 as part of the former's working visit to the US.

Focus to be made on issues relating to product origins, non-tariff barriers and intellectual property regulations.

The reciprocal trade agreement would include agreements on tariffs, according to US Trade Representative Jamieson Greer.

The move made following the US Administration’s recent announcement of imposing reciprocal tariffs on imported goods from 180 trade partners.

During the talks, the Party Chief affirmed that Vietnam is ready to negotiate with the US on reduction of tariff rate to 0% on imported goods between the two countries.

The US remaining Vietnam's second biggest trade partner of Vietnam.

Bilateral trade at $110.9 billion in the first 10 months of this year.

During their meeting on September 25, the two leaders expressed their delight over the outcomes of the Vietnam - US comprehensive strategic partnership after one year of establishment.

At the event, held on September 22, Vietnam’s top leader described the Vietnam-US relationship as a rare process and a model for international relations in post-war healing and relations building.