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Vietnam has coordinated closely and proactively with the U.S. to negotiate for fair tariff solutions and promote the two-way trade in a mutually beneficial manner, according to Deputy Prime Minister Ho Duc Phoc.

Border trade between Vietnam and China keeps increasing in the first quarter of the year.

Cyberattacks are becoming more advanced, with escalating data breach risks and new threats targeting sensitive information and systems.

Most exports from the US  to Vietnam are subject to an average tariff rate of around 15 per cent.

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.