May 08, 2025 | 10:57 (GMT+7)
Vietnam, U.S. step up negotiations on economic, trade issues
Minister of Industry and Trade Nguyen Hong Dien, who leads the Government’s negotiation delegation on reciprocal trade agreement with the U.S., met with U.S. Ambassador Marc E. Knapper in Hanoi on May 7 to advance ongoing negotiations addressing bilateral economic and trade matters.
Dien affirmed Vietnam’s commitment to fostering bilateral ties, urging the U.S. to further promote the sides’ comprehensive strategic partnership for peace, cooperation, and sustainable development. He called for the development of their trade relations in a balanced, long-term, and sustainable manner, in full compliance with Vietnam’s international commitments and without affecting its relationships with other partners. The approach, he noted, should align with the strategic directions agreed upon by senior Vietnamese and U.S. leaders.
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Minister of Industry and Trade Nguyen Hong Dien (R) and U.S. Ambassador Marc E. Knapper in Hanoi on May 7 |
The minister further highlighted the complementary nature of the Vietnamese and U.S. economies as a fundamental basis for strengthening bilateral trade and economic cooperation.
For the time ahead, he suggested both sides support enterprises in resolving difficulties and obstacles, creating favorable conditions for business collaboration, particularly in essential goods trade and joint projects. These efforts are expected to help the countries practically their deepen economic, trade, and investment ties, and progress towards a more balanced and sustainable trade relationship.
For his part, Knapper commended Vietnam’s proactive and constructive engagement. He explained that the U.S.'s new trade policy is aimed at bolstering trade and investment, safeguarding economic and national security, and protecting U.S. workers, without seeking to disadvantage its partners.
While acknowledging that challenges remain, the diplomat expressed his belief that, with goodwill, the negotiation process would yield positive outcomes, benefiting citizens and business communities in both nations.
Source: VNA