He stated that Vietnam has been making concerted efforts to advance the negotiation process.
    |
 |
|
Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan at the press conference on October 8 |
Negotiations are being conducted based on the principles of openness, constructiveness, equality, respect for each other's independence, self-reliance and political regimes, and shared benefits, with each other’s development levels taken into account. The two sides aim to develop stable and harmonious economic, trade, and investment ties in line with the Comprehensive Strategic Partnership between Vietnam and the U.S.
Bui Huy Son, Director of the Department of Planning, Finance and Enterprise Management at the Ministry of Industry and Trade (MoIT), said that for the final months of the year, the industry and trade sector is determined to meet the set targets and achieve new progress. The ministry will push ahead with implementing Resolution 59-NQ/TW, issued by the Politburo on January 24, 2025, regarding international integration in the new context.
In parallel, the MoIT is closely monitoring developments in the US tariff policy and working proactively with relevant authorities from both sides to clarify and resolve issues emerging, and to minimize the risk of adverse trade measures applied to Vietnamese exports.
It is prioritizing the launch of free trade agreement (FTA) negotiations with the Southern Common Market (Mercosur) and the Gulf Cooperation Council (GCC) in the fourth quarter of 2025. Talks with Pakistan will be launched soon to expand export opportunities while FTA negotiations with the European Free Trade Association (EFTA) be concluded by the end of this year, Son said.
He added that the MoIT is working to address limitations among domestic enterprises to reduce reliance on the FDI sector. It will also continue working closely with businesses through regular consultations with industry associations and local authorities, thus enabling timely policy advice to the Government to give appropriate support.
Additionally, efforts will intensify around trade promotion, supply-demand connection, and product marketing to help Vietnamese firms reach new customers while maintaining strong ties with traditional partners, particularly in the U.S. market.
The MoIT also reaffirmed its commitment to enforcing origin-related regulations through inspections, licensing, and violation settlement and, at the same time, strengthening supervision to combat trade remedy circumvention and origin fraud.
Source: VNA