Latin American media hail Vietnam’s breakthrough in US trade talks
According to the Latin American outlet, the most outstanding achievement in the recent intensive negotiation days was Vietnam’s special task force convincing the US side to agree to begin negotiations on a bilateral trade agreement, an issue Washington had previously avoided on numerous occasions.
The article titled "Vietnam opens the 'steel door' in trade relations with the US", published on April 11 (Photo: VNA)
Havana (VNA) 𒉰- Latin American news agency Prensa Latina has highlighted Vietnam’s efforts in advancing trade relations with the US, describing the launch of negotiations on a bilateral trade agreement, including tariff issues, as the opening of a “steel door” in Vietnam–US economic and trade ties.
In an article titled “Vietnam opens a 'steel door' in trade relations with the US” published on April 11, Prensa Latina praised Deputy Prime Minister Ho Duc Phoc, special envoy of General Secretary To Lam, and the Vietnamese special task force for successfully fulfilling the mission entrusted to them by the country’s Party, State, and Government leadership.
According to the Latin American outlet, the most outstanding achievement in the recent intensive negotiation days was Vietnam’s special task force convincing the US side to agree to begin negotiations on a bilateral trade agreement, an issue Washington had previously avoided on numerous occasions.
Prensa Latina underscored that both sides have officially agreed to include tariff negotiations as a central pillar of the future agreement. In the coming days, the Vietnamese Government is expected to consider forming a ministerial-level technical negotiation team to follow up on the results achieved by the special task force.
During a recent meeting with US Treasury Secretary Scott Bessent, who has been appointed as the lead US negotiator for trade talks with Vietnam, Phoc affirmed that Vietnam is ready for discussions. He proposed that both sides soon begin exchanges on specific topics to reach an agreement at the earliest opportunity, thereby fostering stable and sustainable growth in bilateral economic and trade relations that benefit the people and enterprises of both countries.
For his part, Secretary Bessent expressed appreciation for Vietnam’s swift and proactive efforts to address US concerns and commended the decision to move forward with negotiations on a bilateral trade agreement.
Prensa Latina also emphasised Prime Minister Pham Minh Chinh’s directive that negotiations with the US must be conducted within the broader context of the Vietnam–US relationship and in alignment with Vietnam’s global integration efforts, including the 17 free trade agreements the country has signed.
It noted that the two nations will engage in trade negotiations in the spirit of their Comprehensive Strategic Partnership, based on mutual respect and a shared commitment to fair, sustainable trade that delivers concrete benefits to their people and businesses./.
Latin American news agency Prensa Latina reported that various Vietnamese industry associations view the US as a crucial market, necessitating a comprehensive evaluation of the new tariff policy’s impact.
In 2024, Vietnam’s seafood exports exceeded 10 billion USD, with key buyers including China, the US, Japan, the EU, and the Republic Korea. The momentum continued in the first quarter of 2025, with a value of 2.29 billion USD, rising 18.1% year-on-year
Rather than focusing solely on increasing export value, Vietnamese businesses should shift toward higher market segments and promote service exports as the US tariffs target goods, not services, an expert has said.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.