The initiative, developed in coordination with the US Trade Representative Office, is intended to address longstanding concerns over IP protection and enforcement.

The two sides sought to harmonise and balance interests in conformity with international commitments, with the development level of each country taken into account.

Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyen Hong Dien.

Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thi Ha has called on the US to enhance labour cooperation with Vietnam during a recent meeting with visiting US Trade Representative (USTR) Katherine Tai.

Minister of Industry and Trade Nguyen Hong Dien has hailed the US as one of the top trade partners and importers of Vietnam during a recent reception in Hanoi for US Trade Representative Katherine Tai.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien has held a virtual meeting with the US Trade Representative, Ambassador Katherine Tai, and Singaporean Minister for Trade and Industry Gan Kim Yong.

The relations between Vietnam and the US would continue to grow stably in the time ahead, with economic and trade cooperation the centre and key momentum of the bilateral ties, Vietnamese and US officials said.

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.

Vietnamese and US agencies will continue their coordination in order to maintain trade ties between the two countries, towards harmonious, sustainable, and mutually beneficial trade balance.

Minister of Industry and Trade Tran Tuan Anh, who is also Chairman of the Vietnam - US Trade and Investment Framework Agreement (TIFA) Council, has held phone talks with US Trade Representative (USTR) Robert Lighthizer to discuss bilateral economic and trade issues.

Any move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said.

Prime Minister Nguyen Xuan Phuc gave a reception in Hanoi on May 20 for US Trade Representative Robert Lighthizer who is in Vietnam for the 23rd Meeting of Ministers Responsible for Trade of APEC.