Vietnam should be ready for bilateral trade deal talks with US
Vietnam should be ready for bilateral trade deal talks with US: experts
Vietnam should be ready to negotiate a free trade agreement with the US, according to some speakers at a recent seminar on the impacts of the Trump administration’s policies in Asia-Pacific.
US President Donald Trump speaks at an event in Louisville, Kentucky (Photo: AFP/VNA)
NewYork (VNA) – Vietnam should be ready to negotiate a free tradeagreement with the US, according to some speakers at a recent seminar on the impactsof the Trump administration’s policies in Asia-Pacific.
Atthe event, held at Harvard University last weekend, Prof. David Dapice fromHarvard recommended Vietnam focus on improving its industrial sector’s capacityand competitiveness.
Itshould watch whether Japan and Australia want to pursue a Trans-PacificPartnership (TPP) without the US, and be ready to negotiate a free trade dealwith the US, similar to what Singapore and the Republic of Korea have done.
Dapicealso suggested Vietnam monitor China’s moves in promoting a China-led tradebloc.
Asidefrom alternatives to the TPP and the US’s new policy on trade with Vietnam,participants delivered speeches on other issues, including the US’s alliancesin Asia-Pacific in the new era, the Trump administration’s policy possibilitiesregarding the East Sea issue, and periphery and security partners inAsia-Pacific.
Manydelegates stressed that the new administration’s Asia-Pacific policy remainsunclear, which has raised concerns among the US’s partners in the region as theworld order may change due to competition among powerful countries.
Somespeakers said the new administration in the US may neglect Asia-Pacific andreturn its focus to the Middle East. This may raise tensions in the region inthe East Sea and the East China Sea.
Prof.Ngo Vinh Long from the University of Maine and some other experts suggestedsmall countries prepare long-term strategies in the face of the uncertainty.
Meanwhile,Vietnamese Ambassador to the US Pham Quang Vinh said he hopes that Vietnam-USrelations will be reinforced despite the Trump administration resetting itsforeign policy priorities.-VNA
Vietnam’s leather and footwear industry will maintain its strong growth even if the TPP does not materialise, the Vietnam Leather, Footwear and Handbag Association (Lefaso) has said.
Member states of the Trans-Pacific Partnership (TPP) committed to seeking a new path to promote regional economic and trade integration during a high-level meeting in Vina del Mar city on March 15.
Vietnam’s garment and textile sector is still enjoying good growth in exports to the US market even without TPP, according to Le Tien Truong, Vinatex Director General.
The US’s withdrawal from the TPP may make certain impacts on Vietnam’s short-term plans but will not affect the country’s long-term goals and integration direction.
Vietnam and the US have witnessed remarkable strides and historical milestones in their relations over the past 20 years, especially in economics and education-training.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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.
US President Donald Trump speaks at an event in Louisville, Kentucky (Photo: AFP/VNA) 
