Vietnam, US step up negotiations on economic, trade issues
Minister of Industry and Trade Nguyen Hong Dien called for the development of bilateral 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.
Minister of Industry and Trade Nguyen Hong Dien (R) and US Ambassador Marc E. Knapper in Hanoi on May 7 (Photo: VNA)
Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien, who leads the Government’s negotiation delegation on reciprocal trade agreement with the US, met with US 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 US 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 US leaders.
The minister further highlighted the complementary nature of the Vietnamese and US 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 favourable 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 US's new trade policy is aimed at bolstering trade and investment, safeguarding economic and national security, and protecting US 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./.
NA Vice Chairman Tran Quang Phuong proposed the parliaments of Vietnam and the US increase mutual visits between their lawmakers and strengthen coordination to facilitate the expansion and intensification of cooperation in all areas of the Comprehensive Strategic Partnership.
Vietnam is ready to negotiate the tariff issue with the US for the benefit of both peoples and business communities, aiming for balanced and sustainable trade, PM Pham Minh Chinh told a delegation from the US Congress’s US-China Economic and Security Review Commission.
This marks the 7th time the Government leader has chaired an exclusive meeting to seek solutions to the US's new tariff policy, following key directives from the Party Central Committee, the Politburo, and Party General Secretary To Lam.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
