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

Imports from the US are predicted to rise sharply in the coming months as large Vietnamese enterprises are accelerating purchases from the North American market in efforts to balance bilateral trade.

The visit and a series of bilateral meetings with US partners underscore Vietnam’s strong commitment to deepening trade and investment ties with the US, a comprehensive strategic partner and the world's leading economy.

The US is currently one of the largest trading partners of Vietnam, and the coming State visit by President Joe Biden is expected to help further promote bilateral trade links.

The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius, President and CEO of the US - ASEAN Business Council (USABC).

Vietnam and the US have recorded impressive growth in their relations over the past years but they are also facing many challenges, so their state agencies and enterprises should actively exchange views and cooperate to help bilateral partnerships achieve balance and sustainability, heard a trade forum in Ho Chi Minh City on November 17.

Vietnam is ready to keep frequent contact with the US to deal with emerging issues, an official from the Ministry of Foreign Affairs said on August 11 regarding an official US launch of an anti-circumvention investigation into steel pipe imported from Vietnam.

Prime Minister Pham Minh Chinh’s working visit to the US and the United Nations from May 11 to 17 will be an occasion for the two countries to discuss ways for obtaining harmonious and sustainable trade relations.

National Assembly (NA) Chairman Vuong Dinh Hue on March 9 received President and CEO of the US-ASEAN Business Council (USABC) Ted Osius and executives of some US firms operating in the consumer goods, industrial energy, IT, and financial service industries.

Trade has become a pillar of the growing bilateral relationship between Vietnam and the US, Hoang Quang Phong - Vice Chairman of the Vietnam Chamber of Commerce and Industry said on November 16.