14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM
Log in
Business

Vietnam, US conclude third round of reciprocal trade agreement talks

The talks marked a constructive step toward a future deal aimed at promoting balanced and sustainable economic ties between the two countries.

THE HANOI TIMES — Vietnam and the US have concluded the third round of negotiations on a bilateral reciprocal trade agreement, making significant progress across all key areas, according to Vietnam’s Ministry of Industry and Trade (MoIT).

The talks were held from June 9 to 12 in Washington.

US Secretary of Commerce Howard Lutnick expressed his pleasure at meeting Vietnam’s Minister of Industry and Trade Nguyen Hong Dien again, following their previous negotiation session in the US in May 2025. Photos: congthuong.vn

The Vietnamese delegation was led by Minister of Industry and Trade Nguyen Hong Dien, head of the Vietnamese negotiation team, and included representatives from relevant ministries and agencies such as Public Security, Foreign Affairs, Finance, Agriculture and Environment, Construction, Justice, Science and Technology, Home Affairs, and the State Bank of Vietnam.

Over four days of discussions, both sides narrowed differences and engaged in constructive, candid exchanges on issues of mutual concern, based on Vietnam’s feedback submitted in prior documents.

They also explored practical, mutually acceptable solutions. The two parties agreed to hold a virtual meeting in the coming days to continue addressing outstanding matters and to prepare for a planned online dialogue between US Secretary of Commerce Howard Lutnick and Minister Nguyen Hong Dien.

On the final day of technical-level negotiations, Dien held a rare concurrent session with Secretary Lutnick and US Trade Representative Ambassador Jamieson Greer, marking the first time the US had proposed such a format for ministerial-level talks.

During the session, Dien put forward a number of proposals aimed at advancing the negotiation process and achieving tangible outcomes. Both US officials welcomed Vietnam’s goodwill and efforts, largely agreeing with Dien’s suggestions, which they considered a solid foundation for further discussions toward a future agreement.

On June 12 in the US, Minister Nguyen Hong Dien held a joint negotiation session with US Secretary of Commerce Howard Lutnick and Ambassador Jamieson Greer, US Trade Representative.

Following the joint session, the minister met separately with Secretary Lutnick to further clarify key points. Secretary Lutnick reaffirmed the US’s high regard for its relationship with Vietnam and its support for the country’s continued development. He acknowledged Vietnam’s proposals and committed to working with the U.S. Trade Representative to explore suitable solutions.

Dien expressed appreciation for the positive evaluations from Secretary Lutnick and Ambassador Greer, reaffirming Vietnam’s strong commitment to building a balanced and sustainable economic and trade partnership with the US, to the benefit of both countries’ people and businesses.

Both sides agreed to instruct their technical teams to continue discussions with the aim of reaching a mutually beneficial agreement in line with each country’s expectations and conditions.

Reactions:
Share:
Trending
Most Viewed
Vietnam’s online food delivery market jumps 19% in 2025 as duopoly tightens grip

Vietnam’s online food delivery market jumps 19% in 2025 as duopoly tightens grip

Rapid urbanization and app-based lifestyles are reshaping how Vietnamese consumers order meals, with food delivery platforms expanding quickly in 2025 amid rising competition, service innovation and growing reliance on digital channels for everyday dining across major cities.

Four competitive pillars shape HCMC-based international financial center vision

Four competitive pillars shape HCMC-based international financial center vision

Currently ranked 95th out of 120 cities in the Global Financial Centres Index, Ho Chi Minh City aims to reach the top 75 by 2035 and the top 50 by 2045.

FPT opens advanced chip testing plant, deepening Vietnam’s role in global semiconductor chains

FPT opens advanced chip testing plant, deepening Vietnam’s role in global semiconductor chains

FPT has announced the establishment of an advanced semiconductor testing and packaging plant in the northern province of Bac Ninh, expected to begin operations this year, marking a significant step toward completing Vietnam’s semiconductor value chain.

Japanese food companies step up focus on Vietnam market

Japanese food companies step up focus on Vietnam market

As Vietnam’s income levels rise, consumer demand has gradually shifted toward higher-quality and more diverse food products.

Vietnam targets national gold exchange launch in February to improve market transparency

Vietnam targets national gold exchange launch in February to improve market transparency

Vietnam is accelerating financial market reforms as the government pushes forward plans for a national gold exchange platform and experiments with digital asset trading, aiming to improve transparency, stabilize markets and strengthen macroeconomic management.

Vietnam, Russia near agreement on Ninh Thuan 1 Nuclear Plant

Vietnam, Russia near agreement on Ninh Thuan 1 Nuclear Plant

Vietnam views the construction of a nuclear power plant as a strategic project with a century-long vision.

Vietnam scraps business license fee starting 2026

Vietnam scraps business license fee starting 2026

The move aims to reduce compliance costs, simplify administrative procedures and align with the policy of encouraging private sector development.

Vietnamese spice exporters eye Middle East, North Africa markets at Gulfood 2026

Vietnamese spice exporters eye Middle East, North Africa markets at Gulfood 2026

Vietnamese exporters head to Gulfood 2026 in the United Arab Emirates' Dubai to capture rising Middle East demand for spices and processed foods.