Vietnam, US hold negotiations on new trade deal, ministry says
FILE PHOTO: Counterfeit products are displayed at a shop inside a shopping mall in Ho Chi Minh City, Vietnam, May 10, 2025. Vietnam wants to develop with the US a set of practical and harmonious rules of origin of goods that is in line with global supply chains. - Reuters
HANOI: Vietnam and the United States held an online round of negotiations on a new trade deal on Thursday night (June 20), the Ministry of Industry and Trade said on Friday.
During the negotiations with US Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, Vietnamese trade minister Nguyen Hong Dien asked the US to review "reciprocal tariffs" and market access for Vietnam's key exports, the ministry said in a statement.
The South-East Asian industrial hub has held several rounds of negotiations with the US to strike a deal that would allow Vietnamese goods to avoid a 46 per cent tariff rate, imposed largely as a result of its big trade surplus with Washington.
"The negotiation round was conducted in a candid, friendly and constructive manner," the ministry said.
Minister Dien also welcomed proposals from Lutnick and Greer during their talks, the ministry added without elaborating.
Dien said Vietnam wants to develop with the US a set of practical and harmonious rules of origin of goods that is in line with global supply chains, according to the statement. - Reuters
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