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US calls trade talk with Vietnam ‘productive’

U.S. Trade Representative Jamieson Greer this week held a virtual talk with Vietnam Minister of Industry and Trade Nguyen Hong Dien, following President Trump’s call with General Secretary of the Communist Party of Vietnam To Lam on April 4, the trade office said in a press release.

"Both sides agreed on the importance of making swift progress towards reciprocal and balanced trade between the U.S. and Vietnam."

Both ministers instructed their teams to engage in technical discussions in the coming days to discuss efforts to expand market access and address unfair trade practices.

The Trump administration has postponed imposing high retaliatory tariffs on several trading partners, including Vietnam, for 90 days. A temporary tariff rate of 10% is currently in place.

During the talk with Greer, Dien emphasized Vietnam’s commitment to strengthening its Comprehensive Strategic Partnership with the U.S.

He expressed Vietnam’s interest in fostering economic and trade relations that are balanced, stable, sustainable, and effective.

He further stated that Vietnam’s ministries are prepared to negotiate and address concerns raised by the U.S., aiming to find mutually beneficial solutions.

He described this approach as grounded in the principle of "harmonized benefits and shared risks."

Source: VnExpress