The second negotiation session of the bilateral agreement on reciprocal trade between Vietnam and the US begins

According to the agreed plan, the second negotiation session of the Bilateral Agreement on Reciprocal Trade between Vietnam and the US was held from May 19-22 in Washington DC, USA.

The Vietnamese negotiating delegation was led by Minister of Industry and Trade , Head of the Government Negotiating Delegation Nguyen Hong Dien, with the participation of members of the negotiating delegation and representatives of ministries and branches including: Public Security, Foreign Affairs, Finance, Construction, Home Affairs, Agriculture and Environment, Science and Technology, Justice and the State Bank.

The second negotiation session of the Bilateral Agreement on Reciprocal Trade between Vietnam and the US began on the morning of May 19 (US time) in Washington DC, USA.

On May 19, 2025 (local time), the first day of the negotiation session, the Vietnamese and US delegations spent time discussing the overall approach to resolving fundamental issues of mutual concern and accelerating the negotiation process. The two sides also exchanged openly, frankly, and constructively on groups of issues of mutual concern in the direction of clarifying the contents of the agreement text, providing each other with information on each side's current policies to provide a basis for implementing the next steps.

Previously, on May 16 in Jeju, South Korea, Head of the Government Negotiation Delegation Nguyen Hong Dien had a direct ministerial-level negotiation session with US Trade Representative (USTR) Jamieson Greer.

Here, US Trade Representative Jamieson Greer acknowledged and appreciated Vietnam's goodwill and initiative in actively preparing for negotiations between the two sides, and basically agreed with Vietnam's approach and proposals.

The US hopes that with the efforts of both sides, the technical-level negotiations in the coming days will achieve positive results, bringing practical benefits to the people and business communities of the two countries, contributing to the stability and sustainable development of bilateral trade relations and the comprehensive strategic partnership between the two countries.

On that basis, the two Ministers reached a high level of agreement on issues of principles, approaches, content orientation and negotiation plans, creating a foundation for the next negotiation sessions to achieve positive results.

On May 19, Minister Nguyen Hong Dien worked with Westinghouse Corporation - one of the world's leading corporations in nuclear power technology.

At the meeting, Minister Nguyen Hong Dien said that Vietnam has a policy to restart the nuclear power program to ensure energy security in the context of high electricity demand and unstable renewable energy.

The Minister emphasized that Vietnam will take a cautious, modern and practical approach. Vietnam currently has many potential locations for nuclear power development. This is the basis for promoting cooperation with international partners such as Westinghouse, including large-scale and small-scale nuclear power (SMR) projects. Energy development cooperation will also be an important driving force contributing to balancing the bilateral trade balance.

Ms. Margaret Cosentino - Vice President of Westinghouse expressed strong support for Vietnam's plan, and emphasized the importance of long-term energy cooperation. The two sides agreed to share information and sign a MOU between Westinghouse and the Vietnam National Energy and Industry Group (Petrovietnam) in the field of nuclear power development, continuing to promote cooperation, especially in key areas such as developing energy infrastructure investment models (PPP, BOT), technology transfer as well as training and developing technical human resources for the nuclear power industry.

Moonlight

Source: https://doanhnghiepvn.vn/kinh-te/chinh-sach/bat-dau-phien-dam-phan-thu-hai-hiep-dinh-song-phuong-ve-thuong-mai-doi-ung-viet-my/20250520094540141