Ministry of Foreign Affairs informs about the situation of Vietnam

On the afternoon of May 15, at the regular press conference of the Ministry of Foreign Affairs , Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang informed about the situation of Vietnam - US trade negotiations.

Foreign Ministry Spokesperson Pham Thu Hang

PHOTO: BNG

The Foreign Ministry spokesman said that Vietnam has been proactively and actively promoting sustainable, balanced trade and investment cooperation with the US in the spirit of efficiency, frankness, constructiveness, equality, mutual respect, bringing benefits to both sides.

"Negotiations between Vietnam and the US on the US's reciprocal tax policy on Vietnam's export goods are underway, and specific information will be provided later," said Ms. Hang.

Previously, on May 5, at the opening session of the National Assembly , Prime Minister Pham Minh Chinh said that from May 7, Vietnam will conduct reciprocal tax negotiations with the US.

Vietnam has begun negotiations and is among the six countries that the US prioritizes for negotiations (including the UK, India, South Korea, Japan, Vietnam, and Indonesia) among more than 100 economies.

The Prime Minister also stated that the Government has been directing the negotiating team and ministries and agencies to monitor the situation, urgently complete plans and be ready to negotiate with the US in the spirit of "harmonious benefits - shared risks".

Chairing a meeting of the Government Standing Committee with relevant ministries, sectors and agencies on preparations for trade negotiations with the US on May 6, Prime Minister Pham Minh Chinh requested ministries and sectors to promptly handle issues of concern to the US, step up negotiations, and increase imports of equipment and goods that the US has strengths in and that Vietnam needs in order to gradually achieve a sustainable trade balance.