Minister Nguyen Van Thang: Vietnam and the US have agreed on a joint statement on reciprocal taxes.

The two negotiating delegations of Vietnam and the US have agreed on the Vietnam-US Joint Statement on the framework of a reciprocal, fair and balanced trade agreement.

Minister of Finance Nguyen Van Thang - Photo: VGP

At the regular Government meeting in June 2025 held on the afternoon of July 3, Minister of Finance Nguyen Van Thang reported the above information and said that economic growth achieved the highest results in nearly 20 years, many targets and indexes on production, business, state budget...

The negotiation results build confidence for businesses.

According to Mr. Thang, on July 2, the two negotiating delegations of Vietnam and the US agreed on the Vietnam-US Joint Statement on the framework of the reciprocal, fair and balanced trade agreement.

At the same time, General Secretary To Lam had a phone call with US President Donald Trump, affirming the comprehensive strategic partnership between the two countries and continuing to discuss a number of major directions and measures to promote cooperation in various fields, especially key and breakthrough fields such as high-tech science .

"This is an important outcome in the negotiations, creating confidence and expectations for businesses," Minister Nguyen Van Thang affirmed.

Along with positive results in the processing and manufacturing industry, the growth rate also increased by 10.65%, reaching the set scenario and being one of the few years with double-digit growth in the first 6 months since 2011. Exports in the first 6 months increased by 14.4%, with a trade surplus estimated at 7.63 billion USD.

Realized FDI capital reached over 11.7 billion USD, up 8.1%. The number of enterprises entering and re-entering the market in the first 6 months reached 152,700 enterprises, 20% higher than the number of enterprises withdrawing from the market (127,200 enterprises).

Notably, in June alone, the number of newly registered enterprises reached nearly 24,400, the highest ever, with a total registered capital of nearly 177,000 billion VND, up 60.5% and 21.2% respectively over the same period last year...

Mr. Thang added that on June 30, all 34 localities simultaneously held a ceremony to announce the resolutions and decisions of the Central and local governments on the arrangement of administrative units and the establishment of provincial party committees and local leadership personnel so that the two-level local government apparatus can operate from July 1.

"This moment marks a new stage of development for the state administrative apparatus, perfecting the institutions and organization of a synchronized, streamlined, effective, and efficient political system," Mr. Thang remarked, adding that the trust and pride of the people and the business community have been enhanced, creating a new momentum to lead the country into a new era.

Many challenges for the economy

However, in the coming time, it is forecasted that the economy will continue to face more challenges; requiring all levels, sectors and localities to be more proactive, resolute and closely follow up to complete the assigned tasks.

The Ministry of Finance also analyzed several difficulties and challenges, such as: the growth target for 2025 remains challenging; the macroeconomic situation is still under pressure, especially in managing exchange rates and interest rates; while efforts to improve institutions and laws have been prioritized, obstacles remain and the system has not kept pace with development requirements; and the lives of some people and workers are still difficult...

Regarding solutions, Mr. Thang emphasized that he will promptly submit to the Government for promulgation and effective implementation of relevant documents; closely monitor the activities of the two levels of government, the implementation of regulations on decentralization, delegation of power, and delineation of authority, and promptly provide guidance and resolve any obstacles.

Continue to boost exports and develop harmonious and sustainable trade with other countries; constantly improve institutions and laws, and enhance the investment and business environment. Promote traditional growth drivers of investment and domestic consumption, and develop new growth drivers.

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Source: https://tuoitre.vn/bo-truong-nguyen-van-thang-viet-nam-va-my-da-thong-nhat-tuyen-bo-chung-ve-thue-doi-ung-2025070317404304.htm