Vietnam - US reciprocal tax negotiations make positive progress

According to the agreed plan, the second round of negotiations on the Bilateral Agreement on Reciprocal Trade between Vietnam and the United States will be held from May 19 to 22, 2025 in Washington DC, USA. The Vietnamese negotiating delegation is 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 the following ministries and sectors: Public Security, Foreign Affairs, Finance, Construction, Home Affairs, Agriculture and Environment, Science and Technology, Justice and the State Bank.

During the 3 days of negotiations, with great determination and effort, the Vietnamese and US negotiating delegations discussed all the contents raised before the negotiation session in the spirit of goodwill, frankness, respect for institutions, harmony and balance of interests as well as in accordance with international commitments and the development level of each country. The two sides spent time providing each other with information on each side's current policies, clarifying the contents of the Agreement text, discussing the overall approach to solving fundamental issues of mutual concern to speed up the negotiation process. At the same time, the members of the negotiating delegations of the two sides had open and constructive exchanges on economic and trade issues of core interests of both countries.

At the end of the negotiation round, Vietnam and the United States made positive progress, identifying groups of issues on which consensus or views were close, and groups of issues that needed further discussion to reach consensus in the coming time. In addition, the two sides also set time frames for feedback on the draft Agreement, proposed text, and organized online meetings to prepare for the next negotiation session.

Minister of Industry and Trade Nguyen Hong Dien negotiated with Ambassador and Chief US Trade Representative Jamieson Greer in Washington on May 21.

At the end of the third working day, Minister Nguyen Hong Dien had a negotiation session with Ambassador, Chief of the US Trade Representative Jamieson Greer to agree on the results achieved in the second round of negotiations and pointed out the contents that need to continue to focus on negotiations in early June 2025. Ambassador Greer highly appreciated Vietnam's goodwill and efforts in handling issues of concern to the US and hoped that the two sides would continue to promote technical exchanges, including at the ministerial level, to achieve results in the shortest time.

Minister of Industry and Trade, Head of the Government Negotiation Delegation Nguyen Hong Dien and Ambassador, Chief US Trade Representative Jamieson Greer

Minister of Industry and Trade Nguyen Hong Dien welcomed Ambassador Greer's assessment and affirmed Vietnam's determination to build and promote economic and trade relations with the United States in a balanced and sustainable manner for the benefit of the people and businesses of the two countries. The Minister agreed with Ambassador Greer to assign technical levels of the two sides to continue to strengthen exchanges to soon reach an agreement in accordance with the expectations and conditions of each side.

According to VOV

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