Working with the US Senator, what did the Minister of Industry and Trade say about opening the door for US goods?

Working with Senator Roger Marshall, the Minister of Industry and Trade emphasized that Vietnam is ready to open its market and give more incentives to US goods, and asked the US to take corresponding steps.

On June 11, in Washington DC, USA, Minister of Industry and Trade Nguyen Hong Dien had a working session with Senator Roger Marshall, representative of Kansas state, member of the Republican Party and an influential voice in US politics on economic , trade and agricultural issues.

At the meeting, Minister Nguyen Hong Dien affirmed Vietnam's determination to build a comprehensive strategic partnership with the United States; and the desire to promote bilateral economic and trade cooperation for the common interests of the people and businesses of the two countries.

Regarding the negotiation process of the Reciprocal Trade Agreement between the two countries, the Minister emphasized that Vietnam is ready to open its market and provide more incentives for US export goods. He suggested that the US side take corresponding steps.

Vietnam maintains a consistent stance in negotiations with the United States towards a bilateral agreement on the basis of respecting sovereignty, autonomy, political institutions, harmony, balance of interests, in accordance with international commitments and the development level of each country.

Minister of Industry and Trade Nguyen Hong Dien had a working session with Senator Roger Marshall, representative of Kansas state. Photo: MOIT

The Minister expressed his hope that Senator Roger Marshall would speak out in support of Vietnam in the negotiation process; at the same time, act as a bridge to promote cooperation between Vietnam and the United States in general and with the state of Kansas in particular, especially in the fields of agriculture , aviation and biotechnology in which the state of Kansas has strengths.

Senator Roger Marshall appreciated Vietnam's seriousness, initiative and goodwill in participating in negotiations with the United States. He said he would soon consult with the President and cabinet ministers of the United States related to the negotiation process and looked forward to seeing positive results from both sides.

Besides, the Senator also appreciated the Minister's working trip and said that the working trip will open up many cooperation opportunities in many fields of both countries.

On the same day, Minister of Industry and Trade Nguyen Hong Dien had a working session with leaders of two leading US corporations, Nike and Walmart. These two corporations are having large-scale investment and business activities in Vietnam.

Specifically, working with Nike , the minister appreciated the group's long-term, responsible presence in Vietnam - where about 50% of Nike's global footwear production is produced, creating jobs for more than 450,000 workers. However, the minister shared concerns about the potential impact of the current tax policy on Nike's global supply chain as well as the interests of US consumers.

From there, the minister proposed a number of appropriate support directions for Nike's operations in Vietnam. He affirmed: "Vietnam does not consider Nike simply an investor, but a strategic partner accompanying sustainable development and international integration."

Work with Walmart - the world's largest retail group, Minister Nguyen Hong Dien suggested that the group expand the purchase of high value-added, environmentally friendly products; research and build a strategic purchasing center in Vietnam; and coordinate to improve supplier capacity through sharing technical standards and training.

Regarding the difficulties Walmart is facing in doing business in Vietnam, the Minister affirmed that he will coordinate with the Ministry of Finance and relevant agencies to review and perfect policies, ensuring transparency and conformity with international practices.

Emphasizing the role of the US business community in the context of the Reciprocal Trade Agreement negotiations entering a crucial stage, the Minister called on Nike and Walmart to voice their strong support and promote the negotiation process to soon reach a fair, balanced and sustainable agreement between Vietnam and the United States.

Chairman of the US Investment Fund said the trade deficit with Vietnam is a 'regular result' . The Chairman of the USABC said that the current trade deficit is a regular result in the relationship between a developed economy like the United States and an economy in the early stages of development like Vietnam.

Source: https://vietnamnet.vn/viet-nam-san-sang-mo-cua-thi-truong-danh-them-uu-dai-cho-hang-hoa-hoa-ky-2410679.html